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Showing 2 mortgage lenders in Mascoutah, 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.
Scott Credit Union
1248 W Main St, Mascoutah, IL 62258
6183451000
Community Financial Advisors
121 W Main St, Mascoutah, IL 62258
6186078066
What Does a Mortgage Lender in Mascoutah Cost?
Typical costs for a mortgage lender in Illinois include an origination fee of 0.5% to 1% of the loan amount an appraisal fee of $400 to $700 and a credit report fee of $30 to $50. Closing costs in Illinois average 2% to 5% of the purchase price and include title insurance recording fees and prepaid taxes. These costs vary by loan size property location and lender. This is general information 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 Mascoutah Illinois?
You typically need pay stubs W-2s tax returns bank statements and a government-issued ID. Illinois lenders may also require proof of homeowners insurance and a property appraisal. Specific requirements vary by loan type and lender.
How long does the mortgage process take in Illinois?
The mortgage process in Illinois usually takes 30 to 45 days from application to closing. Illinois law requires a three-business-day waiting period after you receive the Closing Disclosure before you can close. Delays can occur if additional documents are needed.
Are there any Illinois-specific mortgage programs for first-time buyers?
Yes the Illinois Housing Development Authority offers the IHDAccess Mortgage program with down payment assistance and competitive rates for first-time buyers. Eligibility depends on income and purchase price limits set for Mascoutah and St. Clair County. Contact a local lender for details.