CARBONDALE - MARION Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Carbondale - Marion averaged
6.91%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.54% and
one month ago for the week of 2024-10-03, the
average rate was 6.24%.
Carbondale - Marion's average rate one year ago was 7.98%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Carbondale - Marion 30 Year Fixed Rate | 2024-11-07 | 6.91% |
| Carbondale - Marion 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Carbondale - Marion 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Carbondale - Marion 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Carbondale - Marion 30 Year FHA | 2024-11-07 | 6.62% |
| Carbondale - Marion 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Carbondale - Marion 30 Year USDA | 2024-11-07 | 6.2% |
| Carbondale - Marion 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Carbondale - Marion 30 Year VA | 2024-11-07 | 6.45% |
| Carbondale - Marion 30 Year VA Refi | 2024-11-07 | 6.14% |
CARBONDALE - MARION 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 CARBONDALE-MARION, 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.).
CARBONDALE - MARION Average Closing Costs & Other Stats
CARBONDALE-MARION, IL's 88 lenders originated 1,763
loans during 2023. The total origination value was $258,625,000, with an average loan value of
$146,696.
CARBONDALE - MARION's average closing costs are $3,722.
The top CARBONDALE - MARION lender as defined by loan originations is U.S. Bank, with
78 loans originated. Their average total fees are
$3,020, which is $1,005
higher than the next largest lender,
SIU.
The lowest fee CARBONDALE - MARION lenders (with over 10 loans originated) are
SIU ($2,015), First Mid Bank & Trust ($2,283), Peoples National Bank , N.A. ($2,566), Flagstar Bank, FSB ($2,783) and Banterra Bank ($2,839).
The lowest rate CARBONDALE - MARION lenders (with over 10 loans originated) are
SIU (5.90%), First Mid Bank & Trust (6.65%), FLAT BRANCH MORTGAGE, INC. (6.66%), U.S. Bank (6.78%) and Peoples National Bank , N.A. (6.78%).
CARBONDALE-MARION, 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 |
|---|---|---|---|---|
| Farmers State Bank of Alto Pass | $14,000,000 | $19,965,000 | 42.6% | 7.7% |
| U.S. Bank | $22,195,000 | $18,595,000 | -16.2% | 7.2% |
| GUILD MORTGAGE COMPANY | $7,285,000 | $17,825,000 | 144.7% | 6.9% |
| FIRST SOUTHERN BANK | $24,540,000 | $17,800,000 | -27.5% | 6.9% |
| SouthernTrust Bank | $12,685,000 | $13,700,000 | 8.0% | 5.3% |
| SIU | $16,140,000 | $10,895,000 | -32.5% | 4.2% |
| Mortgage Research Center, LLC | $15,790,000 | $9,095,000 | -42.4% | 3.5% |
| QUICKEN LOANS, LLC | $18,470,000 | $9,070,000 | -50.9% | 3.5% |
| Peoples National Bank , N.A. | $13,925,000 | $8,430,000 | -39.5% | 3.3% |
| The Bank of Herrin | $7,700,000 | n/a | 3.0% | |
| Flagstar Bank, FSB | $9,785,000 | $6,410,000 | -34.5% | 2.5% |
| Banterra Bank | $9,520,000 | $6,085,000 | -36.1% | 2.4% |
| GERSHMAN INVESTMENT CORP. | $9,280,000 | $5,975,000 | -35.6% | 2.3% |
| FLAT BRANCH MORTGAGE, INC. | $5,775,000 | $5,825,000 | 0.9% | 2.3% |
| First Mid Bank & Trust | $6,345,000 | $4,980,000 | -21.5% | 1.9% |
| GUARANTEED RATE, INC. | $7,935,000 | $4,935,000 | -37.8% | 1.9% |
| Murphy-Wall State Bank and Trust Company | $11,635,000 | $4,410,000 | -62.1% | 1.7% |
| FirstTrust Home Loans, Inc. | $75,000 | $3,785,000 | 4,946.7% | 1.5% |
| Regions Bank | $8,285,000 | $3,420,000 | -58.7% | 1.3% |
| THE FIRST BANK AND TRUST COMPANY OF MURPHYSBORO | $3,290,000 | n/a | 1.3% | |
| Legence Bank | $6,280,000 | $3,135,000 | -50.1% | 1.2% |
| GREYSTONE SERVICING COMPANY LLC | $3,035,000 | n/a | 1.2% | |
| NAVY FEDERAL CREDIT UNION | $3,465,000 | $3,025,000 | -12.7% | 1.2% |
| The First National Bank of Ava | $2,645,000 | n/a | 1.0% | |
| Community Mortgage Banc Corporation | $5,610,000 | $2,525,000 | -55.0% | 1.0% |
| Fifth Third Bank | $2,840,000 | $2,490,000 | -12.3% | 1.0% |
| BROKER SOLUTIONS, INC. | $2,200,000 | $2,320,000 | 5.5% | 0.9% |
| Southern Bank | $205,000 | $2,145,000 | 946.3% | 0.8% |
| USAA Federal Savings Bank | $2,930,000 | $2,090,000 | -28.7% | 0.8% |
| The Federal Savings Bank | $720,000 | $1,880,000 | 161.1% | 0.7% |
| EVANSVILLE TEACHERS | $935,000 | $1,740,000 | 86.1% | 0.7% |
| First State Bank of Campbell Hill | $7,630,000 | $1,655,000 | -78.3% | 0.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,980,000 | $1,535,000 | -22.5% | 0.6% |
| FCB Banks | $1,510,000 | $1,355,000 | -10.3% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $2,720,000 | $1,335,000 | -50.9% | 0.5% |
| JPMorgan Chase Bank | $1,750,000 | $1,295,000 | -26.0% | 0.5% |
| LOANDEPOT.COM, LLC | $3,430,000 | $1,280,000 | -62.7% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,825,000 | $1,070,000 | -41.4% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $1,075,000 | $1,055,000 | -1.9% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $465,000 | $1,040,000 | 123.7% | 0.4% |
| NBKC BANK | $960,000 | n/a | 0.4% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,000,000 | $950,000 | -5.0% | 0.4% |
| The Huntington National Bank | $95,000 | $905,000 | 852.6% | 0.3% |
| First Federal Savings Bank | $835,000 | n/a | 0.3% | |
| 21ST MORTGAGE CORPORATION | $930,000 | $815,000 | -12.4% | 0.3% |
| Equity Prime Mortgage LLC | $310,000 | $785,000 | 153.2% | 0.3% |
| Farm Credit Mid-America, ACA | $710,000 | $780,000 | 9.9% | 0.3% |
| DAS Acquisition Company, LLC | $1,825,000 | $760,000 | -58.4% | 0.3% |
| ENDEAVOR CAPITAL, LLC. | $230,000 | $750,000 | 226.1% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $305,000 | $730,000 | 139.3% | 0.3% |
| Wells Fargo Bank | $3,585,000 | $725,000 | -79.8% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,750,000 | $675,000 | -61.4% | 0.3% |
| ZILLOW HOME LOANS, LLC | $320,000 | $650,000 | 103.1% | 0.3% |
| Great Southern Bank | $630,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $935,000 | $615,000 | -34.2% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $575,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,425,000 | $565,000 | -76.7% | 0.2% |
| The Peoples State Bank of Newton, Illinois | $105,000 | $555,000 | 428.6% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $1,055,000 | $530,000 | -49.8% | 0.2% |
| DOMINION FINANCIAL SERVICES, LLC | $340,000 | $530,000 | 55.9% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $960,000 | $530,000 | -44.8% | 0.2% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $510,000 | n/a | 0.2% | |
| Alerus Financial | $505,000 | n/a | 0.2% | |
| United Community Bank | $560,000 | $505,000 | -9.8% | 0.2% |
| FAIR WAY LENDING LLC | $540,000 | $465,000 | -13.9% | 0.2% |
| FIRST STATE MORTGAGE SERVICES, LLC | $455,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $1,280,000 | $450,000 | -64.8% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $445,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $950,000 | $420,000 | -55.8% | 0.2% |
| First National Bank of Waterloo | $570,000 | $410,000 | -28.1% | 0.2% |
| IAA Credit Union | $405,000 | n/a | 0.2% | |
| SCOTT CREDIT UNION | $1,035,000 | $405,000 | -60.9% | 0.2% |
| BNC National Bank | $395,000 | n/a | 0.2% | |
| Buena Vista National Bank | $435,000 | $385,000 | -11.5% | 0.1% |
| Magnolia Bank | $135,000 | $375,000 | 177.8% | 0.1% |
| NEWREZ LLC | $370,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $250,000 | $355,000 | 42.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $465,000 | $350,000 | -24.7% | 0.1% |
| Bank of America | $450,000 | $345,000 | -23.3% | 0.1% |
| Dieterich Bank | $370,000 | $345,000 | -6.8% | 0.1% |
| Discover Bank | $295,000 | $330,000 | 11.9% | 0.1% |
| First Federal Bank | $325,000 | n/a | 0.1% | |
| PNC Bank | $665,000 | $320,000 | -51.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $860,000 | $310,000 | -64.0% | 0.1% |
| First Federal Savings Bank | $305,000 | n/a | 0.1% | |
| Arvest Bank | $590,000 | $300,000 | -49.2% | 0.1% |
| ENVOY MORTGAGE, LTD | $295,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $350,000 | $280,000 | -20.0% | 0.1% |
| Waterstone Mortgage Corporation | $275,000 | n/a | 0.1% | |
| CITIZENS EQUITY FIRST | $485,000 | $270,000 | -44.3% | 0.1% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $585,000 | $255,000 | -56.4% | 0.1% |
| Nations Lending Corporation | $170,000 | $255,000 | 50.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | $245,000 | 69.0% | 0.1% |
| BMO Harris Bank | $350,000 | $245,000 | -30.0% | 0.1% |
| Civista Bank | $235,000 | $245,000 | 4.3% | 0.1% |
| FAMILY FINANCE MORTGAGE, LLC | $235,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $195,000 | $235,000 | 20.5% | 0.1% |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $230,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $225,000 | n/a | 0.1% | |
| Community Bank of Trenton | $215,000 | n/a | 0.1% | |
| Bank of Pontiac | $85,000 | $205,000 | 141.2% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $205,000 | n/a | 0.1% | |
| NFM, INC. | $235,000 | $205,000 | -12.8% | 0.1% |
| First State Community Bank | $715,000 | $200,000 | -72.0% | 0.1% |
| Ameris Bank | $315,000 | $195,000 | -38.1% | 0.1% |
| DELMAR FINANCIAL COMPANY | $145,000 | $195,000 | 34.5% | 0.1% |
| Servion, Inc. | $195,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $860,000 | $190,000 | -77.9% | 0.1% |
| Citizens Bank | $720,000 | $190,000 | -73.6% | 0.1% |
| CONSUMERS COOPERATIVE CREDIT UNION | $185,000 | n/a | 0.1% | |
| DECATUR EARTHMOVER CREDIT UNION | $185,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $185,000 | n/a | 0.1% | |
| GCS | $45,000 | $185,000 | 311.1% | 0.1% |
| First United Bank and Trust Company | $175,000 | n/a | 0.1% | |
| PURDUE FEDERAL CREDIT UNION | $175,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
| Alliance Bank | $165,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $1,185,000 | $160,000 | -86.5% | 0.1% |
| EVERETT FINANCIAL, INC. | $200,000 | $160,000 | -20.0% | 0.1% |
| Midland States Bank | $75,000 | $160,000 | 113.3% | 0.1% |
| Grundy Bank | $155,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $305,000 | $155,000 | -49.2% | 0.1% |
| Pinnacle Bank | $155,000 | n/a | 0.1% | |
| First Community Bank | $185,000 | $145,000 | -21.6% | 0.1% |
| Ixonia Bank | $145,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $215,000 | $145,000 | -32.6% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $145,000 | n/a | 0.1% | |
| Citizens Community Bank | $135,000 | n/a | 0.1% | |
| FORT FINANCIAL Federal Credit Union | $135,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $205,000 | $135,000 | -34.1% | 0.1% |
| Neighborhood Loans, Inc. | $130,000 | n/a | 0.1% | |
| First FSB of Mascoutah | $125,000 | n/a | 0.0% | |
| First National Bank of America | $175,000 | $125,000 | -28.6% | 0.0% |
| Stifel Bank and Trust | $315,000 | $125,000 | -60.3% | 0.0% |
| The FNB Community Bank | $95,000 | $125,000 | 31.6% | 0.0% |
| GENEVA FINANCIAL, LLC | $85,000 | $115,000 | 35.3% | 0.0% |
| ALLIANT CREDIT UNION | $340,000 | $110,000 | -67.6% | 0.0% |
| Ally Bank | $340,000 | $105,000 | -69.1% | 0.0% |
| COMPASS MORTGAGE, INC. | $285,000 | $105,000 | -63.2% | 0.0% |
| First State Bank | $375,000 | $105,000 | -72.0% | 0.0% |
| Coastal Community Bank | $100,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $370,000 | $95,000 | -74.3% | 0.0% |
| CIBM Bank | $155,000 | $95,000 | -38.7% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $305,000 | $95,000 | -68.9% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $90,000 | n/a | 0.0% | |
| Mound City Bank | $85,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $85,000 | n/a | 0.0% | |
| First Midwest Bank of Poplar Bluff | $75,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $75,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $75,000 | n/a | 0.0% | |
| Truist | $450,000 | $75,000 | -83.3% | 0.0% |
| Figure Lending LLC | $230,000 | $70,000 | -69.6% | 0.0% |
| Carrollton Bank | $925,000 | $65,000 | -93.0% | 0.0% |
| First Bank | $190,000 | $65,000 | -65.8% | 0.0% |
| JERSEY STATE BANK | $65,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $65,000 | n/a | 0.0% | |
| Bank of Gibson City | $55,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $55,000 | n/a | 0.0% | |
| Old National Bank | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $80,000 | $55,000 | -31.3% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $35,000 | n/a | 0.0% | |
| Gateway First Bank | $35,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $25,000 | n/a | 0.0% | |
| Flanagan State Bank | $165,000 | $15,000 | -90.9% | 0.0% |
| Montgomery Bank | $245,000 | $15,000 | -93.9% | 0.0% |
CARBONDALE - MARION's top lender by overall market share is Farmers State Bank of Alto Pass, with 7.7% market share. In second place, with 7.2%, is U.S. Bank, having originated $18,595,000 in loans. In third place, with 6.9%, is GUILD MORTGAGE COMPANY, having originated $17,825,000 in loans. In fourth place, with 6.9%, is FIRST SOUTHERN BANK, having originated $17,800,000 in loans. In fifth place, with 5.3%, is SouthernTrust Bank, having originated $13,700,000 in loans.
CARBONDALE-MARION, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,245 | $195,555,000 | $157,072 |
| Refi | 180 | $28,420,000 | $157,889 |
| Cash Out Refi | 143 | $18,365,000 | $128,427 |
| Home Improvement | 107 | $9,105,000 | $85,093 |
| Other | 88 | $7,180,000 | $81,591 |
Carbondale - Marion's most frequently cited loan purpose was Home Purchase, with 1,245 originations. The 2nd most popular reason was Refi, with 180 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 516 | $80,930,000 | $156,841 |
| 7-8% | 356 | $54,940,000 | $154,326 |
| 5-6% | 177 | $29,795,000 | $168,333 |
| Over 8% | 140 | $10,960,000 | $78,286 |
| <2.5% | 24 | $140,000 | $5,833 |
| 4-5% | 13 | $2,135,000 | $164,231 |
| 3-4% | 3 | $345,000 | $115,000 |
During 2023, Carbondale - Marion's most frequently originated rate bucket was 6-7%, with 516 originations.
Loan Sizing (CARBONDALE-MARION, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 744 | $43,520,000 | $58,495 |
| $100k-200k | 647 | $93,845,000 | $145,046 |
| $200k-400k | 309 | $81,725,000 | $264,482 |
| $400k-600k | 43 | $20,495,000 | $476,628 |
| $600k-1000k | 15 | $11,265,000 | $751,000 |
| $Over $1MM | 5 | $7,775,000 | $1,555,000 |
CARBONDALE - MARION's loan sizing saw the bucket of loans from $100,000 or less with 744 originations, totaling $43,520,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 703 | $114,035,000 | $162,212 |
| 60-80% | 260 | $41,910,000 | $161,192 |
| 40-60% | 89 | $14,725,000 | $165,449 |
| 20-40% | 77 | $4,945,000 | $64,221 |
| Under 20% | 75 | $1,805,000 | $24,067 |
| Over 100% | 23 | $4,695,000 | $204,130 |
CARBONDALE - MARION's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 703 originations, totaling $114,035,000 in origination value.