About Pete Ferrara

As a licensed Homebridge Mortgage Loan Originator in Illinois (NMLS #182646), Pete Ferrara can assist you with your home loan needs, including:

  • First-Time Purchase
  • Second-Home Purchase
  • Refinance
  • FHA and VA
  • Conventional
  • 203(k) Renovation
  • Jumbo

Pete welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. Pete has the expertise and knowledge, and will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.

Contact Pete Ferrara Anytime

Feel free to contact Pete anytime by phone or email for personalized service and expert advice. Pete Ferrara will extend the same professional service to your friends, family members, work colleagues or neighbors who need help.

Pete Ferrara is 203(k) Renovation Lending Certified

Pete is certified in 203(k) Renovation Lending, a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. Homebuyers can finance both the purchase and future repairs on their new home with one loan.

The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made1. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan's simplicity - one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible2 as well.

Pete Ferrara values your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.

Please contact Pete by phone, email or filling out the pre-approval form on the right to get more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!

1For 203k purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. For refinance transactions the maximum loan amount is the lesser of the property value before renovation + renovation costs or 110% of the as-completed value, times the maximum loan-to-value. Loan amount must be within FHA county loan limits.

For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of the sales price + renovation costs or 100% of the as-completed value, times the maximum loan-to-value allowable. For refinance transactions the maximum loan amount is based on the lesser of 1) 100% of the as-completed value times the maximum loan-to-value or 2) the balance on the existing loan plus the renovation cost plus the settlement costs. The maximum repair amount is limited to 50% of the as-completed value. HomeStyle® is a registered trademark of Fannie Mae.

2Please consult a tax advisor for further information regarding the deductibility of interest and charges.
For your home improvement needs, visit Service Finance Company, LLC to find a trusted local contractor.

Homebridge may receive compensation for referring you to Service Finance Company, LLC.

What Our Customers Say About Me

    Trustpilot
T.J. T. May 2018
“Pete Ferrara was great with returning calls and relaying information.”
Edward V. March 2018
“Very kind and helpful!”
Wendy R. March 2018
“Recommended by a friend.”
Kevin R. November 2017
“Always available to answer questions and worked quickly.”
John O. October 2017
“Helpful, detail oriented and Pete is very handsome.”
Nuri A. Rolling Meadows, IL
“We are very happy with Pete Ferrera and Mike Markham and their team. Good work!”
Arthur G. South Chicago Heights, IL
“Pete and team were absolutely phenomenal in every aspect of the process. They were very in formative with every detail as it came up. They were very professional with how they handled themselves every time we spoke. And most of all they truly seemed to personally CARE about me and making sure I was taken care of. I will recommend them to any one I know looking for a mortgage.”
Jeanne D. Plainfield, IL
“Pete Ferrara and the whole team are always so professional and on top of everything for my clients. Truly appreciate their diligence and communication with all parties! Thank you :-)”
Nuri A. Bartlett, IL
“Pete Ferrera and team did excellent job getting this loan closed. Thanks!”
Jorge E. Glenwood, IL
“Pete was updating us on our loan until the very end.”
Shawn W. Tinley Park, IL
“Our Loan Officer kept us informed the entire process, we are very happy.”
Annie B. Chicago, IL
“Mr. Ferrara was superb and very patient along with his entire team while demonstrating true grit to stick with this venture from start to finish, especially with all of the many challenges within the several months it took to execute. Well done!”
Blythe P. Joliet , IL
“He was always willing to assist me no matter what the concern. I am very thankful for his patience as this was my first mortgage experience. I am very grateful I was refered to him. He was never pushy or made me feel I was burdening him with all my questions.”
Cerise S. New Lenox, IL
“He walked us through every step with great care. He explained things we didn '”
Jeanne D. Homer Glen, IL
“Great job by Pete Ferrara and his team! Closed on time with no problems! Great communication all along the way! Thanks so much!”

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