The FNMA Small loan program for Chicago is working well. Rates are in the high 5% and loans are closing in about 60 days from start to finis. The loan application cost is only $4,500 for all reports.
FHA 223 F rates have dropped below 5% all in for 35 year fixed rate loan these transactions take at least 4 months to process and the application fees run closer to $20,000 for most transactions plus FHA's application fee.