The Best Mortgage Lenders in Glendale Heights, IL
Compare verified mortgage lenders serving Glendale Heights, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Glendale Heights
Featured Mortgage Lenders
First Centennial Mortgage
First Centennial Mortgage Corporation
First Centennial Mortgage is a highly-rated local lender based in Naperville, just minutes from Glendale Heights, with over 28 years of experience serving the DuPage County area. They are known for their personalized service, competitive rates, and expertise in first-time homebuyer programs. With a 4.7-star rating from 120 reviews, customers praise their responsive communication, smooth closing processes, and commitment to finding the best loan options. Their long-standing community presence and dedication to customer satisfaction make them a top choice for Glendale Heights residents.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong local presence in the Chicago metropolitan area, including Glendale Heights. Founded in 2000, they offer a wide range of loan products and are praised for their competitive rates and efficient online application process. With a 4.5-star rating from 180 local reviews, customers highlight their professionalism, speed in processing loans, and excellent customer service. Their extensive experience and innovative technology make them a reliable option for homebuyers in Glendale Heights.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated lender with a robust regional presence that serves Glendale Heights and the broader Illinois area. Founded in 2003, they have built a reputation for their comprehensive loan options and exceptional customer care, earning a 4.6-star rating from 200 reviews. Customers appreciate their knowledgeable loan officers, flexibility in loan structuring, and ability to handle complex mortgage scenarios. Their commitment to community involvement and borrower education positions them as a trusted partner for Glendale Heights homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Glendale Heights, IL
What are the current mortgage rates like for homebuyers in Glendale Heights, IL?
Mortgage rates in Glendale Heights typically align with national averages but can vary based on local market conditions and lender competition. Currently, rates for 30-year fixed mortgages in the area range from the mid-6% to low-7% range, though this fluctuates regularly. It's wise to compare rates from multiple local lenders, including credit unions like Glendale Heights Credit Union, as they sometimes offer competitive terms for residents.
Are there any first-time homebuyer programs specifically available in Glendale Heights?
Yes, Glendale Heights homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, including the 1stHomeIllinois and Access Forgivable programs, which offer competitive interest rates and down payment assistance. These programs are particularly valuable given Glendale Heights' median home prices, which are generally more affordable than nearby Chicago suburbs. Additionally, some local lenders may offer special first-time buyer incentives, so it's worth inquiring directly.
How do property taxes in Glendale Heights affect my mortgage payment?
Glendale Heights property taxes are a significant component of your monthly mortgage payment, as DuPage County has some of the highest property tax rates in Illinois. Expect property taxes to add several hundred dollars to your monthly payment, depending on the home's value. Your lender will include these in your escrow account, so factor this into your overall housing budget when determining what you can afford.
What types of homes in Glendale Heights typically qualify for FHA loans?
FHA loans are popular in Glendale Heights for their lower down payment requirements and are commonly used for single-family homes, townhouses, and condos that meet FHA property standards. Given the prevalence of well-maintained, mid-century homes and condominium complexes in the area, many properties qualify. However, it's important to work with an FHA-approved appraiser familiar with local housing stock to ensure the property meets all requirements.
Are there any local down payment assistance programs for Glendale Heights homebuyers?
While Glendale Heights doesn't have its own municipal program, residents qualify for several county and state programs. The DuPage County HOME Program offers down payment assistance to income-eligible buyers, and the IHDA provides up to $10,000 in down payment assistance through its 1stHomeIllinois program. These programs can be particularly helpful given the competitive starter home market in Glendale Heights.
Nearby Cities
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Why Choose a Mortgage Lender in Glendale Heights?
Local Market Knowledge
Lenders who understand Glendale Heights'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 Glendale Heights and get competitive rates on your home loan.