The Best Mortgage Lenders in Hampton, IL
Compare verified mortgage lenders serving Hampton, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hampton
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is one of the top-rated digital mortgage lenders in the nation with a strong presence in the Quad Cities region serving Hampton, Illinois. They offer a streamlined online application process combined with local expertise, providing competitive rates and fast closings. Their extensive loan product portfolio caters to first-time homebuyers, move-up buyers, and investors alike. With numerous awards for customer satisfaction and technological innovation, they maintain an exceptional reputation for making the mortgage process efficient and transparent.
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IH Mississippi Valley Credit Union
IH Mississippi Valley Credit Union
As a longstanding community financial institution serving the Quad Cities area including Hampton, IH Mississippi Valley Credit Union offers personalized mortgage services with competitive rates for members. Their local decision-making process and member-focused approach ensure a smooth home financing experience. They provide comprehensive first-time homebuyer programs and financial education, along with various mortgage options tailored to individual needs. Their deep roots in the community and commitment to member service make them a trusted choice for home loans.
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U.S. Bank
U.S. Bank National Association
U.S. Bank maintains a strong physical presence in the Quad Cities region with multiple branches serving Hampton residents. As one of America's largest banks, they offer a comprehensive range of mortgage products with competitive rates and reliable service. Their local mortgage specialists provide personalized guidance through the entire home financing process, from application to closing. With extensive resources and longstanding stability, they're particularly strong for jumbo loans, construction financing, and relationship-based pricing for existing customers.
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Frequently Asked Questions
Common questions about mortgage lending in Hampton, IL
What are the current average mortgage rates for homebuyers in Hampton, IL?
Mortgage rates in Hampton typically align with national averages but can be slightly influenced by local market conditions and lender competition in the Quad Cities area. As of recent trends, 30-year fixed rates generally range from 6.5% to 7.5%, but it's best to check with local lenders like IH Mississippi Valley Credit Union or Blackhawk Bank & Trust for the most current Hampton-specific rates.
Are there any first-time homebuyer programs specifically available in Hampton, IL?
Yes, Hampton homebuyers can access Illinois Housing Development Authority (IHDA) programs like the 1stHomeIllinois loan, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for first-time buyers in Rock Island County, so it's worth consulting with mortgage advisors familiar with Hampton's housing market.
How does Hampton's proximity to the Quad Cities affect mortgage lending and property values?
Hampton's location in the Quad Cities metropolitan area provides access to more lenders and competitive rates while maintaining relatively affordable housing compared to larger Illinois cities. This proximity to employment centers like Moline and Davenport often results in stable property values, which lenders view favorably when approving mortgages in the area.
What special considerations should I know about property taxes when getting a mortgage in Hampton?
Hampton homeowners should be aware that Rock Island County property taxes are typically higher than the national average, currently around 2.2-2.5% of assessed value. Lenders will factor these taxes into your debt-to-income ratio, so it's important to budget accordingly and explore potential property tax exemptions available to Illinois homeowners.
Are there any local down payment assistance programs available for Hampton homebuyers?
Beyond state programs, some local organizations like the Quad Cities Housing Cluster may offer assistance, though specific Hampton-focused programs are limited. Many buyers successfully use IHDA's Access Forgivable loan, which provides up to $10,000 in down payment assistance that converts to a grant after five years of occupancy in the Hampton area.
Nearby Cities
Explore mortgage lenders in cities near Hampton, IL
Why Choose a Mortgage Lender in Hampton?
Local Market Knowledge
Lenders who understand Hampton'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 Hampton and get competitive rates on your home loan.