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Anna, IL

The Best Mortgage Lenders in Anna, IL

Compare verified mortgage lenders serving Anna, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
355+
Reviews
9
Loan Types

Available Loan Programs in Anna

Conventional
FHA
VA
USDA
Construction
Refinance
Jumbo
Home Equity
Lot Loans

Featured Mortgage Lenders

1

Scott Fritcher

First National Bank of Steeleville

★★★★☆
4.9/5

First National Bank of Steeleville is a highly-rated community bank serving Southern Illinois with exceptional mortgage services. They maintain a 4.9-star rating from numerous satisfied customers who praise their personalized service, competitive rates, and local decision-making. As an established community bank with over 120 years of service, they understand the unique needs of rural Illinois homeowners. Their mortgage team provides comprehensive lending options including specialized USDA loans that are particularly beneficial for Anna area residents. Customers consistently highlight their transparency, responsiveness, and willingness to guide first-time homebuyers through the entire process.

Experience:25 years
Reviews:85 customer reviews
106 S Main St, Steeleville, IL 62288

Loan Types:

ConventionalFHAVAUSDAConstructionRefinance
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2

Mortgage Department

First Mid Bank & Trust

★★★★☆
4.7/5

First Mid Bank & Trust is a well-established regional bank with a strong presence throughout Central and Southern Illinois, including service to Anna residents. With over 150 years of banking experience, they've built a reputation for reliable mortgage lending with a 4.7-star customer rating. Their mortgage specialists are praised for their expertise in rural property financing and their ability to offer competitive rates. The bank provides a full range of mortgage products and is particularly noted for their construction lending capabilities. Customers appreciate their local underwriting decisions and the personalized attention they receive throughout the loan process.

Experience:30 years
Reviews:150 customer reviews
1815 Broadway St, Mattoon, IL 61938

Loan Types:

ConventionalFHAVAJumboConstructionRefinanceHome Equity
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3

Mortgage Team

Peoples Bank & Trust Company

★★★★☆
4.6/5

Peoples Bank & Trust Company serves the Anna area with exceptional mortgage services and maintains a 4.6-star rating from numerous satisfied customers. This community-focused bank has been operating for over 120 years and specializes in rural and small-town mortgage lending. They are particularly strong in USDA and FHA loans, making them an excellent choice for Anna homebuyers. Their mortgage team receives consistent praise for their knowledge of local property values and their ability to close loans efficiently. Customers highlight the bank's commitment to community banking values, with decision-makers who are accessible and responsive throughout the mortgage process.

Experience:28 years
Reviews:120 customer reviews
501 Broadway Ave, Pana, IL 62557

Loan Types:

ConventionalFHAVAUSDAConstructionLot LoansRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Anna, IL

What are the current average mortgage rates in Anna, IL, and how do they compare to state averages?

Mortgage rates in Anna typically align closely with national and state averages, but local lenders may offer competitive rates due to the smaller market. As of recent data, 30-year fixed rates in Anna generally range from 6.5% to 7%, similar to much of southern Illinois. It's wise to compare offers from both local credit unions like First Southern Bank and regional lenders for the best terms.

Are there any first-time homebuyer programs specifically available in Anna, IL?

Yes, Anna homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, including the 1stHomeIllinois loan with down payment assistance. Additionally, local lenders may offer special first-time buyer incentives, and some employers at Southern Illinois University Carbondale or local healthcare facilities might provide housing assistance programs for employees purchasing in Anna.

How does Anna's stable but slower-growing housing market affect mortgage lending requirements?

Anna's steady housing market means lenders often view local properties as lower-risk investments compared to volatile markets. This can sometimes translate to slightly more flexible underwriting standards and lower down payment requirements. However, appraisals remain crucial as local comparable sales might be limited in this smaller market.

What special considerations should I know about when getting a mortgage for older homes in Anna's historic districts?

Many Anna homes in established neighborhoods like the Central Historic District were built pre-1940s, which may require specialized inspections and potentially FHA 203(k) renovation loans. Lenders typically require thorough foundation, electrical, and plumbing inspections, and may have stricter requirements for homes with outdated systems that need modernization.

Are USDA rural housing loans available in Anna, IL, given its location?

Yes, Anna qualifies for USDA rural development loans due to its population size and location in Union County. These zero-down-payment mortgages are popular in the area and can be particularly advantageous for moderate-income buyers looking to purchase in Anna's residential neighborhoods or surrounding rural areas while avoiding private mortgage insurance.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Anna, Illinois

Searching for "home loan companies near me" is one of the most crucial steps in your Anna homebuying journey. It’s about more than just proximity; it’s about finding a lender who understands the unique dynamics of our local market and can guide you through the financial landscape of Southern Illinois. Whether you're drawn to Anna's quiet neighborhoods, its excellent school district, or its proximity to the Shawnee National Forest, securing the right financing is key.

In a community like Anna, local knowledge is a significant advantage. Home loan companies with a physical presence in or around Union County are often deeply familiar with area property values, which can vary from the more historic homes in town to newer developments. A local loan officer can provide realistic appraisals and understand the nuances of selling in our specific market. They’re also more likely to have established relationships with Anna-based real estate agents, creating a smoother, more coordinated buying process for you.

When evaluating home loan companies, don't just stop at the big national banks. Be sure to explore local community banks and credit unions, such as those based in Carbondale or Marion. These institutions often have a strong commitment to the region and may offer more personalized service. Additionally, Illinois offers several statewide programs that a knowledgeable local lender can help you access. The Illinois Housing Development Authority (IHDA) provides first-time homebuyer programs like the 1stHomeIllinois loan, which offers competitive interest rates, down payment assistance, and even mortgage credit certificates for tax savings. These programs have income and purchase price limits, but they can be perfectly suited for the Anna market.

Your actionable first step is to get pre-approved by at least two or three different types of lenders. Compare not just the interest rate, but also the lender fees, estimated closing costs, and the responsiveness of the loan officer. Ask each one directly: "What experience do you have with loans in Anna and Union County?" and "Which Illinois state programs might I qualify for?" This due diligence will quickly show you which company is truly invested in helping you buy a home here.

Finally, remember that your mortgage is a long-term relationship. Choosing a home loan company that is accessible, explains the process in clear terms, and understands your goals for putting down roots in Anna will pay dividends long after closing. By focusing your search locally and asking the right questions, you’ll find a financial partner who doesn’t just offer a loan, but helps you confidently secure your place in our community.

Nearby Cities

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Why Choose a Mortgage Lender in Anna?

Local Market Knowledge

Lenders who understand Anna's housing market can offer better guidance and competitive rates.

Multiple Loan Options

Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.

Proven Track Record

Work with lenders who have years of experience and hundreds of satisfied customers in Illinois.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Anna and get competitive rates on your home loan.