Compare VA Loan Specialists in Orland Park, IL
Directory of va loan specialists in Orland Park, Illinois. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of Illinois before hiring.
Showing 16 va loan specialists in Orland Park, IL
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What Does a VA Loan Specialist in Orland Park Cost?
VA loan specialist fees in Illinois typically range from 1 to 2 percent of the loan amount for origination and processing. The VA funding fee for first-time use is 2.15 percent of the loan amount for regular military and 2.4 percent for Reserve and National Guard. Borrowers with a service-connected disability are exempt from the funding fee. Some lenders may charge additional costs for appraisals or credit reports. 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 Orland Park Illinois?
You must meet VA service requirements such as 90 consecutive days of active service during wartime or 181 days during peacetime. Illinois residents must also provide a valid Certificate of Eligibility. The VA does not require a minimum credit score but lenders may set their own standards.
Can I use a VA loan to buy a condo in Orland Park?
Yes but the condo complex must be approved by the VA. In Illinois the property must also meet local building codes and pass a VA appraisal. Check with your specialist to confirm the complex is on the VA approved list.
Are there Illinois specific benefits for VA loan borrowers in Orland Park?
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. Your VA loan specialist can help you apply for this benefit through the Cook County Assessors office.