Jacksonville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Jacksonville averaged 6.57% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.62% and one month ago for the week of 2025-04-17, the average rate was 6.74%.

    Jacksonville's average rate one year ago was 7.13%.

    For refis of the same type during the week of 2025-05-22, the average rate was 6.96%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Jacksonville 30 Year Fixed Rate 2025-05-22 6.57%
    Jacksonville 30 Year Fixed Rate Refi 2025-05-22 6.96%
    Jacksonville 15 Year Fixed Rate 2025-05-22 5.81%
    Jacksonville 15 Year Fixed Rate Refi 2025-05-22 6.51%
    Jacksonville 30 Year FHA 2025-05-22 6.41%
    Jacksonville 30 Year FHA Refi 2025-05-22 6.81%
    Jacksonville 30 Year USDA 2025-05-22 6.53%
    Jacksonville 30 Year USDA Refi 2025-05-22 6.23%
    Jacksonville 30 Year VA 2025-05-22 6.62%
    Jacksonville 30 Year VA Refi 2025-05-22 6.32%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Jacksonville, IL.

    Jacksonville 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 Jacksonville, 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
    Petefish, Skiles & Co. 36 6.61% $2,070
    CNB Bank And Trust, N.A. 25 6.46% $2,859
    Heartland Bank and Trust Company 9 6.68% $2,223
    HEARTLAND 7 6.41% $2,175
    United Community Bank 7 6.46% $2,025
    U.S. Bank 6 6.71% $3,885
    INB 6 6.60% $2,544
    Bank of Springfield 6 6.37% $2,004
    Prairie State Bank and Trust 5 6.28% $1,623
    BROKER SOLUTIONS, INC. 5 6.95% $3,329
    QUICKEN LOANS, LLC 4 6.81% $4,391
    FLAT BRANCH MORTGAGE, INC. 3 7.04% $2,817
    PNC Bank 3 6.46% $2,756
    AFFORDABLE MORTGAGE ADVISORS, LLC. 3 6.67% $2,816
    ZILLOW HOME LOANS, LLC 2 6.81% $3,868
    Carrollton Bank 2 5.94% $2,346
    CITIZENS EQUITY FIRST 2 6.81% $1,257
    JPMorgan Chase Bank 2 6.31% $3,167
    Mortgage Research Center, LLC 2 6.69% $5,959
    Mr. Cooper ( Nationstar Mortgage ) 1 5.99% $6,166
    NAVY FEDERAL CREDIT UNION 1 6.88% $2,108
    PENNYMAC LOAN SERVICES, LLC 1 7.13% $3,984
    GUILD MORTGAGE COMPANY 1 6.50% $3,304
    PHH Mortgage Corporation 1 6.99% $3,198
    GUARANTEED RATE, INC. 1 6.60% $3,226
    First Bankers Trust Company 1 6.88% $2,718
    Financial Funding Solutions, Inc. 1 7.38% $4,868
    THE FAMILY CREDIT UNION 1 6.50% $2,770
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $8,952
    UNITED WHOLESALE MORTGAGE, LLC 1 6.44% $4,441
    Community Mortgage Banc Corporation 1 6.00% $3,451
    Wells Fargo Bank 1 6.88% $3,167
    WEST COMMUNITY 1 6.63% $2,855
    Barrington Bank & Trust Company, N.A. 1 6.63% $3,412

    Jacksonville Average Closing Costs & Other Stats

    Jacksonville, IL's 34 lenders originated 413 loans during 2024. The total origination value was $47,515,000, with an average loan value of $115,048.

    Jacksonville's average closing costs are $3,080.

    The top Jacksonville lender as defined by loan originations is Petefish, Skiles & Co., with 36 loans originated. Their average total fees are $2,070, which is $790 lower than the next largest lender, CNB Bank And Trust, N.A..

    The lowest fee Jacksonville lenders (with over 10 loans originated) are Petefish, Skiles & Co. ($2,070), CNB Bank And Trust, N.A. ($2,859), .

    The lowest rate Jacksonville lenders (with over 10 loans originated) are CNB Bank And Trust, N.A. (6.46%), Petefish, Skiles & Co. (6.61%), .

    Jacksonville, 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
    Petefish, Skiles & Co. $7,205,000 $7,910,000 9.8% 16.6%
    CNB Bank And Trust, N.A. $2,985,000 $4,680,000 56.8% 9.8%
    Mortgage Research Center, LLC $1,425,000 $3,050,000 114.0% 6.4%
    U.S. Bank $1,510,000 $2,440,000 61.6% 5.1%
    Bank of Springfield $2,305,000 $2,345,000 1.7% 4.9%
    BROKER SOLUTIONS, INC. $1,530,000 $1,965,000 28.4% 4.1%
    QUICKEN LOANS, LLC $2,230,000 $1,915,000 -14.1% 4.0%
    INB $1,125,000 $1,780,000 58.2% 3.7%
    United Community Bank $1,770,000 $1,780,000 0.6% 3.7%
    Prairie State Bank and Trust $2,025,000 $1,590,000 -21.5% 3.3%
    AFFORDABLE MORTGAGE ADVISORS, LLC. $1,175,000 n/a 2.5%
    West Central Bank $735,000 $1,090,000 48.3% 2.3%
    Warren-Boynton State Bank $1,165,000 $1,070,000 -8.2% 2.3%
    PNC Bank $635,000 $1,015,000 59.8% 2.1%
    TOP FLITE FINANCIAL, INC. $125,000 $850,000 580.0% 1.8%
    Heartland Bank and Trust Company $1,955,000 $820,000 -58.1% 1.7%
    FLAT BRANCH MORTGAGE, INC. $730,000 $715,000 -2.1% 1.5%
    USAA Federal Savings Bank $690,000 n/a 1.5%
    HEARTLAND $480,000 $665,000 38.5% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $255,000 $550,000 115.7% 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $265,000 $485,000 83.0% 1.0%
    ZILLOW HOME LOANS, LLC $85,000 $485,000 470.6% 1.0%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $85,000 $480,000 464.7% 1.0%
    Equity Prime Mortgage LLC $475,000 n/a 1.0%
    NAVY FEDERAL CREDIT UNION $450,000 n/a 0.9%
    TRIAD FINANCIAL SERVICES, INC. $610,000 $375,000 -38.5% 0.8%
    21ST MORTGAGE CORPORATION $45,000 $345,000 666.7% 0.7%
    Carrollton Bank $355,000 $330,000 -7.0% 0.7%
    CITIZENS EQUITY FIRST $425,000 $310,000 -27.1% 0.7%
    PENNYMAC LOAN SERVICES, LLC $500,000 $270,000 -46.0% 0.6%
    NEWREZ LLC $95,000 $265,000 178.9% 0.6%
    Wells Fargo Bank $260,000 n/a 0.5%
    COMMUNITY STATE BANK $170,000 $245,000 44.1% 0.5%
    First Bankers Trust Company $150,000 $240,000 60.0% 0.5%
    JPMorgan Chase Bank $480,000 $240,000 -50.0% 0.5%
    Commerce Bank $225,000 n/a 0.5%
    Hickory Point Bank and Trust $480,000 $220,000 -54.2% 0.5%
    Community Mortgage Banc Corporation $250,000 $210,000 -16.0% 0.4%
    GUARANTEED RATE, INC. $190,000 $190,000 0.0% 0.4%
    Barrington Bank & Trust Company, N.A. $185,000 n/a 0.4%
    Financial Funding Solutions, Inc. $180,000 n/a 0.4%
    Arvest Bank $175,000 n/a 0.4%
    First Savings Bank $175,000 n/a 0.4%
    The Federal Savings Bank $165,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $155,000 n/a 0.3%
    Midwest Heritage Bank FSB $155,000 n/a 0.3%
    THOMPSON KANE & COMPANY, LLC $155,000 n/a 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $380,000 $145,000 -61.8% 0.3%
    WEST COMMUNITY $145,000 n/a 0.3%
    THE FAMILY CREDIT UNION $135,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $415,000 $125,000 -69.9% 0.3%
    Havana National Bank $115,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $115,000 n/a 0.2%
    Flagstar Bank, FSB $105,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $105,000 n/a 0.2%
    FINANCE OF AMERICA REVERSE LLC $95,000 n/a 0.2%
    FIRST COMMUNITY $95,000 n/a 0.2%
    Figure Lending LLC $55,000 $80,000 45.5% 0.2%
    First National Bank of Pana $75,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $190,000 $75,000 -60.5% 0.2%
    The Central Trust Bank $75,000 n/a 0.2%
    Bank & Trust Company $205,000 $65,000 -68.3% 0.1%
    PHH Mortgage Corporation $65,000 n/a 0.1%
    Bank of America $55,000 n/a 0.1%
    HealthCare Associates Credit Union $55,000 n/a 0.1%
    LOANDEPOT.COM, LLC $95,000 $55,000 -42.1% 0.1%
    Associated Bank $35,000 n/a 0.1%
    Coastal Community Bank $30,000 n/a 0.1%

    Jacksonville's top lender by overall market share is Petefish, Skiles & Co., with 16.6% market share. In second place, with 9.8%, is CNB Bank And Trust, N.A., having originated $4,680,000 in loans. In third place, with 6.4%, is Mortgage Research Center, LLC, having originated $3,050,000 in loans. In fourth place, with 5.1%, is U.S. Bank, having originated $2,440,000 in loans. In fifth place, with 4.9%, is Bank of Springfield, having originated $2,345,000 in loans.

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

    Realtor.com - Jacksonville (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 $119,900 (11.0%) $136,808 (3.8%) 0.00 123
    2018-02-01 $119,900 (11.7%) $137,540 (6.7%) 0.00 125
    2018-03-01 $120,000 (0.1%) $144,230 (5.0%) 0.00 137
    2018-04-01 $130,425 (8.8%) $151,039 (10.4%) 0.00 146
    2018-05-01 $128,450 (7.9%) $145,261 (8.9%) 0.00 156
    2018-06-01 $124,900 (4.2%) $143,089 (5.4%) 0.00 159
    2018-07-01 $124,900 (4.2%) $141,265 (4.9%) 0.00 160
    2018-08-01 $126,125 (5.2%) $142,315 (6.4%) 0.00 158
    2018-09-01 $124,900 (4.2%) $135,513 (-0.8%) 0.00 153
    2018-10-01 $120,050 (-1.4%) $135,898 (-3.3%) 0.00 157
    2018-11-01 $116,650 (0.4%) $132,764 (-4.3%) 0.00 152
    2018-12-01 $115,900 (2.2%) $132,680 (1.4%) 0.00 143
    2019-01-01 $116,650 (-2.7%) $132,974 (-2.8%) 0.00 130
    2019-02-01 $118,450 (-1.2%) $135,640 (-1.4%) 0.00 117
    2019-03-01 $122,300 (1.9%) $140,454 (-2.6%) 0.00 114
    2019-04-01 $125,100 (-4.1%) $144,237 (-4.5%) 0.00 115
    2019-05-01 $134,900 (5.0%) $147,993 (1.9%) 0.00 138
    2019-06-01 $134,900 (8.0%) $141,806 (-0.9%) 0.00 172
    2019-07-01 $137,200 (9.9%) $141,653 (0.3%) 0.00 173
    2019-08-01 $136,654 (8.4%) $141,366 (-0.7%) 0.00 171
    2019-09-01 $131,786 (5.5%) $137,917 (1.8%) 0.00 177
    2019-10-01 $123,200 (2.6%) $134,273 (-1.2%) 0.00 181
    2019-11-01 $116,900 (0.2%) $130,458 (-1.7%) 0.00 178
    2019-12-01 $100,925 (-12.9%) $123,275 (-7.1%) 0.00 164
    2020-01-01 $97,950 (-16.0%) $121,707 (-8.5%) 0.00 149
    2020-02-01 $104,900 (-11.4%) $119,369 (-12.0%) 0.00 138
    2020-03-01 $109,900 (-10.1%) $127,705 (-9.1%) 0.00 141
    2020-04-01 $120,950 (-3.3%) $129,672 (-10.1%) 0.00 135
    2020-05-01 $119,900 (-11.1%) $130,719 (-11.7%) 0.00 127
    2020-06-01 $124,550 (-7.7%) $135,106 (-4.7%) 0.00 119
    2020-07-01 $119,900 (-12.6%) $133,819 (-5.5%) 0.00 115
    2020-08-01 $109,900 (-19.6%) $126,505 (-10.5%) 0.00 105
    2020-09-01 $94,000 (-28.7%) $114,583 (-16.9%) 0.00 99
    2020-10-01 $104,900 (-14.9%) $112,468 (-16.2%) 0.00 104
    2020-11-01 $104,900 (-10.3%) $110,482 (-15.3%) 0.00 87
    2020-12-01 $101,150 (0.2%) $111,880 (-9.2%) 0.00 82
    2021-01-01 $87,500 (-10.7%) $114,443 (-6.0%) 0.00 71
    2021-02-01 $86,175 (-17.9%) $112,924 (-5.4%) 0.00 61
    2021-03-01 $79,900 (-27.3%) $103,117 (-19.3%) 0.00 53
    2021-04-01 $72,000 (-40.5%) $99,106 (-23.6%) 0.00 47
    2021-05-01 $80,250 (-33.1%) $124,682 (-4.6%) 0.00 38
    2021-06-01 $77,375 (-37.9%) $127,268 (-5.8%) 0.00 33
    2021-07-01 $69,500 (-42.0%) $110,897 (-17.1%) 0.00 32
    2021-08-01 $82,200 (-25.2%) $120,461 (-4.8%) 0.00 41
    2021-09-01 $90,475 (-3.8%) $125,549 (9.6%) 0.00 40
    2021-10-01 $84,900 (-19.1%) $126,835 (12.8%) 0.00 44
    2021-11-01 $98,425 (-6.2%) $146,079 (32.2%) 0.00 50
    2021-12-01 $101,974 (0.8%) $127,990 (14.4%) 0.00 48
    2022-01-01 $99,900 (14.2%) $127,710 (11.6%) 0.00 30
    2022-02-01 $102,450 (18.9%) $121,199 (7.3%) 0.00 29
    2022-03-01 $89,725 (12.3%) $110,000 (6.7%) 0.00 32
    2022-04-01 $95,700 (32.9%) $118,864 (19.9%) 0.00 33
    2022-05-01 $104,900 (30.7%) $130,849 (5.0%) 0.00 34
    2022-06-01 $125,650 (62.4%) $148,616 (16.8%) 0.00 36
    2022-07-01 $114,900 (65.3%) $149,095 (34.4%) 0.00 45
    2022-08-01 $117,425 (42.9%) $158,037 (31.2%) 0.00 33
    2022-09-01 $130,450 (44.2%) $208,333 (65.9%) 0.00 30
    2022-10-01 $124,900 (47.1%) $169,099 (33.3%) 0.00 39
    2022-11-01 $123,950 (25.9%) $153,768 (5.3%) 0.00 46
    2022-12-01 $137,450 (34.8%) $138,510 (8.2%) 0.00 38
    2023-01-01 $125,000 (25.1%) $132,466 (3.7%) 0.00 31
    2023-02-01 $117,225 (14.4%) $128,744 (6.2%) 0.00 22
    2023-03-01 $128,225 (42.9%) $130,152 (18.3%) 0.00 25
    2023-04-01 $134,450 (40.5%) $154,956 (30.4%) 0.00 23
    2023-05-01 $130,138 (24.1%) $149,475 (14.2%) 0.00 28
    2023-06-01 $133,163 (6.0%) $142,334 (-4.2%) 0.00 29
    2023-07-01 $130,000 (13.1%) $137,638 (-7.7%) 0.00 25
    2023-08-01 $126,088 (7.4%) $149,693 (-5.3%) 0.00 22
    2023-09-01 $134,675 (3.2%) $143,335 (-31.2%) 0.00 34
    2023-10-01 $129,900 (4.0%) $146,903 (-13.1%) 0.00 33
    2023-11-01 $129,900 (4.8%) $155,643 (1.2%) 0.00 37
    2023-12-01 $149,900 (9.1%) $176,498 (27.4%) 0.00 31
    2024-01-01 $156,175 (24.9%) $153,472 (15.9%) 0.00 30
    2024-02-01 $128,675 (9.8%) $142,027 (10.3%) 0.00 27
    2024-03-01 $123,400 (-3.8%) $145,852 (12.1%) 0.00 28
    2024-04-01 $143,650 (6.8%) $219,837 (41.9%) 0.00 28
    2024-05-01 $134,900 (3.7%) $229,349 (53.4%) 0.00 29
    2024-06-01 $139,900 (5.1%) $206,314 (45.0%) 0.00 30
    2024-07-01 $145,500 (11.9%) $197,076 (43.2%) 0.00 37
    2024-08-01 $139,900 (11.0%) $195,711 (30.7%) 0.00 48
    2024-09-01 $147,900 (9.8%) $196,012 (36.8%) 0.00 54
    2024-10-01 $121,500 (-6.5%) $177,478 (20.8%) 0.00 50
    2024-11-01 $137,400 (5.8%) $191,933 (23.3%) 0.00 44
    2024-12-01 $132,400 (-11.7%) $179,302 (1.6%) 0.00 39
    2025-01-01 $139,900 (-10.4%) $165,472 (7.8%) 0.00 34
    2025-02-01 $148,450 (15.4%) $186,780 (31.5%) 0.00 34
    2025-03-01 $144,900 (17.4%) $187,456 (28.5%) 0.00 33
    2025-04-01 $156,925 (9.2%) $198,703 (-9.6%) 0.00 38
    Jacksonville's median listing price for 2025-04-01 was $156,925, a difference of $13,275 (9.2%) versus the prior year and $12,025 versus the prior month.

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

    Jacksonville's average listing price for 2025-04-01 was $198,703, a difference of $-21,134 (-9.6%) versus the prior year and $11,247 versus the prior month.

    For the 2025-04-01 period, Jacksonville had 38 MLS listings, a difference of 5 listings (15%) versus the prior month and 10 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jacksonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,855 sqft
    2018-02-01 0 days 1,852 sqft
    2018-03-01 0 days 1,847 sqft
    2018-04-01 0 days 1,864 sqft
    2018-05-01 0 days 1,847 sqft
    2018-06-01 0 days 1,843 sqft
    2018-07-01 0 days 1,824 sqft
    2018-08-01 0 days 1,848 sqft
    2018-09-01 0 days 1,835 sqft
    2018-10-01 0 days 1,728 sqft
    2018-11-01 0 days 1,679 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,648 sqft
    2019-02-01 0 days 1,640 sqft
    2019-03-01 0 days 1,734 sqft
    2019-04-01 0 days 1,843 sqft
    2019-05-01 0 days 1,855 sqft
    2019-06-01 0 days 1,853 sqft
    2019-07-01 0 days 1,894 sqft
    2019-08-01 0 days 1,855 sqft
    2019-09-01 0 days 1,811 sqft
    2019-10-01 0 days 1,777 sqft
    2019-11-01 0 days 1,777 sqft
    2019-12-01 0 days 1,683 sqft
    2020-01-01 0 days 1,702 sqft
    2020-02-01 0 days 1,683 sqft
    2020-03-01 0 days 1,786 sqft
    2020-04-01 0 days 1,810 sqft
    2020-05-01 0 days 1,728 sqft
    2020-06-01 0 days 1,796 sqft
    2020-07-01 0 days 1,722 sqft
    2020-08-01 0 days 1,683 sqft
    2020-09-01 0 days 1,588 sqft
    2020-10-01 0 days 1,592 sqft
    2020-11-01 0 days 1,558 sqft
    2020-12-01 0 days 1,540 sqft
    2021-01-01 0 days 1,536 sqft
    2021-02-01 0 days 1,545 sqft
    2021-03-01 0 days 1,401 sqft
    2021-04-01 0 days 1,388 sqft
    2021-05-01 0 days 1,688 sqft
    2021-06-01 0 days 1,301 sqft
    2021-07-01 0 days 1,312 sqft
    2021-08-01 0 days 1,563 sqft
    2021-09-01 0 days 1,555 sqft
    2021-10-01 0 days 1,651 sqft
    2021-11-01 0 days 1,928 sqft
    2021-12-01 0 days 1,766 sqft
    2022-01-01 0 days 1,760 sqft
    2022-02-01 0 days 1,872 sqft
    2022-03-01 0 days 1,405 sqft
    2022-04-01 0 days 1,656 sqft
    2022-05-01 0 days 1,604 sqft
    2022-06-01 0 days 1,858 sqft
    2022-07-01 0 days 1,520 sqft
    2022-08-01 0 days 1,541 sqft
    2022-09-01 0 days 1,681 sqft
    2022-10-01 0 days 1,728 sqft
    2022-11-01 0 days 1,627 sqft
    2022-12-01 0 days 1,770 sqft
    2023-01-01 0 days 1,580 sqft
    2023-02-01 0 days 1,623 sqft
    2023-03-01 0 days 1,615 sqft
    2023-04-01 0 days 1,728 sqft
    2023-05-01 0 days 1,848 sqft
    2023-06-01 0 days 1,729 sqft
    2023-07-01 0 days 1,604 sqft
    2023-08-01 0 days 1,662 sqft
    2023-09-01 0 days 1,604 sqft
    2023-10-01 0 days 1,672 sqft
    2023-11-01 0 days 1,660 sqft
    2023-12-01 0 days 1,852 sqft
    2024-01-01 0 days 1,678 sqft
    2024-02-01 0 days 1,665 sqft
    2024-03-01 0 days 1,604 sqft
    2024-04-01 0 days 1,767 sqft
    2024-05-01 0 days 1,720 sqft
    2024-06-01 0 days 1,830 sqft
    2024-07-01 0 days 1,837 sqft
    2024-08-01 0 days 1,854 sqft
    2024-09-01 0 days 1,851 sqft
    2024-10-01 0 days 1,742 sqft
    2024-11-01 0 days 1,804 sqft
    2024-12-01 0 days 1,779 sqft
    2025-01-01 0 days 1,808 sqft
    2025-02-01 0 days 1,829 sqft
    2025-03-01 0 days 1,823 sqft
    2025-04-01 0 days 1,801 sqft
    Jacksonville's median listing age (time on market) for 2025-04-01 was 0 days.

    Jacksonville's median square footage for active listings during the 2025-04-01 period was 1,801 sqft. One year prior, the average listing was 1,767 sqft.

    Jacksonville, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 276 $34,550,000 $125,181
    Refi 51 $6,995,000 $137,157
    Other 33 $1,695,000 $51,364
    Cash Out Refi 33 $3,425,000 $103,788
    Home Improvement 20 $850,000 $42,500

    Jacksonville's most frequently cited loan purpose was Home Purchase, with 276 originations. The 2nd most popular reason was Refi, with 51 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 201 $27,875,000 $138,682
    7-8% 91 $8,565,000 $94,121
    Over 8% 47 $2,975,000 $63,298
    5-6% 36 $4,560,000 $126,667
    <2.5% 5 $35,000 $7,000
    4-5% 3 $415,000 $138,333

    During 2024, Jacksonville's most frequently originated rate bucket was 6-7%, with 201 originations.

    Loan Sizing (Jacksonville, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 210 $11,560,000 $55,048
    $100k-200k 150 $20,740,000 $138,267
    $200k-400k 48 $12,840,000 $267,500
    $400k-600k 5 $2,375,000 $475,000

    Jacksonville's loan sizing saw the bucket of loans from $100,000 or less with 210 originations, totaling $11,560,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 186 $26,630,000 $143,172
    60-80% 76 $10,240,000 $134,737
    20-40% 46 $2,650,000 $57,609
    40-60% 28 $2,690,000 $96,071
    Under 20% 26 $640,000 $24,615
    Over 100% 2 $720,000 $360,000

    Jacksonville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 186 originations, totaling $26,630,000 in origination value.