The Best Mortgage Lenders in Enfield, IL
Compare verified mortgage lenders serving Enfield, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Enfield
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Illinois, serving Enfield and surrounding areas. Known for its competitive rates and innovative online tools, the company has built a reputation for excellent customer service and fast loan processing. With over two decades of experience, they offer a wide range of loan products and have consistently high customer satisfaction ratings due to their transparency and efficiency in the mortgage process.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender that serves Enfield and rural Illinois communities with a focus on personalized service and competitive financing options. Founded in 2003, they have grown into a national leader with a strong regional presence, offering expertise in various loan types including government-backed programs. Their high customer ratings reflect a commitment to guiding borrowers through the mortgage process with clarity and support, making them a trusted choice for homebuyers in the area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a dedicated focus on community service and efficient loan origination, serving Enfield and similar markets. Since its founding in 2008, the company has earned high marks for its responsive customer care and competitive rates, particularly in rural and underserved areas. Their streamlined process and wide array of loan products, combined with a strong ethical approach, make them a top contender for borrowers seeking reliable and supportive mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Enfield, IL
What are typical mortgage rates for homebuyers in Enfield, IL?
Mortgage rates in Enfield generally align with national averages, but local lenders may offer competitive rates for rural properties common in White County. Current rates typically range from 6.5% to 7.5% for 30-year fixed mortgages, though your specific rate will depend on credit score, down payment, and property type in this agricultural community.
Are there any first-time homebuyer programs specifically for Enfield residents?
While Enfield itself doesn't offer local programs, White County residents can access Illinois Housing Development Authority (IHDA) programs like the 1stHomeIllinois loan, which provides down payment assistance. These programs are particularly valuable in Enfield's affordable housing market where median home prices are below state averages.
How does Enfield's rural location affect mortgage lending requirements?
Enfield's rural classification can impact lending through USDA Rural Development loans, which are widely available here and offer 100% financing. However, some conventional lenders may have stricter requirements for older farmhouses or properties on larger lots, which are common in this area of southeastern Illinois.
What should I know about property taxes when getting a mortgage in Enfield?
White County property taxes in Enfield are relatively moderate compared to urban Illinois areas, typically ranging from 0.8% to 1.2% of assessed value. Your lender will factor these taxes into your monthly payment calculation, and it's important to note that agricultural land surrounding properties may have different tax considerations.
Are there local lenders in Enfield who understand the unique aspects of this housing market?
While Enfield has limited local banking options, nearby communities like Carmi and Mount Vernon have community banks and credit unions familiar with Enfield's specific market conditions. These lenders often have better understanding of valuing rural properties and working with agricultural-income borrowers compared to national online lenders.
Why Choose a Mortgage Lender in Enfield?
Local Market Knowledge
Lenders who understand Enfield'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 Enfield and get competitive rates on your home loan.