Business Details
31 Years
experience
Trusted Mortgage Brokers in Chicago, IL
Forum Mortgage Bancorp has been a trusted name in mortgage financing since its founding in 1995 by Peter A. Mihopoulos, Bill J. Vasilopoulos, and Opie Vasilopoulos. With over 25 years of experience serving clients across the Midwest, we maintain strong partnerships with more than 50 reputable banking institutions to offer competitive mortgage programs. Our team of seasoned loan consultants provides personalized service seven days a week, leveraging advanced technology and deep industry knowledge to meet diverse financial needs. Licensed in five states with Texas expansion underway, we combine local expertise with national resources to deliver reliable solutions.Our multilingual staff, fluent in Polish, Spanish, English, and Greek, ensures clear communication for diverse clients. We prioritize understanding client goals to create tailored mortgage strategies that align with individual financial objectives. Backed by regulatory compliance and industry recognition, our approach emphasizes transparency, efficiency, and long-term client relationships. Our mission remains focused on delivering consistent value through exceptional service quality and predictable outcomes. This commitment has made us a preferred choice for residential and commercial mortgage financing in the communities we serve.
Services
Residential Mortgages
Commercial Loans
FHA Loans
Reverse Mortgage
Refinancing Options
HARP Program
Credit Consolidation
Home Equity Loans
Second Mortgages
VA Loans
Details
- Year established: 1995
Highlights and features
- We offer access to over 50 reputable banking institutions for competitive rates
- Our loan consultants provide 7-day service with personalized support
- Multilingual staff fluent in Polish, Spanish, English, and Greek
- Experienced team with deep expertise in mortgage programs
- Technology-driven processes for efficient loan approvals
Services
Residential Mortgages
We provide comprehensive residential mortgage solutions for primary residences, investment properties, and second homes. Our programs include conventional loans, FHA/VA options, and specialized financing for first-time buyers. With access to 50+ lenders, we help clients secure competitive rates tailored to their financial situation.
Commercial Loans
Our commercial mortgage division offers financing for office buildings, retail spaces, industrial properties, and multifamily complexes. We work with investors and business owners to structure deals that meet specific investment goals, including long-term fixed rates and flexible repayment terms for various property types.
Reverse Mortgage
We offer FHA-insured reverse mortgage programs for homeowners aged 62+. These loans allow seniors to convert home equity into tax-free funds while maintaining property ownership. Our counselors explain all options to help clients make informed decisions about retirement financial planning.
Refinancing Options
Our refinancing programs help homeowners reduce monthly payments, shorten loan terms, or access home equity. We offer rate-and-term refinancing, cash-out options, and HARP program assistance for eligible borrowers seeking to improve their mortgage terms through current market rates.
FHA Loans
We specialize in FHA-insured mortgage programs requiring low down payments and flexible credit requirements. These loans help first-time buyers and those with moderate incomes achieve homeownership through government-backed financing with competitive interest rates and lenient qualification standards.
People
Peter A. Mihopoulos
Founder
Co-founder with 25+ years in mortgage banking, Peter established Forum Mortgage Bancorp in 1995 to provide accessible financing solutions while maintaining strict ethical standards in residential and commercial lending practices.
Bill J. Vasilopoulos
Founder
As co-founder, Bill brings extensive financial services experience, focusing on building strategic lender relationships that enable the company to offer diverse mortgage products at competitive rates across multiple states.
Opie Vasilopoulos
Founder
Co-founder Opie contributes operational expertise, ensuring efficient loan processing systems that combine technology with personalized service to maintain high client satisfaction levels throughout the mortgage transaction process.
Questions
What mortgage programs do you offer?
We provide residential and commercial mortgages, FHA/VA loans, reverse mortgages, refinancing options, HARP program loans, home equity loans, and credit consolidation programs.
Are you licensed in my state?
We're currently licensed in Illinois, Michigan, Wisconsin, Florida, and Indiana, with Texas licensing in progress. Check our website for updates on service area expansions.
How does the loan process work?
The process includes determining your borrowing capacity, pre-qualification, formal application, property appraisal, and final approval. Our consultants guide you through each step with personalized support.
Do you offer online applications?
Yes, we provide secure online mortgage applications through our website, with options to complete paperwork digitally or visit our local offices for in-person assistance.
Can I get financing with lower credit scores?
We offer FHA programs for borrowers with lower credit scores, including options requiring 580+ FICO scores with 3.5% down payments, subject to standard underwriting requirements.
Do you have multilingual staff members?
Our team includes loan consultants fluent in Polish, Spanish, English, and Greek to better serve diverse communities across our service areas.
