Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Illinois before hiring.
Showing 6 va loan specialists in Sycamore, IL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Source One Mortgage Inc
207 W State St Unit B, Sycamore, IL 60178
8158995626
Old Second National Bank
1810 DeKalb Ave, Sycamore, IL 60178
8778660202
Sycamore Veterans Home Association
121 S California St, Sycamore, IL 60178
8158952931
Todd Madden Source 1 Mortgage
1430 DeKalb Ave, Sycamore, IL 60178
8153420355
Stephanie Baumbach - Old National Bank
230 W State St, Sycamore, IL 60178
8157126237
Chris Heyob - Mortgage Loan Officer
1810 DeKalb Ave, Sycamore, IL 60178
8158954498
What Does a VA Loan Specialist in Sycamore Cost?
Typical costs for a VA loan specialist in Illinois include a funding fee ranging from 1.25 percent to 3.3 percent of the loan amount depending on your down payment and service history. Closing costs in Sycamore usually total 2 to 5 percent of the home price. Some lenders may charge an origination fee of up to 1 percent. These costs vary by lender and loan type. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the eligibility requirements for a VA loan in Sycamore Illinois?
To qualify for a VA loan in Sycamore you must meet service requirements set by the VA. This typically includes 90 days of active service during wartime or 181 days during peacetime. Illinois does not impose additional state-level eligibility rules beyond federal VA standards.
Are there property condition requirements for VA loans in Illinois?
Yes, VA loans require a property to meet minimum property requirements (MPRs) for safety and livability. In Illinois, this includes having a working heating system and no lead-based paint hazards. A VA appraiser will inspect the home in Sycamore to ensure it meets these standards.
Can I use a VA loan to buy a multi-unit property in Sycamore?
Yes, you can use a VA loan to buy a multi-unit property up to four units in Sycamore, but you must occupy one of the units as your primary residence. Illinois law does not restrict this use beyond federal VA guidelines. The property must also meet standard VA MPRs.