The Best Mortgage Lenders in Glenview, IL
Compare verified mortgage lenders serving Glenview, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Glenview
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender headquartered in Chicago, consistently ranked among the top lenders in the U.S. for its competitive rates, innovative digital mortgage platform, and exceptional customer service. With over two decades of experience, they have a strong local presence in the Glenview area, offering a wide range of loan products tailored to first-time homebuyers, investors, and refinancers. Their high ratings stem from efficient processing, transparency, and dedicated loan officers who provide personalized guidance throughout the mortgage process.
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New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender known for its commitment to diversity, community involvement, and customer-centric approach. They excel in serving the Glenview area with a variety of loan programs, including options for low-to-moderate income borrowers and first-time homebuyers. Their reputation is built on responsive service, competitive rates, and a streamlined application process. With two decades of experience, they have earned strong reviews for their reliability and ability to handle complex financial situations.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated lender with a robust presence in Illinois, offering comprehensive mortgage solutions for the Glenview community. They are praised for their knowledgeable loan officers, competitive pricing, and efficient closing processes. With 20 years of experience, they provide personalized service for a range of loan types, including government-backed and jumbo loans. Their high customer satisfaction ratings reflect their dedication to making home financing accessible and straightforward, with a focus on building long-term relationships.
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Frequently Asked Questions
Common questions about mortgage lending in Glenview, IL
What are the current mortgage rates like for homes in Glenview, IL?
Mortgage rates in Glenview are competitive with national averages but can be influenced by Cook County's property taxes and the area's high property values. As of late 2023, rates for 30-year fixed mortgages typically range from 6.5% to 7.5%, but it's best to check with local lenders for real-time quotes. Glenview's strong housing market and desirable school districts can sometimes result in slightly better rates for well-qualified buyers.
Are there any first-time homebuyer programs specific to Glenview?
While Glenview itself doesn't offer city-specific first-time buyer programs, Cook County provides the Welcome Home Illinois program offering down payment assistance up to $10,000. Additionally, Illinois Housing Development Authority (IHDA) programs are widely used in Glenview, providing competitive rates and down payment assistance to qualified first-time buyers meeting income limits.
How do Glenview's property taxes affect mortgage qualification?
Glenview's property taxes are among the highest in Cook County, typically ranging from 1.8% to 2.2% of home value. Lenders factor these taxes into your debt-to-income ratio, which may reduce the loan amount you qualify for compared to areas with lower taxes. It's crucial to work with a local mortgage professional who understands how Glenview's tax structure impacts borrowing capacity.
What special considerations should I know about getting a mortgage for Glenview's historic homes?
Glenview has several historic districts, including the Historic Downtown area, which may require special mortgage considerations. Some older homes might need additional inspections for historic preservation compliance, and renovation loans like FHA 203(k) are popular for these properties. Lenders may have specific requirements for homes in designated historic areas, so working with someone experienced in Glenview historic properties is advisable.
Are jumbo loans common in Glenview's housing market?
Yes, jumbo loans are quite common in Glenview given the area's higher-priced housing market, with many homes exceeding the conventional loan limits ($766,550 in 2023). Local lenders are experienced with jumbo mortgages and often offer competitive terms. However, these loans typically require stronger credit profiles (700+ scores) and larger down payments (often 20% or more) compared to conventional financing.
Why Choose a Mortgage Lender in Glenview?
Local Market Knowledge
Lenders who understand Glenview'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 Glenview and get competitive rates on your home loan.