Juan F. Lopez
Mortgage Lender, NMLS #190679
How can I help you achieve your home-buying goals?
As your trusted First American Bank mortgage 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!
I have worked in real estate in Chicagoland for over 20 years. I consider myself a true Chicagoan because I grew up in Chicago and went to school locally at DePaul University, where I received my bachelor's degree in finance. My education and mortgage experience has helped grow my entrepreneurship status. I opened Network Mortgage and, after 22 successful years, decided it was time to focus more on helping consumers. To me, customer service should never be compromised. Providing unparalleled customer service is at the root of my values. My desire to build and maintain strong relationships with my customers is my number one priority.
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| Product | Rate | APR |
|---|---|---|
Home Equity Line of Credit Terms and Conditions | 7.750% | 7.750% |
Not available for investment properties or properties located in Texas, New York, Alaska, or Hawaii- 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 the month. 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 - $75 annual fee thereafter. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood hazard insurance may be required. 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 when prohibited by state law. Offer is subject to normal credit qualifications.
*UP TO $2,500 IN CLOSING COST CREDIT: Third party fees and charges ranging from $500 to $3,100 may be assessed for HELOCs under $250,000 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 up to $2,500 of the Third Party Fees and Charges associated with closing on your HELOC, including, but not limited to, appraisal, title, flood, credit report, stamp & tax, 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 may 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 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: $612.00
Annual Fee: $75.00
| Product | Rate | APR | Points |
|---|---|---|---|
30 Year Fixed Rate Terms and Conditions | 6.500% | 6.631% | 0.000 |
15 Year Fixed Rate Terms and Conditions | 6.000% | 6.211% | 0.000 |
5/6 ARM SOFR Terms and Conditions | 6.750% | 7.500% | 1.000 |
Federal VA 30 Year Fixed Rate Terms and Conditions | 6.250% | 6.567% | 0.000 |
Subject to credit approval. Standard rates apply. Title fees, as part of the closing costs, will vary by county.
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. Not available on collateral properties located in Texas, New York, Alaska, and Hawaii. 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 6.500% interest rate, the APR for this loan type is 6.631%. The monthly payment schedule would be:
- 359 payments of $1,327.33 at an interest rate of 6.500%
- 1 payment of $1,327.05 at an interest rate of 6.500%
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 6.000% interest rate, the APR for this loan type is 6.211%. The monthly payment schedule would be:
- 179 payments of $1,772.09 at an interest rate of 6.000%
- 1 payment of $1,771.70 at an interest rate of 6.000%
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 6.750% initial interest rate, the APR for this loan type is 7.500%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
- 60 payments of $1,362.06 at an interest rate of 6.750%
- 299 payments of $1,472.90 at an interest rate of 7.625%
- 1 payment of $1,474.25 at an interest rate of 7.625%
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 6.250% interest rate, the APR for this loan type is 6.567%. The monthly payment schedule would be:
- 359 payments of $1,090.97 at an interest rate of 6.250%
- 1 payment of $1,091.20 at an interest rate of 6.250%
The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
Experienced and very professional I highly recommend Mr. Lopez and American First
Highly recommended! Juan has been an incredible help to us over the years, since before his time at First Am Bank. From purchasing our first home to multiple refinancing efforts, and most recently, guiding us through the process of acquiring an investment property, he’s been there every step of the way. He even went above and beyond by helping us negotiate a better offer than our real estate agent could. His expertise and dedication have made each experience smooth and stress-free. We couldn't be happier with his service and wouldn't hesitate to work with him again in the future!
Juan is the absolute best to work with!
5Stars! Working with Juan was a great experience. He loves what he does and it shows with the attention & commitment he provides to his customers. Buying a home can be so stressful, however he takes the stress out of it! Crossing all his T ‘s & dotting all his i’s making it as easy as possible. He does all the work and you feel comfortable that everything is all taken care of. He answers all of your questions making you feel comfortable about your decision with the wealth of knowledge he provides. My husband and I have worked w/ Juan in buying our home (2 homes!) and refinancing and we will 100% chose him and recommend him 100 more times!
My husband and I have had the pleasure of working with Juan on multiple mortgage situations. Juan is one of the most professional, personable and knowledgable people you will come across in the industry. He is always available to answer any questions and his quick response helps put you at ease during a sometimes stressful situation. Finding trusted and qualified people is tough in the business and we know working with Juan we will always be in good hands.
