Melissa Steuart is a Senior Loan Officer dedicated to saving her borrowers time, money and stress. She focuses on meeting the needs of her borrowers and takes pride in walking them through every step of the mortgage process. Melissa enjoys helping first time buyers into their very first home and giving advice to past clients when they want to refinance, do home renovations or debt consolidations.
Melissa graduated from the University of Iowa with a degree in Finance. She's been blessed to work with amazing lenders prior to joining First Centennial Mortgage in 2012 for the family-owned mortgage company that could do everything in one location. She felt FCM gave her clients the best customer service and competitive rates.
During her free time, Melissa enjoys spending time with her husband, son and daughter. Family time is very important to and they are often found doing outdoor activities in the tri-city area.
Melissa and the team made me feel comfortable and safe as a first time home buyer. She helped me throughout the process, was quick to answer all my questions and clarify when I was confused. I couldn't have asked for a better broker!- Kristina R.
First Centennial Mortgage was BY FAR the BEST mortgage company to work with. We will be recommending it to all of our family and friends. We can't say enough wonderful things about the entire First Centennial Mortgage family!- Daniel A.
Melissa was fantastic! She was super thorough and helpful from the beginning and through the closing. She made it really easy - and we are super happy new home owners!- Christopher F.
I am thoroughly impressed with Melissa and the wonderful job she did handling my first time home buying experience. I would not hesitate to recommend Melissa and First Centennial Mortgage to anyone.- Warren H.
Working with First Centennial Mortgage was a breeze. They were very accessible, approachable and knowledgeable. Melissa especially helped with all aspects including putting us at ease with how tasks were proceeding.- Anthony S.
I would definitely use Melissa again for any future mortgage needs. She explained every step of the mortgage process in terms I could understand. My questions and problems were quickly answered and solved.- Ruth J.
Melissa was awesome! She showed great initiative from the beginning and a thorough understanding of the VA process, leading me to ditch the banker I was working with to work with her.- Renita A.
Everything went extremely smooth. Any questions or concerns I had were answered very quickly and were explained clearly. I am very happy with my experience.- Stephanie B.
Calculate Your Loan
Need a few moments to crunch some numbers? Our easy-to-use calculator will help you get a basic visual of a mortgage payment to help you decide what you can afford.
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Types of LoansWhich type is right for you?
First Centennial Mortgage offers a full menu of loan products. Whether you are buying your first home, moving up to a nicer home, relocating or want to refinance your current home, we have a loan that will fit your needs. To get started, contact me online or call 630.674.7102 to get in touch.
Fixed-rate home loans are the most common type of home loan in the mortgage industry. This option is low-risk and gives you predictable monthly principle and interest (P&I) payments for the next 15 or 30 years, depending on which loan term you choose. Fixed-rate loans are reliable for long-term owners ready to settle in one place for a long period of time.
An adjustable rate mortgage (ARM) is ideal for borrowers who plan to move within five years. ARMs take advantage of a low "introductory" interest rate so the loan stays at the same rate typically for 5, 7 or 10 years. Once the introductory period expires, the interest rate changes with the movement of an "index" (major interest rate). Following this movement, the amount of monthly interest either increases or decreases.
Conventional home loans are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Conventional loans are idea for people with a stable job, income and good credit. Conventional home loans are more flexible in their terms and have fewer restrictions compared to government-backed products.
Federal Housing Authority (FHA) loans are government assured and are ideal for people with limited income or money for a down payment. These loans typically help first-time homebuyers, seniors or others with limits on what they can afford.
Jumbo home loans are considered non-conforming mortgages. They are for purchases with a loan value above the federal standard of $484,350, although that number varies based on location. For a home with a purchase price above this limit, a jumbo loan is needed.
Veterans Affairs (VA) home loans are a great benefit to military personnel during and after their service. These loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs.