Clear to close in 14 days
ICE tracks closings nationwide and puts the typical file at about 38 to 42 days. That 14-day number is the average for our files. We underwrite and fund here, so the file does not sit in some national underwriting hub.
NMLS 2647764
A true mortgage banker without the costly billboards.
Egan Financial Group LLC is a licensed Independent Mortgage Banker (IMB). We take the application, underwrite the file, and fund the loan in our own name. Stadium ads, outside investors, and extra companies in the middle of a loan raise the rate. We cut that cost so you are not paying a higher rate for it.
Why I built this shop
A boutique team with full-service mortgage banking power.
Who is Bill Egan?
My name is Bill Egan, NMLS 7342. I built Egan Financial Group LLC (NMLS 2647764) into a new class of IMB called a micro mortgage banker. That means I take your application, underwrite the file, and fund your loan in my company’s name.
I left a large retail lender when overhead made it hard to offer my clients a competitive rate. Becoming a broker again was not the answer — brokers have to rely on a middleman to fund the loan. The only way to beat the big lenders and the brokers was to become a full-service Independent Mortgage Banker: I take the application, approve the file, and fund the loan.
Egan Financial Group LLC was built to deliver the lending power of a major bank without the corporate bloat that drives up rates. Because I control the process from application to closing, my borrowers get better pricing, faster turn times, and direct accountability — from me.
Direct-to-lender pricing
Egan Financial Group LLC is the lender. There is no broker markup and no corporate overhead built into the rate.
In-house underwriting
The file is underwritten here, to investor guidelines — not dropped into a national queue. If something is missing, you hear from the person who needs it.
Closings average 35 to 60 minutes
Most mortgage closings run 45 to 90 minutes. Ours average 35 to 60 minutes because we send the money to the title company in advance — no “waiting on the wire.”
Refinance
Reduced refinance fees for all of our customers.
When you close a purchase loan with Egan Financial Group LLC and you come back to refinance later, you get a $2,000 lender credit to offset your closing costs.
Loans
Purchase, refinance, and VA
Home purchase
I originate, underwrite, and fund home purchases. Start with how much house and cash you need, then a real pre-approval — not a letter based on what you typed in a box.
Learn moreRefinance
I refinance as the lender, not a broker sending your file to someone else. Rate-and-term, cash-out, and VA streamline. I run break-even in months before anyone orders a payoff.
Learn moreVA loans
I originate, underwrite, and fund VA purchase, cash-out, and IRRRL loans for eligible Veterans. Funding fee, Certificate of Eligibility, and residual income are a real loan file, not a brochure.
Learn moreMortgage FAQs
Answers you can actually use
The problem that brought you here. Where it goes wrong. What we do about it. How to get ready. Written by Bill Egan, NMLS 7342.
PurchaseOctober 30, 2026
What is private mortgage insurance and when can I stop paying it?
Private mortgage insurance, or PMI, is a monthly cost added when you put less than 20 percent down on a conventional loan. It protects the lender if you stop paying. You do not pay it forever. The law lets you request cancellation once you reach 20 percent equity based on the original value, and it must drop off automatically at 22 percent. We show the PMI amount on your Loan Estimate so you know the full payment before you write an offer.
Read the full answerPurchaseOctober 28, 2026
What if the title search finds a problem with the house?
The title company must clear the issue before the loan can close. A title search is a check of public records to confirm the seller owns the house free of unpaid liens or other claims. If it finds a problem, the seller usually has to fix it. We track the title work on your file so closing does not stall while the issue is resolved.
Read the full answerPurchaseOctober 26, 2026
Will shopping around for a mortgage hurt my credit score?
Shopping for a mortgage usually does not hurt your credit much if you keep the inquiries in a short window. Credit bureaus group multiple mortgage pulls within 14 to 45 days as a single inquiry for scoring. That keeps the impact small while you compare lenders. We pull your credit once and can work from that report so you avoid extra hard pulls on your file.
Read the full answerPurchaseOctober 23, 2026
What if the appraisal comes in lower than the price I offered?
You and the seller have to close the gap or the deal changes. An appraisal is an independent estimate of the home’s value that the lender uses to set the maximum loan amount. If it comes in below your offer price, the loan will only cover up to the appraised value. You can renegotiate the price, bring more cash, or walk away if your contract allows.
Read the full answer
DIY calculator
The most accurate mortgage calculator on the web.
Estimates of local taxes and insurance, by county. Conventional, FHA, VA, and jumbo. The current average rate follows the HousingWire print. Not a quote.
Headquarters
Aon Center
200 East Randolph Street
Suite 5100
Chicago, IL 60601
312-919-0859
By appointment, Monday–Saturday
- NMLS ID 2647764
- Licensed in Georgia, Illinois, Nebraska, and Wyoming
- Illinois Residential Mortgage License MB.6850196
- Equal Housing Lender
- President & Owner: William Egan