The Best Mortgage Lenders in Pittsfield, IL
Compare verified mortgage lenders serving Pittsfield, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Pittsfield
Featured Mortgage Lenders
First State Bank of Pittsfield
First State Bank of Pittsfield
First State Bank of Pittsfield is a highly-rated local institution with deep roots in the community, offering personalized mortgage services for over 25 years. Known for its exceptional customer service and competitive rates, this bank provides a wide range of loan options tailored to both first-time homebuyers and existing homeowners. With a strong focus on building long-term relationships and a reputation for reliability, they have consistently high customer satisfaction ratings in Pike County and surrounding areas.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong presence in Illinois, serving Pittsfield residents with innovative digital tools and competitive financing options. Founded in 2000, they are praised for their efficient online application process, transparent rate comparisons, and dedicated loan officers. With high customer ratings for responsiveness and rate competitiveness, they offer a comprehensive suite of loan products and have a track record of excellent service in rural and urban markets alike.
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New American Funding
New American Funding
New American Funding is a top-rated national lender with extensive experience serving Illinois communities, including Pittsfield. Known for its diverse loan programs and commitment to minority and first-time homebuyers, the company combines technology with personalized service to streamline the mortgage process. With consistently high customer satisfaction scores, competitive rates, and a reputation for closing loans quickly, they have built trust through years of reliable performance and community engagement.
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Frequently Asked Questions
Common questions about mortgage lending in Pittsfield, IL
What are the current average mortgage rates for homebuyers in Pittsfield, IL?
Mortgage rates in Pittsfield typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. It's best to check with local institutions like First Bankers Trust or First State Bank of Pike County for the most accurate, personalized rates.
Are there any first-time homebuyer programs specifically available in Pittsfield?
Yes, Pittsfield homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, such as the 1stHomeIllinois loan, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for first-time buyers, so it's worth discussing options with Pittsfield-based banks.
How does Pittsfield's rural location affect mortgage lending options?
Pittsfield's rural designation makes some buyers eligible for USDA loans, which offer 100% financing with no down payment. This is a significant advantage for qualifying buyers in Pike County. However, lender options may be more limited than in urban areas, so working with local banks familiar with the market is beneficial.
What should I know about property taxes when getting a mortgage in Pittsfield?
Pike County property taxes are relatively moderate compared to urban Illinois areas, currently averaging around 1.5-2% of assessed value. Lenders will factor these taxes into your debt-to-income ratio, and you'll typically pay them through an escrow account. The Pittsfield assessor's office can provide specific tax information for properties you're considering.
Are there any local down payment assistance programs for Pittsfield homebuyers?
While Pittsfield doesn't have city-specific programs, buyers can utilize IHDA's programs and explore local lender incentives. Some Pittsfield employers or community organizations may offer assistance, and USDA loans provide 100% financing for qualifying rural properties. Consulting with a local mortgage broker can help identify all available options.
Why Choose a Mortgage Lender in Pittsfield?
Local Market Knowledge
Lenders who understand Pittsfield'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 Pittsfield and get competitive rates on your home loan.