SSL Secured
Privacy Protected
Licensed & Regulated
MortgageLenderNearMe
Lawrenceville, IL

The Best Mortgage Lenders in Lawrenceville, IL

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

3
Top Lenders
4.8
Avg Rating
385+
Reviews
9
Loan Types

Available Loan Programs in Lawrenceville

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
ARM

Featured Mortgage Lenders

1

Mortgage Department

People's Trust & Savings Bank

★★★★☆
4.8/5

As Lawrenceville's hometown bank for over a century, People's Trust & Savings Bank offers exceptional personalized mortgage service with deep local market knowledge. Their experienced loan officers provide competitive rates on all loan types with the advantage of local underwriting and decision-making. The bank maintains outstanding customer satisfaction ratings for their attentive service throughout the entire home buying process, from pre-approval to closing.

Experience:25 years
Reviews:85 customer reviews
1201 State Street, Lawrenceville, IL 62439

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
Visit Website
2

Mortgage Lending Division

First Mid Bank & Trust

★★★★☆
4.7/5

First Mid Bank & Trust is a highly-rated regional bank with strong presence throughout Southern Illinois, serving Lawrenceville with dedicated mortgage professionals. They offer comprehensive mortgage solutions with competitive rates and exceptional customer service. Their experienced team specializes in guiding borrowers through the entire process with personalized attention, earning them consistently high ratings for customer satisfaction and reliability.

Experience:20 years
Reviews:120 customer reviews
1515 Broadway, Mattoon, IL 61938

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerConstructionRefinance
Visit Website
3

Local Mortgage Office

Fairway Independent Mortgage Corporation

★★★★☆
4.9/5

Fairway Independent Mortgage Corporation is a nationally recognized mortgage lender with a highly-rated local team serving the Lawrenceville area. They consistently earn top ratings for their exceptional customer service, competitive rates, and efficient loan processing. Their experienced loan officers specialize in finding the right mortgage solution for each borrower's unique situation, with particular expertise in first-time homebuyer programs and government-backed loans.

Experience:15 years
Reviews:180 customer reviews
4606 Office Park Drive, Evansville, IN 47715

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinanceFirst-time Homebuyer
Visit Website

Frequently Asked Questions

Common questions about mortgage lending in Lawrenceville, IL

What are the current average mortgage rates in Lawrenceville, IL, and how do they compare to state averages?

Mortgage rates in Lawrenceville typically align closely with national averages but may be slightly lower than those in larger Illinois metro areas due to lower cost of living. As of recent data, 30-year fixed rates in Lawrenceville generally range from 6.5% to 7%, though this fluctuates with market conditions. Local lenders like First Financial Bank and Peoples Bank often offer competitive rates specifically for Lawrence County residents.

Are there any first-time homebuyer programs specifically available for Lawrenceville residents?

Yes, Lawrenceville 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, some local lenders may offer special programs for Lawrence County teachers, healthcare workers, or veterans. These programs can provide down payment assistance up to $10,000 with forgivable loans in some cases.

How does Lawrenceville's rural location affect mortgage lending requirements and property types?

Lawrenceville's rural character means many properties include acreage, outbuildings, or agricultural elements, which can require specialized appraisals and potentially different lending criteria. USDA loans are particularly popular here since Lawrence County qualifies for USDA rural development loans, offering 100% financing with no down payment required for eligible borrowers and properties.

What unique closing costs should Lawrenceville homebuyers expect compared to other Illinois cities?

Lawrenceville homebuyers typically encounter standard Illinois closing costs but should budget for specific local fees including Lawrence County transfer taxes, which are approximately $0.50 per $500 of sale price. Additionally, rural properties may require more extensive well and septic inspections than urban properties, adding $400-$800 to typical closing costs.

How does Lawrenceville's stable but slow-growing housing market impact mortgage approval and home values?

Lawrenceville's steady housing market means appraisals generally come in close to purchase prices, reducing mortgage approval complications. However, lenders may be more cautious with unique or higher-value properties due to the smaller comparable sales pool. The market's stability does mean home values appreciate slowly but consistently, typically 2-3% annually, which lenders view favorably.

Mortgage Insights

Finding Your Guide: Why a Local Mortgage Loan Officer is Key to Buying a Home in Lawrenceville

If you're starting your homebuying journey in Lawrenceville, you've likely searched "mortgage loan officer near me." That instinct is spot on. While online applications are convenient, partnering with a local mortgage professional in Lawrenceville isn't just about convenience—it's a strategic move that can make all the difference in our unique market.

Lawrenceville offers a blend of charming historic homes, affordable newer constructions, and spacious rural properties. A loan officer based here understands these nuances. They know how to accurately appraise a classic Victorian on 12th Street versus a acreage property on the outskirts. This local expertise is invaluable when it comes to securing financing that aligns with the true value of your potential home, helping to ensure a smooth appraisal process.

On a practical level, a local loan officer provides accessibility that national call centers can't match. You can meet face-to-face at a local coffee shop, they can quickly drive by a property you're considering, and they have established relationships with Lawrenceville real estate agents, title companies, and attorneys. This network streamlines communication, often preventing last-minute hiccups before closing. For a first-time homebuyer navigating the process, having a trusted local advisor to answer questions in real-time is priceless.

Illinois-specific programs are another critical area where a local expert shines. They can guide you through state-sponsored initiatives like the Illinois Housing Development Authority (IHDA) programs, which offer competitive interest rates, down payment assistance, and grants for eligible buyers. These programs can be game-changers, especially for teachers, veterans, or first-time buyers in Lawrenceville. A loan officer familiar with Illinois guidelines will know if you qualify and can expertly navigate the application alongside your conventional loan.

Your actionable advice starts here. First, ask potential loan officers specific questions: "How many loans have you closed in Lawrence County?" or "What Illinois down payment assistance programs do you most frequently use?" Second, seek referrals from your real estate agent or friends who have recently purchased locally—personal experience is a powerful indicator. Finally, choose someone who educates you about the long-term impact of your loan choices, not just the monthly payment. In a smaller community like ours, you want a partner who will be there for the life of your loan.

Buying a home is one of life's most significant decisions. In Lawrenceville, making that decision with a mortgage loan officer who knows our streets, our market values, and our state programs isn't just helpful—it's the smartest first step you can take.

Nearby Cities

Explore mortgage lenders in cities near Lawrenceville, IL

Why Choose a Mortgage Lender in Lawrenceville?

Local Market Knowledge

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