Jacksonville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jacksonville averaged
6.31%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.01% and
one month ago for the week of 2024-09-05, the
average rate was 6.14%.
Jacksonville's average rate one year ago was 7.48%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.72%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Jacksonville 30 Year Fixed Rate | 2024-10-10 | 6.31% |
Jacksonville 30 Year Fixed Rate Refi | 2024-10-10 | 6.72% |
Jacksonville 15 Year Fixed Rate | 2024-10-10 | 5.31% |
Jacksonville 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Jacksonville 30 Year FHA | 2024-10-10 | 6.1% |
Jacksonville 30 Year FHA Refi | 2024-10-10 | 6.3% |
Jacksonville 30 Year USDA | 2024-10-10 | 6.18% |
Jacksonville 30 Year USDA Refi | 2024-10-10 | 5.88% |
Jacksonville 30 Year VA | 2024-10-10 | 6.05% |
Jacksonville 30 Year VA Refi | 2024-10-10 | 5.95% |
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.).
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. LouisDate | 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 |
Jacksonville's median listing price comes in at 0% of the national average.
Jacksonville's average listing price for 2024-09-01 was $196,012, a difference of $52,677 (36.8%) versus the prior year and $301 versus the prior month.
For the 2024-09-01 period, Jacksonville had 54 MLS listings, a difference of 6 listings (13%) versus the prior month and 20 listings (59%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jacksonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Jacksonville's median square footage for active listings during the 2024-09-01 period was 1,851 sqft. One year prior, the average listing was 1,604 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.