YOUR MORTGAGE is a click away
847.997.9388
847.997.9388 
630.757.4191
our core values
Growth Mindset
Transparent
Above and Beyond
Process Driven
Compassionate
Humble
Integrity
Loyal
Nimble
Hello, my name is Richard A. Chafetz. For over 15 years I have been helping my clients obtain the best mortgage possible when purchasing a new home or refinancing their current home. I’m willing to take the time and explain everything you need to know clearly and concisely. We will review your short- and long-term financial goals to help you through one of the biggest financial decisions you will make. My team and I are dedicated to making the home buying process as smooth and hassle-free as possible. We vow quick and efficient communication to our clients and referral partners to go above and beyond service standards. We offer many different mortgage loan programs including FHA, VA, Conventional, Jumbo, and USDA. We also offer first-time homebuyers mortgage loans with down payment assistance up to $7000 (must meet qualification requirements). We run all operations in house and our knowledgeable and experienced team can solve issues and get answers in a matter of minutes. By constantly updating our loan programs and pricing based on market patterns we can ensure that we deliver extremely competitive rates combined with optimal mortgage structuring. When I’m not helping my clients buy homes, I enjoy spending time with my family, listening to live music, and rooting on the Chicago sports teams. I am available from 9:00 AM to 9:00 PM seven days a week, please feel free to call me within those hours with any questions or concerns. My cell number is 847-997-9388.
Here's how we do things
Apply Online
Pre-Approved
Search
to Processing
Our five-step mortgage process starts by applying online and getting pre-approved within 24 hours. This will require you to provide us some basic financial and personal information. We will take that information and get back to you with a pre-approval letter.
Getting pre-approved determines how much we are willing to lend, allowing you to shop for homes with confidence. Sellers will take your offer more seriously when you have a pre-approval from a lender. With this complete, you can now start your home search.
Finding the right home takes time, there are many things you need to look for and work out with the sellers. Once you find the home you would like to purchase, make and offer, and come to an agreement with the seller, we will submit your loan to our processing team.
This may seem far from simple for people, but Neighborhood Loans has you covered! The mortgage loan processor is the link between your loan officer and underwriter. We collect and verify all the documents necessary to prepare your loan. This is arguably the most important part of the loan process.
After you’re cleared-to-close, we will schedule your closing and fund the loan on the day that is most convenient for you. After the final documents are signed, you will be given the keys to your new home! We look forward to helping you through our home buying process.
Here's how we do things
Our five-step mortgage process starts by applying online and getting pre-approved within 24 hours. This will require you to provide us some basic financial and personal information. We will take that information and get back to you with a pre-approval letter.
Getting pre-approved determines how much we are willing to lend, allowing you to shop for homes with confidence. Sellers will take your offer more seriously when you have a pre-approval from a lender. With this complete, you can now start your home search.
Finding the right home takes time, there are many things you need to look for and work out with the sellers. Once you find the home you would like to purchase, make and offer, and come to an agreement with the seller, we will submit your loan to our processing team.
This may seem far from simple for people, but Neighborhood Loans has you covered! The mortgage loan processor is the link between your loan officer and underwriter. We collect and verify all the documents necessary to prepare your loan. This is arguably the most important part of the loan process.
After you’re cleared-to-close, we will schedule your closing and fund the loan on the day that is most convenient for you. After the final documents are signed, you will be given the keys to your new home! We look forward to helping you through our home buying process.
Reviews
Neighborhood Loans is a top-notch company to work with. Their workers are so knowledgeable and helpful throughout the entire process. I have used Neighborhood Loans for many home purchases and refinances, I would highly recommend them. The owner Reno is the “real deal”, he cares about his customers and makes sure EVERYONE is 100% satisfied.
Neighborhood Loans was great to work with or getting a home mortgage. This team was really quick to respond to any questions that came up, were constantly looking for better rates and on top of all issues that arose. Getting a mortgage is a lot of work. If you are looking for a mortgage broker for purchasing a home, I recommend Neighborhood Loans. They will make the process smooth and look out for your best interests.
They helped me out with a 203K loan on my first property. Explained the steps of the process to me before and throughout, as well as being there through text, call, or email whenever needed. Definitely would recommend Neighborhood Loans if you’re looking to purchase a home. My family definitely is happy with the new place. Thanks again!
