Centralia Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Centralia averaged 6.74% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.97% and one month ago for the week of 2023-02-09, the average rate was 6.06%.

    Centralia's average rate one year ago was 4.09%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.84%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Centralia 30 Year Fixed Rate 2023-03-16 6.74%
    Centralia 30 Year Fixed Rate Refi 2023-03-16 6.84%
    Centralia 15 Year Fixed Rate 2023-03-16 7.06%
    Centralia 15 Year Fixed Rate Refi 2023-03-16 6.31%
    Centralia 30 Year FHA 2023-03-16 6.62%
    Centralia 30 Year FHA Refi 2023-03-16 6.78%
    Centralia 30 Year USDA 2023-03-16 6.43%
    Centralia 30 Year USDA Refi 2023-03-16 3.87%
    Centralia 30 Year VA 2023-03-16 6.5%
    Centralia 30 Year VA Refi 2023-03-16 5.99%
    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Peoples National Bank , N.A. 42 3.26% $1,938
    U.S. Bank 21 3.22% $2,159
    Community Mortgage Banc Corporation 16 3.29% $2,312
    Midland States Bank 15 3.26% $2,538
    QUICKEN LOANS, LLC 12 3.27% $4,160
    BROKER SOLUTIONS, INC. 10 3.49% $2,785
    Bankers' Bank 8 3.03% $4,201
    Petefish, Skiles & Co. 8 3.17% $2,438
    DELMAR FINANCIAL COMPANY 5 3.18% $2,042
    ENDEAVOR CAPITAL, LLC. 4 3.31% $2,208
    Regions Bank 3 3.04% $2,584
    SCOTT CREDIT UNION 3 2.96% $1,903
    UNITED WHOLESALE MORTGAGE, LLC 3 3.28% $3,254
    EVANSVILLE TEACHERS 3 3.08% $2,181
    GERSHMAN INVESTMENT CORP. 3 3.21% $1,954
    Wells Fargo Bank 2 3.38% $2,363
    Bank of Hillsboro 2 3.13% $3,205
    FLAT BRANCH MORTGAGE, INC. 2 2.69% $3,945
    HOMESIDE FINANCIAL, LLC 2 3.69% $3,202
    FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $2,842
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.38% $2,633
    FIRST COMMUNITY 1 3.25% $2,247
    AMERISAVE MORTGAGE CORPORATION 1 2.88% $9,944
    FREEDOM MORTGAGE CORPORATION 1 3.25% $2,267
    DAS Acquisition Company, LLC 1 3.88% $2,660
    GUARANTEED RATE, INC. 1 3.25% $2,597
    GUILD MORTGAGE COMPANY 1 3.75% $2,498
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.75% $2,389
    LAKEVIEW LOAN SERVICING, LLC 1 3.50% $1,199
    CMG MORTGAGE, INC. 1 3.88% $2,352
    MOVEMENT MORTGAGE, LLC 1 3.44% $3,776
    Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $3,244
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.38% $2,374
    Nations Lending Corporation 1 3.63% $3,026
    NEWREZ LLC 1 3.25% $1,877
    CITIZENS EQUITY FIRST 1 3.38% $2,272
    CELEBRITY HOME LOANS, LLC 1 3.38% $2,602
    Carrollton Bank 1 3.63% $2,179
    BMO Harris Bank 1 3.75% $3,109
    ROYAL UNITED MORTGAGE LLC 1 3.50% $6,763
    BETTER MORTGAGE CORPORATION 1 3.25% $5,000
    Bank of America 1 2.75% $2,829
    FCB Banks 1 2.75% $1,862
    Fifth Third Bank 1 4.19% $1,007

    Centralia Average Closing Costs & Other Stats

    Centralia, IL's 44 lenders originated 846 loans during 2021. The total origination value was $97,320,000, with an average loan value of $115,035.

    Centralia's average closing costs are $3,162.

    The top Centralia lender as defined by loan originations is Peoples National Bank , N.A., with 42 loans originated. Their average total fees are $1,938, which is $221 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. ($1,938), U.S. Bank ($2,159), Community Mortgage Banc Corporation ($2,312), Midland States Bank ($2,538) and BROKER SOLUTIONS, INC. ($2,785).

    The lowest rate Centralia lenders (with over 10 loans originated) are U.S. Bank (3.22%), Midland States Bank (3.26%), Peoples National Bank , N.A. (3.26%), QUICKEN LOANS, LLC (3.27%) and Community Mortgage Banc Corporation (3.29%).

    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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Community Partners Savings Bank $18,480,000 $18,100,000 -2.1% 18.6%
    Peoples National Bank , N.A. $17,735,000 $11,375,000 -35.9% 11.7%
    U.S. Bank $8,880,000 $7,890,000 -11.1% 8.1%
    QUICKEN LOANS, LLC $4,780,000 $7,195,000 50.5% 7.4%
    BROKER SOLUTIONS, INC. $9,320,000 $6,980,000 -25.1% 7.2%
    Community Mortgage Banc Corporation $5,115,000 $4,910,000 -4.0% 5.0%
    Midland States Bank $2,740,000 $4,700,000 71.5% 4.8%
    DELMAR FINANCIAL COMPANY $240,000 $3,055,000 1,172.9% 3.1%
    Mortgage Research Center, LLC $2,735,000 $2,745,000 0.4% 2.8%
    Petefish, Skiles & Co. $1,870,000 $1,845,000 -1.3% 1.9%
    FREEDOM MORTGAGE CORPORATION $1,925,000 $1,685,000 -12.5% 1.7%
    Bankers' Bank $1,610,000 n/a 1.7%
    GERSHMAN INVESTMENT CORP. $265,000 $1,425,000 437.7% 1.5%
    FCB Banks $1,535,000 $1,050,000 -31.6% 1.1%
    The FNB Community Bank $875,000 $930,000 6.3% 1.0%
    ENDEAVOR CAPITAL, LLC. $180,000 $870,000 383.3% 0.9%
    Regions Bank $1,055,000 $780,000 -26.1% 0.8%
    Bank of Hillsboro $915,000 $690,000 -24.6% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $1,145,000 $670,000 -41.5% 0.7%
    EVANSVILLE TEACHERS $360,000 $665,000 84.7% 0.7%
    SCOTT CREDIT UNION $115,000 $600,000 421.7% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $280,000 $595,000 112.5% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $275,000 $565,000 105.5% 0.6%
    21ST MORTGAGE CORPORATION $655,000 $520,000 -20.6% 0.5%
    PENNYMAC LOAN SERVICES, LLC $180,000 $495,000 175.0% 0.5%
    HOMESIDE FINANCIAL, LLC $455,000 n/a 0.5%
    Barrington Bank & Trust Company, N.A. $165,000 $450,000 172.7% 0.5%
    AMERISAVE MORTGAGE CORPORATION $440,000 n/a 0.5%
    Wyndham Capital Mortgage, Inc. $425,000 n/a 0.4%
    Fifth Third Bank $415,000 n/a 0.4%
    Community Bank of Trenton $1,135,000 $390,000 -65.6% 0.4%
    Dieterich Bank $85,000 $380,000 347.1% 0.4%
    MOVEMENT MORTGAGE, LLC $370,000 n/a 0.4%
    CALIBER HOME LOANS, INC. $135,000 $360,000 166.7% 0.4%
    NEWREZ LLC $355,000 n/a 0.4%
    The Farmers and Merchants National Bank of Nashville $45,000 $355,000 688.9% 0.4%
    HOME POINT FINANCIAL CORPORATION $280,000 $350,000 25.0% 0.4%
    Low VA Rates, LLC $350,000 n/a 0.4%
    The Peoples State Bank of Newton, Illinois $360,000 $345,000 -4.2% 0.4%
    Wells Fargo Bank $665,000 $340,000 -48.9% 0.3%
    VILLAGE CAPITAL & INVESTMENT LLC $335,000 n/a 0.3%
    GUARANTEED RATE, INC. $200,000 $325,000 62.5% 0.3%
    First National Bank of Waterloo $190,000 $320,000 68.4% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $415,000 $300,000 -27.7% 0.3%
    Town & Country Banc Mortgage Services, Inc. $150,000 $300,000 100.0% 0.3%
    FLAT BRANCH MORTGAGE, INC. $290,000 n/a 0.3%
    Germantown Trust & Savings Bank $175,000 $280,000 60.0% 0.3%
    United Community Bank $95,000 $280,000 194.7% 0.3%
    Bank of America $75,000 $275,000 266.7% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $275,000 n/a 0.3%
    First Financial Bank $65,000 $275,000 323.1% 0.3%
    CELEBRITY HOME LOANS, LLC $115,000 $265,000 130.4% 0.3%
    AmeriHome Mortgage Company, LLC $260,000 n/a 0.3%
    CMG MORTGAGE, INC. $155,000 $260,000 67.7% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $615,000 $255,000 -58.5% 0.3%
    JLB CORPORATION $240,000 n/a 0.2%
    OCEANSIDE MORTGAGE COMPANY $115,000 $240,000 108.7% 0.2%
    Bank of England $235,000 n/a 0.2%
    Carrollton Bank $235,000 n/a 0.2%
    LOANDEPOT.COM, LLC $415,000 $215,000 -48.2% 0.2%
    CITIZENS EQUITY FIRST $205,000 n/a 0.2%
    DAS Acquisition Company, LLC $230,000 $195,000 -15.2% 0.2%
    FIRST CENTENNIAL MORTGAGE CORPORATION $195,000 n/a 0.2%
    Nations Lending Corporation $185,000 n/a 0.2%
    First Guaranty Mortgage Corporation $480,000 $180,000 -62.5% 0.2%
    BETTER MORTGAGE CORPORATION $175,000 n/a 0.2%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $175,000 n/a 0.2%
    FIRST INTEGRITY MORTGAGE SERVICES, INC. $165,000 n/a 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $165,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $155,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $155,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $245,000 $155,000 -36.7% 0.2%
    Carrington Mortgage Services, LLC $315,000 $150,000 -52.4% 0.2%
    BMO Harris Bank $135,000 n/a 0.1%
    First Savings Bank $75,000 $135,000 80.0% 0.1%
    IAA Credit Union $135,000 n/a 0.1%
    NATIONS DIRECT MORTGAGE, LLC $135,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $670,000 $135,000 -79.9% 0.1%
    The Federal Savings Bank $135,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $125,000 n/a 0.1%
    1ST MIDAMERICA $95,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $95,000 n/a 0.1%
    FIRST COMMUNITY $95,000 n/a 0.1%
    Arvest Bank $205,000 $85,000 -58.5% 0.1%
    ROYAL UNITED MORTGAGE LLC $205,000 $85,000 -58.5% 0.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $75,000 n/a 0.1%
    Equity Prime Mortgage LLC $75,000 n/a 0.1%
    KS StateBank $75,000 n/a 0.1%
    USAA Federal Savings Bank $205,000 $65,000 -68.3% 0.1%
    Legence Bank $135,000 $55,000 -59.3% 0.1%
    PHH Mortgage Corporation $55,000 n/a 0.1%
    The First National Bank in Carlyle $45,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $25,000 $30,000 20.0% 0.0%
    Banterra Bank $65,000 $15,000 -76.9% 0.0%

    Centralia's top lender by overall market share is Community Partners Savings Bank, with 18.6% market share. In second place, with 11.7%, is Peoples National Bank , N.A., having originated $11,375,000 in loans. In third place, with 8.1%, is U.S. Bank, having originated $7,890,000 in loans. In fourth place, with 7.4%, is QUICKEN LOANS, LLC, having originated $7,195,000 in loans. In fifth place, with 7.2%, is BROKER SOLUTIONS, INC., having originated $6,980,000 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 (0.4%) 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%) $198,620 (-6.2%) 0.00 67
    2022-07-01 $124,900 (-2.0%) $200,456 (-10.7%) 0.00 70
    2022-08-01 $129,975 (-5.4%) $207,873 (-6.7%) 0.00 67
    2022-09-01 $137,950 (-12.3%) $196,924 (-16.4%) 0.00 83
    2022-10-01 $143,500 (-6.8%) $188,136 (-23.2%) 0.00 81
    2022-11-01 $129,225 (-19.2%) $179,611 (-29.1%) 0.00 75
    2022-12-01 $110,000 (-26.6%) $165,961 (-34.5%) 0.00 70
    2023-01-01 $133,100 (-8.5%) $177,114 (-30.2%) 0.00 69
    2023-02-01 $129,900 (-12.8%) $172,761 (-38.2%) 0.00 79
    Centralia's median listing price for 2023-02-01 was $129,900, a difference of $-19,100 (-12.8%) versus the prior year and $-3,200 versus the prior month.

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

    Centralia's average listing price for 2023-02-01 was $172,761, a difference of $-106,578 (-38.2%) versus the prior year and $-4,353 versus the prior month.

    For the 2023-02-01 period, Centralia had 79 MLS listings, a difference of 10 listings (14%) versus the prior month and 35 listings (80%) 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 1,438 sqft
    2022-07-01 0 days 1,482 sqft
    2022-08-01 0 days 1,536 sqft
    2022-09-01 0 days 1,559 sqft
    2022-10-01 0 days 1,531 sqft
    2022-11-01 0 days 1,402 sqft
    2022-12-01 0 days 1,400 sqft
    2023-01-01 0 days 1,442 sqft
    2023-02-01 0 days 1,471 sqft
    Centralia's median listing age (time on market) for 2023-02-01 was 0 days.

    Centralia's median square footage for active listings during the 2023-02-01 period was 1,471 sqft. One year prior, the average listing was 1,591 sqft.

    Centralia, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 423 $48,205,000 $113,960
    Refi 248 $31,240,000 $125,968
    Cash Out Refi 128 $15,500,000 $121,094
    Other 25 $1,285,000 $51,400
    Home Improvement 22 $1,090,000 $49,545

    Centralia's most frequently cited loan purpose was Home Purchase, with 423 originations. The 2nd most popular reason was Refi, with 248 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 285 $34,545,000 $121,211
    2.5-3% 206 $26,820,000 $130,194
    <2.5% 88 $11,000,000 $125,000
    4-5% 29 $3,015,000 $103,966
    Over 8% 9 $505,000 $56,111
    7-8% 3 $235,000 $78,333
    6-7% 2 $170,000 $85,000
    5-6% 2 $130,000 $65,000

    During 2021, Centralia's most frequently originated rate bucket was 3-4%, with 285 originations.

    Loan Sizing (Centralia, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 430 $26,950,000 $62,674
    $100k-200k 318 $44,700,000 $140,566
    $200k-400k 94 $23,740,000 $252,553
    $400k-600k 3 $1,285,000 $428,333
    $600k-1000k 1 $645,000 $645,000

    Centralia's loan sizing saw the bucket of loans from $100,000 or less with 430 originations, totaling $26,950,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 328 $42,720,000 $130,244
    60-80% 178 $22,110,000 $124,213
    40-60% 57 $6,615,000 $116,053
    20-40% 22 $1,270,000 $57,727
    Under 20% 15 $205,000 $13,667
    Over 100% 3 $315,000 $105,000

    Centralia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 328 originations, totaling $42,720,000 in origination value.