DANVILLE Mortgage Rates & Closing Costs
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% |
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.).
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.