By Jimmy White August 27, 2026
What Credit Score Do I Need to Buy a House in Will County in 2026? Quick answer: In Will County, most first-time buyers need at least a 580 credit score to qualify for an FHA loan — but if you want Illinois' IHDA down payment assistance stacked on top, that number jumps to 640.  Written by Jimmy White, Mortgage Loan Officer, NMLS #1363362 — LeaderOne Financial, serving Will County homebuyers for over 11 years.

Adjustable Rate Mortgage

Get a FREE quote on an ARM & save thousands of dollars per year.

  • Fixed Rates
  • Conforming Loans
  • Jumbo & Super Jumbo Loans
  • FHA, VA, & USDA Loans
  • Terms from 5 to 30 Years

Why an ARM?

Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.


Our Adjustable Rates Are Low & Our Process is Quick & Painless

An ARM is an Adjustable Rate Mortgage. Unlike fixed rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically. The initial interest rate of an ARM is lower then that of a fixed rate mortgage, consequently, an ARM maybe a good option to consider if you plan to own your home for only a few years; you expect an increase in future earnings; or, the prevailing interest rate for a fixed mortgage is to high.

We’re here to make it a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Adjustable Rate Mortgage Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

The Adjustable Rate Mortgage Loan Process

Here’s how our home loan process works:

  • Complete our simple Adjustable Rate Mortgage Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the offer that best fits your needs