SuperMoney
  Interfirst Mortgage
Interfirst Mortgage
in Home Mortgage Loans from Chicago Mortgage Solutions LLC · NMLS ID #7872
Unaffiliated

Interfirst Mortgage

Unaffiliated
in Home Mortgage Loans from Chicago Mortgage Solutions LLC · NMLS ID #7872
Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Interfirst Mortgage to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Loan Amount Starting at $100,000
Loan Term (Years) 10 - 30 years
Credit Score Range Starting at 620
No Origination Fee N/A

Interfirst Mortgage Review

Interfirst Mortgage is offered by Chicago Mortgage Solutions LLC (NMLS #7872), a direct lender founded in 2001 and based in Rosemont, IL. Interfirst Mortgage are available in 40 states (and Washington, DC).

Key Takeaways

  • Instant online preapprovals. Find out how much you can borrow and what your interest rate will be.
  • Only offers one mortgage pogram. Interfirst Mortgage only provides jumbo mortgages.
  • Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
  • Standard interest rates types. Interfirst Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • High maximum LTV ratio. Interfirst Mortgage has a maximum loan to value ratio of 85%, which is higher than average. Most lenders want you to have at least 20% equity.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Interfirst Mortgage.
  • Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Interfirst Mortgage.

Interfirst Mortgage Pros & Cons

Pros Cons
  • Considers applicants with fair credit.
  • Offers financing for single family, multi-family, and manufactured homes.
  • Available in 40 states.
  • Charges an origination fee.
  • Charges prepayment fees.

Interfirst Mortgage FAQ

What is the maximum loan term you can get with Interfirst Mortgage?

Interfirst Mortgage offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Chicago Mortgage Solutions LLC offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Does Interfirst Mortgage charge an application fee?

No, they don't charge an application fee. However, the cost of the loan process is most likely included elsewhere in the closing costs.

Do they charge mortgage origination fees?

Yes, Interfirst Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Interfirst Mortgage offers the following mortgage types:

  • Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($726,000 as of 2023).

What property usage types does Interfirst Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Interfirst Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for Interfirst Mortgage is (847) 999-7283.

What is the support contact email?

The support contact email for is info@interfirst.com.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

About Interfirst Mortgage

Availability

  Available in 40 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Mexico
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington, DC
  • West Virginia
  • Wisconsin

Feature Breakdown

Application Fee $0
Initial Processing Fee $0
Credit Score Range 620 -
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Other
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Maximum LTV 85%
Minimum Age 18
Minimum Down Payment Starting at 15%
Property Type
  • Single Family Home
  • Townhome
  • Multi-Family Home
  • Manufactured/Mobile Home
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
Investment
Primary Residence
Mortgage Features
  • Cash-Out Refinance
  • Instant Online Preapproval
Loan Amount Starting at $100,000
Loan Term 10 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs Jumbo

Be the first to rate

 

Would you recommend Interfirst Mortgage to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Home Mortgage Loans