Compare Today’s Mortgage Rates for Franklin Grove, Illinois

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Franklin Grove, Illinois 61031. 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 $3,998 or $11 / month in Franklin Grove and other areas of Lee county.

Our search engine explores all home mortgage options in Franklin Grove, Illinois 61031, 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 Grove, Illinois 61031

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 Grove, IL 61031, 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 Grove, Illinois 61031 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Franklin Grove, Illinois and around Lee 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 Franklin Grove, Illinois 61031

If you’re looking to buy a new home in Franklin Grove, we have compiled a list of the leading mortgage brokers around Franklin Grove, Illinois 61031 to help you with your search.

Name
Address
Contact

Springleaf Financial Services

1888 S West Ave

Freeport IL 61031

(815) 232-9001

https://www.springleaf.com/branches/IL/Freeport/61032/1352

American Cash N Go

1254 W Galena Ave

Freeport IL 61031

(815) 235-4250

World Acceptance

1850 S West Ave

Freeport IL 61031

(815) 232-8159

http://worldacceptance.com

Best Yet Mortgage

26 S Galena Ave

Freeport IL 61031

(815) 801-2961

Farm Credit Services

651 W Meadows Dr

Freeport IL 61031

(815) 235-3171

Address

1888 S West Ave

Freeport IL

Contact

(815) 232-9001

https://www.springleaf.com/branches/IL/Freeport/61032/1352

Address

1254 W Galena Ave

Freeport IL

Contact

(815) 235-4250

Address

1850 S West Ave

Freeport IL

Contact

(815) 232-8159

http://worldacceptance.com

News on Mortgages and Reverse Mortgages for Franklin Grove, Illinois 61031