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Mortgage Loans

Buying or building a home is a big investment and our experienced lenders will help you every step of the way from the initial application through closing day. Whether you are a first time homebuyer or looking to build your dream home, our mortgage loan experts at Heritage Bank of Schaumburg will give you the personal service you expect from your community bank.

To obtain information about our Residential Mortgages, please contact our lending team at 847-524-4000.

Heritage Bank of Schaumburg NMLS ID: 440592

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Residential First Mortgage Weekly Rate Sheet for February 20, 2024

Conforming (Loan Amounts of $25,000 - $766,550)
LOAN PRODUCT INTEREST RATE APR* SAMPLE MONTHLY PAYMENT
30-Year Fixed Rate Mortgage 6.750% 6.833%
$1,070.19 P&I
20-Year Fixed Rate Mortgage 6.625% 6.731%
$1,242.37 P&I
15-Year Fixed Rate Mortgage 6.125%
6.250%
$1,403.53 P&I
10-Year Fixed Rate Mortgage 6.000% 6.173%
$1,831.84 P&I




Jumbo (Loan Amounts of $766,551 - $1,000,000)
LOAN PRODUCT INTEREST RATE APR** SAMPLE MONTHLY PAYMENT
30-Year Fixed Rate Mortgage 6.750% 6.812%
$4,971.84 P&I





Important Disclosures, Assumptions, and APR Information
APR = Annual Percentage Rate
*Conforming APR and Sample Monthly Payment calculations based on an estimated loan amount of $165,000. Maximum LTV of 80% (20% minimum down payment) for detached single family residences; Maximum LTV of 75% (25% minimum down payment) for condos/townhouses.
**Jumbo APR and Sample Monthly Payment calculations based on an estimated loan amount of $766,551. Maximum LTV of 75% (25% minimum down payment) detached single family residences; 70% (30% minimum down payment) for condos/townhouses.
Sample Monthly Payments shown above include principal and interest only and do not include taxes, insurance premiums, or other applicable escrows.  Actual payment obligation may be greater.
Information displayed above is accurate as of the date of the effective date and is subject to change without notice. Offer applies to owner-occupied dwellings only and is subject to credit approval. Other restrictions may apply.
Jumbo loans and other loan products available.  Please contact our lending team at 847-524-4000 for details.











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