Compare Today’s Mortgage Rates in Sorento, Illinois 62086
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Sorento, Illinois 62086.
Our search engine thoroughly explores all home mortgage options in Sorento, Illinois 62086, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $1,356 in lifetime cash or $4 per month in Sorento and other areas of Bond county.
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Summary of Average Mortgages in Sorento, Illinois 62086
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Sorento, Illinois 62086
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Sorento, IL 62086. 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 Sorento, Illinois 62086 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Sorento, Illinois and around Bond 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 | 92.67% | 89.46% | 88.93% | 86.85% | 86.86% | 86.36% | 82.41% | 82.68% | 84.24% |
| avg mortgage rate | 6.60% | 4.80% | 3.04% | 3.27% | 4.37% | 4.60% | 4.14% | 3.83% | 4.04% |
| % 15 year fixed mortgage | 4.19% | 8.46% | 8.66% | 11.11% | 8.89% | 9.50% | 13.97% | 11.36% | 11.67% |
| avg mortgage rate | 5.92% | 3.86% | 2.32% | 2.72% | 3.72% | 4.01% | 3.37% | 3.07% | 3.13% |
| Avg credit score | 742.05 | 757.63 | 746.76 | 751.02 | 763.81 | 755.04 | 783.82 | 751.10 | 752.23 |
| Avg LTV (loan to value) | 86.68% | 86.56% | 85.96% | 85.63% | 84.08% | 82.84% | 83.55% | 84.04% | 82.40% |
| Avg DTI (debt to income) | 34.25 | 33.95 | 32.75 | 32.34 | 33.24 | 33.63 | 33.01 | 31.89 | 32.18 |
| % First time homebuyer | 56.54% | 43.13% | 38.93% | 37.80% | 35.18% | 28.32% | 23.10% | 25.33% | 23.74% |
| Avg mortgage insurance % | 17.32% | 16.37% | 16.02% | 15.75% | 14.12% | 13.09% | 12.89% | 13.71% | 11.98% |
Best Mortgage Brokers around Sorento, Illinois 62086
For those searching for a new home in Sorento, we have compiled a list of the top mortgage brokers located in and around Sorento, Illinois 62086 to assist you with your search.
Name
Address
Contact
TitleMax Title Loans
1102 E Edwardsville Rd
Wood River IL 62086
(618) 254-1800
webinquiries@titlemax.com
Dollars Today
898 E Edwardsville Rd
Wood River IL 62086
(618) 254-5270
dtinfo@dollars-today.com
Ardmore Finance Inc.
33 E Ferguson Ave
Wood River IL 62086
(618) 251-9777
Address
1102 E Edwardsville Rd
Wood River IL
Contact
(618) 254-1800
webinquiries@titlemax.com
Address
898 E Edwardsville Rd
Wood River IL
Contact
(618) 254-5270
dtinfo@dollars-today.com
Address
33 E Ferguson Ave
Wood River IL
Contact
(618) 251-9777