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Allsteel Credit Union has partnered with Great Northern Financial Corporation to provide you with competitive mortgage rates. Our partners at Great Northern will be at your side every step of the way. For an application, call them at 847-290-1100. Tell them you are a member of Allsteel Credit Union and you will be directed to an appropriate loan officer. Or contact us at 630-906-2050 or 800-467-3162.
Basic Loan Terms
- Minimum credit score 550
- Minimum loan $50,000
- Conforming loans*
1 unit up to $359,650
2 unit up to $460,400
3 unit up to $556,500
4 unit up to $691,600
Loans greater than conforming are considered jumbo mortgages**
- Cash-out refinance
70%-80% LTV add .125% to rate
80%-90% LTV add .25% to rate
Escrow waiver fee .25% points or add .125% to rate
LTV = Loan-to-Value
First Mortgage Loans On All Types Of Properties
- 1-4 units investment property
- Owner occupied property
- Non-owner occupied property
- Second/vacation homes
- Town homes
- Condominiums
Many different types of programs
- First time home buyers programs
- Flexible terms 10, 15, 20, and 30 year loans
- ARMs and balloons
- Interest-only programs
- Alternative loans (credit problems)
- FHA
- Jumbo loans
- Competitive rates for credit union members
- Bi-lingual services available
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| *Conforming loan programs Loan amounts $359,650 or under. Posted conforming loan rates are based on $200,000 loan amount, 30 Day rate lock and properties located in the state of Illinois. Please call for rates in other states.
**Jumbo loan programs Loan amounts over $359,650. Posted jumbo loan rates are based on $400,000 loan amount, 30 Day rate lock and properties located in the state of Illinois. Please call for rates in other states. The interest rates and points are subject to change without notice. Due to market volatility, Please call for current rates.
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