Jacksonville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Jacksonville averaged 6.29% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.78% and one month ago for the week of 2024-11-07, the average rate was 6.78%.

    Jacksonville's average rate one year ago was 7.12%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.9%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Jacksonville 30 Year Fixed Rate 2024-12-12 6.29%
    Jacksonville 30 Year Fixed Rate Refi 2024-12-12 6.9%
    Jacksonville 15 Year Fixed Rate 2024-12-12 5.64%
    Jacksonville 15 Year Fixed Rate Refi 2024-12-12 6.24%
    Jacksonville 30 Year FHA 2024-12-12 6.48%
    Jacksonville 30 Year FHA Refi 2024-12-12 6.48%
    Jacksonville 30 Year USDA 2024-12-12 6.2%
    Jacksonville 30 Year USDA Refi 2024-12-12 6.1%
    Jacksonville 30 Year VA 2024-12-12 5.88%
    Jacksonville 30 Year VA Refi 2024-12-12 6.08%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Petefish, Skiles & Co. 34 6.52% $1,951
    CNB Bank And Trust, N.A. 13 6.44% $2,142
    Heartland Bank and Trust Company 11 6.51% $1,961
    Prairie State Bank and Trust 9 6.39% $1,820
    United Community Bank 9 6.48% $1,774
    Bank of Springfield 8 7.17% $2,101
    QUICKEN LOANS, LLC 7 6.80% $5,032
    U.S. Bank 6 6.75% $3,177
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 7.34% $3,776
    HEARTLAND 4 6.34% $2,067
    FLAT BRANCH MORTGAGE, INC. 3 6.83% $2,552
    JPMorgan Chase Bank 2 5.99% $3,389
    Marine Bank 2 6.13% $2,489
    Community Mortgage Banc Corporation 2 6.81% $3,921
    PNC Bank 2 6.81% $2,680
    Carrollton Bank 2 6.25% $2,137
    CITIZENS EQUITY FIRST 2 7.13% $1,344
    UNITED WHOLESALE MORTGAGE, LLC 2 7.18% $3,578
    GUARANTEED RATE, INC. 2 7.00% $3,753
    INB 2 7.13% $1,983
    ZILLOW HOME LOANS, LLC 1 7.50% $5,047
    Amarillo National Bank 1 6.38% $2,254
    BROKER SOLUTIONS, INC. 1 8.13% $4,019
    Busey Bank 1 5.88% $2,220
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.38% $2,848
    First Bankers Trust Company 1 7.50% $2,598
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.75% $4,700
    FIRST STATE MORTGAGE SERVICES, LLC 1 7.88% $2,782
    Key Mortgage Services, Inc. 1 6.25% $3,152
    Morton Community Bank 1 7.50% $2,310
    Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $4,216
    Regions Bank 1 7.00% $2,417
    R.I.A. Federal Credit Union 1 7.25% $3,149
    ROYAL UNITED MORTGAGE LLC 1 8.13% $3,651
    1ST MIDAMERICA 1 5.50% $2,077

    Jacksonville Average Closing Costs & Other Stats

    Jacksonville, IL's 35 lenders originated 386 loans during 2023. The total origination value was $48,190,000, with an average loan value of $124,845.

    Jacksonville's average closing costs are $2,985.

    The top Jacksonville lender as defined by loan originations is Petefish, Skiles & Co., with 34 loans originated. Their average total fees are $1,951, which is $191 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. ($1,951), Heartland Bank and Trust Company ($1,961), CNB Bank And Trust, N.A. ($2,142), .

    The lowest rate Jacksonville lenders (with over 10 loans originated) are CNB Bank And Trust, N.A. (6.44%), Heartland Bank and Trust Company (6.51%), Petefish, Skiles & Co. (6.52%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Petefish, Skiles & Co. $9,720,000 $7,205,000 -25.9% 15.0%
    LIMA ONE CAPITAL, LLC $5,505,000 n/a 11.4%
    CNB Bank And Trust, N.A. $5,300,000 $2,985,000 -43.7% 6.2%
    Bank of Springfield $2,540,000 $2,305,000 -9.3% 4.8%
    QUICKEN LOANS, LLC $1,290,000 $2,230,000 72.9% 4.6%
    Prairie State Bank and Trust $1,710,000 $2,025,000 18.4% 4.2%
    Heartland Bank and Trust Company $1,955,000 n/a 4.1%
    United Community Bank $1,310,000 $1,770,000 35.1% 3.7%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,360,000 $1,605,000 18.0% 3.3%
    BROKER SOLUTIONS, INC. $855,000 $1,530,000 78.9% 3.2%
    U.S. Bank $2,250,000 $1,510,000 -32.9% 3.1%
    Mortgage Research Center, LLC $2,610,000 $1,425,000 -45.4% 3.0%
    Warren-Boynton State Bank $1,555,000 $1,165,000 -25.1% 2.4%
    INB $1,020,000 $1,125,000 10.3% 2.3%
    West Central Bank $735,000 $735,000 0.0% 1.5%
    FLAT BRANCH MORTGAGE, INC. $940,000 $730,000 -22.3% 1.5%
    Marine Bank $550,000 $675,000 22.7% 1.4%
    PNC Bank $650,000 $635,000 -2.3% 1.3%
    TRIAD FINANCIAL SERVICES, INC. $355,000 $610,000 71.8% 1.3%
    PENNYMAC LOAN SERVICES, LLC $85,000 $500,000 488.2% 1.0%
    HEARTLAND $995,000 $480,000 -51.8% 1.0%
    Hickory Point Bank and Trust $480,000 n/a 1.0%
    JPMorgan Chase Bank $345,000 $480,000 39.1% 1.0%
    Alliance Community Bank $55,000 $425,000 672.7% 0.9%
    CITIZENS EQUITY FIRST $675,000 $425,000 -37.0% 0.9%
    AMERISAVE MORTGAGE CORPORATION $145,000 $415,000 186.2% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $75,000 $380,000 406.7% 0.8%
    PLANET HOME LENDING, LLC $365,000 n/a 0.8%
    Carrollton Bank $145,000 $355,000 144.8% 0.7%
    LEADERONE FINANCIAL CORPORATION $275,000 $340,000 23.6% 0.7%
    FIRST STATE MORTGAGE SERVICES, LLC $205,000 $295,000 43.9% 0.6%
    DAS Acquisition Company, LLC $290,000 n/a 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $395,000 $265,000 -32.9% 0.5%
    GERSHMAN INVESTMENT CORP. $175,000 $265,000 51.4% 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $250,000 $255,000 2.0% 0.5%
    Community Mortgage Banc Corporation $370,000 $250,000 -32.4% 0.5%
    FIRST CENTENNIAL MORTGAGE CORPORATION $225,000 n/a 0.5%
    R.I.A. Federal Credit Union $225,000 n/a 0.5%
    Bank & Trust Company $450,000 $205,000 -54.4% 0.4%
    GUARANTEED RATE, INC. $185,000 $190,000 2.7% 0.4%
    Paramount Residential Mortgage Group, Inc. $190,000 n/a 0.4%
    Regions Bank $175,000 n/a 0.4%
    COMMUNITY STATE BANK $170,000 n/a 0.4%
    First Bankers Trust Company $85,000 $150,000 76.5% 0.3%
    Key Mortgage Services, Inc. $55,000 $145,000 163.6% 0.3%
    Deere Employees Credit Union $140,000 n/a 0.3%
    Morton Community Bank $135,000 n/a 0.3%
    Neighborhood Loans, Inc. $135,000 n/a 0.3%
    1ST MIDAMERICA $85,000 $125,000 47.1% 0.3%
    RUOFF MORTGAGE COMPANY, INC. $125,000 n/a 0.3%
    TOP FLITE FINANCIAL, INC. $1,275,000 $125,000 -90.2% 0.3%
    Amarillo National Bank $105,000 n/a 0.2%
    BANK OF CALHOUN COUNTY $105,000 n/a 0.2%
    CASTLE & COOKE MORTGAGE, LLC $105,000 n/a 0.2%
    Citibank $105,000 n/a 0.2%
    TOTAL MORTGAGE SERVICES, LLC $105,000 n/a 0.2%
    Busey Bank $95,000 n/a 0.2%
    LOANDEPOT.COM, LLC $495,000 $95,000 -80.8% 0.2%
    NEWREZ LLC $95,000 n/a 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $310,000 $85,000 -72.6% 0.2%
    First Bank $85,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $85,000 n/a 0.2%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $75,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $310,000 $55,000 -82.3% 0.1%
    Figure Lending LLC $35,000 $55,000 57.1% 0.1%
    Illinois State Police Federal Credit Union $55,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $25,000 $45,000 80.0% 0.1%
    LONGBRIDGE FINANCIAL, LLC $45,000 n/a 0.1%
    Credit Union 1 $35,000 n/a 0.1%
    Fifth Third Bank $35,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $35,000 n/a 0.1%
    American Bank of Missouri $25,000 n/a 0.1%
    First Financial Bank $15,000 n/a 0.0%

    Jacksonville's top lender by overall market share is Petefish, Skiles & Co., with 15.0% market share. In second place, with 11.4%, is LIMA ONE CAPITAL, LLC, having originated $5,505,000 in loans. In third place, with 6.2%, is CNB Bank And Trust, N.A., having originated $2,985,000 in loans. In fourth place, with 4.8%, is Bank of Springfield, having originated $2,305,000 in loans. In fifth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $2,230,000 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 $115,900 (-3.3%) $131,540 (-3.9%) 0.00 129
    2019-02-01 $117,925 (-1.7%) $134,084 (-2.5%) 0.00 116
    2019-03-01 $121,514 (1.3%) $138,839 (-3.7%) 0.00 113
    2019-04-01 $124,564 (-4.5%) $142,660 (-5.6%) 0.00 114
    2019-05-01 $132,900 (3.5%) $145,978 (0.5%) 0.00 136
    2019-06-01 $134,400 (7.6%) $141,219 (-1.3%) 0.00 171
    2019-07-01 $136,675 (9.4%) $141,060 (-0.1%) 0.00 172
    2019-08-01 $136,654 (8.4%) $140,930 (-1.0%) 0.00 170
    2019-09-01 $131,786 (5.5%) $137,726 (1.6%) 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 (-15.5%) $121,707 (-7.5%) 0.00 149
    2020-02-01 $104,900 (-11.1%) $119,369 (-11.0%) 0.00 138
    2020-03-01 $109,900 (-9.6%) $127,705 (-8.0%) 0.00 141
    2020-04-01 $120,950 (-2.9%) $129,672 (-9.1%) 0.00 135
    2020-05-01 $119,900 (-9.8%) $130,719 (-10.5%) 0.00 127
    2020-06-01 $124,550 (-7.3%) $135,106 (-4.3%) 0.00 119
    2020-07-01 $119,900 (-12.3%) $133,819 (-5.1%) 0.00 115
    2020-08-01 $109,900 (-19.6%) $126,505 (-10.2%) 0.00 105
    2020-09-01 $94,000 (-28.7%) $114,583 (-16.8%) 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%) $236,871 (58.5%) 0.00 29
    2024-06-01 $149,000 (11.9%) $216,293 (52.0%) 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
    Jacksonville's median listing price for 2024-11-01 was $137,400, a difference of $7,500 (5.8%) versus the prior year and $15,900 versus the prior month.

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

    Jacksonville's average listing price for 2024-11-01 was $191,933, a difference of $36,290 (23.3%) versus the prior year and $14,455 versus the prior month.

    For the 2024-11-01 period, Jacksonville had 44 MLS listings, a difference of -6 listings (-12%) versus the prior month and 7 listings (19%) 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 1,643 sqft
    2019-02-01 0 days 1,636 sqft
    2019-03-01 0 days 1,731 sqft
    2019-04-01 0 days 1,842 sqft
    2019-05-01 0 days 1,853 sqft
    2019-06-01 0 days 1,850 sqft
    2019-07-01 0 days 1,889 sqft
    2019-08-01 0 days 1,852 sqft
    2019-09-01 0 days 1,809 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 1,776 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
    Jacksonville's median listing age (time on market) for 2024-11-01 was 0 days.

    Jacksonville's median square footage for active listings during the 2024-11-01 period was 1,804 sqft. One year prior, the average listing was 1,660 sqft.

    Jacksonville, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 274 $33,390,000 $121,861
    Refi 45 $9,795,000 $217,667
    Home Improvement 24 $1,010,000 $42,083
    Cash Out Refi 23 $2,655,000 $115,435
    Other 20 $1,340,000 $67,000

    Jacksonville's most frequently cited loan purpose was Home Purchase, with 274 originations. The 2nd most popular reason was Refi, with 45 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 151 $18,035,000 $119,437
    7-8% 120 $12,880,000 $107,333
    5-6% 47 $6,015,000 $127,979
    Over 8% 33 $7,655,000 $231,970
    4-5% 4 $260,000 $65,000
    <2.5% 1 $5,000 $5,000
    2.5-3% 1 $55,000 $55,000

    During 2023, Jacksonville's most frequently originated rate bucket was 6-7%, with 151 originations.

    Loan Sizing (Jacksonville, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 203 $11,355,000 $55,936
    $100k-200k 136 $19,020,000 $139,853
    $200k-400k 44 $11,480,000 $260,909
    $400k-600k 2 $830,000 $415,000
    $Over $1MM 1 $5,505,000 $5,505,000

    Jacksonville's loan sizing saw the bucket of loans from $100,000 or less with 203 originations, totaling $11,355,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 187 $24,665,000 $131,898
    60-80% 66 $8,490,000 $128,636
    20-40% 42 $2,290,000 $54,524
    40-60% 19 $7,375,000 $388,158
    Under 20% 18 $520,000 $28,889
    Over 100% 5 $955,000 $191,000

    Jacksonville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 187 originations, totaling $24,665,000 in origination value.