Mortgage Lenders and Brokers in Salem, 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
Salem, Illinois mortgage lenders include Community Partners Savings BankCommunity Partners Savings Bank310 W Main St, Salem, IL 62881A5.0 ★Texas Ratio: 7.80%, Peoples National Bank, N.A.Peoples National Bank, N.A.102 Cross Creek Blvd, Salem, IL 62881A5.0 ★Texas Ratio: 9.39%, First Financial Bank NAFirst Financial Bank NA1365 W Main St, Salem, IL 62881A+5.0 ★Texas Ratio: 3.47%, The Peoples State Bank of NewtonThe Peoples State Bank of Newton1310 W Main St, Salem, IL 62881A+5.0 ★Texas Ratio: 3.16%, United Community BankUnited Community Bank2403 Homer M Adams Pkwy, Alton, IL 62002A+5.0 ★Texas Ratio: 2.53%, Scott Credit UnionScott Credit Union4807 W Main St, Belleville, IL 62226 4722A+5.0 ★Texas Ratio: 3.36%, US Bank, N.A.US Bank, N.A.540 W Lake St, Addison, IL 60101A+5.0 ★Texas Ratio: 2.85%, Midland States BankMidland States Bank951 Dixie Hwy, Beecher, IL 60401A5.0 ★Texas Ratio: 9.50%, Regions BankRegions Bank2850 Homer M Adams Pkwy, Alton, IL 62002A+5.0 ★Texas Ratio: 4.37%, and The FNB Community BankThe FNB Community Bank1310 E City Route 40, Greenville, IL 62246A+5.0 ★Texas Ratio: 4.91%. 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 Salem, Illinois in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Salem 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 Salem, Illinois
Market share is the lender's share of all home loans closed in Salem, 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 Salem 310 W Main St, Salem, IL 62881 A5.0 ★Texas Ratio: 7.80% |
Conventional | 20 | 17.4% | 87.5% | $102,000 | View |
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1 office in Salem 102 Cross Creek Blvd, Salem, IL 62881 A5.0 ★Texas Ratio: 9.39% |
Conventional, FHA, USDA | 15 | 13% | 94.1% | $128,333 | View |
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2 offices in Salem 1365 W Main St, Salem, IL 62881 A+5.0 ★Texas Ratio: 3.47% |
Conventional, HELOC | 1 +2 HELOCs |
0.9% | 50% | $75,000 | View |
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1 office in Salem 1310 W Main St, Salem, IL 62881 A+5.0 ★Texas Ratio: 3.16% |
Conventional | 1 | 0.9% | 100% | $185,000 | View |
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2403 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 2.53% |
Conventional, FHA, VA, USDA | 12 | 10.4% | 100% | $100,833 | View |
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4807 W Main St, Belleville, IL 62226 4722 A+5.0 ★Texas Ratio: 3.36% |
Conventional, FHA | 7 | 6.1% | 100% | $135,000 | View |
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540 W Lake St, Addison, IL 60101 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA | 6 | 5.2% | 75% | $113,333 | View |
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951 Dixie Hwy, Beecher, IL 60401 A5.0 ★Texas Ratio: 9.50% |
Conventional, HELOC | 2 +1 HELOCs |
1.7% | 100% | $55,000 | View |
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2850 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 4.37% |
Conventional, HELOC | 1 +2 HELOCs |
0.9% | 100% | $65,000 | View |
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1310 E City Route 40, Greenville, IL 62246 A+5.0 ★Texas Ratio: 4.91% |
USDA | 1 | 0.9% | 100% | $65,000 | View |
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245 N Main St, Canton, IL 61520 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.9% | 100% | $165,000 | View |
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104 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 3.45% |
Conventional | 1 | 0.9% | 100% | $145,000 | View |
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1175 E Main St, Carbondale, IL 62901 3126 A+5.0 ★Texas Ratio: 4.91% |
Conventional | 1 | 0.9% | 100% | $35,000 | View |
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350 Riverpark Dr, East Saint Louis, IL 62201 A+5.0 ★Texas Ratio: 2.49% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Community Banc Mortgage Corp
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Conventional | 2 | 1.7% | 100% | $150,000 | |
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A+5.0 ★Texas Ratio: 5.29% |
Conventional, FHA, VA | 8 | 7% | 100% | $141,250 | View |
Rocket Mortgage
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Conventional, FHA, VA | 7 | 6.1% | 72.7% | $133,571 | |
Mortgage Research Center
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VA | 5 | 4.3% | 71.4% | $187,000 | |
Freedom Mortgage Corporation
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Conventional, VA | 3 | 2.6% | 75% | $168,333 | |
Flat Branch Mortgage, Inc.
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FHA, VA, USDA | 3 | 2.6% | 100% | $161,666 | |
Fairway Independent Mort Corp
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Conventional, FHA | 3 | 2.6% | 75% | $71,666 | |
Premier Mortgage Resources, LLC
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Conventional, FHA | 2 | 1.7% | 66.7% | $40,000 | |
loanDepot.com LLC
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Conventional, FHA | 2 | 1.7% | 100% | $95,000 | |
Guild Mortgage Company
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Conventional, FHA | 2 | 1.7% | 100% | $75,000 | |
United Wholesale Mortgage
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FHA | 1 | 0.9% | 100% | $165,000 | |
CrossCountry Mortgage, LLC
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Conventional | 1 | 0.9% | 100% | $175,000 | |
Pennymac Loan Services LLC
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VA | 1 | 0.9% | 100% | $145,000 | |
FirstTrust Home Loans
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USDA | 1 | 0.9% | 50% | $95,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.9% | 100% | $235,000 | View |
American Pacific Mortgage Corporation
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FHA | 1 | 0.9% | 100% | $165,000 | |
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A5.0 ★Texas Ratio: 7.48% |
Conventional | 1 | 0.9% | 100% | $65,000 | View |
Endeavor Capital, LLC
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FHA | 1 | 0.9% | 100% | $75,000 | |
New American Funding, LLC.
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Conventional | 1 | 0.9% | 100% | $75,000 | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a |
Salem 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 Salem, Illinois
Looking for mortgage lenders near me or mortgage brokers near me in Salem? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Salem in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Salem, IL
Use these to narrow the list above. Each category shows how many Salem, IL lenders fit and what that kind of lender is usually best for.
Who Lends in Salem, IL
Independent mortgage companies closed 36.5 percent of home loans in Salem, Illinois in 2025, banks 56.5 percent and credit unions 7 percent. Delmar Financial Company was the largest mortgage company, Community Partners Savings Bank the largest bank and Scott Credit Union the largest credit union. Among lenders headquartered in Illinois, Community Partners Savings Bank led with 20 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 Salem, IL
By home loans closed in 2025, Community Partners Savings Bank was the largest mortgage lender in Salem, Illinois with 20 loans, about 17.4 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
14 lenders closed FHA loans in Salem, Illinois in 2025, led by United Community Bank with 3. 8 lenders closed VA loans, led by Mortgage Research Center, and 5 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. 15 banks and 2 credit unions closed home loans in Salem, Illinois in 2025, alongside 17 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 Salem, 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 Salem, 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 Salem. 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.
