Charleston - Mattoon Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Charleston-Mattoon, IL.

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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
First Mid Bank & Trust 70 6.68% $2,138
Prairie State Bank and Trust 26 6.50% $1,839
QUICKEN LOANS, LLC 18 6.95% $4,524
FLAT BRANCH MORTGAGE, INC. 16 6.79% $3,078
BROKER SOLUTIONS, INC. 9 7.23% $3,700
First Financial Bank 8 6.67% $2,805
U.S. Bank 8 6.97% $2,564
CROSSCOUNTRY MORTGAGE, LLC 4 7.02% $3,167
Farm Credit Mid-America, ACA 4 7.13% $5,420
Petefish, Skiles & Co. 4 6.66% $3,102
Midland States Bank 4 7.38% $2,595
NAVY FEDERAL CREDIT UNION 3 6.63% $2,230
ZILLOW HOME LOANS, LLC 3 7.42% $3,555
Community Mortgage Banc Corporation 3 6.58% $2,904
Busey Bank 3 6.71% $2,366
ROYAL UNITED MORTGAGE LLC 2 7.19% $6,389
CITIZENS EQUITY FIRST 2 6.81% $1,420
Fifth Third Bank 2 6.25% $2,743
JPMorgan Chase Bank 2 7.68% $2,185
First National Bank of Waterloo 1 6.50% $2,525
Heartland Bank and Trust Company 1 7.13% $2,621
ILLINOIS STATE CREDIT UNION 1 6.25% $2,048
Arvest Bank 1 7.13% $4,401
LAKEVIEW LOAN SERVICING, LLC 1 7.63% $7,016
LOANDEPOT.COM, LLC 1 6.63% $6,291
First Farmers Bank and Trust Company 1 6.63% $2,044
Mortgage Research Center, LLC 1 6.63% $8,598
Morton Community Bank 1 6.00% $2,276
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.99% $3,342
Nations Lending Corporation 1 5.50% $8,851
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.99% $4,189
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $3,414
Northwest Bank 1 6.75% $3,281
PENNYMAC LOAN SERVICES, LLC 1 7.12% $6,142
Discover Bank 1 6.98% $0
PNC Bank 1 6.50% $2,423
POINT Mortgage 1 6.63% $3,491
DECATUR EARTHMOVER CREDIT UNION 1 6.60% $2,354
PREMIA MORTGAGE, LLC 1 7.63% $962
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.49% $3,662
CORPORATE AMERICA FAMILY 1 6.63% $3,385
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.38% $2,910
RUOFF MORTGAGE COMPANY, INC. 1 6.50% $2,858
The Huntington National Bank 1 6.85% $2,751
Truist 1 7.63% $2,035
UNITED WHOLESALE MORTGAGE, LLC 1 7.63% $2,068
CHURCHILL MORTGAGE CORPORATION 1 6.63% $4,000
Flagstar Bank, FSB 1 7.63% $3,224

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.