Your Trusted Mortgage Partner
Find the Right Loan for Your Dream Home - Fast, Easy & Online
We have helped thousands finance their homes since 2004.
Compare the best options for your goals.
Why Choose Moonstar Mortgage?
Customized mortgage solution - Backed by 20 Years of Expertise
IL, CA, IN, NJ, MA
Transparency throughout the loan process
Online Applications 24/7
Personalized Guidance from Start to Finish
Explore Our Loan Programs
Mortgage Solutions for Every Stage of Life
First Time Home Buyers
- Purchase your dream home with the help of trusted loan officer
- Tailored lending solutions designed around your budget
- Every loan is customized to match your unique property and timeline
New Purchase / Refinance
- Down payment flexibility with multiple loan programs
- Multiple loan programs with lower interest rates
- Buy new home without selling your current home
Refinance Mortgage Loans
- Lower your interest rate or monthly payment
- ARM and Fixed rate products available at lower rates
- Option to shorten your loan term and save thousands over time
Home Equity Loans
- Turn your home’s equity into quick cash for big goals
- Ideal for debt consolidation, business launch, or tuition funding
- Tap into your property’s value with flexible terms and fast approval
Jumbo Loans
- Secure financing for high-value homes
- Available in both fixed and adjustable rate options
- Customise option for lower down payment and credit score
FHA Mortgage Loans
- Only 3.5% down payment required—great for first-time buyers
- -Aggressive interest even with lower credit score
- Backed by the federal government for easier qualification
20+
Years of Experience
Get pre-approved In a day
Know What You Can Afford —
Before You Shop
Get pre-approved with Moonstar Mortgage in just a few easy steps. It’s quick, online, and gives you the power to make confident home-buying decisions.
Why Pre-Approval Matters:
- Strengthens your buying power
- Shows sellers you're serious
- Helps you set a realistic budget
- Speeds up the closing process
Schedule a Free Call with a Loan Specialist
Our simple 3 steps loan process
Getting Your Mortgage Shouldn't Be Complicated
Apply Online
Anytime, Anywhere
Get Matched with a Loan Officer
Real Humans, Real Help
Receive Your Custom Loan Options
We Keep You Informed
Frequently Asked Questions
The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.
If you need help of professional mortgage calculator that can be found on our website - Click Here
Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation:
Calculate the total cost of refinancing
Calculate the monthly savings
Divide the total cost of refinancing (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, you will save money by refinancing.
Since refinancing is a complex topic, consult a mortgage professional.
A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points and the length of the lock.
A mortgage broker counsels you on the loans available from different wholesalers, takes your application and usually processes the loan which involves compiling all of the information about your transaction including your credit report, appraisal, verification of your employment, assets and so on. When the file is complete, but sometimes sooner, the lender "underwrites" the loan, which means deciding whether or not you are an acceptable risk.
Not necessarily. In fact, if you are a reasonably astute shopper, you will probably do better dealing with a mortgage broker. Mortgage brokers do not add any net cost to the lending process because they perform functions that would otherwise have to be done by employees of the lender. Furthermore, because mortgage brokers deal with multiple lenders -- in a typical case, 25 to 30, sometimes more -- they can shop for the best terms available on any given day. In addition, they can find the lenders who specialize in various market niches that many other lenders avoid, such as loans to applicants with poor credit ratings, loans to borrowers who do not intend to occupy the property, loans with minimal or no down payment, and so on.
It is the list of settlement charges that the lender is obliged to provide the borrower within three business days of receiving the loan application.
A loan eligible for purchase by the two major Federal agencies that buy mortgages, Fannie Mae and Freddie Mac.
A mortgage larger than the maximum eligible for conforming purchase by the two Federal agencies, Fannie Mae and Freddie Mac.
It is an upfront cash payment required by the lender as part of the charge for the loan, expressed as a percent of the loan amount; e.g., "2 points" means a charge equal to 2% of the loan balance.
This is the process of determining whether a customer has enough cash and sufficient income to meet the qualification requirements set by the lender on a requested loan. A pre-qualification is subject to verification of the information provided by the applicant. A pre-qualification is short of approval because it does not take into account the credit history of the borrower.
Send us a message
Have Questions? We're Just a Call Away
Get in touch
Head Office
953 N Plum Grove Rd, Unit B, Schaumburg, IL 60173
info@moonstarmortgage.com
Let's Talk
