The Best Mortgage Lenders in Worth, IL
Compare verified mortgage lenders serving Worth, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Worth
Featured Mortgage Lenders
Mortgage Experts Inc.
Mortgage Experts Inc.
Mortgage Experts Inc. is a highly-rated local mortgage broker serving Worth and the entire Chicagoland area with over two decades of experience. They maintain exceptional 4.9-star ratings across multiple platforms due to their personalized service, competitive rates, and extensive knowledge of the local real estate market. As a boutique brokerage, they provide dedicated one-on-one service throughout the entire mortgage process, specializing in first-time homebuyer programs and offering a comprehensive range of loan products with an emphasis on customer education and transparency.
Loan Types:
Wintrust Mortgage
Wintrust Mortgage
Wintrust Mortgage is a premier regional lender with strong presence throughout Illinois, including serving Worth residents. As part of the Wintrust Financial Corporation, they offer the stability of a large financial institution with the personalized service of a local lender. With 30 years of experience and thousands of successful loans, they provide competitive rates and a wide array of mortgage products. Their local loan officers have deep knowledge of the Chicago suburban market and are known for their efficient processing and exceptional customer service, earning them consistent high ratings.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is one of the nation's largest retail mortgage lenders with a significant presence in Illinois and extensive experience serving Worth homebuyers. Founded in Chicago, they combine innovative digital mortgage technology with local expertise, offering their acclaimed Digital Mortgage platform that streamlines the application process. They consistently earn high customer satisfaction ratings for their competitive rates, efficient closing process, and knowledgeable local loan officers who understand the Chicagoland housing market. Their comprehensive loan options and strong industry reputation make them a top choice for borrowers seeking both technology and personal service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Worth, IL
What are the current mortgage rates like for homebuyers in Worth, IL?
Mortgage rates in Worth typically align with national averages but can vary based on local market conditions and lender competition. As of recent trends, rates for 30-year fixed mortgages in the Chicago metro area, including Worth, have been hovering in the mid-6% range. It's wise to compare offers from local credit unions and regional banks, as they sometimes offer competitive rates for Cook County residents.
Are there any first-time homebuyer programs specifically available in Worth?
Yes, Worth homebuyers can access the Illinois Housing Development Authority's (IHDA) programs, including the 1stHomeIllinois and Access Forgivable programs, which offer down payment assistance and affordable fixed-rate mortgages. Additionally, Cook County offers the Cook County Mortgage Credit Certificate program, which can provide significant tax savings for first-time buyers purchasing in Worth.
How does Worth's property tax rate affect my mortgage payments?
Worth's property tax rates are relatively high compared to national averages, typically around 2.3-2.7% of assessed value. This means your monthly mortgage payment will include a substantial escrow portion for taxes. When calculating affordability, factor in that property taxes could add $400-$700 or more to your monthly payment, depending on the home's value.
What special considerations should I know about getting a mortgage for Worth's older housing stock?
Many homes in Worth were built between the 1950s-1970s, so mortgage lenders may require additional inspections for older systems like plumbing, electrical, and foundations. FHA 203(k) renovation loans can be particularly valuable here, allowing you to finance both purchase and repairs. Be prepared for possible repair requirements to meet lending standards.
Are there any local down payment assistance programs for Worth homebuyers?
Beyond state programs, Worth homebuyers may qualify for the Welcome Home Illinois program, which offers up to $10,000 in down payment assistance. Some local lenders also partner with community development programs offering grants for buyers in Cook County. The Village of Worth occasionally shares information about local housing initiatives through their community development office.
Nearby Cities
Explore mortgage lenders in cities near Worth, IL
Why Choose a Mortgage Lender in Worth?
Local Market Knowledge
Lenders who understand Worth'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 Worth and get competitive rates on your home loan.