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Showing 2 mortgage lenders in Savoy, IL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
First Mid Bank & Trust
1251 Woodfield Dr, Savoy, IL 61874
2173513526
Prairie State Bank & Trust
410 Curtis Rd, Savoy, IL 61874
2172397616
What Does a Mortgage Lender in Savoy Cost?
Typical mortgage lender costs in Illinois include an origination fee of 0.5 percent to 1.0 percent of the loan amount, plus appraisal fees of 400 to 700 dollars and title insurance of 500 to 1,000 dollars. Closing costs often total 2 percent to 5 percent of the home price. These amounts vary by lender and loan type. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to apply for a mortgage in Savoy Illinois?
You typically need pay stubs, tax returns, bank statements, and photo ID. Illinois lenders also require a signed application and a credit check. Self-employed borrowers may need additional profit and loss statements.
How long does a mortgage loan take to close in Illinois?
A typical mortgage closing in Illinois takes 30 to 45 days from application. Delays can occur if appraisal or title issues arise. Illinois law requires a three day rescission period for refinances.