Rimmy Dunlop
Mortgage Loan Officer, NMLS #1589786
How can I help you achieve your home-buying goals?
As your trusted First American Bank loan officer in Chicago, Illinois, my mission is to provide you with exceptional customer service. I will walk you through every step of the home loan process and support you from mortgage prequalification to pre-approval, all the way through your closing date. As a partner with you in the home financing process, I will provide you with a variety of mortgage lending programs to meet your individual needs, whether you are seeking a fixed-rate or adjustable-rate mortgage (ARM). I am committed to keeping you informed throughout the mortgage loan process, and am here to answer questions, explain options and eliminate hassles and worry along the way. Whether you are a first-time home buyer or seasoned buyer, you can trust me and my team with all of your home financing needs.
Don’t hesitate to reach out using the direct contact information located on this page. I appreciate your business and look forward to working with you!
More than 20 years of experience in sales, customer service and hospitality has shaped my career of helping others with their financing needs, specifically home ownership. I currently live in Oak Park with my wife and three children where, as a family, we are very active in the community and surrounding areas. Since 2007 I have been a member of the Professional Golfers' Association of America, playing around the country as well as internationally in places such as Scotland. When I am not playing, I also teach the sport.
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Special introductory variable rate for 12 months at Prime – 0.50%
5.00% APR
After that, variable rates are as low as
5.50% APR1
Hurry, offer ends September 30, 2022!
When you sign up for automatic payments and eStatements2. Offer ends October 31, 2022!
Apply now using the link above!
| Product | Rate | APR |
|---|---|---|
Home Equity Line of Credit Terms and Conditions | 5.500% | 5.500% |
1Offer valid 7/1/22-9/30/22. Loan must close by 11/30/22. Available only to new Home Equity Line of Credit (HELOC) customers and current HELOC customers whose loan matures within one year from the date of application. Available only on collateral properties located in (i) Illinois (excluding Kankakee County. Please see a banker for rates applicable to Kankakee County, Illinois), (ii) Porter and Lake counties in Indiana, and (iii) Kenosha, Walworth, Milwaukee, and Racine counties in Wisconsin. Not available for investment properties. 75% loan-to-value (70% for condos), or less. Prime – 0.50% during the twelve-month introductory period. Thereafter, the Annual Percentage Rate (APR) is a variable rate based on the highest Prime Rate published in the Money Rates section of The Wall Street Journal on the first business day of each month. Based on the 8/1/22 Prime Rate of 5.50%, the following rates would apply: 5.00% APR during the twelve-month introductory period. Thereafter, 5.50% APR for HELOC $100,000 or more; 5.74% APR for HELOC $50,000 to $99,999; 6.24% APR for HELOC $25,000 to $49,999; and 6.49% APR for HELOC $5,001 to $24,999. Rates subject to change at any time. The maximum APR is 18%. Monthly payments of interest only will result in a balloon payment. No annual fee for the first year - $60 annual fee thereafter. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood hazard insurance may be required. Some restrictions may apply. An Early Cancellation Fee of 2.00% of the credit limit, or $500, whichever is less, will apply if the loan is closed within the first 36 months. An Early Cancellation Fee is not applicable in Wisconsin, or when prohibited by state law. Offer is subject to normal credit qualifications.
*NO CLOSING COST OPTION: Third Party Fees and Charges ranging from $350 to $1,000 may be assessed at closing. If at the time of closing you set up an Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH) to make the monthly payment on your HELOC and within the first statement cycle elect electronic statements, we will pay the Third Party Fees and Charges associated with closing on your HELOC, including, but not limited to, appraisal, title, flood, credit report and recording fees (Third Party Fees and Charges). If at any time during the term of your HELOC you fail to maintain the AFT or ACH or an electronic statement, you agree to repay the Third Party Fees and Charges that we previously paid which will be added to the outstanding balance of your HELOC. If at the time of closing you do not set up an AFT or ACH to make the monthly payment on your HELOC, then you agree to pay the Third Party Fees and Charges at closing. Not available for investment properties or loans that fall outside our standard product, rate, term and underwriting guidelines.
Payment: Your Regular Payment will equal the amount of your accrued Finance Charges. Term: The draw period will extend to the first day of the month following execution of the loan documents plus ten (10) years.
Balance Due at End of Loan Term: Closing Fees: $503.00
Annual Fee: $60.00
| Product | Rate | APR | Points |
|---|---|---|---|
30 Year Fixed Rate Terms and Conditions | 5.625% | 5.676% | 0.000 |
15 Year Fixed Rate Terms and Conditions | 5.000% | 5.085% | 0.000 |
5/6 ARM SOFR Terms and Conditions | 5.000% | 5.038% | 0.750 |
Jumbo 30 Year Fixed Terms and Conditions | 6.250% | 6.264% | 0.000 |
Federal VA 30 Year Fixed Rate Terms and Conditions | 5.250% | 5.310% | 0.000 |
Subject to credit approval. Standard rates apply. Title fees, as part of the closing costs, will vary by county. 2$750 off your closing costs valid on first mortgage applications and prequalifications received between 8/1/22-10/31/22. Loan must close by 1/31/23. Only available on 1-4 family home. Only applies to fixed rate Conventional, Jumbo, FHA, USDA, or VA loans. Not available for collateral properties located in Texas, Alaska, or Hawaii. Prior to closing you must set up an Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH) to make the monthly payment on your loan, and within the first statement cycle you must elect electronic statements (requirement only applies to Conventional and Jumbo loans). Closing costs include only those fees and charges required by First American Bank as a condition of obtaining a loan. Title fees, as part of the closing costs, will vary by county. May not be combined with other promotions. Please see a banker for details.
Rates are subject to change at any time without notice. Rates and terms are not guaranteed until application is completed and rate is locked by a First American Bank mortgage loan representative. Rates and programs are subject to limitations. Call for program availability. All programs are fully amortized loans that require monthly payments of principal, interest, and any required escrow payments for the term of the loan. The above payments do not include amounts for taxes and insurance premiums. Therefore, the actual payment obligation will be greater. The exact monthly payment of a loan will vary depending on the term of the loan, the amount and the Annual Percentage Rate (APR) at the time of loan approval. APRs will vary due to the cost of PMI (if necessary), title company fees, loan points based on your credit score and actual loan amounts. Available loan amounts range from $30,000 to $2,000,000. Please call for rate information on loan amounts not shown in the table.
Conventional Loan APRs: We assume a 25% down payment with no Private Mortgage Insurance (PMI) and based on payment for the full term.
Jumbo Loan APRs: We assume a 30% down payment with no Private Mortgage Insurance (PMI) and based on payment for the full term.
Adjustable Rate Mortgage (ARM) Loan APRs: Amortized for 30 years. The APRs shown are for the initial period and may increase after closing due to the movements of the interest rate index during the rate adjustment periods. Call for information regarding rate adjustment caps and margins.
At a 5.625% interest rate, the APR for this loan type is 5.676%. The monthly payment schedule would be:
- 359 payments of $1,208.87 at an interest rate of 5.625%
- 1 payment of $1,207.05 at an interest rate of 5.625%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
At a 5.000% interest rate, the APR for this loan type is 5.085%. The monthly payment schedule would be:
- 179 payments of $1,660.67 at an interest rate of 5.000%
- 1 payment of $1,659.97 at an interest rate of 5.000%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
At a 5.000% initial interest rate, the APR for this loan type is 5.038%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
- 60 payments of $1,127.33 at an interest rate of 5.000%
- 299 payments of $1,113.32 at an interest rate of 4.875%
- 1 payment of $1,114.64 at an interest rate of 4.875%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
At a 6.250% interest rate, the APR for this loan type is 6.264%. The monthly payment schedule would be:
- 359 payments of $4,925.74 at an interest rate of 6.250%
- 1 payment of $4,924.79 at an interest rate of 6.250%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
At a 5.250% interest rate, the APR for this loan type is 5.310%. The monthly payment schedule would be:
- 359 payments of $971.18 at an interest rate of 5.250%
- 1 payment of $970.24 at an interest rate of 5.250%
The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Rimmy has been so wonderful to work with. He has been very patient, understanding and personable during this process of securing a loan. Thus far, he has gone above and beyond! A true professional!
I don't move frequently, and when I have, I've often felt overwhelmed and out of my depth with the terms and numbers involved in financing. Rimmy Dunlop was recommended by my real estate agent, and I couldn't have been in better hands. Rimmy is responsive, pleasant and patient: he took time to explain things until I got it (even a couple of times when it was pretty clearly not super convenient for him). Consequently, this was a seamless and hassle-free experience for me. I'm happy to have a mortgage with First American, and the process started with Rimmy Dunlop. Have an initial consultation with him, and you'll see what I mean.
RIMMY is the best! He helped my wife and I get our dream home. His professionalism and knowledge of the market is second to none! I just wish I needed a second home and I would use RIMMY again!
Rimmy was such a pleasure to work with. He was so knowledgeable, helpful and patient in explaining the whole process of buying our second home. I would definitely use him again and highly recommend him.
Rimmy was amazingly easy to work with and eased the stress of getting a mortgage! He was very communicative throughout the entire process and was able to answer all our questions. We had a great experience with him!
Rimmy was excellent and v thoughtful and helpful through the whole process. I shopped around of course I did and found a lower rate in another state which Rimmy was able to match. He was also a pleasure to work with! I highly recommend using him!
