This Business Is Not BBB Accredited

Peoples Home Equity, Inc.

Peoples Home Equity, Inc.

(630) 225-7575

Peoples Home Equity, Inc.

20 years in business
1801 S Meyers Rd
Ste 500
Oakbrook Terrace, IL 60181-5202
Fax Numbers
  • (630) 812-0708
Additional Phone Numbers
  • (630) 225-7563
  • (630) 225-7370
Additional Email Addresses
BBB File Opened: 02/13/1998
Business Started: 01/01/1997
Business Started Locally: 01/01/1997
Business Incorporated: 10/08/2009 in TN
Type of Entity
Business Management
  • Mr. Phil Lekousis, Branch Manager
Business Category
  • Mortgage Lender
  • Financing
  • Loans
  • Real Estate Loans
  • Mortgage Brokers
  • Reverse Mortgage
  • Financial Services
  • NAICS: Real Estate Credit
  • Real Estate Services

Additional Information
  • According to the company, it maintains a satellite office, Savannah Mortgage, in Scottsdale AZ. A separate report is available on that company at
Service Area

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.


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



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.  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.

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BBB Reason for Ratings

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

Factors that affect the rating for Peoples Home Equity, Inc. include:

  • Failure to respond to 1 complaint(s) filed against business

Licensing information is provided in the BBB Business Profiles to inform the public about industries that may require professional licensing, bonding, or registration. Better Business Bureau encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to substantiate their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.
BBB reports on known significant government actions involving the business's marketplace conduct.
BBB reports on a company that is out of business for three years from the date the company closes its doors or ceases to do business.
BBB reports on unauthorized use of the Better Business Bureau's name and/or logo for as long as the business continues to use it in any advertising, or for one year after the business ceases any repeated unauthorized uses.
BBB reports on a business’s bankruptcy as long as the business remains in bankruptcy.
BBB reports when mail sent to the business was returned by the Postal Service.

Peoples Home Equity, Inc.


Peoples Home Equity, Inc.

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