When people apply for Chicago mortgage many often wonder where the money comes from. As my dad always says "back in the day" usually meaning when he was younger when people wanted loan they went to the bank downtown or to a neighborhood Savings and Loan. If the bank had money on hand and considered you a good risk they would approve your loan and funded from those funds.

These days however it does not work the same way. There are three quasi government entities that provide these funds.