DANVILLE Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Danville averaged 7.07% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2025-06-12) was 6.8% and one month ago for the week of 2025-05-15, the average rate was 6.77%.

Danville's average rate one year ago was 7.31%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.01%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Danville 30 Year Fixed Rate 2025-06-18 7.07%
Danville 30 Year Fixed Rate Refi 2025-06-18 7.01%
Danville 15 Year Fixed Rate 2025-06-18 6.16%
Danville 15 Year Fixed Rate Refi 2025-06-18 6.36%
Danville 30 Year FHA 2025-06-18 0.62%
Danville 30 Year FHA Refi 2025-06-18 -0.2%
Danville 30 Year USDA 2025-06-18 0.1%
Danville 30 Year USDA Refi 2025-06-18 -0.2%
Danville 30 Year VA 2025-06-18 0%
Danville 30 Year VA Refi 2025-06-18 0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within DANVILLE, IL.

DANVILLE 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 DANVILLE, 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
CROSSCOUNTRY MORTGAGE, LLC 24 7.06% $4,959
FLAT BRANCH MORTGAGE, INC. 21 6.69% $2,904
BROKER SOLUTIONS, INC. 13 7.04% $3,206
QUICKEN LOANS, LLC 13 6.83% $4,679
First Financial Bank 9 6.65% $2,920
Busey Bank 8 6.31% $2,667
First Farmers Bank and Trust Company 8 7.02% $2,329
First Financial Bank 6 7.50% $3,004
UNIVERSITY OF ILLINOIS COMMUNITY 6 6.85% $1,930
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.94% $3,109
JPMorgan Chase Bank 4 6.56% $2,416
Prairie State Bank and Trust 3 6.29% $1,801
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.37% $4,931
POINT Mortgage 2 6.38% $3,225
Mortgage Research Center, LLC 2 7.00% $1,596
NAVY FEDERAL CREDIT UNION 2 6.88% $3,337
ROYAL UNITED MORTGAGE LLC 2 7.50% $6,441
U.S. Bank 2 6.56% $2,579
Wolfe Financial, Inc 2 6.81% $3,163
First Mid Bank & Trust 1 6.25% $2,318
First National Bank of America 1 11.63% $12,198
Carrington Mortgage Services, LLC 1 6.63% $4,360
GUARANTEED RATE, INC. 1 8.00% $4,414
GUILD MORTGAGE COMPANY 1 6.99% $3,581
GVC MORTGAGE, INC. 1 7.63% $4,305
Heartland Bank and Trust Company 1 7.50% $2,553
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $2,472
HOMESIDE FINANCIAL, LLC 1 7.00% $3,014
INB 1 6.63% $2,268
BETTER MORTGAGE CORPORATION 1 8.13% $2,820
MEMBER FIRST MORTGAGE, LLC 1 6.50% $3,261
Midland States Bank 1 6.63% $3,127
MORTGAGE CENTER L.C 1 5.88% $3,540
ALLIANT CREDIT UNION 1 6.38% $3,359
Morton Community Bank 1 7.13% $2,081
MOVEMENT MORTGAGE, LLC 1 6.50% $3,200
Nations Lending Corporation 1 6.50% $1,282
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.50% $3,746
USAA Federal Savings Bank 1 6.50% $5,034
NexBank 1 6.13% $2,363
Petefish, Skiles & Co. 1 6.50% $2,349
PNC Bank 1 6.88% $2,772
ALAMEDA MORTGAGE CORPORATION 1 6.00% $5,753
Bank of Pontiac 1 6.25% $2,523
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $1,970
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $12,590
PURDUE FEDERAL CREDIT UNION 1 6.13% $2,600
American Mortgage & Equity Consultants, Inc. 1 6.99% $3,970
ZILLOW HOME LOANS, LLC 1 7.50% $2,701
UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $3,397
Discover Bank 1 8.06% $0
Farm Credit Mid-America, ACA 1 6.63% $8,215
CMG MORTGAGE, INC. 1 6.00% $2,833
CHEVRON 1 6.38% $532
Centier Bank 1 6.25% $9,210

DANVILLE Average Closing Costs & Other Stats

DANVILLE, IL's 55 lenders originated 929 loans during 2024. The total origination value was $112,665,000, with an average loan value of $121,276.

DANVILLE's average closing costs are $3,684.

The top DANVILLE lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 24 loans originated. Their average total fees are $4,959, which is $2,055 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

The lowest fee DANVILLE lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($2,904), BROKER SOLUTIONS, INC. ($3,206), QUICKEN LOANS, LLC ($4,679), CROSSCOUNTRY MORTGAGE, LLC ($4,959) and .

The lowest rate DANVILLE lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.69%), QUICKEN LOANS, LLC (6.83%), BROKER SOLUTIONS, INC. (7.04%), CROSSCOUNTRY MORTGAGE, LLC (7.06%) and .

DANVILLE, 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
The Fisher National Bank $8,505,000 $13,990,000 64.5% 12.4%
1786 $6,450,000 $11,340,000 75.8% 10.1%
Iroquois Federal Savings and Loan Association $7,185,000 $10,355,000 44.1% 9.2%
Merchants Bank of Indiana $9,105,000 n/a 8.1%
CROSSCOUNTRY MORTGAGE, LLC $7,850,000 $7,570,000 -3.6% 6.7%
FLAT BRANCH MORTGAGE, INC. $8,730,000 $5,970,000 -31.6% 5.3%
QUICKEN LOANS, LLC $4,565,000 $4,270,000 -6.5% 3.8%
BROKER SOLUTIONS, INC. $310,000 $3,665,000 1,082.3% 3.3%
Mortgage Research Center, LLC $4,480,000 $3,495,000 -22.0% 3.1%
First Farmers Bank and Trust Company $2,725,000 $2,375,000 -12.8% 2.1%
First Financial Bank $320,000 $2,375,000 642.2% 2.1%
The Gifford State Bank $3,160,000 $2,305,000 -27.1% 2.0%
FIRST STATE MORTGAGE SERVICES, LLC $910,000 $2,290,000 151.6% 2.0%
PENNYMAC LOAN SERVICES, LLC $315,000 $1,890,000 500.0% 1.7%
UNITED WHOLESALE MORTGAGE, LLC $910,000 $1,765,000 94.0% 1.6%
Old National Bank $2,695,000 $1,645,000 -39.0% 1.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $415,000 $1,055,000 154.2% 0.9%
NEW DAY FINANCIAL, LLC $430,000 $1,050,000 144.2% 0.9%
Busey Bank $1,710,000 $995,000 -41.8% 0.9%
NAVY FEDERAL CREDIT UNION $720,000 $965,000 34.0% 0.9%
FREEDOM MORTGAGE CORPORATION $55,000 $950,000 1,627.3% 0.8%
First Financial Bank $320,000 $900,000 181.3% 0.8%
AMERICAN PACIFIC MORTGAGE CORPORATION $810,000 $835,000 3.1% 0.7%
Farm Credit Mid-America, ACA $155,000 $760,000 390.3% 0.7%
NEWREZ LLC $590,000 $655,000 11.0% 0.6%
USAA Federal Savings Bank $410,000 $625,000 52.4% 0.6%
UNIVERSITY OF ILLINOIS COMMUNITY $550,000 $620,000 12.7% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $790,000 $605,000 -23.4% 0.5%
JPMorgan Chase Bank $375,000 $605,000 61.3% 0.5%
Heartland Bank and Trust Company $270,000 $555,000 105.6% 0.5%
Terre Haute Savings Bank $260,000 $555,000 113.5% 0.5%
First National Bank of America $105,000 $525,000 400.0% 0.5%
MEMBER FIRST MORTGAGE, LLC $190,000 $490,000 157.9% 0.4%
First State Bank $375,000 $475,000 26.7% 0.4%
Prospect Bank $250,000 $475,000 90.0% 0.4%
Barrington Bank & Trust Company, N.A. $115,000 $465,000 304.3% 0.4%
Prairie State Bank and Trust $365,000 $450,000 23.3% 0.4%
AMERISAVE MORTGAGE CORPORATION $75,000 $435,000 480.0% 0.4%
LOANDEPOT.COM, LLC $445,000 $435,000 -2.2% 0.4%
Mid-Continent Funding, Inc. $405,000 n/a 0.4%
U.S. Bank $450,000 $390,000 -13.3% 0.3%
POINT Mortgage $380,000 $385,000 1.3% 0.3%
Wolfe Financial, Inc $375,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $610,000 $370,000 -39.3% 0.3%
Kentland Bank $365,000 n/a 0.3%
First State Bank $375,000 $345,000 -8.0% 0.3%
FIRST COLONY MORTGAGE CORPORATION $325,000 n/a 0.3%
Equity Prime Mortgage LLC $240,000 $320,000 33.3% 0.3%
Centier Bank $305,000 n/a 0.3%
PNC Bank $310,000 $305,000 -1.6% 0.3%
Carrington Mortgage Services, LLC $290,000 $295,000 1.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $290,000 $290,000 0.0% 0.3%
CIBM Bank $55,000 $270,000 390.9% 0.2%
21ST MORTGAGE CORPORATION $370,000 $260,000 -29.7% 0.2%
GUARANTEED RATE, INC. $120,000 $250,000 108.3% 0.2%
Morton Community Bank $220,000 $235,000 6.8% 0.2%
Dieterich Bank $135,000 $230,000 70.4% 0.2%
NexBank $225,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $225,000 n/a 0.2%
Bank of Springfield $105,000 $220,000 109.5% 0.2%
CMG MORTGAGE, INC. $220,000 n/a 0.2%
Bank of Pontiac $205,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $355,000 $205,000 -42.3% 0.2%
NEXERA HOLDING LLC $205,000 n/a 0.2%
Truist $195,000 n/a 0.2%
LEADERONE FINANCIAL CORPORATION $185,000 n/a 0.2%
TRIAD FINANCIAL SERVICES, INC. $340,000 $185,000 -45.6% 0.2%
MLD MORTGAGE INC. $180,000 n/a 0.2%
ALAMEDA MORTGAGE CORPORATION $175,000 n/a 0.2%
ALLIANT CREDIT UNION $165,000 n/a 0.1%
Figure Lending LLC $35,000 $165,000 371.4% 0.1%
First Savings Bank $165,000 n/a 0.1%
GUILD MORTGAGE COMPANY $165,000 n/a 0.1%
MORTGAGE CENTER L.C $165,000 n/a 0.1%
CHEVRON $145,000 n/a 0.1%
Discover Bank $155,000 $145,000 -6.5% 0.1%
SPRING EQ, LLC $145,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $55,000 $145,000 163.6% 0.1%
ALLIED MORTGAGE GROUP, INC. $135,000 n/a 0.1%
PURDUE FEDERAL CREDIT UNION $165,000 $135,000 -18.2% 0.1%
State Bank of Bement $135,000 n/a 0.1%
GVC MORTGAGE, INC. $85,000 $125,000 47.1% 0.1%
Community Mortgage Banc Corporation $115,000 n/a 0.1%
NBKC BANK $115,000 n/a 0.1%
INB $330,000 $105,000 -68.2% 0.1%
VERITAS FUNDING, LLC $105,000 n/a 0.1%
First State Bank of Forrest $95,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $95,000 n/a 0.1%
M&T Bank $95,000 n/a 0.1%
Nations Lending Corporation $235,000 $95,000 -59.6% 0.1%
NFM, INC. $95,000 n/a 0.1%
Petefish, Skiles & Co. $265,000 $85,000 -67.9% 0.1%
CALCON MUTUAL MORTGAGE LLC $80,000 n/a 0.1%
American Mortgage & Equity Consultants, Inc. $155,000 $75,000 -51.6% 0.1%
Bank of America $75,000 $75,000 0.0% 0.1%
First Mid Bank & Trust $280,000 $75,000 -73.2% 0.1%
Flanagan State Bank $75,000 n/a 0.1%
GMFS LLC $75,000 n/a 0.1%
MORTGAGEONE, INC. $75,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $75,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $75,000 n/a 0.1%
Coastal Community Bank $65,000 $70,000 7.7% 0.1%
BETTER MORTGAGE CORPORATION $175,000 $65,000 -62.9% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $65,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $125,000 $65,000 -48.0% 0.1%
CITIZENS EQUITY FIRST $55,000 n/a 0.0%
Midland States Bank $270,000 $55,000 -79.6% 0.0%
PHH Mortgage Corporation $45,000 n/a 0.0%
The Huntington National Bank $750,000 $35,000 -95.3% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
Regions Bank $25,000 n/a 0.0%
DUPACO COMMUNITY $15,000 n/a 0.0%

DANVILLE's top lender by overall market share is The Fisher National Bank, with 12.4% market share. In second place, with 10.1%, is 1786, having originated $11,340,000 in loans. In third place, with 9.2%, is Iroquois Federal Savings and Loan Association, having originated $10,355,000 in loans. In fourth place, with 8.1%, is Merchants Bank of Indiana, having originated $9,105,000 in loans. In fifth place, with 6.7%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $7,570,000 in loans.

DANVILLE, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 592 $72,720,000 $122,838
Refi 158 $17,070,000 $108,038
Cash Out Refi 83 $9,075,000 $109,337
Home Improvement 62 $12,170,000 $196,290
Other 34 $1,630,000 $47,941

Danville's most frequently cited loan purpose was Home Purchase, with 592 originations. The 2nd most popular reason was Refi, with 158 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 257 $41,495,000 $161,459
7-8% 182 $17,890,000 $98,297
Over 8% 67 $3,945,000 $58,881
5-6% 59 $8,685,000 $147,203
<2.5% 10 $60,000 $6,000
4-5% 2 $170,000 $85,000
3-4% 1 $85,000 $85,000

During 2024, Danville's most frequently originated rate bucket was 6-7%, with 257 originations.

Loan Sizing (DANVILLE, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 505 $29,385,000 $58,188
$100k-200k 320 $45,200,000 $141,250
$200k-400k 94 $23,710,000 $252,234
$400k-600k 7 $3,285,000 $469,286
$Over $1MM 2 $10,230,000 $5,115,000
$600k-1000k 1 $855,000 $855,000

DANVILLE's loan sizing saw the bucket of loans from $100,000 or less with 505 originations, totaling $29,385,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 344 $43,380,000 $126,105
60-80% 96 $11,310,000 $117,813
20-40% 47 $2,365,000 $50,319
Under 20% 35 $805,000 $23,000
40-60% 34 $2,520,000 $74,118
Over 100% 6 $10,030,000 $1,671,667

DANVILLE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 344 originations, totaling $43,380,000 in origination value.