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BBB Accredited Business since 11/01/2013

Peoples Home Equity, Inc.

Phone: (630) 225-7575Fax: (630) 812-0708View Additional Phone Numbers1801 S Meyers Rd Ste 500, Oakbrook TerraceIL 60181-5202 Send email to Peoples Home Equity, Inc.

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Description

Peoples Home Equity, Inc. is a mortgage lender which provides customized loans and a wide variety of loan products to meet the needs of different populations who need home mortgages, retail mortgages, reverse mortgages, and other sources of capital. Located in Oakbrook Terrace, IL, this company serves the western suburbs of Chicago, including Lombard, Villa Park, Oak Brook, Elmhurst, Elk Grove Village, Bensenville, Wheaton, Naperville, Carol Stream, Downers Grove, Clarendon Hills, Hinsdale, Western Springs, Glen Ellyn, Brookfield, Broadview, Melrose Park, Northlake, La Grange, Glendale Heights, Lisle, Countryside, Stone Park, Berkeley, Willowbrook, Hillside, Northlake, River Forest, and Wood Dale. The company has locations across the United States, including Arizona, Tennessee, North Carolina, and Florida. The company has been in business since 2001 is a fully functional Conventional and Government HUD approved lender.

This company provides customized loans to retail and personal clients depending on their credit score and needs, with no application fees and a variety of financing options available that will suit their budget and financial goals. Interested individuals first submit a request, then receive a quote for a mortgage or other type of loan, and then close the deal and receive their loan. Types of loans available include Adjustable Rate Mortgages, 30-year fixed mortgages, 20-year fixed mortgages, 15-year fixed mortgages, 10-year fixed mortgages, FHA loan, VA loan, HARP refinance, and reverse mortgages.

Visit the website for Peoples Home Equity, Inc. to learn more about the services available from this company, read about the company's background, and apply for a mortgage or other type of loan.

BBB Accreditation

A BBB Accredited Business since 11/01/2013

BBB has determined that Peoples Home Equity, Inc. meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business' products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business' product quality or competency in performing services.

Reason for Rating

BBB rating is based on 13 factors. Get the details about the factors considered.

Factors that raised Peoples Home Equity, Inc.'s rating include:

  • Length of time business has been operating.
  • Response to 2 complaint(s) filed against business.
  • Resolution of complaint(s) filed against business.

Customer Complaints SummaryRead complaint details

2 complaints closed with BBB in last 3 years | 1 closed in last 12 months
Complaint TypeTotal Closed Complaints
Advertising / Sales Issues2
Billing / Collection Issues0
Problems with Product / Service0
Delivery Issues0
Guarantee / Warranty Issues0
Total Closed Complaints 2

Customer Reviews Summary Read customer reviews

0 Customer Reviews Customer Reviews on Peoples Home Equity, Inc.

Customer Experience Total Customer Reviews
Positive Experience
Neutral Experience
Negative Experience
Total Customer Reviews 0 Customer Reviews

Additional Information

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According to the company, it maintains a satellite office, Savannah Mortgage, in Scottsdale AZ. A separate report is available on that company at www.phoenix.bbb.org.

BBB file opened: 02/13/1998Business started: 01/01/1997
Licensing, Bonding or Registration

This company is in an industry that may require licensing, bonding or registration in order to lawfully do business. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.

Type of Entity

Corporation

Incorporated: October 2009, TN

Contact Information
Principal: Mr. Phil Lekousis (Branch Manager)
Business Category

Mortgage Lender, Real Estate Services, Reverse Mortgage, Financing, Real Estate Loans, Financial Services, Loans, Mortgage Brokers

Industry Tips
Contracts

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BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.

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BBB Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.