Meet Our Preferred Lender - New Castle Home Loans / Chicago Office

Real Estate Agent with PREA Signature Realty -

PREA Signature Realty - Preferred Lenders


For those readers and subscribers in need of a home loan, I wanted to take this opportunity to introduce Jim Quist and New Castle Home Loans as one of our preferred lenders.  New Castle Home Loans was formed in 2003 and has experienced steady growth with offices in Chicago, Illinois, Lombard, Illinois, and St. Louis, Missouri.  Over the years, New Castle Home Loans has established a strong niche in offering loan products for new construction and conversion project in Chicago, Illinois and St. Louis, Missouri.


At PREA Signature Realty, we base our recommendations and make referrals to lenders and other service providers based solely on the service that they provide to our customers.  We have a longstanding policy that prohibits our agents from receiving any direct or indirect compensation from our preferred service providers.

When we make a recommendation or referral to a lender, we are looking for three main things from our lenders:

  • Competitive Pricing with No Hidden Fees and No Junk Fees
  • Extensive Experience and Access to a Wide Array of Loan Products
  • Superior Customer Service and Communication


Since 2005, we highly recommended New Castle Home Loansto our developer client in St. Louis.  When we started PREA Signature Realty in 2008, we continued the relationship and designated New Castle Home Loans as one of our preferred lenders.  Here are some of the reasons we designated New Castle Home Loans as one of our preferred lenders:

  • Competitive Pricing - Low Interest Rates, Standardized Fees, and No Junk Fees
  • Loan Officers with Extensive Experience and Product Knowledge
  • Access to Wide Array of Loan Products from over 50 National and Regional Lenders
  • Streamlined, Simplified Online Loan Application Process
  • Constant Communication - Providing Our Agents with Automated Notifications regarding Each Step in the Loan Process
  • Internal Underwriting of Loans
  • Identifying and Anticipating Issues based on Familiarity and Experience with New Construction, Conversion and Condominium Projects
  • Clear Explanation of Loan Options - Allowing for Informed Consumer Decisionmaking
  • Superior Customer Service
  • No Surprises - Rates/Fees Quoted are Rate/Fees Delivered
  • On-Time Closings with No Funding Delays


Here are a few testimonials from agents and customers who have used New Castle Home Loans:

  • Heather Gustafson, CMK Realty-Chicago:  "NewCastle is one of the best that we have ever dealt with. Our buyers report that they have the lowest rates and best service. NewCastle is CMK's preferred lender and based on our experience, we recommend NewCastle Home Loans to any broker, agent or real estate developer."
  • Stuart Schwartz, @ Properties-Chicago:  "Jim, Another great job! Every customer I refer to you closes on time and without problems-- Happy customers make my job easier."
  • Ryan Shaughnessy, PREA Signature Realty-St. Louis:  "We want our buyers to use NewCastle, especially on our condominium conversion projects. They just make it easier--for the customer and us. NewCastle always closes on time and the money is always there--with no surprises."
  • Doug Bailey, Chicago:  "Jim, You did such an outstanding job for me that I plan to let everyone know when they ask about a mortgage lender. Thank you for all of your help."
  • Liz Reger, Ideal Location-Chicago:  "I've been a Realtor for over 10 years and I refer my buyers and anyone that has a question about a mortgage to Jim Quist at NewCastle Home Loans. I also finance my own primary and investment properties through Jim."
  • Frank Dixon, Oak Park:  "Our real estate agent recommended NewCastle and she was right when she said they are great to work with. NewCastle made the whole process easy, gave us the lowest interest rate with no junk fees--and there were no surprises at the closing table. When someone I know is buying or refinancing, I tell them to call NewCastle."


On behalf of PREA Signature Realty, we wanted to say thank you to New Castle Home Loans for underpromising and overdelivering on their mortgage services.

Interested in Purchasing a Single Family Home, Townhome, Condominium or Loft in Lafayette Square? Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381.

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PREA Signature Realty is a full service brokerage located at 1709 Park Avenue in the Lafayette Square neighborhood of the City of St. Louis.  PREA Signature proudly serves the following city neighborhoods:  Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri. 

The opinions expressed herein represent the opinions of the author only and do not reflect the opinions of PREA Signature Realty.  All photos and written content were produced by PREA Signature Realty.  All Rights Reserved - PREA Signature Realty (2009).  This content may not be reproduced or reprinted, except for Active Rain re-blogging, without express written permission of PREA Signature Realty.

For more information, visit our website at or contact Ryan Shaughnessy at 314-971-4381 or send an email to


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Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Seems like a strong endorsement for sure.  It is great to know who you can count on in this business.

Oct 18, 2009 11:20 PM #1
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes


I have never heard of this lender and I just may have to check them out based on your glowing endorsement.

Oct 18, 2009 11:48 PM #2
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights


Any endorsement from you is a strong endorsement. I re-blogged your last post ans it opended an interesting dialogue, I copied you answer to me as to where you got your stats in a comment box as well so others can seach too.  I believe stats are never the whole picture but an outline and reference guide.  Thanks Again. 

Oct 19, 2009 02:05 AM #3
Ryan Shaughnessy
PREA Signature Realty - - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Gary - I have known Jim for 30+ years so it would be an easy recommendation.  However, I have had the pleasure to work with him from a host of different angles - consumer, developer, title company, and now real estate brokerage.  I can tell you that Jim and his staff do a great job.

Don - I love to work with them for a very simple reason - they deliver what they promise.  I know the issues and gameplan to get the deal closed at the very beginning of the process.  We have had too many deals delayed by inexperienced or ineffectual lenders (internet lenders, lenders with the "lowest" rate and "highest" fees, and large banks) who don't know our projects and can't figure out how to get it done.  So, they end up going to New Castle or one of our other preferred lenders.

Debbie - I don't endorse many - but when I do it means that they are the real deal.

Oct 19, 2009 05:56 AM #4
John Cannata
214-728-0449 - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

I think I need to work closer with my Realtors to get myself a great testimonial like this. Congrats on connecting with such great professionals!

Oct 23, 2009 04:30 PM #5
Ryan Shaughnessy
PREA Signature Realty - - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

John - I don't give recommendations lightly.  However, we have had four recent closings.  Two of the closings involved other lenders.  In the first case, it was a national lender.  It was set to close in August.  Twice, the closing was scheduled only for the lender to back out with new FHA conditions.  We finally sent a termination notice from the seller and amazingly the conditions were waived and sale closed in October.  In my opinion, the deal got done probably because the customer had paid for two appraisals (don't get this since it was FHA), the lender and buyer's agent ordered two title search from different title companies (guess they weren't talking to each other), and the buyer was set to lose their earnest money on the deal (after the seller lost his patience with the buyer and her lender).  In the second case, it was a stock brokerage with a mortgage arm.  On the day of closing, they failed to fund citing new conditions.  In contrast, the two other loans closed smoothly.  HUDs were sent a week before closing.  Client reviewed  documents prior to closing.  No surprises... no delays.


Oct 23, 2009 05:00 PM #6
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