Compare Today’s Mortgage Rates for Farmington, Illinois

Pureloan searches mortgage lenders and major banks in Farmington, Illinois 61531 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 $5,534 or $15 / month is expected in Farmington and other areas of Fulton county.

Pureloan’s search engine explores all home mortgage options in Farmington, Illinois 61531, 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 Farmington, Illinois 61531

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Farmington, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Farmington, IL 61531, 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 Farmington, IL

Historical Mortgage Rates for Farmington, Illinois 61531 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Farmington, Illinois and around Fulton 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 Farmington, Illinois 61531

If you’re looking to buy a new home in Farmington, we have compiled a list of the leading mortgage brokers around Farmington, Illinois 61531 to help you with your search.

Name
Address
Contact

PNC Mortgage

215 W Jefferson St

Morton IL 61531

(309) 263-1922

http://pncmortgage.com

Citizens Mortgage Services In

204 N Main St

Morton IL 61531

(309) 266-6596

Mortgage Exchange

1041 W Jackson St

Morton IL 61531

(309) 266-7729

dmoore@mtgexchange.com

Kouri Mortgage

319 E Forestwood St

Morton IL 61531

(309) 263-2263

American Mortgage Company

1349 W Birchwood St

Morton IL 61531

(309) 266-9839

Address

215 W Jefferson St

Morton IL

Contact

(309) 263-1922

http://pncmortgage.com

Address

204 N Main St

Morton IL

Contact

(309) 266-6596

Address

1041 W Jackson St

Morton IL

Contact

(309) 266-7729

dmoore@mtgexchange.com

News on Mortgages and Reverse Mortgages for Farmington, Illinois 61531