Dixon Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Dixon averaged 6.17% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 5.87% and one month ago for the week of 2024-09-05, the average rate was 6.3%.

Dixon's average rate one year ago was 7.54%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Dixon 30 Year Fixed Rate 2024-10-10 6.17%
Dixon 30 Year Fixed Rate Refi 2024-10-10 6.22%
Dixon 15 Year Fixed Rate 2024-10-10 5.61%
Dixon 15 Year Fixed Rate Refi 2024-10-10 5.31%
Dixon 30 Year FHA 2024-10-10 6.1%
Dixon 30 Year FHA Refi 2024-10-10 6.3%
Dixon 30 Year USDA 2024-10-10 5.88%
Dixon 30 Year USDA Refi 2024-10-10 5.98%
Dixon 30 Year VA 2024-10-10 5.75%
Dixon 30 Year VA Refi 2024-10-10 5.95%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Dixon, IL.

Dixon 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 Dixon, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ENVOY MORTGAGE, LTD 8 7.14% $5,022
Midland States Bank 8 6.81% $3,127
U.S. Bank 7 6.64% $2,574
First State Bank 7 6.68% $2,135
Central Bank Illinois 6 7.02% $2,054
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.00% $4,207
GUILD MORTGAGE COMPANY 5 7.10% $5,354
QUICKEN LOANS, LLC 4 7.12% $4,444
Fifth Third Bank 3 7.16% $3,776
Mr. Cooper ( Nationstar Mortgage ) 3 6.62% $5,357
GREENSTATE CREDIT UNION 3 5.87% $3,334
The Huntington National Bank 3 6.83% $3,730
JPMorgan Chase Bank 3 6.54% $4,493
FINANCIAL PLUS 2 6.75% $1,281
Stillman Bank 2 7.14% $2,485
GUARANTEED RATE, INC. 2 6.75% $3,672
COMPASS MORTGAGE, INC. 2 6.81% $4,005
Community Mortgage Banc Corporation 2 6.25% $2,747
Wells Fargo Bank 2 6.63% $5,038
UNITED WHOLESALE MORTGAGE, LLC 2 7.19% $5,077
ILLINOIS STATE CREDIT UNION 2 7.00% $2,954
Ottawa Savings Bank 2 6.19% $4,097
NUMARK CREDIT UNION 2 6.31% $3,276
CALIBER HOME LOANS, INC. 2 6.50% $4,165
PLANET HOME LENDING, LLC 1 6.13% $2,974
ROYAL UNITED MORTGAGE LLC 1 7.13% $4,588
Summit Credit Union 1 5.63% $2,110
The Federal Savings Bank 1 6.13% $4,049
The First National Bank of Ottawa 1 6.00% $2,895
USAA Federal Savings Bank 1 6.50% $2,243
AmeriHome Mortgage Company, LLC 1 6.50% $6,183
ZILLOW HOME LOANS, LLC 1 7.13% $3,779
BAY EQUITY LLC 1 6.49% $3,392
Blackhawk Bank 1 6.25% $3,885
BROKER SOLUTIONS, INC. 1 6.75% $6,290
Byron Bank 1 6.88% $2,498
CARDINAL FINANCIAL 1 6.88% $5,447
CoVantage Credit Union 1 7.25% $3,816
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $5,035
Deere Employees Credit Union 1 4.99% $2,940
DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $3,477
DUPACO COMMUNITY 1 6.13% $3,591
First Horizon Bank 1 6.25% $5,104
First National Bank of Omaha 1 6.13% $2,555
FIRST NORTHERN Credit Union 1 6.75% $2,751
Flanagan State Bank 1 7.25% $3,201
GREAT LAKES 1 5.75% $4,939
IAA Credit Union 1 5.88% $3,022
Johnson Bank 1 6.35% $2,551
LOANDEPOT.COM, LLC 1 6.13% $5,340
Mortgage Research Center, LLC 1 6.75% $5,746
Morton Community Bank 1 5.63% $2,254
NAVY FEDERAL CREDIT UNION 1 6.50% $2,382
NexBank 1 7.38% $3,616
NEXERA HOLDING LLC 1 9.25% $9,276

Dixon Average Closing Costs & Other Stats

Dixon, IL's 55 lenders originated 361 loans during 2023. The total origination value was $49,415,000, with an average loan value of $136,884.

Dixon's average closing costs are $3,998.

The top Dixon lender as defined by loan originations is ENVOY MORTGAGE, LTD, with 8 loans originated. Their average total fees are $5,022, which is $1,895 higher than the next largest lender, Midland States Bank.

The lowest fee Dixon lenders (with over 10 loans originated) are .

The lowest rate Dixon lenders (with over 10 loans originated) are .

Dixon, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Sauk Valley Bank & Trust Company $8,285,000 $6,360,000 -23.2% 12.9%
Central Bank Illinois $1,105,000 $3,100,000 180.5% 6.3%
QUICKEN LOANS, LLC $4,275,000 $2,700,000 -36.8% 5.5%
First State Bank $5,400,000 $1,925,000 -64.4% 3.9%
Midland States Bank $1,740,000 $1,815,000 4.3% 3.7%
Mortgage Research Center, LLC $2,100,000 $1,715,000 -18.3% 3.5%
U.S. Bank $3,555,000 $1,625,000 -54.3% 3.3%
ENVOY MORTGAGE, LTD $1,340,000 $1,460,000 9.0% 3.0%
JPMorgan Chase Bank $765,000 $1,240,000 62.1% 2.5%
GUARANTEED RATE, INC. $1,620,000 $1,230,000 -24.1% 2.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $600,000 $1,170,000 95.0% 2.4%
GREENSTATE CREDIT UNION $1,165,000 n/a 2.4%
The Huntington National Bank $470,000 $1,095,000 133.0% 2.2%
GUILD MORTGAGE COMPANY $1,030,000 n/a 2.1%
BROKER SOLUTIONS, INC. $360,000 $985,000 173.6% 2.0%
First National Bank of Omaha $160,000 $940,000 487.5% 1.9%
COMPEER FINANCIAL, FLCA $820,000 n/a 1.7%
DRAPER AND KRAMER MORTGAGE CORP. $810,000 n/a 1.6%
CALIBER HOME LOANS, INC. $1,225,000 $715,000 -41.6% 1.4%
Ottawa Savings Bank $700,000 n/a 1.4%
UNITED WHOLESALE MORTGAGE, LLC $1,215,000 $655,000 -46.1% 1.3%
Fifth Third Bank $1,390,000 $635,000 -54.3% 1.3%
CROSSCOUNTRY MORTGAGE, LLC $645,000 $585,000 -9.3% 1.2%
Flanagan State Bank $870,000 $565,000 -35.1% 1.1%
Old National Bank $220,000 $550,000 150.0% 1.1%
PLANET HOME LENDING, LLC $1,745,000 $550,000 -68.5% 1.1%
COMPASS MORTGAGE, INC. $1,340,000 $515,000 -61.6% 1.0%
Wells Fargo Bank $1,035,000 $510,000 -50.7% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $555,000 $480,000 -13.5% 1.0%
Union Savings Bank $265,000 $440,000 66.0% 0.9%
BMO Harris Bank $330,000 $405,000 22.7% 0.8%
Deere Employees Credit Union $400,000 n/a 0.8%
Resource Bank, N.A. $400,000 n/a 0.8%
USAA Federal Savings Bank $460,000 $385,000 -16.3% 0.8%
CARDINAL FINANCIAL $360,000 n/a 0.7%
Wintrust Bank, N.A. $355,000 n/a 0.7%
Citizens Bank $340,000 n/a 0.7%
FINANCIAL PLUS $585,000 $340,000 -41.9% 0.7%
ILLINOIS STATE CREDIT UNION $290,000 n/a 0.6%
Plains Commerce Bank $285,000 n/a 0.6%
LOANDEPOT.COM, LLC $1,600,000 $280,000 -82.5% 0.6%
NUMARK CREDIT UNION $270,000 n/a 0.5%
Holcomb Bank $935,000 $260,000 -72.2% 0.5%
FIRST CENTENNIAL MORTGAGE CORPORATION $350,000 $250,000 -28.6% 0.5%
Old Second National Bank $525,000 $250,000 -52.4% 0.5%
Johnson Bank $235,000 n/a 0.5%
NEWREZ LLC $85,000 $235,000 176.5% 0.5%
Stillman Bank $150,000 $235,000 56.7% 0.5%
INB $225,000 n/a 0.5%
NEXERA HOLDING LLC $215,000 n/a 0.4%
ROYAL UNITED MORTGAGE LLC $215,000 n/a 0.4%
The Federal Savings Bank $205,000 n/a 0.4%
Morton Community Bank $200,000 n/a 0.4%
AmeriHome Mortgage Company, LLC $195,000 n/a 0.4%
Barrington Bank & Trust Company, N.A. $195,000 n/a 0.4%
Byron Bank $155,000 $195,000 25.8% 0.4%
NexBank $185,000 n/a 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $175,000 n/a 0.4%
FIRST NORTHERN Credit Union $170,000 n/a 0.3%
Neighborhood Loans, Inc. $335,000 $170,000 -49.3% 0.3%
First Horizon Bank $165,000 n/a 0.3%
PREMIER MORTGAGE RESOURCES, L.L.C. $165,000 n/a 0.3%
ACADEMY MORTGAGE CORPORATION $110,000 $160,000 45.5% 0.3%
Community Mortgage Banc Corporation $105,000 $150,000 42.9% 0.3%
BAY EQUITY LLC $145,000 n/a 0.3%
IAA Credit Union $145,000 n/a 0.3%
NAVY FEDERAL CREDIT UNION $325,000 $145,000 -55.4% 0.3%
UNION HOME MORTGAGE CORP. $205,000 $145,000 -29.3% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $135,000 n/a 0.3%
EVERETT FINANCIAL, INC. $125,000 n/a 0.3%
GREAT LAKES $125,000 n/a 0.3%
DUPACO COMMUNITY $120,000 n/a 0.2%
CoVantage Credit Union $115,000 n/a 0.2%
The Harvard State Bank $115,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $155,000 $115,000 -25.8% 0.2%
Paramount Residential Mortgage Group, Inc. $240,000 $95,000 -60.4% 0.2%
Summit Credit Union $85,000 n/a 0.2%
The First National Bank of Ottawa $85,000 n/a 0.2%
Rock Valley Credit Union $235,000 $80,000 -66.0% 0.2%
Associated Bank $85,000 $75,000 -11.8% 0.2%
PNC Bank $70,000 n/a 0.1%
Blackhawk Bank $115,000 $65,000 -43.5% 0.1%
I. H. MISSISSIPPI VALLEY CREDIT UNION $215,000 $60,000 -72.1% 0.1%
COMMUNITY STATE BANK $55,000 n/a 0.1%
Cornerstone Credit Union $55,000 n/a 0.1%
Discover Bank $55,000 n/a 0.1%
HealthCare Associates Credit Union $90,000 $45,000 -50.0% 0.1%
CITIZENS EQUITY FIRST $155,000 $25,000 -83.9% 0.1%
Coastal Community Bank $25,000 n/a 0.1%

Dixon's top lender by overall market share is Sauk Valley Bank & Trust Company, with 12.9% market share. In second place, with 6.3%, is Central Bank Illinois, having originated $3,100,000 in loans. In third place, with 5.5%, is QUICKEN LOANS, LLC, having originated $2,700,000 in loans. In fourth place, with 3.9%, is First State Bank, having originated $1,925,000 in loans. In fifth place, with 3.7%, is Midland States Bank, having originated $1,815,000 in loans.

Dixon, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 238 $37,770,000 $158,697
Refi 51 $5,605,000 $109,902
Cash Out Refi 28 $3,000,000 $107,143
Other 27 $1,875,000 $69,444
Home Improvement 17 $1,165,000 $68,529

Dixon's most frequently cited loan purpose was Home Purchase, with 238 originations. The 2nd most popular reason was Refi, with 51 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 128 $20,130,000 $157,266
7-8% 80 $11,400,000 $142,500
Over 8% 39 $3,635,000 $93,205
5-6% 31 $4,605,000 $148,548
<2.5% 11 $115,000 $10,455
3-4% 5 $275,000 $55,000
4-5% 4 $690,000 $172,500

During 2023, Dixon's most frequently originated rate bucket was 6-7%, with 128 originations.

Loan Sizing (Dixon, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 149 $21,445,000 $143,926
$100,000 or less 147 $7,775,000 $52,891
$200k-400k 57 $16,075,000 $282,018
$400k-600k 7 $3,425,000 $489,286
$600k-1000k 1 $695,000 $695,000

Dixon's loan sizing saw the bucket of loans from $100k-200k with 149 originations, totaling $21,445,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 141 $23,165,000 $164,291
60-80% 66 $10,290,000 $155,909
20-40% 34 $2,740,000 $80,588
Under 20% 29 $605,000 $20,862
40-60% 26 $2,830,000 $108,846
Over 100% 5 $1,235,000 $247,000

Dixon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 141 originations, totaling $23,165,000 in origination value.