Current VA loan rates—Chicago, Illinois

Yes, the rates displayed are based on current market conditions and the information you provide, such as your credit score and loan details. While they offer a close estimate, your final rate may vary based on additional factors during the application process.

The calculator provides real-time estimates, but rates can fluctuate due to market changes. You'll need to lock in a specific rate during the loan application process to secure it.

Yes, the calculator provides an estimate based on current information. Actual rates can change due to market conditions or changes in your financial profile until a rate lock is in place.

Yes. Factors like a higher credit score,  larger down payment, changing your income, or choosing a shorter loan term can qualify you for lower rates.

Talk to a mortgage expert at NewCastle Home Loans.  We can provide the lowest rate, payment, and out-of-pocket cost for your home purchase. 

Working with Chicago-based NewCastle Home Loans gives  veterans three key advantages:

1) Lower rates: Big banks and online lenders have a lot of overhead. Those costs show up in higher rates and fees. We always beat their rates, saving thousands over the life of the loan. 

2) Local VA expertise: We understand local rules that national lenders overlook. This means we spot issues early, keeping your deal on track.

3) Better service: You can rely on our team of local VA loan experts to guide you along the path to homeownership, making sure everything goes smoothly.

You can lock in your mortgage interest rate after finding a home, making an offer to buy it, and signing a sales contract.

We recommend locking the interest rate soon after you're under contract.  Then, you have all the information the lender needs to complete your application and secure the interest rate, such as the property address, purchase price, loan amount, and closing date. 

Applying for a VA loan with NewCastle Home Loans is a straightforward process designed to get you pre-approved quickly and confidently. Here's how to get started:

Step 1: Start Your Application. You can start your VA loan application online at NewCastle Home Loans. It takes about 15 minutes to complete. You can also  schedule a time to talk  with a VA loan expert for personalized assistance.

Step 2: Provide Your Information.  Provide information about your credit, employment, income, and the home you'd like to purchase. 

Step 3: Obtain Your Certificate of Eligibility (COE).  We will request your COE from the VA. This step verifies your service history and entitlement benefits.