Mortgage Lenders and Brokers in Waterman, 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
Waterman, Illinois mortgage lenders include Waterman BankWaterman Bank248 W Lincoln Hwy, Waterman, IL 60556A5.0 ★Texas Ratio: 8.69%, First State BankFirst State Bank10001 U S 30, Waterman, IL 60556A+5.0 ★Texas Ratio: 3.55%, Old National BankOld National Bank11900 S Pulaski Rd, Alsip, IL 60803A+5.0 ★Texas Ratio: 4.98%, Holcomb BankHolcomb Bank504 W Blackhawk Dr, Byron, IL 61010A+5.0 ★Texas Ratio: 0.32%, Streator Onized Credit UnionStreator Onized Credit Union107 E Chippewa St, Dwight, IL 60420A+5.0 ★Texas Ratio: 2.17%, Resource Bank N.A.Resource Bank N.A.10 W North Ave, Cortland, IL 60112B+4.7 ★Texas Ratio: 18.28%, CIBM BankCIBM Bank1801 E Empire St, Bloomington, IL 61704A5.0 ★Texas Ratio: 8.91%, Central Bank IllinoisCentral Bank Illinois440 Mulberry St, Andover, IL 61233A-5.0 ★Texas Ratio: 15.39%, The Federal Savings BankThe Federal Savings Bank4000 W Diversey Ave, Chicago, IL 60639B+4.8 ★Texas Ratio: 16.98%, and Financial Plus Credit UnionFinancial Plus Credit Union1800 E Division St, Diamond, IL 60416 6007A+5.0 ★Texas Ratio: 4.80%. 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 Waterman, Illinois in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Waterman 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 Waterman, Illinois
Market share is the lender's share of all home loans closed in Waterman, 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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248 W Lincoln Hwy, Waterman, IL 60556 A5.0 ★Texas Ratio: 8.69% |
Conventional | 1 | 1.3% | 100% | $45,000 | View |
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1 office in Waterman 10001 U S 30, Waterman, IL 60556 A+5.0 ★Texas Ratio: 3.55% |
Conventional | 1 | 1.3% | 50% | $375,000 | View |
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11900 S Pulaski Rd, Alsip, IL 60803 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 1 +2 HELOCs |
1.3% | 100% | $405,000 | View |
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504 W Blackhawk Dr, Byron, IL 61010 A+5.0 ★Texas Ratio: 0.32% |
Conventional | 1 | 1.3% | 100% | $205,000 | View |
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107 E Chippewa St, Dwight, IL 60420 A+5.0 ★Texas Ratio: 2.17% |
Conventional | 1 | 1.3% | 100% | $155,000 | View |
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10 W North Ave, Cortland, IL 60112 B+4.7 ★Texas Ratio: 18.28% |
Conventional | 1 | 1.3% | 100% | $315,000 | View |
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1801 E Empire St, Bloomington, IL 61704 A5.0 ★Texas Ratio: 8.91% |
Conventional | 1 | 1.3% | 100% | $245,000 | View |
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440 Mulberry St, Andover, IL 61233 A-5.0 ★Texas Ratio: 15.39% |
Conventional | 1 | 1.3% | 100% | $225,000 | View |
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4000 W Diversey Ave, Chicago, IL 60639 B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 1.3% | 100% | $295,000 | View |
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1800 E Division St, Diamond, IL 60416 6007 A+5.0 ★Texas Ratio: 4.80% |
Conventional | 1 | 1.3% | 100% | $295,000 | View |
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2000 W Galena Blvd, Aurora, IL 60506 A5.0 ★Texas Ratio: 6.17% |
Conventional | 1 | 1.3% | 100% | $185,000 | View |
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600 W Lake St, Addison, IL 60101 A+5.0 ★Texas Ratio: 3.68% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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625 W Army Trail Blvd, Addison, IL 60101 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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950 E Rand Rd, Arlington Heights, IL 60004 A5.0 ★Texas Ratio: 6.15% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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1780 W Fullerton Ave, Addison, IL 60101 A+5.0 ★Texas Ratio: 2.93% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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1725 S State St, Belvidere, IL 61008 A+5.0 ★Texas Ratio: 4.82% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Guaranteed Rate, Inc.
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FHA, HELOC | 2 +1 HELOCs |
2.6% | 100% | $210,000 | |
The Anderson Financial Group, Inc.
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Conventional | 2 | 2.6% | 100% | $110,000 | |
Compass Mortgage, Inc.
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Conventional | 2 | 2.6% | 100% | $215,000 | |
Community Banc Mortgage Corp
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Conventional | 1 | 1.3% | 100% | $225,000 | |
Mutual of Omaha Mortgage
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FHA | 1 | 1.3% | 50% | $185,000 | |
Nvr Mortgage Finance, Inc.
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Conventional, FHA, VA | 22 | 28.9% | 95.7% | $260,000 | |
Guild Mortgage Company
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Conventional, FHA | 7 | 9.2% | 77.8% | $217,857 | |
CrossCountry Mortgage, LLC
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Conventional, FHA | 4 | 5.3% | 100% | $202,500 | |
United Wholesale Mortgage
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Conventional, VA | 3 | 3.9% | 100% | $311,666 | |
Rocket Mortgage
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Conventional, FHA | 3 | 3.9% | 100% | $221,666 | |
Pennymac Loan Services LLC
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FHA | 2 | 2.6% | 100% | $300,000 | |
American Pacific Mortgage Corporation
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Conventional, FHA | 2 | 2.6% | 100% | $205,000 | |
Lower, LLC
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Conventional | 2 | 2.6% | 100% | $105,000 | |
Mld Mortgage, Inc.Dba the Money Store
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Conventional, FHA | 2 | 2.6% | 100% | $255,000 | |
First Community Credit Union of Beloit
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Conventional | 1 | 1.3% | 100% | $155,000 | |
Affordable Mortgage Advisors
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Conventional | 1 | 1.3% | 100% | $305,000 | |
Newrez LLC
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Conventional | 1 | 1.3% | 50% | $105,000 | |
Compeer Financial
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Conventional | 1 | 1.3% | 33.3% | $295,000 | |
Amerisave Mortgage Company
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VA | 1 | 1.3% | 50% | $435,000 | |
Stg Mortgage Inc
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Conventional | 1 | 1.3% | 100% | $265,000 | |
Geneva Financial LLC
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Conventional | 1 | 1.3% | 100% | $315,000 | |
New American Funding, LLC.
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Conventional | 1 | 1.3% | 100% | $305,000 | |
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A5.0 ★Texas Ratio: 7.37% |
Conventional | 1 | 1.3% | 100% | $175,000 | View |
Fairway Independent Mort Corp
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Conventional | 1 | 1.3% | 100% | $245,000 | |
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A+5.0 ★Texas Ratio: 2.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Waterman 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 Waterman, Illinois
Looking for mortgage lenders near me or mortgage brokers near me in Waterman? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Waterman in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Waterman, IL
Use these to narrow the list above. Each category shows how many Waterman, IL lenders fit and what that kind of lender is usually best for.
Who Lends in Waterman, IL
Independent mortgage companies closed 81.6 percent of home loans in Waterman, Illinois in 2025, banks 14.5 percent and credit unions 3.9 percent. Guaranteed Rate, Inc. was the largest mortgage company, Waterman Bank the largest bank and Streator Onized Credit Union the largest credit union. Among lenders headquartered in Illinois, Waterman Bank led with 1 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 Waterman, IL
By home loans closed in 2025, Waterman Bank was the largest mortgage lender in Waterman, Illinois with 1 loans, about 1.3 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
9 lenders closed FHA loans in Waterman, Illinois in 2025, led by Nvr Mortgage Finance, Inc. with 8. 4 lenders closed VA loans, led by Nvr Mortgage Finance, Inc.. 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. 17 banks and 4 credit unions closed home loans in Waterman, Illinois in 2025, alongside 21 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 Waterman, 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 Waterman, 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 Waterman. 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.
