BLOOMINGTON Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bloomington averaged 5.9% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.16% and one month ago for the week of 2024-08-29, the average rate was 6.43%.

Bloomington's average rate one year ago was 7.29%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.52%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Bloomington 30 Year Fixed Rate 2024-10-03 5.9%
Bloomington 30 Year Fixed Rate Refi 2024-10-03 6.52%
Bloomington 15 Year Fixed Rate 2024-10-03 5.48%
Bloomington 15 Year Fixed Rate Refi 2024-10-03 5.55%
Bloomington 30 Year FHA 2024-10-03 6.01%
Bloomington 30 Year FHA Refi 2024-10-03 5.99%
Bloomington 30 Year USDA 2024-10-03 5.77%
Bloomington 30 Year USDA Refi 2024-10-03 5.87%
Bloomington 30 Year VA 2024-10-03 5.61%
Bloomington 30 Year VA Refi 2024-10-03 5.6%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BLOOMINGTON, IL.

BLOOMINGTON Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the BLOOMINGTON, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FIRST STATE MORTGAGE SERVICES, LLC 519 6.65% $3,557
COMPASS MORTGAGE, INC. 82 7.02% $4,254
CITIZENS EQUITY FIRST 78 6.29% $1,639
Heartland Bank and Trust Company 61 6.63% $1,858
QUICKEN LOANS, LLC 57 6.72% $5,488
ILLINOIS STATE CREDIT UNION 52 6.49% $2,092
Morton Community Bank 51 6.35% $2,471
IAA Credit Union 42 6.38% $1,966
PNC Bank 42 6.91% $3,118
Busey Bank 35 6.40% $2,401
FLAT BRANCH MORTGAGE, INC. 35 6.79% $3,203
Ixonia Bank 33 6.78% $4,887
UNITED WHOLESALE MORTGAGE, LLC 32 6.69% $5,563
JPMorgan Chase Bank 26 6.69% $4,442
INB 21 6.74% $2,513
U.S. Bank 18 6.69% $2,840
Flanagan State Bank 16 7.29% $3,384
AMERICAN PACIFIC MORTGAGE CORPORATION 15 7.13% $4,922
Bank of Pontiac 14 6.77% $2,364
Flagstar Bank, FSB 12 6.26% $3,539
Wells Fargo Bank 11 6.84% $3,044
Barrington Bank & Trust Company, N.A. 8 6.61% $3,989
GUARANTEED RATE, INC. 7 6.64% $5,296
PROVIDENT FUNDING ASSOCIATES, L.P. 7 6.38% $4,026
CIBM Bank 7 6.70% $3,774
Marine Bank 7 6.13% $2,209
Mr. Cooper ( Nationstar Mortgage ) 5 6.55% $7,588
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.80% $4,046
CALIBER HOME LOANS, INC. 5 6.62% $3,357
CROSSCOUNTRY MORTGAGE, LLC 5 6.87% $4,559
Petefish, Skiles & Co. 5 7.23% $2,821
United Community Bank 4 6.71% $1,661
UNIVERSITY OF ILLINOIS COMMUNITY 4 6.16% $2,283
The Loan Store, Inc. 3 7.04% $7,877
Commerce Bank 3 6.38% $2,115
GUILD MORTGAGE COMPANY 3 7.00% $4,916
Prairie State Bank and Trust 3 6.83% $2,121
DAS Acquisition Company, LLC 3 6.67% $3,383
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.58% $2,940
Bank of America 3 6.79% $2,904
1786 2 6.50% $4,608
Ally Bank 2 7.06% $1,804
Bankers' Bank 2 6.88% $2,115
BROKER SOLUTIONS, INC. 2 6.88% $4,168
Carrollton Bank 2 6.93% $3,595
DIGITAL Federal Credit Union 2 5.06% $3,180
DRAPER AND KRAMER MORTGAGE CORP. 2 7.37% $3,940
Fifth Third Bank 2 6.87% $3,392
HOMESIDE FINANCIAL, LLC 2 6.94% $4,303
LOANDEPOT.COM, LLC 2 6.56% $6,299
Midland States Bank 2 6.75% $6,455
NAVY FEDERAL CREDIT UNION 2 5.75% $1,902
Ottawa Savings Bank 2 6.81% $2,570
PLANET HOME LENDING, LLC 2 6.56% $2,891
The Huntington National Bank 2 6.00% $2,077
Horizon Bank 1 6.75% $2,648
HSBC BANK USA, NATIONAL ASSOCIATION 1 7.15% $3,735
First National Bank of America 1 8.88% $5,334
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 5.50% $1,932
First Merchants Bank 1 7.38% $8,811
First Financial Bank 1 6.25% $2,275
Iroquois Federal Savings and Loan Association 1 5.75% $2,853
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.25% $3,474
First Bank 1 7.25% $4,239
AMERICAN FEDERAL MORTGAGE CORPORATION 1 7.00% $968
ENVOY MORTGAGE, LTD 1 7.38% $4,601
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 6.50% $3,742
Mid-Illini Credit Union 1 7.38% $3,755
USAA Federal Savings Bank 1 6.25% $5,386
Mortgage Research Center, LLC 1 6.75% $2,941
Discover Bank 1 7.24% $0
MOVEMENT MORTGAGE, LLC 1 8.06% $10,529
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.63% $2,678
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $6,162
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.75% $6,049
AIR ACADEMY 1 7.00% $1,422
NBKC BANK 1 7.25% $2,014
NEWREZ LLC 1 7.75% $4,318
NFM, INC. 1 6.63% $4,030
Old National Bank 1 5.75% $2,318
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.13% $2,798
Paramount Residential Mortgage Group, Inc. 1 6.38% $5,354
PENNYMAC LOAN SERVICES, LLC 1 8.37% $8,204
Deere Employees Credit Union 1 5.63% $4,136
Plains Commerce Bank 1 6.75% $2,488
Access Bank 1 7.50% $3,952
DEEPHAVEN MORTGAGE LLC 1 8.75% $11,211
POINT Mortgage 1 7.75% $2,850
Central Bank Illinois 1 6.75% $2,174
Carrington Mortgage Services, LLC 1 7.50% $8,071
PROPER RATE, LLC 1 7.05% $6,864
Prosperity Home Mortgage, LLC 1 6.88% $5,424
Bank of Springfield 1 7.13% $2,142
PURDUE FEDERAL CREDIT UNION 1 4.50% $3,291
Arvest Bank 1 6.38% $3,039
RBC Bank, (Georgia) 1 5.88% $2,353
Regions Bank 1 7.50% $4,772
S1L, Inc. 1 7.75% $3,519
Summit Credit Union 1 5.75% $3,252
The First National Bank of Ottawa 1 6.00% $2,515
ZILLOW HOME LOANS, LLC 1 6.75% $5,602
AMERISAVE MORTGAGE CORPORATION 1 5.88% $5,237
Truist 1 6.99% $3,815
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.00% $3,662
GSF Mortgage Corporation 1 6.38% $3,235
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.88% $4,912
GUIDANCE RESIDENTIAL, LLC 1 7.25% $3,341
FREEDOM MORTGAGE CORPORATION 1 7.25% $5,375
HEARTLAND 1 8.25% $3,137
First State Bank 1 6.13% $3,692
AMERICAN FINANCING CORPORATION 1 7.13% $8,471

BLOOMINGTON Average Closing Costs & Other Stats

BLOOMINGTON, IL's 111 lenders originated 2,987 loans during 2023. The total origination value was $562,975,000, with an average loan value of $188,475.

BLOOMINGTON's average closing costs are $3,172.

The top BLOOMINGTON lender as defined by loan originations is FIRST STATE MORTGAGE SERVICES, LLC, with 519 loans originated. Their average total fees are $3,557, which is $697 lower than the next largest lender, COMPASS MORTGAGE, INC..

The lowest fee BLOOMINGTON lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST ($1,639), Heartland Bank and Trust Company ($1,858), IAA Credit Union ($1,966), ILLINOIS STATE CREDIT UNION ($2,092) and Bank of Pontiac ($2,364).

The lowest rate BLOOMINGTON lenders (with over 10 loans originated) are Flagstar Bank, FSB (6.26%), CITIZENS EQUITY FIRST (6.29%), Morton Community Bank (6.35%), IAA Credit Union (6.38%) and Busey Bank (6.40%).

BLOOMINGTON, IL Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
FIRST STATE MORTGAGE SERVICES, LLC $132,590,000 $141,890,000 7.0% 25.2%
Morton Community Bank $27,235,000 $43,095,000 58.2% 7.7%
CITIZENS EQUITY FIRST $44,420,000 $31,195,000 -29.8% 5.5%
QUICKEN LOANS, LLC $29,990,000 $21,725,000 -27.6% 3.9%
COMPASS MORTGAGE, INC. $10,570,000 $20,730,000 96.1% 3.7%
PNC Bank $26,010,000 $19,970,000 -23.2% 3.5%
Busey Bank $62,445,000 $16,670,000 -73.3% 3.0%
First State Bank $655,000 $15,240,000 2,226.7% 2.7%
Heartland Bank and Trust Company $18,310,000 $14,845,000 -18.9% 2.6%
ILLINOIS STATE CREDIT UNION $13,685,000 $11,725,000 -14.3% 2.1%
UNITED WHOLESALE MORTGAGE, LLC $10,030,000 $11,355,000 13.2% 2.0%
IAA Credit Union $6,620,000 $11,015,000 66.4% 2.0%
FLAT BRANCH MORTGAGE, INC. $10,330,000 $8,990,000 -13.0% 1.6%
Ixonia Bank $8,945,000 n/a 1.6%
Bank of Pontiac $12,960,000 $8,700,000 -32.9% 1.5%
JPMorgan Chase Bank $14,650,000 $8,390,000 -42.7% 1.5%
INB $16,800,000 $8,215,000 -51.1% 1.5%
Merchants Capital Corp. $7,335,000 n/a 1.3%
Mortgage Research Center, LLC $5,620,000 $7,100,000 26.3% 1.3%
Flanagan State Bank $10,775,000 $6,720,000 -37.6% 1.2%
Prairie State Bank and Trust $15,380,000 $6,595,000 -57.1% 1.2%
First State Bank $655,000 $6,435,000 882.4% 1.1%
U.S. Bank $12,870,000 $6,240,000 -51.5% 1.1%
CIBM Bank $1,465,000 $5,910,000 303.4% 1.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $14,050,000 $5,215,000 -62.9% 0.9%
CONSUMERS COOPERATIVE CREDIT UNION $4,580,000 n/a 0.8%
Wells Fargo Bank $12,775,000 $4,365,000 -65.8% 0.8%
Flagstar Bank, FSB $43,860,000 $3,865,000 -91.2% 0.7%
Marine Bank $15,505,000 $3,375,000 -78.2% 0.6%
Old National Bank $35,000 $2,930,000 8,271.4% 0.5%
GUARANTEED RATE, INC. $7,435,000 $2,920,000 -60.7% 0.5%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,480,000 $2,875,000 94.3% 0.5%
NAVY FEDERAL CREDIT UNION $1,050,000 $2,705,000 157.6% 0.5%
Commerce Bank $5,135,000 $2,465,000 -52.0% 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,640,000 $2,395,000 -34.2% 0.4%
First State Bank of Forrest $2,910,000 $2,135,000 -26.6% 0.4%
Goodfield State Bank $1,825,000 $1,940,000 6.3% 0.3%
Discover Bank $660,000 $1,905,000 188.6% 0.3%
CALIBER HOME LOANS, INC. $3,750,000 $1,775,000 -52.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $2,780,000 $1,730,000 -37.8% 0.3%
The Loan Store, Inc. $570,000 $1,530,000 168.4% 0.3%
Barrington Bank & Trust Company, N.A. $4,535,000 $1,520,000 -66.5% 0.3%
PENNYMAC LOAN SERVICES, LLC $2,770,000 $1,500,000 -45.8% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,370,000 $1,450,000 5.8% 0.3%
Bank of America $1,340,000 $1,415,000 5.6% 0.3%
United Community Bank $1,390,000 $1,380,000 -0.7% 0.2%
First Federal Savings Bank of Champaign-Urbana $645,000 $1,345,000 108.5% 0.2%
The Huntington National Bank $670,000 $1,245,000 85.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $960,000 $1,160,000 20.8% 0.2%
AMERISAVE MORTGAGE CORPORATION $2,930,000 $1,105,000 -62.3% 0.2%
Paramount Residential Mortgage Group, Inc. $730,000 $1,065,000 45.9% 0.2%
Carrollton Bank $2,580,000 $1,045,000 -59.5% 0.2%
COMPEER FINANCIAL, FLCA $610,000 $1,020,000 67.2% 0.2%
LEADERONE FINANCIAL CORPORATION $755,000 $1,015,000 34.4% 0.2%
DAS Acquisition Company, LLC $405,000 $990,000 144.4% 0.2%
GUILD MORTGAGE COMPANY $365,000 $970,000 165.8% 0.2%
First Security Bank $965,000 n/a 0.2%
State Bank of Graymont $1,280,000 $950,000 -25.8% 0.2%
Petefish, Skiles & Co. $965,000 $945,000 -2.1% 0.2%
FREEDOM MORTGAGE CORPORATION $3,525,000 $925,000 -73.8% 0.2%
UNIVERSITY OF ILLINOIS COMMUNITY $370,000 $920,000 148.6% 0.2%
First Financial Bank $420,000 $900,000 114.3% 0.2%
LOANDEPOT.COM, LLC $5,440,000 $885,000 -83.7% 0.2%
Bank of Gibson City $865,000 n/a 0.2%
BROKER SOLUTIONS, INC. $165,000 $830,000 403.0% 0.1%
DIGITAL Federal Credit Union $1,260,000 $825,000 -34.5% 0.1%
USAA Federal Savings Bank $2,500,000 $825,000 -67.0% 0.1%
Regions Bank $2,110,000 $800,000 -62.1% 0.1%
Armed Forces Bank $730,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $725,000 n/a 0.1%
NEWREZ LLC $1,025,000 $720,000 -29.8% 0.1%
Havana National Bank $685,000 n/a 0.1%
Ottawa Savings Bank $2,395,000 $680,000 -71.6% 0.1%
CHURCHILL MORTGAGE CORPORATION $545,000 $650,000 19.3% 0.1%
NBKC BANK $1,440,000 $640,000 -55.6% 0.1%
The Fisher National Bank $2,190,000 $640,000 -70.8% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $170,000 $620,000 264.7% 0.1%
DEEPHAVEN MORTGAGE LLC $615,000 n/a 0.1%
Mid-Illini Credit Union $1,040,000 $605,000 -41.8% 0.1%
HOMESIDE FINANCIAL, LLC $1,220,000 $600,000 -50.8% 0.1%
Plains Commerce Bank $585,000 n/a 0.1%
Bank of Springfield $735,000 $575,000 -21.8% 0.1%
Iroquois Federal Savings and Loan Association $1,030,000 $575,000 -44.2% 0.1%
Summit Credit Union $205,000 $545,000 165.9% 0.1%
Fifth Third Bank $795,000 $525,000 -34.0% 0.1%
CARDINAL FINANCIAL $750,000 $520,000 -30.7% 0.1%
Hickory Point Bank and Trust $210,000 $475,000 126.2% 0.1%
Figure Lending LLC $120,000 $450,000 275.0% 0.1%
HEARTLAND $445,000 n/a 0.1%
Midland States Bank $555,000 $445,000 -19.8% 0.1%
First United Bank and Trust Company $435,000 n/a 0.1%
PLANET HOME LENDING, LLC $420,000 n/a 0.1%
S1L, Inc. $420,000 n/a 0.1%
PROPER RATE, LLC $305,000 $385,000 26.2% 0.1%
1786 $380,000 n/a 0.1%
Bankers' Bank $515,000 $380,000 -26.2% 0.1%
First American Bank $250,000 $380,000 52.0% 0.1%
GSF Mortgage Corporation $375,000 n/a 0.1%
PURDUE FEDERAL CREDIT UNION $375,000 n/a 0.1%
GUIDANCE RESIDENTIAL, LLC $585,000 $365,000 -37.6% 0.1%
Prosperity Home Mortgage, LLC $355,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $445,000 $350,000 -21.3% 0.1%
Access Bank $345,000 n/a 0.1%
HSBC BANK USA, NATIONAL ASSOCIATION $335,000 n/a 0.1%
Stifel Bank and Trust $330,000 n/a 0.1%
Ally Bank $260,000 $320,000 23.1% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $1,025,000 $310,000 -69.8% 0.1%
First Savings Bank $155,000 $310,000 100.0% 0.1%
Washington State Bank $310,000 n/a 0.1%
CBI Bank & Trust $230,000 $295,000 28.3% 0.1%
FCB Banks $295,000 n/a 0.1%
First Federal Bank $295,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $295,000 n/a 0.1%
Deere Employees Credit Union $290,000 n/a 0.1%
Mutual Federal Bank $285,000 n/a 0.1%
RBC Bank, (Georgia) $805,000 $285,000 -64.6% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $280,000 n/a 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $1,420,000 $280,000 -80.3% 0.0%
First Mid Bank & Trust $1,170,000 $280,000 -76.1% 0.0%
MORTGAGE ACCESS CORP. $325,000 $275,000 -15.4% 0.0%
VILLAGE CAPITAL MORTGAGE $180,000 $275,000 52.8% 0.0%
First Bank $85,000 $265,000 211.8% 0.0%
CORNERSTONE HOME LENDING, INC. $260,000 n/a 0.0%
AMERICAN HERITAGE LENDING, INC. $250,000 n/a 0.0%
Carrington Mortgage Services, LLC $220,000 $250,000 13.6% 0.0%
ZILLOW HOME LOANS, LLC $345,000 $245,000 -29.0% 0.0%
CMG MORTGAGE, INC. $395,000 $235,000 -40.5% 0.0%
Streator Onized Credit Union $90,000 $230,000 155.6% 0.0%
FIRST COMMUNITY $225,000 n/a 0.0%
First Merchants Bank $225,000 n/a 0.0%
Fortress Bank $175,000 $225,000 28.6% 0.0%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $225,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $225,000 n/a 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $225,000 n/a 0.0%
Lakeview Community Capital, LLC $360,000 $220,000 -38.9% 0.0%
AIR ACADEMY $215,000 n/a 0.0%
ENVOY MORTGAGE, LTD $215,000 n/a 0.0%
SENB Bank $215,000 n/a 0.0%
Truist $215,000 n/a 0.0%
UIF CORPORATION $185,000 $215,000 16.2% 0.0%
AMERICAN FEDERAL MORTGAGE CORPORATION $205,000 n/a 0.0%
Central Bank Illinois $765,000 $205,000 -73.2% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $205,000 n/a 0.0%
Coastal Community Bank $200,000 n/a 0.0%
GREAT LAKES $325,000 $200,000 -38.5% 0.0%
Byline Bank $195,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $195,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $305,000 $195,000 -36.1% 0.0%
The First National Bank of Ottawa $195,000 n/a 0.0%
21ST MORTGAGE CORPORATION $775,000 $185,000 -76.1% 0.0%
NEW DAY FINANCIAL, LLC $290,000 $185,000 -36.2% 0.0%
TRIAD FINANCIAL SERVICES, INC. $25,000 $180,000 620.0% 0.0%
Arvest Bank $145,000 $175,000 20.7% 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $95,000 $175,000 84.2% 0.0%
Residential Mortgage Solutions, Inc. $175,000 n/a 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $525,000 $165,000 -68.6% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $165,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $65,000 $165,000 153.8% 0.0%
Bank of England $615,000 $155,000 -74.8% 0.0%
Land of Lincoln Credit Union $155,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $155,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $865,000 $150,000 -82.7% 0.0%
Horizon Bank $145,000 n/a 0.0%
Centier Bank $140,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $225,000 $135,000 -40.0% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 n/a 0.0%
Nicolet National Bank $125,000 n/a 0.0%
Credit Union 1 $120,000 n/a 0.0%
SPRING EQ, LLC $505,000 $120,000 -76.2% 0.0%
Community Mortgage Banc Corporation $115,000 n/a 0.0%
GMFS LLC $115,000 n/a 0.0%
I. H. MISSISSIPPI VALLEY CREDIT UNION $115,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $115,000 n/a 0.0%
NFM, INC. $115,000 n/a 0.0%
BAY EQUITY LLC $105,000 n/a 0.0%
First National Bank in Tremont $105,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $390,000 $105,000 -73.1% 0.0%
Boeing Employees Credit Union $320,000 $100,000 -68.8% 0.0%
First National Bank of America $95,000 n/a 0.0%
MidAmerica National Bank $95,000 n/a 0.0%
Midwest Bank $95,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $335,000 $95,000 -71.6% 0.0%
POINT Mortgage $85,000 n/a 0.0%
Citizens Bank $280,000 $75,000 -73.2% 0.0%
Servion, Inc. $1,040,000 $75,000 -92.8% 0.0%
SouthStar Bank, S.S.B. $75,000 n/a 0.0%
American Community Bank of Indiana $65,000 n/a 0.0%
Citibank $120,000 $65,000 -45.8% 0.0%
First Western Federal Savings Bank $65,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $650,000 $35,000 -94.6% 0.0%
Bethpage Federal Credit Union $25,000 n/a 0.0%
GREENSTATE CREDIT UNION $35,000 $25,000 -28.6% 0.0%
STAR USA FEDERAL CREDIT UNION $25,000 $25,000 0.0% 0.0%
BMO Harris Bank $490,000 $5,000 -99.0% 0.0%

BLOOMINGTON's top lender by overall market share is FIRST STATE MORTGAGE SERVICES, LLC, with 25.2% market share. In second place, with 7.7%, is Morton Community Bank, having originated $43,095,000 in loans. In third place, with 5.5%, is CITIZENS EQUITY FIRST, having originated $31,195,000 in loans. In fourth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $21,725,000 in loans. In fifth place, with 3.7%, is COMPASS MORTGAGE, INC., having originated $20,730,000 in loans.


BLOOMINGTON Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - BLOOMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $171,950 (16.9%) $202,938 (3.7%) 0.64 716
2018-02-01 $179,950 (19.2%) $213,189 (4.2%) 0.65 774
2018-03-01 $184,900 (12.1%) $218,065 (2.4%) 0.65 855
2018-04-01 $189,000 (8.0%) $221,125 (2.1%) 0.64 934
2018-05-01 $188,050 (7.5%) $216,847 (1.9%) 0.63 963
2018-06-01 $186,000 (6.7%) $215,032 (1.6%) 0.62 975
2018-07-01 $182,450 (5.5%) $212,242 (1.0%) 0.61 997
2018-08-01 $179,900 (8.6%) $209,457 (2.0%) 0.60 945
2018-09-01 $174,900 (3.5%) $209,431 (1.3%) 0.59 900
2018-10-01 $168,000 (-1.2%) $205,573 (-1.4%) 0.57 847
2018-11-01 $162,400 (-3.4%) $204,031 (0.2%) 0.55 790
2018-12-01 $157,250 (-4.7%) $193,801 (-3.9%) 0.54 680
2019-01-01 $159,900 (-7.0%) $193,588 (-4.6%) 0.55 609
2019-02-01 $163,700 (-9.0%) $197,782 (-7.2%) 0.55 553
2019-03-01 $169,900 (-8.1%) $205,736 (-5.7%) 0.56 598
2019-04-01 $169,900 (-10.1%) $204,835 (-7.4%) 0.54 657
2019-05-01 $165,750 (-11.9%) $202,511 (-6.6%) 0.52 714
2019-06-01 $167,250 (-10.1%) $203,448 (-5.4%) 0.52 736
2019-07-01 $169,900 (-6.9%) $207,415 (-2.3%) 0.53 747
2019-08-01 $167,173 (-7.1%) $206,131 (-1.6%) 0.53 718
2019-09-01 $163,082 (-6.8%) $202,413 (-3.4%) 0.52 680
2019-10-01 $159,900 (-4.8%) $200,411 (-2.5%) 0.52 654
2019-11-01 $158,250 (-2.6%) $200,081 (-1.9%) 0.52 558
2019-12-01 $149,950 (-4.6%) $197,303 (1.8%) 0.50 495
2020-01-01 $149,950 (-6.2%) $199,928 (3.3%) 0.50 455
2020-02-01 $159,250 (-2.7%) $199,223 (0.7%) 0.52 444
2020-03-01 $166,625 (-1.9%) $212,557 (3.3%) 0.52 468
2020-04-01 $173,675 (2.2%) $218,319 (6.6%) 0.54 430
2020-05-01 $165,000 (-0.5%) $218,905 (8.1%) 0.50 401
2020-06-01 $168,242 (0.6%) $217,022 (6.7%) 0.50 372
2020-07-01 $170,600 (0.4%) $225,341 (8.6%) 0.49 349
2020-08-01 $159,900 (-4.4%) $217,269 (5.4%) 0.46 335
2020-09-01 $150,975 (-7.4%) $206,863 (2.2%) 0.43 320
2020-10-01 $139,900 (-12.5%) $198,948 (-0.7%) 0.40 288
2020-11-01 $142,750 (-9.8%) $198,205 (-0.9%) 0.42 273
2020-12-01 $137,450 (-8.3%) $191,519 (-2.9%) 0.41 234
2021-01-01 $135,000 (-10.0%) $186,380 (-6.8%) 0.40 199
2021-02-01 $141,000 (-11.5%) $204,275 (2.5%) 0.41 170
2021-03-01 $147,500 (-11.5%) $219,262 (3.2%) 0.42 152
2021-04-01 $164,900 (-5.1%) $238,622 (9.3%) 0.45 148
2021-05-01 $179,900 (9.0%) $253,087 (15.6%) 0.48 149
2021-06-01 $177,425 (5.5%) $257,306 (18.6%) 0.47 157
2021-07-01 $175,000 (2.6%) $256,729 (13.9%) 0.46 168
2021-08-01 $164,825 (3.1%) $238,062 (9.6%) 0.44 186
2021-09-01 $164,975 (9.3%) $237,430 (14.8%) 0.44 179
2021-10-01 $149,750 (7.0%) $208,996 (5.1%) 0.40 167
2021-11-01 $150,250 (5.3%) $222,718 (12.4%) 0.40 151
2021-12-01 $147,450 (7.3%) $234,114 (22.2%) 0.40 130
2022-01-01 $148,500 (10.0%) $237,873 (27.6%) 0.40 101
2022-02-01 $152,425 (8.1%) $239,794 (17.4%) 0.40 87
2022-03-01 $202,450 (37.3%) $276,655 (26.2%) 0.51 77
2022-04-01 $220,000 (33.4%) $310,561 (30.2%) 0.52 89
2022-05-01 $239,950 (33.4%) $314,133 (24.1%) 0.55 114
2022-06-01 $247,450 (39.5%) $308,392 (19.9%) 0.55 143
2022-07-01 $250,000 (42.9%) $307,374 (19.7%) 0.56 145
2022-08-01 $211,075 (28.1%) $294,031 (23.5%) 0.49 149
2022-09-01 $256,125 (55.3%) $309,728 (30.5%) 0.60 155
2022-10-01 $280,000 (87.0%) $321,025 (53.6%) 0.66 180
2022-11-01 $301,825 (100.9%) $329,794 (48.1%) 0.73 177
2022-12-01 $304,900 (106.8%) $331,855 (41.8%) 0.75 163
2023-01-01 $328,150 (121.0%) $352,816 (48.3%) 0.81 145
2023-02-01 $354,225 (132.4%) $367,769 (53.4%) 0.85 138
2023-03-01 $337,450 (66.7%) $348,626 (26.0%) 0.80 142
2023-04-01 $339,900 (54.5%) $351,329 (13.1%) 0.79 172
2023-05-01 $325,000 (35.4%) $351,689 (12.0%) 0.74 186
2023-06-01 $331,225 (33.9%) $350,158 (13.5%) 0.74 186
2023-07-01 $329,900 (32.0%) $366,500 (19.2%) 0.75 198
2023-08-01 $347,400 (64.6%) $373,280 (27.0%) 0.80 208
2023-09-01 $334,750 (30.7%) $392,663 (26.8%) 0.78 207
2023-10-01 $311,225 (11.2%) $372,583 (16.1%) 0.73 218
2023-11-01 $310,000 (2.7%) $364,776 (10.6%) 0.74 218
2023-12-01 $324,900 (6.6%) $387,688 (16.8%) 0.79 169
2024-01-01 $352,450 (7.4%) $408,884 (15.9%) 0.86 142
2024-02-01 $344,900 (-2.6%) $397,749 (8.2%) 0.83 147
2024-03-01 $355,000 (5.2%) $400,338 (14.8%) 0.84 158
2024-04-01 $353,675 (4.1%) $399,147 (13.6%) 0.82 164
2024-05-01 $380,000 (16.9%) $408,144 (16.1%) 0.86 174
2024-06-01 $369,900 (11.7%) $402,196 (14.9%) 0.83 205
2024-07-01 $353,675 (7.2%) $386,734 (5.5%) 0.81 214
2024-08-01 $332,000 (-4.4%) $354,233 (-5.1%) 0.77 197
2024-09-01 $305,950 (-8.6%) $329,109 (-16.2%) 0.00 206
BLOOMINGTON's median listing price for 2024-09-01 was $305,950, a difference of $-28,800 (-8.6%) versus the prior year and $-26,050 versus the prior month.

BLOOMINGTON's median listing price comes in at 0% of the national average.

BLOOMINGTON's average listing price for 2024-09-01 was $329,109, a difference of $-63,554 (-16.2%) versus the prior year and $-25,124 versus the prior month.

For the 2024-09-01 period, BLOOMINGTON had 206 MLS listings, a difference of 9 listings (5%) versus the prior month and -1 listings (0%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - BLOOMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 93 days 2,695 sqft
2018-02-01 82 days 2,827 sqft
2018-03-01 53 days 2,862 sqft
2018-04-01 56 days 2,878 sqft
2018-05-01 59 days 2,871 sqft
2018-06-01 58 days 2,856 sqft
2018-07-01 62 days 2,811 sqft
2018-08-01 66 days 2,799 sqft
2018-09-01 71 days 2,784 sqft
2018-10-01 72 days 2,757 sqft
2018-11-01 77 days 2,685 sqft
2018-12-01 86 days 2,606 sqft
2019-01-01 92 days 2,555 sqft
2019-02-01 85 days 1,682 sqft
2019-03-01 62 days 1,747 sqft
2019-04-01 50 days 1,748 sqft
2019-05-01 53 days 1,767 sqft
2019-06-01 58 days 1,826 sqft
2019-07-01 59 days 1,880 sqft
2019-08-01 62 days 1,872 sqft
2019-09-01 67 days 1,853 sqft
2019-10-01 71 days 1,840 sqft
2019-11-01 80 days 1,872 sqft
2019-12-01 87 days 1,827 sqft
2020-01-01 90 days 1,826 sqft
2020-02-01 76 days 1,838 sqft
2020-03-01 52 days 1,956 sqft
2020-04-01 59 days 1,950 sqft
2020-05-01 65 days 2,020 sqft
2020-06-01 59 days 2,140 sqft
2020-07-01 46 days 2,108 sqft
2020-08-01 45 days 2,038 sqft
2020-09-01 49 days 1,922 sqft
2020-10-01 50 days 1,904 sqft
2020-11-01 57 days 1,908 sqft
2020-12-01 63 days 1,764 sqft
2021-01-01 60 days 1,768 sqft
2021-02-01 57 days 1,876 sqft
2021-03-01 46 days 1,960 sqft
2021-04-01 34 days 1,963 sqft
2021-05-01 33 days 2,129 sqft
2021-06-01 41 days 2,121 sqft
2021-07-01 39 days 2,151 sqft
2021-08-01 38 days 2,087 sqft
2021-09-01 45 days 2,105 sqft
2021-10-01 50 days 1,872 sqft
2021-11-01 49 days 1,903 sqft
2021-12-01 48 days 1,878 sqft
2022-01-01 57 days 1,780 sqft
2022-02-01 50 days 1,729 sqft
2022-03-01 42 days 2,091 sqft
2022-04-01 31 days 2,199 sqft
2022-05-01 31 days 2,170 sqft
2022-06-01 35 days 2,290 sqft
2022-07-01 37 days 2,313 sqft
2022-08-01 39 days 2,128 sqft
2022-09-01 38 days 2,227 sqft
2022-10-01 38 days 2,336 sqft
2022-11-01 47 days 2,303 sqft
2022-12-01 54 days 2,314 sqft
2023-01-01 63 days 2,327 sqft
2023-02-01 61 days 2,274 sqft
2023-03-01 49 days 2,186 sqft
2023-04-01 42 days 2,208 sqft
2023-05-01 42 days 2,211 sqft
2023-06-01 52 days 2,247 sqft
2023-07-01 48 days 2,408 sqft
2023-08-01 49 days 2,505 sqft
2023-09-01 50 days 2,568 sqft
2023-10-01 51 days 2,506 sqft
2023-11-01 48 days 2,509 sqft
2023-12-01 65 days 2,512 sqft
2024-01-01 81 days 2,605 sqft
2024-02-01 64 days 2,512 sqft
2024-03-01 44 days 2,678 sqft
2024-04-01 43 days 2,570 sqft
2024-05-01 28 days 2,512 sqft
2024-06-01 32 days 2,582 sqft
2024-07-01 45 days 2,520 sqft
2024-08-01 45 days 2,362 sqft
2024-09-01 0 days 2,281 sqft
BLOOMINGTON's median listing age (time on market) for 2024-09-01 was 0 days. This is -100% shorter than the same period one year ago.

BLOOMINGTON's median square footage for active listings during the 2024-09-01 period was 2,281 sqft. One year prior, the average listing was 2,568 sqft.

BLOOMINGTON, IL Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
60936 Bloomington, IL MSA $750 $750 $880 $1,130 $1,330
61701 Bloomington, IL MSA $710 $800 $1,000 $1,410 $1,600
61702 Bloomington, IL MSA $700 $800 $990 $1,400 $1,590
61704 Bloomington, IL MSA $770 $880 $1,090 $1,540 $1,750
61705 Bloomington, IL MSA $820 $930 $1,160 $1,640 $1,860
61720 Bloomington, IL MSA $720 $820 $1,020 $1,440 $1,640
61722 Bloomington, IL MSA $800 $910 $1,130 $1,600 $1,810
61723 Bloomington, IL MSA $630 $710 $890 $1,260 $1,430
61724 Bloomington, IL MSA $650 $740 $920 $1,300 $1,480
61725 Bloomington, IL MSA $750 $840 $1,050 $1,440 $1,580
61726 Bloomington, IL MSA $610 $690 $860 $1,210 $1,380
61728 Bloomington, IL MSA $590 $670 $830 $1,170 $1,330
61729 Bloomington, IL MSA $620 $690 $870 $1,130 $1,330
61730 Bloomington, IL MSA $730 $830 $1,030 $1,450 $1,650
61731 Bloomington, IL MSA $700 $800 $990 $1,400 $1,590
61732 Bloomington, IL MSA $660 $740 $930 $1,300 $1,470
61736 Bloomington, IL MSA $810 $920 $1,150 $1,620 $1,840
61737 Bloomington, IL MSA $560 $640 $790 $1,120 $1,330
61738 Bloomington, IL MSA $660 $730 $920 $1,200 $1,330
61739 Bloomington, IL MSA $700 $800 $990 $1,400 $1,590
61744 Bloomington, IL MSA $550 $640 $790 $1,110 $1,330
61745 Bloomington, IL MSA $620 $710 $880 $1,240 $1,410
61748 Bloomington, IL MSA $660 $750 $930 $1,310 $1,490
61752 Bloomington, IL MSA $550 $640 $790 $1,110 $1,330
61753 Bloomington, IL MSA $590 $670 $830 $1,170 $1,330
61754 Bloomington, IL MSA $640 $730 $910 $1,280 $1,440
61755 Bloomington, IL MSA $640 $700 $890 $1,160 $1,330
61759 Bloomington, IL MSA $620 $690 $870 $1,130 $1,330
61761 Bloomington, IL MSA $690 $790 $980 $1,380 $1,570
61770 Bloomington, IL MSA $600 $680 $850 $1,200 $1,360
61772 Bloomington, IL MSA $720 $820 $1,020 $1,450 $1,640
61774 Bloomington, IL MSA $650 $740 $920 $1,300 $1,480
61776 Bloomington, IL MSA $870 $990 $1,230 $1,740 $1,970
61790 Bloomington, IL MSA $700 $800 $990 $1,400 $1,590
61842 Bloomington, IL MSA $780 $840 $1,020 $1,400 $1,540
61843 Bloomington, IL MSA $750 $750 $880 $1,130 $1,330
61845 Bloomington, IL MSA $750 $750 $880 $1,130 $1,330
61854 Bloomington, IL MSA $860 $860 $1,020 $1,320 $1,370

2022 Average & Median Rent Data Statistics
BLOOMINGTON, IL average 1BR rent: $769, median: $750
BLOOMINGTON, IL average 2BR rent: $952, median: $925
BLOOMINGTON, IL average 3BR rent: $1,319, median: $1,300

BLOOMINGTON, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,067 $444,305,000 $214,952
Other 242 $18,100,000 $74,793
Home Improvement 233 $14,615,000 $62,725
Refi 233 $49,315,000 $211,652
Cash Out Refi 212 $36,640,000 $172,830

Bloomington's most frequently cited loan purpose was Home Purchase, with 2,067 originations. The 2nd most popular reason was Other, with 242 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,276 $255,840,000 $200,502
7-8% 720 $128,430,000 $178,375
Over 8% 403 $35,045,000 $86,960
5-6% 378 $111,560,000 $295,132
<2.5% 53 $345,000 $6,509
4-5% 20 $4,670,000 $233,500
2.5-3% 13 $775,000 $59,615
3-4% 4 $410,000 $102,500

During 2023, Bloomington's most frequently originated rate bucket was 6-7%, with 1,276 originations.

Loan Sizing (BLOOMINGTON, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,100 $159,810,000 $145,282
$200k-400k 889 $243,535,000 $273,943
$100,000 or less 856 $44,810,000 $52,348
$400k-600k 112 $52,160,000 $465,714
$600k-1000k 19 $13,125,000 $690,789
$Over $1MM 11 $49,535,000 $4,503,182

BLOOMINGTON's loan sizing saw the bucket of loans from $100k-200k with 1,100 originations, totaling $159,810,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,325 $290,135,000 $218,970
60-80% 688 $147,120,000 $213,837
Under 20% 326 $10,940,000 $33,558
20-40% 310 $25,770,000 $83,129
40-60% 200 $57,100,000 $285,500
Over 100% 19 $4,965,000 $261,316

BLOOMINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,325 originations, totaling $290,135,000 in origination value.