Charleston - Mattoon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Charleston - Mattoon averaged
6.83%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.73% and
one month ago for the week of 2025-05-29, the
average rate was 6.85%.
Charleston - Mattoon's average rate one year ago was 7.02%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.67%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Charleston - Mattoon 30 Year Fixed Rate | 2025-07-03 | 6.83% |
| Charleston - Mattoon 30 Year Fixed Rate Refi | 2025-07-03 | 6.67% |
| Charleston - Mattoon 15 Year Fixed Rate | 2025-07-03 | 5.9% |
| Charleston - Mattoon 15 Year Fixed Rate Refi | 2025-07-03 | 6.4% |
| Charleston - Mattoon 30 Year FHA | 2025-07-03 | 0% |
| Charleston - Mattoon 30 Year FHA Refi | 2025-07-03 | 0% |
| Charleston - Mattoon 30 Year USDA | 2025-07-03 | -0.2% |
| Charleston - Mattoon 30 Year USDA Refi | 2025-07-03 | 0.2% |
| Charleston - Mattoon 30 Year VA | 2025-07-03 | 0.2% |
| Charleston - Mattoon 30 Year VA Refi | 2025-07-03 | 0.1% |
Charleston - Mattoon 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 Charleston-Mattoon, 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.).
Charleston - Mattoon Average Closing Costs & Other Stats
Charleston-Mattoon, IL's 48 lenders originated 621
loans during 2024. The total origination value was $82,585,000, with an average loan value of
$132,987.
Charleston - Mattoon's average closing costs are $3,336.
The top Charleston - Mattoon lender as defined by loan originations is First Mid Bank & Trust, with
70 loans originated. Their average total fees are
$2,138, which is $299
higher than the next largest lender,
Prairie State Bank and Trust.
The lowest fee Charleston - Mattoon lenders (with over 10 loans originated) are
Prairie State Bank and Trust ($1,839), First Mid Bank & Trust ($2,138), FLAT BRANCH MORTGAGE, INC. ($3,078), QUICKEN LOANS, LLC ($4,524) and .
The lowest rate Charleston - Mattoon lenders (with over 10 loans originated) are
Prairie State Bank and Trust (6.50%), First Mid Bank & Trust (6.68%), FLAT BRANCH MORTGAGE, INC. (6.79%), QUICKEN LOANS, LLC (6.95%) and .
Charleston-Mattoon, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| First Mid Bank & Trust | $13,265,000 | $22,485,000 | 69.5% | 27.2% |
| Prairie State Bank and Trust | $3,265,000 | $5,145,000 | 57.6% | 6.2% |
| FLAT BRANCH MORTGAGE, INC. | $6,380,000 | $4,520,000 | -29.2% | 5.5% |
| QUICKEN LOANS, LLC | $4,320,000 | $4,425,000 | 2.4% | 5.4% |
| Mortgage Research Center, LLC | $3,680,000 | $3,350,000 | -9.0% | 4.1% |
| BROKER SOLUTIONS, INC. | $320,000 | $3,265,000 | 920.3% | 4.0% |
| Dieterich Bank | $1,135,000 | $2,505,000 | 120.7% | 3.0% |
| U.S. Bank | $620,000 | $2,065,000 | 233.1% | 2.5% |
| PENNYMAC LOAN SERVICES, LLC | $525,000 | $2,060,000 | 292.4% | 2.5% |
| FREEDOM MORTGAGE CORPORATION | $195,000 | $1,585,000 | 712.8% | 1.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $380,000 | $1,505,000 | 296.1% | 1.8% |
| First Financial Bank | $115,000 | $1,465,000 | 1,173.9% | 1.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,725,000 | $1,405,000 | -18.6% | 1.7% |
| Bank of Hillsboro | $1,320,000 | n/a | 1.6% | |
| Farm Credit Mid-America, ACA | $480,000 | $1,260,000 | 162.5% | 1.5% |
| First State Bank | $75,000 | $1,260,000 | 1,580.0% | 1.5% |
| Midland States Bank | $475,000 | $985,000 | 107.4% | 1.2% |
| Community Mortgage Banc Corporation | $1,020,000 | $900,000 | -11.8% | 1.1% |
| Fifth Third Bank | $1,175,000 | $850,000 | -27.7% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $785,000 | n/a | 1.0% | |
| NAVY FEDERAL CREDIT UNION | $845,000 | $735,000 | -13.0% | 0.9% |
| The Huntington National Bank | $210,000 | $710,000 | 238.1% | 0.9% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $705,000 | n/a | 0.9% | |
| TRIAD FINANCIAL SERVICES, INC. | $1,295,000 | $705,000 | -45.6% | 0.9% |
| Busey Bank | $565,000 | $695,000 | 23.0% | 0.8% |
| Petefish, Skiles & Co. | $95,000 | $640,000 | 573.7% | 0.8% |
| 1786 | $1,245,000 | $620,000 | -50.2% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $540,000 | $605,000 | 12.0% | 0.7% |
| GERSHMAN INVESTMENT CORP. | $430,000 | $570,000 | 32.6% | 0.7% |
| Iroquois Federal Savings and Loan Association | $4,700,000 | $560,000 | -88.1% | 0.7% |
| ZILLOW HOME LOANS, LLC | $315,000 | $540,000 | 71.4% | 0.7% |
| ROYAL UNITED MORTGAGE LLC | $85,000 | $455,000 | 435.3% | 0.6% |
| CITIZENS EQUITY FIRST | $160,000 | $435,000 | 171.9% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $285,000 | $420,000 | 47.4% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $370,000 | n/a | 0.4% | |
| Arvest Bank | $350,000 | $365,000 | 4.3% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $175,000 | $340,000 | 94.3% | 0.4% |
| Heritage Bank | $325,000 | n/a | 0.4% | |
| NEW DAY FINANCIAL, LLC | $165,000 | $320,000 | 93.9% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $315,000 | n/a | 0.4% | |
| Heartland Bank and Trust Company | $1,010,000 | $310,000 | -69.3% | 0.4% |
| PNC Bank | $165,000 | $310,000 | 87.9% | 0.4% |
| PREMIA MORTGAGE, LLC | $295,000 | n/a | 0.4% | |
| Morton Community Bank | $2,140,000 | $275,000 | -87.1% | 0.3% |
| STOCKTON MORTGAGE CORPORATION | $255,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $580,000 | $250,000 | -56.9% | 0.3% |
| Wells Fargo Bank | $570,000 | $250,000 | -56.1% | 0.3% |
| AXIA FINANCIAL, LLC | $245,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $510,000 | $245,000 | -52.0% | 0.3% |
| USAA Federal Savings Bank | $695,000 | $225,000 | -67.6% | 0.3% |
| First Farmers Bank and Trust Company | $255,000 | $215,000 | -15.7% | 0.3% |
| Nations Lending Corporation | $330,000 | $215,000 | -34.8% | 0.3% |
| Discover Bank | $65,000 | $210,000 | 223.1% | 0.3% |
| United Community Bank | $595,000 | $210,000 | -64.7% | 0.3% |
| The Peoples State Bank of Newton, Illinois | $205,000 | n/a | 0.2% | |
| Bankers' Bank | $195,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $520,000 | $195,000 | -62.5% | 0.2% |
| POINT Mortgage | $195,000 | n/a | 0.2% | |
| Flanagan State Bank | $180,000 | n/a | 0.2% | |
| First National Bank of Pana | $400,000 | $175,000 | -56.3% | 0.2% |
| Prospect Bank | $275,000 | $170,000 | -38.2% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $165,000 | n/a | 0.2% | |
| NBKC BANK | $225,000 | $165,000 | -26.7% | 0.2% |
| Bank of Springfield | $125,000 | $160,000 | 28.0% | 0.2% |
| First National Bank of Waterloo | $805,000 | $155,000 | -80.7% | 0.2% |
| PLANET HOME LENDING, LLC | $155,000 | n/a | 0.2% | |
| Northwest Bank | $145,000 | n/a | 0.2% | |
| Truist | $145,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $135,000 | n/a | 0.2% | |
| ILLINOIS STATE CREDIT UNION | $135,000 | n/a | 0.2% | |
| Regions Bank | $135,000 | n/a | 0.2% | |
| Figure Lending LLC | $125,000 | $130,000 | 4.0% | 0.2% |
| Flagstar Bank, FSB | $310,000 | $130,000 | -58.1% | 0.2% |
| DECATUR EARTHMOVER CREDIT UNION | $125,000 | $125,000 | 0.0% | 0.2% |
| First State Bank of Forrest | $125,000 | n/a | 0.2% | |
| Scott State Bank | $105,000 | $125,000 | 19.0% | 0.2% |
| LOANDEPOT.COM, LLC | $115,000 | n/a | 0.1% | |
| Coastal Community Bank | $110,000 | n/a | 0.1% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $350,000 | $105,000 | -70.0% | 0.1% |
| Municipal Trust and Savings Bank | $105,000 | n/a | 0.1% | |
| BMO Harris Bank | $95,000 | n/a | 0.1% | |
| The Fisher National Bank | $665,000 | $95,000 | -85.7% | 0.1% |
| EVANSVILLE TEACHERS | $100,000 | $85,000 | -15.0% | 0.1% |
| Mid-Continent Funding, Inc. | $85,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $85,000 | n/a | 0.1% | |
| RUOFF MORTGAGE COMPANY, INC. | $460,000 | $85,000 | -81.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $155,000 | $75,000 | -51.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $75,000 | n/a | 0.1% | |
| CORPORATE AMERICA FAMILY | $65,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $65,000 | n/a | 0.1% | |
| UNIVERSITY OF ILLINOIS COMMUNITY | $65,000 | n/a | 0.1% | |
| Credit Union 1 | $60,000 | n/a | 0.1% | |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $55,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $55,000 | n/a | 0.1% | |
| Buena Vista National Bank | $35,000 | n/a | 0.0% |
Charleston - Mattoon's top lender by overall market share is First Mid Bank & Trust, with 27.2% market share. In second place, with 6.2%, is Prairie State Bank and Trust, having originated $5,145,000 in loans. In third place, with 5.5%, is FLAT BRANCH MORTGAGE, INC., having originated $4,520,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $4,425,000 in loans. In fifth place, with 4.1%, is Mortgage Research Center, LLC, having originated $3,350,000 in loans.
Charleston-Mattoon, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 433 | $64,815,000 | $149,688 |
| Refi | 57 | $8,075,000 | $141,667 |
| Home Improvement | 49 | $2,505,000 | $51,122 |
| Cash Out Refi | 43 | $4,775,000 | $111,047 |
| Other | 39 | $2,415,000 | $61,923 |
Charleston - Mattoon's most frequently cited loan purpose was Home Purchase, with 433 originations. The 2nd most popular reason was Refi, with 57 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 260 | $36,310,000 | $139,654 |
| 7-8% | 166 | $25,060,000 | $150,964 |
| Over 8% | 90 | $6,280,000 | $69,778 |
| 5-6% | 52 | $7,750,000 | $149,038 |
| <2.5% | 5 | $45,000 | $9,000 |
| 4-5% | 4 | $700,000 | $175,000 |
| 2.5-3% | 1 | $125,000 | $125,000 |
During 2024, Charleston - Mattoon's most frequently originated rate bucket was 6-7%, with 260 originations.
Loan Sizing (Charleston-Mattoon, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 284 | $15,450,000 | $54,401 |
| $100k-200k | 243 | $33,175,000 | $136,523 |
| $200k-400k | 81 | $21,125,000 | $260,802 |
| $400k-600k | 8 | $3,870,000 | $483,750 |
| $600k-1000k | 3 | $1,985,000 | $661,667 |
| $Over $1MM | 2 | $6,980,000 | $3,490,000 |
Charleston - Mattoon's loan sizing saw the bucket of loans from $100,000 or less with 284 originations, totaling $15,450,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 285 | $43,025,000 | $150,965 |
| 60-80% | 102 | $18,800,000 | $184,314 |
| 20-40% | 73 | $4,645,000 | $63,630 |
| 40-60% | 38 | $4,670,000 | $122,895 |
| Under 20% | 34 | $960,000 | $28,235 |
| Over 100% | 7 | $1,155,000 | $165,000 |
Charleston - Mattoon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 285 originations, totaling $43,025,000 in origination value.