Effingham Mortgage Rates

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

30 Year Fixed Rate mortgages in Effingham averaged 5.58% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.79% and one month ago for the week of 2022-05-26, the average rate was 5.28%.

Effingham's average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.47%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Effingham 30 Year Fixed Rate 2022-06-30 5.58%
Effingham 30 Year Fixed Rate Refi 2022-06-30 5.47%
Effingham 15 Year Fixed Rate 2022-06-30 5.2%
Effingham 15 Year Fixed Rate Refi 2022-06-30 4.97%
Effingham 30 Year FHA 2022-06-30 6.04%
Effingham 30 Year FHA Refi 2022-06-30 5.97%
Effingham 30 Year USDA 2022-06-30 5.84%
Effingham 30 Year USDA Refi 2022-06-30 5.41%
Effingham 30 Year VA 2022-06-30 5.67%
Effingham 30 Year VA Refi 2022-06-30 5.27%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Effingham, IL.

Effingham Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Effingham, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Petefish, Skiles & Co. 52 3.02% $3,559
Midland States Bank 26 3.18% $2,978
QUICKEN LOANS, LLC 20 3.21% $4,494
First Mid Bank & Trust 11 3.22% $2,338
First National Bank of Waterloo 9 3.22% $1,859
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 3.09% $2,897
Fifth Third Bank 7 3.38% $2,944
CELEBRITY HOME LOANS, LLC 6 2.96% $3,171
Farm Credit Mid-America, ACA 6 3.63% $7,009
AMERISAVE MORTGAGE CORPORATION 3 2.88% $4,874
Bank of Hillsboro 3 2.88% $1,852
JPMorgan Chase Bank 2 2.81% $378
Mr. Cooper ( Nationstar Mortgage ) 2 3.88% $3,926
First Financial Bank 2 3.50% $2,632
United Community Bank 2 2.99% $1,218
LOANDEPOT.COM, LLC 2 3.18% $5,077
GENEVA FINANCIAL, LLC 1 3.50% $2,786
GERSHMAN INVESTMENT CORP. 1 3.38% $2,006
GSF Mortgage Corporation 1 2.88% $3,527
GUARANTEED RATE, INC. 1 3.50% $4,466
Heartland Bank and Trust Company 1 3.75% $3,042
IAA Credit Union 1 3.00% $1,829
INB 1 2.88% $3,487
Iroquois Federal Savings and Loan Association 1 3.00% $2,188
Ixonia Bank 1 3.50% $3,352
NAVY FEDERAL CREDIT UNION 1 3.63% $2,237
NBKC BANK 1 3.00% $2,178
Peoples National Bank , N.A. 1 3.00% $1,321
PNC Bank 1 3.38% $1,926
ROYAL UNITED MORTGAGE LLC 1 4.25% $13,562
RUOFF MORTGAGE COMPANY, INC. 1 3.00% $2,448
SCOTT CREDIT UNION 1 3.00% $2,618
Stifel Bank and Trust 1 2.88% $1,974
U.S. Bank 1 2.75% $3,268
ALLIANT CREDIT UNION 1 3.38% $3,984
Wells Fargo Bank 1 2.13% $3,701
Arvest Bank 1 3.00% $2,887
Bank of America 1 1.13% $7,800
Bank of England 1 3.13% $2,696
Bank of Springfield 1 2.85% $2,318
Barrington Bank & Trust Company, N.A. 1 3.38% $2,638
BROKER SOLUTIONS, INC. 1 3.25% $2,652
CHURCHILL MORTGAGE CORPORATION 1 3.13% $2,761
CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $2,916
DAS Acquisition Company, LLC 1 2.88% $3,087
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $3,222
EVANSVILLE TEACHERS 1 3.00% $2,482
First Bank 1 3.25% $2,622
First Midwest Bank 1 2.63% $2,419
FLAT BRANCH MORTGAGE, INC. 1 2.63% $3,051
FREEDOM MORTGAGE CORPORATION 1 3.25% $1,400

Effingham, IL's 51 lenders originated 878 loans during 2021. The total origination value was $155,550,000, with an average loan value of $177,164.

The top Effingham lender as defined by loan originations is Petefish, Skiles & Co., with 52 loans originated. Their average total fees are $3,559, which is $582 higher than the next largest lender, Midland States Bank.

The lowest fee Effingham lenders (with over 10 loans originated) are First Mid Bank & Trust ($2,338), Midland States Bank ($2,978), Petefish, Skiles & Co. ($3,559), QUICKEN LOANS, LLC ($4,494) and .

The lowest rate Effingham lenders (with over 10 loans originated) are Petefish, Skiles & Co. (3.02%), Midland States Bank (3.18%), QUICKEN LOANS, LLC (3.21%), First Mid Bank & Trust (3.22%) and .

Effingham, IL Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Dieterich Bank $84,095,000 $50,310,000 -40.2% 32.3%
Petefish, Skiles & Co. $43,290,000 $18,960,000 -56.2% 12.2%
Midland States Bank $18,090,000 $12,025,000 -33.5% 7.7%
QUICKEN LOANS, LLC $5,495,000 $9,020,000 64.1% 5.8%
First National Bank of Waterloo $5,620,000 $5,690,000 1.2% 3.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,570,000 $5,555,000 116.1% 3.6%
CELEBRITY HOME LOANS, LLC $2,940,000 $5,075,000 72.6% 3.3%
Fifth Third Bank $6,685,000 $4,995,000 -25.3% 3.2%
WALKER & DUNLOP, LLC $3,045,000 n/a 2.0%
First Mid Bank & Trust $4,820,000 $2,810,000 -41.7% 1.8%
Mortgage Research Center, LLC $1,290,000 $2,255,000 74.8% 1.4%
Farm Credit Mid-America, ACA $1,405,000 $2,250,000 60.1% 1.4%
BROKER SOLUTIONS, INC. $390,000 $2,175,000 457.7% 1.4%
GUARANTEED RATE, INC. $1,280,000 n/a 0.8%
FREEDOM MORTGAGE CORPORATION $1,235,000 $1,265,000 2.4% 0.8%
Bank of Hillsboro $2,605,000 $1,255,000 -51.8% 0.8%
JPMorgan Chase Bank $1,240,000 n/a 0.8%
PENNYMAC LOAN SERVICES, LLC $1,150,000 n/a 0.7%
FLAT BRANCH MORTGAGE, INC. $175,000 $1,115,000 537.1% 0.7%
The Peoples State Bank of Newton, Illinois $2,310,000 $950,000 -58.9% 0.6%
GERSHMAN INVESTMENT CORP. $125,000 $920,000 636.0% 0.6%
CHURCHILL MORTGAGE CORPORATION $420,000 $705,000 67.9% 0.5%
RUOFF MORTGAGE COMPANY, INC. $270,000 $690,000 155.6% 0.4%
NEWREZ LLC $680,000 n/a 0.4%
The Federal Savings Bank $710,000 $680,000 -4.2% 0.4%
Wells Fargo Bank $665,000 n/a 0.4%
Bank of Springfield $650,000 n/a 0.4%
Heartland Bank and Trust Company $225,000 $610,000 171.1% 0.4%
AMERISAVE MORTGAGE CORPORATION $325,000 $595,000 83.1% 0.4%
U.S. Bank $405,000 $590,000 45.7% 0.4%
NAVY FEDERAL CREDIT UNION $515,000 $550,000 6.8% 0.4%
First Financial Bank $85,000 $545,000 541.2% 0.4%
INB $545,000 n/a 0.4%
Mr. Cooper ( Nationstar Mortgage ) $1,125,000 $525,000 -53.3% 0.3%
ROYAL UNITED MORTGAGE LLC $75,000 $515,000 586.7% 0.3%
LOANDEPOT.COM, LLC $605,000 $510,000 -15.7% 0.3%
The Huntington National Bank $475,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $380,000 $470,000 23.7% 0.3%
Arvest Bank $460,000 n/a 0.3%
Bank of England $155,000 $430,000 177.4% 0.3%
United Community Bank $350,000 $415,000 18.6% 0.3%
EVANSVILLE TEACHERS $35,000 $405,000 1,057.1% 0.3%
FIELD & MAIN BANK, INC. $405,000 n/a 0.3%
Barrington Bank & Trust Company, N.A. $125,000 $400,000 220.0% 0.3%
Iroquois Federal Savings and Loan Association $375,000 n/a 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $365,000 n/a 0.2%
First Midwest Bank $355,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $295,000 $325,000 10.2% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $285,000 n/a 0.2%
Ixonia Bank $285,000 n/a 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $145,000 $280,000 93.1% 0.2%
GSF Mortgage Corporation $275,000 n/a 0.2%
ALLIANT CREDIT UNION $270,000 n/a 0.2%
SUN WEST MORTGAGE COMPANY, INC. $125,000 $265,000 112.0% 0.2%
The Bradford National Bank of Greenville $330,000 $265,000 -19.7% 0.2%
DAS Acquisition Company, LLC $255,000 n/a 0.2%
Carrington Mortgage Services, LLC $285,000 $245,000 -14.0% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $85,000 $245,000 188.2% 0.2%
CALIBER HOME LOANS, INC. $350,000 $240,000 -31.4% 0.2%
Peoples National Bank , N.A. $195,000 $235,000 20.5% 0.2%
RESIDENTIAL BANCORP. $235,000 n/a 0.2%
Peoples Bank of Kankakee County $225,000 n/a 0.1%
Stifel Bank and Trust $145,000 $225,000 55.2% 0.1%
Bank of America $105,000 $220,000 109.5% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $215,000 n/a 0.1%
21ST MORTGAGE CORPORATION $510,000 $205,000 -59.8% 0.1%
IAA Credit Union $195,000 n/a 0.1%
SCOTT CREDIT UNION $195,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $455,000 $185,000 -59.3% 0.1%
Community Mortgage Banc Corporation $440,000 $180,000 -59.1% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $175,000 n/a 0.1%
F&B Acquisition Group LLC $175,000 n/a 0.1%
PNC Bank $55,000 $175,000 218.2% 0.1%
Regions Bank $175,000 n/a 0.1%
United Fidelity Funding Corp. $175,000 n/a 0.1%
HOME POINT FINANCIAL CORPORATION $165,000 n/a 0.1%
PHH Mortgage Corporation $165,000 n/a 0.1%
THRIVENT Federal Credit Union $165,000 n/a 0.1%
MORIA DEVELOPMENT, INC. $155,000 n/a 0.1%
SIRVA MORTGAGE, INC. $155,000 n/a 0.1%
NBKC BANK $145,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $135,000 n/a 0.1%
SOUTH CENTRAL BANK, INC. $135,000 n/a 0.1%
THRIVE MORTGAGE, LLC $135,000 n/a 0.1%
1ST MIDAMERICA $115,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $115,000 n/a 0.1%
First Bank $115,000 n/a 0.1%
Legence Bank $105,000 n/a 0.1%
The FNB Community Bank $185,000 $85,000 -54.1% 0.1%
ADVIA $75,000 n/a 0.0%
Fidelity Bank $645,000 $75,000 -88.4% 0.0%
GENEVA FINANCIAL, LLC $65,000 n/a 0.0%
Flagstar Bank, FSB $215,000 $45,000 -79.1% 0.0%
Figure Lending LLC $25,000 $25,000 0.0% 0.0%

Effingham's top lender by overall market share is Dieterich Bank, with 32.3% market share. In second place, with 12.2%, is Petefish, Skiles & Co., having originated $18,960,000 in loans. In third place, with 7.7%, is Midland States Bank, having originated $12,025,000 in loans. In third place, with 5.8%, is QUICKEN LOANS, LLC, having originated $9,020,000 in loans. In third place, with 3.7%, is First National Bank of Waterloo, having originated $5,690,000 in loans.


Effingham, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 419 $79,245,000 $189,129
Refi 272 $46,230,000 $169,963
Cash Out Refi 149 $26,715,000 $179,295
Other 32 $2,980,000 $93,125
Home Improvement 6 $380,000 $63,333

Effingham's most frequently cited loan purpose was Home Purchase, with 419 originations. The 2nd most popular reason was Refi, with 272 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 228 $43,580,000 $191,140
3-4% 220 $40,340,000 $183,364
<2.5% 109 $16,975,000 $155,734
4-5% 13 $1,615,000 $124,231
5-6% 3 $295,000 $98,333
7-8% 3 $125,000 $41,667
6-7% 2 $180,000 $90,000
Over 8% 1 $95,000 $95,000

During 2021, Effingham's most frequently originated rate bucket was 2.5-3%, with 228 originations.

Loan Sizing (Effingham, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 378 $55,700,000 $147,354
$100,000 or less 236 $15,430,000 $65,381
$200k-400k 217 $57,395,000 $264,493
$400k-600k 40 $19,190,000 $479,750
$600k-1000k 5 $3,555,000 $711,000
$Over $1MM 2 $4,280,000 $2,140,000

Effingham's loan sizing saw the bucket of loans from $100k-200k with 378 originations, totaling $55,700,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 288 $53,540,000 $185,903
60-80% 167 $35,325,000 $211,527
40-60% 45 $6,995,000 $155,444
20-40% 37 $3,325,000 $89,865
Under 20% 19 $485,000 $25,526
Over 100% 5 $835,000 $167,000

Effingham's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 288 originations, totaling $53,540,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Effingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $187,500 (14.1%) $246,062 (3.3%) 0.00 76
2018-02-01 $167,400 (-3.8%) $233,309 (-6.2%) 0.00 81
2018-03-01 $198,000 (5.7%) $240,536 (-6.0%) 0.00 101
2018-04-01 $199,900 (8.1%) $242,379 (-5.7%) 0.00 115
2018-05-01 $194,500 (2.9%) $236,098 (-9.9%) 0.00 124
2018-06-01 $199,900 (5.8%) $219,923 (-10.7%) 0.00 126
2018-07-01 $199,900 (8.1%) $220,296 (-12.1%) 0.00 127
2018-08-01 $198,700 (13.6%) $212,958 (-13.7%) 0.00 124
2018-09-01 $190,000 (14.5%) $210,823 (-6.8%) 0.00 129
2018-10-01 $174,900 (0.0%) $209,300 (-10.1%) 0.00 127
2018-11-01 $179,900 (1.7%) $206,788 (-16.0%) 0.00 119
2018-12-01 $169,900 (-12.8%) $197,890 (-18.7%) 0.00 104
2019-01-01 $155,900 (-16.9%) $194,879 (-20.8%) 0.00 98
2019-02-01 $167,400 (0.0%) $209,734 (-10.1%) 0.00 98
2019-03-01 $174,014 (-12.1%) $226,784 (-5.7%) 0.00 97
2019-04-01 $178,814 (-10.6%) $235,473 (-2.9%) 0.00 97
2019-05-01 $179,700 (-7.6%) $243,521 (3.1%) 0.00 103
2019-06-01 $175,000 (-12.5%) $239,301 (8.8%) 0.00 112
2019-07-01 $173,700 (-13.1%) $232,578 (5.6%) 0.00 121
2019-08-01 $174,943 (-12.0%) $233,002 (9.4%) 0.00 122
2019-09-01 $171,993 (-9.5%) $230,165 (9.2%) 0.00 129
2019-10-01 $176,950 (1.2%) $238,931 (14.2%) 0.00 134
2019-11-01 $169,900 (-5.6%) $230,550 (11.5%) 0.00 136
2019-12-01 $159,900 (-5.9%) $228,183 (15.3%) 0.00 119
2020-01-01 $159,900 (2.6%) $222,930 (14.4%) 0.00 118
2020-02-01 $154,900 (-7.5%) $228,870 (9.1%) 0.00 108
2020-03-01 $175,950 (1.1%) $251,836 (11.1%) 0.00 114
2020-04-01 $179,000 (0.1%) $251,162 (6.7%) 0.00 115
2020-05-01 $199,000 (10.7%) $255,226 (4.8%) 0.00 107
2020-06-01 $214,450 (22.5%) $286,667 (19.8%) 0.00 94
2020-07-01 $218,950 (26.1%) $294,997 (26.8%) 0.00 91
2020-08-01 $225,000 (28.6%) $300,691 (29.1%) 0.00 80
2020-09-01 $227,000 (32.0%) $304,649 (32.4%) 0.00 80
2020-10-01 $225,000 (27.2%) $300,252 (25.7%) 0.00 79
2020-11-01 $184,900 (8.8%) $288,437 (25.1%) 0.00 82
2020-12-01 $169,900 (6.3%) $277,617 (21.7%) 0.00 77
2021-01-01 $175,000 (9.4%) $289,217 (29.7%) 0.00 59
2021-02-01 $219,900 (42.0%) $328,149 (43.4%) 0.00 51
2021-03-01 $214,500 (21.9%) $343,748 (36.5%) 0.00 53
2021-04-01 $251,500 (40.5%) $364,874 (45.3%) 0.00 53
2021-05-01 $187,000 (-6.0%) $319,273 (25.1%) 0.00 54
2021-06-01 $234,450 (9.3%) $338,030 (17.9%) 0.00 55
2021-07-01 $234,450 (7.1%) $341,556 (15.8%) 0.00 50
2021-08-01 $190,000 (-15.6%) $318,673 (6.0%) 0.00 48
2021-09-01 $190,000 (-16.3%) $288,886 (-5.2%) 0.00 50
2021-10-01 $187,000 (-16.9%) $283,580 (-5.6%) 0.00 47
2021-11-01 $198,000 (7.1%) $273,927 (-5.0%) 0.00 49
2021-12-01 $167,400 (-1.5%) $243,260 (-12.4%) 0.00 41
2022-01-01 $144,500 (-17.4%) $227,387 (-21.4%) 0.00 37
2022-02-01 $169,950 (-22.7%) $257,920 (-21.4%) 0.00 28
2022-03-01 $144,500 (-32.6%) $287,343 (-16.4%) 0.00 32
2022-04-01 $175,000 (-30.4%) $276,583 (-24.2%) 0.00 31
2022-05-01 $226,950 (21.4%) $309,926 (-2.9%) 0.00 28
2022-06-01 $270,000 (15.2%) $334,605 (-1.0%) 0.00 23
Effingham's median listing price for 2022-06-01 was $270,000, a difference of $35,550 (15.2%) versus the prior year and $43,050 versus the prior month.

Effingham's median listing price comes in at 0% of the national average.

Effingham's average listing price for 2022-06-01 was $334,605, a difference of $-3,425 (-1.0%) versus the prior year and $24,679 versus the prior month.

For the 2022-06-01 period, Effingham had 23 MLS listings, a difference of -5 listings (-18%) versus the prior month and -32 listings (-58%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Effingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,048 sqft
2018-02-01 0 days 2,049 sqft
2018-03-01 0 days 2,310 sqft
2018-04-01 0 days 2,343 sqft
2018-05-01 0 days 2,102 sqft
2018-06-01 0 days 2,211 sqft
2018-07-01 0 days 2,230 sqft
2018-08-01 0 days 2,146 sqft
2018-09-01 0 days 2,080 sqft
2018-10-01 0 days 2,046 sqft
2018-11-01 0 days 2,056 sqft
2018-12-01 0 days 1,960 sqft
2019-01-01 0 days 1,842 sqft
2019-02-01 0 days 1,856 sqft
2019-03-01 0 days 1,940 sqft
2019-04-01 0 days 2,003 sqft
2019-05-01 0 days 2,068 sqft
2019-06-01 0 days 2,039 sqft
2019-07-01 0 days 2,011 sqft
2019-08-01 0 days 1,952 sqft
2019-09-01 0 days 1,889 sqft
2019-10-01 0 days 1,838 sqft
2019-11-01 0 days 1,892 sqft
2019-12-01 0 days 1,850 sqft
2020-01-01 0 days 1,848 sqft
2020-02-01 0 days 1,848 sqft
2020-03-01 0 days 1,957 sqft
2020-04-01 0 days 2,018 sqft
2020-05-01 0 days 2,042 sqft
2020-06-01 0 days 2,110 sqft
2020-07-01 0 days 2,119 sqft
2020-08-01 0 days 2,159 sqft
2020-09-01 0 days 2,264 sqft
2020-10-01 0 days 2,310 sqft
2020-11-01 0 days 2,021 sqft
2020-12-01 0 days 1,856 sqft
2021-01-01 0 days 1,774 sqft
2021-02-01 0 days 2,016 sqft
2021-03-01 0 days 2,041 sqft
2021-04-01 0 days 2,102 sqft
2021-05-01 0 days 1,600 sqft
2021-06-01 0 days 1,964 sqft
2021-07-01 0 days 2,132 sqft
2021-08-01 0 days 1,960 sqft
2021-09-01 0 days 1,920 sqft
2021-10-01 0 days 2,040 sqft
2021-11-01 0 days 2,001 sqft
2021-12-01 0 days 1,631 sqft
2022-01-01 0 days 1,550 sqft
2022-02-01 0 days 2,048 sqft
2022-03-01 0 days 1,809 sqft
2022-04-01 0 days 1,742 sqft
2022-05-01 0 days 1,918 sqft
2022-06-01 0 days 1,959 sqft
Effingham's median listing age (time on market) for 2022-06-01 was 0 days.

Effingham's median square footage for active listings during the 2022-06-01 period was 1,959 sqft. One year prior, the average listing was 1,964 sqft.