Compare Today’s Mortgage Rates for Elgin, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Elgin, Illinois 60121. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $7,989 or $22 / month in Elgin and surrounding areas of Kane county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Elgin, Illinois 60121.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Elgin, Illinois 60121

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Elgin, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Elgin, IL 60121, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Elgin, IL

Historical Mortgage Rates for Elgin, Illinois 60121 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Elgin, Illinois and around Kane county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 91.75% 89.24% 88.79% 89.10% 89.29% 88.57% 91.06% 89.81%
avg mortgage rate 5.00% 4.68% 3.94% 4.03% 4.48% 4.14% 3.93% 4.16%
% 15 year fixed mortgage 6.87% 8.31% 8.99% 9.43% 8.88% 9.36% 7.44% 8.48%
avg mortgage rate 4.40% 3.99% 3.28% 3.18% 3.53% 3.33% 3.18% 3.47%
Avg credit score 759.54 762.15 760.88 757.28 753.55 750.95 751.98 751.40
Avg LTV (loan to value) 76.24% 77.43% 79.50% 80.85% 81.55% 82.47% 82.77% 82.25%
Avg DTI (debt to income) 34.55 34.53 34.07 34.70 35.19 35.61 35.77 36.11
% First time homebuyer 40.72% 37.42% 36.61% 41.95% 41.97% 43.55% 41.15% 39.12%
Avg mortgage insurance % 4.29% 5.62% 8.36% 10.06% 11.35% 12.73% 12.65% 11.78%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Elgin, Illinois 60121

If you’re looking to buy a new home in Elgin, we have compiled a list of the leading mortgage brokers around Elgin, Illinois 60121 to help 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

News on Mortgages and Reverse Mortgages for Elgin, Illinois 60121