X is why you have a home to call your own.


We know that buying a home is one of the biggest decisions you will make. That’s why we are dedicated to bringing commitment, professionalism and expertise to every transaction so you can focus on what’s important. You can feel confident knowing our team of mortgage bankers average nearly 20 years of experience and have the skills to make the mortgage process easy and efficient for you.
Not only did The PrivateBank provide me with the best rate possible for my mortgage, but they made obtaining it easy. My banker went above and beyond to make sure every detail was taken care of.

KayAnne Gummersall, Mortgage Client

  • Why The PrivateBank?

    We offer a wide range of customized mortgage products and programs, designed to suit the goals and needs of you and your family.

    • Low interest rates and fees
    • Flexible down payment options
    • Fixed and adjustable rates
    • Available financing in all 50 states
    • Primary residences, vacation homes and investment properties
    • Financing for single family homes, condos, co-ops and 1-4 unit properties
    • 5+ unit financing through our Small Business Team
    • Cash-out refinancing
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  • Specialty Mortgage Products

    Construction & Renovation Loans

    Are you ready to build your dream home or give your current home a top-to-bottom makeover? Then a construction or renovation loan through The PrivateBank may provide you with the financing needed to turn your vision into reality. Construction and renovation loans are generally short-term financing options that run for the life of your project. To learn more, contact one of our mortgage bankers.

    Home Equity Loans & Lines of Credit

    Home equity loans and lines of credit allow you to tap the equity in your home for special expenses. Whether you are considering home repairs or improvements, financing special events such as weddings or college tuition, or other expenses you may have, a home equity loan or line of credit may be an option for you. See one of our mortgage bankers for details.

    Reverse Mortgages

    Created specifically for home owners age 62 and older, reverse mortgages may provide you with funds for day-to-day expenses, home repairs, health care needs and more. The amount you can borrow is generally determined by your age, available interest rates and the equity you have in your home. Talk to us to learn more about this special financing option.

  • Affordable Mortgage Options

    SMART Affordable Mortgage Loan

    Low down payment options are available on long-term, fixed-rate mortgages for the purchase or refinance of owner-occupied single-family homes or condominiums.

    • Private Mortgage Insurance (PMI) not required
    • Flexible underwriting available
    • Access to special Homeowner Education Programs to help you make sure homeownership is right for you

    The SMART Affordable Mortgage may be right for you if:

    • You are purchasing a new home or refinancing your mortgage on your existing owner-occupied home
    • You have at least three percent to apply to the down payment on a new home1
    Closing Cost Assistance Program

    We recognize that buying a new home is one of the largest financial transactions you’ll make. To help, we are pleased to offer The PrivateBank Closing Cost Assistance Program (CCAP).2 Up to $2,500 is available to eligible borrowers toward closing costs and other fees for new purchase or refinance of single family houses, townhomes, condos or two-unit buildings. You may qualify for additional closing cost and down payment assistance funds by combining our CCAP with other programs. Talk to us to learn more.

    Down Payment Assistance & Homebuyer Education

    Feeling clueless about the homebuying process or just want to brush up on what’s available to you? Attend one of our homebuyer educational seminars to learn about qualifying for a mortgage, preparing for your purchase, choosing the right loan type and more. Check Neighborhood Events for upcoming dates to attend. Plus, we can help you access a variety of programs to provide down payment assistance so you have a mortgage uniquely suited to you and your financing needs.

The Private Bank is a BBB Accredited Bank in Chicago, IL

Loans and lines of credit are subject to credit approval. Certain restrictions apply on some programs.

Important Information Regarding SMART Banking Products: The interest rate and Annual Percentage Rate (APR) listed are effective as of 4/30/14 and are subject to change at any time without notice. Income eligibility requirements and geographic restrictions apply and are subject to change at any time without notice; see the SMART Banking Loan Lending Areas & Income Limit Chart for additional information. The loan payment will vary based on the loan amount, term, and APR. Limit of one loan in each SMART category per borrower at any one time. Additional terms and conditions apply.

1 – The APR for a 30-year loan of $150,000.00 and 90% LTV used for the purchase or refinance of an owner-occupied single-family dwelling was 5.536% as of 4/30/14 and the monthly loan payment would be $840.42. An escrow account is also required; therefore the loan payment mentioned will be increased to cover amounts for real estate taxes and homeowner’s insurance premiums. No income limits when home being financed is in a low- or moderate-income census tract.

2 – To qualify for CCAP, the property must be the borrower’s primary residence. Income eligibility requirements and geographic restrictions apply. Funding may be limited and subject to availability.