Compare Today’s Mortgage Rates for Madison, Illinois

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Madison, Illinois 62060. 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 $5,707 or $16 / month in Madison and other areas of Madison county.

Our search engine explores all home mortgage options in Madison, Illinois 62060, 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 Madison, Illinois 62060

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 Madison, IL 62060, 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 Madison, Illinois 62060 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Madison, Illinois and around Madison 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 83.52% 80.42% 82.04% 85.67% 84.46% 85.22% 84.87% 85.19%
avg mortgage rate 4.94% 4.74% 3.87% 3.96% 4.43% 4.05% 3.84% 4.08%
% 15 year fixed mortgage 12.23% 14.86% 13.97% 12.31% 11.02% 11.34% 10.46% 11.48%
avg mortgage rate 4.33% 3.99% 3.13% 3.00% 3.40% 3.17% 3.04% 3.20%
Avg credit score 762.28 759.96 757.56 756.73 753.38 752.11 750.03 752.87
Avg LTV (loan to value) 77.11% 78.67% 81.08% 81.23% 82.45% 82.38% 83.72% 83.62%
Avg DTI (debt to income) 31.55 32.21 30.99 32.23 32.29 32.75 32.60 33.27
% First time homebuyer 29.04% 25.00% 25.35% 26.64% 25.14% 24.33% 26.69% 18.15%
Avg mortgage insurance % 5.23% 6.90% 9.98% 10.90% 11.61% 12.38% 13.52% 12.73%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Madison, Illinois 62060

If you’re looking to buy a new home in Madison, we have compiled a list of the leading mortgage brokers around Madison, Illinois 62060 to help you with your search.

Name
Address
Contact

Ardmore Finance Co.

1223 Madison Ave

Madison IL 62060

(618) 451-1223

http://www.moneywhenuneedit.com

World Finance

2715 N Center St

Maryville IL 62060

(618) 288-4382

http://www.worldacceptance.com/

Springleaf Financial Services

2921 N Center St

Maryville IL 62060

(618) 288-1703

compliancehelpline@slfs.com

Gateway Mortgage Group

2 Oak Dr

Maryville IL 62060

(618) 288-4700

http://www.gatewayloan.com/

Met Life Home Loans

5 Oak Dr

Maryville IL 62060

(618) 288-8600

wroddy@metlife.com

Address

1223 Madison Ave

Madison IL

Contact

(618) 451-1223

http://www.moneywhenuneedit.com

Address

2715 N Center St

Maryville IL

Contact

(618) 288-4382

http://www.worldacceptance.com/

Address

2921 N Center St

Maryville IL

Contact

(618) 288-1703

compliancehelpline@slfs.com

News on Mortgages and Reverse Mortgages for Madison, Illinois 62060