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Showing 2 va loan specialists in Itasca, IL
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Bright Side Loans
333 Pierce Rd # 370, Itasca, IL 60143
8887080907
Itasca Bank & Trust Co.
308 W Irving Park Rd, Itasca, IL 60143
6307730350
What Does a VA Loan Specialist in Itasca Cost?
VA loan specialist fees in Illinois typically range from 1 to 3 percent of the loan amount. The VA funding fee is 2.15 percent for first time use with zero down payment, but this fee is waived for veterans receiving VA disability compensation. Some lenders charge an origination fee of about 1 percent. Costs vary by situation and lender. 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 is a VA loan specialist in Itasca?
A VA loan specialist is a mortgage professional who focuses on loans guaranteed by the US Department of Veterans Affairs. They help you understand eligibility, gather required documents, and navigate the lending process for homes in Itasca and surrounding areas.
Do I need a certain credit score for a VA loan in Illinois?
The VA does not set a minimum credit score, but most lenders in Illinois require a score of at least 620. Some specialists can work with lower scores depending on your overall financial profile and debt to income ratio.
Are there Illinois specific benefits for VA loan borrowers?
Yes, Illinois offers a property tax exemption for veterans with a service connected disability of at least 50 percent. This exemption can reduce your annual tax bill by up to 2500 dollars for homes in Itasca.