Compare Today’s Mortgage Rates in Elgin, Illinois 60121
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Elgin, Illinois 60121.
Our search engine thoroughly explores all home mortgage options in Elgin, Illinois 60121, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $15,472 in lifetime cash or $43 per month in Elgin and other areas of Kane county.
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Summary of Average Mortgages in Elgin, Illinois 60121
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Elgin, Illinois 60121
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Elgin, IL 60121. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Elgin, Illinois 60121 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Elgin, Illinois and around Kane county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 89.81% | 91.06% | 88.57% | 89.29% | 89.10% | 88.79% | 89.24% | 91.75% | |
avg mortgage rate | 4.16% | 3.93% | 4.14% | 4.48% | 4.03% | 3.94% | 4.68% | 5.00% | |
% 15 year fixed mortgage | 8.48% | 7.44% | 9.36% | 8.88% | 9.43% | 8.99% | 8.31% | 6.87% | |
avg mortgage rate | 3.47% | 3.18% | 3.33% | 3.53% | 3.18% | 3.28% | 3.99% | 4.40% | |
Avg credit score | 751.40 | 751.98 | 750.95 | 753.55 | 757.28 | 760.88 | 762.15 | 759.54 | |
Avg LTV (loan to value) | 82.25% | 82.77% | 82.47% | 81.55% | 80.85% | 79.50% | 77.43% | 76.24% | |
Avg DTI (debt to income) | 36.11 | 35.77 | 35.61 | 35.19 | 34.70 | 34.07 | 34.53 | 34.55 | |
% First time homebuyer | 39.12% | 41.15% | 43.55% | 41.97% | 41.95% | 36.61% | 37.42% | 40.72% | |
Avg mortgage insurance % | 11.78% | 12.65% | 12.73% | 11.35% | 10.06% | 8.36% | 5.62% | 4.29% |
Best Mortgage Brokers around Elgin, Illinois 60121
For those searching for a new home in Elgin, we have compiled a list of the top mortgage brokers located in and around Elgin, Illinois 60121 to assist you with your search.
Name
Address
Contact
Amano Enzyme
1415 Madeline Ln
Elgin IL 60121
(224) 281-4894
American Central Mortgage
66 S Riverside Dr
Elgin IL 60121
(847) 760-8100
manuel_pedre@earthlink.net
Best Rate Mortgage
608 Dundee Ave
Elgin IL 60121
(847) 760-5151
Unicity Mortgage Service
158 E Chicago St
Elgin IL 60121
(847) 695-8300
Primerica Financial Services
205 E Chicago St
Elgin IL 60121
(847) 488-1039
us_lifeclaims@primerica.com
Address
1415 Madeline Ln
Elgin IL
Contact
(224) 281-4894
Address
66 S Riverside Dr
Elgin IL
Contact
(847) 760-8100
manuel_pedre@earthlink.net
Address
608 Dundee Ave
Elgin IL
Contact
(847) 760-5151