The Best Mortgage Lenders in Buckingham, IL
Compare verified mortgage lenders serving Buckingham, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Buckingham
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender headquartered in Chicago, Illinois, with a strong regional presence serving Buckingham and surrounding areas. Known for its competitive rates, digital mortgage process, and exceptional customer service, the company has consistently high ratings from borrowers for its efficiency and transparency. With over two decades of experience, they offer a wide range of loan products and have a reputation for closing loans quickly, making them a preferred choice for homebuyers in Illinois.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated national lender with a significant presence in Illinois, including service to Buckingham. They are praised for their personalized approach, extensive loan options, and dedicated support throughout the mortgage process. With 20 years of experience, they have built a strong reputation for reliability and customer satisfaction, often highlighted in reviews for their responsive communication and ability to handle complex loan scenarios effectively.
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New American Funding
New American Funding
New American Funding is a reputable national mortgage lender known for its diverse loan products and commitment to serving communities like Buckingham, Illinois. They excel in providing competitive rates and tailored solutions, with a focus on first-time homebuyers and underserved markets. With two decades of experience, they have earned high marks for customer service, transparency, and efficient processing, making them a trusted option for borrowers seeking reliable and accessible mortgage financing.
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Frequently Asked Questions
Common questions about mortgage lending in Buckingham, IL
What are the current average mortgage rates for homebuyers in Buckingham, IL?
Mortgage rates in Buckingham typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates range from 6.5% to 7.2%, while FHA and VA loans may offer slightly lower rates. It's best to compare offers from local credit unions like Kankakee Federal Savings and national lenders serving the area.
Are there any first-time homebuyer programs specifically available in Buckingham?
Yes, Buckingham homebuyers can access Illinois Housing Development Authority (IHDA) programs like the 1stHomeIllinois and Access Forgivable programs, which offer down payment assistance and affordable fixed-rate mortgages. Additionally, Kankakee County may have local assistance programs for qualified buyers purchasing in Buckingham's rural setting.
How does Buckingham's rural location affect mortgage lending requirements?
Buckingham's rural classification can work to your advantage, as you may qualify for USDA loans which offer 100% financing with no down payment. However, some lenders may require additional property inspections for older homes common in the area, and appraisals might take longer due to fewer comparable sales.
What special considerations should I know about when getting a mortgage for older homes in Buckingham?
Many homes in Buckingham were built in the early 20th century, so lenders may require thorough inspections and possibly repairs before closing. You'll want to budget for potential FHA 203(k) renovation loans or ensure the property meets minimum property standards. Local appraisers familiar with historic home values in Kankakee County are essential.
How competitive is the mortgage lending environment in Buckingham compared to larger Illinois cities?
Buckingham's smaller market means fewer local lenders but often more personalized service. While you might find slightly higher rates than in Chicago, local lenders understand the unique aspects of rural Kankakee County properties. Many Buckingham buyers successfully work with regional banks and credit unions that have deeper knowledge of local property values.
Why Choose a Mortgage Lender in Buckingham?
Local Market Knowledge
Lenders who understand Buckingham'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 Buckingham and get competitive rates on your home loan.