DAVENPORT - MOLINE - ROCK ISLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Davenport - Moline - Rock Island averaged
6.57%
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 6.87%.
Davenport - Moline - Rock Island's average rate one year ago was 6.91%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.9%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Davenport - Moline - Rock Island 30 Year Fixed Rate | 2025-06-18 | 6.57% |
| Davenport - Moline - Rock Island 30 Year Fixed Rate Refi | 2025-06-18 | 6.9% |
| Davenport - Moline - Rock Island 15 Year Fixed Rate | 2025-06-18 | 5.81% |
| Davenport - Moline - Rock Island 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Davenport - Moline - Rock Island 30 Year FHA | 2025-06-18 | 0.33% |
| Davenport - Moline - Rock Island 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Davenport - Moline - Rock Island 30 Year USDA | 2025-06-18 | 0% |
| Davenport - Moline - Rock Island 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Davenport - Moline - Rock Island 30 Year VA | 2025-06-18 | -0.04% |
| Davenport - Moline - Rock Island 30 Year VA Refi | 2025-06-18 | -0.5% |
DAVENPORT - MOLINE - ROCK ISLAND 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 DAVENPORT-MOLINE-ROCK ISLAND, IA-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.).
DAVENPORT - MOLINE - ROCK ISLAND Average Closing Costs & Other Stats
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL's 139 lenders originated 7,698
loans during 2024. The total origination value was $1,341,010,000, with an average loan value of
$174,202.
DAVENPORT - MOLINE - ROCK ISLAND's average closing costs are $3,324.
The top DAVENPORT - MOLINE - ROCK ISLAND lender as defined by loan originations is GREENSTATE CREDIT UNION, with
428 loans originated. Their average total fees are
$2,009, which is $630
lower than the next largest lender,
I. H. MISSISSIPPI VALLEY CREDIT UNION.
The lowest fee DAVENPORT - MOLINE - ROCK ISLAND lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($2,009), THE FAMILY CREDIT UNION ($2,053), ASCENTRA ($2,097), RUHL MORTGAGE, LLC ($2,254) and Fortress Bank ($2,332).
The lowest rate DAVENPORT - MOLINE - ROCK ISLAND lenders (with over 10 loans originated) are
R.I.A. Federal Credit Union (6.00%), GAS AND ELECTRIC CREDIT UNION (6.20%), Community Mortgage Banc Corporation (6.23%), I. H. MISSISSIPPI VALLEY CREDIT UNION (6.28%) and Deere Employees Credit Union (6.31%).
DAVENPORT-MOLINE-ROCK ISLAND, IA-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 |
|---|---|---|---|---|
| GREENSTATE CREDIT UNION | $119,855,000 | $134,690,000 | 12.4% | 10.0% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $62,655,000 | $84,740,000 | 35.2% | 6.3% |
| RUHL MORTGAGE, LLC | $69,145,000 | $79,080,000 | 14.4% | 5.9% |
| BROKER SOLUTIONS, INC. | $57,255,000 | $69,640,000 | 21.6% | 5.2% |
| HOMESIDE FINANCIAL, LLC | $44,380,000 | $65,720,000 | 48.1% | 4.9% |
| Deere Employees Credit Union | $52,525,000 | $64,520,000 | 22.8% | 4.8% |
| Quad City Bank and Trust Company | $29,175,000 | $55,945,000 | 91.8% | 4.2% |
| QUICKEN LOANS, LLC | $25,990,000 | $39,610,000 | 52.4% | 3.0% |
| ASCENTRA | $47,025,000 | $37,700,000 | -19.8% | 2.8% |
| Blackhawk Bank & Trust | $27,260,000 | $33,700,000 | 23.6% | 2.5% |
| DuTrac Community Credit Union | $18,485,000 | $32,415,000 | 75.4% | 2.4% |
| BANKORION | $32,020,000 | $30,390,000 | -5.1% | 2.3% |
| American Bank and Trust Company | $25,425,000 | $27,705,000 | 9.0% | 2.1% |
| Mortgage Research Center, LLC | $22,635,000 | $27,030,000 | 19.4% | 2.0% |
| CBI Bank & Trust | $16,735,000 | $25,125,000 | 50.1% | 1.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $13,040,000 | $23,040,000 | 76.7% | 1.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,585,000 | $21,250,000 | 28.1% | 1.6% |
| R.I.A. Federal Credit Union | $15,585,000 | $20,775,000 | 33.3% | 1.5% |
| Availa Bank | $19,505,000 | n/a | 1.5% | |
| U.S. Bank | $22,785,000 | $18,275,000 | -19.8% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $18,760,000 | $18,190,000 | -3.0% | 1.4% |
| NEWREZ LLC | $11,780,000 | $15,700,000 | 33.3% | 1.2% |
| ORIX REAL ESTATE CAPITAL, LLC | $14,925,000 | n/a | 1.1% | |
| First Central State Bank | $15,030,000 | $14,260,000 | -5.1% | 1.1% |
| Blue Grass Savings Bank | $10,960,000 | $13,030,000 | 18.9% | 1.0% |
| LOANDEPOT.COM, LLC | $7,380,000 | $12,440,000 | 68.6% | 0.9% |
| Midwest Bank | $6,850,000 | $10,630,000 | 55.2% | 0.8% |
| Old National Bank | $6,010,000 | $8,975,000 | 49.3% | 0.7% |
| Pinnacle Bank | $125,000 | $8,805,000 | 6,944.0% | 0.7% |
| WALKER & DUNLOP, LLC | $9,860,000 | $8,405,000 | -14.8% | 0.6% |
| Bank Iowa | $455,000 | $8,260,000 | 1,715.4% | 0.6% |
| MICHIGAN MUTUAL, INC. | $3,360,000 | $8,220,000 | 144.6% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $3,445,000 | $7,930,000 | 130.2% | 0.6% |
| Farmers National Bank | $3,450,000 | $7,575,000 | 119.6% | 0.6% |
| THE FAMILY CREDIT UNION | $7,975,000 | $7,425,000 | -6.9% | 0.6% |
| Flanagan State Bank | $6,570,000 | $7,255,000 | 10.4% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $2,850,000 | $7,180,000 | 151.9% | 0.5% |
| Wells Fargo Bank | $6,900,000 | $7,125,000 | 3.3% | 0.5% |
| First Federal Bank | $2,320,000 | $6,965,000 | 200.2% | 0.5% |
| CALCON MUTUAL MORTGAGE LLC | $65,000 | $6,695,000 | 10,200.0% | 0.5% |
| Barings Multifamily Capital | $6,605,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $6,540,000 | $6,205,000 | -5.1% | 0.5% |
| GUARANTEED RATE, INC. | $7,165,000 | $5,830,000 | -18.6% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $5,830,000 | $5,635,000 | -3.3% | 0.4% |
| Fortress Bank | $9,985,000 | $5,270,000 | -47.2% | 0.4% |
| Great Southern Bank | $2,550,000 | $4,980,000 | 95.3% | 0.4% |
| COMPEER FINANCIAL, FLCA | $4,640,000 | $4,940,000 | 6.5% | 0.4% |
| USAA Federal Savings Bank | $4,710,000 | $4,830,000 | 2.5% | 0.4% |
| Central Bank Illinois | $9,195,000 | $4,665,000 | -49.3% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $6,920,000 | $4,655,000 | -32.7% | 0.3% |
| AXIA FINANCIAL, LLC | $4,450,000 | n/a | 0.3% | |
| First Trust and Savings Bank | $5,600,000 | $4,445,000 | -20.6% | 0.3% |
| JPMorgan Chase Bank | $6,030,000 | $4,125,000 | -31.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,580,000 | $4,065,000 | 13.5% | 0.3% |
| Plains Commerce Bank | $3,150,000 | $3,640,000 | 15.6% | 0.3% |
| CARDINAL FINANCIAL | $5,620,000 | $3,605,000 | -35.9% | 0.3% |
| Union Federal Savings and Loan Association | $2,615,000 | $3,535,000 | 35.2% | 0.3% |
| PLANET HOME LENDING, LLC | $3,305,000 | n/a | 0.2% | |
| GAS AND ELECTRIC CREDIT UNION | $3,600,000 | $3,045,000 | -15.4% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $4,995,000 | $2,940,000 | -41.1% | 0.2% |
| Grandbridge Real Estate Capital LLC | $2,935,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $255,000 | $2,875,000 | 1,027.5% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,125,000 | $2,540,000 | 125.8% | 0.2% |
| STATE BANK OFTOULON | $3,435,000 | $2,455,000 | -28.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,080,000 | $2,445,000 | 126.4% | 0.2% |
| GERSHMAN INVESTMENT CORP. | $1,565,000 | $2,380,000 | 52.1% | 0.2% |
| MARINE | $2,590,000 | $2,325,000 | -10.2% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $1,720,000 | $2,265,000 | 31.7% | 0.2% |
| 21ST MORTGAGE CORPORATION | $1,410,000 | $2,180,000 | 54.6% | 0.2% |
| Peoples National Bank of Kewanee | $1,040,000 | $2,140,000 | 105.8% | 0.2% |
| Flagstar Bank, FSB | $2,495,000 | $2,130,000 | -14.6% | 0.2% |
| Morgan Stanley Private Bank | $940,000 | $2,110,000 | 124.5% | 0.2% |
| TBK BANK, SSB | $1,835,000 | $2,110,000 | 15.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $830,000 | $2,045,000 | 146.4% | 0.2% |
| Morton Community Bank | $3,260,000 | $2,030,000 | -37.7% | 0.2% |
| First Interstate Bank | $2,005,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $1,355,000 | $1,995,000 | 47.2% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $2,135,000 | $1,870,000 | -12.4% | 0.1% |
| IOWA BANKERS MORTGAGE CORPORATION | $1,155,000 | $1,845,000 | 59.7% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,975,000 | $1,840,000 | -6.8% | 0.1% |
| PREMIA MORTGAGE, LLC | $400,000 | $1,830,000 | 357.5% | 0.1% |
| MidWestOne Bank | $1,125,000 | $1,760,000 | 56.4% | 0.1% |
| The Federal Savings Bank | $490,000 | $1,710,000 | 249.0% | 0.1% |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $890,000 | $1,610,000 | 80.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $755,000 | $1,545,000 | 104.6% | 0.1% |
| Community Mortgage Banc Corporation | $2,200,000 | $1,490,000 | -32.3% | 0.1% |
| PHH Mortgage Corporation | $160,000 | $1,465,000 | 815.6% | 0.1% |
| Figure Lending LLC | $410,000 | $1,425,000 | 247.6% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $205,000 | $1,420,000 | 592.7% | 0.1% |
| Carrington Mortgage Services, LLC | $845,000 | $1,400,000 | 65.7% | 0.1% |
| COMMUNITY STATE BANK | $1,090,000 | $1,385,000 | 27.1% | 0.1% |
| GUILD MORTGAGE COMPANY | $1,325,000 | $1,375,000 | 3.8% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $1,335,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $1,000,000 | $1,290,000 | 29.0% | 0.1% |
| Servion, Inc. | $3,680,000 | $1,250,000 | -66.0% | 0.1% |
| Coastal Community Bank | $510,000 | $1,200,000 | 135.3% | 0.1% |
| VERIDIAN CREDIT UNION | $1,765,000 | $1,140,000 | -35.4% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,055,000 | $1,130,000 | 7.1% | 0.1% |
| DUPACO COMMUNITY | $7,680,000 | $1,115,000 | -85.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $990,000 | $1,030,000 | 4.0% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $220,000 | $1,010,000 | 359.1% | 0.1% |
| Equity Prime Mortgage LLC | $680,000 | $955,000 | 40.4% | 0.1% |
| NexBank | $850,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $620,000 | $825,000 | 33.1% | 0.1% |
| Associated Bank | $825,000 | n/a | 0.1% | |
| Luana Savings Bank | $820,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $815,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $770,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $740,000 | n/a | 0.1% | |
| Collins Community Credit Union | $2,620,000 | $735,000 | -71.9% | 0.1% |
| RESIDENTIAL BANCORP | $725,000 | n/a | 0.1% | |
| Liberty Trust & Savings Bank | $515,000 | $705,000 | 36.9% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $385,000 | $700,000 | 81.8% | 0.1% |
| Citizens Bank | $170,000 | $690,000 | 305.9% | 0.1% |
| Sauk Valley Bank & Trust Company | $690,000 | n/a | 0.1% | |
| CITIZENS EQUITY FIRST | $835,000 | $680,000 | -18.6% | 0.1% |
| PROPER RATE, LLC | $535,000 | $670,000 | 25.2% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $505,000 | $665,000 | 31.7% | 0.0% |
| CMG MORTGAGE, INC. | $210,000 | $660,000 | 214.3% | 0.0% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $645,000 | n/a | 0.0% | |
| Farmers State Bank | $75,000 | $625,000 | 733.3% | 0.0% |
| NBKC BANK | $590,000 | $590,000 | 0.0% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $260,000 | $560,000 | 115.4% | 0.0% |
| Denver Savings Bank | $555,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $300,000 | $545,000 | 81.7% | 0.0% |
| Bank of America | $2,055,000 | $540,000 | -73.7% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $530,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $510,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $505,000 | n/a | 0.0% | |
| Hills Bank and Trust Company | $825,000 | $500,000 | -39.4% | 0.0% |
| MORTGAGE ACCESS CORP. | $500,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $180,000 | $495,000 | 175.0% | 0.0% |
| PNC Bank | $970,000 | $485,000 | -50.0% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $685,000 | $475,000 | -30.7% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $285,000 | $465,000 | 63.2% | 0.0% |
| COMPASS MORTGAGE, INC. | $445,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $2,025,000 | $445,000 | -78.0% | 0.0% |
| Discover Bank | $595,000 | $435,000 | -26.9% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $785,000 | $425,000 | -45.9% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $420,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $275,000 | $420,000 | 52.7% | 0.0% |
| First Mid Bank & Trust | $760,000 | $420,000 | -44.7% | 0.0% |
| SIRVA MORTGAGE, INC. | $410,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $400,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $395,000 | n/a | 0.0% | |
| Encompass Lending Group, LP | $375,000 | n/a | 0.0% | |
| First Bank | $550,000 | $375,000 | -31.8% | 0.0% |
| S1L, Inc. | $375,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $370,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $275,000 | $355,000 | 29.1% | 0.0% |
| Ally Bank | $325,000 | $350,000 | 7.7% | 0.0% |
| Heartland Bank and Trust Company | $85,000 | $345,000 | 305.9% | 0.0% |
| Community Choice Credit Union | $55,000 | $340,000 | 518.2% | 0.0% |
| First Bank & Trust | $335,000 | n/a | 0.0% | |
| IAA Credit Union | $335,000 | n/a | 0.0% | |
| CHARTER WEST BANK | $325,000 | n/a | 0.0% | |
| Northpointe Bank | $755,000 | $325,000 | -57.0% | 0.0% |
| Midwest Heritage Bank FSB | $510,000 | $320,000 | -37.3% | 0.0% |
| NFM, INC. | $270,000 | $320,000 | 18.5% | 0.0% |
| RANLIFE, INC. | $315,000 | n/a | 0.0% | |
| HOMESERVICES LENDING, LLC | $710,000 | $310,000 | -56.3% | 0.0% |
| SPIRE Credit Union | $305,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $4,615,000 | $305,000 | -93.4% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $295,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $295,000 | n/a | 0.0% | |
| Vibrant Credit Union | $1,775,000 | $295,000 | -83.4% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $265,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $265,000 | n/a | 0.0% | |
| HANSCOM | $255,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| Two Rivers Bank & Trust | $510,000 | $255,000 | -50.0% | 0.0% |
| SPRING EQ, LLC | $340,000 | $250,000 | -26.5% | 0.0% |
| UIF CORPORATION | $225,000 | $250,000 | 11.1% | 0.0% |
| United Community Bank | $45,000 | $250,000 | 455.6% | 0.0% |
| Commerce Bank | $715,000 | $245,000 | -65.7% | 0.0% |
| National Bank of St. Anne | $245,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $380,000 | $235,000 | -38.2% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $215,000 | $235,000 | 9.3% | 0.0% |
| Princeton Mortgage Corporation | $235,000 | n/a | 0.0% | |
| TOGETHER CREDIT UNION | $235,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $90,000 | $225,000 | 150.0% | 0.0% |
| First International Bank & Trust | $225,000 | n/a | 0.0% | |
| Washington State Bank | $225,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $225,000 | n/a | 0.0% | |
| Key Mortgage Services, Inc. | $300,000 | $215,000 | -28.3% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $280,000 | $205,000 | -26.8% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| Magnolia Bank | $255,000 | $205,000 | -19.6% | 0.0% |
| MidAmerica National Bank | $205,000 | n/a | 0.0% | |
| Texana Bank | $195,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $185,000 | n/a | 0.0% | |
| Citibank | $65,000 | $175,000 | 169.2% | 0.0% |
| Prosperity Home Mortgage, LLC | $175,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $605,000 | $170,000 | -71.9% | 0.0% |
| LENDSURE MORTGAGE CORP. | $165,000 | n/a | 0.0% | |
| M&T Bank | $205,000 | $160,000 | -22.0% | 0.0% |
| Goldwater Bank, N.A. | $155,000 | n/a | 0.0% | |
| The Huntington National Bank | $3,105,000 | $155,000 | -95.0% | 0.0% |
| First State Bank | $75,000 | $140,000 | 86.7% | 0.0% |
| Elements Financial Federal Credit Union | $135,000 | n/a | 0.0% | |
| EMM LOANS LLC | $115,000 | $135,000 | 17.4% | 0.0% |
| First National Bank of America | $135,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $590,000 | $135,000 | -77.1% | 0.0% |
| LINN AREA | $45,000 | $130,000 | 188.9% | 0.0% |
| Commerce Home Mortgage, Inc. | $125,000 | n/a | 0.0% | |
| Nicolet National Bank | $125,000 | n/a | 0.0% | |
| The First National Bank of Ottawa | $125,000 | n/a | 0.0% | |
| Fifth Third Bank | $880,000 | $115,000 | -86.9% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $115,000 | $115,000 | 0.0% | 0.0% |
| A&D Mortgage LLC | $175,000 | $105,000 | -40.0% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
| OCMBC, INC. | $255,000 | $105,000 | -58.8% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | n/a | 0.0% | |
| American State Bank | $85,000 | n/a | 0.0% | |
| Arvest Bank | $35,000 | $75,000 | 114.3% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| CIBM Bank | $75,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $75,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $1,545,000 | $75,000 | -95.1% | 0.0% |
| Merchants Bank | $75,000 | n/a | 0.0% | |
| ONY GLO, INC. | $75,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $75,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,070,000 | $75,000 | -93.0% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $65,000 | n/a | 0.0% | |
| United Bank of Iowa | $145,000 | $65,000 | -55.2% | 0.0% |
| ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
| Old Second National Bank | $55,000 | n/a | 0.0% | |
| Regions Bank | $2,130,000 | $55,000 | -97.4% | 0.0% |
| The First National Bank and Trust Company | $55,000 | n/a | 0.0% | |
| Think Mutual Bank | $55,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $55,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $345,000 | $45,000 | -87.0% | 0.0% |
| MORTGAGE CENTER L.C | $45,000 | n/a | 0.0% | |
| TOWER | $45,000 | n/a | 0.0% | |
| TrustBank | $45,000 | n/a | 0.0% | |
| BMO Harris Bank | $1,075,000 | $35,000 | -96.7% | 0.0% |
| Citizens State Bank | $35,000 | n/a | 0.0% | |
| First American Bank | $35,000 | n/a | 0.0% | |
| HealthCare Associates Credit Union | $35,000 | n/a | 0.0% | |
| Midland States Bank | $430,000 | $25,000 | -94.2% | 0.0% |
DAVENPORT - MOLINE - ROCK ISLAND's top lender by overall market share is GREENSTATE CREDIT UNION, with 10.0% market share. In second place, with 6.3%, is I. H. MISSISSIPPI VALLEY CREDIT UNION, having originated $84,740,000 in loans. In third place, with 5.9%, is RUHL MORTGAGE, LLC, having originated $79,080,000 in loans. In fourth place, with 5.2%, is BROKER SOLUTIONS, INC., having originated $69,640,000 in loans. In fifth place, with 4.9%, is HOMESIDE FINANCIAL, LLC, having originated $65,720,000 in loans.
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,750 | $958,990,000 | $201,893 |
| Refi | 967 | $202,395,000 | $209,302 |
| Other | 785 | $48,435,000 | $61,701 |
| Cash Out Refi | 660 | $91,980,000 | $139,364 |
| Home Improvement | 535 | $39,125,000 | $73,131 |
| NA | 1 | $85,000 | $85,000 |
Davenport - Moline - Rock Island's most frequently cited loan purpose was Home Purchase, with 4,750 originations. The 2nd most popular reason was Refi, with 967 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,157 | $591,165,000 | $187,255 |
| 7-8% | 1,249 | $184,265,000 | $147,530 |
| 5-6% | 1,132 | $271,280,000 | $239,647 |
| Over 8% | 849 | $54,555,000 | $64,258 |
| <2.5% | 93 | $1,325,000 | $14,247 |
| 4-5% | 47 | $8,295,000 | $176,489 |
| 3-4% | 6 | $760,000 | $126,667 |
| 2.5-3% | 2 | $260,000 | $130,000 |
During 2024, Davenport - Moline - Rock Island's most frequently originated rate bucket was 6-7%, with 3,157 originations.
Loan Sizing (DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 2,850 | $153,170,000 | $53,744 |
| $100k-200k | 2,805 | $403,925,000 | $144,002 |
| $200k-400k | 1,615 | $442,395,000 | $273,929 |
| $400k-600k | 304 | $143,910,000 | $473,388 |
| $600k-1000k | 94 | $67,970,000 | $723,085 |
| $Over $1MM | 30 | $129,640,000 | $4,321,333 |
DAVENPORT - MOLINE - ROCK ISLAND's loan sizing saw the bucket of loans from $100,000 or less with 2,850 originations, totaling $153,170,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,923 | $599,385,000 | $205,058 |
| 60-80% | 1,363 | $281,155,000 | $206,277 |
| Under 20% | 810 | $32,920,000 | $40,642 |
| 20-40% | 782 | $67,520,000 | $86,343 |
| 40-60% | 476 | $76,340,000 | $160,378 |
| Over 100% | 70 | $35,090,000 | $501,286 |
DAVENPORT - MOLINE - ROCK ISLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,923 originations, totaling $599,385,000 in origination value.