AREAS OF EXPERTISE:
Types of Buyers: First-time homebuyers, move-up buyers, second home purchasers and investors
Products: Residential Fixed-Rate, ARM and Jumbo Loans
Geography: Entire State of Illinois primarily focused on Cook County
Check Rates Or, scroll down to view featured rates.
Damian Stefaniuk is a Loan Consultant based in Chicago with a growing career in the mortgage industry. He studied Finance at Oakton College and Software Engineering at Florida Gulf Coast University, combining an analytical mindset with a strong interest in helping people navigate financial decisions.
Damian applies his passion for finance to support homebuyers through the loan process, offering a detail-oriented and approachable experience for each client. Whether you’re exploring your first mortgage or looking into refinancing, Damian is committed to making the process straightforward and easy to understand.
| Product | Rate | APR* |
|---|---|---|
| 30-Year Fixed | 6.625% | 6.715% |
| 15-Year Fixed | 5.875% | 6.020% |
The information provided assumes the purpose of the loan is to purchase a property, with a {down_payment}% down payment for a loan amount of ${loan_amount} and an estimated property value of $437,500. The property is located in Chicago, IL and is within Cook county. The property is an existing single-family home and will be used as a primary residence. An escrow account is required. The rate lock period is 60 days and the assumed credit score is {credit_score}.
At a {rate} interest rate, the APR for this loan type is {apr}. The payment schedule would be:
Terms subject to credit approval. The actual payment will be higher if mortgage insurance is required on your loan. The payment examples do not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater considering taxes and insurance premiums.
*Annual Percentage Rate. Click product name for details.
| Product | Rate | APR* |
|---|---|---|
| 7/6 SOFR ARM | 6.375% | 6.866% |
| 5/6 SOFR ARM | 6.125% | 6.865% |
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7/6 SOFR (*) ARM: At a 6.375% interest rate / 6.866% APR, with a 740 credit score and a 20% down payment on a property with an estimated value of $437,500 and a $350,000 loan, the payment schedule would be: 84 payments of $2,183.54 and 276 payments of $3,232.60 based on the fully indexed rate and margin of 7.250%. ARM rate fixed for 7 years, adjusts semi-annually thereafter and is subject to an initial interest rate adjustment cap of 5.00%, and a 6-month adjustment cap of 1.00%, and a lifetime adjustment cap of 5.00%.
5/6 SOFR (*) ARM: At a 6.125% interest rate / 6.865% APR, with a 740 credit score and a 20% down payment on a property with an estimated value of $437,500 and a $350,000 loan, the payment schedule would be: 60 payments of $2,126.64 and 300 payments of $3,211.01 based on the fully indexed rate and margin of 7.250%. ARM rate fixed for 5 years, adjusts semi-annually thereafter and is subject to an initial interest rate adjustment cap of 2.00%, and a 6-month adjustment cap of 1.00%, and a lifetime adjustment cap of 5.00%.
(*): Secured Overnight Finance Rate
