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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?
Trusted Mortgage Solutions — Backed by 20 Years of Expertise
IL, CA, IN, NJ, MA
Full-Service Broker
Purchase, Refinance, Construction & More
Online Applications 24/7
Personalized Guidance from Start to Finish
Regular Loan Status Updates
Explore Our Loan Prodrams
Mortgage Solutions for Every Stage of Life
Home or Commercial
Construction Loans
- Finance your dream home or commercial project from the ground up
- Tailored lending solutions designed around your construction goals
- Every loan is customized to match your unique property and timeline
Home
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
FRM
Conventional Fixed Rate Mortgages
- Stable monthly payments for long-term financial planning
- Choose from 10, 15, 30, or 40-year terms
- Down payment flexibility—no 20% required in many cases
ARM
Adjustable Rate Mortgages
- Lower initial interest rates than fixed-rate loans
- Great for short-term homeowners or early savings
- Flexible options: 10/1, 7/1, 5/1, and 3/1 Hybrid ARMs available
FHA Jumbo
Jumbo Loans
- Secure financing for high-value homes over $417,000
- Available in both fixed and adjustable rate options
- Competitive rates for qualified buyers—even FHA jumbo options
ARM to Fixed Rate
Refinance Mortgage Loans
- Lower your interest rate or monthly payment
- Switch from ARM to Fixed Rate for long-term stability
- Option to shorten your loan term and save thousands over time
HUD Approved
FHA Mortgage Loans
- Only 3% down payment required—great for first-time buyers
- Backed by the federal government for easier qualification
- Available through HUD-approved lenders
Aged 65+
Reverse Mortgage Loans
- Available to homeowners aged 65+ seeking financial freedom
- Get lump sum or monthly payouts without selling your home
- A smart option to boost retirement income and live worry-free
Military Veterans
VA Mortgage Loans
- Exclusive benefits for military veterans & their families
- $0 down payment and competitive interest rates
- Designed for primary residences only—up to $417,000 loan limit
20+
Years of Experience
Get Pre-approved In Minutes
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
Why Pre-Approval Matters:
Step 1 :
Fill Out a Quick Form — No impact on credit score
Step 2 :
Instant Loan Estimate — See how much you qualify for
Step 3 :
Expert Review — One of our licensed loan officers will guide you
Schedule a Free Call with a Loan Specialist
Testimonial
See Why Thousands Trust Moonstar
The process was smooth from start to finish. Excellent communication!
Moonstar got me approved fast with a great rate. Highly recommend!
As a first-time buyer, I felt guided every step of the way.
4.7+
2,471 Reviews
Execellent Score
Loan Comparison
Compare Loan Types Side by Side
| Loan Type | Ideal For | Down Payment | Interest Type | Special Notes | Get in Touch |
|---|---|---|---|---|---|
| FHA Loan | First-Time Buyers | 3% | Fixed | Requires mortgage insurance | Know More |
| Conventional | Most Buyers | 5-20% | Fixed/ARM | Flexible terms | Know More |
| VA Loan | Veterans | 0% | Fixed/ARM | For qualified military only | Know More |
| Refinance | Homeowners | N/A | Fixed/ARM | Reduce rate or term | Know More |
| Jumbo | High-Value Homes | 10%+ | Fixed/ARM | Higher interest, larger amt | Know More |
Our Simple 3 Steps 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.
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.
Both income and assets are disclosed and verified, and income is used in determining the applicant's ability to repay the mortgage. Formal verification requires the borrower's employer to verify employment and the borrower's bank to verify deposits.
Stated income/verified assets: Income is disclosed and the source of the income is verified, but the amount is not verified. Assets are verified, and must meet an adequacy standard for example: 6 months of stated income and 2 months of expected monthly housing expense.
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.
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953 N Plum Grove Rd, Unit B, Schaumburg, IL 60173
info@moonstarmortgage.com
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