The Best Mortgage Lenders in Saint Francisville, IL
Compare verified mortgage lenders serving Saint Francisville, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Francisville
Featured Mortgage Lenders
Mark D. Husted
First Federal Savings Bank of Central Illinois
First Federal Savings Bank of Central Illinois is a highly-rated community bank with deep roots in the region, serving Saint Francisville and surrounding areas for over 130 years. They maintain exceptional 4.8-star ratings for their personalized mortgage services, competitive rates, and local decision-making. As a community-focused institution, they offer comprehensive mortgage solutions including specialized USDA rural development loans that are particularly beneficial for Saint Francisville area homebuyers. Their experienced loan officers provide hands-on guidance through the entire mortgage process with the reliability of a long-established local financial institution.
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Tim Basso
CrossCountry Mortgage
CrossCountry Mortgage's Southern Illinois office serves Saint Francisville with outstanding 4.9-star ratings for their exceptional customer service and extensive mortgage expertise. They are particularly noted for their competitive rates and efficient loan processing, with special programs for rural homebuyers that benefit Saint Francisville residents. The local team has extensive experience with USDA loans and other government-backed programs ideal for the area. Their nationwide resources combined with local market knowledge make them a top choice for personalized mortgage solutions with quick turnaround times and transparent communication throughout the lending process.
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Jason Hall
Guild Mortgage
Guild Mortgage's Southern Illinois branch serves Saint Francisville with excellent 4.7-star ratings for their comprehensive mortgage services and community-focused approach. With over 60 years in the mortgage industry, they offer specialized programs including their exclusive Zero Down Payment option and various first-time homebuyer programs. Their local team has particular expertise with rural property financing and USDA loans that are well-suited for the Saint Francisville market. Guild is renowned for their educational approach to mortgage lending, ensuring clients fully understand their options while providing competitive rates and exceptional customer service throughout the home financing journey.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Francisville, IL
What are the current mortgage rates like in Saint Francisville, IL?
Mortgage rates in Saint Francisville typically align with national averages but can be influenced by local economic factors. Currently, rates for 30-year fixed mortgages range from 6.5% to 7.2%, though rural properties might see slightly higher rates. It's best to check with local lenders like First Mid Bank & Trust or Peoples State Bank for the most accurate, personalized rates.
Are there any first-time homebuyer programs specific to Saint Francisville?
Yes, Saint Francisville homebuyers can access Illinois Housing Development Authority (IHDA) programs like the 1stHomeILLINOIS loan, which offers competitive rates and down payment assistance. Additionally, some local lenders may offer special programs for first-time buyers in this rural community. These programs are particularly valuable given Saint Francisville's affordable housing market compared to urban areas.
How does Saint Francisville's rural location affect mortgage lending?
Saint Francisville's rural classification can impact lending through USDA loans, which are particularly advantageous here since the entire area qualifies for USDA rural development programs. These loans offer 100% financing with no down payment requirement, making homeownership more accessible. However, some lenders might have stricter appraisal requirements due to the limited number of comparable properties.
What types of properties in Saint Francisville might present mortgage challenges?
Older farmhouses, properties with significant acreage, or homes needing major repairs can present mortgage challenges in Saint Francisville. Lenders may require additional inspections or higher down payments for these properties. Manufactured homes on owned land typically qualify for standard mortgages, but those in mobile home parks may have limited financing options.
How long does the mortgage process typically take in Saint Francisville?
The mortgage process in Saint Francisville generally takes 30-45 days, similar to most areas, but can extend longer for rural properties requiring specialized appraisals. Working with local lenders familiar with Wayne County's property types can streamline the process. Seasonal factors like harvest time might also affect scheduling for property inspections and appraisals.
Nearby Cities
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Why Choose a Mortgage Lender in Saint Francisville?
Local Market Knowledge
Lenders who understand Saint Francisville'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 Saint Francisville and get competitive rates on your home loan.