Compare Today’s Mortgage Rates for Springfield, Illinois

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Springfield, Illinois 62704. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $3,135 or $9 / month in Springfield and other areas of Sangamon county.

Our search engine explores all home mortgage options in Springfield, Illinois 62704, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Springfield, Illinois 62704

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Springfield, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Springfield, IL 62704, 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 Springfield, IL

Historical Mortgage Rates for Springfield, Illinois 62704 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Springfield, Illinois and around Sangamon 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 86.59% 77.92% 85.23% 84.19% 82.72% 82.42% 87.91% 90.30%
avg mortgage rate 5.03% 4.76% 3.93% 4.00% 4.47% 4.07% 3.89% 4.16%
% 15 year fixed mortgage 10.11% 16.40% 11.38% 13.03% 13.60% 11.62% 9.85% 8.44%
avg mortgage rate 4.38% 3.87% 3.30% 3.25% 3.51% 3.23% 3.16% 3.31%
Avg credit score 761.58 764.96 762.31 759.34 758.67 757.27 754.84 793.88
Avg LTV (loan to value) 77.04% 77.87% 79.26% 81.73% 83.15% 83.72% 83.99% 82.79%
Avg DTI (debt to income) 31.71 32.29 30.78 31.62 32.26 32.38 32.60 34.39
% First time homebuyer 36.26% 27.76% 28.00% 29.49% 27.57% 29.83% 25.52% 16.88%
Avg mortgage insurance % 5.09% 6.08% 9.20% 11.57% 11.63% 14.35% 13.90% 13.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Springfield, Illinois 62704

If you’re looking to buy a new home in Springfield, we have compiled a list of the leading mortgage brokers around Springfield, Illinois 62704 to help you with your search.

Name
Address
Contact

Cheryl Covington

36 White Birch Rd

Springfield IL 62704

(217) 585-1996

First II Development Credit

401 E Adams St

Springfield IL 62704

(217) 241-1440

Development Services Group

401 E Adams St

Springfield IL 62704

(217) 241-0336

Debt Management

510 E Monroe St

Springfield IL 62704

(217) 753-0511

PNC Mortgage

1 N Old State Capitol Plz

Springfield IL 62704

(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

News on Mortgages and Reverse Mortgages for Springfield, Illinois 62704