Log In  |  Contact Us  |  Help
Types of Loans

Conventional 30 Fixed Rate Mortgage
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper.

Conventional 10 & 15 Year Fixed Rate Mortgages
This loan is fully amortized over a 10 or 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast.

FHA 30 Year Fixed Rate Mortgage
A mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for borrowers who are unable to make a large down payment. FHA loans allow the borrower to borrow up to 96.50% of the value of the home. The 3.5% down payment requirement can come from a gift or a grant, which makes FHA loans popular with first-time buyers. 
 
VA 30 Year Fixed Rate Mortgage    
A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The Department of Veterans Affairs does not originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and issue a loan guaranty to the lender.
 
VA loans offer up to 100% financing on the value of a home. To qualify for a VA loan, borrowers must present a certificate of eligibility, which establishes their record of military service, to the lender

Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)
These increasingly popular ARMS—also called 3/1, 5/1 or 7/1—can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. For example, a "5/1 loan" has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

Annual ARM
This loan has a rate that is recalculated once a year.

 

                         

Apply Now
Select a loan application:

GO

Log in
Email:
Password:
 

Todd Fisher, Sr. Loan Officer NMLS #8465
NORTH SHORE TRUST AND SAVINGS
2149 W. Roscoe Street, Chicago, IL  60618
Cell:  (312) 315-9321
Office:  (847) 599-7449
Fax:  (773) 857-1640
tfisher@northshoretrust.com
Copyright © 2017 NORTH SHORE TRUST AND SAVINGS NMLS#438265
LO NMLS #8465
Privacy Policy  | Security Statement  |  Site Map