Compare Today’s Mortgage Rates for Rockford, Illinois
Pureloan searches mortgage lenders and major banks in Rockford, Illinois 61114 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $5,899 or $16 / month is expected in Rockford and other areas of Winnebago county.
Pureloan’s search engine explores all home mortgage options in Rockford, Illinois 61114, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Rockford, Illinois 61114
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Rockford, IL
To forecast and predict mortgage rates in Rockford, IL 61114, 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 Rockford, Illinois 61114 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Rockford, Illinois and around Winnebago 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 | 85.56% | 81.61% | 82.82% | 85.11% | 82.94% | 86.92% | 86.18% | 83.03% |
| avg mortgage rate | 4.96% | 4.68% | 3.86% | 3.97% | 4.39% | 4.07% | 3.84% | 4.11% |
| % 15 year fixed mortgage | 11.81% | 15.81% | 14.63% | 12.56% | 14.37% | 11.01% | 11.60% | 14.36% |
| avg mortgage rate | 4.37% | 3.89% | 3.08% | 3.10% | 3.41% | 3.16% | 3.01% | 3.20% |
| Avg credit score | 760.45 | 758.55 | 758.54 | 756.99 | 755.11 | 751.65 | 750.63 | 756.66 |
| Avg LTV (loan to value) | 77.20% | 77.11% | 80.43% | 81.27% | 81.10% | 82.11% | 82.58% | 82.46% |
| Avg DTI (debt to income) | 32.56 | 33.13 | 31.53 | 32.95 | 33.14 | 33.28 | 32.75 | 33.14 |
| % First time homebuyer | 34.51% | 28.23% | 35.03% | 36.88% | 31.87% | 36.38% | 38.00% | 34.99% |
| Avg mortgage insurance % | 5.01% | 5.22% | 8.92% | 10.54% | 9.70% | 11.47% | 12.23% | 11.93% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Rockford, Illinois 61114
If you’re looking to buy a new home in Rockford, we have compiled a list of the leading mortgage brokers around Rockford, Illinois 61114 to help you with your search.
Name
Address
Contact
1st Farm Credit Services
1925 S Meridian Rd
Rockford IL 61114
(815) 962-4770
http://www.usfarmcredit.com
Providential Bancorp
222 N Main St
Rockford IL 61114
(815) 986-1990
Springleaf Financial Services
211 Elm St
Rockford IL 61114
(815) 968-2473
https://www.springleaf.com/branches/IL/Rockford/61101/982
GSF Mortgage
3065 N Perryville Rd
Rockford IL 61114
(815) 636-8943
http://gsf-mortgage.com/
Countrywide Home Loans
2595 N Mulford Rd
Rockford IL 61114
(815) 636-3540
Address
1925 S Meridian Rd
Rockford IL
Contact
(815) 962-4770
http://www.usfarmcredit.com
Address
222 N Main St
Rockford IL
Contact
(815) 986-1990
Address
211 Elm St
Rockford IL
Contact
(815) 968-2473
https://www.springleaf.com/branches/IL/Rockford/61101/982