Business Details
50+ Years
experience
Your Trusted Mortgage Partner in Chicagoland
Crown Mortgage Company has been Chicagoland's premier mortgage banker since 1975, helping thousands of families achieve the American Dream. Founded, owned, and operated by a veteran, we specialize in VA loans while offering conventional, FHA, and refinancing solutions tailored to local market needs. Our commitment to personal relationships ensures clients receive dedicated attention throughout the loan lifecycle, from application to final payment. With over 45 years of market-leading experience, we guarantee fast approvals (within one hour) and closings (as fast as 10 days) without reselling loans.Our low foreclosure rate reflects our proactive support during financial challenges, and our 70% referral-based business underscores trust built through generations of service. We serve Chicago and surrounding suburbs, including Lake and Porter Counties in Indiana, with specialized programs for first-time buyers and complex transactions.
Services
VA Loans
Conventional Loans
FHA Loans
Refinancing
Home Insurance
First-Time Buyer Programs
Bridge Loans
Repairs After Closing
Lock and Shop Program
Cash Buyer Assistance
Details
- Year established: 1975
Highlights and features
- Veteran-founded with 45+ years of Chicagoland market expertise
- Guaranteed 1-hour loan commitment and 10-day closing
- No loan reselling ensures consistent service throughout the loan lifecycle
- Proprietary Repairs After Closing program for challenging properties
- Lowest foreclosure rates through personalized financial support
Associations and certifications
- NMLS #136382
What people say
Saved our dream home
Next day approval
Personal attention
Fast closing
Expert guidance
Services
VA Loans
Crown Mortgage Company offers specialized VA loans for veterans, featuring competitive rates and flexible terms. As a veteran-owned business, we provide expert guidance through the VA loan process, including automatic approval pathways and dedicated underwriting support. Our service ensures veterans maintain direct payment relationships without loan reselling.
Conventional Loans
We provide conventional loans with personalized coaching for first-time buyers and experienced homeowners. Our 30-minute verbal commitments and 10-day closings streamline purchases in Chicagoland's competitive market. Local expertise ensures tailored solutions for properties requiring unique financing structures.
FHA Loans
Our FHA loan program assists buyers with lower credit scores or limited down payments. We offer specialized counseling to meet federal requirements while maintaining fast processing times. This program particularly benefits first-time buyers in Cook and DuPage Counties.
Refinancing
Crown Mortgage Company's refinancing service helps homeowners reduce payments without reselling loans. We analyze current equity and market conditions to secure optimal rates, including solutions for underwater mortgages through proprietary restructuring programs.
Repairs After Closing
This unique program addresses property issues discovered after closing, such as non-functional boilers or winterization damage. We provide financing for essential repairs, ensuring buyers complete transactions on distressed properties without losing their dream home.
People
Mike Allen
Owner & President
Veteran founder with decades of mortgage banking experience, leading Crown Mortgage Company's strategic direction while maintaining hands-on client engagement.
Jeff Coole
Sales Manager
Mortgage industry veteran with specialized expertise in refinancing solutions, managing loan officer teams to deliver rapid client responses.
Jeff McGrath
Branch Manager
Seasoned branch leader coordinating local lending operations, ensuring compliance with regulatory standards while maintaining service excellence.
Adam Bozich
Vice President/Mortgage Consultant
Mortgage finance expert advising clients on complex transactions, including first-time buyer programs and investment property financing.
Questions
What mortgage loan types do you offer?
We specialize in VA, conventional, and FHA loans, along with refinancing options and proprietary programs for unique situations.
How quickly can you approve a mortgage?
We guarantee verbal approval within 30 minutes and written commitment within one hour of receiving complete documentation.
Do you service loans after closing?
Yes, we service all loans in-house throughout their lifecycle without reselling to third-party investors.
Can you help with difficult property conditions?
Our Repairs After Closing program finances essential repairs for properties with issues like non-functional heating systems.
Do you offer first-time buyer programs?
Yes, we provide specialized counseling and financing options tailored to first-time homebuyers' needs.
What areas do you serve?
We focus on Chicagoland, including all Chicago suburbs and Lake/Porter Counties in Indiana.
