Compare Today’s Mortgage Rates in Palmer, Illinois 62556
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Palmer, Illinois 62556.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Palmer, Illinois 62556. For a 30-year fixed loan, our calculations show that you can expect to save up to $2,958 over the lifetime of your mortgage, which translates to a monthly savings of $8 in Palmer and other areas of Christian county.
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Summary of Average Mortgages in Palmer, Illinois 62556
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Palmer, Illinois 62556
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Palmer, IL 62556. 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 Palmer, Illinois 62556 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Palmer, Illinois and around Christian 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 Palmer, Illinois 62556
For those searching for a new home in Palmer, we have compiled a list of the top mortgage brokers located in and around Palmer, Illinois 62556 to assist you with your search.
Name
Address
Contact
Tower Loans
119 W Main Cross St
Taylorville IL 62556
(217) 824-3505
towerloan@live.com
Farm Credit Service
1155 E 1500 North Rd
Taylorville IL 62556
(217) 824-3369
ask@farmcredit.com
Heights Finance Corporation
500 N Webster St
Taylorville IL 62556
(217) 287-7900
http://www.heightsfinance.com
Doris Hughes, Broker, GRI
963 E 1330 North Rd
Taylorville IL 62556
(217) 824-5509
dorisann@consolidated.net
Brad Davis
108 W Market St
Taylorville IL 62556
(217) 741-6349
Address
119 W Main Cross St
Taylorville IL
Contact
(217) 824-3505
towerloan@live.com
Address
1155 E 1500 North Rd
Taylorville IL
Contact
(217) 824-3369
ask@farmcredit.com
Address
500 N Webster St
Taylorville IL
Contact
(217) 287-7900
http://www.heightsfinance.com