The Best Mortgage Lenders in Greenville, IL
Compare verified mortgage lenders serving Greenville, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greenville
Featured Mortgage Lenders
Scott Credit Union Mortgage Team
Scott Credit Union
Scott Credit Union stands out as one of southern Illinois' most trusted mortgage lenders with an exceptional reputation for customer service. While headquartered in O'Fallon, they actively serve the Greenville community with competitive rates and personalized mortgage solutions. Their experienced loan officers specialize in first-time homebuyer programs and offer comprehensive guidance through the entire mortgage process. With consistently high customer satisfaction ratings and a wide range of loan products, they've built a strong regional presence through their commitment to member service and community involvement.
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First Mid Mortgage Team
First Mid Bank & Trust
First Mid Bank & Trust has deep roots in Greenville with an actual physical branch location in the community, providing local expertise and personalized service. As an established community bank with over 150 years of experience, they offer the stability of a traditional bank with the personal attention of a local lender. Their mortgage team understands the local Greenville real estate market intimately and provides competitive rates with flexible terms. Customers consistently praise their responsive service, straightforward process, and commitment to finding the right mortgage solution for each borrower's unique situation.
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USA Mortgage - Illinois Team
USA Mortgage (Derek C. Smith)
USA Mortgage has built an outstanding reputation throughout southern Illinois, including strong service to Greenville area homebuyers. With exceptionally high customer ratings and numerous industry awards, they're known for their efficient processing and competitive rate offerings. Their Illinois team specializes in serving the broader metro-east region with expertise in both conventional and government-backed loans. Customers consistently highlight their transparent communication, quick closings, and the personalized attention provided throughout the mortgage process. Their strong regional presence and extensive experience make them a top choice for Greenville area borrowers.
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Frequently Asked Questions
Common questions about mortgage lending in Greenville, IL
What are the current average mortgage rates for homebuyers in Greenville, IL?
Mortgage rates in Greenville 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 the area generally range from 6.5% to 7.25%, though Bond County's rural designation sometimes offers slightly better terms through local lenders like First National Bank of Baldwin or First Community Bank.
Are there any first-time homebuyer programs specifically available in Greenville?
Yes, Greenville homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, including the 1stHomeIL loan with competitive rates and down payment assistance. Additionally, Bond County's participation in USDA Rural Development loans makes zero-down-payment mortgages widely available for qualifying properties in and around Greenville.
How does Greenville's housing market affect mortgage approval and home values?
Greenville's stable, affordable housing market (median home price around $150,000) generally makes mortgage qualification more accessible than in larger Illinois cities. However, lenders may require additional scrutiny for older properties common in Greenville's historic districts, and appraisals sometimes come in conservative due to the rural market's slower comparables.
What local lenders in Greenville offer the best mortgage terms?
Local institutions like First National Bank of Baldwin and First Community Bank of Greenville often provide personalized service and competitive rates, particularly for USDA and FHA loans that suit the area. These community banks typically offer more flexibility with local employment history and rural property types than national lenders might.
Are there property tax considerations I should know about when getting a mortgage in Greenville?
Bond County property taxes average approximately 1.8-2.2% of home value, which lenders factor into your debt-to-income ratio. Greenville's relatively stable tax rates help with mortgage budgeting, but you should verify specific tax amounts with the Bond County Treasurer's office, as some properties may have special assessments or agricultural exemptions affecting payments.
Nearby Cities
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Why Choose a Mortgage Lender in Greenville?
Local Market Knowledge
Lenders who understand Greenville'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 Greenville and get competitive rates on your home loan.