Lumin Lending
Randy Mathis
All States

Mortgage Broker in Illinois

Licensed to originate mortgages in Illinois (IL) through Lumin Lending Inc. Purchase, refinance, and investment property loans with access to over 90 lenders.

Last updated: April 2026

Key Facts

Randy Mathis is a licensed mortgage broker serving Illinois through Lumin Lending Inc. (NMLS# 1516760). Available programs include Conventional, FHA, VA, Non-QM, DSCR, Bank Statement, HELOC, Reverse Mortgage, and Commercial loans. The conforming loan limit in Illinois is $806,500 for 2026.

Mortgage Lending in Illinois

Illinois offers a wide range of housing markets, from the diverse Chicago metro area to affordable downstate communities. The state's economy is anchored by financial services, manufacturing, healthcare, and a strong agricultural base. Illinois has well-established first-time buyer programs through the Illinois Housing Development Authority, and its property tax structure varies significantly by county and municipality, making local guidance valuable when planning a purchase.

With access to over 90 lenders through Lumin Lending Inc., I can shop your loan across multiple investors to find the right rate and terms for your specific situation in Illinois. Whether you are a first-time homebuyer, looking to refinance, or building an investment portfolio, I have programs designed to fit your needs.

Available Loan Programs in Illinois

Conventional

Traditional financing with as little as 3% down. Competitive rates for purchase and refinance.

Learn more

FHA

Government-backed loans with 3.5% down and flexible credit requirements for first-time buyers.

Learn more

VA

Zero down payment and no PMI for eligible veterans, active-duty, and qualifying spouses.

Learn more

Non-QM / DSCR

Bank statement, DSCR, asset depletion, and other flexible programs for self-employed and investors.

Learn more

HELOC / HELoan

Access your home equity with a line of credit or fixed-rate home equity loan.

Learn more

Reverse Mortgage

Convert home equity into cash with no monthly mortgage payments for homeowners 62 and older.

Learn more

Commercial

Financing for commercial properties, mixed-use buildings, and business real estate needs.

Learn more

Rates and program availability may vary based on the state or region in which the financed property is located. This is not a credit decision, an offer, or a commitment to lend. Program restrictions apply.

HELOC: Timing may vary based on borrower qualifications and loan conditions. Appraisal may be required in certain circumstances. Subject to credit approval. Your home is used as collateral and may be at risk if you do not repay. APR, terms, and repayment structure vary by product.

Helpful Resources

First-Time Homebuyer Guide 2026

Everything you need to know about buying your first home, from pre-approval to closing day.

Read more

Should You Refinance in 2026?

How to decide if refinancing makes sense for your situation, with break-even analysis.

Read more

DSCR Loans Explained

How real estate investors qualify based on rental income instead of personal tax returns.

Read more

5-Day Digital HELOC Guide

Access your home equity in as few as 5 days with our digital HELOC process.

Read more

Credit Score Myths for Homebuyers

The 5 biggest credit score myths that stop people from pursuing homeownership.

Read more

Frequently Asked Questions

Answers to common mortgage questions about loan programs, credit, and the application process.

Read more

Frequently Asked Questions

What are the conforming loan limits in Illinois?
Illinois follows the standard conforming loan limit of $806,500 for single-family homes in 2026 across all counties. The Chicago metro area has higher home values than downstate Illinois, but all counties currently fall within the standard conforming limit, giving buyers broad access to conventional financing.
Does Illinois have first-time homebuyer programs?
Yes, the Illinois Housing Development Authority (IHDA) offers several programs including IHDAccess Forgivable, IHDAccess Deferred, and IHDAccess Repayable, which provide down payment and closing cost assistance. These programs can be combined with FHA, VA, USDA, or conventional first mortgages.
Can I get a DSCR loan in Illinois?
Yes, DSCR loans are available in Illinois for real estate investors. Chicago's strong rental market and the affordable entry points in many downstate communities make Illinois an attractive market for building a portfolio using property income rather than personal income for qualification.
Is Randy Mathis licensed to lend in Illinois?
Yes, Randy Mathis (NMLS# 1516760) is licensed in Illinois through Lumin Lending Inc. (NMLS# 2716106), which holds an Illinois Residential Mortgage License. Whether you are buying your first home in Illinois or refinancing, Randy has access to over 90 wholesale lenders to find competitive rates from Chicago to Springfield and across the state.
What should I know about property taxes in Illinois?
Illinois has some of the highest property tax rates in the country, with rates that vary significantly by county and municipality. Cook County, the collar counties, and downstate communities all have different rate structures. Understanding your local property tax bill is critical because it directly impacts your monthly mortgage payment and qualification.

Ready to Get Started in Illinois?

Let me find you a competitive mortgage rate from our network of 90+ lenders. Apply online or schedule a call to discuss your options in Illinois.

Schedule a CallApply Now

Randy Mathis NMLS# 1516760 | Lumin Lending Inc. NMLS# 2716106 | NMLS Consumer Access