First Time Home Buyer Loans

Purchasing your first home is exciting, but navigating the intricacies of the home-buying process can be harrowing. Here is where the Perl Mortgage comes in.

Going with a large commercial bank, could mean long waits, little to no response, and even being denied your loan. At Perl Mortgage, I tap into local resources, work alongside respected colleagues, and use my expertise to thoroughly explain the entire 1st time home loan process, applying transparency every step of the way.

I provide options that work for you and help explain the details of convention mortgages, home equity lines of credit, FHA loans, and VA loans--you name it. Capitalizing nearly 25 years of experience, I can provide what-if scenarios, analyze your income to debt ratio, and prepare your loan application making each step of the process transparent and understandable to minimize your stress while maximizing your opportunities.

What's more, I can help advise you on:

Buying process for 1st time home buyers

• Credit Repair
• Down Payment Assistance programs
• Estimating home value
• Minimizing monthly debt
• Avoiding mortgage insurance
• Reducing closing costs

Always striving for ongoing communication, I make myself available to answer any questions and address all concerns so that you can rest easy while securing your dream home. For more information, please contact Jim Pomposelli at 312-339-0024, or request a free pre-approval and rate quote. I am available 24/7 to answer your questions and meet your home financing needs.

Here's what some first-time homebuyers are saying about Jim on Yelp, a source of true third party testimonials.

"Jim was highly recommended by my realtor, and he lived up to my lofty expectations. Available 24/7, there were a few times he happily took calls outside of the normal "9-5"

"Jim was fantastic. Walked me through the whole process and completed everything when I was on a short deadline. Super responsive and always available. I would recommend Jim to anyone."

"Jim fielded several after hour calls and emails, and traveled to us to pick up paperwork,etc. Jim explained things thoroughly, and was patient when we felt like things weren't moving as quickly as we would have liked."

"We weren't looking to purchase a home but suddenly found ourselves with the opportunity to purchase a home at a great deal. Jim was so personal and helpful from the start to the end. He met us at our home the next day, listened to our concerns, questions, and helped us through the entire process. He responded quickly and returned calls and emails and reached out to us and kept us in the loop"

"As a first time homebuyer, I had made the mistake of applying for a mortgage with a large commercial bank. Long story short, after months of getting delayed responses (or none at all) and changing closing date three times, my partner and I decided to switch lenders. Enter Jim Pomposelli of Chicago Bancorp, who literally swooped in to rescue our dream home. He worked over Christmas weekend(!) …Jim, you are a superhero!"

"I found Jim on Yelp and ended up using him to do our mortgage for our first home. Here's why we liked him: 1) He calls back when you need something, you don't have to hunt him down. 2) He is very experienced and knows the business well and is happy to explain the tedious (but important) details at length. 3) He is present during the whole process of buying a home."

"As a first time home buyer, Jim answered all of my questions and explained every step of the process. He was also very quick to respond to my emails and phone calls…He made a difficult and painful process much better."

"My husband and I just bought our first home…The process couldn't have been smoother. Jim has a knack for explaining all of the mortgage jargon in layman's terms, which is helpful when making a big purchase for the very first time….After hearing many mortgage "horror stories" from friends who are first-time homebuyers, my husband and I feel lucky to have used Jim. Our experience was opposite of horrific - Jim helped to make the whole process fun!"

"I was given Jim's info by my real estate agent when I started looking for my first home. Jim was patient and worked with me step-by-step throughout the buying process. As it was my first home loan, I had so many questions and concerns. Jim explained everything and was so knowledgeable! He was always available to answer my questions…"