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Griggsville, IL

The Best Mortgage Lenders in Griggsville, IL

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

3
Top Lenders
4.8
Avg Rating
415+
Reviews
9
Loan Types

Available Loan Programs in Griggsville

Conventional
FHA
VA
USDA
Construction
Refinance
Jumbo
Lot Loans
ARM

Featured Mortgage Lenders

1

Farmers State Bank of Western Illinois

Farmers State Bank of Western Illinois

★★★★☆
4.8/5

As the primary community bank serving Pike County where Griggsville is located, Farmers State Bank of Western Illinois has deep roots in the region with over a century of service. They offer personalized mortgage lending with local decision-making and understand the unique needs of rural Illinois communities. Their loan officers have extensive experience with agricultural properties and rural housing, making them exceptionally well-suited for Griggsville residents. The bank maintains strong relationships with local real estate professionals and offers competitive rates with flexible terms tailored to individual circumstances.

Experience:115 years
Reviews:85 customer reviews
210 W Washington St, Pittsfield, IL 62363

Loan Types:

ConventionalFHAVAUSDAConstructionRefinance
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2

First Bankers Trust Company

First Bankers Trust Company, N.A.

★★★★☆
4.7/5

First Bankers Trust has been serving West Central Illinois for nearly a century and maintains a strong presence throughout the region including Pike County. As a community-focused institution with multiple branches, they offer comprehensive mortgage services with local underwriting and personalized service. Their experienced loan officers specialize in both urban and rural properties and have particular expertise with the unique aspects of Illinois rural lending. They're known for competitive rates, transparent processes, and building long-term relationships with borrowers throughout the mortgage lifecycle.

Experience:95 years
Reviews:120 customer reviews
201 South 6th Street, Quincy, IL 62301

Loan Types:

ConventionalJumboFHAVAUSDAConstructionLot Loans
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3

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation - Quincy Office

★★★★☆
4.9/5

Fairway Independent Mortgage operates a highly-rated Quincy office that actively serves Griggsville and surrounding Pike County areas. As a national lender with strong local presence, they combine the resources of a large mortgage company with personalized local service. Their Quincy-based loan officers have extensive knowledge of the local market conditions and property values in Western Illinois. Fairway is particularly noted for competitive rates, efficient processing, and excellent customer service, with many customers praising their responsiveness and ability to close loans quickly while maintaining competitive terms.

Experience:25 years
Reviews:210 customer reviews
3331 Broadway Street, Quincy, IL 62301

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstructionARM
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Frequently Asked Questions

Common questions about mortgage lending in Griggsville, IL

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

Mortgage rates in Griggsville typically align with national averages but can be slightly lower due to the rural nature of Pike County. As of 2024, conventional 30-year fixed rates generally range from 6.5% to 7.25%, though local lenders like First State Bank of Pike County may offer competitive regional rates. It's best to check with local community banks and credit unions for the most current Griggsville-specific rates.

Are there any first-time homebuyer programs specifically available in Griggsville?

Yes, Griggsville homebuyers can access the Illinois Housing Development Authority's (IHDA) programs like the 1stHomeIllinois loan, which offers competitive interest rates and down payment assistance. Additionally, local lenders may offer special programs for Griggsville residents, particularly given the city's smaller market and affordable housing prices compared to urban areas.

How does Griggsville's rural location affect mortgage lending requirements?

Griggsville's rural designation can work to borrowers' advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some lenders may require additional documentation for property appraisals in rural areas. Local lenders familiar with Pike County properties typically provide the smoothest process for Griggsville home purchases.

What should I know about property taxes when getting a mortgage in Griggsville?

Griggsville property taxes in Pike County are generally lower than state averages, currently around 1.5-2.0% of assessed value. When qualifying for a mortgage, lenders will factor these taxes into your debt-to-income ratio. It's important to get an accurate tax estimate since Griggsville properties are reassessed every four years in Pike County.

Are there any local down payment assistance programs for Griggsville homebuyers?

While Griggsville itself doesn't offer city-specific programs, Pike County residents can access the IHDA's Down Payment Assistance program providing up to $10,000 as a forgivable loan. Some local employers, particularly in the agriculture and manufacturing sectors, may also offer housing assistance programs for employees purchasing homes in the Griggsville area.

Nearby Cities

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Why Choose a Mortgage Lender in Griggsville?

Local Market Knowledge

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