CHAMPAIGN - URBANA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Champaign - Urbana averaged
6.83%
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
6.76% and
one month ago for the week of 2024-10-03, the
average rate was 5.86%.
Champaign - Urbana's average rate one year ago was 7.6%.
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% |
| Champaign - Urbana 30 Year Fixed Rate | 2024-11-07 | 6.83% |
| Champaign - Urbana 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Champaign - Urbana 15 Year Fixed Rate | 2024-11-07 | 6.23% |
| Champaign - Urbana 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Champaign - Urbana 30 Year FHA | 2024-11-07 | 6.18% |
| Champaign - Urbana 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Champaign - Urbana 30 Year USDA | 2024-11-07 | 6.28% |
| Champaign - Urbana 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Champaign - Urbana 30 Year VA | 2024-11-07 | 6.27% |
| Champaign - Urbana 30 Year VA Refi | 2024-11-07 | 6.14% |
CHAMPAIGN - URBANA 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 CHAMPAIGN-URBANA, 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.).
CHAMPAIGN - URBANA Average Closing Costs & Other Stats
CHAMPAIGN-URBANA, IL's 120 lenders originated 3,138
loans during 2023. The total origination value was $818,700,000, with an average loan value of
$260,899.
CHAMPAIGN - URBANA's average closing costs are $3,045.
The top CHAMPAIGN - URBANA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
292 loans originated. Their average total fees are
$2,876, which is $472
higher than the next largest lender,
Busey Bank.
The lowest fee CHAMPAIGN - URBANA lenders (with over 10 loans originated) are
UNIVERSITY OF ILLINOIS COMMUNITY ($1,821), First Mid Bank & Trust ($1,852), Marine Bank ($2,120), Heartland Bank and Trust Company ($2,178) and INB ($2,284).
The lowest rate CHAMPAIGN - URBANA lenders (with over 10 loans originated) are
Marine Bank (6.05%), Busey Bank (6.16%), The Huntington National Bank (6.26%), UNIVERSITY OF ILLINOIS COMMUNITY (6.27%) and Heartland Bank and Trust Company (6.45%).
CHAMPAIGN-URBANA, 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 |
|---|---|---|---|---|
| Busey Bank | $217,065,000 | $151,735,000 | -30.1% | 18.5% |
| FLAT BRANCH MORTGAGE, INC. | $88,435,000 | $81,185,000 | -8.2% | 9.9% |
| Morton Community Bank | $70,365,000 | $48,905,000 | -30.5% | 6.0% |
| Old National Bank | $2,250,000 | $43,935,000 | 1,852.7% | 5.4% |
| Iroquois Federal Savings and Loan Association | $54,915,000 | $43,055,000 | -21.6% | 5.3% |
| Hickory Point Bank and Trust | $71,875,000 | $40,450,000 | -43.7% | 4.9% |
| The Fisher National Bank | $30,530,000 | $28,035,000 | -8.2% | 3.4% |
| UNIVERSITY OF ILLINOIS COMMUNITY | $13,865,000 | $19,125,000 | 37.9% | 2.3% |
| First Federal Savings Bank of Champaign-Urbana | $30,875,000 | $17,885,000 | -42.1% | 2.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $29,590,000 | $17,490,000 | -40.9% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $21,860,000 | $15,045,000 | -31.2% | 1.8% |
| First Financial Bank | $5,985,000 | $14,070,000 | 135.1% | 1.7% |
| QUICKEN LOANS, LLC | $21,845,000 | $13,845,000 | -36.6% | 1.7% |
| 1786 | $12,970,000 | n/a | 1.6% | |
| First Mid Bank & Trust | $41,790,000 | $12,920,000 | -69.1% | 1.6% |
| Midland States Bank | $16,000,000 | $11,650,000 | -27.2% | 1.4% |
| INB | $32,975,000 | $11,245,000 | -65.9% | 1.4% |
| Mortgage Research Center, LLC | $9,510,000 | $10,350,000 | 8.8% | 1.3% |
| American Bank of Missouri | $9,745,000 | n/a | 1.2% | |
| JPMorgan Chase Bank | $24,910,000 | $8,580,000 | -65.6% | 1.0% |
| First State Bank | $18,630,000 | $7,545,000 | -59.5% | 0.9% |
| PNC Bank | $12,790,000 | $7,410,000 | -42.1% | 0.9% |
| First State Bank | $18,630,000 | $7,205,000 | -61.3% | 0.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,435,000 | $7,035,000 | 188.9% | 0.9% |
| CBRE MULTIFAMILY CAPITAL, INC. | $6,805,000 | n/a | 0.8% | |
| CIBM Bank | $575,000 | $6,580,000 | 1,044.3% | 0.8% |
| BankChampaign, N.A. | $5,300,000 | n/a | 0.6% | |
| The Gifford State Bank | $5,100,000 | n/a | 0.6% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $5,950,000 | $5,090,000 | -14.5% | 0.6% |
| The Huntington National Bank | $2,925,000 | $4,925,000 | 68.4% | 0.6% |
| Marine Bank | $23,580,000 | $4,715,000 | -80.0% | 0.6% |
| Bank of Springfield | $460,000 | $4,370,000 | 850.0% | 0.5% |
| Prairie State Bank and Trust | $13,695,000 | $4,055,000 | -70.4% | 0.5% |
| ORIX REAL ESTATE CAPITAL, LLC | $3,855,000 | n/a | 0.5% | |
| Heartland Bank and Trust Company | $6,020,000 | $3,760,000 | -37.5% | 0.5% |
| Regions Bank | $4,015,000 | $3,755,000 | -6.5% | 0.5% |
| POINT Mortgage | $3,675,000 | n/a | 0.4% | |
| State Bank of Bement | $3,515,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $2,205,000 | $3,395,000 | 54.0% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,310,000 | $2,765,000 | 19.7% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $3,705,000 | $2,690,000 | -27.4% | 0.3% |
| U.S. Bank | $4,105,000 | $2,505,000 | -39.0% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,335,000 | $2,450,000 | -54.1% | 0.3% |
| Prospect Bank | $27,720,000 | $2,275,000 | -91.8% | 0.3% |
| First State Bank of Forrest | $3,055,000 | $2,230,000 | -27.0% | 0.3% |
| Bank of America | $2,820,000 | $2,195,000 | -22.2% | 0.3% |
| Flagstar Bank, FSB | $2,505,000 | $2,180,000 | -13.0% | 0.3% |
| FRONTIER FINANCIAL, INC. | $2,110,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $3,175,000 | $2,075,000 | -34.6% | 0.3% |
| Wells Fargo Bank | $9,790,000 | $2,000,000 | -79.6% | 0.2% |
| CITIZENS EQUITY FIRST | $2,750,000 | $1,950,000 | -29.1% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $3,460,000 | $1,910,000 | -44.8% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,670,000 | $1,835,000 | -50.0% | 0.2% |
| USAA Federal Savings Bank | $2,555,000 | $1,775,000 | -30.5% | 0.2% |
| GUARANTEED RATE, INC. | $9,690,000 | $1,550,000 | -84.0% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,140,000 | $1,535,000 | 34.6% | 0.2% |
| Associated Bank | $365,000 | $1,455,000 | 298.6% | 0.2% |
| Carrington Mortgage Services, LLC | $2,040,000 | $1,390,000 | -31.9% | 0.2% |
| Farm Credit Mid-America, ACA | $835,000 | $1,330,000 | 59.3% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $715,000 | $1,280,000 | 79.0% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $1,280,000 | $1,220,000 | -4.7% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $1,140,000 | n/a | 0.1% | |
| Discover Bank | $875,000 | $1,120,000 | 28.0% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $675,000 | $1,115,000 | 65.2% | 0.1% |
| PURDUE FEDERAL CREDIT UNION | $740,000 | $1,030,000 | 39.2% | 0.1% |
| NEWREZ LLC | $1,540,000 | $1,025,000 | -33.4% | 0.1% |
| BMO Harris Bank | $125,000 | $1,015,000 | 712.0% | 0.1% |
| UNION HOME MORTGAGE CORP. | $465,000 | $990,000 | 112.9% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $2,025,000 | $975,000 | -51.9% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $3,175,000 | $915,000 | -71.2% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $360,000 | $895,000 | 148.6% | 0.1% |
| American Airlines Federal Credit Union | $275,000 | $835,000 | 203.6% | 0.1% |
| Citizens Bank | $900,000 | $815,000 | -9.4% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $1,255,000 | $815,000 | -35.1% | 0.1% |
| Morgan Stanley Private Bank | $410,000 | $815,000 | 98.8% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $3,635,000 | $795,000 | -78.1% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $735,000 | n/a | 0.1% | |
| Fifth Third Bank | $1,065,000 | $715,000 | -32.9% | 0.1% |
| Bank of Gibson City | $710,000 | n/a | 0.1% | |
| Flanagan State Bank | $515,000 | $695,000 | 35.0% | 0.1% |
| Ally Bank | $765,000 | $680,000 | -11.1% | 0.1% |
| CMG MORTGAGE, INC. | $675,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $1,530,000 | $670,000 | -56.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $550,000 | $665,000 | 20.9% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $145,000 | $635,000 | 337.9% | 0.1% |
| GUILD MORTGAGE COMPANY | $925,000 | $635,000 | -31.4% | 0.1% |
| First Financial Bank | $5,985,000 | $580,000 | -90.3% | 0.1% |
| NexBank | $580,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $300,000 | $570,000 | 90.0% | 0.1% |
| Network Funding, L.P. | $555,000 | n/a | 0.1% | |
| Warren-Boynton State Bank | $545,000 | n/a | 0.1% | |
| Coastal Community Bank | $515,000 | n/a | 0.1% | |
| Catlin Bank | $1,415,000 | $510,000 | -64.0% | 0.1% |
| COMPASS MORTGAGE, INC. | $630,000 | $510,000 | -19.0% | 0.1% |
| Community Mortgage Banc Corporation | $1,135,000 | $505,000 | -55.5% | 0.1% |
| ILLINOIS STATE CREDIT UNION | $115,000 | $500,000 | 334.8% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,175,000 | $490,000 | -58.3% | 0.1% |
| Credit Union 1 | $560,000 | $460,000 | -17.9% | 0.1% |
| Fidelity Bank | $240,000 | $455,000 | 89.6% | 0.1% |
| Petefish, Skiles & Co. | $1,200,000 | $450,000 | -62.5% | 0.1% |
| Service Federal Credit Union | $440,000 | n/a | 0.1% | |
| University of Wisconsin Credit Union | $435,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $425,000 | $415,000 | -2.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $560,000 | $410,000 | -26.8% | 0.1% |
| Simmons Bank | $405,000 | n/a | 0.0% | |
| First Savings Bank | $1,900,000 | $395,000 | -79.2% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $105,000 | $395,000 | 276.2% | 0.0% |
| Equity Prime Mortgage LLC | $490,000 | $370,000 | -24.5% | 0.0% |
| Old Second National Bank | $365,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $250,000 | $350,000 | 40.0% | 0.0% |
| NBKC BANK | $745,000 | $350,000 | -53.0% | 0.0% |
| Baxter Credit Union | $600,000 | $345,000 | -42.5% | 0.0% |
| First Federal Bank of the Midwest | $340,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $335,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $335,000 | n/a | 0.0% | |
| Municipal Trust and Savings Bank | $335,000 | n/a | 0.0% | |
| Deseret First Credit Union | $325,000 | n/a | 0.0% | |
| National Bank of St. Anne | $325,000 | n/a | 0.0% | |
| Cathay Bank | $320,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $315,000 | n/a | 0.0% | |
| The Federal Savings Bank | $1,280,000 | $315,000 | -75.4% | 0.0% |
| Commerce Bank | $6,665,000 | $310,000 | -95.3% | 0.0% |
| Clear Mountain Bank | $305,000 | n/a | 0.0% | |
| NP, Inc. | $305,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $25,000 | $300,000 | 1,100.0% | 0.0% |
| Figure Lending LLC | $170,000 | $300,000 | 76.5% | 0.0% |
| Key Mortgage Services, Inc. | $295,000 | n/a | 0.0% | |
| Grundy Bank | $290,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $825,000 | $290,000 | -64.8% | 0.0% |
| First National Bank of America | $165,000 | $275,000 | 66.7% | 0.0% |
| Merchants and Manufacturers Bank | $275,000 | n/a | 0.0% | |
| M&T Bank | $250,000 | $275,000 | 10.0% | 0.0% |
| CALIBER HOME LOANS, INC. | $2,330,000 | $265,000 | -88.6% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $265,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $265,000 | n/a | 0.0% | |
| Carrollton Bank | $75,000 | $255,000 | 240.0% | 0.0% |
| International Bank of Chicago | $885,000 | $255,000 | -71.2% | 0.0% |
| HEARTLAND | $165,000 | $250,000 | 51.5% | 0.0% |
| KELLER MORTGAGE, LLC | $2,030,000 | $250,000 | -87.7% | 0.0% |
| CONSUMERS COOPERATIVE CREDIT UNION | $95,000 | $245,000 | 157.9% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $200,000 | $225,000 | 12.5% | 0.0% |
| The Loan Store, Inc. | $225,000 | n/a | 0.0% | |
| Neighborhood Loans, Inc. | $210,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $210,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $140,000 | $210,000 | 50.0% | 0.0% |
| ALLIANT CREDIT UNION | $110,000 | $205,000 | 86.4% | 0.0% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $205,000 | $205,000 | 0.0% | 0.0% |
| Bank of England | $445,000 | $205,000 | -53.9% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $205,000 | n/a | 0.0% | |
| FIRST COMMUNITY | $205,000 | n/a | 0.0% | |
| State Bank of Graymont | $330,000 | $200,000 | -39.4% | 0.0% |
| Farmers State Bank of Alto Pass | $195,000 | n/a | 0.0% | |
| IAA Credit Union | $165,000 | $195,000 | 18.2% | 0.0% |
| Fortress Bank | $190,000 | n/a | 0.0% | |
| ROSS MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| Allied First Bank,sb | $65,000 | $180,000 | 176.9% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| First Federal Savings Bank | $165,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $245,000 | $165,000 | -32.7% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $160,000 | n/a | 0.0% | |
| The Central Trust Bank | $155,000 | n/a | 0.0% | |
| NORTHWEST BANK OF ROCKFORD | $245,000 | $145,000 | -40.8% | 0.0% |
| PHH Mortgage Corporation | $135,000 | $145,000 | 7.4% | 0.0% |
| Plains Commerce Bank | $145,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $145,000 | 93.3% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $240,000 | $135,000 | -43.8% | 0.0% |
| Scott State Bank | $145,000 | $130,000 | -10.3% | 0.0% |
| Dieterich Bank | $125,000 | n/a | 0.0% | |
| DECATUR EARTHMOVER CREDIT UNION | $390,000 | $120,000 | -69.2% | 0.0% |
| AMWEST FUNDING CORP. | $105,000 | $115,000 | 9.5% | 0.0% |
| RBC Bank, (Georgia) | $115,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $105,000 | n/a | 0.0% | |
| JUSTICE Federal Credit Union | $105,000 | n/a | 0.0% | |
| The First National Bank of Pandora | $105,000 | n/a | 0.0% | |
| Blue Ridge Bank | $95,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $95,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $85,000 | n/a | 0.0% | |
| Princeton Federal Credit Union | $75,000 | n/a | 0.0% | |
| Farmers Bank and Trust Company | $65,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $155,000 | $55,000 | -64.5% | 0.0% |
| THRIVENT Federal Credit Union | $90,000 | $45,000 | -50.0% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
| First National Bank of Pana | $35,000 | n/a | 0.0% | |
| TrustBank | $35,000 | n/a | 0.0% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $25,000 | n/a | 0.0% | |
| First Farmers Bank and Trust Company | $15,000 | n/a | 0.0% | |
| FOUR POINTS | $15,000 | n/a | 0.0% |
CHAMPAIGN - URBANA's top lender by overall market share is Busey Bank, with 18.5% market share. In second place, with 9.9%, is FLAT BRANCH MORTGAGE, INC., having originated $81,185,000 in loans. In third place, with 6.0%, is Morton Community Bank, having originated $48,905,000 in loans. In fourth place, with 5.4%, is Old National Bank, having originated $43,935,000 in loans. In fifth place, with 5.3%, is Iroquois Federal Savings and Loan Association, having originated $43,055,000 in loans.
CHAMPAIGN-URBANA, IL Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 60936 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,330 |
| 60949 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 60957 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 60960 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61801 | Champaign-Urbana, IL MSA | $870 | $870 | $1,030 | $1,330 | $1,380 |
| 61802 | Champaign-Urbana, IL MSA | $830 | $840 | $990 | $1,280 | $1,330 |
| 61803 | Champaign-Urbana, IL MSA | $870 | $870 | $1,030 | $1,330 | $1,380 |
| 61810 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61813 | Champaign-Urbana, IL MSA | $750 | $750 | $890 | $1,150 | $1,200 |
| 61815 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61816 | Champaign-Urbana, IL MSA | $850 | $850 | $1,010 | $1,310 | $1,360 |
| 61818 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61820 | Champaign-Urbana, IL MSA | $950 | $960 | $1,130 | $1,460 | $1,520 |
| 61821 | Champaign-Urbana, IL MSA | $950 | $960 | $1,130 | $1,460 | $1,520 |
| 61822 | Champaign-Urbana, IL MSA | $1,130 | $1,130 | $1,340 | $1,740 | $1,800 |
| 61824 | Champaign-Urbana, IL MSA | $870 | $870 | $1,030 | $1,330 | $1,380 |
| 61825 | Champaign-Urbana, IL MSA | $870 | $870 | $1,030 | $1,330 | $1,380 |
| 61826 | Champaign-Urbana, IL MSA | $870 | $870 | $1,030 | $1,330 | $1,380 |
| 61830 | Champaign-Urbana, IL MSA | $760 | $760 | $900 | $1,170 | $1,210 |
| 61839 | Champaign-Urbana, IL MSA | $760 | $760 | $900 | $1,170 | $1,210 |
| 61840 | Champaign-Urbana, IL MSA | $860 | $870 | $1,020 | $1,310 | $1,380 |
| 61842 | Champaign-Urbana, IL MSA | $780 | $840 | $1,020 | $1,400 | $1,540 |
| 61843 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,330 |
| 61844 | Champaign-Urbana, IL MSA | $750 | $750 | $960 | $1,220 | $1,290 |
| 61845 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,330 |
| 61847 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61849 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61851 | Champaign-Urbana, IL MSA | $760 | $770 | $910 | $1,180 | $1,220 |
| 61852 | Champaign-Urbana, IL MSA | $820 | $820 | $980 | $1,270 | $1,310 |
| 61853 | Champaign-Urbana, IL MSA | $980 | $990 | $1,170 | $1,520 | $1,570 |
| 61854 | Champaign-Urbana, IL MSA | $860 | $860 | $1,020 | $1,320 | $1,370 |
| 61855 | Champaign-Urbana, IL MSA | $760 | $760 | $900 | $1,170 | $1,220 |
| 61856 | Champaign-Urbana, IL MSA | $940 | $950 | $1,120 | $1,450 | $1,500 |
| 61859 | Champaign-Urbana, IL MSA | $990 | $1,000 | $1,180 | $1,530 | $1,590 |
| 61862 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61863 | Champaign-Urbana, IL MSA | $930 | $940 | $1,110 | $1,440 | $1,490 |
| 61864 | Champaign-Urbana, IL MSA | $830 | $840 | $990 | $1,280 | $1,330 |
| 61866 | Champaign-Urbana, IL MSA | $770 | $780 | $920 | $1,190 | $1,240 |
| 61871 | Champaign-Urbana, IL MSA | $880 | $890 | $1,050 | $1,360 | $1,420 |
| 61872 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61873 | Champaign-Urbana, IL MSA | $750 | $750 | $890 | $1,150 | $1,200 |
| 61874 | Champaign-Urbana, IL MSA | $840 | $850 | $1,000 | $1,300 | $1,340 |
| 61875 | Champaign-Urbana, IL MSA | $950 | $950 | $1,130 | $1,460 | $1,510 |
| 61877 | Champaign-Urbana, IL MSA | $880 | $890 | $1,050 | $1,360 | $1,410 |
| 61878 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61880 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61882 | Champaign-Urbana, IL MSA | $750 | $750 | $920 | $1,280 | $1,360 |
| 61884 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61913 | Champaign-Urbana, IL MSA | $770 | $780 | $920 | $1,190 | $1,240 |
| 61929 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61936 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61937 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
| 61953 | Champaign-Urbana, IL MSA | $870 | $870 | $1,030 | $1,330 | $1,380 |
| 61956 | Champaign-Urbana, IL MSA | $750 | $750 | $880 | $1,130 | $1,200 |
2022 Average & Median Rent Data Statistics
CHAMPAIGN-URBANA, IL average 1BR rent: $820, median: $765
CHAMPAIGN-URBANA, IL average 2BR rent: $969, median: $920
CHAMPAIGN-URBANA, IL average 3BR rent: $1,254, median: $1,190
CHAMPAIGN-URBANA, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,296 | $525,910,000 | $229,055 |
| Refi | 289 | $209,205,000 | $723,893 |
| Other | 204 | $15,220,000 | $74,608 |
| Cash Out Refi | 197 | $40,205,000 | $204,086 |
| Home Improvement | 152 | $28,160,000 | $185,263 |
Champaign - Urbana's most frequently cited loan purpose was Home Purchase, with 2,296 originations. The 2nd most popular reason was Refi, with 289 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,033 | $269,585,000 | $260,973 |
| 7-8% | 674 | $188,430,000 | $279,570 |
| 5-6% | 428 | $181,410,000 | $423,855 |
| Over 8% | 332 | $52,950,000 | $159,488 |
| <2.5% | 47 | $4,685,000 | $99,681 |
| 4-5% | 15 | $4,285,000 | $285,667 |
| 3-4% | 8 | $1,100,000 | $137,500 |
| 2.5-3% | 2 | $160,000 | $80,000 |
During 2023, Champaign - Urbana's most frequently originated rate bucket was 6-7%, with 1,033 originations.
Loan Sizing (CHAMPAIGN-URBANA, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,247 | $181,915,000 | $145,882 |
| $100,000 or less | 914 | $51,990,000 | $56,882 |
| $200k-400k | 774 | $211,050,000 | $272,674 |
| $400k-600k | 130 | $61,050,000 | $469,615 |
| $600k-1000k | 45 | $33,935,000 | $754,111 |
| $Over $1MM | 28 | $278,760,000 | $9,955,714 |
CHAMPAIGN - URBANA's loan sizing saw the bucket of loans from $100k-200k with 1,247 originations, totaling $181,915,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,255 | $261,135,000 | $208,076 |
| 60-80% | 624 | $214,570,000 | $343,862 |
| Under 20% | 228 | $18,780,000 | $82,368 |
| 20-40% | 204 | $88,880,000 | $435,686 |
| 40-60% | 180 | $103,470,000 | $574,833 |
| Over 100% | 29 | $10,885,000 | $375,345 |
CHAMPAIGN - URBANA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,255 originations, totaling $261,135,000 in origination value.