Compare Today’s Mortgage Rates in Galena, Illinois 61036
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Galena, Illinois 61036.
Our search engine thoroughly explores all home mortgage options in Galena, Illinois 61036, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $7,674 in lifetime cash or $21 per month in Galena and other areas of Jo Daviess county.
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Summary of Average Mortgages in Galena, Illinois 61036
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Galena, Illinois 61036
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Galena, IL 61036. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Galena, Illinois 61036 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Galena, Illinois and around Jo Daviess county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 93.14% | 88.92% | 88.28% | 84.30% | 86.72% | 85.93% | 83.84% | 83.66% | 84.64% |
| avg mortgage rate | 6.66% | 4.73% | 3.06% | 3.35% | 4.39% | 4.67% | 4.17% | 3.82% | 4.04% |
| % 15 year fixed mortgage | 5.39% | 9.39% | 8.99% | 12.93% | 10.55% | 11.17% | 13.01% | 13.16% | 12.61% |
| avg mortgage rate | 5.73% | 3.88% | 2.45% | 2.80% | 3.79% | 4.07% | 3.31% | 2.99% | 3.14% |
| Avg credit score | 747.56 | 775.84 | 764.46 | 766.79 | 772.91 | 760.40 | 752.02 | 750.15 | 751.05 |
| Avg LTV (loan to value) | 82.44% | 83.73% | 84.12% | 83.82% | 84.02% | 82.94% | 83.16% | 82.95% | 82.00% |
| Avg DTI (debt to income) | 34.28 | 35.94 | 33.15 | 33.45 | 33.38 | 34.31 | 33.14 | 32.57 | 32.36 |
| % First time homebuyer | 46.57% | 41.88% | 37.71% | 38.20% | 36.48% | 31.17% | 29.45% | 33.28% | 30.53% |
| Avg mortgage insurance % | 13.34% | 14.11% | 13.95% | 13.93% | 14.03% | 12.93% | 11.98% | 12.69% | 11.32% |
Best Mortgage Brokers around Galena, Illinois 61036
For those searching for a new home in Galena, we have compiled a list of the top mortgage brokers located in and around Galena, Illinois 61036 to assist you with your search.
Name
Address
Contact
Wells Fargo Home Mortgage
5 Shortridge Trl
Galena IL 61036
(815) 776-1011
http://www.wellsfargo.com/mortgage/
TitleMax Title Loans
2298 Gateway Center Dr
Belvidere IL 61036
(815) 544-5703
webinquiries@titlemax.com
Check 'n Go
128 S State St
Belvidere IL 61036
(815) 547-1900
comments@checkngo.com
Springleaf Financial Services
342 W Chrysler Dr
Belvidere IL 61036
(815) 544-3417
compliancehelpline@slfs.com
World Finance
1464 N State St
Belvidere IL 61036
(815) 544-0750
http://www.worldacceptance.com
Address
5 Shortridge Trl
Galena IL
Contact
(815) 776-1011
http://www.wellsfargo.com/mortgage/
Address
2298 Gateway Center Dr
Belvidere IL
Contact
(815) 544-5703
webinquiries@titlemax.com
Address
128 S State St
Belvidere IL
Contact
(815) 547-1900
comments@checkngo.com