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Fidelity, IL

The Best Mortgage Lenders in Fidelity, IL

Compare verified mortgage lenders serving Fidelity, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
702+
Reviews
8
Loan Types

Available Loan Programs in Fidelity

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
Lot Loans

Featured Mortgage Lenders

1

First Mid Bank & Trust

First Mid Bank & Trust, N.A.

★★★★☆
4.8/5

First Mid Bank & Trust is a highly-rated community bank headquartered just 15 miles from Fidelity in Jerseyville, making them exceptionally well-positioned to serve Fidelity residents. With over 150 years of service to southwestern Illinois communities, they offer personalized mortgage services with local decision-making. Their mortgage team provides competitive rates on all major loan types including USDA loans which are particularly valuable for rural areas like Fidelity. Customers consistently praise their responsive service, transparent process, and commitment to the local community.

Experience:158 years
Reviews:185 customer reviews
1515 Main Street, Jerseyville, IL 62052

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Carrollton Bank

Carrollton Bank

★★★★☆
4.7/5

Carrollton Bank has been serving Jersey County and surrounding areas for over 50 years, with their Jerseyville location just a short drive from Fidelity. They specialize in rural and agricultural lending, making them particularly well-suited for Fidelity's community needs. Their mortgage department offers comprehensive loan options including specialized agricultural property financing. Reviewers highlight their knowledgeable staff, competitive rates, and understanding of rural property values and financing challenges unique to the region.

Experience:57 years
Reviews:92 customer reviews
100 South State Street, Jerseyville, IL 62052

Loan Types:

ConventionalFHAVAUSDAConstructionLot LoansRefinance
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3

U.S. Bank

U.S. Bank National Association

★★★★☆
4.6/5

U.S. Bank maintains a strong physical presence in the broader region with their Alton branch approximately 25 miles from Fidelity, serving clients throughout Jersey County. As one of the nation's largest banks with deep roots in the Midwest, they offer competitive mortgage rates and a wide range of loan products. Their expertise in USDA rural development loans makes them particularly valuable for Fidelity area homebuyers. Customers appreciate their digital mortgage tools combined with local branch support, reliable service, and extensive experience with Illinois property financing.

Experience:161 years
Reviews:425 customer reviews
2100 Homer M. Adams Parkway, Alton, IL 62002

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Fidelity, IL

What are the current average mortgage rates for homebuyers in Fidelity, IL?

Mortgage rates in Fidelity typically align with national averages but can vary based on local lenders and property types. As of recent data, 30-year fixed rates in the area range from 6.5% to 7.25%, though rural properties might see slightly higher rates. It's best to check with local lenders like First National Bank of Arenzville or Jacksonville Savings Bank for the most current Fidelity-specific rates.

Are there any special mortgage programs for first-time homebuyers in Fidelity?

Yes, Illinois Housing Development Authority (IHDA) programs are available to Fidelity residents, offering down payment assistance and affordable fixed-rate mortgages. Additionally, some local lenders may offer special programs for first-time buyers in this rural community. These programs can be particularly helpful given Fidelity's modest median home prices compared to larger Illinois cities.

How does Fidelity's rural location affect the mortgage approval process?

Fidelity'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 require more thorough property inspections due to the area's older housing stock and limited comparable sales. Appraisals might take longer since appraisers often need to travel from larger nearby cities.

What unique closing costs should I expect when buying a home in Fidelity?

Beyond standard closing costs, Fidelity homebuyers should budget for rural-specific expenses like well and septic inspections, which typically cost $400-$600 combined. You may also encounter higher title insurance costs due to the smaller local market. Property transfer taxes in Illinois apply, but some rural counties offer slight variations.

Are there local property tax considerations I should know about for mortgage planning in Fidelity?

Yes, Scott County property taxes are relatively affordable compared to urban Illinois areas, typically ranging from 0.8% to 1.2% of assessed value. However, agricultural land assessments can affect overall tax rates in this rural community. Your mortgage lender will help estimate escrow payments, but consulting the Scott County Assessor's office for specific property tax information is recommended.

Mortgage Insights

Finding Your Perfect Home Loan in Fidelity, Illinois

Searching for "home loans near me" is often the first real step toward homeownership. But in a close-knit community like Fidelity, Illinois, finding the right mortgage is about more than just rates and terms—it’s about finding a partner who understands our local landscape. The Fidelity market, like much of rural Adams County, offers a unique blend of affordability and opportunity, making a localized approach to your home loan search absolutely essential.

While online lenders are convenient, starting your search locally can provide significant advantages here. Local lenders and credit unions, such as those in Quincy or nearby communities, have a deep understanding of property values in Fidelity and the surrounding townships. They’re familiar with the types of homes available, from historic properties to newer builds on larger lots, and can accurately assess appraisals in our specific market. This local expertise can streamline the process and prevent surprises down the line.

As an Illinois homebuyer, you have access to several state-specific programs that can make homeownership more attainable. The Illinois Housing Development Authority (IHDA) offers programs like the 1stHomeIllinois loan, which provides down payment assistance and competitive interest rates for first-time buyers. For qualified buyers in Fidelity, this assistance can be a game-changer, helping to cover the upfront costs that can be a hurdle. Additionally, explore the IHDAccess Forgivable loan, which offers down payment help that doesn’t need to be repaid if you live in the home for a certain period. These programs are designed to support buyers in communities across the state, including ours.

Your actionable first step? Get pre-approved by a lender familiar with Illinois programs. A local pre-approval letter does two things: it shows sellers you’re a serious, qualified buyer in a market where personal connections matter, and it gives you a clear budget. With that budget in hand, you can confidently explore Fidelity’s offerings, whether you’re looking for a quiet country home or a property closer to the heart of the village.

Finally, remember that your real estate agent is a key ally. A good agent working in the Adams County area will have established relationships with local lenders and can recommend those known for smooth closings and understanding the nuances of rural properties, like wells, septic systems, and land surveys—common considerations here.

Buying a home in Fidelity is about investing in a peaceful, community-oriented lifestyle. By focusing your home loan search on local expertise and Illinois-specific resources, you’re not just securing a mortgage—you’re building a foundation for your future in a place you can truly call home.

Nearby Cities

Explore mortgage lenders in cities near Fidelity, IL

Why Choose a Mortgage Lender in Fidelity?

Local Market Knowledge

Lenders who understand Fidelity'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 Fidelity and get competitive rates on your home loan.