Business Details
24 Years
experience
Trusted Mortgage Lending Services in Wheaton, IL
Established in 2002, First American Mortgage has built a reputation as a trusted residential lender serving homeowners across Illinois. Our founder, Dan Palumbo, brings over two decades of industry experience, having helped hundreds of clients finance their dream homes through personalized service and transparent communication. We prioritize direct client relationships, eliminating third-party intermediaries to ensure seamless transactions from start to finish. Our expertise spans home purchase loans, refinancing, and specialized programs like FHA, VA, and jumbo loans, tailored to meet diverse financial needs. With a focus on efficiency and customer satisfaction, we guarantee competitive rates and timely closings, supported by a team dedicated to exceeding expectations.Our local market knowledge of Chicagoland communities enables us to provide strategic guidance that aligns with regional housing dynamics. Backed by NMLS licensing and Illinois Residential Mortgage credentials, we maintain strict compliance with regulatory standards while fostering partnerships with real estate professionals for worry-free transactions. Client testimonials consistently highlight our responsiveness, expertise, and commitment to securing optimal loan terms. Whether you're a first-time buyer or refinancing an investment property, our process emphasizes clarity, affordability, and long-term financial benefits. We offer pre-approval services with no obligation, ensuring clients enter the housing market with confidence and financial clarity.
Services
Home Purchase Loans
Refinance Loans
FHA Loans
VA Loans
Conventional Loans
Jumbo Loans
First-Time Buyer Programs
Cash-Out Refinances
Reverse Mortgages
Investment Property Loans
Details
- Year established: 2002
Highlights and features
- We offer 20+ years of specialized mortgage expertise in Chicagoland markets.
- Our team provides direct, no-middleman communication throughout the loan process.
- We guarantee competitive rates backed by partnerships with local real estate professionals.
- Our NMLS-licensed professionals ensure compliance and transparency in all transactions.
- We deliver personalized loan strategies tailored to unique financial circumstances.
Associations and certifications
- NMLS
What people say
Knowledgeable and responsive
Best rate possible
Exceeded expectations
Transparent and honest
Timely communication
Services
Home Purchase Loans
We specialize in home purchase loans tailored to your financial situation, offering competitive rates and flexible terms. Our process simplifies buying a home by aligning loan options with your budget and long-term goals. Clients benefit from expert guidance through underwriting, ensuring transparency and timely closings.
Refinance Loans
Our refinance solutions help homeowners reduce monthly payments, shorten loan terms, or access equity through cash-out refinances. We analyze current market rates and your credit profile to secure optimal terms, with transparent fee structures and streamlined documentation.
FHA Loans
FHA loans provide low down payment options for qualified buyers, requiring as little as 3.5% down. We guide clients through FHA guidelines, ensuring eligibility while maximizing benefits like competitive interest rates and lenient credit requirements.
VA Loans
We offer VA loans for eligible veterans and service members, featuring zero down payment requirements and no private mortgage insurance. Our team handles VA-specific documentation to expedite approvals while explaining benefit nuances.
Conventional Loans
Conventional loans suit buyers with strong credit seeking flexible terms without government backing. We provide fixed and adjustable-rate options, emphasizing clear disclosure of closing costs and long-term affordability.
People
Dan Palumbo
Founder & Mortgage Lender
With over 20 years of mortgage experience, Dan Palumbo founded First American Mortgage in 2002. A lifelong DuPage County resident, he partners with local realtors to deliver personalized loan solutions while maintaining NMLS #280026 licensing excellence.
Questions
What mortgage options do you offer?
We provide home purchase loans, refinancing, FHA, VA, conventional, jumbo loans, and specialized programs for first-time buyers and investment properties.
Are you licensed to operate in Illinois?
Yes, we hold Illinois Residential Mortgage Licensee #MB.0006542 and NMLS #277329, ensuring full compliance with state regulations.
How can I get pre-approved for a mortgage?
Complete our quick 30-second online form for free pre-approval with no obligation, followed by a credit check and personalized loan terms.
Do you serve first-time homebuyers?
Yes, we offer tailored first-time buyer programs with down payment assistance and competitive rates to simplify homeownership.
What areas do you service?
We serve Wheaton, Naperville, Aurora, and surrounding Illinois communities including DuPage, Cook, and Will counties.
How do you ensure a smooth transaction?
Direct communication with our team, no third parties, and proactive document management ensure efficient, worry-free closings.
