Given that most mortgages are 30-year fixed loans, followed by 15-year fixed loans and 30-year FHA loans, we provide a feed of today's rates for those loans. For other options, contact 800-24-RATES or get started below to set the process in motion.
Rates current as of January 27, 2020 01:06 PM
* Payment amounts shown do not include amounts for
taxes and insurance premiums, if applicable. Actual payment
obligation will be higher.
Loan Amount: $300,000Loan Purpose: Rate/Term Refinance or PurchaseDown Payment Percentage: 25%Property Type: Single Family ResidenceFICO: 780+Escrow Account Required: Yes, taxes & insuranceState: IL County: Cook
Different loans require different documents, but you will likely need the following: Last 2 years W-2's and 1040's including all schedules
If self-employed: Last two years' corporate tax returns and year-to-date profit & loss statement
Past 30 days computerized pay stubs, to include year-to-date earnings 2 months current bank and asset account statements including all pages (no screen prints)
Driver's license or state ID card
Purchase Agreement (if applicable)
Copy of Cancelled Earnest Money Check (if applicable)
If VA, copy of DD214
Be prepared to have a conversation with your Banker about your home ownership and financial goals so we can help you make the right decision about your home loan.
Apply for a prequalification from Mutual of Omaha Mortgage. This is a non-committal document, but will outline exactly what products we think are the best fit for your mortgage and your budget.
If you've decided that our loan product is the best solution for your home needs, then it is time to apply!
Call your Banker and let them know you'd like to begin the application process on your mortgage.
Be prepared to standby and wait - without a lot to do - before you hear about your approval. Your Banker may also reach out to you for any additional documentation that is unique to your situation.
If you have any questions, please do not hesitate to reach out to your Banker! Good luck!
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