MORTGAGE SQUARE INC

Mortgage Broker serving Chicago, IL

About MORTGAGE SQUARE INC

Mortgage Square, Inc. is an established direct mortgage lender based in Niles, Illinois, dedicated to assisting individuals and businesses with their financing needs. With a strong commitment to customer service, the company leverages its expertise in the residential and commercial lending industries to provide a comprehensive suite of loan programs.

They offer a wide array of home loan solutions, including conventional, FHA, VA, USDA, Jumbo, Reverse Mortgage, Non-QM, and Foreign National loans, catering to diverse borrower profiles and property types. Mortgage Square, Inc. also provides specialized financing options such as DSCR loans for investment properties and construction loans for both residential and commercial projects, demonstrating their versatility in the market.

Through accessible online application processes and useful mortgage calculators, Mortgage Square, Inc. aims to simplify the lending journey for its clients. As a licensed entity under the Illinois Residential Mortgage Lending Act, the company emphasizes a personalized approach to help borrowers navigate the complexities of securing homeownership or commercial property financing.

Company Information

Lender Type: Direct Lender
Headquarters: Niles, IL

Licensed In

IL

Certifications & Credentials

FHA ApprovedVA ApprovedUSDA Approved

Digital Capabilities

Online Application
Rate Calculator

Home Loan Products

Conventional Loans

Loan Types:
ConventionalRefinance
Rate Types:
Fixed Rate
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Investment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Special Programs:
Low Down Payment Program
Available Terms:
10 years15 years30 years40 years

FHA Loans

Loan Types:
FHARefinance
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary Residence
Special Programs:
First-Time HomebuyerLow Down Payment Program
Credit Tiers:
Fair (620-679)Poor (580-619)

VA Loans

Loan Types:
VARefinance
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary Residence
Special Programs:
Veteran Program
0

USDA Loans

Loan Types:
USDARefinance
Property Types:
Single-Family HomeManufactured/Mobile Home
Occupancy Types:
Primary Residence
Special Programs:
Low Down Payment Program
0

Jumbo Loans

Loan Types:
Jumbo
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Investment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Credit Tiers:
Excellent (740+)

Reverse Mortgage Loans

Loan Types:
Reverse Mortgage
Property Types:
Single-Family HomeCondoTownhouse
Occupancy Types:
Primary Residence
Employment Types:
Retired

Non-QM Loans

Loan Types:
Non-QM
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Investment Property
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
Self-EmployedBusiness Owner
Income Verification:
Bank StatementNo Income VerificationStated Income
Special Programs:
Self-Employed ProgramBank Statement Program
Credit Tiers:
Fair (620-679)Poor (580-619)

Refinance Loans

Loan Types:
RefinanceCash-Out Refinance
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Investment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property

Foreign National Loans

Loan Types:
Non-QMConventional
Property Types:
Single-Family HomeCondoTownhouseInvestment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
Investor
Special Programs:
Foreign National ProgramNon-Resident Alien Program

Construction Loans (Residential)

Loan Types:
Construction
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Special Programs:
Renovation Loan

DSCR Loans (Residential Investment)

Loan Types:
DSCRNon-QMPortfolio
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Investment Property
Occupancy Types:
Investment Property
Employment Types:
InvestorBusiness Owner
Income Verification:
No Income Verification

Commercial Loan Products

Commercial Loans

Loan Types:
Conventional CRECommercial ConstructionBusiness AcquisitionCommercial Refinance
Property Types:
Multifamily (5+ units)OfficeRetailIndustrial/WarehouseHospitalityLandMixed-UseSelf-StorageHealthcareManufacturing

DSCR Loans (Commercial Real Estate)

Loan Types:
Conventional CREBridge LoanHard Money LoanCommercial Refinance
Property Types:
Multifamily (5+ units)OfficeRetailIndustrial/WarehouseHospitalityLandMixed-UseSelf-StorageHealthcareManufacturing

Construction Loans (Commercial)

Loan Types:
Commercial Construction
Property Types:
Multifamily (5+ units)OfficeRetailIndustrial/WarehouseHospitalityLandMixed-UseSelf-StorageHealthcareManufacturing

Contact Information

Fax: 773-777-9815

Professional Licenses

NMLS ID: 226027
4406 N Milwaukee Ave
Chicago, IL 60630
US
Mailing Address:
8047 N. Milwaukee Ave Niles, IL 60714

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Business Information

Category: Mortgage Broker
Location: Chicago, IL
Status: Standard
Type: Direct Lender
NMLS ID: 226027
Profile Views: 1

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