KANKAKEE Mortgage Rates

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

30 Year Fixed Rate mortgages in Kankakee averaged 3.1% for the week of 2021-11-24, compared to the national average of 3.1% for the same period.

The average rate for the prior week (2021-11-18) was 3.3% and one month ago for the week of 2021-10-21, the average rate was 3.49%.

Kankakee's average rate one year ago was 3.02%.

For refis of the same type during the week of 2021-11-24, the average rate was 3.11%.

Loan Type Date Rate
US 30 Year Fixed Rate 2021-11-24 3.1%
Kankakee 30 Year Fixed Rate 2021-11-24 3.1%
Kankakee 30 Year Fixed Rate Refi 2021-11-24 3.11%
Kankakee 15 Year Fixed Rate 2021-11-24 3.46%
Kankakee 15 Year Fixed Rate Refi 2021-11-24 2.72%
Kankakee 30 Year FHA 2021-11-24 3.54%
Kankakee 30 Year FHA Refi 2021-11-24 3.63%
Kankakee 30 Year USDA 2021-11-24 3.64%
Kankakee 30 Year USDA Refi 2021-11-24 3.47%
Kankakee 30 Year VA 2021-11-24 3.24%
Kankakee 30 Year VA Refi 2021-11-24 3.07%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within KANKAKEE, IL.

KANKAKEE Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, 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.).

Name # of Loans 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
Midland States Bank 174 3.23% $2,618
QUICKEN LOANS, LLC 67 3.32% $4,781
Wells Fargo Bank, National Association 50 3.30% $2,271
GUARANTEED RATE, INC. 37 3.31% $3,556
Hometown Lenders, Inc. 29 3.31% $3,271
Flanagan State Bank 27 3.23% $2,793
First American Bank 27 3.17% $2,102
LEADERONE FINANCIAL CORPORATION 22 3.21% $3,750
First Financial Bank 20 3.51% $2,282
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 3.45% $2,857
CROSSCOUNTRY MORTGAGE, LLC 18 3.17% $3,699
PNC Bank, National Association 17 3.58% $2,815
JPMorgan Chase Bank, National Association 16 3.22% $2,603
HOME POINT FINANCIAL CORPORATION 15 3.91% $2,615
First Midwest Bank 13 3.01% $3,387
NORTHWEST BANK OF ROCKFORD 12 3.20% $3,058
C.U. FINANCIAL, INC. 12 4.07% $4,229
LOANDEPOT.COM, LLC 11 3.12% $3,822
AMERICAN PACIFIC MORTGAGE CORPORATION 10 3.14% $3,265
UNITED WHOLESALE MORTGAGE, LLC 10 3.43% $2,926
HANCOCK MORTGAGE PARTNERS, LLC 10 3.88% $4,535
FLAT BRANCH MORTGAGE, INC. 9 3.19% $2,876
The Federal Savings Bank 8 3.27% $4,033
Barrington Bank & Trust Company, N.A. 8 3.70% $2,785
U.S. Bank National Association 7 3.25% $2,411
PLAZA HOME MORTGAGE, INC. 7 3.50% $1,755
COMPEER FINANCIAL, FLCA 7 3.39% $3,227
DRAPER AND KRAMER MORTGAGE CORP. 7 3.18% $3,035
NEWREZ LLC 7 3.50% $2,563
Key Mortgage Services, Inc. 6 3.31% $3,386
HOMESIDE FINANCIAL, LLC 6 3.54% $2,668
Fifth Third Bank, National Association 6 3.58% $3,683
EVERETT FINANCIAL, INC. 6 3.06% $1,714
AMERISAVE MORTGAGE CORPORATION 6 2.56% $3,853
STEARNS LENDING, LLC 6 3.64% $2,646
CALIBER HOME LOANS, INC. 5 3.61% $2,887
Stifel Bank and Trust 5 3.30% $1,992
Bank of America, National Association 5 2.80% $3,553
Neighborhood Loans, Inc. 5 3.43% $2,448
BMO Harris Bank National Association 5 3.48% $2,900
Pacor Mortgage Corp 5 3.18% $2,711
ROUNDPOINT MORTGAGE SERVICING CORPORATION 4 3.56% $1,159
NATIONSTAR MORTGAGE LLC 4 3.16% $5,637
Marquette Bank 4 3.22% $1,943
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.09% $3,182
Flagstar Bank, FSB 3 3.25% $3,153
CMG MORTGAGE, INC. 3 3.42% $4,928
COMPASS MORTGAGE, INC. 3 2.96% $2,325
Allied First Bank,sb 3 3.13% $2,585
PENNYMAC LOAN SERVICES, LLC 3 3.08% $4,662
Busey Bank 3 3.42% $2,311
NUMARK CREDIT UNION 3 2.79% $1,719
BLUELEAF LENDING, LLC 3 3.21% $2,967
V.I.P. MORTGAGE, INC. 3 3.17% $2,888
First Federal Savings Bank 3 2.79% $2,225
The Huntington National Bank 3 3.25% $2,463
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 4.08% $3,481
ROYAL UNITED MORTGAGE LLC 3 3.08% $5,315
CELEBRITY HOME LOANS, LLC 3 3.12% $3,237
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.06% $3,048
American Bank and Trust Company, National Association 2 2.63% $2,067
Bank of England 2 3.06% $5,902
Baxter Credit Union 2 3.19% $5,043
BETTER MORTGAGE CORPORATION 2 3.63% $2,546
CITIZENS EQUITY FIRST 2 3.81% $2,082
Discover Bank 2 6.49% $0
ENDEAVOR CAPITAL, LLC. 2 3.00% $3,001
Fidelity Bank, National Association 2 3.00% $2,375
First Mid Bank & Trust, National Association 2 3.19% $1,376
FIRST NORTHERN Credit Union 2 2.56% $2,175
FIRST STATE MORTGAGE SERVICES, LLC 2 3.38% $2,335
Heartland Bank and Trust Company 2 3.25% $1,275
INLANTA MORTGAGE, INC. 2 2.88% $3,348
JAMES B. NUTTER & COMPANY 2 3.50% $5,024
Marine Bank 2 3.19% $1,736
NAVY FEDERAL CREDIT UNION 2 3.63% $1,519
Peoples Bank 2 3.25% $2,396
PROVIDENT FUNDING ASSOCIATES, L.P. 2 3.00% $4,978
SUCCESS MORTGAGE PARTNERS, INC. 2 3.50% $2,882
The Home Loan Expert LLC 2 3.13% $4,530
Truist Bank 2 3.36% $2,787
UNION HOME MORTGAGE CORP. 2 3.38% $3,549
UNITED HOME LOANS, INC. 2 3.06% $2,503
USAA Federal Savings Bank 1 4.13% $5,542
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.99% $3,165
GERSHMAN INVESTMENT CORP. 1 3.63% $2,668
Midwest Community Bank 1 2.63% $2,933
Mortgage Research Center, LLC 1 3.63% $2,544
Morton Community Bank 1 2.63% $4,269
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $2,150
Nations Lending Corporation 1 2.63% $2,377
FRONTIER FINANCIAL, INC. 1 2.88% $2,537
AMERICAN FINANCIAL RESOURCES, INC. 1 3.13% $5,851
First Savings Bank 1 3.88% $3,589
First Federal Bank 1 3.50% $5,198
North American Savings Bank, F.S.B. 1 3.25% $1,776
Northpointe Bank 1 2.75% $3,963
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.75% $1,955
FINANCE OF AMERICA MORTGAGE LLC 1 3.38% $1,570
Farm Credit Mid-America, ACA 1 3.20% $4,202
PARKSIDE LENDING, LLC 1 3.13% $4,131
PARLAY MORTGAGE & PROPERTY, INC. 1 3.75% $2,645
Credit Union 1 1 3.25% $3,053
VAN DYK MORTGAGE CORPORATION 1 2.88% $713
Petefish, Skiles & Co. 1 3.25% $3,561
Citibank, National Association 1 3.00% $2,279
CIBM Bank 1 3.38% $1,770
Prairie State Bank and Trust 1 2.50% $936
ACADEMY MORTGAGE CORPORATION 1 3.50% $2,482
Prosperity Home Mortgage, LLC 1 2.63% $3,072
VERVE, A CREDIT UNION 1 2.88% $1,664
CIBC Bank USA 1 3.13% $3,035
Regions Bank 1 3.25% $2,578
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 2.88% $4,726
CHURCHILL MORTGAGE CORPORATION 1 3.38% $2,828
Centier Bank 1 3.63% $3,603
SIRVA MORTGAGE, INC. 1 2.88% $2,423
SOFI LENDING CORP. 1 3.13% $3,989
SPRING EQ, LLC 1 2.88% $4,095
State Financial Network, LLC 1 4.00% $3,177
Carrington Mortgage Services, LLC 1 3.63% $4,183
BROKER SOLUTIONS, INC. 1 3.25% $5,032
American Financial Funding Corp. 1 3.75% $1,485
THE ANDERSON FINANCIAL GROUP, INC. 1 3.99% $2,584
Bell Bank 1 3.50% $3,727
Waterstone Mortgage Corporation 1 3.25% $6,343
BAY EQUITY LLC 1 3.38% $3,372
THRIVENT Federal Credit Union 1 3.25% $5,464
TOTAL MORTGAGE SERVICES, LLC 1 3.38% $5,844
TOWNE MORTGAGE COMPANY 1 3.00% $2,774
Ally Bank 1 2.88% $5,314
WINGS FINANCIAL 1 2.88% $4,863
INLAND BANK & TRUST 1 3.38% $3,259
Wyndham Capital Mortgage, Inc. 1 3.00% $1,373
Ixonia Bank 1 3.00% $2,788
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 3.75% $5,566
IAA Credit Union 1 3.50% $1,910
KELLER MORTGAGE, LLC 1 3.63% $6,072
Home State Bank, National Association 1 2.50% $2,687
LAKE MICHIGAN CREDIT UNION 1 3.25% $2,586
LAKEVIEW LOAN SERVICING, LLC 1 3.38% $5,597
HOMESTAR FINANCIAL CORPORATION 1 3.13% $2,643
GREAT LAKES 1 2.88% $3,886

KANKAKEE, IL's 143 lenders originated 3,738 loans during 2020. The total origination value was $606,890,000, with an average loan value of $162,357.

The top KANKAKEE lender as defined by loan originations is Midland States Bank, with 174 loans originated. Their average total fees are $2,618, which is $2,163 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee KANKAKEE lenders (with over 10 loans originated) are First American Bank ($2,102), Wells Fargo Bank, National Association ($2,271), First Financial Bank ($2,282), JPMorgan Chase Bank, National Association ($2,603) and HOME POINT FINANCIAL CORPORATION ($2,615).

The lowest rate KANKAKEE lenders (with over 10 loans originated) are First Midwest Bank (3.01%), LOANDEPOT.COM, LLC (3.12%), AMERICAN PACIFIC MORTGAGE CORPORATION (3.14%), First American Bank (3.17%) and CROSSCOUNTRY MORTGAGE, LLC (3.17%).

KANKAKEE, IL Lender 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 2019 Loan Value 2020 Loan Value % Change 2020 Market Share
Municipal Trust and Savings Bank $27,155,000 $61,995,000 128.3% 10.2%
Peoples Bank of Kankakee County $21,130,000 $57,390,000 171.6% 9.5%
Midland States Bank $43,115,000 $52,770,000 22.4% 8.7%
National Bank of St Anne $9,135,000 $38,915,000 326.0% 6.4%
Quicken Loans $23,750,000 $37,855,000 59.4% 6.2%
First Trust Bank of Illinois $6,505,000 $19,340,000 197.3% 3.2%
WELLS FARGO BANK NA $15,305,000 $17,770,000 16.1% 2.9%
Flanagan State Bank $8,050,000 $13,435,000 66.9% 2.2%
Freedom Mortgage Corporation $3,320,000 $13,405,000 303.8% 2.2%
Guaranteed Rate Inc. $6,625,000 $12,255,000 85.0% 2.0%
Hometown Lenders LLC $5,115,000 $11,140,000 117.8% 1.8%
PNC BANK NA $6,535,000 $9,595,000 46.8% 1.6%
First American Bank $4,915,000 $8,755,000 78.1% 1.4%
Iroquois Federal Savings and Loan Association $3,750,000 $8,075,000 115.3% 1.3%
LeaderOne Financial Corp. $485,000 $6,510,000 1,242.3% 1.1%
Nationstar Mortgage $4,625,000 $6,460,000 39.7% 1.1%
FIRST STATE BANK $6,245,000 n/a 1.0%
Federated Bank $985,000 $6,180,000 527.4% 1.0%
Mortgage Research Center LLC $4,295,000 $6,055,000 41.0% 1.0%
Berkadia Commercial Mortgage $6,040,000 n/a 1.0%
loanDepot LLC $4,545,000 $5,315,000 16.9% 0.9%
FAIRWAY INDEPENDENT MORT CORP $5,050,000 $5,115,000 1.3% 0.8%
First Financial Bank $4,035,000 $4,810,000 19.2% 0.8%
HomeBridge Financial Services, Inc. $1,550,000 $4,745,000 206.1% 0.8%
United Shore Financial Services LLC $3,495,000 $4,660,000 33.3% 0.8%
Home Point Financial Corporation $3,515,000 $4,655,000 32.4% 0.8%
JPMorgan Chase Bank, NA $4,475,000 $4,365,000 -2.5% 0.7%
Flat Branch Mortgage Inc. $1,445,000 $4,200,000 190.7% 0.7%
Caliber Home Loans Inc $2,085,000 $4,185,000 100.7% 0.7%
American Pacific Mortgage Corporation $4,105,000 n/a 0.7%
First Midwest Bank $4,045,000 $3,855,000 -4.7% 0.6%
Supreme Lending/ Everett Financial Inc. $850,000 $3,715,000 337.1% 0.6%
Northwest Bank of Rockford $820,000 $3,710,000 352.4% 0.6%
Draper and Kramer Mortgage Corp. $2,215,000 $3,645,000 64.6% 0.6%
Barrington Bank & Trust $4,105,000 $3,475,000 -15.3% 0.6%
The Federal Savings Bank $1,350,000 $3,335,000 147.0% 0.5%
Hancock Mortgage Partners LLC $7,570,000 $3,255,000 -57.0% 0.5%
Cardinal Financial Company LP $495,000 $3,065,000 519.2% 0.5%
NEWREZ LLC $990,000 $3,040,000 207.1% 0.5%
Real Estate Resource Home Loans $3,590,000 $2,980,000 -17.0% 0.5%
USAA FEDERAL SAVINGS BANK $2,975,000 $2,900,000 -2.5% 0.5%
Compeer Financial ACA $1,715,000 $2,865,000 67.1% 0.5%
BLUELEAF LENDING, LLC $380,000 $2,780,000 631.6% 0.5%
PENNYMAC LOAN SERVICES LLC $1,330,000 $2,645,000 98.9% 0.4%
Plaza Home Mortgage Inc. $540,000 $2,430,000 350.0% 0.4%
Pacor Mortgage Corp $2,150,000 $2,265,000 5.3% 0.4%
Amerisave Mortgage Corporation $705,000 $2,210,000 213.5% 0.4%
Grundy Bank $2,285,000 $2,210,000 -3.3% 0.4%
Lakeview Loan Servicing, LLC $165,000 $2,195,000 1,230.3% 0.4%
Stearns Lending $1,460,000 $2,195,000 50.3% 0.4%
Homeside Financial LLC $520,000 $2,120,000 307.7% 0.3%
Huntington National Bank $795,000 $2,035,000 156.0% 0.3%
US BANK, N.A. $1,875,000 $2,020,000 7.7% 0.3%
Fifth Third Bank $560,000 $1,950,000 248.2% 0.3%
NAVY FEDERAL CREDIT UNION $715,000 $1,905,000 166.4% 0.3%
Key Mortgage Services Inc. $790,000 $1,770,000 124.1% 0.3%
Bank of America NA $2,335,000 $1,765,000 -24.4% 0.3%
Neighborhood Loans $535,000 $1,655,000 209.3% 0.3%
CMG Mortgage Inc. $595,000 $1,650,000 177.3% 0.3%
Village Capital & Investment $495,000 $1,615,000 226.3% 0.3%
Mortgage Services III LLC $65,000 $1,430,000 2,100.0% 0.2%
Mutual Federal Bank $2,030,000 $1,410,000 -30.5% 0.2%
MARQUETTE BANK $780,000 $1,375,000 76.3% 0.2%
Peoples Bank $1,320,000 n/a 0.2%
Stifel Bank and Trust $855,000 $1,285,000 50.3% 0.2%
Synergy One Lending $380,000 $1,245,000 227.6% 0.2%
Midwest Equity Mortgage LLC $590,000 $1,230,000 108.5% 0.2%
Allied First BankSB $1,035,000 $1,215,000 17.4% 0.2%
FIRST NATIONAL BANK OF OTTAWA $145,000 $1,205,000 731.0% 0.2%
Flagstar Bank $945,000 $1,170,000 23.8% 0.2%
NewDay Financial LLC dba NewDay USA $1,165,000 n/a 0.2%
Royal Savings Bank $1,145,000 n/a 0.2%
Busey Bank $1,460,000 $1,095,000 -25.0% 0.2%
CIBM Bank $175,000 $1,080,000 517.1% 0.2%
Planet Home Lending LLC $1,060,000 n/a 0.2%
American Residential Lending $980,000 n/a 0.2%
Inlanta Mortgage $700,000 $940,000 34.3% 0.2%
First Guaranty Mortgage Corporation $310,000 $900,000 190.3% 0.1%
BMO Harris Bank N.A. $300,000 $885,000 195.0% 0.1%
First Centennial Mortgage Corp. $1,030,000 $855,000 -17.0% 0.1%
V.I.P. Mortgage Inc. $335,000 $845,000 152.2% 0.1%
Low VA Rates $105,000 $835,000 695.2% 0.1%
Endeavor Capital Mortgage LLC $535,000 $780,000 45.8% 0.1%
Compass Mortgage Inc $870,000 $760,000 -12.6% 0.1%
Lakeview Community Capital, LLC $760,000 n/a 0.1%
United Home Loans Inc $750,000 n/a 0.1%
CIBC Bank USA $195,000 $745,000 282.1% 0.1%
Gold Star Mortgage Financial Group, Corporation $605,000 $725,000 19.8% 0.1%
AmeriHomeMortgageCompany,LL $390,000 $720,000 84.6% 0.1%
NuMark Credit Union $190,000 $705,000 271.1% 0.1%
CARRINGTON MORTGAGE SERVICES $1,650,000 $695,000 -57.9% 0.1%
First Federal Savings Bank $295,000 $695,000 135.6% 0.1%
American Financial Funding $255,000 $680,000 166.7% 0.1%
American Portfolio Mortgage $1,420,000 $680,000 -52.1% 0.1%
Better Mortgage Corporation $675,000 n/a 0.1%
Oceanside Mortgage Company $135,000 $635,000 370.4% 0.1%
Equity Prime Mortgage LLC $630,000 n/a 0.1%
New American Funding (dba for Broker Solutions Inc) $515,000 $630,000 22.3% 0.1%
REGIONS BANK $160,000 $630,000 293.8% 0.1%
The Anderson Financial Group Inc $185,000 $610,000 229.7% 0.1%
Bank of England $180,000 $605,000 236.1% 0.1%
21ST MORTGAGE $745,000 $555,000 -25.5% 0.1%
Academy Mortgage Corporation $555,000 n/a 0.1%
Fidelity Bank $555,000 n/a 0.1%
Parlay Mortgage & Property Inc $605,000 $555,000 -8.3% 0.1%
Finance of America Commercial LLC $170,000 $545,000 220.6% 0.1%
PRIMELENDING $275,000 $545,000 98.2% 0.1%
Parkside Lending LLC $2,935,000 $535,000 -81.8% 0.1%
CNB Bank and Trust N.A. $530,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $525,000 n/a 0.1%
Churchill Mortgage Corporation $515,000 n/a 0.1%
American Financial Resources Inc. $495,000 n/a 0.1%
Provident Funding Associates $280,000 $490,000 75.0% 0.1%
Clearpath Lending $480,000 n/a 0.1%
Mid America Mortgage Inc. $480,000 n/a 0.1%
Success Mortgage Partners Inc. $475,000 n/a 0.1%
Keller Mortgage LLC $465,000 n/a 0.1%
American Financial Network Inc. $265,000 $445,000 67.9% 0.1%
First Northern Credit Union $45,000 $440,000 877.8% 0.1%
Total Mortgage Services LLC $365,000 $440,000 20.5% 0.1%
First Savings Bank $195,000 $435,000 123.1% 0.1%
State Bank of Graymont $105,000 $435,000 314.3% 0.1%
Royal United Mortgage LLC $530,000 $420,000 -20.8% 0.1%
Discover Bank $345,000 $415,000 20.3% 0.1%
HomeStar Financial Corporation $415,000 n/a 0.1%
Hometown National Bank $400,000 $415,000 3.8% 0.1%
Farm Credit Mid-America $410,000 n/a 0.1%
Marine Bank $410,000 n/a 0.1%
Triad Financial Services Inc $405,000 n/a 0.1%
Centier Bank $180,000 $400,000 122.2% 0.1%
First Mid Bank & Trust, NA $380,000 n/a 0.1%
First Federal Bank of Kansas City $375,000 n/a 0.1%
The Home Loan Expert $525,000 $370,000 -29.5% 0.1%
MIDWEST COMMUNITY BANK $365,000 n/a 0.1%
James B. Nutter & Company $360,000 n/a 0.1%
AAG $190,000 $355,000 86.8% 0.1%
Oxford Bank & Trust $295,000 $355,000 20.3% 0.1%
American Bank and Trust Company National Association $340,000 n/a 0.1%
Citizens Equity First Credit Union (CEFCU) $335,000 n/a 0.1%
GSF Mortgage Corporation $335,000 n/a 0.1%
Union Home Mortgage Company $115,000 $330,000 187.0% 0.1%
Direct Mortgage Loans $325,000 n/a 0.1%
Northpointe Bank $325,000 n/a 0.1%
Prosperity Home Mortgage LLC $320,000 n/a 0.1%
Magnolia Bank Incorporated $315,000 n/a 0.1%
Wyndham Capital Mortgage $315,000 n/a 0.1%
Nations Lending Corporation $470,000 $310,000 -34.0% 0.1%
Heartland Bank and Trust Co $305,000 n/a 0.1%
Meridian Bank $305,000 n/a 0.1%
Branch Banking And Trust Co $300,000 n/a 0.0%
DIAMOND RESIDENTIAL MTG CORP $300,000 n/a 0.0%
Ixonia Bank $300,000 n/a 0.0%
Baxter Credit Union $290,000 n/a 0.0%
COMMUNITY BANC MORTGAGE CORP $285,000 n/a 0.0%
UNITED COMMUNITY BANK $280,000 n/a 0.0%
Selfreliance Federal Credit Union $275,000 n/a 0.0%
University Lending Group LLC $115,000 $275,000 139.1% 0.0%
Home State Bank National Association $135,000 $270,000 100.0% 0.0%
Plains Commerce Bank $270,000 n/a 0.0%
Ottawa Savings Bank $195,000 $260,000 33.3% 0.0%
Ruoff Home Mortgage $260,000 n/a 0.0%
AimLoan.com $255,000 n/a 0.0%
Catlin Bank $255,000 n/a 0.0%
Ipava State Bank $255,000 n/a 0.0%
Old Second National Bank $245,000 $255,000 4.1% 0.0%
Credit Union 1 $135,000 $245,000 81.5% 0.0%
Waterstone Mortgage Corp $245,000 n/a 0.0%
Citibank, N.A. $115,000 $240,000 108.7% 0.0%
First Bank of Manhattan $285,000 $240,000 -15.8% 0.0%
Inland Bank and Trust $2,580,000 $235,000 -90.9% 0.0%
American Nationwide Mortgage Company $855,000 $225,000 -73.7% 0.0%
Guaranteed Rate Affinity LLC $810,000 $225,000 -72.2% 0.0%
Lake Michigan Credit Union $225,000 n/a 0.0%
top flite financial, inc. $250,000 $220,000 -12.0% 0.0%
Providence Bank & Trust $215,000 $215,000 0.0% 0.0%
Triumph Bank $225,000 $215,000 -4.4% 0.0%
RF Renovo Management Company, LLC $1,480,000 $210,000 -85.8% 0.0%
Finance of America Mortgage LLC $175,000 $205,000 17.1% 0.0%
Hallmark Home Mortgage LLC $205,000 n/a 0.0%
North American Savings Bank $165,000 $205,000 24.2% 0.0%
Alliant Credit Union $190,000 n/a 0.0%
Associated Bank NA $150,000 $185,000 23.3% 0.0%
FNBC Bank and Trust $185,000 n/a 0.0%
Intercontinental Capital Group, Inc. $165,000 $185,000 12.1% 0.0%
Nationwide Mortgage Bankers Inc. $185,000 n/a 0.0%
Thrivent Federal Credit Union $185,000 n/a 0.0%
Verve a Credit Union $185,000 n/a 0.0%
Morton Community Bank $295,000 $175,000 -40.7% 0.0%
Prime Choice Funding, Inc. $330,000 $175,000 -47.0% 0.0%
Sovereign Lending Group, Inc $390,000 $175,000 -55.1% 0.0%
Alterra Group LLC dba Alterra Home Loans $145,000 $170,000 17.2% 0.0%
SPRING EQ, LLC $170,000 n/a 0.0%
Frontier Financial, Inc. DBA Frontier Mortgage $165,000 n/a 0.0%
Midwest Loan Services Inc $165,000 n/a 0.0%
Network Capital Funding Corporation $165,000 n/a 0.0%
Residential Wholesale Mortgage $165,000 n/a 0.0%
Sirva Mortgage Inc. $205,000 $165,000 -19.5% 0.0%
TCF National Bank $190,000 $165,000 -13.2% 0.0%
US Mortgage of Florida $165,000 n/a 0.0%
Great Lakes Credit Union $160,000 n/a 0.0%
AMERIS BANK $165,000 $155,000 -6.1% 0.0%
Holcomb Bank $155,000 n/a 0.0%
Prairie State Bank & Trust $155,000 $155,000 0.0% 0.0%
Bay Equity LLC $570,000 $145,000 -74.6% 0.0%
BELL BANK $145,000 n/a 0.0%
CBNA $745,000 $145,000 -80.5% 0.0%
Gershman Investment Corp. $145,000 n/a 0.0%
IAA CREDIT UNION $145,000 n/a 0.0%
Petefish Skiles & Co. Bank $145,000 n/a 0.0%
SoFi Lending Corp $145,000 n/a 0.0%
Cornerstone National Bank & Trust Company $135,000 n/a 0.0%
Illinois State Police Federal Credit Union $155,000 $135,000 -12.9% 0.0%
OakStar Bank $135,000 n/a 0.0%
Cascade Financial Services $125,000 n/a 0.0%
LendingOne LLC $125,000 n/a 0.0%
Mortgage Solutions of Colorado LLC $125,000 n/a 0.0%
State Financial Network LLC $125,000 n/a 0.0%
FedEx Employees Credit Association $115,000 n/a 0.0%
Liberty Home Mortgage Corp $115,000 n/a 0.0%
All Reverse Mortgage Inc $105,000 n/a 0.0%
Finance of America Reverse LLC $215,000 $105,000 -51.2% 0.0%
LendSure Mortgage Corp $105,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $105,000 n/a 0.0%
Servion, Inc. $250,000 $105,000 -58.0% 0.0%
Towne Mortgage Company $105,000 n/a 0.0%
VanDyk Mortgage Corporation $105,000 n/a 0.0%
TIAA, FSB $95,000 n/a 0.0%
United Mortgage Corp $95,000 n/a 0.0%
Peoples Mortgage Company $85,000 n/a 0.0%
Land Home Financial Services Inc. $75,000 n/a 0.0%
Wings Financial Credit Union $65,000 n/a 0.0%
Healthcare Associates Credit Union $225,000 $55,000 -75.6% 0.0%
Quorum Federal Credit Union $45,000 n/a 0.0%
Dupaco Community Credit Union $155,000 $35,000 -77.4% 0.0%
Longbridge Financial, LLC $35,000 n/a 0.0%
Star USA Federal Credit Union $35,000 n/a 0.0%
COMMERCE BANK $25,000 n/a 0.0%
Digital Federal Credit Union $185,000 $25,000 -86.5% 0.0%

KANKAKEE's top lender by overall market share is Municipal Trust and Savings Bank, with 10.2% market share. In second place, with 9.5%, is Peoples Bank of Kankakee County, having originated $57,390,000 in loans. In third place, with 8.7%, is Midland States Bank, having originated $52,770,000 in loans. In third place, with 6.4%, is National Bank of St Anne, having originated $38,915,000 in loans. In third place, with 6.2%, is Quicken Loans, having originated $37,855,000 in loans.


KANKAKEE, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 1,638 $283,620,000 $173,150
Home Purchase 1,448 $237,300,000 $163,881
Cash Out Refi 482 $74,830,000 $155,249
Other 100 $7,610,000 $76,100
Home Improvement 70 $3,530,000 $50,429

Kankakee's most frequently cited loan purpose was Refi, with 1,638 originations. The 2nd most popular reason was Home Purchase, with 1,448 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,202 $190,840,000 $158,769
2.5-3% 854 $151,040,000 $176,862
<2.5% 216 $32,840,000 $152,037
4-5% 180 $25,260,000 $140,333
5-6% 37 $2,185,000 $59,054
Over 8% 30 $1,490,000 $49,667
6-7% 23 $1,205,000 $52,391
7-8% 9 $345,000 $38,333

During 2020, Kankakee's most frequently originated rate bucket was 3-4%, with 1,202 originations.

Loan Sizing (KANKAKEE, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,920 $282,210,000 $146,984
$100,000 or less 890 $55,740,000 $62,629
$200k-400k 890 $224,160,000 $251,865
$400k-600k 23 $10,165,000 $441,957
$Over $1MM 10 $30,930,000 $3,093,000
$600k-1000k 5 $3,685,000 $737,000

KANKAKEE's loan sizing saw the bucket of loans from $100k-200k with 1,920 originations, totaling $282,210,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,274 $220,770,000 $173,289
60-80% 719 $125,105,000 $173,999
40-60% 184 $21,810,000 $118,533
Under 20% 127 $2,805,000 $22,087
20-40% 90 $5,720,000 $63,556
Over 100% 23 $5,405,000 $235,000

KANKAKEE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,274 originations, totaling $220,770,000 in origination value.