Population
12,582,032
Average Household Income
$100,719
Joseph Lacy
Loan Officer
Marlton, NJ
Licensed in NJ, PA, VA, FL & IL
NMLS #1885382
Trusted Mortgage Lender in Illinois
Customized home loans tailored for Illinois buyers, with local service and national strength.
Born in New England, Built to Serve Illinois
NewFed Mortgage Corp. is a top-rated mortgage lender in Illinois, offering exceptional service and competitive rates to their clients. With a team of experienced mortgage professionals, NewFed Mortgage Corp. is dedicated to helping individuals and families secure the right mortgage product for their unique financial situation. As a trusted mortgage lender in Illinois, they offer a wide range of mortgage products, including conventional, FHA, VA, and USDA loans, as well as refinancing options. With a focus on transparency and communication, NewFed Mortgage Corp. ensures that their clients are informed and involved throughout the mortgage process. Whether you are a first-time homebuyer or a seasoned homeowner in Illinois, NewFed Mortgage Corp. is committed to making your home financing experience as smooth and stress-free as possible.
Illinois is a diverse state with a variety of cities and towns offering unique lifestyles and attractions. Chicago, the state’s largest city, is known for its vibrant arts scene, world-class museums, and iconic architecture. Other popular urban centers include Springfield, the state capital, and Champaign-Urbana, home to the University of Illinois. For those seeking a quieter lifestyle, smaller towns like Galena, Geneva, and Quincy offer historic charm and picturesque scenery. The state also boasts beautiful natural areas such as Starved Rock State Park, Shawnee National Forest, and the Great River Road along the Mississippi River.
Danvers Branch
Reading Branch
North Andover Branch
Winthrop Branch
Milton Branch
Illinois at a Glance
Illinois Mortgage & Housing Market Insights
Median Household Income
According to the U.S. Census Bureau, the median household income in Connecticut is $99,858. Don't let that deter you from exploring financing. We have several programs that can help you save.
Median Home Price
Zillow reports that the average home value in Connecticut is $628,654, reflecting a 5.1% increase over the past year.
Affordability Index
Research indicates that the median household income as a percentage of home value is 15%. While this suggests that housing affordability is a significant challenge here, we can help!
Financed Property Types
The most commonly financed property types in Connecticut continues to be single-family and multi-family homes.
Mortgage Options for Illinois Homebuyers
Conventional Loans
Best for people with steady income and good credit who want low-interest rates.
VA Loans
A top choice for veterans, active military, and their families to buy a home with no down payment.
USDA Loans
Best for people buying a home in the country, with no down payment and low costs.
Reverse Mortgages
A good choice for older homeowners who want to get money from their home without selling it.
Non-Conventional Loans
A good option for people who don’t qualify for regular home loans but need a special loan.
HELOC Loans
Lets homeowners use the value of their home to get money for projects or bills.
FHA Loans
A smart pick for first-time homebuyers or people with lower credit who need a small down payment.
Ask Us About MassHousing
Partnered with MassHousing, we can offer eligible homebuyers additional savings on their home purchase. Speak to one of our Illinois loan officers to learn more and discuss your eligibility.
Mortgage Pricing & Affordability Calculators
Crunch some numbers to see what options you may have. These calculators are a great way to start exploring your possibilities. To get a true loan estimate, reach out to one of our mortgage loan officers! We will get you pre-approved and shopping with confidence.
Five Things to Know When Starting the Homebuying Process
Just getting started on your homebuying journey? Our free guide, 5 Things to Know When Starting the Homebuying Process, is packed with expert tips to help you feel confident and prepared from day one. Learn how to get pre-approved, understand hidden costs, act fast in competitive markets, and more. Download your copy today and take the first step toward smart, stress-free homeownership with NewFed Mortgage by your side.
Why More Illinois Buyers Choose NewFed Mortgage
- Fast closings (39% faster than industry average)
- Local loan officers across the state
- Modern (and mobile-friendly) tech + personal support
- 20+ years of local mortgage lending
- Family-owned, Chelsea-based roots
- Named A Top Place to Work by The Boston Globe (2024)
