AREAS OF EXPERTISE:
Check Rates Or, scroll down to view featured rates.
Jerry Kussy is a seasoned mortgage professional with 23+ years of experience in loan origination and management. Prior to joining Liberty Bank in 2010, he has held pivotal roles including Senior Loan Officer, Branch Manager, and Mortgage Company President. His deep-rooted connection to Chicago, being born and raised on the Northwest Side, complements his extensive knowledge of Chicago neighborhoods.
Inspired by his father’s real estate ventures in Logan Square during the late 1970s, Jerry developed a passion for the mortgage industry early on. Managing his father’s apartment buildings provided invaluable experience he uses to this day. Jerry’s analytical approach and commitment to understanding his clients’ needs enable him to provide tailored mortgage solutions that align with their long-term and short-term goals.
Beyond his professional endeavors, Jerry spends quality time with his wife and college-bound twins. An avid auto racing enthusiast, he attends the Indy 500 annually and actively participates in professional road course racing events multiple times a year.
Jerry’s dedication to his clients and his community, combined with his extensive experience and personal interests, make him a trusted advisor in the mortgage industry.
“We bought our house at the height of the market. Liberty’s rates were the lowest we found. Throughout our experience, Jerry was quick to respond and advise us. At one point he called us saying ‘I suspect rates will be going up this afternoon. Do you want to lock in?” That phone call saved us almost 0.50%. When that offer fell through, he even transitioned the rate lock to the property we ultimately purchased. The fact that he gives great restaurant recommendations was an added bonus!”
| 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% |
Read our latest news and tips from your Chicago mortgage brokers with mortgage and commercial financing expertise.
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
