| Conventional Fixed Rate Mortgages |
30 Year Conforming Fixed
15 Year Conforming Fixed |
- Monthly payments are fixed over the life of the loan
- Interest rate does not change
- Protected if rates go up
- Can refinance if rates go down
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| FHA Mortgages |
Federal Housing Authority financing can be used to purchase a new home or refinance an existing FHA loan |
- FHA financing can be used to purchase a home, townhouse, condominium, or refinance an existing loan
- No down payment or it is minimal
- Monthly payments are fixed over the life of the loan
- Interest rate does not change
- Protected if rates go up
- Can refinance if rates go down
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| VA Mortgages |
VA financing can be used to purchase a new home or refinance an existing VA loan |
- VA financing can be used to purchase a home, townhouse, condominium, or refinance an existing VA loan.
- There is no down payment or it is minimal.
- Most veterans pay a VA funding fee for their loans. Crown Mortgage allows the veteran to build the VA funding fee into the mortgage.
- VA loans are assumable.
- Crown Mortgage Company is a VA Automatic LAPP Lender so there is less red tape. We approve all veteran's applications for loan approval "in-house" and handle the appraisal review in
the same "in-house" capacity with no downtown review.
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| Over the Net Application |
Crown Mortgage Company gives you the convenience of over the internet approval |
- Fill out application at your convenience
- Quick and convenient application process
- Eliminate anxiety associated with obtaining a mortgage
- Monthly payments are fixed over the life of the loan
- Interest rate does not change
- Protected if rates go up
- Can refinance if rates go down
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| 30 Minute EZ App |
Crown Mortgage Company gives you a mortgage commitment over the phone |
- Obtain your mortgage from the convenience of your home or workplace
- Quick and convenient
- Eliminate anxiety associated with obtaining a mortgage
- A flexible program for busy schedules
- A for a quick closing
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| Lock-N-Shop |
Crown Mortgage Company allows you to lock in an interest rate for a period of 30 days while shopping for a new home |
- Shop with confidence knowing you are approved for a loan and have a guaranteed interest rate.
- Concentrate solely on buying a new home.
- Receive a lower rate, if, by the time a contract is signed (within the 30 day period), rates move lower.
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| 100% Financing |
Crown Mortgage Company allows you to purchase a home with no money down and no closing costs. |
- Increase your purchasing power
- Use 100% Financing for FHA loan at regular competitive rates.
- Monthly payments are fixed over the life of the loan
- Interest rate does not change
- Protected if rates go up
- Can refinance if rates go down
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| Guaranteed Sale |
Crown Mortgage Company will buy your home if it does not sell after 90 days. |
- Turn sellers into non-contingent buyers thus enabling them to move forward with their new home purchase.
- Relieves stress in "must sell" situations.
- Creates additional referrals.
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| Bridge Loan |
Crown Mortgage Company allows sellers to borrow against equity in their existing home for the purpose of making a down payment on a new home. When the existing
home is sold, the proceeds are used to repay this short-term loan. |
- Allows the purchase of a new home prior to the sale of an existing home.
- Makes you a non-contingent buyer.
- Relieves stress by insuring you if your home doesn't sell immediately that you can still move forward with your new home purchase.
- Obtain the home you really want and eliminate the fear of losing it on a contingency.
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| Guaranteed 10 Day Closing |
Crown Mortgage Company can close FHA or Conventional loans in 10 business days. |
- You can take advantage of Crown's speed and close your home in 10 business days.
- Because Crown is a mortgage banker, all loans are processed in-house at our corporate office in Oak Lawn, Illinois.
- Our loan application is thorough and our in-house appraisers can appraise the home within 4 business days, you are able to move swiftly from mortgage commitment to closing.
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| Refinance |
Crown Mortgage Company allows you to refinance your current loan to reduce payments, shorten term, take cash out or consolidate debts |
- Lifetime refinance - Crown will refinance your loan if it will reduce the payment.
- Streamlined refinance - the only charge is updated title, the only documentation is your drivers license
- Regular refinance - cash out, consolidation and shorter term
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| Sellers Assistance |
Sell your home yourself |
- A sign for your property with 24/7 Free recorded message directed to Crown Mortgage
- Advertise your property on Crown's website where over 1,000 buyers visit each month
- Advertise your property in local papers
- Buyers who come through your home, at your convenience, are pre-approved
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Besides the loan programs listed above, we also have other programs to serve your needs:
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