Finding your dream house to create a home for you and your family begins with affording and financing that dream. Danny Delgado and his team of mortgage brokers at Guaranteed Rate are dedicated to helping prospective homeowners in Chicago and the surrounding area find the right home and financing to meet their needs. When you partner with the Delgado Team, you don’t get a stack of qualifying paperwork; you get a team of invested partners who work together to set you up for long-term success. Discover the Delgado difference when you reach out to us today!
For those who have served or are serving, the benefits of your service extend to purchasing your home. VA home loans are those that are secured by the Veterans Administration and awarded based on your service, ability to pay, and the home you wish to purchase. If you qualify for a VA home loan, you can benefit from a zero down payment and lower interest rates than a traditional home loan. Because you are backed by the VA, the loan requires no mortgage insurance and offers foreclosure avoidance protection. If you are a Veteran or service member, see if you qualify for a VA home loan today!
The Federal Housing Administration recognizes that in today’s market, it is not always feasible for families to purchase a home with the average expected 20% down payment. With more than half of the American population in the middle class, FHA loans are the response to the families who make enough to live and pay a mortgage but cannot fund a large down payment. Designed for the working-class families, FHA home loans require less of a down payment and may be approved with a lower credit score than a traditional home loan. If you are a member of the working class, let us help you make a dream of owning a family home in Chicago a reality.
Refinancing your existing mortgage offers a variety of benefits, from taking advantage of funds in equity to lowering your interest rate and monthly payments. For some homeowners who did not qualify for a decent interest rate at the time of purchase or who used a government-backed home loan, refinancing offers the opportunity to restructure the terms of the loan to better suit your current situation. If you have been living in your home for at least 12 months and have made your payments on time, you can take advantage of refinancing your mortgage. It is important to understand that refinancing may not be the best option for everyone, so contact us to get a better idea of what you qualify for and what best meets your needs.
Conventional home loans are traditional home loans that are not backed by any agency and rely on the borrower’s credit score, ability to pay, and down payment. Traditional home loans offer the most flexibility of all home financing options and are not subject to the same restrictions, limitations, and qualifications as government-backed mortgages. Because there are less strict guidelines and qualification is based on your credit score, income, down payment, and financial history, you have more leverage in negotiating loan terms, interest rates, and payback options. Let the Delgado Team at Guaranteed Rate help you discover what you qualify for and maximize your home loan potential.
Jumbo home loans are for those non-conforming mortgage options that exceed the general standards for government-backed loans and don’t qualify to be financed by Fannie Mae or Freddie Mac. Designed for luxury or high-priced homes, jumbo loans offer you more flexibility and competitive term agreements. Because jumbo loan qualifications are based on your income, ability to pay, and credit score, there is more room for negotiation for interest rates and repayment plans. If you are looking to purchase a high-priced home in Chicago or the surrounding area, let the Delgado Team help you find the best options for your luxury home dreams.
The Illinois Housing Development Authority (IHDA) understands that the “hidden costs” of purchasing a home are often what prevent the working class from being able to fund a home. To help offset these costs, IDHA loans help by funding the down payment, closing cost, and other perks that you can use in conjunction with any other mortgage funding option. Let the state of Illinois cover your mortgage costs to purchase your Chicagoland home with a variety of options meant to meet the various needs of Illinois families.
Do you have low credit, no credit, or a less than a stellar financial history? Most mortgages have very specific qualification guidelines that often preclude those with a poor financial history. Don’t take non-qualified to mean disqualified! The Delgado Team at Guaranteed Rate is dedicated to finding options for all potential homebuyers, not just those with a superior financial status. We can help you find mortgage options that meet your needs and negotiate loan terms that allow you and your family to move into your new family home.