The Best Mortgage Lenders in Matteson, IL
Compare verified mortgage lenders serving Matteson, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Matteson
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated mortgage lender known for its competitive rates, digital mortgage process, and exceptional customer service. With over two decades of experience, they have a strong presence in the Chicago metropolitan area, including Matteson, and are highly regarded for their wide range of loan options and efficient closing times. Their high ratings reflect consistent customer satisfaction and reliability in the mortgage industry.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender with a focus on personalized service and community involvement. Serving Matteson and the broader Illinois region, they offer a comprehensive suite of mortgage products and are praised for their knowledgeable loan officers and smooth application process. Their long-standing experience and high customer ratings make them a trusted choice for homebuyers seeking tailored solutions.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is renowned for its competitive rates, extensive loan options, and outstanding customer support. With nearly three decades in business, they have a strong regional presence in Illinois, including Matteson, and are frequently highlighted for their efficient processing and commitment to homebuyer education. Their high review counts and ratings underscore their reliability and excellence in the mortgage lending space.
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Frequently Asked Questions
Common questions about mortgage lending in Matteson, IL
What are the current mortgage rates like for homebuyers in Matteson, IL?
Mortgage rates in Matteson typically align with national averages but can vary based on local lender competition and property type. As of recent trends, Matteson buyers can expect competitive conventional loan rates, with local credit unions often offering particularly favorable terms. It's wise to compare rates from both national lenders and local Illinois-based institutions for the best deal.
Are there any first-time homebuyer programs specifically available in Matteson?
Yes, Matteson homebuyers can access the Illinois Housing Development Authority's (IHDA) programs like the 1stHomeILLINOIS and Access Forgivable programs, which offer competitive interest rates and down payment assistance. These programs are particularly valuable in Matteson's affordable housing market, helping buyers overcome initial cost barriers. Additionally, some Cook County programs may provide additional support for qualified buyers.
How does Matteson's property tax rate affect my mortgage payments?
Matteson's property tax rates are relatively moderate for Cook County, typically ranging between 2.0-2.5% of assessed value. This means your monthly mortgage payment will include a significant escrow portion for taxes, so factor this into your budget. Many lenders will require you to escrow for taxes, adding roughly $300-500 monthly to your payment depending on home value.
What special mortgage considerations should I know about for Matteson's housing market?
Given Matteson's mix of older established homes and newer developments, mortgage lenders may require additional inspections for older properties. Also, since Matteson offers good value relative to nearby Chicago suburbs, you might qualify for more home than in pricier areas. Be prepared for potential appraisal challenges as comparable sales can vary significantly between different Matteson neighborhoods.
Are there any local down payment assistance programs available for Matteson homebuyers?
Beyond state programs, Matteson buyers may qualify for Cook County's Homebuyer Assistance Program, which can provide up to $10,000 in down payment help. Some local lenders also offer special programs for Matteson's teacher, healthcare, and municipal workers. Many Matteson homes also qualify for USDA rural development loans, which offer 100% financing despite being in a suburban area.
Nearby Cities
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Why Choose a Mortgage Lender in Matteson?
Local Market Knowledge
Lenders who understand Matteson'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 Matteson and get competitive rates on your home loan.