The Best Mortgage Lenders in Maryville, IL
Compare verified mortgage lenders serving Maryville, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Maryville
Featured Mortgage Lenders
Scott Credit Union Mortgage Department
Scott Credit Union
As a highly-rated local credit union with deep roots in the Maryville community, Scott Credit Union consistently receives exceptional customer satisfaction ratings for their mortgage services. They offer personalized service with local decision-making, competitive rates for members, and extensive expertise in Illinois home financing. Their mortgage specialists provide comprehensive guidance through the entire home buying process, with particular strength in first-time homebuyer programs and VA loans. The physical branch location in Maryville ensures convenient in-person service and strong community relationships.
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Royal Banks of Missouri Mortgage Team
Royal Banks of Missouri
Royal Banks of Missouri has built an outstanding reputation throughout the Metro East Illinois region with their exceptional mortgage lending services. Located just minutes from Maryville in Godfrey, they offer local underwriting and processing with quick turnaround times. They are particularly noted for their construction and lot loan expertise, serving the growing Maryville community. Customers consistently praise their responsive communication, competitive rates, and the personal attention provided by their experienced loan officers. Their long-standing presence in the region ensures deep understanding of local market conditions.
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First State Bank Mortgage Services
First State Bank of St. Charles
First State Bank brings over a century of banking experience to the greater St. Louis metropolitan area, including Maryville, Illinois. While headquartered in Missouri, they actively serve Illinois clients and have extensive experience with cross-state mortgage transactions. They are particularly respected for their portfolio lending programs and construction loan expertise. The bank maintains strong relationships with local real estate professionals and offers the stability of a long-established community bank combined with modern mortgage technology. Their experienced loan officers provide personalized service with local decision-making authority.
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Frequently Asked Questions
Common questions about mortgage lending in Maryville, IL
What are the current average mortgage rates for homebuyers in Maryville, IL?
Mortgage rates in Maryville typically align with national averages but can vary slightly based on local lenders. As of 2024, you can expect conventional 30-year fixed rates around 6.5-7% in the Maryville area. It's best to check with local credit unions like Scott Credit Union or First Mid Bank & Trust for their current offerings, as they often have competitive rates for Maryville residents.
Are there any first-time homebuyer programs specifically available in Maryville?
Yes, Maryville homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, including the 1stHomeIllinois loan with down payment assistance. These programs are particularly valuable in Maryville's affordable housing market, where the median home price is around $200,000. Local lenders like Bank of Edwardsville are IHDA-approved and can help you navigate these options.
How does Maryville's property tax rate affect my mortgage payments?
Maryville's property tax rates in Madison County are approximately 2.0-2.3%, which is moderate for the St. Louis metro area. This means on a $200,000 home, you can expect $4,000-$4,600 annually in property taxes, which will be included in your monthly mortgage escrow payment. This is an important factor to consider when calculating your total housing costs in Maryville.
What special mortgage considerations should I know about for buying in Maryville's housing market?
Given Maryville's steady growth and proximity to Scott Air Force Base, many lenders are familiar with VA loans and military relocation. Also, since Maryville homes are generally newer construction (many built after 2000), appraisals tend to be straightforward. However, you'll want to ensure your lender understands the local market dynamics, including the high demand for homes under $250,000.
Are there local down payment assistance programs for Maryville homebuyers?
While Maryville doesn't have city-specific programs, residents qualify for Madison County's Homebuyer Assistance Program, which can provide up to $10,000 in down payment help. Additionally, the IHDA's Access Forgivable program offers up to $10,000 in down payment assistance that becomes a grant after 5 years. These programs work well with Maryville's affordable housing prices.
Why Choose a Mortgage Lender in Maryville?
Local Market Knowledge
Lenders who understand Maryville'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 Maryville and get competitive rates on your home loan.