Burr Ridge Mortgage Broker | Nathan Mortgage

#1 Mortgage Broker in Lakewood CO | Win The Bidding War | Nathan Mortgage
Burr Ridge, IL

The best mortgage options at lower rates.

Buying your dream home begins with finding a trusted Burr Ridge mortgage broker.

The home buying process can be tedious, and you deserve a team of mortgage brokers who are not only providing the best mortgage rates but will give you the confidence you expect when buying a home. Our team of loan originators will help you navigate every step of home financing, answer any questions, and make buying your home an easy and rewarding process.

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Burr Ridge, IL

The best mortgage options at lower rates.

Burr Ridge, IL

Burr Ridge is a quiet Chicago suburb approximately 20 miles outside downtown Chicago, IL.

Burr Ridge is a quiet Chicago suburb approximately 20 miles outside downtown Chicago, IL.

Burr Ridge is at its epicenter at the heart of a rich world of sports, nature, and culture that offers residents a suburban lifestyle away from the hustle and bustle life of the city.

Locals enjoy a multitude of activities within Cook and DuPage counties that distinguishes itself amongst the most desirable in the Chicagoland area, including:

Lakewood Shopping Center

Country Club Lifestyle

Teeing off in Burr Ridge is more than a way of life for many residents who are craving a lifestyle of unmatched indulgence and exquisite fine dining experiences at Edgewood Vally Country Club. Membership comes with its benefits in our Neighborhood Series: The Tale of Two Clubs and the Lifestyle of Burr Ridge, IL.

Ruth Lake Country Club is also a perfect home away from home that will feature a casual and fine dining experience, a state-of-the-art aquatics facility, and a year-round social event calendar.

Lakewood Parks

Burr Ridge Outdoors

Burr Ridge’s deep history and natural surroundings make it the destination for a true getaway from city life. Waterfall Glen is a prime example of why many residents are willing to plant their roots and purchase their homes in Burr Ridge. At just over 2,400 acres, Waterfall Glen is ideal for horseback riding, bicycling, hiking, and cross-country skiing. Learn more about Waterfall Glenn in our Neighborhood Series: Explore the Natural Beauty of Burr Ridge, IL.

Maple Lake is perfect for anyone looking to enjoy a day of quiet, carefree fishing and boating; with thousands of feet of shoreline, this tranquil area of Cook County is why so many homebuyers are casting their lines in Burr Ridge.

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Burr Ridge Mortgage Broker

Working With Us

  • Home Buying Experience – In a competitive market, having a team of mortgage lenders that will work side by side with your real estate agent can give you the upper hand when there is a broad range of home offers. Armed with concrete pre-approval letters and faster closing times, you will be ready to get the home you want. LEARN MORE

  • Home Loans – A wide array of mortgage lending loans are available, including FHA, VA, convention, Jumbo, Nonconforming, and USDA loans.

  • Navigate Every Step – Providing you with superior loan options for your home financing, Nathan Mortgage works diligently with every homebuyer to better understand each situation. We will present you with many opportunities to create a truly unique home loan solution, making complex financing easy to comprehend and walking you through everything from monthly mortgage payments, purchase price, and the life of the loan.

  • Young couple in new home with moving boxes holding keys and taking a selfie.

    Home Loans for 1st Time Home Buyers

    Getting the keys to your dream home could depend on finding an experienced mortgage broker who can make your home-buying process easy and rewarding. Working with a trusted, patient, and experienced mortgage lender can add to the excitement of the home-buying process. Getting your foot in the door in a hot market will require careful planning and financial consideration. Setting yourself above the competition is essential when choosing from an assortment of home loans. We’ll help you stay informed and make the best decision for your specific needs, from the initial application to the home purchase! Check out our first time home buyer page for any questions you may have as a first-time home buyer.

  • Young couple in new home with moving boxes holding measuring stick and drinking from mugs.

    Purchases

    Our mortgage lenders take the time necessary to understand each homebuyer’s goals so that we can match you with the lowest cost with the best possible loan and make sure that your offer is tailored for the best possible experience to provide a full pre-approval letter backed by the reputation of Nathan’s Mortgage. Which will get home loans closed on time, every time, and land you in a home focused on more than just the purchase price. Check out our home buying guide to learn more about the mortgage loan process.

  • Mature couple consulting at desk with Lakewood Mortgage Lender for a refiannce.

    Home Refinances

    With historically low rates, now is the time to lower your monthly payments. Nathan Mortgage can also provide cash-out for home repair projects and the consolidation of debts. You’ll be sure to pay less by refinancing your current home loan with us!

    Finding out if a Nathan Mortgage refinance option could help you reach your financial goals by

    • Reducing monthly mortgage payments
    • Consolidating debts
    • Save thousands in interest rates by moving to a short-term loan
    • Get cash out for home renovations
  • Couple business owners posing in front of floral shop with matching aprons on.

    Borrowers Who Are Self Employed

    Being self-employed comes with many challenges when obtaining a home loan, but it is possible with an experienced mortgage underwriter. Organization will be vital when presenting your finances in a way that exceeds most loan originators’ abilities. After assisting hundreds of satisfied self-employed home buyers lock in excellent mortgage rates, there’s no question why so many buyers put their faith in Nathan Mortgage.

FAQs

Burr Ridge Mortgage Frequently Asked Questions

Should I wait for interest rates to fall before I buy a home or consider a purchase refinance?

Mortgage rates are currently low. They reached an all-time low in the spring of 2021, and while they’ve climbed a bit since then, we are still near the 40-year low point. At Nathan Mortgage, a trusted mortgage professional, we will take the time to answer your questions and help you understand where rates are now, where they’ve been, and where they may head in the future. We want to make sure you have the information you need to make an educated decision. Keep in mind, you can buy now and refinance in the future should we see rates dip lower again!

How can I find out how much house I can afford?

Use our Affordability Calculator to find out. Or contact us, and a loan officer can ask you a few questions to get you prequalified, this will include the amount you are approved for, making home shopping easy.

How do I choose a mortgage lending lender?

Working with a trusted lender is important to make the home buying process smooth and fast. Look for compatibility and traits that you value, such as trust, communication, and credibility (Google is a great place to check for consistent 5-star reviews). Ask probing questions to ensure your lender is an expert home loan professional. Getting the wrong loan can affect how much home you are approved for. So it’s important to work with a lender who can get you more options and the right loan for your goals. At Nathan Mortgage, we want your loan to make sense and will take the time to ensure you have the confidence you need to begin home shopping.

What credit score do I need to qualify for a home loan?

The minimum credit score depends on the type of loan you are applying for. FHA loans, backed by HUD, require a minimum 580 mid fico score. VA Loans through the Veterans Administration can go well below 580 on a case-by-case basis. Conventional loans backed by Fannie or Freddie typically require a 620 minimum mid-fico score. Jumbo loans and loans not backed by a government agency usually have higher score requirements. The best way to learn what loan you need and what your score means in terms of your lending options is to call us and let us help you evaluate your individual loan options.

How does Nathan Mortgage work with my real estate agent to help me buy a home?

As your Burr Ridge mortgage broker, we not only work to get you the best mortgage rates but also partner with your real estate agent to give you the strongest position possible when making an offer on your dream home. If needed, we can call the listing agent and explain the benefits of your home loan and what makes your offer compelling. We put you in the best position possible to have your offer win over any others. We are known and well-liked by many agents in the Chicago area, and when they see an offer supported by a pre-approval from Nathan Mortgage, that in and of itself increases your odds of having your offer accepted. We deliver on-time closings, and that is what listing agents care about – they don’t want to see their clients impacted by an incompetent lender.

How is a Burr Ridge mortgage broker different from a big bank?

When you go to a big bank for your mortgage lending needs, you get to choose only from the products, mortgage loans, and an interest rate that are offered and sold by that one bank. Big banks also carry a lot of overhead: large buildings, multiple layers of management, advertising budgets for TV commercials, celebrity endorsements, etc. They pass those costs on to their clients through what Nathan describes as “loan bloat.” You skip those costs when you go with independent mortgage loan originators like Nathan Mortgage. Why? Because Nathan Mortgage has access to over forty different end investors who compete to fund your loan. We have pricing that leads our industry and don’t need sports stars or fancy TV commercials to gain clients. We offer better loans at better interest rates and a better mortgage price. You’re effectively shopping 40+ banks with a single phone call by calling us. We will get you the best deal you qualify for every single time. LEARN MORE

Do you provide personal loans, land loans, adjustable rate loans, or construction loans?

At this time, we don’t provide personal loans, land loans, or construction loans. We provide conventional fixed-rate loans, FHA, VA, USDA, and Jumbo loans, and loans for self-employed borrowers. We also provide reverse mortgages and some lesser-known loan types such as bank statement loans.

Can an adjustable rate mortgage help me buy more house now?

Yes, an adjustable-rate mortgage can help you buy more house now as opposed to a fixed-rate loan as it provides a lower interest rate at the beginning of the loan. An adjustable-rate mortgage is designed with a variable or adjustable rate after an initial set term(s). The interest rate will adjust within a set range according to the set terms of the loan and may result in higher monthly costs in the future as opposed to a fixed-rate loan. 98% of the loans we originate are fixed-rate loans because they often better protect our clients.

I’m ready to buy a home, but need to find a local real estate agent. When should I speak to a mortgage lender?

When you want to buy a home, it’s never too early to speak with Nathan Mortgage or your chosen Burr Ridge mortgage broker. We will give you valuable information about your home loan that can help focus your search to the right range of home prices and help you be in the best position when making an offer on your dream home. Nathan Mortgage can refer you to a realtor that can make a critical difference in your home search. When making one of the largest purchases of your life, it’s crucial to have a seasoned, skilled, and professional team on your side. We build long-lasting relationships with our preferred realtors, allowing us to work together without hiccups. That helps you close quickly, have more leverage with sellers, and communicates to potential sellers that you are equipped with a great team to help make the seller’s experience a good one.

How does the down payment affect my monthly mortgage payment?

Your down payment can affect your monthly mortgage payment in a number of different ways. A larger down payment reduces the overall amount of your loan, lowering the amount of principal and interest you must pay each month. If your down payment is 20% of the value of your new home, you will avoid paying Private Mortgage Insurance (PMI), which can also lower your monthly payment by hundreds of dollars. When it comes to mortgage lending, a larger down payment is viewed as having more “skin in the game” and thus poses a lower risk of default, allowing for a lower rate mortgage. If you have a smaller down payment, the lender may view your loan as a higher risk and give you a higher rate mortgage in response.

5.0 67 reviews

  • Avatar Abilene Lozano ★★★★★ 4 months ago
    My husband and I applied for a mortgage with Nathan Jennison. I have nothing but good things to say about our experience with him. This man knows what he's talking about. He's quick and you can tell he loves his job. He spoke … More with us for a while making sure that we understood everything, giving us examples of similar situations and made us both feel like he was a long time friend. I'll definitely be recommending him to friends and family.
  • Avatar slowandnasty ★★★★★ 4 months ago
    Nathan and his team are number 1 in my book. They are professional and quick. I called told them I was in the market for refi, explained my situation and got started the same day. If you can keep up with what they need and answering back … More on email quickly like i did! Three weeks tops. will always be a returning customer. Thank you, Nathan Mortgage
  • Avatar Mark Leach ★★★★★ a year ago
    We are very happy with our new mortgage! The process was quick, efficient and relatively painless. Everyone we dealt with was really responsive and professional. You have a great team and we will definitely recommend you to anyone we … More know who is thinking of refinancing.
  • Avatar Hanh-Nhi Baik ★★★★★ a year ago
    We felt like we were in the best hands during a crazy housing market. We found Nathan Jennison when we quickly went under contract and realized we needed a more competitive interest rate at the last minute. In addition to helping us lock … More in a lower rate, we required a quick closing date which he was able to pull off successfully. Throughout the process, he provided exemplary customer service by being immensely communicative every step of the way providing immediate updates and answering all of our questions in a quick manner. He worked tirelessly to help us close quickly at the best rate with no hiccups. We will be using Nathan again for future deals and highly recommend him and his team!

Nathan Mortgage | 1333 Burr Ridge Pkwy, Suite 200, Burr Ridge, IL 60527 |  (630) 425-4270

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Have questions about buying a home or a purchase refinanced? Contact Nathan Mortgage today, a Burr Ridge mortgage broker.

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