Centralia Mortgage Rates & Closing Costs

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  • Trends
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Centralia averaged 7.42% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

    The average rate for the prior week (2023-11-16) was 7.57% and one month ago for the week of 2023-10-19, the average rate was 7.76%.

    Centralia's average rate one year ago was 6.44%.

    For refis of the same type during the week of 2023-11-22, the average rate was 7.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-22 7.29%
    Centralia 30 Year Fixed Rate 2023-11-22 7.42%
    Centralia 30 Year Fixed Rate Refi 2023-11-22 7.89%
    Centralia 15 Year Fixed Rate 2023-11-22 6.47%
    Centralia 15 Year Fixed Rate Refi 2023-11-22 6.77%
    Centralia 30 Year FHA 2023-11-22 0%
    Centralia 30 Year FHA Refi 2023-11-22 -0.1%
    Centralia 30 Year USDA 2023-11-22 0.2%
    Centralia 30 Year USDA Refi 2023-11-22 0%
    Centralia 30 Year VA 2023-11-22 0.2%
    Centralia 30 Year VA Refi 2023-11-22 0%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Centralia, IL.

    Centralia 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 Centralia, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Peoples National Bank , N.A. 30 5.47% $2,195
    U.S. Bank 21 5.18% $2,290
    Community Mortgage Banc Corporation 14 5.17% $2,729
    Midland States Bank 7 4.63% $3,143
    QUICKEN LOANS, LLC 7 4.77% $6,604
    ENDEAVOR CAPITAL, LLC. 6 5.50% $4,406
    DELMAR FINANCIAL COMPANY 5 4.48% $2,611
    Regions Bank 4 5.31% $2,770
    BROKER SOLUTIONS, INC. 3 5.49% $2,957
    GUARANTEED RATE, INC. 3 6.33% $2,834
    Bankers' Bank 3 4.21% $2,664
    SCOTT CREDIT UNION 3 4.50% $2,233
    First Financial Bank 3 6.17% $2,386
    21ST MORTGAGE CORPORATION 3 7.92% $5,943
    First Savings Bank 2 5.44% $2,832
    AMERISAVE MORTGAGE CORPORATION 2 5.37% $9,580
    Bank of Hillsboro 2 3.88% $1,796
    Banterra Bank 2 4.13% $2,463
    FCB Banks 2 4.06% $1,681
    First Mid Bank & Trust 2 4.94% $938
    Flagstar Bank, FSB 2 3.81% $4,445
    Gateway Metro Federal Credit Union 2 6.38% $2,505
    Mortgage Research Center, LLC 2 4.62% $2,951
    ROYAL UNITED MORTGAGE LLC 2 5.75% $6,346
    Sunflower Bank 1 6.75% $6,257
    FLAT BRANCH MORTGAGE, INC. 1 6.00% $5,513
    Town & Country Banc Mortgage Services 1 5.80% $1,832
    GERSHMAN INVESTMENT CORP. 1 3.88% $3,200
    Dieterich Bank 1 6.38% $1,711
    Heritage Bank 1 5.88% $4,983
    DAS Acquisition Company, LLC 1 4.25% $2,417
    UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $4,373
    Nations Lending Corporation 1 3.88% $600
    NAVY FEDERAL CREDIT UNION 1 5.13% $11,515
    PENNYMAC LOAN SERVICES, LLC 1 5.37% $1,406
    Colonial Savings, F.A. 1 3.38% $5,842
    Petefish, Skiles & Co. 1 6.88% $2,249
    PNC Bank 1 5.63% $1,910
    CNB Bank And Trust, N.A. 1 6.75% $3,156
    Beeline Loans, Inc. 1 3.63% $2,566
    Alliance Community Bank 1 3.13% $657
    Fifth Third Bank 1 4.94% $1,197
    Farm Credit Mid-America, ACA 1 4.50% $4,126
    First Guaranty Mortgage Corporation 1 5.13% $3,713
    Bank of Springfield 1 5.18% $1,844
    EVANSVILLE TEACHERS 1 4.25% $2,856

    Centralia Average Closing Costs & Other Stats

    Centralia, IL's 46 lenders originated 583 loans during 2022. The total origination value was $68,495,000, with an average loan value of $117,487.

    Centralia's average closing costs are $3,344.

    The top Centralia lender as defined by loan originations is Peoples National Bank , N.A., with 30 loans originated. Their average total fees are $2,195, which is $95 lower than the next largest lender, U.S. Bank.

    The lowest fee Centralia lenders (with over 10 loans originated) are Peoples National Bank , N.A. ($2,195), U.S. Bank ($2,290), Community Mortgage Banc Corporation ($2,729), .

    The lowest rate Centralia lenders (with over 10 loans originated) are Community Mortgage Banc Corporation (5.17%), U.S. Bank (5.18%), Peoples National Bank , N.A. (5.47%), .

    Centralia, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Peoples National Bank , N.A. $11,375,000 $8,275,000 -27.3% 12.1%
    Community Partners Savings Bank $18,100,000 $8,270,000 -54.3% 12.1%
    U.S. Bank $7,890,000 $4,775,000 -39.5% 7.0%
    Community Mortgage Banc Corporation $4,910,000 $3,595,000 -26.8% 5.2%
    BROKER SOLUTIONS, INC. $6,980,000 $3,365,000 -51.8% 4.9%
    QUICKEN LOANS, LLC $7,195,000 $2,850,000 -60.4% 4.2%
    Midland States Bank $4,700,000 $2,780,000 -40.9% 4.1%
    FCB Banks $1,050,000 $2,345,000 123.3% 3.4%
    Mortgage Research Center, LLC $2,745,000 $2,225,000 -18.9% 3.2%
    ENDEAVOR CAPITAL, LLC. $870,000 $2,095,000 140.8% 3.1%
    DELMAR FINANCIAL COMPANY $3,055,000 $1,835,000 -39.9% 2.7%
    21ST MORTGAGE CORPORATION $520,000 $1,270,000 144.2% 1.9%
    Regions Bank $780,000 $1,200,000 53.8% 1.8%
    The FNB Community Bank $930,000 $1,090,000 17.2% 1.6%
    Bankers' Bank $1,610,000 $945,000 -41.3% 1.4%
    Germantown Trust & Savings Bank $280,000 $945,000 237.5% 1.4%
    First Mid Bank & Trust $930,000 n/a 1.4%
    GUARANTEED RATE, INC. $325,000 $930,000 186.2% 1.4%
    NAVY FEDERAL CREDIT UNION $135,000 $865,000 540.7% 1.3%
    GERSHMAN INVESTMENT CORP. $1,425,000 $855,000 -40.0% 1.2%
    AMERISAVE MORTGAGE CORPORATION $440,000 $770,000 75.0% 1.1%
    FREEDOM MORTGAGE CORPORATION $1,685,000 $650,000 -61.4% 0.9%
    PENNYMAC LOAN SERVICES, LLC $495,000 $630,000 27.3% 0.9%
    First Financial Bank $275,000 $610,000 121.8% 0.9%
    Flagstar Bank, FSB $510,000 n/a 0.7%
    Town & Country Banc Mortgage Services, Inc. $300,000 $480,000 60.0% 0.7%
    Community Bank of Trenton $390,000 $475,000 21.8% 0.7%
    Colonial Savings, F.A. $420,000 n/a 0.6%
    First Savings Bank $135,000 $420,000 211.1% 0.6%
    LOANDEPOT.COM, LLC $215,000 $420,000 95.3% 0.6%
    The Peoples State Bank of Newton, Illinois $345,000 $410,000 18.8% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $565,000 $400,000 -29.2% 0.6%
    United Community Bank $280,000 $400,000 42.9% 0.6%
    SCOTT CREDIT UNION $600,000 $385,000 -35.8% 0.6%
    Banterra Bank $15,000 $370,000 2,366.7% 0.5%
    Gateway Metro Federal Credit Union $350,000 n/a 0.5%
    ROYAL UNITED MORTGAGE LLC $85,000 $330,000 288.2% 0.5%
    DAS Acquisition Company, LLC $195,000 $320,000 64.1% 0.5%
    Bank of Hillsboro $690,000 $315,000 -54.3% 0.5%
    Farm Credit Mid-America, ACA $310,000 n/a 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $670,000 $305,000 -54.5% 0.4%
    Heritage Bank $295,000 n/a 0.4%
    Nations Lending Corporation $185,000 $285,000 54.1% 0.4%
    The Bradford National Bank of Greenville $275,000 n/a 0.4%
    The Federal Savings Bank $135,000 $275,000 103.7% 0.4%
    AMERICAN HOME LENDING USA, LLC $265,000 n/a 0.4%
    AmeriHome Mortgage Company, LLC $260,000 $265,000 1.9% 0.4%
    Alliance Community Bank $245,000 n/a 0.4%
    FLAT BRANCH MORTGAGE, INC. $290,000 $240,000 -17.2% 0.4%
    The First National Bank in Carlyle $45,000 $210,000 366.7% 0.3%
    Magnolia Bank $205,000 n/a 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $595,000 $200,000 -66.4% 0.3%
    Bank of America $275,000 $195,000 -29.1% 0.3%
    Dieterich Bank $380,000 $195,000 -48.7% 0.3%
    Fifth Third Bank $415,000 $195,000 -53.0% 0.3%
    First Bank $195,000 n/a 0.3%
    Petefish, Skiles & Co. $1,845,000 $195,000 -89.4% 0.3%
    PNC Bank $195,000 n/a 0.3%
    JLB CORPORATION $240,000 $190,000 -20.8% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 n/a 0.3%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $75,000 $175,000 133.3% 0.3%
    CNB Bank And Trust, N.A. $175,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $300,000 $170,000 -43.3% 0.2%
    Sunflower Bank $165,000 n/a 0.2%
    USAA Federal Savings Bank $65,000 $165,000 153.8% 0.2%
    Beeline Loans, Inc. $155,000 n/a 0.2%
    Wells Fargo Bank $340,000 $150,000 -55.9% 0.2%
    The Farmers and Merchants National Bank of Nashville $355,000 $145,000 -59.2% 0.2%
    AMERICAN ADVISORS GROUP $135,000 n/a 0.2%
    FIRST CENTENNIAL MORTGAGE CORPORATION $195,000 $135,000 -30.8% 0.2%
    CMG MORTGAGE, INC. $260,000 $125,000 -51.9% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $255,000 $125,000 -51.0% 0.2%
    First Guaranty Mortgage Corporation $180,000 $115,000 -36.1% 0.2%
    TOGETHER CREDIT UNION $115,000 n/a 0.2%
    EVANSVILLE TEACHERS $665,000 $110,000 -83.5% 0.2%
    Carrington Mortgage Services, LLC $150,000 $105,000 -30.0% 0.2%
    Legence Bank $55,000 $105,000 90.9% 0.2%
    Carrollton Bank $235,000 $85,000 -63.8% 0.1%
    M&T Bank $85,000 n/a 0.1%
    NEWREZ LLC $355,000 $85,000 -76.1% 0.1%
    GUILD MORTGAGE COMPANY $155,000 $75,000 -51.6% 0.1%
    Bank of Springfield $65,000 n/a 0.1%
    Figure Lending LLC $65,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $55,000 n/a 0.1%
    SouthernTrust Bank $45,000 n/a 0.1%
    Illinois State Police Federal Credit Union $35,000 n/a 0.1%

    Centralia's top lender by overall market share is Peoples National Bank , N.A., with 12.1% market share. In second place, with 12.1%, is Community Partners Savings Bank, having originated $8,270,000 in loans. In third place, with 7.0%, is U.S. Bank, having originated $4,775,000 in loans. In fourth place, with 5.2%, is Community Mortgage Banc Corporation, having originated $3,595,000 in loans. In fifth place, with 4.9%, is BROKER SOLUTIONS, INC., having originated $3,365,000 in loans.

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

    Realtor.com - Centralia (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 $94,750 (17.7%) $121,480 (-0.1%) 0.00 153
    2018-02-01 $95,975 (13.3%) $128,087 (2.3%) 0.00 157
    2018-03-01 $96,950 (14.2%) $125,283 (1.2%) 0.00 151
    2018-04-01 $96,450 (7.3%) $127,023 (-0.5%) 0.00 158
    2018-05-01 $103,200 (10.7%) $136,066 (3.9%) 0.00 157
    2018-06-01 $99,000 (8.4%) $133,937 (4.2%) 0.00 160
    2018-07-01 $125,475 (34.9%) $140,347 (9.7%) 0.00 164
    2018-08-01 $120,500 (45.3%) $141,548 (19.0%) 0.00 173
    2018-09-01 $119,900 (38.0%) $143,249 (19.7%) 0.00 161
    2018-10-01 $108,950 (21.2%) $141,393 (15.8%) 0.00 165
    2018-11-01 $107,900 (18.8%) $142,181 (18.4%) 0.00 160
    2018-12-01 $105,500 (14.7%) $141,470 (19.6%) 0.00 162
    2019-01-01 $109,350 (15.4%) $141,309 (16.3%) 0.00 160
    2019-02-01 $105,600 (10.0%) $140,233 (9.5%) 0.00 155
    2019-03-01 $107,743 (11.1%) $138,848 (10.8%) 0.00 153
    2019-04-01 $115,425 (19.7%) $140,829 (10.9%) 0.00 148
    2019-05-01 $122,400 (18.6%) $145,877 (7.2%) 0.00 149
    2019-06-01 $124,900 (26.2%) $146,720 (9.5%) 0.00 155
    2019-07-01 $122,925 (-2.0%) $146,158 (4.1%) 0.00 154
    2019-08-01 $123,391 (2.4%) $145,803 (3.0%) 0.00 147
    2019-09-01 $127,052 (6.0%) $147,571 (3.0%) 0.00 140
    2019-10-01 $129,493 (18.9%) $149,041 (5.4%) 0.00 139
    2019-11-01 $126,000 (16.8%) $153,687 (8.1%) 0.00 142
    2019-12-01 $129,000 (22.3%) $158,562 (12.1%) 0.00 138
    2020-01-01 $129,450 (18.4%) $162,545 (15.0%) 0.00 125
    2020-02-01 $111,950 (6.0%) $156,693 (11.7%) 0.00 122
    2020-03-01 $107,750 (0.0%) $148,135 (6.7%) 0.00 127
    2020-04-01 $104,700 (-9.3%) $143,454 (1.9%) 0.00 127
    2020-05-01 $111,950 (-8.5%) $147,711 (1.3%) 0.00 111
    2020-06-01 $119,450 (-4.4%) $152,588 (4.0%) 0.00 95
    2020-07-01 $111,750 (-9.1%) $153,449 (5.0%) 0.00 94
    2020-08-01 $119,000 (-3.6%) $164,924 (13.1%) 0.00 97
    2020-09-01 $97,700 (-23.1%) $153,786 (4.2%) 0.00 97
    2020-10-01 $92,500 (-28.6%) $140,016 (-6.1%) 0.00 104
    2020-11-01 $70,125 (-44.4%) $129,523 (-15.7%) 0.00 108
    2020-12-01 $69,950 (-45.8%) $130,574 (-17.7%) 0.00 100
    2021-01-01 $79,500 (-38.6%) $144,185 (-11.3%) 0.00 90
    2021-02-01 $83,975 (-25.0%) $164,826 (5.2%) 0.00 87
    2021-03-01 $96,975 (-10.0%) $167,857 (13.3%) 0.00 79
    2021-04-01 $87,625 (-16.3%) $172,705 (20.4%) 0.00 62
    2021-05-01 $94,900 (-15.2%) $181,993 (23.2%) 0.00 56
    2021-06-01 $124,450 (4.2%) $211,678 (38.7%) 0.00 67
    2021-07-01 $127,400 (14.0%) $224,576 (46.4%) 0.00 67
    2021-08-01 $137,400 (15.5%) $222,839 (35.1%) 0.00 73
    2021-09-01 $157,200 (60.9%) $235,655 (53.2%) 0.00 64
    2021-10-01 $154,000 (66.5%) $244,850 (74.9%) 0.00 54
    2021-11-01 $159,925 (128.1%) $253,283 (95.6%) 0.00 59
    2021-12-01 $149,900 (114.3%) $253,388 (94.1%) 0.00 58
    2022-01-01 $145,450 (83.0%) $253,659 (75.9%) 0.00 51
    2022-02-01 $149,000 (77.4%) $279,339 (69.5%) 0.00 44
    2022-03-01 $133,675 (37.8%) $261,109 (55.6%) 0.00 42
    2022-04-01 $111,950 (27.8%) $213,922 (23.9%) 0.00 53
    2022-05-01 $99,925 (5.3%) $202,426 (11.2%) 0.00 56
    2022-06-01 $107,450 (-13.7%) $197,816 (-6.6%) 0.00 67
    2022-07-01 $124,900 (-2.0%) $197,628 (-12.0%) 0.00 70
    2022-08-01 $125,925 (-8.4%) $200,035 (-10.2%) 0.00 67
    2022-09-01 $138,700 (-11.8%) $198,546 (-15.8%) 0.00 83
    2022-10-01 $139,900 (-9.2%) $183,471 (-25.1%) 0.00 81
    2022-11-01 $127,000 (-20.6%) $176,290 (-30.4%) 0.00 75
    2022-12-01 $110,000 (-26.6%) $163,934 (-35.3%) 0.00 70
    2023-01-01 $131,175 (-9.8%) $176,574 (-30.4%) 0.00 69
    2023-02-01 $127,450 (-14.5%) $171,882 (-38.5%) 0.00 79
    2023-03-01 $135,000 (1.0%) $173,228 (-33.7%) 0.00 86
    2023-04-01 $129,750 (15.9%) $162,535 (-24.0%) 0.00 84
    2023-05-01 $128,125 (28.2%) $177,540 (-12.3%) 0.00 74
    2023-06-01 $130,950 (21.9%) $173,796 (-12.1%) 0.00 71
    2023-07-01 $129,900 (4.0%) $162,966 (-17.5%) 0.00 66
    2023-08-01 $115,975 (-7.9%) $152,662 (-23.7%) 0.00 57
    2023-09-01 $112,000 (-19.3%) $142,501 (-28.2%) 0.00 64
    2023-10-01 $124,950 (-10.7%) $139,910 (-23.7%) 0.00 58
    Centralia's median listing price for 2023-10-01 was $124,950, a difference of $-14,950 (-10.7%) versus the prior year and $12,950 versus the prior month.

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

    Centralia's average listing price for 2023-10-01 was $139,910, a difference of $-43,561 (-23.7%) versus the prior year and $-2,591 versus the prior month.

    For the 2023-10-01 period, Centralia had 58 MLS listings, a difference of -6 listings (-9%) versus the prior month and -23 listings (-28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Centralia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,600 sqft
    2018-02-01 0 days 1,649 sqft
    2018-03-01 0 days 1,634 sqft
    2018-04-01 0 days 1,675 sqft
    2018-05-01 0 days 1,717 sqft
    2018-06-01 0 days 1,701 sqft
    2018-07-01 0 days 1,753 sqft
    2018-08-01 0 days 1,773 sqft
    2018-09-01 0 days 1,808 sqft
    2018-10-01 0 days 1,797 sqft
    2018-11-01 0 days 1,821 sqft
    2018-12-01 0 days 1,821 sqft
    2019-01-01 0 days 1,807 sqft
    2019-02-01 0 days 1,774 sqft
    2019-03-01 0 days 1,722 sqft
    2019-04-01 0 days 1,733 sqft
    2019-05-01 0 days 1,772 sqft
    2019-06-01 0 days 1,800 sqft
    2019-07-01 0 days 1,736 sqft
    2019-08-01 0 days 1,782 sqft
    2019-09-01 0 days 1,893 sqft
    2019-10-01 0 days 1,980 sqft
    2019-11-01 0 days 1,862 sqft
    2019-12-01 0 days 1,804 sqft
    2020-01-01 0 days 1,966 sqft
    2020-02-01 0 days 1,804 sqft
    2020-03-01 0 days 1,731 sqft
    2020-04-01 0 days 1,728 sqft
    2020-05-01 0 days 1,734 sqft
    2020-06-01 0 days 1,772 sqft
    2020-07-01 0 days 1,711 sqft
    2020-08-01 0 days 1,796 sqft
    2020-09-01 0 days 1,706 sqft
    2020-10-01 0 days 1,481 sqft
    2020-11-01 0 days 1,434 sqft
    2020-12-01 0 days 1,440 sqft
    2021-01-01 0 days 1,500 sqft
    2021-02-01 0 days 1,541 sqft
    2021-03-01 0 days 1,591 sqft
    2021-04-01 0 days 1,441 sqft
    2021-05-01 0 days 1,562 sqft
    2021-06-01 0 days 1,914 sqft
    2021-07-01 0 days 1,848 sqft
    2021-08-01 0 days 1,941 sqft
    2021-09-01 0 days 1,871 sqft
    2021-10-01 0 days 1,871 sqft
    2021-11-01 0 days 1,926 sqft
    2021-12-01 0 days 1,727 sqft
    2022-01-01 0 days 1,694 sqft
    2022-02-01 0 days 1,591 sqft
    2022-03-01 0 days 1,496 sqft
    2022-04-01 0 days 1,451 sqft
    2022-05-01 0 days 1,413 sqft
    2022-06-01 0 days 1,431 sqft
    2022-07-01 0 days 1,482 sqft
    2022-08-01 0 days 1,482 sqft
    2022-09-01 0 days 1,559 sqft
    2022-10-01 0 days 1,500 sqft
    2022-11-01 0 days 1,420 sqft
    2022-12-01 0 days 1,387 sqft
    2023-01-01 0 days 1,430 sqft
    2023-02-01 0 days 1,454 sqft
    2023-03-01 0 days 1,569 sqft
    2023-04-01 0 days 1,527 sqft
    2023-05-01 0 days 1,480 sqft
    2023-06-01 0 days 1,597 sqft
    2023-07-01 0 days 1,560 sqft
    2023-08-01 0 days 1,546 sqft
    2023-09-01 0 days 1,468 sqft
    2023-10-01 0 days 1,430 sqft
    Centralia's median listing age (time on market) for 2023-10-01 was 0 days.

    Centralia's median square footage for active listings during the 2023-10-01 period was 1,430 sqft. One year prior, the average listing was 1,500 sqft.

    Centralia, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 378 $48,110,000 $127,275
    Refi 77 $8,305,000 $107,857
    Cash Out Refi 66 $8,220,000 $124,545
    Other 38 $1,900,000 $50,000
    Home Improvement 24 $1,960,000 $81,667

    Centralia's most frequently cited loan purpose was Home Purchase, with 378 originations. The 2nd most popular reason was Refi, with 77 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 123 $15,485,000 $125,894
    4-5% 100 $13,780,000 $137,800
    6-7% 85 $10,105,000 $118,882
    3-4% 81 $11,395,000 $140,679
    <2.5% 19 $925,000 $48,684
    2.5-3% 16 $2,250,000 $140,625
    7-8% 16 $1,410,000 $88,125
    Over 8% 12 $1,100,000 $91,667

    During 2022, Centralia's most frequently originated rate bucket was 5-6%, with 123 originations.

    Loan Sizing (Centralia, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 297 $17,745,000 $59,747
    $100k-200k 213 $29,745,000 $139,648
    $200k-400k 64 $16,520,000 $258,125
    $400k-600k 8 $3,810,000 $476,250
    $600k-1000k 1 $675,000 $675,000

    Centralia's loan sizing saw the bucket of loans from $100,000 or less with 297 originations, totaling $17,745,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 261 $36,275,000 $138,985
    60-80% 114 $13,220,000 $115,965
    40-60% 30 $3,510,000 $117,000
    Under 20% 20 $330,000 $16,500
    20-40% 19 $1,445,000 $76,053
    Over 100% 5 $1,225,000 $245,000

    Centralia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 261 originations, totaling $36,275,000 in origination value.