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 6.62% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.6% and one month ago for the week of 2023-02-16, the average rate was 6.62%.

    Jacksonville's average rate one year ago was 4.11%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.81%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Jacksonville 30 Year Fixed Rate 2023-03-23 6.62%
    Jacksonville 30 Year Fixed Rate Refi 2023-03-23 6.81%
    Jacksonville 15 Year Fixed Rate 2023-03-23 6.28%
    Jacksonville 15 Year Fixed Rate Refi 2023-03-23 6.15%
    Jacksonville 30 Year FHA 2023-03-23 6.37%
    Jacksonville 30 Year FHA Refi 2023-03-23 6.27%
    Jacksonville 30 Year USDA 2023-03-23 6.87%
    Jacksonville 30 Year USDA Refi 2023-03-23 2.57%
    Jacksonville 30 Year VA 2023-03-23 6.32%
    Jacksonville 30 Year VA Refi 2023-03-23 6.01%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Petefish, Skiles & Co. 24 4.89% $1,926
    CNB Bank And Trust, N.A. 22 5.19% $2,490
    Town & Country Banc Mortgage Services, Inc. 16 5.15% $1,760
    U.S. Bank 8 5.25% $2,544
    CITIZENS EQUITY FIRST 6 4.94% $1,829
    Bank of Springfield 6 5.83% $2,723
    United Community Bank 6 4.66% $1,606
    HEARTLAND 5 6.00% $1,927
    BROKER SOLUTIONS, INC. 5 5.17% $3,511
    INB 4 4.38% $1,773
    Prairie State Bank and Trust 4 4.72% $1,797
    Marine Bank 3 5.21% $2,267
    JPMorgan Chase Bank 3 5.29% $2,203
    Community Mortgage Banc Corporation 3 4.76% $3,246
    Wells Fargo Bank 2 5.25% $3,732
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.19% $3,406
    FLAT BRANCH MORTGAGE, INC. 2 4.25% $2,600
    PNC Bank 2 5.13% $3,571
    QUICKEN LOANS, LLC 2 4.81% $4,577
    UNITED WHOLESALE MORTGAGE, LLC 2 5.94% $2,353
    NAVY FEDERAL CREDIT UNION 1 5.00% $1,496
    NETWORK CAPITAL FUNDING CORPORATION 1 4.63% $7,252
    PENNYMAC LOAN SERVICES, LLC 1 3.75% $5,773
    First Bankers Trust Company 1 4.88% $2,332
    AMERISAVE MORTGAGE CORPORATION 1 3.88% $6,556
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.13% $2,679
    VERIDIAN CREDIT UNION 1 3.88% $1,778
    THE FAMILY CREDIT UNION 1 3.75% $1,957
    Discover Bank 1 4.15% $0
    COMPASS MORTGAGE, INC. 1 5.25% $2,992
    1ST MIDAMERICA 1 6.63% $3,760
    HNB National Bank 1 3.75% $1,845
    Key Mortgage Services, Inc. 1 7.50% $4,055
    GUARANTEED RATE, INC. 1 5.88% $1,690

    Jacksonville Average Closing Costs & Other Stats

    Jacksonville, IL's 34 lenders originated 482 loans during 2022. The total origination value was $51,570,000, with an average loan value of $106,992.

    Jacksonville's average closing costs are $2,899.

    The top Jacksonville lender as defined by loan originations is Petefish, Skiles & Co., with 24 loans originated. Their average total fees are $1,926, which is $564 lower than the next largest lender, CNB Bank And Trust, N.A..

    The lowest fee Jacksonville lenders (with over 10 loans originated) are Town & Country Banc Mortgage Services, Inc. ($1,760), Petefish, Skiles & Co. ($1,926), CNB Bank And Trust, N.A. ($2,490), .

    The lowest rate Jacksonville lenders (with over 10 loans originated) are Petefish, Skiles & Co. (4.89%), Town & Country Banc Mortgage Services, Inc. (5.15%), CNB Bank And Trust, N.A. (5.19%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Petefish, Skiles & Co. $12,115,000 $9,720,000 -19.8% 18.8%
    CNB Bank And Trust, N.A. $16,325,000 $5,300,000 -67.5% 10.3%
    Town & Country Banc Mortgage Services, Inc. $8,380,000 $4,080,000 -51.3% 7.9%
    Mortgage Research Center, LLC $890,000 $2,610,000 193.3% 5.1%
    Bank of Springfield $5,490,000 $2,540,000 -53.7% 4.9%
    U.S. Bank $5,990,000 $2,250,000 -62.4% 4.4%
    Prairie State Bank and Trust $7,705,000 $1,710,000 -77.8% 3.3%
    Warren-Boynton State Bank $2,905,000 $1,555,000 -46.5% 3.0%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,360,000 n/a 2.6%
    United Community Bank $3,190,000 $1,310,000 -58.9% 2.5%
    QUICKEN LOANS, LLC $4,485,000 $1,290,000 -71.2% 2.5%
    TOP FLITE FINANCIAL, INC. $825,000 $1,275,000 54.5% 2.5%
    INB $2,180,000 $1,020,000 -53.2% 2.0%
    HEARTLAND $1,300,000 $995,000 -23.5% 1.9%
    FLAT BRANCH MORTGAGE, INC. $805,000 $940,000 16.8% 1.8%
    BROKER SOLUTIONS, INC. $1,500,000 $855,000 -43.0% 1.7%
    West Central Bank $1,550,000 $735,000 -52.6% 1.4%
    CITIZENS EQUITY FIRST $355,000 $675,000 90.1% 1.3%
    PNC Bank $930,000 $650,000 -30.1% 1.3%
    Marine Bank $390,000 $550,000 41.0% 1.1%
    LOANDEPOT.COM, LLC $125,000 $495,000 296.0% 1.0%
    Bank & Trust Company $145,000 $450,000 210.3% 0.9%
    Town and Country Bank $350,000 $430,000 22.9% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $225,000 $395,000 75.6% 0.8%
    Pike Bancorp, Inc. $25,000 $395,000 1,480.0% 0.8%
    Community Mortgage Banc Corporation $500,000 $370,000 -26.0% 0.7%
    USAA Federal Savings Bank $410,000 $360,000 -12.2% 0.7%
    TRIAD FINANCIAL SERVICES, INC. $75,000 $355,000 373.3% 0.7%
    JPMorgan Chase Bank $240,000 $345,000 43.8% 0.7%
    CALIBER HOME LOANS, INC. $280,000 $310,000 10.7% 0.6%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $1,745,000 $310,000 -82.2% 0.6%
    LEADERONE FINANCIAL CORPORATION $565,000 $275,000 -51.3% 0.5%
    FINANCE OF AMERICA MORTGAGE LLC $265,000 n/a 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $260,000 n/a 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $220,000 $250,000 13.6% 0.5%
    AMERICAN FINANCE HOUSE LARIBA $245,000 n/a 0.5%
    FIRST STATE MORTGAGE SERVICES, LLC $375,000 $205,000 -45.3% 0.4%
    Wells Fargo Bank $135,000 $200,000 48.1% 0.4%
    JLB CORPORATION $195,000 n/a 0.4%
    NETWORK CAPITAL FUNDING CORPORATION $195,000 n/a 0.4%
    GUARANTEED RATE, INC. $125,000 $185,000 48.0% 0.4%
    STEARNS LENDING, LLC $115,000 $185,000 60.9% 0.4%
    GERSHMAN INVESTMENT CORP. $360,000 $175,000 -51.4% 0.3%
    AMWEST FUNDING CORP. $155,000 n/a 0.3%
    First Internet Bank of Indiana $155,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $310,000 $145,000 -53.2% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $145,000 n/a 0.3%
    Carrollton Bank $395,000 $145,000 -63.3% 0.3%
    NEW DAY FINANCIAL, LLC $495,000 $145,000 -70.7% 0.3%
    AMERICAN FINANCING CORPORATION $125,000 $135,000 8.0% 0.3%
    HNB National Bank $135,000 n/a 0.3%
    COMPASS MORTGAGE, INC. $125,000 n/a 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $125,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $115,000 n/a 0.2%
    THE FAMILY CREDIT UNION $115,000 n/a 0.2%
    FIRST COMMUNITY $105,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $1,110,000 $105,000 -90.5% 0.2%
    Security Bank, s.b. $220,000 $105,000 -52.3% 0.2%
    The Central Trust Bank $105,000 n/a 0.2%
    Bank of England $95,000 n/a 0.2%
    VERIDIAN CREDIT UNION $95,000 n/a 0.2%
    1ST MIDAMERICA $115,000 $85,000 -26.1% 0.2%
    Discover Bank $85,000 n/a 0.2%
    First Bankers Trust Company $380,000 $85,000 -77.6% 0.2%
    NAVY FEDERAL CREDIT UNION $260,000 $85,000 -67.3% 0.2%
    PENNYMAC LOAN SERVICES, LLC $945,000 $85,000 -91.0% 0.2%
    TOWNE MORTGAGE COMPANY $85,000 n/a 0.2%
    Boeing Employees Credit Union $75,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $305,000 $75,000 -75.4% 0.1%
    Nations Lending Corporation $170,000 $75,000 -55.9% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $65,000 n/a 0.1%
    Alliance Community Bank $45,000 $55,000 22.2% 0.1%
    Key Mortgage Services, Inc. $350,000 $55,000 -84.3% 0.1%
    Plains Commerce Bank $65,000 $45,000 -30.8% 0.1%
    Figure Lending LLC $80,000 $35,000 -56.3% 0.1%
    First Mid Bank & Trust $35,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $140,000 $25,000 -82.1% 0.0%

    Jacksonville's top lender by overall market share is Petefish, Skiles & Co., with 18.8% market share. In second place, with 10.3%, is CNB Bank And Trust, N.A., having originated $5,300,000 in loans. In third place, with 7.9%, is Town & Country Banc Mortgage Services, Inc., having originated $4,080,000 in loans. In fourth place, with 5.1%, is Mortgage Research Center, LLC, having originated $2,610,000 in loans. In fifth place, with 4.9%, is Bank of Springfield, having originated $2,540,000 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%) $145,356 (31.1%) 0.00 45
    2022-08-01 $112,425 (36.8%) $163,383 (35.6%) 0.00 33
    2022-09-01 $128,675 (42.2%) $208,405 (66.0%) 0.00 30
    2022-10-01 $134,900 (58.9%) $178,912 (41.1%) 0.00 39
    2022-11-01 $126,925 (29.0%) $156,783 (7.3%) 0.00 46
    2022-12-01 $137,400 (34.7%) $139,305 (8.8%) 0.00 38
    2023-01-01 $122,450 (22.6%) $128,732 (0.8%) 0.00 31
    2023-02-01 $115,975 (13.2%) $129,187 (6.6%) 0.00 22
    Jacksonville's median listing price for 2023-02-01 was $115,975, a difference of $13,525 (13.2%) versus the prior year and $-6,475 versus the prior month.

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

    Jacksonville's average listing price for 2023-02-01 was $129,187, a difference of $7,988 (6.6%) versus the prior year and $455 versus the prior month.

    For the 2023-02-01 period, Jacksonville had 22 MLS listings, a difference of -9 listings (-29%) versus the prior month and -7 listings (-24%) 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 1,856 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 1,552 sqft
    2021-09-01 0 days 1,529 sqft
    2021-10-01 0 days 1,641 sqft
    2021-11-01 0 days 1,854 sqft
    2021-12-01 0 days 1,726 sqft
    2022-01-01 0 days 1,736 sqft
    2022-02-01 0 days 1,844 sqft
    2022-03-01 0 days 1,398 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 1,527 sqft
    2022-09-01 0 days 1,681 sqft
    2022-10-01 0 days 1,776 sqft
    2022-11-01 0 days 1,675 sqft
    2022-12-01 0 days 1,770 sqft
    2023-01-01 0 days 1,655 sqft
    2023-02-01 0 days 1,652 sqft
    Jacksonville's median listing age (time on market) for 2023-02-01 was 0 days.

    Jacksonville's median square footage for active listings during the 2023-02-01 period was 1,652 sqft. One year prior, the average listing was 1,844 sqft.

    Jacksonville, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 313 $36,055,000 $115,192
    Refi 77 $8,695,000 $112,922
    Cash Out Refi 43 $4,345,000 $101,047
    Home Improvement 26 $1,080,000 $41,538
    Other 23 $1,395,000 $60,652

    Jacksonville's most frequently cited loan purpose was Home Purchase, with 313 originations. The 2nd most popular reason was Refi, with 77 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 151 $17,475,000 $115,728
    4-5% 113 $10,305,000 $91,195
    3-4% 80 $10,680,000 $133,500
    6-7% 56 $5,580,000 $99,643
    7-8% 25 $1,495,000 $59,800
    2.5-3% 16 $1,910,000 $119,375
    <2.5% 7 $545,000 $77,857
    Over 8% 4 $340,000 $85,000

    During 2022, Jacksonville's most frequently originated rate bucket was 5-6%, with 151 originations.

    Loan Sizing (Jacksonville, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 269 $15,495,000 $57,602
    $100k-200k 164 $22,680,000 $138,293
    $200k-400k 45 $11,395,000 $253,222
    $400k-600k 3 $1,365,000 $455,000
    $600k-1000k 1 $635,000 $635,000

    Jacksonville's loan sizing saw the bucket of loans from $100,000 or less with 269 originations, totaling $15,495,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 218 $27,800,000 $127,523
    60-80% 113 $11,805,000 $104,469
    40-60% 38 $4,670,000 $122,895
    20-40% 35 $2,145,000 $61,286
    Under 20% 31 $915,000 $29,516
    Over 100% 3 $535,000 $178,333

    Jacksonville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 218 originations, totaling $27,800,000 in origination value.