Compare Today’s Mortgage Rates for Mechanicsburg, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Mechanicsburg, Illinois 62545. 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 $2,649 or $7 / month in Mechanicsburg and surrounding areas of Sangamon 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 Mechanicsburg, Illinois 62545.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Mechanicsburg, Illinois 62545

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Mechanicsburg, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Mechanicsburg, IL 62545, 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 Mechanicsburg, IL

Historical Mortgage Rates for Mechanicsburg, Illinois 62545 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Mechanicsburg, Illinois and around Sangamon 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 86.59% 77.92% 85.23% 84.19% 82.72% 82.42% 87.91% 90.30%
avg mortgage rate 5.03% 4.76% 3.93% 4.00% 4.47% 4.07% 3.89% 4.16%
% 15 year fixed mortgage 10.11% 16.40% 11.38% 13.03% 13.60% 11.62% 9.85% 8.44%
avg mortgage rate 4.38% 3.87% 3.30% 3.25% 3.51% 3.23% 3.16% 3.31%
Avg credit score 761.58 764.96 762.31 759.34 758.67 757.27 754.84 793.88
Avg LTV (loan to value) 77.04% 77.87% 79.26% 81.73% 83.15% 83.72% 83.99% 82.79%
Avg DTI (debt to income) 31.71 32.29 30.78 31.62 32.26 32.38 32.60 34.39
% First time homebuyer 36.26% 27.76% 28.00% 29.49% 27.57% 29.83% 25.52% 16.88%
Avg mortgage insurance % 5.09% 6.08% 9.20% 11.57% 11.63% 14.35% 13.90% 13.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Mechanicsburg, Illinois 62545

If you’re looking to buy a new home in Mechanicsburg, we have compiled a list of the leading mortgage brokers around Mechanicsburg, Illinois 62545 to help you with your search.

Name
Address
Contact

Mortgage One Services

1 S Locust St

Pana IL 62545

(217) 562-2211

taylor.kimberly@mortgageonemi.com

Bancmac

619 5th St

Pawnee IL 62545

(217) 625-2551

ucb@bankucb1.com

Wells Fargo Home Mortgage

2950 N Water St

Decatur IL 62545

(217) 875-5967

http://www.wellsfargo.com/mortgage/

State Finance Co.

701 W Pershing Rd

Decatur IL 62545

(217) 872-7666

World Finance

3745 N Woodford St

Decatur IL 62545

(217) 876-9168

http://www.worldfinance.com/

Address

1 S Locust St

Pana IL

Contact

(217) 562-2211

taylor.kimberly@mortgageonemi.com

Address

619 5th St

Pawnee IL

Contact

(217) 625-2551

ucb@bankucb1.com

Address

2950 N Water St

Decatur IL

Contact

(217) 875-5967

http://www.wellsfargo.com/mortgage/

News on Mortgages and Reverse Mortgages for Mechanicsburg, Illinois 62545