Our team is committed to providing our clients with the highest quality financial services possible, combined with competitive rates for your area. We will work with you one-on-one to tailor a financial solution that is specifically suited to meet your financing needs. Whether you are purchasing your dream home, refinancing a current loan, or consolidating debt, our highly experienced team can help you find the right loan program, no matter what your needs are. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come.
Carl has helped my whole family at one point or another with their home mortgage. Carl and his team were responsive, easy to work with, and most importantly accommodating. I couldn't be happier with the service we received. I will be telling everyone I know that when it's time to buy a home, Carl is the guy to call.- Daniel M.
Carl was incredibly thorough, kind and very knowledgeable. He was extremely patient and understanding with all of our questions. Even though he has been practicing for many years, we never felt that he was rushing us through the process or dismissing our questions and concerns. I would recommend highly!- Erin O.
From the first conversation I had with Carl on how the process was going to work, I knew I was in professional hands. Carl and Vince kept me up to date and jumped in when I had questions on the process. They made the process painless. I will definitely recommend them to others.- Deborah L.
We were beyond happy with the customer service and communication during our refinance. I would highly recommend Carl to our friends and family, and will definitely use him in the future if we decide to move and need another mortgage.- Robert H.
Carl Melby is the absolute best! There are not enough friends or family that I could recommend him to! A++ to Carl Melby. I hope he is still working when I decide to buy another house. Thank you Carl!- Mark G.
We really appreciated the support and patience as we navigated the process. It's not something most people do regularly, and the expertise and guidance made it smooth sailing.- Timothy M.
Carl, Vince, and Grace were amazing! We were first time home owners and were scared of the process but they made it incredibly easy and painless!- Ronald L.
Carl Melby and his team handled a challenging situation in a timely and professional manner that exceeded our expectations!- Lisa M.
Calculate Your Loan
Need a few moments to crunch some numbers? Our easy-to-use calculator will help you get a basic visual of a mortgage payment to help you decide what you can afford.
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Total Interest Payable
Total of Payments
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Types of LoansWhich type is right for you?
First Centennial Mortgage offers a full menu of loan products. Whether you are buying your first home, moving up to a nicer home, relocating or want to refinance your current home, we have a loan that will fit your needs. To get started, contact me online or call 630.530.2121 to get in touch.
Fixed-rate home loans are the most common type of home loan in the mortgage industry. This option is low-risk and gives you predictable monthly principle and interest (P&I) payments for the next 15 or 30 years, depending on which loan term you choose. Fixed-rate loans are reliable for long-term owners ready to settle in one place for a long period of time.
An adjustable rate mortgage (ARM) is ideal for borrowers who plan to move within five years. ARMs take advantage of a low "introductory" interest rate so the loan stays at the same rate typically for 5, 7 or 10 years. Once the introductory period expires, the interest rate changes with the movement of an "index" (major interest rate). Following this movement, the amount of monthly interest either increases or decreases.
Conventional home loans are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Conventional loans are idea for people with a stable job, income and good credit. Conventional home loans are more flexible in their terms and have fewer restrictions compared to government-backed products.
Federal Housing Authority (FHA) loans are government assured and are ideal for people with limited income or money for a down payment. These loans typically help first-time homebuyers, seniors or others with limits on what they can afford.
Jumbo home loans are considered non-conforming mortgages. They are for purchases with a loan value above the federal standard of $453,100, although that number varies based on location. For a home with a purchase price above this limit, a jumbo loan is needed.
Veterans Affairs (VA) home loans are a great benefit to military personnel during and after their service. These loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs.
2471 W. Sullivan Road
Aurora, IL 60506
NMLS ID #201079
Licenses: FL #LO32724, IL #031.0027194, IN #31184