The Best Mortgage Lenders in Irving, IL
Compare verified mortgage lenders serving Irving, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Irving
Featured Mortgage Lenders
Illinois National Bank
Illinois National Bank
Illinois National Bank is a highly-rated regional bank with strong presence throughout central Illinois, including service to Irving and Montgomery County. With over two decades of experience, they offer personalized mortgage solutions and local decision-making. Their exceptional 4.8 rating reflects outstanding customer service, competitive rates, and deep community involvement. As a community-focused institution, they provide the accessibility of a local bank with the resources needed for various mortgage types, making them an excellent choice for Irving residents seeking reliable financing.
Loan Types:
Guaranteed Rate
Guaranteed Rate
Guaranteed Rate is one of the nation's top-rated digital mortgage lenders with extensive service coverage throughout Illinois, including rural areas like Irving. Founded in 2000, they've revolutionized the mortgage process with their digital platform while maintaining high-touch customer service. Their 4.7 rating across thousands of reviews demonstrates consistent excellence in competitive pricing, streamlined processes, and customer satisfaction. They offer a wide range of loan products and have particular expertise in serving both urban and rural Illinois communities with efficient, technology-driven solutions.
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U.S. Bank
U.S. Bank National Association
U.S. Bank brings substantial mortgage expertise and nationwide resources to serve Irving and surrounding Montgomery County areas. With one of the strongest reputations in banking, their mortgage division offers comprehensive loan options including USDA loans particularly beneficial for rural communities. Their 4.6 rating reflects reliable service, competitive rates, and extensive experience with Illinois housing markets. As a large national bank with deep Illinois roots, they provide the stability and product diversity that appeals to both first-time homebuyers and experienced homeowners in the Irving area.
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Frequently Asked Questions
Common questions about mortgage lending in Irving, IL
What are the current mortgage rates like for homebuyers in Irving, IL?
Mortgage rates in Irving, IL, typically align with national averages but can be influenced by local economic factors. Currently, rates for a 30-year fixed mortgage in the area range from the mid-6% to low-7% range, depending on credit score and loan type. Working with a local lender who understands the Irving market can help you secure competitive rates.
Are there any first-time homebuyer programs available specifically in Irving, IL?
Yes, first-time homebuyers in Irving can access Illinois Housing Development Authority (IHDA) programs like the 1stHomeIL loan, which offers competitive interest rates and down payment assistance. These programs are particularly valuable in Irving's affordable housing market, helping buyers overcome initial financial barriers to homeownership in the community.
How does Irving's rural location affect the mortgage process compared to larger Illinois cities?
Irving's rural setting means lenders may require additional property assessments, such as well and septic inspections, which aren't typically needed in urban areas. Additionally, some lenders might have stricter requirements for rural properties, so it's important to work with a mortgage provider experienced with Montgomery County's specific lending considerations.
What types of properties are most common in Irving's mortgage market?
Irving's mortgage market primarily consists of single-family homes and manufactured homes on owned land, reflecting the community's rural character. Traditional mortgages work well for standard homes, while manufactured homes may require specialized loan programs. The average home price in Irving is significantly below state averages, making homeownership more accessible.
Are there any local property tax considerations I should know about when getting a mortgage in Irving?
Montgomery County property taxes are an important factor in Irving mortgage calculations, with rates typically around 1.5-2% of assessed value. Your lender will help estimate these costs for your debt-to-income ratio, and it's worth noting that Irving offers stable, predictable tax assessments compared to some rapidly appreciating markets in Illinois.
Why Choose a Mortgage Lender in Irving?
Local Market Knowledge
Lenders who understand Irving'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 Irving and get competitive rates on your home loan.