Compare Today’s Mortgage Rates for Franklin, Illinois

Pureloan searches mortgage lenders and major banks in Franklin, Illinois 62638 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 $3,872 or $11 / month is expected in Franklin and other areas of Morgan county.

Pureloan’s search engine explores all home mortgage options in Franklin, Illinois 62638, 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 Franklin, Illinois 62638

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 Franklin, IL 62638, 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 Franklin, Illinois 62638 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Franklin, Illinois and around Morgan 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 Franklin, Illinois 62638

If you’re looking to buy a new home in Franklin, we have compiled a list of the leading mortgage brokers around Franklin, Illinois 62638 to help you with your search.

Name
Address
Contact

Farm Credit Services

127 S High St

Havana IL 62638

(309) 543-6556

http://www.farmcredit.com/

Central Illinois Loans

402 E Laurel Ave

Havana IL 62638

(309) 543-2450

TitleMax Title Loans

1699 W Morton Ave

Jacksonville IL 62638

(217) 243-6306

webinquiries@titlemax.com

Heights Finance Corporation

1233 W Morton Ave

Jacksonville IL 62638

(217) 245-1059

customeradvocate@heightsfinance.com

Tower Loan

404 W Morton Ave

Jacksonville IL 62638

(217) 243-5118

http://towerloan.com

Address

127 S High St

Havana IL

Contact

(309) 543-6556

http://www.farmcredit.com/

Address

402 E Laurel Ave

Havana IL

Contact

(309) 543-2450

Address

1699 W Morton Ave

Jacksonville IL

Contact

(217) 243-6306

webinquiries@titlemax.com

News on Mortgages and Reverse Mortgages for Franklin, Illinois 62638