Compare Today’s Mortgage Rates for Elwin, Illinois

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Elwin, Illinois 62532. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $3,416 or $9 / month in Elwin and other areas of Macon county.

Our search engine explores all home mortgage options in Elwin, Illinois 62532, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Elwin, Illinois 62532

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Elwin, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Elwin, IL 62532, 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 Elwin, IL

Historical Mortgage Rates for Elwin, Illinois 62532 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Elwin, Illinois and around Macon 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 86.59% 77.92% 85.23% 84.19% 82.72% 82.42% 87.91% 90.30%
avg mortgage rate 5.03% 4.76% 3.93% 4.00% 4.47% 4.07% 3.89% 4.16%
% 15 year fixed mortgage 10.11% 16.40% 11.38% 13.03% 13.60% 11.62% 9.85% 8.44%
avg mortgage rate 4.38% 3.87% 3.30% 3.25% 3.51% 3.23% 3.16% 3.31%
Avg credit score 761.58 764.96 762.31 759.34 758.67 757.27 754.84 793.88
Avg LTV (loan to value) 77.04% 77.87% 79.26% 81.73% 83.15% 83.72% 83.99% 82.79%
Avg DTI (debt to income) 31.71 32.29 30.78 31.62 32.26 32.38 32.60 34.39
% First time homebuyer 36.26% 27.76% 28.00% 29.49% 27.57% 29.83% 25.52% 16.88%
Avg mortgage insurance % 5.09% 6.08% 9.20% 11.57% 11.63% 14.35% 13.90% 13.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Elwin, Illinois 62532

If you’re looking to buy a new home in Elwin, we have compiled a list of the leading mortgage brokers around Elwin, Illinois 62532 to help you with your search.

Name
Address
Contact

Title Max

1146 Hickory Point Mall

Forsyth IL 62532

(217) 875-4632

Wells Fargo Home Mortgage

2950 N Water St

Decatur IL 62532

(217) 875-5967

http://www.wellsfargo.com/mortgage/

State Finance Co.

701 W Pershing Rd

Decatur IL 62532

(217) 872-7666

World Finance

3745 N Woodford St

Decatur IL 62532

(217) 876-9168

http://www.worldfinance.com/

Wintrust Mortgage

1610 E Pershing Rd

Decatur IL 62532

(217) 875-7149

Address

1146 Hickory Point Mall

Forsyth IL

Contact

(217) 875-4632

Address

2950 N Water St

Decatur IL

Contact

(217) 875-5967

http://www.wellsfargo.com/mortgage/

Address

701 W Pershing Rd

Decatur IL

Contact

(217) 872-7666

News on Mortgages and Reverse Mortgages for Elwin, Illinois 62532