The Best Mortgage Lenders in Taylorville, IL
Compare verified mortgage lenders serving Taylorville, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Taylorville
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Illinois, serving Taylorville through its digital platform and local loan officers. Known for competitive rates, fast closings, and excellent customer service, they offer a wide range of loan products and have consistently high ratings for transparency and efficiency.
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New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender with a commitment to diverse lending and community support. They serve Taylorville and central Illinois with personalized service, competitive rates, and a focus on first-time homebuyers and underrepresented communities, earning praise for responsiveness and customer satisfaction.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage offers tailored mortgage solutions through a network of local loan officers, serving Taylorville with expertise in various loan types. They are known for competitive rates, flexible options, and a strong track record in customer service, making them a reliable choice for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Taylorville, IL
What are the current average mortgage rates for homebuyers in Taylorville, IL?
Mortgage rates in Taylorville typically align with national averages but can vary based on local lenders and market conditions. As of recent data, 30-year fixed rates in central Illinois generally range from 6.5% to 7.25%, though rates can be slightly lower for borrowers with excellent credit. It's best to check with local Taylorville lenders like First National Bank in Taylorville or CNB Bank & Trust for their current offerings.
Are there any first-time homebuyer programs specifically available in Taylorville?
Yes, Taylorville homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, including the 1stHomeIllinois and Access Forgivable programs, which offer competitive rates and down payment assistance. These programs are particularly valuable in Taylorville's affordable housing market, where median home prices are below state averages. Local lenders are well-versed in these programs and can help you determine eligibility.
How does Taylorville's property tax rate affect my mortgage payments?
Christian County, where Taylorville is located, has property tax rates that typically range from 1.8% to 2.2% of assessed value, which is moderate for Illinois. This means your monthly mortgage payment will include a significant escrow portion for taxes. When budgeting, factor in that property taxes on a $150,000 home in Taylorville would typically be $2,700-$3,300 annually.
What types of homes typically qualify for USDA loans in the Taylorville area?
Most of Taylorville and surrounding Christian County qualifies for USDA rural development loans, which offer 100% financing. This includes single-family homes in Taylorville proper and the surrounding agricultural areas. Given Taylorville's population under 12,000 and rural character, many homes are eligible for these zero-down-payment loans, making homeownership more accessible.
How competitive is Taylorville's housing market for mortgage financing?
Taylorville's housing market remains relatively balanced, with median home prices around $120,000-$140,000 making it affordable compared to many Illinois markets. While not as competitive as larger cities, well-maintained homes in good neighborhoods can receive multiple offers. Getting pre-approved with a local lender gives you an advantage when making offers on desirable properties in Taylorville.
Why Choose a Mortgage Lender in Taylorville?
Local Market Knowledge
Lenders who understand Taylorville'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 Taylorville and get competitive rates on your home loan.