KANKAKEE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kankakee averaged
7.17%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7% and
one month ago for the week of 2025-05-15, the
average rate was 7.17%.
Kankakee's average rate one year ago was 7.41%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Kankakee 30 Year Fixed Rate | 2025-06-18 | 7.17% |
| Kankakee 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Kankakee 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Kankakee 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Kankakee 30 Year FHA | 2025-06-18 | 0.34% |
| Kankakee 30 Year FHA Refi | 2025-06-18 | 0% |
| Kankakee 30 Year USDA | 2025-06-18 | -0.2% |
| Kankakee 30 Year USDA Refi | 2025-06-18 | 0% |
| Kankakee 30 Year VA | 2025-06-18 | -0.1% |
| Kankakee 30 Year VA Refi | 2025-06-18 | -0.2% |
KANKAKEE 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 KANKAKEE, 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.).
KANKAKEE Average Closing Costs & Other Stats
KANKAKEE, IL's 101 lenders originated 1,860
loans during 2024. The total origination value was $329,320,000, with an average loan value of
$177,054.
KANKAKEE's average closing costs are $4,824.
The top KANKAKEE lender as defined by loan originations is QUICKEN LOANS, LLC, with
49 loans originated. Their average total fees are
$5,852, which is $1,952
higher than the next largest lender,
Midland States Bank.
The lowest fee KANKAKEE lenders (with over 10 loans originated) are
First American Bank ($2,587), PNC Bank ($3,365), Midland States Bank ($3,900), PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,052) and JPMorgan Chase Bank ($4,476).
The lowest rate KANKAKEE lenders (with over 10 loans originated) are
First American Bank (6.40%), JPMorgan Chase Bank (6.63%), Flanagan State Bank (6.79%), QUICKEN LOANS, LLC (6.86%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (6.89%).
KANKAKEE, 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 |
|---|---|---|---|---|
| Municipal Trust and Savings Bank | $21,420,000 | $33,080,000 | 54.4% | 10.0% |
| QUICKEN LOANS, LLC | $13,825,000 | $20,920,000 | 51.3% | 6.4% |
| Ixonia Bank | $7,970,000 | $17,435,000 | 118.8% | 5.3% |
| Peoples Bank of Kankakee County | $17,865,000 | $17,020,000 | -4.7% | 5.2% |
| Midland States Bank | $18,925,000 | $14,940,000 | -21.1% | 4.5% |
| WALKER & DUNLOP, LLC | $12,635,000 | n/a | 3.8% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,815,000 | $10,975,000 | 289.9% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,035,000 | $10,940,000 | 81.3% | 3.3% |
| National Bank of St. Anne | $7,710,000 | $10,490,000 | 36.1% | 3.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,295,000 | $10,150,000 | 61.2% | 3.1% |
| GUARANTEED RATE, INC. | $8,840,000 | $10,130,000 | 14.6% | 3.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $5,090,000 | $6,715,000 | 31.9% | 2.0% |
| Mortgage Research Center, LLC | $5,685,000 | $6,440,000 | 13.3% | 2.0% |
| JPMorgan Chase Bank | $3,615,000 | $6,210,000 | 71.8% | 1.9% |
| PNC Bank | $4,000,000 | $5,810,000 | 45.3% | 1.8% |
| First Trust Bank of Illinois | $8,185,000 | $5,115,000 | -37.5% | 1.6% |
| Flanagan State Bank | $4,910,000 | $5,060,000 | 3.1% | 1.5% |
| First American Bank | $2,700,000 | $4,050,000 | 50.0% | 1.2% |
| NAVY FEDERAL CREDIT UNION | $2,020,000 | $4,015,000 | 98.8% | 1.2% |
| LOANDEPOT.COM, LLC | $3,475,000 | $3,930,000 | 13.1% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,400,000 | $3,395,000 | -22.8% | 1.0% |
| AmeriHome Mortgage Company, LLC | $1,550,000 | $3,385,000 | 118.4% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $1,320,000 | $3,030,000 | 129.5% | 0.9% |
| GENEVA FINANCIAL, LLC | $3,795,000 | $2,855,000 | -24.8% | 0.9% |
| Fifth Third Bank | $1,450,000 | $2,735,000 | 88.6% | 0.8% |
| Iroquois Federal Savings and Loan Association | $4,360,000 | $2,625,000 | -39.8% | 0.8% |
| RF Renovo Management Company, LLC | $1,485,000 | $2,545,000 | 71.4% | 0.8% |
| North Shore Trust and Savings | $245,000 | $2,350,000 | 859.2% | 0.7% |
| GUARANTEED RATE AFFINITY, LLC | $2,185,000 | $2,345,000 | 7.3% | 0.7% |
| The Huntington National Bank | $1,205,000 | $2,345,000 | 94.6% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,315,000 | $2,320,000 | 76.4% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $1,875,000 | $2,240,000 | 19.5% | 0.7% |
| The Federal Savings Bank | $4,200,000 | $2,195,000 | -47.7% | 0.7% |
| NEWREZ LLC | $1,360,000 | $2,110,000 | 55.1% | 0.6% |
| BROKER SOLUTIONS, INC. | $365,000 | $2,020,000 | 453.4% | 0.6% |
| U.S. Bank | $2,455,000 | $1,920,000 | -21.8% | 0.6% |
| THE ANDERSON FINANCIAL GROUP, INC. | $555,000 | $1,900,000 | 242.3% | 0.6% |
| Old National Bank | $1,100,000 | $1,890,000 | 71.8% | 0.6% |
| Pacor Mortgage Corp | $545,000 | $1,875,000 | 244.0% | 0.6% |
| 21ST MORTGAGE CORPORATION | $1,640,000 | $1,765,000 | 7.6% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $720,000 | $1,755,000 | 143.8% | 0.5% |
| First State Bank | $245,000 | $1,525,000 | 522.4% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $575,000 | $1,470,000 | 155.7% | 0.4% |
| DIRECT MORTGAGE LOANS, LLC | $85,000 | $1,430,000 | 1,582.4% | 0.4% |
| CNB Bank And Trust, N.A. | $1,425,000 | n/a | 0.4% | |
| COMPASS MORTGAGE, INC. | $380,000 | $1,380,000 | 263.2% | 0.4% |
| BMO Harris Bank | $1,255,000 | $1,375,000 | 9.6% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $2,320,000 | $1,360,000 | -41.4% | 0.4% |
| CALCON MUTUAL MORTGAGE LLC | $750,000 | $1,330,000 | 77.3% | 0.4% |
| Equity Prime Mortgage LLC | $185,000 | $1,325,000 | 616.2% | 0.4% |
| GUILD MORTGAGE COMPANY | $340,000 | $1,305,000 | 283.8% | 0.4% |
| First Financial Bank | $1,305,000 | $1,295,000 | -0.8% | 0.4% |
| FNBC Bank & Trust | $1,180,000 | n/a | 0.4% | |
| AMERICAN FINANCIAL NETWORK, INC. | $1,115,000 | n/a | 0.3% | |
| Discover Bank | $765,000 | $975,000 | 27.5% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $165,000 | $970,000 | 487.9% | 0.3% |
| PLANET HOME LENDING, LLC | $345,000 | $965,000 | 179.7% | 0.3% |
| HOMEXPRESS MORTGAGE CORP. | $960,000 | n/a | 0.3% | |
| TRIAD FINANCIAL SERVICES, INC. | $305,000 | $925,000 | 203.3% | 0.3% |
| GREENSTATE CREDIT UNION | $450,000 | $915,000 | 103.3% | 0.3% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,160,000 | $820,000 | -62.0% | 0.2% |
| Grundy Bank | $950,000 | $795,000 | -16.3% | 0.2% |
| Plains Commerce Bank | $1,440,000 | $765,000 | -46.9% | 0.2% |
| ALLIANT CREDIT UNION | $35,000 | $755,000 | 2,057.1% | 0.2% |
| FIRST STATE MORTGAGE SERVICES, LLC | $305,000 | $745,000 | 144.3% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $745,000 | n/a | 0.2% | |
| COMPEER FINANCIAL, FLCA | $320,000 | $740,000 | 131.3% | 0.2% |
| Bank of America | $340,000 | $660,000 | 94.1% | 0.2% |
| Mortgage Assurance Inc. | $295,000 | $635,000 | 115.3% | 0.2% |
| NEW DAY FINANCIAL, LLC | $335,000 | $625,000 | 86.6% | 0.2% |
| TOWNE MORTGAGE COMPANY | $235,000 | $610,000 | 159.6% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $135,000 | $575,000 | 325.9% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $195,000 | $565,000 | 189.7% | 0.2% |
| USAA Federal Savings Bank | $690,000 | $560,000 | -18.8% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $45,000 | $540,000 | 1,100.0% | 0.2% |
| UNITED HOME LOANS, INC. | $900,000 | $535,000 | -40.6% | 0.2% |
| MLD MORTGAGE INC. | $315,000 | $530,000 | 68.3% | 0.2% |
| NORTHWEST BANK OF ROCKFORD | $665,000 | $530,000 | -20.3% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $470,000 | $520,000 | 10.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $510,000 | n/a | 0.2% | |
| Illiana Financial Credit Union | $255,000 | $500,000 | 96.1% | 0.2% |
| MICHIGAN MUTUAL, INC. | $500,000 | n/a | 0.2% | |
| Community Mortgage Banc Corporation | $490,000 | $495,000 | 1.0% | 0.2% |
| OCMBC, INC. | $470,000 | $490,000 | 4.3% | 0.1% |
| Credit Union 1 | $485,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $615,000 | $460,000 | -25.2% | 0.1% |
| The Central Trust Bank | $455,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $440,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $440,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $85,000 | $435,000 | 411.8% | 0.1% |
| TECH Credit Union | $435,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $425,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $235,000 | $420,000 | 78.7% | 0.1% |
| HALLMARK HOME MORTGAGE, LLC | $415,000 | n/a | 0.1% | |
| Coastal Community Bank | $265,000 | $410,000 | 54.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $200,000 | $400,000 | 100.0% | 0.1% |
| UIF CORPORATION | $395,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $55,000 | $395,000 | 618.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,085,000 | $390,000 | -64.1% | 0.1% |
| JMAC LENDING, INC. | $385,000 | n/a | 0.1% | |
| Bank of Pontiac | $370,000 | n/a | 0.1% | |
| First Mid Bank & Trust | $370,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $360,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $2,270,000 | $360,000 | -84.1% | 0.1% |
| S1L, Inc. | $360,000 | n/a | 0.1% | |
| Marquette Bank | $355,000 | n/a | 0.1% | |
| TOTAL MORTGAGE SERVICES, LLC | $355,000 | n/a | 0.1% | |
| NUMARK CREDIT UNION | $550,000 | $350,000 | -36.4% | 0.1% |
| Hometown Equity Mortgage, LLC | $275,000 | $335,000 | 21.8% | 0.1% |
| Nations Lending Corporation | $335,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $315,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $565,000 | $310,000 | -45.1% | 0.1% |
| The Loan Store, Inc. | $310,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $305,000 | n/a | 0.1% | |
| Figure Lending LLC | $15,000 | $295,000 | 1,866.7% | 0.1% |
| Federated Bank | $1,225,000 | $285,000 | -76.7% | 0.1% |
| First National Bank of America | $285,000 | n/a | 0.1% | |
| Magnolia Bank | $285,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $280,000 | n/a | 0.1% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $165,000 | $275,000 | 66.7% | 0.1% |
| POINT Mortgage | $270,000 | n/a | 0.1% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $265,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $265,000 | n/a | 0.1% | |
| Meridian Bank Corporation | $325,000 | $255,000 | -21.5% | 0.1% |
| Prosperity Home Mortgage, LLC | $170,000 | $255,000 | 50.0% | 0.1% |
| LIMA ONE CAPITAL, LLC | $200,000 | $250,000 | 25.0% | 0.1% |
| Peoples Bank | $390,000 | $250,000 | -35.9% | 0.1% |
| VERITAS FUNDING, LLC | $245,000 | n/a | 0.1% | |
| Ally Bank | $235,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $235,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $580,000 | $235,000 | -59.5% | 0.1% |
| INTERCAP LENDING INC. | $235,000 | n/a | 0.1% | |
| CONSTRUCTIVE LOANS, LLC | $230,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $990,000 | $225,000 | -77.3% | 0.1% |
| Key Mortgage Services, Inc. | $355,000 | $215,000 | -39.4% | 0.1% |
| MID-ISLAND MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $245,000 | $215,000 | -12.2% | 0.1% |
| CROWN MORTGAGE COMPANY | $205,000 | n/a | 0.1% | |
| First National Bank of Omaha | $255,000 | $205,000 | -19.6% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $1,775,000 | $205,000 | -88.5% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $430,000 | $195,000 | -54.7% | 0.1% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $145,000 | $185,000 | 27.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $35,000 | $180,000 | 414.3% | 0.1% |
| CIBM Bank | $335,000 | $175,000 | -47.8% | 0.1% |
| NBKC BANK | $175,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $175,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $170,000 | n/a | 0.1% | |
| Allied First Bank,sb | $520,000 | $165,000 | -68.3% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $165,000 | $165,000 | 0.0% | 0.1% |
| Liberty Bank and Trust Company | $165,000 | n/a | 0.1% | |
| Brighton Bank | $155,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $155,000 | n/a | 0.0% | |
| INB | $155,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $105,000 | $155,000 | 47.6% | 0.0% |
| THE MORTGAGE LINK, INC. | $155,000 | n/a | 0.0% | |
| CIBC Bank USA | $665,000 | $145,000 | -78.2% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $140,000 | n/a | 0.0% | |
| Associated Bank | $135,000 | n/a | 0.0% | |
| Citizens State Bank of La Crosse | $135,000 | n/a | 0.0% | |
| Wells Fargo Bank | $2,965,000 | $115,000 | -96.1% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,015,000 | $115,000 | -88.7% | 0.0% |
| Citizens Bank | $65,000 | $105,000 | 61.5% | 0.0% |
| Granite Community Bank | $105,000 | n/a | 0.0% | |
| Horizon Bank | $105,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $290,000 | $105,000 | -63.8% | 0.0% |
| SPRING EQ, LLC | $45,000 | $100,000 | 122.2% | 0.0% |
| Streator Onized Credit Union | $100,000 | n/a | 0.0% | |
| DUPACO COMMUNITY | $95,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $415,000 | $75,000 | -81.9% | 0.0% |
| Morton Community Bank | $75,000 | n/a | 0.0% | |
| First Federal Savings Bank | $2,280,000 | $65,000 | -97.1% | 0.0% |
| Secured Investment Corp. | $65,000 | n/a | 0.0% | |
| Centier Bank | $165,000 | $55,000 | -66.7% | 0.0% |
| CITIZENS EQUITY FIRST | $140,000 | $55,000 | -60.7% | 0.0% |
| Providence Bank & Trust | $590,000 | $55,000 | -90.7% | 0.0% |
| RESIDENTIAL BANCORP | $55,000 | n/a | 0.0% | |
| GREAT LAKES | $45,000 | $45,000 | 0.0% | 0.0% |
| TOWER | $45,000 | n/a | 0.0% | |
| FIRST NORTHERN Credit Union | $85,000 | $35,000 | -58.8% | 0.0% |
| Hometown National Bank | $175,000 | $15,000 | -91.4% | 0.0% |
KANKAKEE's top lender by overall market share is Municipal Trust and Savings Bank, with 10.0% market share. In second place, with 6.4%, is QUICKEN LOANS, LLC, having originated $20,920,000 in loans. In third place, with 5.3%, is Ixonia Bank, having originated $17,435,000 in loans. In fourth place, with 5.2%, is Peoples Bank of Kankakee County, having originated $17,020,000 in loans. In fifth place, with 4.5%, is Midland States Bank, having originated $14,940,000 in loans.
KANKAKEE, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,166 | $224,550,000 | $192,581 |
| Cash Out Refi | 241 | $39,535,000 | $164,046 |
| Refi | 182 | $35,350,000 | $194,231 |
| Other | 179 | $11,035,000 | $61,648 |
| Home Improvement | 92 | $18,850,000 | $204,891 |
Kankakee's most frequently cited loan purpose was Home Purchase, with 1,166 originations. The 2nd most popular reason was Cash Out Refi, with 241 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 612 | $120,740,000 | $197,288 |
| 7-8% | 378 | $85,690,000 | $226,693 |
| Over 8% | 256 | $17,970,000 | $70,195 |
| 5-6% | 155 | $28,645,000 | $184,806 |
| <2.5% | 31 | $325,000 | $10,484 |
| 4-5% | 27 | $2,725,000 | $100,926 |
During 2024, Kankakee's most frequently originated rate bucket was 6-7%, with 612 originations.
Loan Sizing (KANKAKEE, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 663 | $98,645,000 | $148,786 |
| $100,000 or less | 584 | $31,130,000 | $53,305 |
| $200k-400k | 551 | $148,705,000 | $269,882 |
| $400k-600k | 46 | $21,020,000 | $456,957 |
| $600k-1000k | 8 | $6,270,000 | $783,750 |
| $Over $1MM | 8 | $23,550,000 | $2,943,750 |
KANKAKEE's loan sizing saw the bucket of loans from $100k-200k with 663 originations, totaling $98,645,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 756 | $158,090,000 | $209,114 |
| 60-80% | 290 | $51,690,000 | $178,241 |
| Under 20% | 173 | $5,475,000 | $31,647 |
| 20-40% | 128 | $10,110,000 | $78,984 |
| 40-60% | 83 | $23,685,000 | $285,361 |
| Over 100% | 9 | $1,905,000 | $211,667 |
KANKAKEE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 756 originations, totaling $158,090,000 in origination value.