The Best Mortgage Lenders in Ullin, IL
Compare verified mortgage lenders serving Ullin, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ullin
Featured Mortgage Lenders
Bank of Herrin Mortgage Team
Bank of Herrin
Bank of Herrin has established itself as one of Southern Illinois' most trusted community banks with exceptional mortgage services. They consistently receive outstanding reviews for their personalized approach to home lending, competitive rates, and deep understanding of the local Southern Illinois housing market. Their mortgage team provides comprehensive guidance through the entire process, from application to closing, with particular expertise in rural development loans that benefit Ullin area residents. Their long-standing presence in the region and commitment to community banking make them a top choice for Ullin homebuyers.
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Scott Credit Union Mortgage Department
Scott Credit Union
Scott Credit Union has built an outstanding reputation across Southern Illinois for their exceptional mortgage services and member-focused approach. While headquartered further north, they actively serve the Ullin area with competitive rates and personalized service. They excel at first-time homebuyer programs and offer special benefits for military families through their VA loan expertise. Their digital mortgage application process receives particular praise for convenience, while maintaining the personal touch of local decision-making. With consistently high customer satisfaction ratings, they're a reliable choice for Ullin residents.
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Paramount Bank Mortgage Division
Paramount Bank
Paramount Bank brings nearly three decades of mortgage lending expertise to Southern Illinois communities including Ullin. They've developed a strong regional presence with particular strength in construction and rural property financing that suits the Ullin area market. Customers consistently praise their responsive communication, transparent process, and ability to handle complex loan scenarios. Their local underwriting and decision-making capabilities allow for faster closings and personalized service. With deep roots in the region and comprehensive loan options, they provide reliable mortgage solutions for Ullin homebuyers and property investors.
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Frequently Asked Questions
Common questions about mortgage lending in Ullin, IL
What are the current average mortgage rates for homebuyers in Ullin, IL?
Mortgage rates in Ullin typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates in Southern Illinois range from 6.5% to 7.25%, while FHA and VA loans may offer slightly lower rates. It's best to compare offers from local institutions like First Southern Bank or regional credit unions for the most competitive Ullin-specific rates.
Are there any first-time homebuyer programs specifically available in Ullin?
Yes, Ullin residents can access the Illinois Housing Development Authority's (IHDA) programs like the 1stHomeIllinois loan, which offers down payment assistance up to $7,500. Additionally, the IHDA's Access Forgivable mortgage provides up to $10,000 in down payment assistance that doesn't need to be repaid if you remain in the home for 10 years. These programs are particularly valuable given Ullin's affordable housing market.
How does Ullin's rural location affect mortgage lending options?
Ullin's rural designation makes USDA loans an excellent option, offering 100% financing with no down payment required. Many properties in and around Ullin qualify for USDA Rural Development loans, which feature competitive interest rates and lower mortgage insurance costs. This is particularly beneficial given the area's agricultural surroundings and lower population density.
What should I know about property taxes when getting a mortgage in Ullin?
Pulaski County, where Ullin is located, has relatively moderate property tax rates compared to other Illinois regions, typically ranging from 1.0% to 1.5% of assessed value. Your mortgage lender will factor these taxes into your escrow payments, and it's important to note that Illinois has property tax relief programs for seniors and veterans that could reduce your overall housing costs.
Are there local down payment assistance programs for Ullin homebuyers?
Beyond state programs, Ullin homebuyers may qualify for the City of Cairo (neighboring community) Homebuyer Assistance Program, which serves the broader area. Some local employers, including Shawnee Community College and Southern Illinois Healthcare, also offer employer-assisted housing programs. Working with a mortgage broker familiar with Southern Illinois can help identify all available local resources.
Why Choose a Mortgage Lender in Ullin?
Local Market Knowledge
Lenders who understand Ullin'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 Ullin and get competitive rates on your home loan.