Home Mortgage Loans

Home Mortgage Loans

When it's time to find the home of your dreams, you can count on Community First to help you finance it. Whether it's a country home with acreage, a ranch style near Rend Lake, or a historic fixer-upper, our mortgage experts will find the best rates and terms to fit your budget. Let us help you with all your mortgage needs!

  • Low, competitive rates for home purchase, refinance, or construction
  • Terms to fit your budget and needs
  • Pre-approval for better buying power
  • Refinance your current mortgage and save
  • No pre-payment penalties
  • Experienced personal service
  • Loan decisions made by lenders you trust

Financing Options

Fixed-Rate Mortgages

You will always know what your monthly principal and interest payments will be. Your interest rate is guaranteed to remain fixed for the length of your loan.

If you plan on owning your home for a long period of time, a fixed rate mortgage may be a good option.

First-Time Home Buyer

Buying your first home is an exciting milestone. We offer very low down payment options and competitive fixed rates to make your experience not only exciting, but affordable.

We actively participate in the Guaranteed Rural Housing loan program with 100% financing and flexible credit and qualifying guidelines. Please click Here for further information.

Conventional Financing

Down payment options as low as 5% or 3% for first time home buyers.

Automated underwriting and local processing allowing for a smoother closing process.

Low fixed rates for purchases and refinances.

Make sure to check out the HOME app by Fannie Mae for feature content, resources, and tools to help you with the homeownership process. HOME by Fannie Mae is available on the App Store and Google Play. Visit their website www.knowyouroptions.com/homeapp to download the app today.

Adjustable Rate Mortgages (ARM)

Interest rate that is fixed for a period of time and can increase or decrease after an initial period. Includes an interest rate cap that sets a limit on how high your interest rate can go. If you are planning on owning your home for a short period of time, an ARM may be a good option.

Our Lenders

Karen M. Pelker

117 N 10th Street

Mt Vernon IL 62864

(618) 244-3000

NMLS #525015

Jared Allen Knapp

900 S 42nd Street

Mt Vernon IL 62864

(618) 242-2004

NMLS #779286

Ramona Sue Flanagan

117 N 10th Street

Mt Vernon IL 62864

(618) 244-3000

NMLS #447295

Jo Ann Joy

117 N 10th Street

Mt Vernon IL 62864

(618) 244-3000

NMLS #447293

Steven John Down

312 N Main Street

Dix IL 62830

(618) 266-7444

NMLS #983829