Your Local CHICAGO Lender

Looking to Buy a Home or Refinance your current Home?
Down Payment Assistance Specialist!
Who is?
Mark A Werley
State Licenses
A Few of our Loan Options:
Purchase / New Construction
The majority of Americans still believe a 20% down payment is required to buy a home. This is simply not true. New construction is also easier than you think.
Refinance
To refinance a mortgage means to replace an existing mortgage loan with a new one. With a refinance, the principal balance of the existing loan is paid-in-full using the balance of the new loan.
Property Investor
Becoming an investor is easier than you think. With various loan types for Fix and flips based on ARV. We can finance nearly any project.
Commercial
We are not limited to only residential properties. If you want to purchase a commercial or Mixed use building. We have products for that. This also includes any building 5 units and over.
Conventional Loan
A Conventional loan is a loan that is not backed by a federal agency, but instead backed by private lenders such as Fannie Mae or Freddie Mac.
FHA Loan
An FHA Loan is a mortgage that’s insured by the Federal Housing Administration.
VA Loan
VA loans are designed specifically for veterans. VA loans should only be issued by a VA-approved lender and are guaranteed by the federal government.
Jumbo / Super Jumbo
A Jumbo & Super Jumbo loan is a loan that falls outside of the conforming loan limits.
Buying a home in 6 easy steps!
Step 1: Initial Consultation
The first contact with Mark or a member of his team via email, phone or in person, is to discuss your goals for home ownership. This first contact may cover how long you plan on living in the home, the amount of down payment you will need, and how much you want your monthly payments to be.
Step 2: Pre-Qualification - This is when you go Look for your dream home!!!
A “Pre-qualification” determines how much money you will be eligible to borrow for your home before you actually fill out your loan application. We are looking at 3 primary things. Income, credit and down payment. We will go over what the home buying process looks like and what is required. As well as going over any issues that may prevent you from buying.
*A pre-qualification is not an approval of credit and does not signify that underwriting requirements have been met.
Step 3: Processing - This is when you have a fully executed Contract on your dream home!
When you have completed a loan application, we will collect all your required documents and submits your loan file to our loan processor. The processor then reviews your file and orders your property appraisal. Once your loan file is completed, the processor will then submit it to Geneva Financial Team underwriting for approval.
Step 4: Underwriting - Getting to a CTC! (Clear to Close!)
Our Geneva Financial Team underwriter reviews your loan file to ensure all guidelines are met for the specific loan program and issues a loan decision. Once your mortgage has been approved and all conditions have been cleared, your loan is now in the “Clear to Close” status. These are the magical words everybody loves to hear!
Step 5: Pre-Closing
You will receive a final closing disclosure during this process that we will review with you and go over all fee’s. This way at the closing table there are no surprises. Final balancing with the title company are taken care of and closing is scheduled through the attorneys.
Step 6: Closing Day!
The time is here! During closing, you will be required to sign a variety of final documents. Make sure you bring a photo ID (Drivers License or Passport) along with the proper form of payment to cover your down payment, closing costs, prepaid interest, taxes, insurance or any additional costs. When the closing documents are completed and all funds have been disbursed by the title company, you will receive the keys to your new home!
Homebuyers Guide
FREE CHECKLISTS
DO's & DON'TS
HOMEOWNERSHIP BENEFITS
Our Vision
Do I need to have a house picked out first?
No! That’s a common misconception that you need to have a house selected first. We actually recommend for you to figure out how much you can purchase then select a home prior to home shopping. If you contact us and we can help you get pre-qualified at no cost to you.
Do I need to put 20% as a down payment?
No! We have many programs that can do less than 20%. Some of our mortgage finance programs allow for 3% to 4% down payment. If you would like to know your additional options, please contact us today!
What is a VA Home Loan (Mortgage)
VA loans are designed specifically for veterans. VA loans should only be issued by a VA-approved lender and are guaranteed by the federal government.
Do I need to have an excellent credit score to purchase or refinance?
NO. There are multiple national and state down payment assistance programs with credit score requirements as low as 620 and some income maximums nearing $90k
Full Mortgage FAQ