The Best Mortgage Lenders in Fillmore, IL
Compare verified mortgage lenders serving Fillmore, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fillmore
Featured Mortgage Lenders
Mortgage Express
Mortgage Express
Mortgage Express is a highly-rated regional mortgage lender serving central Illinois with exceptional customer satisfaction. With over two decades of experience, they specialize in personalized mortgage solutions for both purchase and refinance transactions. Their team of local loan officers has deep knowledge of the Fillmore area real estate market and offers competitive rates across all loan programs. The company maintains a 4.9-star rating from hundreds of satisfied customers who praise their responsive communication, streamlined process, and expertise with rural property financing common in Montgomery County.
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Illinois National Bank
Illinois National Bank
As a community-focused bank with over a century of service, Illinois National Bank has built a strong reputation for mortgage lending throughout central Illinois, including Fillmore and Montgomery County. Their local loan officers provide personalized service with deep understanding of rural and agricultural property financing needs. INB offers competitive rates and a wide range of loan products, with particular expertise in construction loans and farm property mortgages. Customers consistently praise their local decision-making authority, transparent process, and commitment to the communities they serve.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Springfield Branch
Fairway Independent Mortgage's Springfield branch serves the Fillmore area with national lending power combined with local expertise. As one of the nation's largest mortgage lenders, they offer highly competitive rates and an extensive menu of loan programs. The local team has built strong relationships with real estate professionals throughout Montgomery County and understands the unique aspects of financing homes in rural communities. Customers highlight their efficient processing, excellent communication, and ability to close loans quickly while maintaining competitive pricing and flexible underwriting.
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Frequently Asked Questions
Common questions about mortgage lending in Fillmore, IL
What are the current mortgage rates like in Fillmore, IL compared to the national average?
Mortgage rates in Fillmore typically align closely with national averages, but local lenders may offer competitive rates due to the smaller market. Currently, 30-year fixed rates hover around 6.5-7%, but it's wise to check with local banks and credit unions like First National Bank in Vandalia or Montgomery County lending institutions for the most accurate, personalized rates.
Are there any first-time homebuyer programs specific to Fillmore or Montgomery County?
Yes, the Illinois Housing Development Authority (IHDA) offers statewide programs like the 1stHomeIllinois loan, which provides down payment assistance and affordable fixed-rate mortgages. These are accessible to Fillmore residents, and local lenders are familiar with the application process. Additionally, some local credit unions may have their own first-time buyer incentives.
How does Fillmore's rural location impact the mortgage process, like property appraisals?
Fillmore's rural setting can mean fewer comparable home sales ("comps") for appraisals, which might slightly lengthen the process. Lenders often use appraisers familiar with Montgomery County's rural properties to ensure accurate valuations. It's important to work with a local mortgage broker who understands these nuances.
What types of properties are most common for mortgages in Fillmore, and does this affect loan options?
Fillmore primarily features single-family homes, often on larger lots, and some older properties. This means conventional loans and FHA loans are common, but if you're considering a unique property like a farmette, you might explore USDA loans, which are well-suited for rural areas like Fillmore and offer 100% financing.
Are property taxes in Fillmore a significant factor in mortgage affordability?
Yes, Montgomery County property taxes are a key consideration, typically ranging from 1.5% to 2% of the home's assessed value. Lenders will factor this into your debt-to-income ratio, so it's important to get an accurate tax estimate when determining your budget. Fillmore's taxes are generally moderate compared to some Illinois urban areas.
Why Choose a Mortgage Lender in Fillmore?
Local Market Knowledge
Lenders who understand Fillmore'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 Fillmore and get competitive rates on your home loan.