Compare Today’s Mortgage Rates for Kankakee, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Kankakee, Illinois 60901. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $6,134 or $17 / month in Kankakee and surrounding areas of Kankakee county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Kankakee, Illinois 60901.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Kankakee, Illinois 60901

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Kankakee, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Kankakee, IL 60901, 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 Kankakee, IL

Historical Mortgage Rates for Kankakee, Illinois 60901 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Kankakee, Illinois and around Kankakee 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 91.78% 87.76% 89.69% 88.49% 88.96% 88.02% 90.34% 88.63%
avg mortgage rate 4.97% 4.70% 3.90% 4.00% 4.46% 4.13% 3.90% 4.14%
% 15 year fixed mortgage 6.74% 9.79% 8.06% 10.15% 9.61% 10.23% 8.17% 9.96%
avg mortgage rate 4.38% 3.94% 3.19% 3.18% 3.51% 3.28% 3.12% 3.34%
Avg credit score 759.59 761.46 762.23 758.20 754.09 752.53 752.41 752.56
Avg LTV (loan to value) 73.99% 75.67% 78.13% 79.09% 80.50% 81.09% 81.75% 81.14%
Avg DTI (debt to income) 34.68 34.66 34.09 34.60 34.69 35.25 35.30 36.08
% First time homebuyer 38.63% 33.40% 35.61% 39.08% 40.73% 40.93% 40.51% 38.52%
Avg mortgage insurance % 3.55% 4.82% 7.39% 8.39% 10.23% 11.50% 11.59% 10.51%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Kankakee, Illinois 60901

If you’re looking to buy a new home in Kankakee, we have compiled a list of the leading mortgage brokers around Kankakee, Illinois 60901 to help you with your search.

Name
Address
Contact

Pnc Mortgage

1 Dearborn Sq

Kankakee IL 60901

(815) 935-3718

Us Lending

187 S Schuyler Ave

Kankakee IL 60901

(815) 928-8888

World Acceptance

6 Meadowview Ctr

Kankakee IL 60901

(815) 928-8408

http://www.worldacceptance.com/

East Court Currency Exchange

1550 E Court St

Kankakee IL 60901

(815) 935-1843

Springleaf Financial Services

1010 N 5th Ave

Kankakee IL 60901

(815) 932-6781

https://www.springleaf.com/branches/IL/Kankakee/60901/987

Address

1 Dearborn Sq

Kankakee IL

Contact

(815) 935-3718

Address

187 S Schuyler Ave

Kankakee IL

Contact

(815) 928-8888

Address

6 Meadowview Ctr

Kankakee IL

Contact

(815) 928-8408

http://www.worldacceptance.com/

News on Mortgages and Reverse Mortgages for Kankakee, Illinois 60901