The Best Mortgage Lenders in Belleville, IL
Compare verified mortgage lenders serving Belleville, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Belleville
Featured Mortgage Lenders
Scott Credit Union Mortgage Department
Scott Credit Union
Scott Credit Union is one of the most highly-rated mortgage lenders serving the Belleville area with exceptional customer satisfaction ratings. As a local credit union deeply embedded in the Metro East community, they offer personalized service and competitive rates. Their mortgage team specializes in first-time homebuyer programs and provides extensive educational resources. With multiple branches throughout the region and a reputation for exceptional member service, they consistently receive top marks for their responsive communication and streamlined loan process.
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First Federal Bank of Wisconsin Mortgage Team
First Federal Bank of Wisconsin
First Federal Bank of Wisconsin maintains a strong physical presence in Belleville with their local branch and dedicated mortgage team. They bring nearly a century of banking experience to the community with a focus on building long-term customer relationships. Their local loan officers have extensive knowledge of the Belleville and St. Louis metro area housing markets. Customers consistently praise their competitive rates, transparent process, and the expertise of their mortgage specialists who guide borrowers through every step of the home financing journey.
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USA Mortgage - St. Louis Division
USA Mortgage
USA Mortgage serves the entire St. Louis metropolitan area including Belleville and has established itself as one of the highest-rated mortgage lenders in the region. They specialize in providing customized mortgage solutions with exceptionally competitive rates and fees. Their team includes local loan officers who are deeply familiar with the Illinois housing market and specific programs available to Belleville homebuyers. With numerous awards for customer service and hundreds of outstanding reviews citing their efficiency, communication, and expertise, they consistently deliver exceptional mortgage experiences for both purchase and refinance transactions.
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Frequently Asked Questions
Common questions about mortgage lending in Belleville, IL
What are the current mortgage rates like for Belleville, IL homebuyers?
Mortgage rates in Belleville typically align with national averages but can vary slightly based on local lender competition and property types. Currently, rates for 30-year fixed mortgages in the St. Louis Metro area (including Belleville) range from 6.5% to 7.25% for well-qualified buyers. It's wise to compare rates from both local credit unions like Scott Credit Union and national lenders serving the area.
Are there any first-time homebuyer programs specific to Belleville or St. Clair County?
Yes, the Illinois Housing Development Authority (IHDA) offers several first-time homebuyer programs accessible to Belleville residents, including the 1stHomeIllinois program with down payment assistance up to $7,500. Additionally, St. Clair County occasionally offers local assistance programs, so check with the county's community development office for current availability and eligibility requirements.
How does Belleville's property tax system affect mortgage payments?
Belleville's property tax rates are relatively moderate for the region, typically ranging from 1.8% to 2.2% of assessed value. This means your monthly mortgage payment will include a significant escrow portion for taxes. St. Clair County's assessment practices and Belleville's various taxing districts mean your specific tax burden can vary by neighborhood, so research the exact rate for any property you're considering.
What special considerations should I know about getting a mortgage for Belleville's older historic homes?
Many Belleville homes in historic districts like the Cabbage Patch require special mortgage considerations. Lenders may require additional inspections for older electrical, plumbing, or foundation systems, and you might need a renovation loan like the FHA 203(k) if updates are needed. Some historic district properties may have preservation easements that affect lending requirements.
Are USDA loans available in Belleville given its proximity to rural areas?
While most of Belleville itself is considered suburban and doesn't qualify for USDA rural housing loans, several surrounding areas in St. Clair County do qualify. Properties just outside city limits or in nearby communities like Freeburg or Millstadt may be eligible for USDA loans, which offer 100% financing - an excellent option for qualified buyers looking in the greater Belleville area.
Nearby Cities
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Why Choose a Mortgage Lender in Belleville?
Local Market Knowledge
Lenders who understand Belleville'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 Belleville and get competitive rates on your home loan.