Leading Banks in Peoria, IL for Mortgage & Home Equity Loans

One of the most common forms of lending by most local and national banks are mortgages and home loans. Although a mortgage loan is a common type of loan that most individuals seek in their life, there can be a lot of gray areas and questionable lending practices that can result in people borrowing from less than ideal lenders.

Often times working with local banks and mortgage lenders (for both mortgages and home equity loans) offers level of trust and professionalism borrowers. Fortunately, the Peoria area hosts several quality banks that specialize in mortgage loans and lending. Below we profile three of these financial institutions and what makes them trusted sources in Illinois for mortgages and home equity loans.

Morton Community Bank

The first bank on our list is the reputable Morton Community Bank. Morton Community Bank offers some of the most rewarding programs right now for a number of different credit programs, new checking accounts, as well as personalized lending services. The bank is very popular among residents and businesses of central Illinois with more than 30 branches in the area.

Also known as Hometown Community Banks (which is a division of Morton Community Bank), many new homeowners trust this local lender for various types of loans, particularly mortgages. The bank offers several different mortgage options for different individuals, and they can offer you a pre-qualification letter which will allow you to buy a house with borrowed money you need to purchase the home.

The interest rates for mortgage loans are competitive and the mortgage specialists of Morton Community Bank are always eager to guide you throughout all the steps that you need to take to have your own home. They also have a special loan program which will allow you to buy a home in rural community. This is a good option as you don’t have to pay down payment to get a home in rural community. Learn more about the this Peoria Area mortgage loan lender for more information.

Illinois National Bank

The second bank that we will discuss is Illinois National Bank which is one of the oldest and most popular banks in Illinois. This government run bank has a wealth of experience in dealing with mortgage and home equity loans which makes them a good choice for residents throughout the state.

This bank firmly stands by their mission of helping individuals and families find and afford a sweet home and they are happy to help you in this process. Their website has a financial calculator which will help you to finalize your decision. There are different mortgage loan rates depending on the time you apply.

All the information is easy to find in the Illinois National Bank website and you will definitely have a satisfied loan if you go with this bank. You can go to their website and apply immediately. The bank authority will contact you to guide throughout the whole process.

Brimfield Bank

The last bank that you can rely on is Brimfield Bank. The bank started operation back in 1913 and is running successfully till then. The bank is known for great mortgage deals as they do not offer rental restriction. Getting a loan is comparatively easier with this bank than others.

Brimfield Bank has a dedicated office for mortgage purposes and the office is located in West Lake Street. They also offer great add-ons including pre-approval within 15 minutes, bridge loans, VA loans, FHA loans and many more. If you are looking for an easy solution, this is one great bank that you can try for home mortgage loan.