Hello and thank you for stopping by. My name is Peter Thompson and I've been a mortgage professional since 1992. With over 16 years of experience I have helped well over a thousand families and individuals buy their own homes and take control of their financial future. I've seen a lot of changes in the time I've been in this business - in fact the mortgage industry has come just about full circle. When I first started out FHA was one of the best options for first time home buyers and any one who wanted a loan had to go through a full underwriting process where we verified all their income assets and made sure they were able to afford the new loan payment. Over the years credit scoring became the biggest factor in loan approval, verifications became an option and FHA virtually disappeared here in the Chicago area. Now we are back where we started. Mortgage guidelines have tightened and FHA is one of the best options not just for first time home buyers but for many buyers who could buy with a conventional loan. In this new lending environment, having an experienced loan officer who knows how to structure your transaction can mean the difference between closing on time, and not closing at all.

I know that the mortgage process can be stressful and intimidating. My approach is to stress education and communication. Understanding how the mortgage process works and what options are available gives you the information you need to make the decision that is best for you. I look at my blog, Chicago Mortgage Rates as an extension of my business, another way to educate and communicate. I've also put together a free guide - First Time Home Buyers Loan  - which lets you know what to expect throughout the entire home buying and mortgage process. Using the information in this guide is guaranteed to save you money. When speaking with potential clients, I take the time to go into depth on their financial situation and long and short term goals. This way I can make sure that I suggest the financing option that will fit best both for now and in the future.

I work for one of the largest and most respected mortgage bankers in the Chicago area. We work with over 70 correspondent lenders so we have access to the most programs and best mortgage pricing. We offer a wide variety of loan programs including below market rate first time home buyer bond programs. We process, underwrite and fund the loans ourselves. Our fees are low, our interest rates are always competitive and the service will knock your socks off.

I live and work in Dupage County, just west of Chicago and in the heart of the Chicago Suburbs. The bulk of my business is done right here in Chicago, the Chicago suburbs and throughout Northern Illinois. I think there is something to be said for being the local expert, knowing the communities and understanding the local quirks. Being close by I also have a chance to provide personal service so I'm not just a voice over the telephone.

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