The Best Mortgage Lenders in Bristol, IL
Compare verified mortgage lenders serving Bristol, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bristol
Featured Mortgage Lenders
Mortgage Specialist
Guaranteed Rate
Guaranteed Rate is one of the largest retail mortgage lenders in the United States with a strong presence throughout Illinois, including serving the Bristol area. Headquartered in Chicago, they offer competitive digital mortgage solutions with their proprietary technology platform that streamlines the application process. They consistently receive high marks for their efficient processing, competitive rates, and excellent customer service. Their extensive experience and wide range of loan products make them a top choice for borrowers in the Chicago metropolitan area.
Loan Types:
Mortgage Advisor
Old National Bank (formerly First Midwest Bank)
As a established regional bank with multiple branches throughout the Chicago metro area and northern Illinois, Old National Bank (which acquired First Midwest Bank) has deep roots in serving communities like Bristol. They offer personalized mortgage services with local decision-making and have built a strong reputation for their community-focused approach. Their mortgage advisors provide comprehensive guidance through the entire home buying process, and they're particularly noted for their construction lending expertise and competitive conventional loan products.
Loan Types:
Loan Officer
Wintrust Mortgage
Wintrust Mortgage is part of Wintrust Financial Corporation, one of the largest banking organizations in the Chicago area with extensive experience serving Illinois communities including Bristol and the surrounding Fox Valley region. They offer a comprehensive range of mortgage products with the advantage of local underwriting and processing. Their long-standing reputation for reliability, competitive rates, and exceptional customer service makes them a preferred choice for many homebuyers in the area. They're particularly strong in construction lending and jumbo loan products.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Bristol, IL
What are the current mortgage rates like for homes in Bristol, IL?
Mortgage rates in Bristol typically align with national averages but can vary based on property type and loan program. For Bristol's mix of rural and suburban properties, you might see slightly different rates for conventional loans versus FHA or USDA loans, which are popular in this area. It's best to check with local lenders who understand Kendall County's market dynamics for the most accurate rate quotes.
Are there any first-time homebuyer programs specific to Bristol, IL?
While Bristol itself doesn't offer city-specific programs, Kendall County and Illinois state programs are accessible to Bristol homebuyers. The Illinois Housing Development Authority (IHDA) offers several first-time buyer programs with competitive rates and down payment assistance. Additionally, some lenders in the Bristol area may offer special programs for teachers, healthcare workers, or other professionals serving the community.
How does Bristol's rural location affect my mortgage options?
Bristol's location in Kendall County makes USDA loans an attractive option, as much of the area qualifies for USDA rural housing programs. These loans offer 100% financing with no down payment requirement, which is particularly beneficial given Bristol's mix of agricultural and residential properties. However, properties must meet USDA eligibility requirements, so verify specific parcel qualifications with your lender.
What should I know about property taxes when getting a mortgage in Bristol?
Bristol homeowners pay property taxes to Kendall County, which has historically had moderate tax rates compared to some surrounding counties. Current rates are approximately 2.1-2.4% of assessed value, which your lender will factor into your monthly mortgage payment through escrow. It's important to get an accurate tax estimate during pre-approval, as tax amounts can vary based on specific property characteristics and recent assessments.
Are there any local considerations for jumbo loans in Bristol's higher-priced neighborhoods?
While most Bristol homes fall within conventional loan limits, some properties in newer developments or with larger acreage may require jumbo financing. Kendall County's 2024 conforming loan limit is $766,550, so properties above this threshold need jumbo loans, which typically require stronger credit scores (700+) and larger down payments (10-20%). Local lenders familiar with Bristol's market can help navigate these requirements efficiently.
Why Choose a Mortgage Lender in Bristol?
Local Market Knowledge
Lenders who understand Bristol'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 Bristol and get competitive rates on your home loan.