Freeport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Freeport averaged
7.02%
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
6.75% and
one month ago for the week of 2025-05-15, the
average rate was 7.02%.
Freeport's average rate one year ago was 6.86%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.11%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Freeport 30 Year Fixed Rate | 2025-06-18 | 7.02% |
| Freeport 30 Year Fixed Rate Refi | 2025-06-18 | 7.11% |
| Freeport 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Freeport 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Freeport 30 Year FHA | 2025-06-18 | 0% |
| Freeport 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Freeport 30 Year USDA | 2025-06-18 | 0% |
| Freeport 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Freeport 30 Year VA | 2025-06-18 | -0.2% |
| Freeport 30 Year VA Refi | 2025-06-18 | -0.1% |
Freeport 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 Freeport, 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.).
Freeport Average Closing Costs & Other Stats
Freeport, IL's 58 lenders originated 565
loans during 2024. The total origination value was $70,065,000, with an average loan value of
$124,009.
Freeport's average closing costs are $3,778.
The top Freeport lender as defined by loan originations is GREENSTATE CREDIT UNION, with
62 loans originated. Their average total fees are
$3,167, which is $501
lower than the next largest lender,
NORTHWEST BANK OF ROCKFORD.
The lowest fee Freeport lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($3,167), NORTHWEST BANK OF ROCKFORD ($3,668), U.S. Bank ($3,701), QUICKEN LOANS, LLC ($5,003) and GUILD MORTGAGE COMPANY ($5,172).
The lowest rate Freeport lenders (with over 10 loans originated) are
NORTHWEST BANK OF ROCKFORD (6.50%), QUICKEN LOANS, LLC (6.75%), GREENSTATE CREDIT UNION (6.79%), U.S. Bank (6.82%) and GUILD MORTGAGE COMPANY (7.00%).
Freeport, 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 | $8,720,000 | $11,295,000 | 29.5% | 16.1% |
| QUICKEN LOANS, LLC | $2,940,000 | $4,720,000 | 60.5% | 6.7% |
| NORTHWEST BANK OF ROCKFORD | $890,000 | $3,890,000 | 337.1% | 5.6% |
| Union Savings Bank | $2,630,000 | $3,050,000 | 16.0% | 4.4% |
| U.S. Bank | $2,790,000 | $3,035,000 | 8.8% | 4.3% |
| Mortgage Research Center, LLC | $2,615,000 | $3,030,000 | 15.9% | 4.3% |
| GUILD MORTGAGE COMPANY | $715,000 | $2,755,000 | 285.3% | 3.9% |
| The Bank of New Glarus | $1,445,000 | $2,545,000 | 76.1% | 3.6% |
| Cornerstone Credit Union | $1,390,000 | $2,330,000 | 67.6% | 3.3% |
| Fifth Third Bank | $600,000 | $1,955,000 | 225.8% | 2.8% |
| Woodford State Bank | $1,820,000 | $1,715,000 | -5.8% | 2.4% |
| First Mid Bank & Trust | $75,000 | $1,395,000 | 1,760.0% | 2.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $620,000 | $1,125,000 | 81.5% | 1.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $605,000 | $1,075,000 | 77.7% | 1.5% |
| JPMorgan Chase Bank | $670,000 | $1,035,000 | 54.5% | 1.5% |
| Flanagan State Bank | $175,000 | $975,000 | 457.1% | 1.4% |
| Stillman Bank | $930,000 | n/a | 1.3% | |
| Barrington Bank & Trust Company, N.A. | $505,000 | $925,000 | 83.2% | 1.3% |
| COMPEER FINANCIAL, FLCA | $1,630,000 | $865,000 | -46.9% | 1.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,155,000 | $855,000 | -60.3% | 1.2% |
| LOANDEPOT.COM, LLC | $465,000 | $785,000 | 68.8% | 1.1% |
| PLAZA HOME MORTGAGE, INC. | $1,385,000 | $755,000 | -45.5% | 1.1% |
| BROKER SOLUTIONS, INC. | $235,000 | $695,000 | 195.7% | 1.0% |
| Home State Bank | $695,000 | n/a | 1.0% | |
| NEWREZ LLC | $210,000 | $685,000 | 226.2% | 1.0% |
| Byron Bank | $525,000 | $680,000 | 29.5% | 1.0% |
| Citibank | $675,000 | n/a | 1.0% | |
| ENVOY MORTGAGE, LTD | $530,000 | $665,000 | 25.5% | 0.9% |
| Discover Bank | $75,000 | $625,000 | 733.3% | 0.9% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $550,000 | n/a | 0.8% | |
| Arvest Bank | $545,000 | n/a | 0.8% | |
| DUPACO COMMUNITY | $70,000 | $505,000 | 621.4% | 0.7% |
| The First National Bank and Trust Company | $1,130,000 | $465,000 | -58.8% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $100,000 | $450,000 | 350.0% | 0.6% |
| SUMMIT FUNDING, INC. | $445,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $205,000 | $410,000 | 100.0% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $200,000 | $385,000 | 92.5% | 0.5% |
| Sauk Valley Bank & Trust Company | $325,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $440,000 | $315,000 | -28.4% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $155,000 | $305,000 | 96.8% | 0.4% |
| Carrington Mortgage Services, LLC | $270,000 | $300,000 | 11.1% | 0.4% |
| ZILLOW HOME LOANS, LLC | $460,000 | $300,000 | -34.8% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $330,000 | $285,000 | -13.6% | 0.4% |
| Johnson Bank | $285,000 | n/a | 0.4% | |
| University of Wisconsin Credit Union | $165,000 | $275,000 | 66.7% | 0.4% |
| First Community Credit Union | $780,000 | $260,000 | -66.7% | 0.4% |
| First Federal Bank | $255,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $385,000 | $255,000 | -33.8% | 0.4% |
| Plains Commerce Bank | $85,000 | $250,000 | 194.1% | 0.4% |
| First State Bank | $245,000 | n/a | 0.3% | |
| Prosperity Home Mortgage, LLC | $245,000 | n/a | 0.3% | |
| Associated Bank | $295,000 | $240,000 | -18.6% | 0.3% |
| ILLINOIS STATE CREDIT UNION | $360,000 | $225,000 | -37.5% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $215,000 | n/a | 0.3% | |
| TOWNE MORTGAGE COMPANY | $215,000 | n/a | 0.3% | |
| S1L, Inc. | $195,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $185,000 | n/a | 0.3% | |
| LAKEVIEW LOAN SERVICING, LLC | $165,000 | n/a | 0.2% | |
| BMO Harris Bank | $540,000 | $160,000 | -70.4% | 0.2% |
| CoVantage Credit Union | $155,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $475,000 | $155,000 | -67.4% | 0.2% |
| Rock Valley Credit Union | $155,000 | n/a | 0.2% | |
| TBK BANK, SSB | $155,000 | n/a | 0.2% | |
| FIRST NORTHERN Credit Union | $185,000 | $150,000 | -18.9% | 0.2% |
| Citizens Bank | $140,000 | n/a | 0.2% | |
| FLAT BRANCH MORTGAGE, INC. | $140,000 | n/a | 0.2% | |
| Coastal Community Bank | $90,000 | $135,000 | 50.0% | 0.2% |
| Fidelity Bank & Trust | $135,000 | n/a | 0.2% | |
| Princeton Mortgage Corporation | $135,000 | n/a | 0.2% | |
| The Harvard State Bank | $135,000 | n/a | 0.2% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $130,000 | n/a | 0.2% | |
| Blackhawk Community Credit Union | $125,000 | n/a | 0.2% | |
| Deere Employees Credit Union | $145,000 | $125,000 | -13.8% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $125,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $125,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $115,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $115,000 | n/a | 0.2% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $105,000 | n/a | 0.1% | |
| Warren-Boynton State Bank | $105,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $270,000 | $100,000 | -63.0% | 0.1% |
| Holcomb Bank | $95,000 | $95,000 | 0.0% | 0.1% |
| Summit Credit Union | $740,000 | $95,000 | -87.2% | 0.1% |
| DAS Acquisition Company, LLC | $135,000 | $85,000 | -37.0% | 0.1% |
| Petefish, Skiles & Co. | $85,000 | n/a | 0.1% | |
| Servion, Inc. | $85,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $85,000 | n/a | 0.1% | |
| Secured Investment Corp. | $75,000 | n/a | 0.1% | |
| Wells Fargo Bank | $655,000 | $75,000 | -88.5% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $70,000 | n/a | 0.1% | |
| Midland States Bank | $345,000 | $70,000 | -79.7% | 0.1% |
| Bankers' Bank | $105,000 | $65,000 | -38.1% | 0.1% |
| DuPage Credit Union | $65,000 | n/a | 0.1% | |
| The Huntington National Bank | $65,000 | n/a | 0.1% | |
| PNC Bank | $495,000 | $55,000 | -88.9% | 0.1% |
| QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $55,000 | n/a | 0.1% | |
| CITIZENS EQUITY FIRST | $45,000 | n/a | 0.1% | |
| First American Bank | $25,000 | $45,000 | 80.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $35,000 | $25,000 | -28.6% | 0.0% |
| Figure Lending LLC | $15,000 | n/a | 0.0% |
Freeport's top lender by overall market share is GREENSTATE CREDIT UNION, with 16.1% market share. In second place, with 6.7%, is QUICKEN LOANS, LLC, having originated $4,720,000 in loans. In third place, with 5.6%, is NORTHWEST BANK OF ROCKFORD, having originated $3,890,000 in loans. In fourth place, with 4.4%, is Union Savings Bank, having originated $3,050,000 in loans. In fifth place, with 4.3%, is U.S. Bank, having originated $3,035,000 in loans.
Freeport, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 378 | $52,460,000 | $138,783 |
| Cash Out Refi | 64 | $7,400,000 | $115,625 |
| Refi | 44 | $5,650,000 | $128,409 |
| Other | 43 | $2,755,000 | $64,070 |
| Home Improvement | 36 | $1,800,000 | $50,000 |
Freeport's most frequently cited loan purpose was Home Purchase, with 378 originations. The 2nd most popular reason was Cash Out Refi, with 64 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 216 | $31,010,000 | $143,565 |
| 7-8% | 119 | $17,805,000 | $149,622 |
| Over 8% | 70 | $4,370,000 | $62,429 |
| 5-6% | 54 | $7,880,000 | $145,926 |
| <2.5% | 15 | $135,000 | $9,000 |
| 4-5% | 1 | $155,000 | $155,000 |
During 2024, Freeport's most frequently originated rate bucket was 6-7%, with 216 originations.
Loan Sizing (Freeport, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 277 | $16,165,000 | $58,357 |
| $100k-200k | 200 | $27,880,000 | $139,400 |
| $200k-400k | 76 | $19,380,000 | $255,000 |
| $400k-600k | 8 | $3,850,000 | $481,250 |
| $600k-1000k | 4 | $2,790,000 | $697,500 |
Freeport's loan sizing saw the bucket of loans from $100,000 or less with 277 originations, totaling $16,165,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 237 | $37,195,000 | $156,941 |
| 60-80% | 100 | $14,960,000 | $149,600 |
| 20-40% | 54 | $3,670,000 | $67,963 |
| Under 20% | 44 | $990,000 | $22,500 |
| 40-60% | 35 | $3,325,000 | $95,000 |
| Over 100% | 2 | $320,000 | $160,000 |
Freeport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 237 originations, totaling $37,195,000 in origination value.