Mortgage Lenders and Brokers in Waterloo, 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
Waterloo, Illinois mortgage lenders include First National Bank of WaterlooFirst National Bank of Waterloo961 N Market St, Waterloo, IL 62298A5.0 ★Texas Ratio: 8.07%, State BankState Bank501 N Market St, Waterloo, IL 62298C+4.1 ★Texas Ratio: 25.55%, Dieterich BankDieterich Bank101 N Main St, Waterloo, IL 62298B+4.7 ★Texas Ratio: 18.69%, Bank of BellevilleBank of Belleville813 N Market St, Waterloo, IL 62298B4.6 ★Texas Ratio: 19.57%, Midland States BankMidland States Bank101 N Main St, Waterloo, IL 62298A5.0 ★Texas Ratio: 9.50%, Scott Credit UnionScott Credit Union1019 N Illinois Route 3, Waterloo, IL 62298 3288A+5.0 ★Texas Ratio: 3.36%, Fcb BanksFcb Banks201 N Commercial St, Albers, IL 62215A5.0 ★Texas Ratio: 7.31%, Regions BankRegions Bank2850 Homer M Adams Pkwy, Alton, IL 62002A+5.0 ★Texas Ratio: 4.37%, US Bank, N.A.US Bank, N.A.540 W Lake St, Addison, IL 60101A+5.0 ★Texas Ratio: 2.85%, and JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA600 W Lake St, Addison, IL 60101A+5.0 ★Texas Ratio: 3.68%. 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 Waterloo, Illinois in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Waterloo 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 Waterloo, Illinois
Market share is the lender's share of all home loans closed in Waterloo, 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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2 offices in Waterloo 961 N Market St, Waterloo, IL 62298 A5.0 ★Texas Ratio: 8.07% |
Conventional | 53 | 12.1% | 96.6% | $248,962 | View |
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1 office in Waterloo 501 N Market St, Waterloo, IL 62298 C+4.1 ★Texas Ratio: 25.55% |
Conventional | 42 | 9.6% | 82.7% | $213,809 | View |
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2 offices in Waterloo 101 N Main St, Waterloo, IL 62298 B+4.7 ★Texas Ratio: 18.69% |
Conventional | 12 | 2.7% | 100% | $251,666 | View |
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1 office in Waterloo 813 N Market St, Waterloo, IL 62298 B4.6 ★Texas Ratio: 19.57% |
Conventional | 3 | 0.7% | 100% | $235,000 | View |
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1 office in Waterloo 101 N Main St, Waterloo, IL 62298 A5.0 ★Texas Ratio: 9.50% |
Conventional, HELOC | 2 +6 HELOCs |
0.5% | 66.7% | $245,000 | View |
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1019 N Illinois Route 3, Waterloo, IL 62298 3288 A+5.0 ★Texas Ratio: 3.36% |
Conventional, HELOC | 12 +10 HELOCs |
2.7% | 85.7% | $244,166 | View |
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201 N Commercial St, Albers, IL 62215 A5.0 ★Texas Ratio: 7.31% |
Conventional, FHA, VA, HELOC | 12 +1 HELOCs |
2.7% | 85.7% | $208,333 | View |
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2850 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 4.37% |
Conventional, FHA, HELOC | 4 +3 HELOCs |
0.9% | 85.7% | $120,000 | View |
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540 W Lake St, Addison, IL 60101 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 4 +2 HELOCs |
0.9% | 80% | $135,000 | View |
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600 W Lake St, Addison, IL 60101 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 4 | 0.9% | 100% | $357,500 | View |
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1309 Swanwick St, Chester, IL 62233 A+5.0 ★Texas Ratio: 2.34% |
Conventional | 4 | 0.9% | 100% | $170,000 | View |
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104 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 3.45% |
Conventional, VA, HELOC | 3 +3 HELOCs |
0.7% | 100% | $335,000 | View |
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120 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 3.58% |
Conventional | 3 | 0.7% | 100% | $108,333 | View |
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2403 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 2.53% |
Conventional, HELOC | 2 +1 HELOCs |
0.5% | 100% | $315,000 | View |
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245 N Main St, Canton, IL 61520 A+5.0 ★Texas Ratio: 5.36% |
Conventional, VA | 2 | 0.5% | 100% | $330,000 | View |
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285 Southwoods Ctr, Columbia, IL 62236 A+5.0 ★Texas Ratio: 3.12% |
Conventional | 2 | 0.5% | 100% | $415,000 | View |
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620 N State St, Freeburg, IL 62243 D3.1 ★Texas Ratio: 38.34% |
Conventional | 2 | 0.5% | 66.7% | $280,000 | View |
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850 W Algonquin Rd, Arlington Heights, IL 60005 A+5.0 ★Texas Ratio: 4.14% |
Conventional, HELOC | 1 +4 HELOCs |
0.2% | 100% | $175,000 | View |
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350 Riverpark Dr, East Saint Louis, IL 62201 A+5.0 ★Texas Ratio: 2.49% |
Conventional, HELOC | 1 +2 HELOCs |
0.2% | 100% | $125,000 | View |
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1015 W Windsor Rd, Champaign, IL 61821 A5.0 ★Texas Ratio: 13.68% |
Conventional | 1 | 0.2% | 100% | $295,000 | View |
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1500 W Main St, Carbondale, IL 62901 A4.7 ★Texas Ratio: 4.32% |
Conventional | 1 | 0.2% | 100% | $345,000 | View |
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115 S Madison St, Lebanon, IL 62254 B+4.8 ★Texas Ratio: 17.14% |
Conventional | 1 | 0.2% | 100% | $65,000 | View |
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442 S Demazenod Dr, Belleville, IL 62223 A+5.0 ★Texas Ratio: 0.89% |
Conventional | 1 | 0.2% | 100% | $55,000 | View |
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304 W Main St, Ava, IL 62907 A+5.0 ★Texas Ratio: 0.35% |
Conventional | 1 | 0.2% | 100% | $385,000 | View |
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485 Lake St, Antioch, IL 60002 A+5.0 ★Texas Ratio: 0.84% |
Conventional | 1 | 0.2% | 100% | $55,000 | View |
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4000 W Diversey Ave, Chicago, IL 60639 B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.2% | 100% | $415,000 | View |
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101 W Washington Ave, Altamont, IL 62411 A+5.0 ★Texas Ratio: 3.88% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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777 W Army Trail Blvd, Addison, IL 60101 A+5.0 ★Texas Ratio: 3.22% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA, USDA, HELOC | 55 +1 HELOCs |
12.5% | 96.5% | $283,545 | |
Citizens Equity First Credit U
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Conventional | 2 | 0.5% | 100% | $305,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 0.2% | 100% | $355,000 | |
Fairway Independent Mort Corp
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Conventional, FHA, VA, USDA | 35 | 8% | 89.7% | $304,428 | |
Rocket Mortgage
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Conventional, FHA, VA | 19 | 4.3% | 82.6% | $174,473 | |
United Wholesale Mortgage
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Conventional, FHA, VA, HELOC | 14 +1 HELOCs |
3.2% | 93.8% | $307,142 | |
Mortgage Research Center
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Conventional, FHA, VA | 10 | 2.3% | 73.3% | $370,000 | |
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A+5.0 ★Texas Ratio: 5.29% |
Conventional, FHA, VA | 8 | 1.8% | 100% | $291,250 | View |
First Community Credit Union
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Conventional, HELOC | 6 +6 HELOCs |
1.4% | 66.7% | $218,333 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 6 | 1.4% | 100% | $178,333 | |
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A-4.8 ★Texas Ratio: 12.33% |
Conventional, Jumbo | 6 | 1.4% | 100% | $428,333 | View |
Endeavor Capital, LLC
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Conventional, FHA | 6 | 1.4% | 100% | $306,666 | |
New American Funding, LLC.
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Conventional, FHA | 6 | 1.4% | 100% | $208,333 | |
Freedom Mortgage Corporation
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FHA, VA | 5 | 1.1% | 87.5% | $341,000 | |
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A5.0 ★Texas Ratio: 7.37% |
Conventional | 5 | 1.1% | 100% | $287,000 | View |
Lakeview Loan Servicing, LLC
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Conventional, FHA | 4 | 0.9% | 55.6% | $180,000 | |
Amerisave Mortgage Company
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Conventional, FHA, VA | 4 | 0.9% | 66.7% | $172,500 | |
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A+5.0 ★Texas Ratio: 4.25% |
Conventional, HELOC | 3 +2 HELOCs |
0.7% | 75% | $208,333 | |
Newrez LLC
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Conventional, VA | 3 | 0.7% | 100% | $368,333 | |
Envoy Mortgage, Ltd
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Conventional, FHA | 3 | 0.7% | 100% | $241,666 | |
Neighbors Credit Union
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Conventional | 3 | 0.7% | 100% | $45,000 | |
Das Acquisition Company, LLC
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Conventional | 3 | 0.7% | 100% | $248,333 | |
Arsenal Credit Union
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Conventional | 3 | 0.7% | 100% | $181,666 | |
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★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87% |
Conventional | 3 | 0.7% | 100% | $351,666 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 3 | 0.7% | 100% | $78,333 | View |
Ark-La-Tex Financial Services LLC
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Conventional, FHA, VA | 3 | 0.7% | 100% | $218,333 | |
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A5.0 ★Texas Ratio: 8.14% |
VA, HELOC | 2 +1 HELOCs |
0.5% | 66.7% | $300,000 | |
Primelending
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Conventional | 2 | 0.5% | 100% | $225,000 | |
Guild Mortgage Company
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Conventional | 2 | 0.5% | 100% | $170,000 | |
Flat Branch Mortgage, Inc.
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Conventional, VA | 2 | 0.5% | 100% | $420,000 | |
Nationstar Mortgage
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Conventional | 2 | 0.5% | 66.7% | $50,000 | |
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A+5.0 ★Texas Ratio: 5.66% |
FHA, USDA | 2 | 0.5% | 100% | $295,000 | View |
Lower, LLC
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Conventional | 2 | 0.5% | 100% | $345,000 | |
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A5.0 ★Texas Ratio: 12.35% |
FHA | 2 | 0.5% | 100% | $210,000 | View |
Cornerstone First Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $165,000 | |
American Airlines Federal Cred
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Conventional | 1 | 0.2% | 100% | $165,000 | |
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★ 5 stars, 1 review A+5.0 ★Texas Ratio: 5.76% |
Conventional | 1 | 0.2% | 100% | $405,000 | View |
Royal United Mortgage LLC
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Conventional | 1 | 0.2% | 100% | $185,000 | |
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A+5.0 ★Texas Ratio: 0.14% |
Conventional | 1 | 0.2% | 100% | $155,000 | View |
Everett Financial, Inc.
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VA | 1 | 0.2% | 100% | $455,000 | |
Sage Home Loans Corporation
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Conventional | 1 | 0.2% | 100% | $245,000 | |
CrossCountry Mortgage, LLC
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FHA | 1 | 0.2% | 100% | $305,000 | |
loanDepot.com LLC
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Conventional | 1 | 0.2% | 50% | $75,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.2% | 100% | $355,000 | |
Movement Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $245,000 | |
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A+5.0 ★Texas Ratio: 2.38% |
VA | 1 | 0.2% | 100% | $605,000 | View |
Century Credit Union
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Conventional | 1 | 0.2% | 100% | $175,000 | |
Discover Bank
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Conventional | 1 | 0.2% | 33.3% | $65,000 | |
Jlb Corporation dba Golden Oak Lending
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FHA | 1 | 0.2% | 100% | $385,000 | |
Access Capital Funding LLC
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FHA | 1 | 0.2% | 100% | $425,000 | |
Cardinal Financial Company, Li
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Conventional | 1 | 0.2% | 100% | $125,000 | |
New Day Financial, LLC.
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VA | 1 | 0.2% | 100% | $275,000 | |
Planet Home Lending, LLC
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FHA | 1 | 0.2% | 50% | $425,000 | |
First Heritage Financial LLC
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FHA | 1 | 0.2% | 100% | $235,000 | |
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A+5.0 ★Texas Ratio: 4.97% |
Conventional | 1 | 0.2% | 50% | $25,000 | |
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B3.7 ★Texas Ratio: 4.35% |
Conventional | 1 | 0.2% | 100% | $165,000 | View |
Mission Loans, LLC
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Conventional | 1 | 0.2% | 100% | $105,000 | |
Towne Mortgage Company
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USDA | 1 | 0.2% | 100% | $185,000 | |
Zillow Home Loans, LLC
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Conventional | 1 | 0.2% | 100% | $425,000 | |
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A+5.0 ★Texas Ratio: 2.32% |
Conventional | 1 | 0.2% | 100% | $145,000 | View |
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A5.0 ★Texas Ratio: 11.97% |
Conventional | 1 | 0.2% | 100% | $315,000 | View |
Farm Credit Mid-America, Aca
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Conventional | 1 | 0.2% | 100% | $215,000 | |
Gershman Investment Corp.
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FHA | 1 | 0.2% | 100% | $225,000 | |
Lendage, LLC dba Achieve Loans
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HELOC | 0 +5 HELOCs |
0% | n/a | ||
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 3.43% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Quorum Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
The Loan Store, Inc
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Waterloo 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 Waterloo, Illinois
Looking for mortgage lenders near me or mortgage brokers near me in Waterloo? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Waterloo in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Waterloo, IL
Use these to narrow the list above. Each category shows how many Waterloo, IL lenders fit and what that kind of lender is usually best for.
Who Lends in Waterloo, IL
Independent mortgage companies closed 48.7 percent of home loans in Waterloo, Illinois in 2025, banks 43.3 percent and credit unions 8 percent. Guaranteed Rate, Inc. was the largest mortgage company, First National Bank of Waterloo the largest bank and Scott Credit Union the largest credit union. Among lenders headquartered in Illinois, First National Bank of Waterloo led with 53 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 Waterloo, IL
By home loans closed in 2025, First National Bank of Waterloo was the largest mortgage lender in Waterloo, Illinois with 53 loans, about 12.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Waterloo, Illinois, First National Bank of Waterloo approved the highest share of completed applications in 2025 at 96.6 percent, against a 89.7 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
25 lenders closed FHA loans in Waterloo, Illinois in 2025, led by Guaranteed Rate, Inc. with 12. 20 lenders closed VA loans, led by Guaranteed Rate, Inc., and 4 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. 42 banks and 12 credit unions closed home loans in Waterloo, Illinois in 2025, alongside 44 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 Waterloo, 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 Waterloo, 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 Waterloo. 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.
