Updated April 11, 2025

Today's Rates — Chicago Southland & NW Indiana

As a broker through Nexa Lending, I have access to multiple wholesale lenders. That means I'm shopping rates for you — not locked into one bank's product.

Rates shown are sample rates for a well-qualified borrower (740+ credit score, 20% down payment, primary residence, 30-year fixed-rate loan, Illinois) as of the week displayed. Your actual rate will vary based on credit score, loan-to-value ratio, property type, loan purpose, and market conditions. APR reflects the annual cost of credit including fees. Rates are subject to change without notice. These rates do not represent a commitment to lend. Contact Henry Jones directly for a personalized rate quote. Henry Jones | NMLS #2514797.

Conventional + Government Rates

Featured

Conventional 30-Year Fixed

Best rates for buyers with strong credit and 20% down

6.875%/ 7.012% APR

740+ credit | 20% down | Primary residence | IL

Min credit: 620

Down payment: 3% minimum

PMI required under 20% down

FHA 30-Year Fixed

Lower credit thresholds, backed by FHA

6.375%/ 7.195% APR

680 credit | 3.5% down | Primary residence | IL

Min credit: 580

Down payment: 3.5%

MIP: 0.55% annual

VA 30-Year Fixed

For eligible veterans and active duty — $0 down

6.25%/ 6.512% APR

680 credit | $0 down | Primary residence | IL

Min credit: None

Down payment: $0

No PMI

Specialty Programs — Products Most Lenders Don't Offer

Specialty Rates

DSCR Investment Property

Qualified by rental income — no personal tax returns

As low as 7.5%

APR: Varies by scenario

680+ credit | 20–25% down | Investment property

1.0–1.25x DSCR ratio

Rent roll or lease only

Bank Statement Loan

Qualify using 12–24 months of bank deposits

As low as 7.25%

APR: Varies by scenario

640+ credit | 10–20% down

Self-employed, business owners, 1099

Bank statements only

Down Payment Assistance

Grant or forgivable loan — reduces out-of-pocket to near $0

As low as 6.5%

APR: Varies by scenario

Income limits vary by county

Up to $10,000 grant

Income verification

All rates displayed are updated weekly and are provided for informational purposes only. Rates require credit approval and are subject to change without prior notice. APR shown includes estimated fees and represents the annual cost of credit. Loan assumptions: Illinois primary residence, 30-year fixed rate, conforming loan amount, no discount points unless stated. Your rate and APR will differ based on your specific credit profile, loan amount, LTV, and property type. For specialty and Non-QM programs, rate ranges are indicative only — final rate determined by full underwriting review. For a current, personalized rate quote, call 708-540-2969 or book a consultation. Henry Jones | NMLS #2514797 | Nexa Lending.

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