The Best Mortgage Lenders in Parkersburg, IL
Compare verified mortgage lenders serving Parkersburg, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Parkersburg
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Illinois, serving Parkersburg and surrounding areas. Known for its innovative online platform and competitive rates, the company has consistently high customer satisfaction scores due to its efficient processing, transparent fee structure, and wide range of loan options. With over two decades of experience, they offer personalized service through local mortgage advisors, making them a reliable choice for homebuyers in rural and urban Illinois communities.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender that serves Parkersburg, IL, and nationwide, with a focus on diverse loan products and exceptional customer service. They are praised for their competitive rates, fast closings, and dedication to serving first-time homebuyers and underserved communities. With over 20 years in business, they have built a reputation for reliability and community involvement, offering bilingual support and educational resources to help clients navigate the mortgage process smoothly.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a leading mortgage lender with a strong national presence, including service to Parkersburg, IL. They are recognized for their competitive rates, personalized customer care, and efficient loan processing. With nearly three decades of experience, they have a track record of high customer satisfaction, supported by a network of local loan officers who provide tailored advice. Their commitment to community support and a wide array of loan options makes them a trusted choice for Illinois homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Parkersburg, IL
What are the current average mortgage rates for homebuyers in Parkersburg, IL?
Mortgage rates in Parkersburg typically align with national averages but can vary slightly based on local lender competition. Currently, 30-year fixed rates hover around 6.5-7% for qualified buyers. It's wise to compare offers from local credit unions like First Neighbor Bank alongside national lenders for the best terms.
Are there any first-time homebuyer programs specifically available in Parkersburg?
Yes, the Illinois Housing Development Authority (IHDA) offers statewide programs like the 1stHomeIllinois loan, which provides down payment assistance and competitive rates. While not exclusive to Parkersburg, these programs are accessible to local buyers and can be particularly helpful given the area's moderate home prices.
How does Parkersburg's rural location affect the mortgage process?
Parkersburg's rural setting may require additional property considerations like well and septic inspections, which lenders often mandate. Additionally, some lenders might have specific requirements for rural appraisals, so working with a local mortgage professional familiar with Clark County properties is advantageous.
What types of properties are most common in Parkersburg's mortgage market?
Parkersburg primarily features single-family homes and manufactured homes on owned land. Traditional mortgages work for standard houses, while manufactured homes may require specialized loans. The area's affordable pricing means many buyers can qualify for conventional loans without needing jumbo mortgages.
Are property taxes in Parkersburg typically included in mortgage escrow accounts?
Yes, most lenders in Parkersburg include Clark County property taxes in escrow accounts as part of your monthly payment. Property taxes here are generally moderate compared to urban Illinois areas, typically ranging from 1-1.5% of home value, which helps keep overall housing payments affordable.
Why Choose a Mortgage Lender in Parkersburg?
Local Market Knowledge
Lenders who understand Parkersburg'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 Parkersburg and get competitive rates on your home loan.