How can I help you achieve your home-buying goals?
As your trusted First American Bank loan officer in Elk Grove Village, Illinois, my mission is to provide you with exceptional customer service. I will walk you through every step of the home loan process and support you from mortgage prequalification to pre-approval, all the way through your closing date. As a partner with you in the home financing process, I will provide you with a variety of mortgage lending programs to meet your individual needs, whether you are seeking a fixed-rate or adjustable-rate mortgage (ARM). I am committed to keeping you informed throughout the mortgage loan process, and am here to answer questions, explain options and eliminate hassles and worry along the way. Whether you are a first-time home buyer or seasoned buyer, you can trust me and my team with all of your home financing needs.
Don’t hesitate to reach out using the direct contact information located on this page. I appreciate your business and look forward to working with you!
After serving my country and my community as an airman in the U.S. Air Force and a deputy sheriff, I joined First American Bank to serve our great customers with their lending needs. It gives me great pleasure to be a part of helping others purchase their dream homes and save them money. I am a proud husband and father; in my free time I enjoy giving back to families going through hardships through a charity I run with my wife, Mac’s Army In Loving Memory of MacKenzie Serviss.
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Buying a home or using the equity in your home for large expenses can be complex. Our experts break down the latest housing trends and tips so you can make the best choices for you and your needs.
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Product | Rate | APR | Points |
---|---|---|---|
30 Year Fixed Rate Terms and Conditions | 6.625% | 6.761% | 0.000 |
15 Year Fixed Rate Terms and Conditions | 5.875% | 6.093% | 0.000 |
5/6 ARM SOFR Terms and Conditions | 6.750% | 7.308% | 0.500 |
Federal VA 30 Year Fixed Rate Terms and Conditions | 6.250% | 6.573% | 0.000 |
Subject to credit approval. Standard rates apply. Title fees, as part of the closing costs, will vary by county.
Rates are subject to change at any time without notice. Rates and terms are not guaranteed until application is completed and rate is locked by a First American Bank mortgage loan representative. Rates and programs are subject to limitations. Call for program availability. All programs are fully amortized loans that require monthly payments of principal, interest, and any required escrow payments for the term of the loan. The above payments do not include amounts for taxes and insurance premiums. Therefore, the actual payment obligation will be greater. The exact monthly payment of a loan will vary depending on the term of the loan, the amount and the Annual Percentage Rate (APR) at the time of loan approval. APRs will vary due to the cost of PMI (if necessary), title company fees, loan points based on your credit score and actual loan amounts. Available loan amounts range from $30,000 to $650,000. Please call for rate information on loan amounts not shown in the table.
Conventional Loan APRs: We assume a 25% down payment with no Private Mortgage Insurance (PMI) and based on payment for the full term.
At a 6.625% interest rate, the APR for this loan type is 6.761%. The monthly payment schedule would be:
- 359 payments of $1,344.65 at an interest rate of 6.625%
- 1 payment of $1,345.77 at an interest rate of 6.625%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
At a 5.875% interest rate, the APR for this loan type is 6.093%. The monthly payment schedule would be:
- 179 payments of $1,757.95 at an interest rate of 5.875%
- 1 payment of $1,757.74 at an interest rate of 5.875%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
At a 6.750% initial interest rate, the APR for this loan type is 7.308%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
- 60 payments of $1,362.06 at an interest rate of 6.750%
- 299 payments of $1,440.85 at an interest rate of 7.375%
- 1 payment of $1,439.82 at an interest rate of 7.375%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
At a 6.250% interest rate, the APR for this loan type is 6.573%. The monthly payment schedule would be:
- 359 payments of $1,090.97 at an interest rate of 6.250%
- 1 payment of $1,091.20 at an interest rate of 6.250%
The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.