The Best Mortgage Lenders in Orland Park, IL
Compare verified mortgage lenders serving Orland Park, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Orland Park
Featured Mortgage Lenders
Ryan Grant
Draper and Kramer Mortgage Corp.
Ryan Grant at Draper and Kramer Mortgage is one of the highest-rated mortgage professionals in Orland Park with exceptional customer reviews highlighting his expertise, responsiveness, and ability to secure competitive rates. As part of a company with over 125 years in financial services, they offer comprehensive mortgage solutions with personalized service. Their local office presence in Orland Park ensures deep community knowledge and convenient in-person service for complex transactions.
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Mike Zoltek
Guaranteed Rate
Mike Zoltek at Guaranteed Rate brings extensive mortgage expertise to Orland Park homebuyers with hundreds of positive reviews praising his attention to detail and competitive pricing. As one of the nation's largest retail mortgage lenders, Guaranteed Rate offers innovative digital mortgage technology combined with local expert guidance. Their Orland Park office provides the convenience of local service with the resources of a national lender.
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Tom Walsh
Wintrust Mortgage
Tom Walsh and the Wintrust Mortgage team in Orland Park provide exceptional local mortgage services backed by one of Chicago's most trusted financial institutions. With deep roots in the Chicago metropolitan area, they understand the local real estate market dynamics and offer personalized mortgage solutions. Customers consistently praise their professional service, competitive rates, and smooth closing process, making them a top choice for Orland Park home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Orland Park, IL
What are the current mortgage rates like for homebuyers in Orland Park, IL?
Mortgage rates in Orland Park typically align with national averages but can vary based on local market conditions and lender competition. Currently, rates for 30-year fixed mortgages in the area range from 6.5% to 7.25%, though this fluctuates with economic factors. Working with a local lender who understands Orland Park's housing market can help you secure competitive rates.
Are there any first-time homebuyer programs specific to Orland Park?
While Orland Park doesn't have city-specific first-time buyer programs, residents can access several Illinois state programs like the Illinois Housing Development Authority's (IHDA) 1stHomeIllinois program. These programs offer competitive interest rates, down payment assistance up to $10,000, and affordable mortgage options specifically designed for Illinois homebuyers in communities like Orland Park.
How does Orland Park's property tax rate affect my mortgage payments?
Orland Park has a property tax rate of approximately 2.1-2.4%, which is relatively high compared to national averages but typical for Cook County. This means your monthly mortgage payment will include a significant escrow portion for property taxes. For a $400,000 home, expect to pay $8,400-$9,600 annually in property taxes, which adds $700-$800 to your monthly mortgage payment.
What special considerations should I know about getting a mortgage for Orland Park's newer construction homes?
Orland Park has several new construction developments, particularly in areas like The Preserve and Main Street Triangle. For these properties, lenders often require larger down payments (sometimes 20% or more) and may have stricter approval requirements during construction phases. Many builders have preferred lenders offering incentives, but it's wise to compare these with independent local lenders for the best terms.
Are there any local down payment assistance programs available for Orland Park homebuyers?
Orland Park homebuyers can access the IHDA's Down Payment Assistance program, which provides up to $10,000 as a 0% interest, forgivable loan for qualified buyers. Additionally, some local credit unions and community banks offer special programs for Orland Park residents. Eligibility typically requires completing a homebuyer education course and meeting income limits based on Cook County standards.
Nearby Cities
Explore mortgage lenders in cities near Orland Park, IL
Why Choose a Mortgage Lender in Orland Park?
Local Market Knowledge
Lenders who understand Orland Park'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 Orland Park and get competitive rates on your home loan.