Pursue what's possible.

Skip to Content
Open an Account 800.205.0914 Locations Contact

Login

Mortgage Tips

The truth: Is a mortgage pre-approval practical?

The truth: Is a mortgage pre-approval practical?

Posted On: September 17, 2025 by Prevail Bank in: Home Loans

The truth: Is a mortgage pre-approval practical? What is a Mortgage Pre-Approval?

A mortgage pre-approval is a conditional agreement from a lender to lend you a specific amount of money to purchase a home. This is all under the assumption that your financial documentation supports what was entered on your application when verified, your financial situation remains stable until closing, and the property you choose meets specific requirements (IE: Property appraisal).

Mortgage pre-approvals...

Read More

Tags: mortgage, mortgage pre-approval, Mortgage Tips

Downpayment Plus Program (DPP)

Need Help with a Home Loan Down Payment?

Posted On: August 14, 2025 by Prevail Bank in: Home Loans

Need Help with a Home Loan Down Payment? Buying a home is a big step --- for many, the biggest obstacle is saving enough for the down payment and closing costs. That’s where the Downpayment Plus Program (DPP) comes in.

The Downpayment Plus Program (DPP) is a program offered by the Federal Home Loan Bank of Chicago (FHLBC) that assists income-eligible home buyers with their down payments and closing costs. The Prevail Bank Mortgage Lending Team is proud to offer...

Read More

Tags: Down Payment, Down Payment Assistance, Downpayment Plus Program, Home Lending, home loan, Mortgage Tips

Help

Please Select an Online Account

Mortgage Application Elan Credit Card Login