The Best Mortgage Lenders in Ewing, IL
Compare verified mortgage lenders serving Ewing, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ewing
Featured Mortgage Lenders
Mortgage Advisor
Guaranteed Rate
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Illinois, known for its digital-first approach and competitive rates. Founded in 2000, it has built a reputation for excellent customer service, fast closings, and a wide range of loan products. With thousands of positive reviews highlighting their efficiency and transparency, they serve Ewing and surrounding areas through online and phone services, making them a reliable choice for borrowers seeking convenience and reliability.
Loan Types:
Loan Officer
New American Funding
New American Funding is a highly-rated mortgage lender founded in 2003, offering personalized service and a diverse portfolio of loan options. They are praised for their commitment to minority and first-time homebuyers, with competitive rates and a user-friendly online platform. Serving Ewing and nationwide, they have a track record of high customer satisfaction, backed by hundreds of reviews noting their responsiveness and expertise in navigating complex mortgage scenarios.
Loan Types:
Mortgage Specialist
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation, established in 1996, is a reputable lender with a strong regional presence in the Midwest, including Illinois. They are known for their competitive rates, exceptional customer service, and community involvement. With decades of experience, they offer a wide array of loan products and have consistently high ratings for their hands-on approach and reliability, making them a trusted option for Ewing residents seeking local expertise with national resources.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Ewing, IL
What are the current average mortgage rates for homebuyers in Ewing, IL?
Mortgage rates in Ewing typically align with national averages but can vary based on local lender competition and property types. As of recent data, 30-year fixed rates in rural Illinois areas like Ewing generally range from 6.5% to 7.2%. It's best to compare offers from both local community banks and regional lenders serving Jefferson County for the most competitive rates.
Are there any first-time homebuyer programs specifically available in Ewing, IL?
Yes, Ewing homebuyers can access the Illinois Housing Development Authority's (IHDA) programs including the 1stHomeIllinois and Access Forgivable programs. These offer down payment assistance and competitive interest rates specifically for first-time buyers in Jefferson County. Additionally, some local lenders may offer special programs for Ewing's rural properties.
How does Ewing's rural location affect the mortgage approval process?
Ewing's rural classification can impact lending through USDA loan eligibility, which offers 100% financing for qualified buyers. However, some lenders may require additional property inspections for rural homes, and appraisals might take longer due to fewer comparable sales in the area. Working with lenders experienced in rural Illinois properties is recommended.
What types of properties in Ewing typically qualify for USDA rural housing loans?
Most residential properties in Ewing qualify for USDA loans since the entire village meets USDA rural area designation. This includes single-family homes, manufactured homes on permanent foundations, and some condos. The property must meet USDA safety standards and be located within Ewing's village limits or surrounding rural areas of Jefferson County.
Are there any local property tax considerations I should know about when getting a mortgage in Ewing?
Ewing property taxes in Jefferson County are generally lower than urban Illinois areas, typically ranging from 1.2% to 1.8% of assessed value. However, lenders will factor in these taxes when calculating your debt-to-income ratio. It's important to get an accurate tax estimate since agricultural influences can sometimes cause assessment variations for properties with larger land parcels.
Why Choose a Mortgage Lender in Ewing?
Local Market Knowledge
Lenders who understand Ewing'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 Ewing and get competitive rates on your home loan.