Compare Today’s Mortgage Rates in Lake Fork, Illinois 62541
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Lake Fork, Illinois 62541.
Our search engine thoroughly explores all home mortgage options in Lake Fork, Illinois 62541, 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 $4,109 in lifetime cash or $11 per month in Lake Fork and other areas of Logan county.
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Summary of Average Mortgages in Lake Fork, Illinois 62541
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lake Fork, Illinois 62541
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lake Fork, IL 62541. 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 Lake Fork, Illinois 62541 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lake Fork, Illinois and around Logan 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 | 90.30% | 87.91% | 82.42% | 82.72% | 84.19% | 85.23% | 77.92% | 86.59% | |
| avg mortgage rate | 4.16% | 3.89% | 4.07% | 4.47% | 4.00% | 3.93% | 4.76% | 5.03% | |
| % 15 year fixed mortgage | 8.44% | 9.85% | 11.62% | 13.60% | 13.03% | 11.38% | 16.40% | 10.11% | |
| avg mortgage rate | 3.31% | 3.16% | 3.23% | 3.51% | 3.25% | 3.30% | 3.87% | 4.38% | |
| Avg credit score | 793.88 | 754.84 | 757.27 | 758.67 | 759.34 | 762.31 | 764.96 | 761.58 | |
| Avg LTV (loan to value) | 82.79% | 83.99% | 83.72% | 83.15% | 81.73% | 79.26% | 77.87% | 77.04% | |
| Avg DTI (debt to income) | 34.39 | 32.60 | 32.38 | 32.26 | 31.62 | 30.78 | 32.29 | 31.71 | |
| % First time homebuyer | 16.88% | 25.52% | 29.83% | 27.57% | 29.49% | 28.00% | 27.76% | 36.26% | |
| Avg mortgage insurance % | 13.27% | 13.90% | 14.35% | 11.63% | 11.57% | 9.20% | 6.08% | 5.09% |
Best Mortgage Brokers around Lake Fork, Illinois 62541
For those searching for a new home in Lake Fork, we have compiled a list of the top mortgage brokers located in and around Lake Fork, Illinois 62541 to assist you with your search.
Name
Address
Contact
Wells Fargo Home Mortgage
2950 N Water St
Decatur IL 62541
(217) 875-5967
http://www.wellsfargo.com/mortgage/
State Finance Co.
701 W Pershing Rd
Decatur IL 62541
(217) 872-7666
World Finance
3745 N Woodford St
Decatur IL 62541
(217) 876-9168
http://www.worldfinance.com/
Wintrust Mortgage
1610 E Pershing Rd
Decatur IL 62541
(217) 875-7149
Farm Credit Service
2415 E Mound Rd
Decatur IL 62541
(217) 877-3141
http://farmcreditnetwork.com
Address
2950 N Water St
Decatur IL
Contact
(217) 875-5967
http://www.wellsfargo.com/mortgage/
Address
701 W Pershing Rd
Decatur IL
Contact
(217) 872-7666
Address
3745 N Woodford St
Decatur IL
Contact
(217) 876-9168
http://www.worldfinance.com/