DECATUR Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Decatur averaged 6.69% for the week of 2025-07-17, compared to the national average of 6.75% for the same period.

    The average rate for the prior week (2025-07-10) was 6.96% and one month ago for the week of 2025-06-12, the average rate was 6.98%.

    Decatur's average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-07-17, the average rate was 6.95%.

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

    DECATUR 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 DECATUR, 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
    BROKER SOLUTIONS, INC. 61 6.86% $3,774
    CROSSCOUNTRY MORTGAGE, LLC 52 6.88% $5,205
    Busey Bank 36 6.58% $2,811
    QUICKEN LOANS, LLC 35 6.65% $4,640
    Heartland Bank and Trust Company 29 6.96% $2,611
    CITIZENS EQUITY FIRST 27 6.57% $1,593
    Regions Bank 26 6.88% $3,469
    FLAT BRANCH MORTGAGE, INC. 23 6.59% $2,857
    Prairie State Bank and Trust 19 6.64% $1,757
    JPMorgan Chase Bank 16 6.53% $2,583
    PNC Bank 15 6.71% $3,603
    INB 9 6.85% $2,639
    First Mid Bank & Trust 9 6.35% $2,298
    U.S. Bank 8 6.94% $3,349
    HOMESIDE FINANCIAL, LLC 7 7.07% $4,447
    DECATUR EARTHMOVER CREDIT UNION 7 6.66% $2,496
    FIRST STATE MORTGAGE SERVICES, LLC 6 6.77% $3,172
    GUARANTEED RATE, INC. 4 6.92% $3,578
    ZILLOW HOME LOANS, LLC 4 7.34% $3,402
    UNITED WHOLESALE MORTGAGE, LLC 4 6.84% $7,754
    NEWREZ LLC 3 7.33% $2,828
    The Huntington National Bank 3 7.42% $4,280
    ROYAL UNITED MORTGAGE LLC 3 7.25% $5,444
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.79% $8,147
    Wells Fargo Bank 3 6.50% $5,272
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.54% $3,353
    Flanagan State Bank 3 7.17% $2,443
    Morton Community Bank 3 7.00% $2,814
    GUILD MORTGAGE COMPANY 3 6.33% $2,967
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.06% $4,036
    ENDEAVOR CAPITAL, LLC. 2 6.75% $4,795
    Ally Bank 2 6.88% $2,483
    Farm Credit Mid-America, ACA 2 7.44% $10,142
    GREENSTATE CREDIT UNION 2 6.94% $2,864
    LOANDEPOT.COM, LLC 2 6.75% $4,401
    NAVY FEDERAL CREDIT UNION 2 7.06% $3,967
    PENNYMAC LOAN SERVICES, LLC 2 6.93% $5,324
    Midland States Bank 1 7.13% $2,739
    Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $5,762
    NATION ONE MORTGAGE CORPORATION 1 7.38% $9,301
    Bank of America 1 6.63% $2,553
    NBKC BANK 1 7.50% $6,341
    MEMBER FIRST MORTGAGE, LLC 1 6.63% $2,962
    NUMARK CREDIT UNION 1 6.00% $2,623
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $1,895
    PHH Mortgage Corporation 1 6.50% $3,634
    LAKE MICHIGAN CREDIT UNION 1 5.99% $3,508
    GENEVA FINANCIAL, LLC 1 7.13% $4,888
    PREMIA MORTGAGE, LLC 1 6.95% $5,035
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.88% $3,067
    DUPACO COMMUNITY 1 6.50% $2,890
    Raymond James Bank 1 6.50% $3,034
    Discover Bank 1 7.18% $0
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.00% $2,613
    S1L, Inc. 1 8.00% $7,783
    SCOTT CREDIT UNION 1 8.13% $1,603
    SPIRE Credit Union 1 6.75% $3,778
    DELMAR FINANCIAL COMPANY 1 7.38% $3,553
    The Loan Store, Inc. 1 7.99% $4,091
    TOP FLITE FINANCIAL, INC. 1 6.75% $3,647
    TOWNE MORTGAGE COMPANY 1 6.63% $3,475
    UNION HOME MORTGAGE CORP. 1 7.13% $4,459
    CHURCHILL MORTGAGE CORPORATION 1 6.99% $3,479
    BankPlus 1 7.00% $2,704
    MORTGAGE ACCESS CORP. 1 6.99% $6,129
    Mortgage Research Center, LLC 1 5.99% $3,145

    DECATUR Average Closing Costs & Other Stats

    DECATUR, IL's 66 lenders originated 1,503 loans during 2024. The total origination value was $203,205,000, with an average loan value of $135,200.

    DECATUR's average closing costs are $3,413.

    The top DECATUR lender as defined by loan originations is BROKER SOLUTIONS, INC., with 61 loans originated. Their average total fees are $3,774, which is $1,431 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee DECATUR lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST ($1,593), Prairie State Bank and Trust ($1,757), JPMorgan Chase Bank ($2,583), Heartland Bank and Trust Company ($2,611) and Busey Bank ($2,811).

    The lowest rate DECATUR lenders (with over 10 loans originated) are JPMorgan Chase Bank (6.53%), CITIZENS EQUITY FIRST (6.57%), Busey Bank (6.58%), FLAT BRANCH MORTGAGE, INC. (6.59%) and Prairie State Bank and Trust (6.64%).

    DECATUR, 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
    BROKER SOLUTIONS, INC. $695,000 $19,470,000 2,701.4% 9.6%
    CROSSCOUNTRY MORTGAGE, LLC $13,935,000 $14,625,000 5.0% 7.2%
    QUICKEN LOANS, LLC $8,920,000 $12,195,000 36.7% 6.0%
    First National Bank of Pana $7,690,000 $11,845,000 54.0% 5.8%
    Hickory Point Bank and Trust $10,200,000 $10,320,000 1.2% 5.1%
    Regions Bank $7,405,000 $7,405,000 0.0% 3.6%
    Prairie State Bank and Trust $6,595,000 $7,315,000 10.9% 3.6%
    Busey Bank $7,225,000 $7,220,000 -0.1% 3.6%
    FLAT BRANCH MORTGAGE, INC. $11,785,000 $6,445,000 -45.3% 3.2%
    CITIZENS EQUITY FIRST $6,135,000 $6,035,000 -1.6% 3.0%
    Mortgage Research Center, LLC $7,715,000 $5,635,000 -27.0% 2.8%
    Heartland Bank and Trust Company $8,930,000 $5,545,000 -37.9% 2.7%
    Scott State Bank $2,740,000 $5,010,000 82.8% 2.5%
    JPMorgan Chase Bank $2,260,000 $3,960,000 75.2% 1.9%
    PNC Bank $4,010,000 $3,940,000 -1.7% 1.9%
    Land of Lincoln Credit Union $4,070,000 $3,575,000 -12.2% 1.8%
    DECATUR EARTHMOVER CREDIT UNION $2,925,000 $3,520,000 20.3% 1.7%
    U.S. Bank $1,610,000 $3,355,000 108.4% 1.7%
    WaterStone Bank, SSB $2,860,000 n/a 1.4%
    First Mid Bank & Trust $2,115,000 $2,785,000 31.7% 1.4%
    Buena Vista National Bank $2,915,000 $2,760,000 -5.3% 1.4%
    INB $1,780,000 $2,755,000 54.8% 1.4%
    FIRST STATE MORTGAGE SERVICES, LLC $4,145,000 $2,535,000 -38.8% 1.2%
    UNITED WHOLESALE MORTGAGE, LLC $1,180,000 $2,335,000 97.9% 1.1%
    USAA Federal Savings Bank $630,000 $1,755,000 178.6% 0.9%
    Bank of Hillsboro $1,705,000 n/a 0.8%
    NAVY FEDERAL CREDIT UNION $560,000 $1,610,000 187.5% 0.8%
    GUILD MORTGAGE COMPANY $300,000 $1,590,000 430.0% 0.8%
    NEWREZ LLC $475,000 $1,580,000 232.6% 0.8%
    GUARANTEED RATE, INC. $725,000 $1,520,000 109.7% 0.7%
    HOMESIDE FINANCIAL, LLC $125,000 $1,465,000 1,072.0% 0.7%
    FREEDOM MORTGAGE CORPORATION $535,000 $1,435,000 168.2% 0.7%
    Flanagan State Bank $1,770,000 $1,400,000 -20.9% 0.7%
    PENNYMAC LOAN SERVICES, LLC $955,000 $1,370,000 43.5% 0.7%
    ENDEAVOR CAPITAL, LLC. $260,000 $1,185,000 355.8% 0.6%
    Wells Fargo Bank $1,010,000 $1,055,000 4.5% 0.5%
    LOANDEPOT.COM, LLC $550,000 $1,035,000 88.2% 0.5%
    The Huntington National Bank $950,000 $1,030,000 8.4% 0.5%
    Farm Credit Mid-America, ACA $1,215,000 $1,020,000 -16.0% 0.5%
    Morton Community Bank $305,000 $970,000 218.0% 0.5%
    UNION HOME MORTGAGE CORP. $895,000 n/a 0.4%
    1ST MIDAMERICA $150,000 $865,000 476.7% 0.4%
    COMPEER FINANCIAL, FLCA $865,000 n/a 0.4%
    S1L, Inc. $745,000 n/a 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $485,000 $740,000 52.6% 0.4%
    PREMIA MORTGAGE, LLC $695,000 n/a 0.3%
    Iroquois Federal Savings and Loan Association $1,990,000 $665,000 -66.6% 0.3%
    ZILLOW HOME LOANS, LLC $1,035,000 $660,000 -36.2% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $505,000 $620,000 22.8% 0.3%
    ROYAL UNITED MORTGAGE LLC $590,000 $600,000 1.7% 0.3%
    MORTGAGE ACCESS CORP. $590,000 n/a 0.3%
    Bank of Springfield $400,000 $535,000 33.8% 0.3%
    BankPlus $525,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $145,000 $495,000 241.4% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $160,000 $460,000 187.5% 0.2%
    The Loan Store, Inc. $425,000 n/a 0.2%
    Stifel Bank and Trust $220,000 $420,000 90.9% 0.2%
    Raymond James Bank $415,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $830,000 $400,000 -51.8% 0.2%
    GREENSTATE CREDIT UNION $370,000 $400,000 8.1% 0.2%
    PLANET HOME LENDING, LLC $400,000 n/a 0.2%
    Bank of America $370,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $365,000 n/a 0.2%
    OCEANSIDE MORTGAGE COMPANY $350,000 n/a 0.2%
    LEADERONE FINANCIAL CORPORATION $335,000 n/a 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $455,000 $330,000 -27.5% 0.2%
    Discover Bank $185,000 $330,000 78.4% 0.2%
    First State Bank $380,000 $320,000 -15.8% 0.2%
    AMERISAVE MORTGAGE CORPORATION $940,000 $315,000 -66.5% 0.2%
    LAKE MICHIGAN CREDIT UNION $315,000 n/a 0.2%
    The Federal Savings Bank $310,000 $305,000 -1.6% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $165,000 $295,000 78.8% 0.1%
    NATION ONE MORTGAGE CORPORATION $295,000 n/a 0.1%
    Carrington Mortgage Services, LLC $290,000 n/a 0.1%
    Fifth Third Bank $290,000 n/a 0.1%
    GERSHMAN INVESTMENT CORP. $290,000 n/a 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $335,000 $290,000 -13.4% 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $455,000 $275,000 -39.6% 0.1%
    PHH Mortgage Corporation $260,000 n/a 0.1%
    FOUNDATION MORTGAGE CORPORATION $255,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $245,000 n/a 0.1%
    ILLINOIS STATE CREDIT UNION $205,000 $245,000 19.5% 0.1%
    Ally Bank $135,000 $240,000 77.8% 0.1%
    GENEVA FINANCIAL, LLC $235,000 n/a 0.1%
    State Bank of Bement $35,000 $225,000 542.9% 0.1%
    NBKC BANK $215,000 n/a 0.1%
    TOWNE MORTGAGE COMPANY $215,000 n/a 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,365,000 $210,000 -84.6% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $225,000 $210,000 -6.7% 0.1%
    AMERITRUST MORTGAGE CORPORATION $205,000 n/a 0.1%
    CIBM Bank $975,000 $205,000 -79.0% 0.1%
    DELMAR FINANCIAL COMPANY $205,000 n/a 0.1%
    DOMINION FINANCIAL SERVICES, LLC $205,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $205,000 n/a 0.1%
    CARDINAL FINANCIAL $125,000 $195,000 56.0% 0.1%
    Midland States Bank $195,000 n/a 0.1%
    ALAMEDA MORTGAGE CORPORATION $190,000 n/a 0.1%
    Figure Lending LLC $85,000 $190,000 123.5% 0.1%
    Servion, Inc. $175,000 $185,000 5.7% 0.1%
    SILVER HILL FUNDING, LLC $185,000 n/a 0.1%
    Texana Bank $185,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $185,000 n/a 0.1%
    SPIRE Credit Union $175,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $265,000 $170,000 -35.8% 0.1%
    The Union Bank Company $160,000 n/a 0.1%
    SCOTT CREDIT UNION $345,000 $155,000 -55.1% 0.1%
    SUMMIT FUNDING, INC. $155,000 n/a 0.1%
    The Peoples State Bank of Newton, Illinois $245,000 $155,000 -36.7% 0.1%
    EMM LOANS LLC $135,000 n/a 0.1%
    Ixonia Bank $345,000 $135,000 -60.9% 0.1%
    LENDINGONE, LLC $135,000 n/a 0.1%
    Peoples Bank $135,000 n/a 0.1%
    Warren-Boynton State Bank $125,000 n/a 0.1%
    Equity Prime Mortgage LLC $115,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $115,000 n/a 0.1%
    MEMBER FIRST MORTGAGE, LLC $85,000 $105,000 23.5% 0.1%
    MYCUMORTGAGE, LLC $785,000 $105,000 -86.6% 0.1%
    1786 $125,000 $95,000 -24.0% 0.0%
    Alliance Community Bank $95,000 n/a 0.0%
    CALCON MUTUAL MORTGAGE LLC $95,000 n/a 0.0%
    CONSTRUCTIVE LOANS, LLC $95,000 n/a 0.0%
    First Federal Bank $95,000 n/a 0.0%
    CHURCHILL MORTGAGE CORPORATION $430,000 $85,000 -80.2% 0.0%
    NUMARK CREDIT UNION $85,000 n/a 0.0%
    TrustBank $85,000 n/a 0.0%
    DUPACO COMMUNITY $45,000 $75,000 66.7% 0.0%
    HighTechLending Inc $75,000 $75,000 0.0% 0.0%
    TOWER $75,000 n/a 0.0%
    United Community Bank $185,000 $70,000 -62.2% 0.0%
    FIRST INTEGRITY MORTGAGE SERVICES, INC. $65,000 n/a 0.0%
    First State Bank $380,000 $65,000 -82.9% 0.0%
    Citibank $95,000 $55,000 -42.1% 0.0%
    Credit Union 1 $55,000 n/a 0.0%
    Truist $55,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $75,000 $25,000 -66.7% 0.0%
    Coastal Community Bank $130,000 $15,000 -88.5% 0.0%

    DECATUR's top lender by overall market share is BROKER SOLUTIONS, INC., with 9.6% market share. In second place, with 7.2%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $14,625,000 in loans. In third place, with 6.0%, is QUICKEN LOANS, LLC, having originated $12,195,000 in loans. In fourth place, with 5.8%, is First National Bank of Pana, having originated $11,845,000 in loans. In fifth place, with 5.1%, is Hickory Point Bank and Trust, having originated $10,320,000 in loans.

    DECATUR, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,063 $161,465,000 $151,896
    Other 117 $6,885,000 $58,846
    Home Improvement 114 $5,650,000 $49,561
    Cash Out Refi 106 $16,010,000 $151,038
    Refi 103 $13,195,000 $128,107

    Decatur's most frequently cited loan purpose was Home Purchase, with 1,063 originations. The 2nd most popular reason was Other, with 117 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 565 $80,645,000 $142,735
    7-8% 335 $50,875,000 $151,866
    Over 8% 179 $12,025,000 $67,179
    5-6% 119 $19,425,000 $163,235
    <2.5% 17 $125,000 $7,353
    4-5% 5 $775,000 $155,000
    2.5-3% 2 $170,000 $85,000

    During 2024, Decatur's most frequently originated rate bucket was 6-7%, with 565 originations.

    Loan Sizing (DECATUR, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 678 $38,510,000 $56,799
    $100k-200k 575 $81,435,000 $141,626
    $200k-400k 203 $52,045,000 $256,379
    $400k-600k 31 $14,815,000 $477,903
    $600k-1000k 13 $10,285,000 $791,154
    $Over $1MM 3 $6,115,000 $2,038,333

    DECATUR's loan sizing saw the bucket of loans from $100,000 or less with 678 originations, totaling $38,510,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 665 $105,845,000 $159,165
    60-80% 254 $36,870,000 $145,157
    Under 20% 106 $2,880,000 $27,170
    20-40% 101 $6,495,000 $64,307
    40-60% 71 $6,945,000 $97,817
    Over 100% 17 $3,045,000 $179,118

    DECATUR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 665 originations, totaling $105,845,000 in origination value.