Compare Today’s Mortgage Rates in Springfield, Illinois 62711
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Springfield, Illinois 62711.
Our search engine thoroughly explores all home mortgage options in Springfield, Illinois 62711, 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 $4,930 in lifetime cash or $14 per month in Springfield and other areas of Sangamon county.
39.76
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Summary of Average Mortgages in Springfield, Illinois 62711
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Springfield, Illinois 62711
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Springfield, IL 62711. 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 Springfield, Illinois 62711 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Springfield, Illinois and around Sangamon 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 Springfield, Illinois 62711
For those searching for a new home in Springfield, we have compiled a list of the top mortgage brokers located in and around Springfield, Illinois 62711 to assist you with your search.
Name
Address
Contact
Cheryl Covington
36 White Birch Rd
Springfield IL 62711
(217) 585-1996
First II Development Credit
401 E Adams St
Springfield IL 62711
(217) 241-1440
Development Services Group
401 E Adams St
Springfield IL 62711
(217) 241-0336
Debt Management
510 E Monroe St
Springfield IL 62711
(217) 753-0511
PNC Mortgage
1 N Old State Capitol Plz
Springfield IL 62711
(217) 789-3201
http://pncmortgage.com
Address
36 White Birch Rd
Springfield IL
Contact
(217) 585-1996
Address
401 E Adams St
Springfield IL
Contact
(217) 241-1440
Address
401 E Adams St
Springfield IL
Contact
(217) 241-0336