Compare Today’s Mortgage Rates for Erie, Illinois

Pureloan searches mortgage lenders and major banks in Erie, Illinois 61250 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $6,003 or $17 / month is expected in Erie and other areas of Whiteside county.

Pureloan’s search engine explores all home mortgage options in Erie, Illinois 61250, 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 Erie, Illinois 61250

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Erie, IL 61250, 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.

Historical Mortgage Rates for Erie, Illinois 61250 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Erie, Illinois and around Whiteside 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 85.56% 81.61% 82.82% 85.11% 82.94% 86.92% 86.18% 83.03%
avg mortgage rate 4.96% 4.68% 3.86% 3.97% 4.39% 4.07% 3.84% 4.11%
% 15 year fixed mortgage 11.81% 15.81% 14.63% 12.56% 14.37% 11.01% 11.60% 14.36%
avg mortgage rate 4.37% 3.89% 3.08% 3.10% 3.41% 3.16% 3.01% 3.20%
Avg credit score 760.45 758.55 758.54 756.99 755.11 751.65 750.63 756.66
Avg LTV (loan to value) 77.20% 77.11% 80.43% 81.27% 81.10% 82.11% 82.58% 82.46%
Avg DTI (debt to income) 32.56 33.13 31.53 32.95 33.14 33.28 32.75 33.14
% First time homebuyer 34.51% 28.23% 35.03% 36.88% 31.87% 36.38% 38.00% 34.99%
Avg mortgage insurance % 5.01% 5.22% 8.92% 10.54% 9.70% 11.47% 12.23% 11.93%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Erie, Illinois 61250

If you’re looking to buy a new home in Erie, we have compiled a list of the leading mortgage brokers around Erie, Illinois 61250 to help you with your search.

Name
Address
Contact

Wells Fargo Home Mortgage

1104 6th Ave

Erie IL 61250

(309) 659-7800

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

First Federal Savings & Loan

320 W Main St

Geneseo IL 61250

(309) 944-5156

http://www.ffsla.com/

Wells Fargo Home Mortgage

121 W 1st St

Geneseo IL 61250

(309) 945-4328

robert.maund@abbotdowning.com

1St Farm Credit Service

1303 US Highway 6 E

Geneseo IL 61250

(309) 944-6731

secure@1stfarmcredit.com

Heights Finance

1128 Columbus St

Ottawa IL 61250

(815) 433-6406

customeradvocate@heightsfinance.com

Address

1104 6th Ave

Erie IL

Contact

(309) 659-7800

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

Address

320 W Main St

Geneseo IL

Contact

(309) 944-5156

http://www.ffsla.com/

Address

121 W 1st St

Geneseo IL

Contact

(309) 945-4328

robert.maund@abbotdowning.com

News on Mortgages and Reverse Mortgages for Erie, Illinois 61250