Mortgage Lenders and Brokers in Arcola, Illinois
Brian McKay
|
iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
|
✓Fact Checked
|
Loan Rates Last Updated and Verified: October 7, 2026
Arcola, Illinois mortgage lenders include First Mid Bank and Trust, NAFirst Mid Bank and Trust, NA249 W Springfield Rd, Arcola, IL 61910A+5.0 ★Texas Ratio: 3.88%, Morton Community BankMorton Community Bank209 S Main St, Albany, IL 61230A+5.0 ★Texas Ratio: 5.85%, University of Illinois Community Credit UnionUniversity of Illinois Community Credit Union1722 E Hamilton Rd, Bloomington, IL 61704A+5.0 ★Texas Ratio: 4.34%, First State Bank and TrustFirst State Bank and Trust131 N Main St, Atwood, IL 61913A+5.0 ★Texas Ratio: 2.03%, Midland States BankMidland States Bank951 Dixie Hwy, Beecher, IL 60401A5.0 ★Texas Ratio: 9.50%, Inb, National AssociationInb, National Association2402 E Washington St, Bloomington, IL 61704A5.0 ★Texas Ratio: 9.74%, Busey BankBusey Bank4415 Martin Luther King Dr, Alton, IL 62002A+5.0 ★Texas Ratio: 2.31%, Longview BankLongview Bank121 S Pennsylvania St, Chrisman, IL 61924A5.0 ★Texas Ratio: 8.41%, Citizens Equity First Credit UCitizens Equity First Credit UPeoria, IL, and Mutual of Omaha MortgageMutual of Omaha MortgageLombard, IL. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Arcola, Illinois in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Arcola are listed first, then lenders elsewhere in Illinois, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Arcola, Illinois
Market share is the lender's share of all home loans closed in Arcola, Illinois. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
|---|---|---|---|---|---|---|
|
1 office in Arcola 249 W Springfield Rd, Arcola, IL 61910 A+5.0 ★Texas Ratio: 3.88% |
Conventional, HELOC | 3 +3 HELOCs |
6.8% | 100% | $165,000 | View |
|
209 S Main St, Albany, IL 61230 A+5.0 ★Texas Ratio: 5.85% |
Conventional, HELOC | 3 +6 HELOCs |
6.8% | 100% | $131,666 | View |
|
1722 E Hamilton Rd, Bloomington, IL 61704 A+5.0 ★Texas Ratio: 4.34% |
Conventional | 3 | 6.8% | 100% | $211,666 | View |
|
131 N Main St, Atwood, IL 61913 A+5.0 ★Texas Ratio: 2.03% |
Conventional | 3 | 6.8% | 100% | $145,000 | View |
|
951 Dixie Hwy, Beecher, IL 60401 A5.0 ★Texas Ratio: 9.50% |
Conventional | 2 | 4.5% | 100% | $90,000 | View |
|
2402 E Washington St, Bloomington, IL 61704 A5.0 ★Texas Ratio: 9.74% |
VA | 1 | 2.3% | 100% | $165,000 | View |
|
4415 Martin Luther King Dr, Alton, IL 62002 A+5.0 ★Texas Ratio: 2.31% |
Conventional | 1 | 2.3% | 100% | $165,000 | View |
|
121 S Pennsylvania St, Chrisman, IL 61924 A5.0 ★Texas Ratio: 8.41% |
Conventional | 1 | 2.3% | 100% | $115,000 | View |
Citizens Equity First Credit U
|
Conventional | 1 | 2.3% | 100% | $415,000 | |
Mutual of Omaha Mortgage
|
Conventional | 1 | 2.3% | 100% | $195,000 | |
New American Funding, LLC.
|
Conventional, FHA | 6 | 13.6% | 100% | $150,000 | |
Gershman Investment Corp.
|
Conventional, FHA | 4 | 9.1% | 100% | $105,000 | |
Rocket Mortgage
|
FHA | 2 | 4.5% | 40% | $180,000 | |
Point Mortgage Corp
|
Conventional, FHA | 2 | 4.5% | 100% | $110,000 | |
United Wholesale Mortgage
|
VA | 1 | 2.3% | 100% | $155,000 | |
Royal United Mortgage LLC
|
Conventional | 1 | 2.3% | 100% | $65,000 | |
Primelending
|
FHA | 1 | 2.3% | 100% | $135,000 | |
Newrez LLC
|
USDA | 1 | 2.3% | 100% | $165,000 | |
loanDepot.com LLC
|
FHA | 1 | 2.3% | 100% | $195,000 | |
Discover Bank
|
Conventional | 1 | 2.3% | 100% | $45,000 | |
Flat Branch Mortgage, Inc.
|
Conventional | 1 | 2.3% | 100% | $195,000 | |
American Pacific Mortgage Corporation
|
Conventional | 1 | 2.3% | 100% | $155,000 | |
Mortgage Research Center
|
VA | 1 | 2.3% | 100% | $195,000 | |
Vanderbilt Mortgage and Finance, Inc
|
Conventional | 1 | 2.3% | 33.3% | $115,000 | |
|
A5.0 ★Texas Ratio: 12.35% |
Conventional | 1 | 2.3% | 100% | $25,000 | View |
Lendage, LLC dba Achieve Loans
|
HELOC | 0 +2 HELOCs |
0% | n/a | ||
|
B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Arcola Mortgage Rate Trends
Daily average mortgage rates for Illinois compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Arcola, Illinois
Looking for mortgage lenders near me or mortgage brokers near me in Arcola? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Arcola in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Arcola, IL
Use these to narrow the list above. Each category shows how many Arcola, IL lenders fit and what that kind of lender is usually best for.
Who Lends in Arcola, IL
Independent mortgage companies closed 54.5 percent of home loans in Arcola, Illinois in 2025, banks 36.4 percent and credit unions 9.1 percent. Mutual of Omaha Mortgage was the largest mortgage company, First Mid Bank and Trust, NA the largest bank and University of Illinois Community Credit Union the largest credit union. Among lenders headquartered in Illinois, First Mid Bank and Trust, NA led with 3 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in Illinois. State transfer tax of $0.50 per $500 plus a county tax of $0.25 per $500, usually paid by the seller; Chicago adds $3.75 per $500 paid by the buyer and $1.50 per $500 paid by the seller, and many suburbs levy their own stamps. No mortgage recording tax.
More Illinois Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Arcola, IL
By home loans closed in 2025, First Mid Bank and Trust, NA was the largest mortgage lender in Arcola, Illinois with 3 loans, about 6.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
6 lenders closed FHA loans in Arcola, Illinois in 2025, led by New American Funding, LLC. with 2. 3 lenders closed VA loans, led by Inb, National Association, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 10 banks and 2 credit unions closed home loans in Arcola, Illinois in 2025, alongside 15 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Arcola, Illinois during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Arcola, Illinois for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Arcola. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
