Plan
Discuss options with your Loan Officer and choose the right loan.
It's Easier Than You Think And We Will Guide You Through the Process
Apply
Your Loan Officer will walk you through the steps to apply.
Qualify
We review your financial information and determine if you qualifty for your mortgage.
Close
Review all of your final documents then sign and celebrate!
About Us First Centennial Mortgage At A Glance
Our mission is to deliver excellent service and provide you with an extraordinary experience. At Capital Financial Group, a Division of First Centennial Mortgage, we believe the home purchase and finance process should be exciting, enjoyable and exceptional in every sense. In business since 1995, brothers Steven and David McCormick have grown their mortgage firm from a simple mortgage brokerage to a multi-office mortgage banking powerhouse currently licensed to do business in 14 states.
First Centennial Mortgage has received numerous awards, including being named one of the Top 100 Mortgage Companies the last eight years by Mortgage Executive Magazine, and ranked a Fastest Growing Company in America two years in a row by Inc 5000.
Today, First Centennial Mortgage is one of the most respected and referred lenders in the communities which we serve; both by real estate professionals and clients we work with.
Core Values
SERVICE
Amazing Borrower Experience
PASSION
Urgency, Energy & Enthusiasm
Types of LoansWhich type is right for you?
Capital Financial Group, a Division of First Centennial Mortgage, offers a full menu of loan products. Whether you are buying your first home, moving up to a nicer home, relocating or want to refinance your current home mortgage, we have a loan that will fit your needs. To get started, contact us online or call 866.FUND789 to get in touch with a Loan Officer.
Fixed-rate home loans are the most common type of home loan in the mortgage industry. This option is low-risk and gives you predictable monthly principal and interest (P&I) payments for the next 15 or 30 years, depending on which loan term you choose. Fixed-rate loans are reliable for long-term owners ready to settle in one place for a long period of time.
An adjustable rate mortgage (ARM) is ideal for borrowers who plan to move within five years. ARMs take advantage of a low “introductory” interest rate so the loan stays at the same rate typically for 5, 7 or 10 years. Once the introductory period expires, the interest rate changes with the movement of an “index” (major interest rate). Following this movement, the amount of monthly interest either increases or decreases.
Conventional home loans are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Conventional loans are idea for people with a stable job, income and good credit. Conventional home loans are more flexible in their terms and have fewer restrictions compared to government-backed products.
Federal Housing Authority (FHA) loans are government assured and are ideal for people with limited income or money for a down payment. These loans typically help first-time homebuyers, seniors or others with limits on what they can afford.
Jumbo home loans are considered non-conforming mortgages. They are for purchases with a loan value above the federal standard of $453,100, although that number varies based on location. For a home with a purchase price above this limit, a jumbo loan is needed.
Veterans Affairs (VA) home loans are a great benefit to military personnel during and after their service. These loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs.
Resources
Calculate Your Loan
Need a few moments to crunch some numbers? Our easy-to-use calculator will help you get a basic visual of a mortgage payment to help you decide what you can afford.
Monthly Payment
(Principal + Interest Only)
$983.88
Total Interest Payable
$154,196.72
Total of Payments
(Principal + Interest Only)
$354,196.72
Monthly payment shown consists of principal and interest only. Examples entered are hypothetical and for illustrative purposes only. Any calculations assume the theoretical borrower will have excellent credit and are based on information entered. Any amount calculated is an estimate only. The actual amount may be higher or lower depending on location, loan type, and many other determining factors. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. This information was prepared by an independent third party, and accuracy is not guaranteed. Please consult with your Mortgage Loan Officer or seek personalized advice from qualified professionals regarding all financial issues and needs.
Contact Us
Have any questions about the mortgage process? We're here to help you every step of the way. Simply fill out our contact form and we will get back to you as soon as possible.
1699 E Woodfield Road, Ste. 450
Schaumburg, IL 60173