KANKAKEE Mortgage Rates

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

30 Year Fixed Rate mortgages in Kankakee averaged 5.29% for the week of 2022-08-04, compared to the national average of 4.99% for the same period.

The average rate for the prior week (2022-07-28) was 5.7% and one month ago for the week of 2022-06-30, the average rate was 6%.

Kankakee's average rate one year ago was 3.33%.

For refis of the same type during the week of 2022-08-04, the average rate was 5%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-08-04 4.99%
Kankakee 30 Year Fixed Rate 2022-08-04 5.29%
Kankakee 30 Year Fixed Rate Refi 2022-08-04 5%
Kankakee 15 Year Fixed Rate 2022-08-04 4.9%
Kankakee 15 Year Fixed Rate Refi 2022-08-04 4.36%
Kankakee 30 Year FHA 2022-08-04 5.29%
Kankakee 30 Year FHA Refi 2022-08-04 5.58%
Kankakee 30 Year USDA 2022-08-04 5.4%
Kankakee 30 Year USDA Refi 2022-08-04 5.63%
Kankakee 30 Year VA 2022-08-04 5.45%
Kankakee 30 Year VA Refi 2022-08-04 4.98%
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 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Midland States Bank 134 3.23% $2,860
QUICKEN LOANS, LLC 123 3.16% $4,419
Wells Fargo Bank 56 3.19% $2,196
Hometown Lenders, Inc. 56 3.34% $3,407
GUARANTEED RATE, INC. 52 3.24% $3,313
JPMorgan Chase Bank 26 3.01% $2,472
CROSSCOUNTRY MORTGAGE, LLC 24 3.24% $4,293
Flanagan State Bank 24 3.20% $2,725
First American Bank 20 3.03% $2,340
PNC Bank 19 3.18% $2,772
DRAPER AND KRAMER MORTGAGE CORP. 19 3.00% $3,299
AMERICAN PACIFIC MORTGAGE CORPORATION 17 3.40% $3,715
NATIONS RELIABLE LENDING, LLC 17 3.49% $4,084
First Financial Bank 17 3.64% $2,662
FLAT BRANCH MORTGAGE, INC. 16 3.26% $3,072
First Midwest Bank 16 3.28% $2,997
UNITED WHOLESALE MORTGAGE, LLC 16 3.08% $5,079
HOME POINT FINANCIAL CORPORATION 15 3.34% $3,682
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 3.29% $3,763
LOANDEPOT.COM, LLC 13 3.07% $4,033
FIRST CENTENNIAL MORTGAGE CORPORATION 12 3.02% $2,691
U.S. Bank 12 3.12% $2,914
LEADERONE FINANCIAL CORPORATION 11 3.33% $3,205
Iroquois Federal Savings and Loan Association 11 3.22% $2,195
Allied First Bank,sb 11 2.94% $2,943
Barrington Bank & Trust Company, N.A. 10 3.11% $3,119
CMG MORTGAGE, INC. 9 3.22% $3,484
COMPASS MORTGAGE, INC. 9 3.01% $3,849
AMERISAVE MORTGAGE CORPORATION 9 2.85% $4,702
HOMESIDE FINANCIAL, LLC 8 3.17% $3,246
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 3.48% $5,224
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 3.20% $3,395
FREEDOM MORTGAGE CORPORATION 7 3.51% $3,263
Key Mortgage Services, Inc. 7 3.13% $2,779
CALIBER HOME LOANS, INC. 7 3.20% $2,195
Pacor Mortgage Corp 6 3.23% $3,408
STEARNS LENDING, LLC 6 3.00% $3,222
Flagstar Bank, FSB 6 3.19% $2,904
The Federal Savings Bank 6 3.02% $3,788
BETTER MORTGAGE CORPORATION 6 2.96% $4,407
Fifth Third Bank 6 3.25% $3,337
NUMARK CREDIT UNION 6 3.56% $2,355
NAVY FEDERAL CREDIT UNION 5 4.10% $4,782
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.20% $4,050
COMPEER FINANCIAL, FLCA 5 4.12% $3,325
NEWREZ LLC 5 3.12% $2,401
The Huntington National Bank 5 2.73% $3,667
MUTUAL OF OMAHA MORTGAGE, INC. 5 3.30% $3,849
Mutual Federal Bank 5 3.22% $3,462
Mr. Cooper ( Nationstar Mortgage ) 5 3.30% $3,956
CANOPY MORTGAGE, LLC 4 3.22% $4,478
Neighborhood Loans, Inc. 4 3.00% $4,438
NORTHWEST BANK OF ROCKFORD 4 3.34% $2,864
Bank of England 4 3.50% $4,356
CELEBRITY HOME LOANS, LLC 4 3.22% $4,297
GUARANTEED RATE AFFINITY, LLC 4 3.25% $3,499
InterContinental Capital Group, Inc 4 3.53% $6,139
Grundy Bank 4 2.91% $2,470
PENNYMAC LOAN SERVICES, LLC 4 3.75% $5,273
PLAZA HOME MORTGAGE, INC. 4 3.03% $1,604
Chicago Mortgage Solutions LLC 3 2.74% $1,069
Peoples Bank 3 2.96% $2,199
Paramount Residential Mortgage Group, Inc. 3 4.21% $4,488
ROYAL UNITED MORTGAGE LLC 3 4.00% $4,265
ENDEAVOR CAPITAL, LLC. 3 3.46% $4,187
BMO Harris Bank 3 3.13% $2,871
BLUELEAF LENDING, LLC 3 3.08% $3,042
BAY EQUITY LLC 3 3.17% $5,264
AmeriHome Mortgage Company, LLC 3 3.58% $4,071
ABSOLUTE HOME MORTGAGE CORPORATION 2 3.06% $5,002
AMERICAN FINANCIAL NETWORK, INC. 2 2.81% $8,829
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 3.13% $3,043
Associated Bank 2 3.00% $5,126
Bank of Pontiac 2 3.00% $2,475
CHERRY CREEK MORTGAGE, LLC 2 3.63% $312
Citizens Bank 2 3.25% $2,388
First Guaranty Mortgage Corporation 2 3.13% $3,014
FIRST NORTHERN Credit Union 2 3.44% $3,056
Gold Coast Bank 2 2.94% $2,540
Ixonia Bank 2 3.06% $3,476
LENDERFI, INC. 2 2.99% $1,376
Nations Lending Corporation 2 2.81% $4,933
OCMBC, INC. 2 3.19% $3,665
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.12% $3,430
THE ANDERSON FINANCIAL GROUP, INC. 2 2.81% $2,489
TOTAL MORTGAGE SERVICES, LLC 2 3.44% $3,442
UNION HOME MORTGAGE CORP. 2 3.94% $4,923
United Fidelity Funding Corp. 2 3.43% $4,511
UNITED HOME LOANS, INC. 2 2.81% $2,616
FIRST STATE MORTGAGE SERVICES, LLC 1 3.75% $3,781
Manufacturers and Traders Trust Company 1 3.25% $3,199
Marquette Bank 1 2.75% $1,633
MEMBER FIRST MORTGAGE, LLC 1 3.38% $3,794
First State Bank of St. Charles, Missouri 1 2.63% $2,212
Midwest Community Bank 1 3.38% $3,142
MLD MORTGAGE INC. 1 2.75% $2,608
MOVEMENT MORTGAGE, LLC 1 2.94% $3,180
First State Bank 1 3.00% $1,944
First Savings Bank of Hegewisch 1 2.60% $1,395
First Savings Bank 1 5.13% $4,797
Ally Bank 1 2.75% $3,739
First Home Bank 1 2.88% $3,146
Discover Bank 1 3.99% $0
NBKC BANK 1 3.13% $1,086
DIGITAL Federal Credit Union 1 2.88% $4,946
Deere Employees Credit Union 1 2.88% $4,820
CROWN MORTGAGE COMPANY 1 3.25% $5,356
Credit Union 1 1 2.63% $3,246
United Community Bank 1 3.18% $1,298
Old Second National Bank 1 4.75% $2,536
OPEN MORTGAGE, LLC 1 2.63% $1,297
Community Mortgage Banc Corporation 1 3.30% $1,306
CNB Bank And Trust, N.A. 1 2.88% $2,671
PARKSIDE LENDING, LLC 1 2.63% $2,481
PARLAY MORTGAGE & PROPERTY, INC. 1 2.99% $2,906
CITIZENS EQUITY FIRST 1 3.38% $2,219
Citibank 1 3.00% $4,368
PHH Mortgage Corporation 1 4.38% $3,081
CIBM Bank 1 3.38% $2,559
CHURCHILL MORTGAGE CORPORATION 1 2.88% $3,656
ACADEMY MORTGAGE CORPORATION 1 3.50% $2,629
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.88% $2,360
PURDUE FEDERAL CREDIT UNION 1 2.88% $3,116
Chicago Financial Services, Inc. 1 3.38% $2,290
BROKER SOLUTIONS, INC. 1 2.75% $2,977
Servion, Inc. 1 2.88% $4,198
SOVEREIGN LENDING GROUP INCORPORATED 1 2.88% $4,046
Bank of America 1 3.25% $3,379
SUCCESS MORTGAGE PARTNERS, INC. 1 3.00% $3,054
T2 FINANCIAL LLC 1 3.63% $5,361
ZILLOW HOME LOANS, LLC 1 2.88% $3,846
Austin Capital Bank SSB 1 2.88% $4,634
ARC HOME LLC 1 5.13% $10,656
THRIVENT Federal Credit Union 1 3.13% $2,783
AMERITRUST MORTGAGE CORPORATION 1 2.63% $7,538
TOWNE MORTGAGE COMPANY 1 3.50% $1,563
INLANTA MORTGAGE, INC. 1 3.25% $2,640
Horizon Bank 1 3.00% $4,312
HOMESTEAD FUNDING CORP. 1 2.63% $2,848
TRIAD FINANCIAL SERVICES, INC. 1 5.50% $6,561
GUILD MORTGAGE COMPANY 1 3.63% $8,827
Grand Bank for Savings, FSB 1 6.88% $4,082
LAKE MORTGAGE COMPANY INC 1 3.13% $4,849
Florida Capital Bank 1 2.63% $5,137
UIF CORPORATION 1 3.63% $2,566
LENDSURE MORTGAGE CORP. 1 6.00% $12,566

KANKAKEE, IL's 146 lenders originated 3,686 loans during 2021. The total origination value was $602,890,000, with an average loan value of $163,562.

The top KANKAKEE lender as defined by loan originations is Midland States Bank, with 134 loans originated. Their average total fees are $2,860, which is $1,559 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee KANKAKEE lenders (with over 10 loans originated) are Iroquois Federal Savings and Loan Association ($2,195), Wells Fargo Bank ($2,196), First American Bank ($2,340), JPMorgan Chase Bank ($2,472) and First Financial Bank ($2,662).

The lowest rate KANKAKEE lenders (with over 10 loans originated) are Allied First Bank,sb (2.94%), DRAPER AND KRAMER MORTGAGE CORP. (3.00%), JPMorgan Chase Bank (3.01%), FIRST CENTENNIAL MORTGAGE CORPORATION (3.02%) and First American Bank (3.03%).

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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Municipal Trust and Savings Bank $61,995,000 $47,745,000 -23.0% 7.9%
QUICKEN LOANS, LLC $37,855,000 $47,150,000 24.6% 7.8%
Midland States Bank $52,770,000 $45,910,000 -13.0% 7.6%
Peoples Bank of Kankakee County $57,390,000 $44,940,000 -21.7% 7.5%
National Bank of St. Anne $38,915,000 $24,950,000 -35.9% 4.1%
Wells Fargo Bank $17,770,000 $24,455,000 37.6% 4.1%
GUARANTEED RATE, INC. $12,255,000 $19,320,000 57.6% 3.2%
First Trust Bank of Illinois $19,340,000 $18,670,000 -3.5% 3.1%
Hometown Lenders, Inc. $11,140,000 $15,530,000 39.4% 2.6%
FREEDOM MORTGAGE CORPORATION $13,405,000 $15,460,000 15.3% 2.6%
Flanagan State Bank $13,435,000 $12,465,000 -7.2% 2.1%
PNC Bank $9,595,000 $9,035,000 -5.8% 1.5%
JPMorgan Chase Bank $4,365,000 $8,900,000 103.9% 1.5%
CROSSCOUNTRY MORTGAGE, LLC $7,030,000 $8,680,000 23.5% 1.4%
First American Bank $8,755,000 $8,075,000 -7.8% 1.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $4,105,000 $7,740,000 88.6% 1.3%
LOANDEPOT.COM, LLC $5,315,000 $7,495,000 41.0% 1.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,115,000 $7,465,000 45.9% 1.2%
Mortgage Research Center, LLC $6,055,000 $7,275,000 20.1% 1.2%
PENNYMAC LOAN SERVICES, LLC $2,645,000 $5,920,000 123.8% 1.0%
DRAPER AND KRAMER MORTGAGE CORP. $3,645,000 $5,720,000 56.9% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $6,460,000 $5,430,000 -15.9% 0.9%
FLAT BRANCH MORTGAGE, INC. $4,200,000 $5,340,000 27.1% 0.9%
UNITED WHOLESALE MORTGAGE, LLC $4,660,000 $5,115,000 9.8% 0.8%
NATIONS RELIABLE LENDING, LLC $5,065,000 n/a 0.8%
First State Bank $6,245,000 $4,950,000 -20.7% 0.8%
CALIBER HOME LOANS, INC. $4,185,000 $4,790,000 14.5% 0.8%
HOME POINT FINANCIAL CORPORATION $4,655,000 $4,790,000 2.9% 0.8%
FIRST CENTENNIAL MORTGAGE CORPORATION $855,000 $4,480,000 424.0% 0.7%
The First National Bank of Ottawa $1,205,000 $4,475,000 271.4% 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,065,000 $4,220,000 37.7% 0.7%
LEADERONE FINANCIAL CORPORATION $6,510,000 $4,220,000 -35.2% 0.7%
First Midwest Bank $3,855,000 $4,160,000 7.9% 0.7%
KeyBank $3,935,000 n/a 0.7%
U.S. Bank $2,020,000 $3,795,000 87.9% 0.6%
First Financial Bank $4,810,000 $3,730,000 -22.5% 0.6%
The Federal Savings Bank $3,335,000 $3,655,000 9.6% 0.6%
AMERISAVE MORTGAGE CORPORATION $2,210,000 $3,420,000 54.8% 0.6%
Barrington Bank & Trust Company, N.A. $3,475,000 $3,410,000 -1.9% 0.6%
NEWREZ LLC $3,040,000 $3,210,000 5.6% 0.5%
LAKEVIEW LOAN SERVICING, LLC $2,195,000 $3,165,000 44.2% 0.5%
Neighborhood Loans, Inc. $1,655,000 $3,160,000 90.9% 0.5%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $725,000 $3,155,000 335.2% 0.5%
CMG MORTGAGE, INC. $1,650,000 $3,130,000 89.7% 0.5%
USAA Federal Savings Bank $2,900,000 $2,915,000 0.5% 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $4,745,000 $2,890,000 -39.1% 0.5%
Iroquois Federal Savings and Loan Association $8,075,000 $2,745,000 -66.0% 0.5%
HOMESIDE FINANCIAL, LLC $2,120,000 $2,520,000 18.9% 0.4%
Allied First Bank,sb $1,215,000 $2,455,000 102.1% 0.4%
Flagstar Bank, FSB $1,170,000 $2,450,000 109.4% 0.4%
The Huntington National Bank $2,035,000 $2,420,000 18.9% 0.4%
COMPASS MORTGAGE, INC. $760,000 $2,390,000 214.5% 0.4%
NAVY FEDERAL CREDIT UNION $1,905,000 $2,385,000 25.2% 0.4%
Grundy Bank $2,210,000 $2,185,000 -1.1% 0.4%
Carrington Mortgage Services, LLC $695,000 $2,135,000 207.2% 0.4%
Key Mortgage Services, Inc. $1,770,000 $2,045,000 15.5% 0.3%
STEARNS LENDING, LLC $2,195,000 $2,015,000 -8.2% 0.3%
Pacor Mortgage Corp $2,265,000 $1,985,000 -12.4% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $1,615,000 $1,870,000 15.8% 0.3%
Fifth Third Bank $1,950,000 $1,825,000 -6.4% 0.3%
RF Renovo Management Company, LLC $210,000 $1,815,000 764.3% 0.3%
NUMARK CREDIT UNION $705,000 $1,680,000 138.3% 0.3%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $680,000 $1,640,000 141.2% 0.3%
PLAZA HOME MORTGAGE, INC. $2,430,000 $1,600,000 -34.2% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $1,245,000 $1,565,000 25.7% 0.3%
Mutual Federal Bank $1,410,000 $1,550,000 9.9% 0.3%
BETTER MORTGAGE CORPORATION $675,000 $1,540,000 128.1% 0.3%
CELEBRITY HOME LOANS, LLC $1,230,000 $1,510,000 22.8% 0.3%
THE ANDERSON FINANCIAL GROUP, INC. $610,000 $1,425,000 133.6% 0.2%
Stifel Bank and Trust $1,285,000 $1,415,000 10.1% 0.2%
COMPEER FINANCIAL, FLCA $2,865,000 $1,380,000 -51.8% 0.2%
First Guaranty Mortgage Corporation $900,000 $1,345,000 49.4% 0.2%
Peoples Bank $1,320,000 $1,320,000 0.0% 0.2%
Bank of America $1,765,000 $1,285,000 -27.2% 0.2%
BLUELEAF LENDING, LLC $2,780,000 $1,220,000 -56.1% 0.2%
AmeriHome Mortgage Company, LLC $720,000 $1,190,000 65.3% 0.2%
Citizens Bank $145,000 $1,095,000 655.2% 0.2%
NORTHWEST BANK OF ROCKFORD $3,710,000 $1,095,000 -70.5% 0.2%
BMO Harris Bank $885,000 $1,035,000 16.9% 0.2%
Associated Bank $185,000 $1,025,000 454.1% 0.2%
InterContinental Capital Group, Inc $185,000 $1,025,000 454.1% 0.2%
CANOPY MORTGAGE, LLC $1,000,000 n/a 0.2%
BROKER SOLUTIONS, INC. $630,000 $935,000 48.4% 0.2%
TRIAD FINANCIAL SERVICES, INC. $405,000 $920,000 127.2% 0.2%
Paramount Residential Mortgage Group, Inc. $910,000 n/a 0.2%
United Fidelity Funding Corp. $905,000 n/a 0.2%
GUARANTEED RATE AFFINITY, LLC $225,000 $840,000 273.3% 0.1%
21ST MORTGAGE CORPORATION $555,000 $830,000 49.5% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $445,000 $805,000 80.9% 0.1%
Bank of England $605,000 $795,000 31.4% 0.1%
Old Second National Bank $255,000 $795,000 211.8% 0.1%
Fidelity Bank $555,000 $785,000 41.4% 0.1%
BAY EQUITY LLC $145,000 $770,000 431.0% 0.1%
PLANET HOME LENDING, LLC $1,060,000 $770,000 -27.4% 0.1%
NEW DAY FINANCIAL, LLC $1,165,000 $745,000 -36.1% 0.1%
Bank of Pontiac $805,000 $740,000 -8.1% 0.1%
FIRST STATE MORTGAGE SERVICES, LLC $1,430,000 $720,000 -49.7% 0.1%
OCMBC, INC. $715,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $555,000 $695,000 25.2% 0.1%
DIRECT MORTGAGE LOANS, LLC $325,000 $695,000 113.8% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $475,000 $695,000 46.3% 0.1%
ENDEAVOR CAPITAL, LLC. $780,000 $685,000 -12.2% 0.1%
UNION HOME MORTGAGE CORP. $330,000 $680,000 106.1% 0.1%
AmRes Corporation $980,000 $660,000 -32.7% 0.1%
Ixonia Bank $300,000 $655,000 118.3% 0.1%
Marquette Bank $1,375,000 $615,000 -55.3% 0.1%
ROYAL UNITED MORTGAGE LLC $420,000 $615,000 46.4% 0.1%
Prospect Bank $600,000 n/a 0.1%
INLANTA MORTGAGE, INC. $940,000 $585,000 -37.8% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $545,000 $580,000 6.4% 0.1%
AMERICAN FINANCING CORPORATION $575,000 n/a 0.1%
Chicago Mortgage Solutions LLC $575,000 n/a 0.1%
Ally Bank $260,000 $510,000 96.2% 0.1%
SIRVA MORTGAGE, INC. $165,000 $510,000 209.1% 0.1%
MOVEMENT MORTGAGE, LLC $525,000 $505,000 -3.8% 0.1%
Bankers' Bank $500,000 n/a 0.1%
AMERITRUST MORTGAGE CORPORATION $475,000 n/a 0.1%
Deere Employees Credit Union $455,000 n/a 0.1%
LENDERFI, INC. $440,000 n/a 0.1%
Discover Bank $415,000 $435,000 4.8% 0.1%
Nations Lending Corporation $310,000 $435,000 40.3% 0.1%
CIBM Bank $1,080,000 $425,000 -60.6% 0.1%
Equity Prime Mortgage LLC $630,000 $410,000 -34.9% 0.1%
DELMAR FINANCIAL COMPANY $400,000 n/a 0.1%
CHERRY CREEK MORTGAGE, LLC $390,000 n/a 0.1%
UNITED HOME LOANS, INC. $750,000 $390,000 -48.0% 0.1%
NP, Inc. $165,000 $385,000 133.3% 0.1%
ARC HOME LLC $380,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $515,000 $380,000 -26.2% 0.1%
TOTAL MORTGAGE SERVICES, LLC $440,000 $370,000 -15.9% 0.1%
IAA Credit Union $145,000 $340,000 134.5% 0.1%
Servion, Inc. $105,000 $340,000 223.8% 0.1%
Community Mortgage Banc Corporation $285,000 $325,000 14.0% 0.1%
HOMESTEAD FUNDING CORP. $325,000 n/a 0.1%
PARLAY MORTGAGE & PROPERTY, INC. $555,000 $325,000 -41.4% 0.1%
T2 FINANCIAL LLC $315,000 n/a 0.1%
FIRST NORTHERN Credit Union $440,000 $305,000 -30.7% 0.1%
ABSOLUTE HOME MORTGAGE CORPORATION $290,000 n/a 0.0%
Gold Coast Bank $290,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $290,000 n/a 0.0%
Chicago Financial Services, Inc. $285,000 n/a 0.0%
Prosperity Home Mortgage, LLC $320,000 $285,000 -10.9% 0.0%
Oxford Bank & Trust $355,000 $270,000 -23.9% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $545,000 $265,000 -51.4% 0.0%
CITIZENS EQUITY FIRST $335,000 $260,000 -22.4% 0.0%
First Option Mortgage, LLC $255,000 n/a 0.0%
State Bank of Graymont $435,000 $255,000 -41.4% 0.0%
Wyndham Capital Mortgage, Inc. $315,000 $255,000 -19.0% 0.0%
AMERICAN ADVISORS GROUP $355,000 $245,000 -31.0% 0.0%
First Savings Bank $435,000 $245,000 -43.7% 0.0%
Florida Capital Bank $245,000 n/a 0.0%
Marine Bank $410,000 $245,000 -40.2% 0.0%
Preston Home Loans Inc $245,000 n/a 0.0%
EVERETT FINANCIAL, INC. $3,715,000 $240,000 -93.5% 0.0%
Figure Lending LLC $45,000 $240,000 433.3% 0.0%
Low VA Rates, LLC $835,000 $240,000 -71.3% 0.0%
DAS Acquisition Company, LLC $235,000 n/a 0.0%
First Home Bank $235,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $235,000 n/a 0.0%
Raymond James Bank $235,000 n/a 0.0%
United Community Bank $280,000 $230,000 -17.9% 0.0%
Catlin Bank $255,000 $225,000 -11.8% 0.0%
LAKE MORTGAGE COMPANY INC $225,000 n/a 0.0%
Midwest Community Bank $365,000 $225,000 -38.4% 0.0%
Platinum Home Mortgage Corporation $225,000 n/a 0.0%
AMERICAN HOME LENDING USA, LLC $215,000 n/a 0.0%
First National Bank $215,000 n/a 0.0%
Horizon Bank $215,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $105,000 $215,000 104.8% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $175,000 $215,000 22.9% 0.0%
CNB Bank And Trust, N.A. $530,000 $205,000 -61.3% 0.0%
CROWN MORTGAGE COMPANY $205,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $490,000 $205,000 -58.2% 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $300,000 $200,000 -33.3% 0.0%
Manufacturers and Traders Trust Company $195,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $185,000 $195,000 5.4% 0.0%
Northwest Bank $195,000 n/a 0.0%
Ottawa Savings Bank $260,000 $195,000 -25.0% 0.0%
MLD MORTGAGE INC. $185,000 n/a 0.0%
NBKC BANK $185,000 n/a 0.0%
POLISH & SLAVIC FEDERAL CREDIT UNION $185,000 n/a 0.0%
PURDUE FEDERAL CREDIT UNION $185,000 n/a 0.0%
SOFI LENDING CORP. $145,000 $185,000 27.6% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $180,000 n/a 0.0%
Central Bank Illinois $175,000 n/a 0.0%
FAY SERVICING, LLC $175,000 n/a 0.0%
Grand Bank for Savings, FSB $175,000 n/a 0.0%
INLAND BANK & TRUST $235,000 $175,000 -25.5% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $175,000 n/a 0.0%
TCF National Bank $165,000 $175,000 6.1% 0.0%
CALCULATED RISK ANALYTICS LLC $165,000 n/a 0.0%
Credit Union 1 $245,000 $165,000 -32.7% 0.0%
First Savings Bank of Hegewisch $165,000 n/a 0.0%
GUILD MORTGAGE COMPANY $165,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $165,000 $165,000 0.0% 0.0%
ALLIANT CREDIT UNION $190,000 $155,000 -18.4% 0.0%
AMCAP MORTGAGE, LTD. $155,000 n/a 0.0%
CIBC Bank USA $745,000 $155,000 -79.2% 0.0%
Commerce Bank $25,000 $155,000 520.0% 0.0%
PARKSIDE LENDING, LLC $535,000 $155,000 -71.0% 0.0%
First State Bank of St. Charles, Missouri $145,000 n/a 0.0%
Plains Commerce Bank $270,000 $145,000 -46.3% 0.0%
American Community Bank of Indiana $135,000 n/a 0.0%
Lakeview Community Capital, LLC $760,000 $135,000 -82.2% 0.0%
MEMBER FIRST MORTGAGE, LLC $135,000 n/a 0.0%
THRIVENT Federal Credit Union $185,000 $135,000 -27.0% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $495,000 $125,000 -74.7% 0.0%
DIGITAL Federal Credit Union $25,000 $115,000 360.0% 0.0%
PHH Mortgage Corporation $115,000 n/a 0.0%
UIF CORPORATION $115,000 n/a 0.0%
Centier Bank $400,000 $105,000 -73.8% 0.0%
CIVIC FINANCIAL SERVICES, LLC $105,000 n/a 0.0%
ROYAL FINANCIAL, INC. $1,145,000 $105,000 -90.8% 0.0%
UNIVERSITY LENDING GROUP, LLC $275,000 $105,000 -61.8% 0.0%
BANKORION $95,000 n/a 0.0%
Baxter Credit Union $290,000 $95,000 -67.2% 0.0%
First Mid Bank & Trust $380,000 $95,000 -75.0% 0.0%
TOWNE MORTGAGE COMPANY $105,000 $95,000 -9.5% 0.0%
Bank of Springfield $85,000 n/a 0.0%
OPEN MORTGAGE, LLC $85,000 n/a 0.0%
Streator Onized Credit Union $85,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $80,000 n/a 0.0%
Citibank $240,000 $65,000 -72.9% 0.0%
Illinois State Police Federal Credit Union $135,000 $65,000 -51.9% 0.0%
First Federal Savings Bank $695,000 $60,000 -91.4% 0.0%
Austin Capital Bank SSB $55,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $105,000 $55,000 -47.6% 0.0%
Third Federal Savings and Loan Association of Cleveland $55,000 n/a 0.0%
First Bank of Manhattan $240,000 $15,000 -93.8% 0.0%

KANKAKEE's top lender by overall market share is Municipal Trust and Savings Bank, with 7.9% market share. In second place, with 7.8%, is QUICKEN LOANS, LLC, having originated $47,150,000 in loans. In third place, with 7.6%, is Midland States Bank, having originated $45,910,000 in loans. In third place, with 7.5%, is Peoples Bank of Kankakee County, having originated $44,940,000 in loans. In third place, with 4.1%, is National Bank of St. Anne, having originated $24,950,000 in loans.



KANKAKEE Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - KANKAKEE (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 $129,944 (4.6%) $170,179 (1.3%) 0.00 361
2018-02-01 $135,950 (9.0%) $172,897 (2.7%) 0.00 352
2018-03-01 $139,000 (11.3%) $171,859 (2.7%) 0.00 349
2018-04-01 $142,450 (14.0%) $173,756 (4.9%) 0.00 336
2018-05-01 $142,250 (13.8%) $176,561 (8.6%) 0.00 349
2018-06-01 $149,000 (6.5%) $179,865 (6.8%) 0.00 378
2018-07-01 $147,000 (6.9%) $183,386 (4.4%) 0.00 386
2018-08-01 $144,950 (5.1%) $180,005 (4.3%) 0.00 402
2018-09-01 $140,000 (2.9%) $174,939 (2.4%) 0.00 403
2018-10-01 $136,500 (-0.3%) $170,206 (0.8%) 0.00 435
2018-11-01 $134,900 (1.9%) $169,634 (-0.4%) 0.00 438
2018-12-01 $125,000 (-6.7%) $163,768 (-4.3%) 0.00 418
2019-01-01 $126,500 (-2.7%) $163,862 (-3.7%) 0.00 379
2019-02-01 $124,900 (-8.1%) $161,188 (-6.8%) 0.00 349
2019-03-01 $133,471 (-4.0%) $170,825 (-0.6%) 0.00 343
2019-04-01 $144,944 (1.8%) $182,275 (4.9%) 0.00 322
2019-05-01 $154,900 (8.9%) $192,035 (8.8%) 0.00 311
2019-06-01 $159,999 (7.4%) $196,858 (9.5%) 0.00 336
2019-07-01 $160,900 (9.5%) $191,315 (4.3%) 0.00 371
2019-08-01 $165,329 (14.1%) $194,582 (8.1%) 0.00 384
2019-09-01 $169,800 (21.3%) $199,575 (14.1%) 0.00 388
2019-10-01 $164,900 (20.8%) $192,537 (13.1%) 0.00 386
2019-11-01 $159,900 (18.5%) $188,548 (11.2%) 0.00 372
2019-12-01 $159,900 (27.9%) $186,977 (14.2%) 0.00 348
2020-01-01 $158,700 (25.5%) $186,332 (13.7%) 0.00 314
2020-02-01 $159,900 (28.0%) $187,894 (16.6%) 0.00 301
2020-03-01 $162,400 (21.7%) $193,759 (13.4%) 0.00 300
2020-04-01 $169,350 (16.8%) $196,348 (7.7%) 0.00 295
2020-05-01 $179,900 (16.1%) $205,970 (7.3%) 0.00 276
2020-06-01 $179,400 (12.1%) $208,983 (6.2%) 0.00 238
2020-07-01 $177,900 (10.6%) $206,293 (7.8%) 0.00 227
2020-08-01 $174,900 (5.8%) $201,109 (3.4%) 0.00 211
2020-09-01 $174,950 (3.0%) $207,465 (4.0%) 0.00 203
2020-10-01 $159,000 (-3.6%) $198,531 (3.1%) 0.00 212
2020-11-01 $154,700 (-3.3%) $200,674 (6.4%) 0.00 187
2020-12-01 $152,400 (-4.7%) $201,166 (7.6%) 0.00 173
2021-01-01 $150,000 (-5.5%) $199,887 (7.3%) 0.00 163
2021-02-01 $162,400 (1.6%) $207,118 (10.2%) 0.00 128
2021-03-01 $177,450 (9.3%) $215,196 (11.1%) 0.00 114
2021-04-01 $186,400 (10.1%) $227,835 (16.0%) 0.00 101
2021-05-01 $195,000 (8.4%) $226,707 (10.1%) 0.00 110
2021-06-01 $219,950 (22.6%) $243,929 (16.7%) 0.00 126
2021-07-01 $189,900 (6.8%) $232,722 (12.8%) 0.00 136
2021-08-01 $192,000 (9.8%) $231,297 (15.0%) 0.00 138
2021-09-01 $174,500 (-0.3%) $219,015 (5.6%) 0.00 132
2021-10-01 $180,000 (13.2%) $221,630 (11.6%) 0.00 138
2021-11-01 $177,450 (14.7%) $213,891 (6.6%) 0.00 132
2021-12-01 $189,900 (24.6%) $221,158 (9.9%) 0.00 109
2022-01-01 $194,900 (29.9%) $229,418 (14.8%) 0.00 100
2022-02-01 $134,950 (-16.9%) $188,932 (-8.8%) 0.00 133
2022-03-01 $169,000 (-4.8%) $198,129 (-7.9%) 0.00 114
2022-04-01 $169,900 (-8.9%) $203,011 (-10.9%) 0.00 114
2022-05-01 $209,950 (7.7%) $231,891 (2.3%) 0.00 129
2022-06-01 $189,950 (-13.6%) $227,984 (-6.5%) 0.00 162
KANKAKEE's median listing price for 2022-06-01 was $189,950, a difference of $-30,000 (-13.6%) versus the prior year and $-20,000 versus the prior month.

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

KANKAKEE's average listing price for 2022-06-01 was $227,984, a difference of $-15,945 (-6.5%) versus the prior year and $-3,907 versus the prior month.

For the 2022-06-01 period, KANKAKEE had 162 MLS listings, a difference of 33 listings (26%) versus the prior month and 36 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - KANKAKEE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,600 sqft
2018-02-01 0 days 1,556 sqft
2018-03-01 0 days 1,599 sqft
2018-04-01 0 days 1,582 sqft
2018-05-01 0 days 1,622 sqft
2018-06-01 0 days 1,616 sqft
2018-07-01 0 days 1,620 sqft
2018-08-01 0 days 1,601 sqft
2018-09-01 0 days 1,584 sqft
2018-10-01 0 days 1,557 sqft
2018-11-01 0 days 1,547 sqft
2018-12-01 0 days 1,512 sqft
2019-01-01 0 days 1,512 sqft
2019-02-01 0 days 1,497 sqft
2019-03-01 0 days 1,530 sqft
2019-04-01 0 days 1,582 sqft
2019-05-01 0 days 1,620 sqft
2019-06-01 0 days 1,647 sqft
2019-07-01 0 days 1,622 sqft
2019-08-01 0 days 1,617 sqft
2019-09-01 0 days 1,637 sqft
2019-10-01 0 days 1,584 sqft
2019-11-01 0 days 1,600 sqft
2019-12-01 0 days 1,600 sqft
2020-01-01 0 days 1,605 sqft
2020-02-01 0 days 1,600 sqft
2020-03-01 0 days 1,625 sqft
2020-04-01 0 days 1,629 sqft
2020-05-01 0 days 1,700 sqft
2020-06-01 0 days 1,710 sqft
2020-07-01 0 days 1,668 sqft
2020-08-01 0 days 1,640 sqft
2020-09-01 0 days 1,680 sqft
2020-10-01 0 days 1,620 sqft
2020-11-01 0 days 1,600 sqft
2020-12-01 0 days 1,585 sqft
2021-01-01 0 days 1,600 sqft
2021-02-01 0 days 1,653 sqft
2021-03-01 0 days 1,610 sqft
2021-04-01 0 days 1,590 sqft
2021-05-01 0 days 1,555 sqft
2021-06-01 0 days 1,664 sqft
2021-07-01 0 days 1,632 sqft
2021-08-01 0 days 1,619 sqft
2021-09-01 0 days 1,531 sqft
2021-10-01 0 days 1,550 sqft
2021-11-01 0 days 1,559 sqft
2021-12-01 0 days 1,669 sqft
2022-01-01 0 days 1,665 sqft
2022-02-01 0 days 1,484 sqft
2022-03-01 0 days 1,500 sqft
2022-04-01 0 days 1,540 sqft
2022-05-01 0 days 1,611 sqft
2022-06-01 0 days 1,582 sqft
KANKAKEE's median listing age (time on market) for 2022-06-01 was 0 days.

KANKAKEE's median square footage for active listings during the 2022-06-01 period was 1,582 sqft. One year prior, the average listing was 1,664 sqft.

KANKAKEE, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,661 $299,105,000 $180,075
Refi 1,316 $212,580,000 $161,535
Cash Out Refi 526 $79,320,000 $150,798
Other 111 $6,665,000 $60,045
Home Improvement 72 $5,220,000 $72,500

Kankakee's most frequently cited loan purpose was Home Purchase, with 1,661 originations. The 2nd most popular reason was Refi, with 1,316 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,084 $184,230,000 $169,954
3-4% 1,075 $181,345,000 $168,693
<2.5% 478 $77,300,000 $161,715
4-5% 114 $15,030,000 $131,842
Over 8% 32 $3,230,000 $100,938
5-6% 28 $2,410,000 $86,071
6-7% 17 $1,015,000 $59,706
7-8% 12 $480,000 $40,000

During 2021, Kankakee's most frequently originated rate bucket was 2.5-3%, with 1,084 originations.

Loan Sizing (KANKAKEE, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,782 $261,980,000 $147,015
$100,000 or less 926 $57,930,000 $62,559
$200k-400k 923 $236,475,000 $256,203
$400k-600k 37 $17,595,000 $475,541
$Over $1MM 10 $22,740,000 $2,274,000
$600k-1000k 8 $6,170,000 $771,250

KANKAKEE's loan sizing saw the bucket of loans from $100k-200k with 1,782 originations, totaling $261,980,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,293 $242,145,000 $187,274
60-80% 922 $155,210,000 $168,341
40-60% 243 $29,715,000 $122,284
Under 20% 147 $3,295,000 $22,415
20-40% 104 $6,760,000 $65,000
Over 100% 30 $8,350,000 $278,333

KANKAKEE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,293 originations, totaling $242,145,000 in origination value.