The Best Mortgage Lenders in Hurst, IL
Compare verified mortgage lenders serving Hurst, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hurst
Featured Mortgage Lenders
Southern Illinois Credit Union
Southern Illinois Credit Union
Southern Illinois Credit Union is a highly-rated local financial institution serving the Southern Illinois region including Hurst. With over two decades of experience, they offer personalized mortgage services with competitive rates and exceptional member service. Their mortgage team specializes in first-time homebuyer programs and offers comprehensive guidance through the entire loan process. As a community-focused credit union, they prioritize member satisfaction and local economic development.
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First Southern Bank
First Southern Bank
First Southern Bank has established itself as a premier mortgage lender in Southern Illinois with multiple branches serving the Hurst area. They combine local decision-making with competitive mortgage products and exceptional customer service. Their experienced loan officers provide personalized attention throughout the mortgage process, offering various loan options tailored to individual needs. The bank's strong community presence and commitment to customer satisfaction make them a top choice for home financing in the region.
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The Mortgage Center
The Mortgage Center, Inc.
The Mortgage Center is a highly specialized mortgage brokerage serving Southern Illinois communities including Hurst. With nearly perfect customer ratings, they excel at finding the best mortgage solutions for each client's unique situation. Their team of experienced mortgage professionals works with multiple lenders to secure competitive rates and favorable terms. They are particularly praised for their responsive communication, thorough guidance through the loan process, and ability to handle complex financing scenarios effectively.
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Frequently Asked Questions
Common questions about mortgage lending in Hurst, IL
What are the current mortgage rates like for homes in Hurst, IL?
Mortgage rates in Hurst typically align with national averages, but local lenders may offer competitive rates due to the small market size. As of 2024, rates for 30-year fixed mortgages in the area generally range from 6.5% to 7.25%, though this varies by lender and borrower qualifications. It's advisable to compare offers from both local banks and credit unions in nearby communities like Herrin or Marion.
Are there any first-time homebuyer programs specifically available in Hurst?
While Hurst itself doesn't offer city-specific programs, Illinois Housing Development Authority (IHDA) programs are accessible to Hurst residents. These include the 1stHomeIllinois loan with down payment assistance and favorable terms. Additionally, some local lenders in Williamson County may offer special first-time buyer incentives, so it's worth inquiring directly with institutions like Bank of Herrin or Southern Illinois Credit Union.
How does Hurst's declining population affect mortgage lending and property values?
Hurst's decreasing population can impact mortgage lending through more conservative appraisals and potentially slower property value appreciation. Lenders may be more cautious with loan-to-value ratios in areas with declining populations. However, the town's affordable housing prices (typically $50,000-$100,000 range) can present opportunities for buyers seeking low-cost entry into homeownership.
What special considerations should I know about getting a mortgage for Hurst's older housing stock?
Many homes in Hurst were built in the early to mid-20th century, so lenders may require additional inspections for older properties. FHA 203(k) renovation loans can be particularly valuable here, allowing you to finance both purchase and repairs. Be prepared for potentially higher insurance costs and stricter appraisal requirements due to the age of many structures in the community.
Are USDA rural housing loans available in Hurst, IL?
Yes, Hurst qualifies for USDA rural development loans due to its population size and location. These programs offer 100% financing with no down payment requirement, which can be especially beneficial given the area's moderate income levels. The USDA eligibility, combined with Hurst's affordable housing market, makes this an attractive option for qualified buyers in the area.
Why Choose a Mortgage Lender in Hurst?
Local Market Knowledge
Lenders who understand Hurst'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 Hurst and get competitive rates on your home loan.