Compare Today’s Mortgage Rates for Newark, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Newark, Illinois 60541. 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 $8,620 or $24 / month in Newark and surrounding areas of Kendall 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 Newark, Illinois 60541.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Newark, Illinois 60541

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Newark, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Newark, IL 60541, 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 Newark, IL

Historical Mortgage Rates for Newark, Illinois 60541 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Newark, Illinois and around Kendall 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 Newark, Illinois 60541

If you’re looking to buy a new home in Newark, we have compiled a list of the leading mortgage brokers around Newark, Illinois 60541 to help you with your search.

Name
Address
Contact

Kjc Auto Title Loan

1805 High Grove Ln

Naperville IL 60541

(630) 470-9014

Stearns Lending

55 S Main St

Naperville IL 60541

(630) 637-9377

TitleMax Title Loans

604 S Route 59

Naperville IL 60541

(630) 300-0275

webinquiries@titlemax.com

OneMain Financial

684 S Route 59

Naperville IL 60541

(630) 357-3875

http://branches.onemainfinancial.com/il/naperville/684-south-state-rte-59.html

Lynmar Lending Group

552 S Washington St

Naperville IL 60541

(630) 527-1100

lyndawreilly@gmail.com

Address

1805 High Grove Ln

Naperville IL

Contact

(630) 470-9014

Address

55 S Main St

Naperville IL

Contact

(630) 637-9377

Address

604 S Route 59

Naperville IL

Contact

(630) 300-0275

webinquiries@titlemax.com

News on Mortgages and Reverse Mortgages for Newark, Illinois 60541