Larry Minutillo
Retail Lending Portfolio Manager, NMLS #503658
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!
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Know the differences so you can choose what's best for you.
Read More| Product | Rate | APR | Points |
|---|---|---|---|
30 Year Fixed Rate Terms and Conditions | 3.000% | 3.044% | 0.000 |
15 Year Fixed Rate Terms and Conditions | 2.250% | 2.329% | 0.000 |
5/6 ARM SOFR Terms and Conditions | 2.500% | 2.871% | 0.000 |
Jumbo 30 Year Fixed Terms and Conditions | 3.000% | 3.014% | 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. 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 $650,000. 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.
At a 3.000% interest rate, the APR for this loan type is 3.044%. The monthly payment schedule would be:
- 359 payments of $885.36 at an interest rate of 3.000%
- 1 payment of $884.35 at an interest rate of 3.000%
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 2.250% interest rate, the APR for this loan type is 2.329%. The monthly payment schedule would be:
- 179 payments of $1,375.68 at an interest rate of 2.250%
- 1 payment of $1,375.34 at an interest rate of 2.250%
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 2.500% initial interest rate, the APR for this loan type is 2.871%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
- 60 payments of $829.75 at an interest rate of 2.500%
- 299 payments of $877.09 at an interest rate of 3.000%
- 1 payment of $878.29 at an interest rate of 3.000%
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 3.000% interest rate, the APR for this loan type is 3.014%. The monthly payment schedule would be:
- 359 payments of $2,740.39 at an interest rate of 3.000%
- 1 payment of $2,740.76 at an interest rate of 3.000%
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.
Easiest process and Larry and team were the best to work with!
Larry was a pleasure to work with. He answered all of my questions promptly and made sure I did everything I needed to do.
He was Awesome. He helped me with refinancing my parents home. Any questions we had no matter the time or day he was there to answer them. If you’re looking to buy or refinance your home go with Larry Minutillo at First American Bank and tell him Cristina R recommend you to call him. Thank you Larry for all the help. 10 Stars
Larry help me on my refi, he did a great job. Highly recommended.
Larry was far the best contact I had for First American, every question I had, he answered, it did not matter what time or what day it was, he will answer. I loved the fact that when I will send an email to Larry he will respond within 2 hours max. I wish more people could be like him. to be honest he is the reason why I went through with the loan. every explanation was clear enough that I understood instantly. Thank you Larry for all the help. I will definitely recommend you to my friends and family.
Larry is the best-he takes care of everything from start to finish and super easy to communicate with through the loan process. We refinanced our home during the pandemic and Larry went above and beyond-to ensure that we could do a wire transfer instead of securing a cashier's check and making sure we could complete most of the refi virtually. He emailed us at 10 at night to make sure everything was ok. Thank you, Larry!
Refinancing our loved home with Larry Minutillo was such a breeze!!! Larry took the time to listen to our needs and budget, he calculated the best outcome for us and helped us understand the refinance process from start to finish!! We had many questions while filling out our application and not only was he available, but he was also patient with our questions! Best part, no surprises! All dates, lockdown rates and fees as promised. We are very blessed to have found him. My husband and I are grateful & would give him 10 stars if we could! Thank you Larry!!! Torres Family!
Larry was great to work with, he was friendly, knowledgeable and always very accessible to answer our questions throughout the process. We enjoyed working with him and would recommend his services to friends and family.
