Freeport Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Freeport averaged 6.8% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 7.06% and one month ago for the week of 2024-06-06, the average rate was 6.9%.

Freeport's average rate one year ago was 6.92%.

For refis of the same type during the week of 2024-07-11, the average rate was 7.29%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Freeport 30 Year Fixed Rate 2024-07-11 6.8%
Freeport 30 Year Fixed Rate Refi 2024-07-11 7.29%
Freeport 15 Year Fixed Rate 2024-07-11 6.27%
Freeport 15 Year Fixed Rate Refi 2024-07-11 6.77%
Freeport 30 Year FHA 2024-07-11 6.28%
Freeport 30 Year FHA Refi 2024-07-11 6.56%
Freeport 30 Year USDA 2024-07-11 6.67%
Freeport 30 Year USDA Refi 2024-07-11 6.47%
Freeport 30 Year VA 2024-07-11 6.16%
Freeport 30 Year VA Refi 2024-07-11 6.16%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Freeport, IL.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GREENSTATE CREDIT UNION 45 6.66% $2,738
U.S. Bank 14 7.26% $2,907
PLAZA HOME MORTGAGE, INC. 10 6.66% $4,330
NORTHWEST BANK OF ROCKFORD 9 6.56% $2,958
QUICKEN LOANS, LLC 7 7.18% $4,898
Blackhawk Bank 6 6.83% $4,194
The Bank of New Glarus 6 6.21% $2,155
The First National Bank and Trust Company 5 6.78% $2,434
First Community Credit Union 5 6.60% $2,021
ILLINOIS STATE CREDIT UNION 4 6.44% $2,387
Wells Fargo Bank 4 6.63% $4,421
Byron Bank 4 6.88% $2,263
MUTUAL OF OMAHA MORTGAGE, INC. 3 7.12% $7,076
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.91% $3,609
UNITED WHOLESALE MORTGAGE, LLC 3 6.64% $6,107
Barrington Bank & Trust Company, N.A. 3 6.75% $2,927
CHURCHILL MORTGAGE CORPORATION 3 7.83% $4,213
COMPEER FINANCIAL, FLCA 3 7.96% $3,107
GUILD MORTGAGE COMPANY 2 6.49% $12,090
ENVOY MORTGAGE, LTD 2 6.38% $4,344
Midland States Bank 2 6.25% $4,575
BMO Harris Bank 2 7.94% $3,649
FIRST CENTENNIAL MORTGAGE CORPORATION 2 6.81% $3,534
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.56% $4,744
First National Bank of Omaha 2 7.13% $3,273
GUARANTEED RATE AFFINITY, LLC 2 6.69% $3,412
Summit Credit Union 2 6.69% $2,553
ZILLOW HOME LOANS, LLC 1 6.50% $5,428
Associated Bank 1 6.63% $3,584
Bankers' Bank 1 6.88% $3,211
Bank Five Nine 1 6.50% $2,863
Bank of America 1 6.25% $3,523
BROKER SOLUTIONS, INC. 1 6.50% $3,413
CIBM Bank 1 6.50% $3,206
CROSSCOUNTRY MORTGAGE, LLC 1 9.75% $5,659
Fifth Third Bank 1 6.38% $4,220
First Mid Bank & Trust 1 8.00% $4,127
FIRST NORTHERN Credit Union 1 6.25% $2,624
GUARANTEED RATE, INC. 1 6.13% $6,600
HOMESIDE FINANCIAL, LLC 1 6.99% $3,448
JPMorgan Chase Bank 1 7.49% $5,247
LEADERONE FINANCIAL CORPORATION 1 6.50% $4,889
LOANDEPOT.COM, LLC 1 7.99% $3,343
Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $3,993
Nations Lending Corporation 1 6.63% $4,189
NAVY FEDERAL CREDIT UNION 1 7.63% $1,359
Neighborhood Loans, Inc. 1 6.50% $4,908
NEWREZ LLC 1 6.63% $2,833
Old National Bank 1 8.13% $299
PENTAGON FEDERAL CREDIT UNION 1 5.63% $4,975
PNC Bank 1 6.88% $2,650
ROYAL UNITED MORTGAGE LLC 1 6.00% $9,913
ACADEMY MORTGAGE CORPORATION 1 7.00% $6,383

Freeport Average Closing Costs & Other Stats

Freeport, IL's 53 lenders originated 552 loans during 2023. The total origination value was $58,830,000, with an average loan value of $106,576.

Freeport's average closing costs are $3,640.

The top Freeport lender as defined by loan originations is GREENSTATE CREDIT UNION, with 45 loans originated. Their average total fees are $2,738, which is $169 lower than the next largest lender, U.S. Bank.

The lowest fee Freeport lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($2,738), U.S. Bank ($2,907), PLAZA HOME MORTGAGE, INC. ($4,330), .

The lowest rate Freeport lenders (with over 10 loans originated) are PLAZA HOME MORTGAGE, INC. (6.66%), GREENSTATE CREDIT UNION (6.66%), U.S. Bank (7.26%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
GREENSTATE CREDIT UNION $2,865,000 $8,720,000 204.4% 14.8%
ACADEMY MORTGAGE CORPORATION $2,925,000 $3,515,000 20.2% 6.0%
QUICKEN LOANS, LLC $4,375,000 $2,940,000 -32.8% 5.0%
U.S. Bank $4,820,000 $2,790,000 -42.1% 4.7%
Union Savings Bank $4,270,000 $2,630,000 -38.4% 4.5%
Mortgage Research Center, LLC $3,385,000 $2,615,000 -22.7% 4.4%
UNITED WHOLESALE MORTGAGE, LLC $1,560,000 $2,155,000 38.1% 3.7%
Woodford State Bank $360,000 $1,820,000 405.6% 3.1%
COMPEER FINANCIAL, FLCA $1,830,000 $1,630,000 -10.9% 2.8%
Blackhawk Bank $825,000 $1,605,000 94.5% 2.7%
The Bank of New Glarus $675,000 $1,445,000 114.1% 2.5%
Cornerstone Credit Union $1,390,000 n/a 2.4%
PLAZA HOME MORTGAGE, INC. $1,115,000 $1,385,000 24.2% 2.4%
The First National Bank and Trust Company $2,840,000 $1,130,000 -60.2% 1.9%
NORTHWEST BANK OF ROCKFORD $5,530,000 $890,000 -83.9% 1.5%
First Community Credit Union $430,000 $780,000 81.4% 1.3%
Summit Credit Union $585,000 $740,000 26.5% 1.3%
GUILD MORTGAGE COMPANY $185,000 $715,000 286.5% 1.2%
CHURCHILL MORTGAGE CORPORATION $685,000 n/a 1.2%
JPMorgan Chase Bank $640,000 $670,000 4.7% 1.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $285,000 $655,000 129.8% 1.1%
Wells Fargo Bank $915,000 $655,000 -28.4% 1.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $590,000 $620,000 5.1% 1.1%
CROSSCOUNTRY MORTGAGE, LLC $230,000 $605,000 163.0% 1.0%
Fifth Third Bank $2,295,000 $600,000 -73.9% 1.0%
BMO Harris Bank $550,000 $540,000 -1.8% 0.9%
ENVOY MORTGAGE, LTD $1,345,000 $530,000 -60.6% 0.9%
Byron Bank $180,000 $525,000 191.7% 0.9%
Barrington Bank & Trust Company, N.A. $255,000 $505,000 98.0% 0.9%
PNC Bank $175,000 $495,000 182.9% 0.8%
GUARANTEED RATE AFFINITY, LLC $385,000 $485,000 26.0% 0.8%
MUTUAL OF OMAHA MORTGAGE, INC. $380,000 $475,000 25.0% 0.8%
LOANDEPOT.COM, LLC $615,000 $465,000 -24.4% 0.8%
ZILLOW HOME LOANS, LLC $460,000 n/a 0.8%
USAA Federal Savings Bank $440,000 n/a 0.7%
NAVY FEDERAL CREDIT UNION $370,000 $385,000 4.1% 0.7%
GUARANTEED RATE, INC. $645,000 $380,000 -41.1% 0.6%
ILLINOIS STATE CREDIT UNION $115,000 $360,000 213.0% 0.6%
Midland States Bank $810,000 $345,000 -57.4% 0.6%
VELOCITY COMMERCIAL CAPITAL, LLC $335,000 n/a 0.6%
HOMESIDE FINANCIAL, LLC $115,000 $330,000 187.0% 0.6%
FIRST CENTENNIAL MORTGAGE CORPORATION $675,000 $325,000 -51.9% 0.6%
Neighborhood Loans, Inc. $120,000 $310,000 158.3% 0.5%
Associated Bank $690,000 $295,000 -57.2% 0.5%
PLANET HOME LENDING, LLC $75,000 $290,000 286.7% 0.5%
MARINE $140,000 $285,000 103.6% 0.5%
AMERISAVE MORTGAGE CORPORATION $745,000 $270,000 -63.8% 0.5%
Carrington Mortgage Services, LLC $165,000 $270,000 63.6% 0.5%
CARDINAL FINANCIAL $250,000 $265,000 6.0% 0.5%
First National Bank of Omaha $330,000 $260,000 -21.2% 0.4%
BROKER SOLUTIONS, INC. $390,000 $235,000 -39.7% 0.4%
Bank of America $220,000 n/a 0.4%
Mid-Continent Funding, Inc. $215,000 n/a 0.4%
Nations Lending Corporation $215,000 n/a 0.4%
NEWREZ LLC $310,000 $210,000 -32.3% 0.4%
PENNYMAC LOAN SERVICES, LLC $545,000 $205,000 -62.4% 0.3%
FREEDOM MORTGAGE CORPORATION $360,000 $200,000 -44.4% 0.3%
FIRST NORTHERN Credit Union $125,000 $185,000 48.0% 0.3%
Flanagan State Bank $1,100,000 $175,000 -84.1% 0.3%
INTOUCH CREDIT UNION $165,000 n/a 0.3%
LEADERONE FINANCIAL CORPORATION $165,000 n/a 0.3%
University of Wisconsin Credit Union $220,000 $165,000 -25.0% 0.3%
UNION HOME MORTGAGE CORP. $145,000 $160,000 10.3% 0.3%
ROYAL UNITED MORTGAGE LLC $235,000 $155,000 -34.0% 0.3%
Deere Employees Credit Union $65,000 $145,000 123.1% 0.2%
St Charles Bank & Trust $145,000 n/a 0.2%
DAS Acquisition Company, LLC $135,000 n/a 0.2%
PENTAGON FEDERAL CREDIT UNION $115,000 n/a 0.2%
1st National Bank $105,000 n/a 0.2%
Bankers' Bank $445,000 $105,000 -76.4% 0.2%
COMPASS MORTGAGE, INC. $215,000 $105,000 -51.2% 0.2%
Cornerstone National Bank & Trust Company $105,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $165,000 $100,000 -39.4% 0.2%
CIBM Bank $95,000 n/a 0.2%
Holcomb Bank $375,000 $95,000 -74.7% 0.2%
Coastal Community Bank $90,000 n/a 0.2%
Bank Five Nine $85,000 n/a 0.1%
CALIBER HOME LOANS, INC. $770,000 $85,000 -89.0% 0.1%
Plains Commerce Bank $690,000 $85,000 -87.7% 0.1%
Discover Bank $120,000 $75,000 -37.5% 0.1%
First Mid Bank & Trust $75,000 n/a 0.1%
DUPACO COMMUNITY $205,000 $70,000 -65.9% 0.1%
Old National Bank $390,000 $65,000 -83.3% 0.1%
21ST MORTGAGE CORPORATION $85,000 $35,000 -58.8% 0.1%
The Bank of Brodhead $170,000 $35,000 -79.4% 0.1%
First American Bank $95,000 $25,000 -73.7% 0.0%

Freeport's top lender by overall market share is GREENSTATE CREDIT UNION, with 14.8% market share. In second place, with 6.0%, is ACADEMY MORTGAGE CORPORATION, having originated $3,515,000 in loans. In third place, with 5.0%, is QUICKEN LOANS, LLC, having originated $2,940,000 in loans. In fourth place, with 4.7%, is U.S. Bank, having originated $2,790,000 in loans. In fifth place, with 4.5%, is Union Savings Bank, having originated $2,630,000 in loans.


Freeport Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Freeport (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 $79,950 (-5.8%) $99,850 (-10.1%) 0.00 209
2018-02-01 $81,200 (-4.4%) $102,479 (-10.3%) 0.00 207
2018-03-01 $87,150 (-3.1%) $108,560 (-12.7%) 0.00 203
2018-04-01 $89,950 (-3.2%) $115,711 (-13.1%) 0.00 219
2018-05-01 $91,375 (-8.1%) $120,513 (-12.2%) 0.00 234
2018-06-01 $91,000 (-6.3%) $127,794 (-1.8%) 0.00 229
2018-07-01 $91,950 (2.3%) $129,269 (0.0%) 0.00 224
2018-08-01 $84,975 (-5.5%) $125,905 (-2.1%) 0.00 219
2018-09-01 $85,900 (-4.5%) $124,022 (-2.0%) 0.00 206
2018-10-01 $89,900 (1.9%) $131,047 (11.8%) 0.00 188
2018-11-01 $89,900 (5.9%) $135,685 (18.3%) 0.00 183
2018-12-01 $89,900 (7.1%) $123,162 (14.8%) 0.00 175
2019-01-01 $89,700 (12.2%) $122,297 (22.5%) 0.00 172
2019-02-01 $93,900 (15.6%) $124,206 (21.2%) 0.00 170
2019-03-01 $96,671 (10.9%) $127,232 (17.2%) 0.00 173
2019-04-01 $99,400 (10.5%) $131,998 (14.1%) 0.00 177
2019-05-01 $99,900 (9.3%) $138,259 (14.7%) 0.00 180
2019-06-01 $104,500 (14.8%) $142,608 (11.6%) 0.00 183
2019-07-01 $107,400 (16.8%) $142,015 (9.9%) 0.00 208
2019-08-01 $111,109 (30.8%) $141,660 (12.5%) 0.00 213
2019-09-01 $106,210 (23.6%) $139,176 (12.2%) 0.00 216
2019-10-01 $102,400 (13.9%) $135,334 (3.3%) 0.00 217
2019-11-01 $99,900 (11.1%) $128,056 (-5.6%) 0.00 212
2019-12-01 $90,000 (0.1%) $123,317 (0.1%) 0.00 196
2020-01-01 $90,450 (0.8%) $126,109 (3.1%) 0.00 175
2020-02-01 $89,900 (-4.3%) $128,784 (3.7%) 0.00 166
2020-03-01 $95,150 (-1.6%) $132,519 (4.2%) 0.00 154
2020-04-01 $108,650 (9.3%) $140,219 (6.2%) 0.00 156
2020-05-01 $119,900 (20.0%) $162,716 (17.7%) 0.00 132
2020-06-01 $117,400 (12.3%) $159,194 (11.6%) 0.00 129
2020-07-01 $115,925 (7.9%) $165,504 (16.5%) 0.00 126
2020-08-01 $109,900 (-1.1%) $160,518 (13.3%) 0.00 110
2020-09-01 $101,750 (-4.2%) $149,410 (7.4%) 0.00 106
2020-10-01 $107,900 (5.4%) $164,525 (21.6%) 0.00 100
2020-11-01 $101,750 (1.9%) $157,592 (23.1%) 0.00 97
2020-12-01 $101,400 (12.7%) $158,959 (28.9%) 0.00 99
2021-01-01 $87,500 (-3.3%) $155,110 (23.0%) 0.00 93
2021-02-01 $83,600 (-7.0%) $159,942 (24.2%) 0.00 81
2021-03-01 $82,625 (-13.2%) $156,828 (18.3%) 0.00 71
2021-04-01 $108,308 (-0.3%) $166,932 (19.1%) 0.00 56
2021-05-01 $129,900 (8.3%) $184,733 (13.5%) 0.00 50
2021-06-01 $108,000 (-8.0%) $159,543 (0.2%) 0.00 49
2021-07-01 $90,000 (-22.4%) $155,608 (-6.0%) 0.00 88
2021-08-01 $125,000 (13.7%) $168,055 (4.7%) 0.00 98
2021-09-01 $138,175 (35.8%) $189,221 (26.7%) 0.00 109
2021-10-01 $144,900 (34.3%) $191,381 (16.3%) 0.00 125
2021-11-01 $126,225 (24.1%) $175,239 (11.2%) 0.00 135
2021-12-01 $128,450 (26.7%) $179,464 (12.9%) 0.00 117
2022-01-01 $99,900 (14.2%) $144,579 (-6.8%) 0.00 103
2022-02-01 $106,225 (27.1%) $146,648 (-8.3%) 0.00 87
2022-03-01 $118,400 (43.3%) $161,352 (2.9%) 0.00 68
2022-04-01 $131,400 (21.3%) $171,033 (2.5%) 0.00 70
2022-05-01 $148,750 (14.5%) $197,889 (7.1%) 0.00 72
2022-06-01 $159,900 (48.1%) $204,148 (28.0%) 0.00 69
2022-07-01 $129,450 (43.8%) $187,982 (20.8%) 0.00 76
2022-08-01 $152,725 (22.2%) $202,476 (20.5%) 0.00 82
2022-09-01 $129,950 (-6.0%) $189,440 (0.1%) 0.00 83
2022-10-01 $113,000 (-22.0%) $166,765 (-12.9%) 0.00 91
2022-11-01 $128,900 (2.1%) $163,789 (-6.5%) 0.00 98
2022-12-01 $128,400 (0.0%) $156,207 (-13.0%) 0.00 95
2023-01-01 $114,225 (14.3%) $142,878 (-1.2%) 0.00 80
2023-02-01 $77,225 (-27.3%) $129,505 (-11.7%) 0.00 95
2023-03-01 $75,000 (-36.7%) $124,148 (-23.1%) 0.00 91
2023-04-01 $75,000 (-42.9%) $136,004 (-20.5%) 0.00 87
2023-05-01 $95,225 (-36.0%) $175,800 (-11.2%) 0.00 57
2023-06-01 $130,650 (-18.3%) $180,076 (-11.8%) 0.00 65
2023-07-01 $127,450 (-1.5%) $185,821 (-1.2%) 0.00 72
2023-08-01 $110,675 (-27.5%) $173,591 (-14.3%) 0.00 84
2023-09-01 $119,950 (-7.7%) $178,343 (-5.9%) 0.00 86
2023-10-01 $144,900 (28.2%) $192,100 (15.2%) 0.00 90
2023-11-01 $134,950 (4.7%) $187,246 (14.3%) 0.00 97
2023-12-01 $125,000 (-2.7%) $174,691 (11.8%) 0.00 99
2024-01-01 $126,600 (10.8%) $183,249 (28.3%) 0.00 92
2024-02-01 $128,650 (66.6%) $184,826 (42.7%) 0.00 84
2024-03-01 $149,950 (99.9%) $201,480 (62.3%) 0.00 82
2024-04-01 $158,675 (111.6%) $209,529 (54.1%) 0.00 66
2024-05-01 $150,000 (57.5%) $217,467 (23.7%) 0.00 62
2024-06-01 $147,450 (12.9%) $215,762 (19.8%) 0.00 87
Freeport's median listing price for 2024-06-01 was $147,450, a difference of $16,800 (12.9%) versus the prior year and $-2,550 versus the prior month.

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

Freeport's average listing price for 2024-06-01 was $215,762, a difference of $35,686 (19.8%) versus the prior year and $-1,705 versus the prior month.

For the 2024-06-01 period, Freeport had 87 MLS listings, a difference of 25 listings (40%) versus the prior month and 22 listings (34%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Freeport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,559 sqft
2018-02-01 0 days 1,554 sqft
2018-03-01 0 days 1,584 sqft
2018-04-01 0 days 1,588 sqft
2018-05-01 0 days 1,595 sqft
2018-06-01 0 days 1,650 sqft
2018-07-01 0 days 1,655 sqft
2018-08-01 0 days 1,625 sqft
2018-09-01 0 days 1,624 sqft
2018-10-01 0 days 1,665 sqft
2018-11-01 0 days 1,689 sqft
2018-12-01 0 days 1,644 sqft
2019-01-01 0 days 1,628 sqft
2019-02-01 0 days 1,662 sqft
2019-03-01 0 days 1,653 sqft
2019-04-01 0 days 1,644 sqft
2019-05-01 0 days 1,573 sqft
2019-06-01 0 days 1,664 sqft
2019-07-01 0 days 1,765 sqft
2019-08-01 0 days 1,784 sqft
2019-09-01 0 days 1,761 sqft
2019-10-01 0 days 1,754 sqft
2019-11-01 0 days 1,758 sqft
2019-12-01 0 days 1,678 sqft
2020-01-01 0 days 1,697 sqft
2020-02-01 0 days 1,673 sqft
2020-03-01 0 days 1,746 sqft
2020-04-01 0 days 1,818 sqft
2020-05-01 0 days 1,827 sqft
2020-06-01 0 days 1,791 sqft
2020-07-01 0 days 1,693 sqft
2020-08-01 0 days 1,597 sqft
2020-09-01 0 days 1,612 sqft
2020-10-01 0 days 1,640 sqft
2020-11-01 0 days 1,633 sqft
2020-12-01 0 days 1,650 sqft
2021-01-01 0 days 1,628 sqft
2021-02-01 0 days 1,598 sqft
2021-03-01 0 days 1,581 sqft
2021-04-01 0 days 1,674 sqft
2021-05-01 0 days 1,743 sqft
2021-06-01 0 days 1,533 sqft
2021-07-01 0 days 1,680 sqft
2021-08-01 0 days 1,748 sqft
2021-09-01 0 days 1,877 sqft
2021-10-01 0 days 1,800 sqft
2021-11-01 0 days 1,788 sqft
2021-12-01 0 days 1,812 sqft
2022-01-01 0 days 1,608 sqft
2022-02-01 0 days 1,650 sqft
2022-03-01 0 days 1,782 sqft
2022-04-01 0 days 1,783 sqft
2022-05-01 0 days 1,823 sqft
2022-06-01 0 days 1,846 sqft
2022-07-01 0 days 1,770 sqft
2022-08-01 0 days 1,952 sqft
2022-09-01 0 days 1,815 sqft
2022-10-01 0 days 1,800 sqft
2022-11-01 0 days 1,667 sqft
2022-12-01 0 days 1,684 sqft
2023-01-01 0 days 1,593 sqft
2023-02-01 0 days 1,516 sqft
2023-03-01 0 days 1,445 sqft
2023-04-01 0 days 1,456 sqft
2023-05-01 0 days 1,559 sqft
2023-06-01 0 days 1,645 sqft
2023-07-01 0 days 1,613 sqft
2023-08-01 0 days 1,620 sqft
2023-09-01 0 days 1,704 sqft
2023-10-01 0 days 1,706 sqft
2023-11-01 0 days 1,680 sqft
2023-12-01 0 days 1,734 sqft
2024-01-01 0 days 1,672 sqft
2024-02-01 0 days 1,675 sqft
2024-03-01 0 days 1,664 sqft
2024-04-01 0 days 1,683 sqft
2024-05-01 0 days 1,736 sqft
2024-06-01 0 days 1,854 sqft
Freeport's median listing age (time on market) for 2024-06-01 was 0 days.

Freeport's median square footage for active listings during the 2024-06-01 period was 1,854 sqft. One year prior, the average listing was 1,645 sqft.

Freeport, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 397 $46,945,000 $118,249
Cash Out Refi 51 $5,295,000 $103,824
Other 41 $2,305,000 $56,220
Home Improvement 36 $1,840,000 $51,111
Refi 27 $2,445,000 $90,556

Freeport's most frequently cited loan purpose was Home Purchase, with 397 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 188 $23,400,000 $124,468
7-8% 117 $14,135,000 $120,812
Over 8% 66 $5,630,000 $85,303
5-6% 64 $8,330,000 $130,156
<2.5% 36 $450,000 $12,500
4-5% 3 $425,000 $141,667
3-4% 1 $305,000 $305,000

During 2023, Freeport's most frequently originated rate bucket was 6-7%, with 188 originations.

Loan Sizing (Freeport, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 303 $15,815,000 $52,195
$100k-200k 188 $26,280,000 $139,787
$200k-400k 56 $14,520,000 $259,286
$400k-600k 5 $2,215,000 $443,000

Freeport's loan sizing saw the bucket of loans from $100,000 or less with 303 originations, totaling $15,815,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 242 $32,440,000 $134,050
60-80% 100 $13,150,000 $131,500
Under 20% 58 $950,000 $16,379
20-40% 43 $2,525,000 $58,721
40-60% 31 $2,775,000 $89,516
Over 100% 4 $870,000 $217,500

Freeport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 242 originations, totaling $32,440,000 in origination value.