in Home Purchase Mortgages from Wintrust MortgageUnaffiliated
in Home Purchase Mortgages from Wintrust Mortgage
Strongly not recommended
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|Community Rating||Strongly not recommended|
|Loan Amount||Up to $6,000,000|
|Loan Term||N/A years|
Wintrust Mortgage Review
Where does Wintrust Mortgage do business?
Wintrust Mortgage is a direct lender based in Rosemont, IL. The company was founded in 1981 and offers mortgages to borrowers in 50 states (and Washington, DC).
How much can you borrow via Wintrust Mortgage?
Wintrust Mortgage allows borrowers to apply for loan amounts of up to $6,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
Does Wintrust Mortgage charge a mortgage origination fee?
Yes, Wintrust Mortgage may charge a loan origination fee.
What mortgage programs does Wintrust Mortgage offer?
Wintrust Mortgage offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Wintrust Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Wintrust Mortgage allows the following property usage types:
- Primary home
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia