The Best Mortgage Lenders in Crete, IL
Compare verified mortgage lenders serving Crete, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Crete
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in the Chicago metropolitan area, including Crete, IL. Known for its innovative digital mortgage platform and competitive rates, the company has consistently high customer satisfaction ratings. With over two decades of experience, they offer a wide range of loan products and have a reputation for fast closings and exceptional customer service. Their local loan officers are well-versed in the Crete market, providing personalized advice and support throughout the home financing process.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated lender with a significant regional presence in Illinois, serving Crete and surrounding areas. They are praised for their competitive rates, flexible loan options, and dedicated customer service. With over 20 years in business, they have built a strong reputation for transparency and reliability, offering both purchase and refinance loans. Their local team provides tailored solutions for homebuyers in Crete, ensuring a smooth and efficient mortgage experience backed by numerous positive reviews.
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New American Funding
New American Funding, Inc.
New American Funding is a reputable national mortgage lender with a strong local office in Chicago, actively serving the Crete, IL area. They are recognized for their diverse loan programs, including options for first-time homebuyers and those with unique financial situations. With high customer satisfaction ratings, they focus on community engagement and offer competitive rates. Their experienced loan officers provide personalized service, making them a trusted choice for mortgages in the region, with many reviews highlighting their responsiveness and expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Crete, IL
What are the current mortgage rates like for homes in Crete, IL?
Mortgage rates in Crete typically align with national averages but can vary based on local market conditions and lender competition. Currently, rates for 30-year fixed mortgages in the Crete area range from the mid-6% to low-7% range, though these can fluctuate based on your credit profile, loan type, and down payment amount. Working with a local lender who understands the Will County market can help you secure competitive rates.
Are there any first-time homebuyer programs specifically available in Crete?
Yes, Crete homebuyers can access several Illinois Housing Development Authority (IHDA) programs like the 1stHomeIllinois and Access Forgivable programs, which offer down payment assistance and affordable mortgage options. Additionally, Will County offers its own Homebuyer Assistance Program that provides up to $10,000 in down payment help for eligible buyers. These programs are particularly valuable given Crete's growing housing market and can make homeownership more accessible.
How does Crete's rural character affect mortgage lending options?
Crete's semi-rural location in Will County may qualify some properties for USDA loans, which offer 100% financing with no down payment requirement. However, it's important to verify specific property eligibility since Crete sits near the boundary between eligible rural areas and ineligible suburban zones. Conventional loans remain widely available, but the rural nature means some lenders may have different appraisal requirements compared to urban areas.
What should I know about property taxes when getting a mortgage in Crete?
Crete homeowners should anticipate property taxes ranging from 2.0% to 2.5% of home value, which is typical for Will County. These taxes are factored into your monthly mortgage payment through escrow accounts, so lenders will include them when calculating your debt-to-income ratio. It's wise to research recent tax assessments on comparable properties, as Crete's taxes have been gradually increasing with community development and school district funding needs.
Are there any local Crete considerations that might affect the mortgage approval process?
Yes, Crete's mix of older historic homes and new construction means mortgage lenders may pay extra attention to property condition and required repairs. For older homes in the village's historic areas, lenders might require additional inspections or repairs before approval. Also, since Crete is experiencing growth, appraisals can be challenging as comparable sales data may vary significantly between established neighborhoods and new developments.
Nearby Cities
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Why Choose a Mortgage Lender in Crete?
Local Market Knowledge
Lenders who understand Crete'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 Crete and get competitive rates on your home loan.