Business Details
Your Trusted Mortgage Broker in Bloomingdale, IL
Main Street Mortgage has been serving homebuyers and property owners in Illinois for over three decades. As a licensed mortgage brokerage, we specialize in connecting clients with optimal financing solutions through our extensive network of lending partners. Our expertise spans conforming loans, FHA and VA programs, reverse mortgages, and investment property financing. We prioritize personalized service, offering in-home consultations and seven-day availability to streamline the mortgage process.With deep industry knowledge and a commitment to transparency, we guide clients through every step from pre-approval to closing. Our team's collective experience ensures tailored advice for first-time buyers, refinancers, and those exploring specialized loan products. We maintain rigorous compliance standards and focus on building long-term relationships through reliable, client-centered service.
Services
Purchase Loans
Refinance Loans
Reverse Mortgages
HELOC/HELOAN
Debt Consolidation
Home Improvement Loans
Pre-Approval Services
Highlights and features
- 30+ years of mortgage industry experience
- Works with multiple lending institutions for competitive rates
- Offers in-home application consultations
- Available seven days a week for client convenience
- Specializes in complex loan scenarios including self-employed borrowers
Associations and certifications
- National Mortgage Licensing System (NMLS)
What people say
Seemingly tedious process easier
Closed very quickly
One on one service
Explained mortgage options
Recommend to everyone
Services
Purchase Loans
We specialize in helping first-time buyers and experienced homeowners secure financing for residential property purchases. Our loan officers work with multiple lenders to find competitive rates and terms tailored to individual financial situations. We offer conventional, FHA, and VA loan options with personalized guidance through the entire closing process.
Refinance Loans
Our refinancing solutions help homeowners reduce monthly payments, shorten loan terms, or access home equity. We evaluate current mortgage terms against market conditions to determine optimal refinancing opportunities. Services include rate-and-term refinancing and cash-out options for home improvements or debt consolidation.
Reverse Mortgages
We provide FHA-insured reverse mortgage solutions for homeowners aged 62+. These loans allow qualified seniors to convert home equity into tax-free funds while maintaining property ownership. Our counselors explain all options and requirements to ensure this complex product meets the borrower's long-term financial needs.
HELOC/HELOAN
We offer home equity lines of credit (HELOC) and fixed-term home equity loans to access property equity. These products provide flexible financing for major expenses like home renovations, education costs, or debt consolidation. Our advisors explain the risks and benefits compared to other financing options.
Pre-Approval Services
Our free pre-approval process gives homebuyers a competitive edge in real estate transactions. This comprehensive evaluation includes credit analysis, income verification, and debt-to-income ratio assessment to establish clear borrowing limits before house hunting begins.
Questions
What is the difference between pre-approval and pre-qualification?
Pre-qualification provides a general affordability estimate based on self-reported information. Pre-approval involves full documentation verification and underwriting, resulting in a conditional loan commitment that strengthens your negotiating position.
What loan type is right for me?
The optimal loan depends on your financial situation, down payment amount, and long-term plans. Our advisors explain conventional, FHA, VA, and specialty loan programs to help you make an informed decision.
How does credit score affect mortgage approval?
Credit scores impact loan eligibility, interest rates, and down payment requirements. We explain how payment history, credit utilization, and other factors determine your creditworthiness during the mortgage evaluation process.
Can self-employed individuals qualify for mortgages?
Yes, we help self-employed borrowers document income through tax returns and financial statements. We work with lenders that specialize in non-traditional income verification for business owners and independent contractors.
Does a reverse mortgage transfer home ownership?
No, reverse mortgage borrowers retain full property ownership. The loan becomes due when the last borrower permanently leaves the home, but title remains with the homeowner during the loan term.
