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Nashville, IL

The Best Mortgage Lenders in Nashville, IL

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

3
Top Lenders
4.7
Avg Rating
745+
Reviews
10
Loan Types

Available Loan Programs in Nashville

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Home Equity
First-Time Homebuyer
ARM

Featured Mortgage Lenders

1

First Mid Bank & Trust

First Mid Bank & Trust

★★★★☆
4.7/5

First Mid Bank & Trust is a highly reputable community bank with deep roots in southern Illinois, serving Nashville and surrounding areas for over a century. Known for its personalized customer service and competitive mortgage rates, it boasts a 4.7-star rating from numerous customer reviews highlighting its reliability, local expertise, and smooth loan processing. As a FDIC-insured institution, it offers a wide range of loan products, including government-backed options, and is praised for its commitment to the community, making it a top choice for homebuyers in the region.

Experience:159 years
Reviews:185 customer reviews
1200 S Grand Ave, Nashville, IL 62263

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Scott Credit Union

Scott Credit Union

★★★★☆
4.6/5

Scott Credit Union is a member-focused financial institution with a strong presence in southern Illinois, including service to Nashville residents. It has a 4.6-star rating based on over 200 reviews, emphasizing its excellent customer service, low fees, and competitive mortgage rates. Founded over 80 years ago, Scott Credit Union offers tailored loan solutions and educational resources for first-time homebuyers, with a reputation for transparency and community involvement. Its digital tools and local branch support make it a trusted option for mortgages in the area.

Experience:81 years
Reviews:210 customer reviews
1000 Eastport Plaza Dr, Collinsville, IL 62234

Loan Types:

ConventionalFHAVAUSDARefinanceHome EquityFirst-Time Homebuyer
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3

Guaranteed Rate

Guaranteed Rate, Inc.

★★★★☆
4.8/5

Guaranteed Rate is a nationally recognized mortgage lender with a strong track record of serving Illinois, including the Nashville area through its online and agent network. With a 4.8-star rating from hundreds of reviews, it is acclaimed for its competitive rates, fast closing times, and user-friendly digital platform. Founded in 2000, it combines innovation with extensive experience, offering a wide array of loan types and exceptional customer support. Its high customer satisfaction scores and efficient processes make it a top contender for borrowers seeking reliable and modern mortgage solutions.

Experience:24 years
Reviews:350 customer reviews
230 W Monroe St, Chicago, IL 60606

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceARM
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Frequently Asked Questions

Common questions about mortgage lending in Nashville, IL

What are the current average mortgage rates for homebuyers in Nashville, IL?

Mortgage rates in Nashville, IL, typically align with national averages but can be influenced by local economic factors. As of recent trends, 30-year fixed rates generally range from 6.5% to 7%, though it's best to check with local lenders like First National Bank of Nashville or Scott Credit Union for the most accurate, personalized rates. Rates can vary based on credit score, loan type, and down payment amount.

Are there any first-time homebuyer programs available specifically in Nashville, IL?

Yes, first-time homebuyers in Nashville, IL, may qualify for the Illinois Housing Development Authority (IHDA) programs, such as the 1stHomeIllinois loan, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs or grants tailored to residents of Washington County. It's advisable to consult with a mortgage advisor familiar with state and local options.

How does the property tax system in Nashville, IL, affect my mortgage payments?

Property taxes in Nashville, IL, are administered through Washington County and can impact your monthly mortgage payment if escrowed. The median property tax rate in Washington County is around 1.5% of assessed value, which is relatively moderate for Illinois. Lenders will factor this into your debt-to-income ratio, so it's important to budget for these costs when considering your overall mortgage affordability.

What types of mortgages are most common for homes in Nashville, IL's housing market?

In Nashville, IL, conventional fixed-rate mortgages are popular due to the area's stable, rural housing market. FHA and USDA loans are also common, especially for buyers in outlying areas who may qualify for USDA's rural housing programs. Given the affordable home prices, many buyers opt for 15- or 30-year fixed loans to lock in predictable payments.

How do appraisals work for homes in Nashville, IL, and what should I expect?

Appraisals in Nashville, IL, are conducted by licensed appraisers who evaluate the property based on local market conditions, including recent sales of comparable homes in Washington County. Given the mix of town and rural properties, appraisers may consider factors like land size, outbuildings, and condition. It's wise to work with a lender who uses appraisers familiar with the area to ensure a fair valuation.

Mortgage Insights

Your Nashville, IL Mortgage Partner: Finding the Right Local Loan Officer

If you're starting the exciting journey to buy a home in Nashville, Illinois, you might be searching online for a "mortgage loan officer near me." This is one of the most important first steps you can take. In a close-knit, local market like ours, partnering with a knowledgeable mortgage professional who understands Washington County isn't just convenient—it's a strategic advantage for your home purchase.

The Nashville, IL housing market has its own unique rhythm. We're not dealing with the frantic pace of a major metro area, but that doesn't mean preparation isn't key. A local loan officer brings invaluable insight into how homes are valued in our specific neighborhoods, from properties near Nashville Community High School to quieter lots on the outskirts. They understand the appraisals process for our mix of historic homes, newer constructions, and rural properties with acreage. Their local network can also be a goldmine, often having trusted relationships with real estate agents, title companies, and home inspectors right here in town, making your entire process smoother.

When looking for your loan officer, don't just pick the first name in the search results. Here’s your actionable plan: First, ask for recommendations from friends, family, or your real estate agent who have recently bought locally. Personal referrals in a small town carry significant weight. Then, interview a few candidates. Ask them directly: "What is your experience with USDA Rural Development loans in Washington County?" This is a crucial question. Many areas around Nashville qualify for these USDA programs, which offer fantastic benefits like zero down payment for eligible buyers—a game-changer for many local families and first-time buyers.

Beyond USDA, a good Illinois loan officer will guide you through other state-specific resources. They can explain programs like the Illinois Housing Development Authority (IHDA) offerings, which may provide down payment assistance or favorable rates for qualifying buyers. They’ll also help you navigate the particulars of property taxes and insurance in our region.

Your ultimate goal is to find a partner, not just a processor. The right local loan officer will take the time to explain your options in plain English, be readily available to answer your questions, and will proactively communicate throughout the loan process. They should make you feel confident and supported.

Start your homebuying journey on solid financial ground. By taking the time to find a mortgage loan officer who is truly invested in the Nashville community, you're doing more than just securing a loan—you're gaining a local expert dedicated to helping you plant roots in our wonderful town.

Nearby Cities

Explore mortgage lenders in cities near Nashville, IL

Why Choose a Mortgage Lender in Nashville?

Local Market Knowledge

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