Mortgage Lenders and Brokers in Herscher, Illinois
Brian McKay
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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.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Herscher, Illinois mortgage lenders include Midland States BankMidland States Bank654 N Park Rd, Herscher, IL 60941A5.0 ★Texas Ratio: 9.50%, Foresight BankForesight Bank10 Tobey Dr, Herscher, IL 60941A5.0 ★Texas Ratio: 9.91%, First Trust Bank of IllinoisFirst Trust Bank of Illinois3308 S Waldron Rd, Aroma Park, IL 60910A+5.0 ★Texas Ratio: 2.99%, Municipal Trust and Savings BankMunicipal Trust and Savings Bank720 Main St Nw, Bourbonnais, IL 60914A+5.0 ★Texas Ratio: 0.16%, Peoples Bank of Kankakee CountyPeoples Bank of Kankakee County315 Main St Nw, Bourbonnais, IL 60914B3.8 ★Texas Ratio: 2.49%, First Financial BankFirst Financial Bank15w060 N Frontage Rd, Burr Ridge, IL 60527A+5.0 ★Texas Ratio: 3.21%, NuMark Credit UnionNuMark Credit Union403 Asbury Dr, Aurora, IL 60502A5.0 ★Texas Ratio: 8.07%, Wells Fargo Bank NAWells Fargo Bank NA245 N Main St, Canton, IL 61520A+5.0 ★Texas Ratio: 5.36%, Grundy BankGrundy Bank444 Bedford Rd, Morris, IL 60450A+5.0 ★Texas Ratio: 0.94%, and National Bank of St AnneNational Bank of St Anne100 S Main Street, Herscher, IL 60941A5.0 ★Texas Ratio: 12.63%. 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 Herscher, Illinois in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Herscher 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 Herscher, Illinois
Market share is the lender's share of all home loans closed in Herscher, 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 |
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1 office in Herscher 654 N Park Rd, Herscher, IL 60941 A5.0 ★Texas Ratio: 9.50% |
Conventional, FHA | 3 | 5.1% | 75% | $205,000 | View |
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1 office in Herscher 10 Tobey Dr, Herscher, IL 60941 A5.0 ★Texas Ratio: 9.91% |
Conventional | 1 | 1.7% | 50% | $155,000 | View |
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3308 S Waldron Rd, Aroma Park, IL 60910 A+5.0 ★Texas Ratio: 2.99% |
Conventional | 3 | 5.1% | 100% | $168,333 | View |
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720 Main St Nw, Bourbonnais, IL 60914 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 3 | 5.1% | 100% | $125,000 | View |
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315 Main St Nw, Bourbonnais, IL 60914 B3.8 ★Texas Ratio: 2.49% |
Conventional | 2 | 3.4% | 100% | $110,000 | View |
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15w060 N Frontage Rd, Burr Ridge, IL 60527 A+5.0 ★Texas Ratio: 3.21% |
Conventional, HELOC | 1 +1 HELOCs |
1.7% | 25% | $125,000 | View |
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403 Asbury Dr, Aurora, IL 60502 A5.0 ★Texas Ratio: 8.07% |
Conventional | 1 | 1.7% | 100% | $135,000 | View |
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245 N Main St, Canton, IL 61520 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 1.7% | 100% | $135,000 | View |
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444 Bedford Rd, Morris, IL 60450 A+5.0 ★Texas Ratio: 0.94% |
Conventional | 1 | 1.7% | 100% | $165,000 | View |
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100 S Main Street, Herscher, IL 60941 A5.0 ★Texas Ratio: 12.63% |
Conventional | 1 | 1.7% | 100% | $195,000 | View |
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403 State St, Benson, IL 61516 A4.7 ★Texas Ratio: 2.58% |
Conventional | 1 | 1.7% | 100% | $95,000 | View |
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1800 E Division St, Diamond, IL 60416 6007 A+5.0 ★Texas Ratio: 4.80% |
Conventional | 1 | 1.7% | 100% | $275,000 | View |
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★ 1.7 stars, 3 reviews 791 S Randall Rd, Algonquin, IL 60102 A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Guaranteed Rate Affinity, LLC
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Conventional | 1 | 1.7% | 100% | $105,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 1.7% | 100% | $235,000 | |
Guaranteed Rate, Inc.
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Citizens Equity First Credit U
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Rocket Mortgage
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Conventional, FHA | 7 | 11.9% | 87.5% | $167,857 | |
Primelending
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Conventional | 6 | 10.2% | 100% | $173,333 | |
Nationstar Mortgage
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Conventional, FHA | 4 | 6.8% | 80% | $95,000 | |
Compeer Financial
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Conventional | 3 | 5.1% | 100% | $105,000 | |
loanDepot.com LLC
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Conventional, FHA | 3 | 5.1% | 100% | $158,333 | |
Geneva Financial LLC
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Conventional | 3 | 5.1% | 100% | $225,000 | |
Amerisave Mortgage Company
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Conventional, FHA | 2 | 3.4% | 66.7% | $115,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional | 2 | 3.4% | 100% | $245,000 | View |
Fairway Independent Mort Corp
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Conventional, FHA | 2 | 3.4% | 100% | $115,000 | |
Freedom Mortgage Corporation
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VA | 1 | 1.7% | 100% | $215,000 | |
CrossCountry Mortgage, LLC
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FHA | 1 | 1.7% | 100% | $165,000 | |
Pennymac Loan Services LLC
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FHA | 1 | 1.7% | 100% | $55,000 | |
Gardner Financial Services
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FHA | 1 | 1.7% | 100% | $235,000 | |
Mortgage Solutions of Colorado
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FHA | 1 | 1.7% | 100% | $105,000 | |
The Loan Store, Inc
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Conventional | 1 | 1.7% | 100% | $165,000 | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
Northwest Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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A5.0 ★Texas Ratio: 8.14% |
HELOC | 0 +1 HELOCs |
0% | n/a | ||
Spring Eq, LLC
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HELOC | 0 +1 HELOCs |
0% | 0% |
Herscher 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 Herscher, Illinois
Looking for mortgage lenders near me or mortgage brokers near me in Herscher? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Herscher in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Herscher, IL
Use these to narrow the list above. Each category shows how many Herscher, IL lenders fit and what that kind of lender is usually best for.
Who Lends in Herscher, IL
Independent mortgage companies closed 54.2 percent of home loans in Herscher, Illinois in 2025, banks 42.4 percent and credit unions 3.4 percent. Guaranteed Rate Affinity, LLC was the largest mortgage company, Midland States Bank the largest bank and NuMark Credit Union the largest credit union. Among lenders headquartered in Illinois, Midland States Bank 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 Herscher, IL
By home loans closed in 2025, Midland States Bank was the largest mortgage lender in Herscher, Illinois with 3 loans, about 5.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
10 lenders closed FHA loans in Herscher, Illinois in 2025, led by Rocket Mortgage with 3. 1 lenders closed VA loans, led by Freedom Mortgage Corporation. 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. 13 banks and 5 credit unions closed home loans in Herscher, Illinois in 2025, alongside 18 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 Herscher, 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 Herscher, 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 Herscher. 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.
