Compare Today’s Mortgage Rates in Lincoln, Illinois 62656
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Lincoln, Illinois 62656.
Our search engine thoroughly explores all home mortgage options in Lincoln, Illinois 62656, 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 $3,903 in lifetime cash or $11 per month in Lincoln and other areas of Logan county.
Summary of Average Mortgages in Lincoln, Illinois 62656
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Interactive Mortgage Rate Projections for Lincoln, Illinois 62656
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lincoln, IL 62656. 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 Lincoln, Illinois 62656 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lincoln, 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 Lincoln, Illinois 62656
For those searching for a new home in Lincoln, we have compiled a list of the top mortgage brokers located in and around Lincoln, Illinois 62656 to assist you with your search.
Action Cash Advance & Title
503 Broadway St
Lincoln IL 62656
(217) 735-2274
Tower Loan
411 Pulaski St
Lincoln IL 62656
(217) 735-4919
ads@lincolndailynews.com
Farm Credit Service
327 N Kickapoo St
Lincoln IL 62656
(217) 732-2201
http://www.farmcredit.com/
World Finance
1224 Woodlawn Rd
Lincoln IL 62656
(217) 732-8282
wac200@worldacceptance.net
State Financial
128 S Chicago St
Lincoln IL 62656
(217) 735-9494
http://www.statefinancial.com
Address
503 Broadway St
Lincoln IL
Contact
(217) 735-2274
Address
411 Pulaski St
Lincoln IL
Contact
(217) 735-4919
ads@lincolndailynews.com
Address
327 N Kickapoo St
Lincoln IL
Contact
(217) 732-2201
http://www.farmcredit.com/