The Best Mortgage Lenders in Evergreen Park, IL
Compare verified mortgage lenders serving Evergreen Park, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Evergreen Park
Featured Mortgage Lenders
Alliant Credit Union Mortgage Department
Alliant Credit Union
Alliant Credit Union stands out as one of the highest-rated mortgage lenders serving the Evergreen Park area, with their nearby Worth location providing convenient local service. As a not-for-profit financial cooperative, they offer competitive rates and exceptional member service. Their mortgage team specializes in first-time homebuyer programs and offers a full range of loan products with personalized guidance. With over 85 years of financial service experience and consistently high customer satisfaction ratings, they provide digital mortgage applications combined with local expert support.
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Wintrust Mortgage
Wintrust Mortgage
Wintrust Mortgage has built an outstanding reputation throughout Chicago's south suburbs including Evergreen Park, with their Oak Lawn office providing localized service. As part of the Wintrust Financial Corporation, they combine the resources of a large financial institution with community-focused service. They excel in competitive rate offerings and streamlined digital processes while maintaining personal relationships. Their loan officers have extensive experience with the local Evergreen Park real estate market and offer specialized programs for various borrower needs.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Orland Park location provides comprehensive mortgage services to Evergreen Park homebuyers with a strong focus on customer education and competitive pricing. They distinguish themselves through their extensive loan product portfolio and commitment to closing loans on time. Their local team has deep knowledge of the Chicago south suburban market and maintains excellent communication throughout the lending process. With nearly two decades of experience and nationwide reach, they offer both technological efficiency and personalized service for Evergreen Park residents.
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Frequently Asked Questions
Common questions about mortgage lending in Evergreen Park, IL
What are the current average mortgage rates for homebuyers in Evergreen Park, IL?
Mortgage rates in Evergreen Park are generally competitive with national averages but can vary based on the lender and your financial profile. As of late 2023, rates for a 30-year fixed mortgage in the Chicago metro area typically range from 6.5% to 7.5%. It's wise to compare offers from local credit unions like Evergreen Park Community Credit Union alongside national lenders for the best terms.
Are there any first-time homebuyer programs specifically for Evergreen Park residents?
Yes, Evergreen Park homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, including the 1stHomeIL loan with competitive rates and down payment assistance. Additionally, some local lenders may offer special programs for village employees or teachers. These programs can provide valuable support given the village's median home prices in the $250,000-$350,000 range.
How does Evergreen Park's property tax rate affect my mortgage payments?
Evergreen Park has relatively high property taxes compared to national averages, currently around 2.3% of assessed value. This means your monthly mortgage payment will include a significant escrow portion for taxes. For a $300,000 home, expect to pay approximately $6,900 annually in property taxes, which adds about $575 to your monthly mortgage payment.
What special considerations should I know about getting a mortgage for an older Evergreen Park home?
Many Evergreen Park homes were built between the 1940s-1960s, so mortgage lenders may require additional inspections for older properties. You might encounter requirements for sewer line inspections, electrical system evaluations, or roof certifications. Some lenders may also have stricter appraisal requirements for homes needing significant updates, so budget accordingly for potential repair costs.
Are there local down payment assistance programs available in Evergreen Park?
While Evergreen Park doesn't have village-specific down payment programs, residents qualify for Cook County and State of Illinois assistance programs. The IHDA's Access Forgivable and Access Deferred programs offer up to $10,000 in down payment assistance for qualified buyers. Some local employers, including Little Company of Mary Hospital, may also offer housing assistance benefits to employees purchasing in the area.
Nearby Cities
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Why Choose a Mortgage Lender in Evergreen Park?
Local Market Knowledge
Lenders who understand Evergreen Park'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 Evergreen Park and get competitive rates on your home loan.