Tim Smith
AVP of Mortgage Lending
Upon graduating from DePaul University with a bachelor’s in finance in June of 2012, I started a career in the mortgage lending industry when I found an opportunity to be a part of a mortgage underwriter training program. After 4 years of underwriting, I was ready for a new challenge and in 2016 I moved into a new role in renovation lending. In this department I was exposed to the complete other side of the industry; as an underwriter I never had direct contact with borrower’s so I didn’t have a face to put to a file. Every file was just another file to approve. Once you have that conversation with a borrower and hear their excitement about getting into the home of their dreams, that’s where the motivation comes from and that’s when I knew I wanted to become a loan officer. I gained experience in this department working with Renovation loans (HomeStyle, 203k and VA renovation), FHA, conventional, down payment assistance programs, first time homebuyer programs, jumbo products, etc.
Helpful tools and resources
The Best Mortgage Experience
First-time homebuyer’s guide
Mortgage calculators
Loan options
See my video
Recent reviews
What people are saying
"You responded quickly to my inquires, and you closed the deal!"
Marvin R. - Buffalo Grove IL | Apr 2022
"Excellent customer service and quick turn around for processing our loan."
Cody B. - Pingree Grove IL | Oct 2021
"Very easy to work with. Friendly and knowledgeable staff."
David B. - Chicago IL | Oct 2021
"easy to work with the team, very reachable for questions and the ease for submitting documents electronically and safe were great."
Micah K. - Chicago IL | Jul 2021
"Met all our expectations and got the deal done"
Timone D. - Crown Point IN | Jul 2021
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Today's rates
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This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs, and monthly payment on your specific loan transaction may vary, and may include city, county, or other additional fees and costs.
Mortgage rates are offered exclusively through Guaranteed Rate and are subject to change without notice. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. The payment amount does not include homeowners’ insurance, flood insurance (if applicable), or property taxes that must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination charges). For home equity lines, the APR simply reflects the interest rate. When shopping for a mortgage, you can use the APR to compare the costs of similar loans between lenders.
One discount points equals one percent of your loan amount.
Some jumbo loan options may not be available to first-time home buyers.
We based the mortgage interest rates shown on a 30-day rate lock period. Under certain circumstances, a 30-day rate lock may not be available. When you apply, you can choose to lock or float your interest rate range.
Mortgage rates and loan options displayed depend on a number of variables, including the accuracy of the information you have entered, which is subject to verification, credit and property approval.
These mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score.
Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.
VA
If you meet the eligibility requirements of the VA program, gifts or grants may be used for down payments. Up to 100% financing may be available for qualified borrowers. Most VA loans require the borrower to pay a 'funding fee'. This fee may be paid out of pocket or financed into the loan amount. At the direction of the United States Congress and the Department of Veterans Affairs VA Funding Fees may increase or decrease without notice. Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency.
Adjustable Rate Mortgage (ARMs)
Interest rates and payments may increase after consummation. After the initial fixed period, your interest rate may change periodically according to the market index. Any change may significantly impact your monthly payment. Since the index in the future is unknown, the First Adjusted Rate and Payments displayed are based on the current index plus the margin (fully indexed rate) at time of scenario/disclosure. Before choosing an ARM, you should decide if you can manage the maximum estimated payment if the rate increases. To fully understand minimum and maximum payments, please speak to a mortgage loan expert.