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What is Oak Leaf Community Mortgage?

Oak Leaf Community Mortgage (OLCM) is Mutual Federal Bank’s residential mortgage department. The company name was inspired by the Oak Tree, which represents endurance, strength, and longevity. As America’s National Tree, the Oak is majestic and diverse, with more than 90 oak species native to the United States. This mirrors the foundation of Mutual Federal Bank’s 115-year history upon which our lending platform is built. Oak Leaf Community Mortgage is rooted in the communities we serve, which emulates the widespread root system of the magnificent Oak Tree. We are proud to fulfill your residential financing needs.

Plant your family tree.

Homeownership is one of the best ways to build generational wealth. Whether you’re a first-time homebuyer, refinancing, upsizing or downsizing, now is the time to plan for your future and take the next steps in home ownership.

Our Mortgage Lending Team Home Financing Options Client Testimonials


Conventional Loans

This loan choice is a traditional loan option that can be a solution for homebuyers and homeowners in need of home financing.

Conventional loans, sometimes referred to as conforming loans, are ideal for those who meet the traditional credit, income, asset, and collateral requirements. Conventional loans are a great option for any purchase or refinance lending needs.

Jumbo Loans

A Jumbo loan is a unique loan option for all loan needs that exceed the maximum conventional loan amounts offered.

Jumbo loans, often classified as non-conforming loans, allow for purchase, cash out, and rate and term financing.


Portfolio Loan

The Portfolio Loan Programs provide financing solutions for those who are unable to find options through the traditional loan product menu.

This may be the answer for borrowers with a “credit event” in their past, those who are self-employed and take advantage of today’s tax laws that minimize their taxable income, or for property investors in need of financing. Our portfolio loan products can be a game-changer and a clear differentiation from what other lenders can offer. Similar to old-school community bank lending, we listen to the full story, and take into consideration the borrower's entire situation.

Who Can Benefit from Portfolio Loan Products?

Self-Employed Borrowers

This Portfolio Loan Product is intended for the self-employed borrower who minimizes their tax exposure legally by taking advantage of today’s tax laws. This creates a challenge for self-employed homebuyers or homeowners to secure mortgage financing per traditional underwriting guidelines. Our portfolio program caters to the self-employed loan applicants financing needs through alternative guidelines that provide financing options not offered in traditional lending.


The portfolio loan product is the perfect solution for a real estate investor looking to finance acquisitions, finance rehab/construction, or refinance investment properties. Our extended LTV rehab portfolio products are also great to secure construction financing for investors who need lending options for the purchase and rehab of their investment properties, regardless of whether they will be held or sold.

Borrowers with Past Credit Events

We look at the overall picture of the borrower’s situation, gaining an understanding of what happened so we can individualize a plan to work with the borrower and help them purchase the home of their dreams. The Portfolio Loan Product is intended to be a short-term solution (1-3-5-7-+ years amortized over 30 years, if needed) to homeownership or home refinancing to help support a recovery from that life moment(s) out of our control that can devastate a person or family, even when it is just enough of an event to cause a blip.

Portfolio Loan Advantages

  • No mortgage insurance requirements
  • Options for non-warrantable condos
  • 12 and 24-month bank statement program for self-employed borrowers
  • Story underwriting to provide solutions instead of denials
  • In-house jumbo loans up to $2.4 million
  • Residential property types: single family, 2-4 units, warrantable and non-warrantable condos, mixed-use
  • Construction and rehab solutions for primary and non-owner occupied properties
  • HELOC (Home Equity Line of Credit) and Fixed Rate Second Mortgage


Down Payment Assistance (DPA) Loans

A DPA loan fills the gap of money needed by every new homebuyer for their down-payment or closing costs.

The DPA provides funds to be used for down payment amounts and additional costs associated with the loan. The DPA loan is an option that can help a homebuyer secure their new home now, when otherwise it might take years to save enough money to achieve ownership.

VA Loans

Those who have served our country deserve to be honored in the home loan process. To thank you for your service, we invite you to take advantage of these outstanding benefits given through a VA Loan.

VA loans are an available option for current and veteran service members, as well as eligible spouses. They are backed by the Department of Veteran Affairs (VA). Some benefits include no requirement of a down payment or mortgage insurance. There are no loan limits nor credit score requirements set by VA, which supports the home ownership or refinance (IRRRL – Interest Rate Reduction Refinancing Loan) needs of every Veteran. As a Veteran, you have earned the right to receive the benefits provided in this product, and we are humbly honored to help you with this financing.



FHA Loans

This loan caters to financing needs of those who are unable to meet any one part of the conventional loan requirements, but are otherwise qualified to secure a loan to buy a home or refinance an existing mortgage.

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA) and issued by an FHA-approved lender. FHA loans allow smaller down payments and lower credit scores than many conventional loans. This option also allows for a higher debt to income ratio. These guidelines open the door to home ownership or interest cost reduction that would otherwise not be available.

HELOC (Home Equity Line of Credit) and Fixed Rate Second Mortgage

These two loan products open the equity in your home for your immediate needs.

Home equity lines of credit and fixed rate second mortgages provide funding solution for home repair or rehab, debt consolidation, college expense, investment opportunities, cash reserves for emergency, and many other needs. These options give the homeowner an advantage to leverage the earned equity from their home to use for whatever life events occur.


See What Our Clients Are Saying

Brett and Jenna: See how this couple was able to seamlessly work with our lending team while living in two different states during the process!

Brandon: Learn from this self-employed borrow that it’s possible to obtain a mortgage when you run your own business, even when other lenders may have said no.

Mary Lou: How a first-time homebuyer, who also happened to be self-employed, achieved homeownership through an FHA loan and IHDA grant.

John: Our VA Loan Program serves those who have served our country. Listen to John’s story!

Ralph: How a client overcame credit challenges and secured a mortgage with the guidance and perseverance of our team.

Roderick and Melissa: This couple shares their gratitude for the long-term service and care that was provided from start to finish on their long journey to homeownership.

Our Mortgage Lending Team

Profile - Joe

Joseph LaGiglia

Senior Mortgage Loan Originator
NMLS# 703971

(630) 936-3242

Meet Joseph EMAIL JOSEPH Apply Online

Profile - Dave

David Holmes

Senior Mortgage Loan Originator
NMLS# 217960

(815) 405-6002

Meet David EMAIL David
Apply Online

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