01
Home Purchase Loans
Conventional, FHA, VA, and USDA financing for primary residences. Pre-approval letters delivered in under 48 hours.
- 3% – 20% down options
- First-time buyer programs
- Rate lock up to 90 days
Xanadu Home Loans delivers transparent rates, same-day pre-approvals, and a fully digital closing process. Purchase, refinance, or tap into your equity — with a dedicated loan advisor from application to keys.
Families Funded
Avg. Pre-Approval
Client Satisfaction
Loans Originated
Xanadu Home Loans is a modern mortgage brokerage headquartered in Northbrook, Illinois. We combine institutional-grade underwriting with a boutique, advisory-first approach — so every borrower gets a strategy, not just a rate.
Founded on the belief that home financing should be clear, fast, and human, Xanadu serves buyers, refinancers, and investors across Illinois and 14 additional states. Our advisors average 11 years in mortgage banking and personally guide each file from first call to closing table.
We are an independent brokerage — which means we are not tied to a single bank's rate sheet. We shop your scenario across a curated network of wholesale lenders to match you with the program that actually fits.
Every client gets a written loan strategy — term, structure, and payment roadmap before a single document is signed.
Rate, APR, closing costs, and lender credits disclosed up front. No surprise fees at the closing table.
Average pre-approval turnaround of 38 hours. Average close in 21 days — without cutting corners on underwriting.
We monitor your loan annually and reach out when a refinance actually saves you money. Not when it makes us money.
From your first condo to a multi-property portfolio — we structure the right loan, at the right time, for the right term.
Conventional, FHA, VA, and USDA financing for primary residences. Pre-approval letters delivered in under 48 hours.
Rate-and-term and cash-out refinancing to lower payments, shorten terms, or access equity for renovations and debt consolidation.
Flexible lines of credit and fixed second mortgages that let you tap equity without disturbing your primary loan.
High-balance and jumbo financing for premium properties, with portfolio-underwriting options for complex income.
DSCR, bridge, and conventional investment loans for single-family rentals, small multifamily, and short-term rental portfolios.
Bank-statement, P&L-only, and asset-based loans for borrowers whose tax returns don't tell the full story.
A 15-minute conversation to understand your goals, timeline, and financial picture. No credit pull required.
We shop your scenario across our lender network and issue a written pre-approval letter — typically within 38 hours.
Your advisor coordinates documents, orders appraisal, and keeps you updated at every milestone through our client portal.
Sign digitally or in person. After closing, we monitor your loan annually to protect your rate and equity position.
Rates shown are representative as of the current business day and assume a 740+ FICO, 25% down, single-family primary residence. Your actual rate depends on credit, property, and program.
| Program | Rate | APR | Points | Monthly P&I (per $100K) | |
|---|---|---|---|---|---|
| 30-Year Fixed Conventional | 6.24% | 6.41% | 0.75 | $614 | Lock |
| 15-Year Fixed Conventional | 5.61% | 5.88% | 0.50 | $822 | Lock |
| 30-Year FHA | 5.95% | 6.28% | 0.50 | $596 | Lock |
| 30-Year VA | 5.72% | 5.86% | 0.00 | $581 | Lock |
| 30-Year Jumbo | 6.48% | 6.63% | 0.75 | $631 | Lock |
| HELOC (Prime + 0.50) | 8.00% | 8.00% | — | Interest-only | Apply |
Rates are for illustration only and are not a commitment to lend. All loans subject to credit approval, property appraisal, and program guidelines. Equal Housing Lender.
Because we are independent, we are not bound to a single bank's pricing. We underwrite your file once, then present it to the wholesale lenders most likely to approve it — at the best execution.
Direct relationships with 40+ wholesale lenders.
One point of contact — not a call center queue.
Itemized Loan Estimate within 24 hours of application.
Upload, e-sign, and track — all from one portal.
We were three weeks from losing our rate lock at another lender. Xanadu restructured our file, got us a better program, and we closed in 19 days. Communication was flawless.
As a self-employed consultant, I'd been declined twice. Xanadu used a bank-statement program and got me approved at a rate I didn't think was possible.
We used a HELOC through Xanadu to fund a kitchen renovation without touching our 3.1% first mortgage. The whole thing was paperless.
I've bought four investment properties through Xanadu. Their DSCR modeling is the sharpest I've worked with — they actually understand cash flow.
428 Fraggle Drive
Northbrook, IL 60062
United States
Mon – Fri: 8:30 AM – 6:30 PM CT
Saturday: 9:00 AM – 2:00 PM CT
Sunday: Closed
Most pre-approvals are issued within 38 business hours of receiving your completed application and supporting documents. Complex income scenarios may take 2–3 business days.
No. We do not charge an application fee, rate-lock fee, or upfront processing fee. All costs are itemized on your Loan Estimate and paid at closing.
We are licensed in Illinois and 14 additional states. Contact us to confirm coverage for your specific property location.
Conventional loans generally require a 620 minimum; FHA loans 580; VA loans 580. We also offer non-QM programs for scores as low as 550 with compensating factors.
Yes. We offer bank-statement, P&L-only, and asset-depletion programs designed specifically for self-employed borrowers whose tax returns understate true income.
A common guideline is that your total housing payment should not exceed 28–31% of gross monthly income. We'll run a full affordability model against your actual debts and goals during the discovery call.
Yes. We are an approved FHA and VA lender and work extensively with veteran and first-time buyer programs including Illinois IHDA grants.
Tell us a little about your scenario. A licensed advisor will reach out within one business hour to discuss options — no credit pull, no obligation.