Prime Rate Lending

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Get a Prime Rate
on your New Mortgage
Call or Text (847) 500-9000

Mortgage Broker with access to 270+ lenders, nearly every type of mortgage product available.

What we offer

Fast and Easy
Secure Application
Quality Service
Options right for you

Mortgage Rates

Rates last updated on 4/09/2025

Conventional 30 Year Fixed
Interest Rate Origination Fees Disc. Points APR
7.125% 0.000% 0.000% 7.228% Apply Now
Conventional 15 Year Fixed
Interest Rate Origination Fees Disc. Points APR
6.250% 0.000% 0.000% 6.343% Apply Now
FHA 30 Year Fixed
Interest Rate Origination Fees Disc. Points APR
6.375% 0.000% 0.000% 6.627% Apply Now
Jumbo 30 Year Fixed
Interest Rate Origination Fees Disc. Points APR
6.875% 0.000% 0.000% 6.884% Apply Now
VA 30 Year Fixed
Interest Rate Origination Fees Disc. Points APR
6.375% 0.000% 0.000% 6.414% Apply Now
USDA 30 Year Fixed
Interest Rate Origination Fees Disc. Points APR
6.375% 0.000% 0.000% 6.430% Apply Now

Conventional rates are based on a $300,000 purchase price, 780+ credit score, and 5% down payment.
FHA rates are based on a $300,000 purchase price, 780+ credit score, and 3.5% down payment.
Jumbo rates are based on a $1,500,000 purchase price, 780+ credit score, and 20% down payment.
VA rates are based on a $300,000 purchase price, 780+ credit score, and 0% down payment.
USDA rates are based on a $300,000 purchase price, 780+ credit score, and 0% down payment.

Conventional Loans Conventional Loans

Ask about Conventional Loans with no PMI even with less than 20% down.

 Down Payment Assistance

DPA options available for both Conventional and FHA loans. Available for all income levels.

 Chess pieces Cash-Out Refinance

Cash-Out Refinances available up to 90% LTV.

 First Time Home Buyer Grants

Closing cost grants available with qualifying income level.

 Flexible Mortgage Terms

Mortgage terms available anywhere from 8 years to 30 years.

 Fast Closing Options

Fast closing times if needed, as quick as under two weeks.

REFINANCE LOANS

Refinancing a home mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn't your mortgage? Now might be the right time for you to refinance into a lower rate mortgage?

DSCR Loans

A flexible financing loan for real estate investors based on the income and expenses of a rental property.

Non-QM Loans

Offer flexible lending options outside of traditional guidelines for borrowers who may not qualify for conventional mortgages.

Contact

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847-500-9000

About us

 

At Prime Rate Lending, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you and your family from the many mortgage options that are available today. After you select the loan that is best for you, we will work continuously on your behalf to help you achieve your dream of homeownership.