KANKAKEE Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Kankakee averaged 6.91% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 7% and one month ago for the week of 2024-11-07, the average rate was 6.8%.

    Kankakee's average rate one year ago was 7.04%.

    For refis of the same type during the week of 2024-12-12, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Kankakee 30 Year Fixed Rate 2024-12-12 6.91%
    Kankakee 30 Year Fixed Rate Refi 2024-12-12 7%
    Kankakee 15 Year Fixed Rate 2024-12-12 5.74%
    Kankakee 15 Year Fixed Rate Refi 2024-12-12 6.24%
    Kankakee 30 Year FHA 2024-12-12 6.37%
    Kankakee 30 Year FHA Refi 2024-12-12 6.38%
    Kankakee 30 Year USDA 2024-12-12 6.1%
    Kankakee 30 Year USDA Refi 2024-12-12 6.3%
    Kankakee 30 Year VA 2024-12-12 6.08%
    Kankakee 30 Year VA Refi 2024-12-12 5.98%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Midland States Bank 62 6.57% $4,523
    QUICKEN LOANS, LLC 29 6.68% $6,179
    Ixonia Bank 25 7.27% $5,599
    GUARANTEED RATE, INC. 18 7.00% $4,609
    JPMorgan Chase Bank 18 6.92% $3,955
    Wells Fargo Bank 13 7.29% $3,541
    AMERICAN PACIFIC MORTGAGE CORPORATION 13 7.03% $6,732
    Iroquois Federal Savings and Loan Association 11 6.80% $3,020
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 7.11% $6,559
    PRIMELENDING, A PLAINSCAPITAL COMPANY 10 7.01% $4,156
    CROSSCOUNTRY MORTGAGE, LLC 10 7.15% $5,651
    Flanagan State Bank 10 6.80% $5,725
    GENEVA FINANCIAL, LLC 10 7.18% $7,785
    Neighborhood Loans, Inc. 8 6.72% $5,502
    LOANDEPOT.COM, LLC 8 6.61% $5,918
    UNITED WHOLESALE MORTGAGE, LLC 8 7.33% $5,169
    U.S. Bank 7 6.93% $4,813
    The Federal Savings Bank 7 6.75% $6,256
    Barrington Bank & Trust Company, N.A. 7 7.07% $4,916
    PNC Bank 7 6.59% $3,681
    Old National Bank 6 6.50% $3,902
    First American Bank 6 6.10% $2,611
    Mortgage Research Center, LLC 6 6.94% $3,846
    FIRST CENTENNIAL MORTGAGE CORPORATION 5 6.28% $3,825
    GUARANTEED RATE AFFINITY, LLC 5 6.65% $4,131
    ZILLOW HOME LOANS, LLC 5 7.15% $5,918
    First Financial Bank 5 6.85% $3,384
    UNITED HOME LOANS, INC. 4 6.31% $6,225
    BETTER MORTGAGE CORPORATION 4 6.16% $3,294
    Grundy Bank 4 6.88% $2,953
    FREEDOM MORTGAGE CORPORATION 3 7.58% $8,087
    DRAPER AND KRAMER MORTGAGE CORP. 3 6.83% $4,021
    CARDINAL FINANCIAL 3 7.88% $6,258
    NATIONS RELIABLE LENDING, LLC 3 6.75% $7,298
    Fifth Third Bank 3 7.08% $4,891
    NORTHWEST BANK OF ROCKFORD 3 6.75% $2,745
    CIBC Bank USA 3 6.83% $3,223
    Allied First Bank,sb 3 6.83% $3,643
    The Huntington National Bank 3 7.17% $3,771
    BMO Harris Bank 3 6.54% $3,625
    AmeriHome Mortgage Company, LLC 3 6.67% $5,435
    USAA Federal Savings Bank 2 6.31% $3,386
    Community Mortgage Banc Corporation 2 7.06% $3,364
    Plains Commerce Bank 2 7.38% $3,758
    Peoples Bank 2 7.13% $6,229
    PENNYMAC LOAN SERVICES, LLC 2 6.50% $9,954
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.38% $4,511
    CALIBER HOME LOANS, INC. 2 7.00% $2,616
    Pacor Mortgage Corp 2 6.88% $4,946
    NUMARK CREDIT UNION 2 6.75% $2,931
    NEWREZ LLC 2 6.63% $4,858
    Mr. Cooper ( Nationstar Mortgage ) 2 7.25% $9,818
    Busey Bank 2 6.69% $3,869
    CHURCHILL MORTGAGE CORPORATION 2 7.19% $5,987
    THE ANDERSON FINANCIAL GROUP, INC. 2 6.25% $3,849
    COMPASS MORTGAGE, INC. 2 6.81% $5,441
    Mortgage Assurance Inc. 1 7.25% $4,163
    ADVANCIAL 1 8.00% $7,714
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.38% $3,804
    Bank of America 1 7.38% $5,316
    BAY EQUITY LLC 1 5.88% $2,831
    CALCON MUTUAL MORTGAGE LLC 1 7.25% $10,692
    Carrington Mortgage Services, LLC 1 5.75% $5,979
    CIBM Bank 1 7.75% $11,260
    CMG MORTGAGE, INC. 1 6.25% $7,531
    COMPEER FINANCIAL, FLCA 1 8.38% $2,677
    CoVantage Credit Union 1 6.75% $3,202
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.88% $3,726
    DIRECT MORTGAGE LOANS, LLC 1 6.75% $4,801
    Discover Bank 1 7.24% $0
    DuPage Credit Union 1 7.63% $3,963
    EMBRACE HOME LOANS, INC. 1 6.00% $4,587
    EVERETT FINANCIAL, INC. 1 6.38% $5,801
    First Federal Savings Bank 1 6.50% $3,526
    First Merchants Bank 1 7.25% $5,395
    First National Bank 1 6.88% $3,165
    First Savings Bank of Hegewisch 1 5.75% $3,222
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.88% $4,324
    FLAT BRANCH MORTGAGE, INC. 1 6.99% $3,064
    GREENSTATE CREDIT UNION 1 5.88% $2,510
    GUILD MORTGAGE COMPANY 1 7.75% $4,023
    Heartland Bank and Trust Company 1 6.23% $2,719
    HOMESIDE FINANCIAL, LLC 1 7.88% $11,129
    Home State Bank 1 8.63% $3,561
    Key Mortgage Services, Inc. 1 6.50% $5,269
    Meridian Bank Corporation 1 7.50% $3,614
    MLD MORTGAGE INC. 1 7.63% $5,415
    ACADEMY MORTGAGE CORPORATION 1 5.88% $3,860
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.38% $3,766
    NAVY FEDERAL CREDIT UNION 1 6.38% $1,958
    NexBank 1 6.75% $4,022
    Notre Dame Federal Credit Union Corporation 1 7.13% $2,580
    NVR Mortgage Finance, Inc. 1 6.13% $847
    Paramount Residential Mortgage Group, Inc. 1 7.25% $4,052
    PENTAGON FEDERAL CREDIT UNION 1 6.50% $7,083
    Providence Bank & Trust 1 7.50% $6,870
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.00% $9,194
    Regions Bank 1 6.88% $6,031
    RUOFF MORTGAGE COMPANY, INC. 1 6.50% $2,108
    SIRVA MORTGAGE, INC. 1 8.13% $0
    T2 FINANCIAL LLC 1 6.25% $3,726
    WINGS FINANCIAL 1 5.88% $2,845

    KANKAKEE Average Closing Costs & Other Stats

    KANKAKEE, IL's 102 lenders originated 1,721 loans during 2023. The total origination value was $262,795,000, with an average loan value of $152,699.

    KANKAKEE's average closing costs are $4,615.

    The top KANKAKEE lender as defined by loan originations is Midland States Bank, with 62 loans originated. Their average total fees are $4,523, which is $1,656 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 ($3,020), Wells Fargo Bank ($3,541), JPMorgan Chase Bank ($3,955), PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,156) and Midland States Bank ($4,523).

    The lowest rate KANKAKEE lenders (with over 10 loans originated) are Midland States Bank (6.57%), QUICKEN LOANS, LLC (6.68%), Iroquois Federal Savings and Loan Association (6.80%), Flanagan State Bank (6.80%) and JPMorgan Chase Bank (6.92%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Municipal Trust and Savings Bank $32,450,000 $21,420,000 -34.0% 8.2%
    Midland States Bank $28,670,000 $18,925,000 -34.0% 7.2%
    Peoples Bank of Kankakee County $19,760,000 $17,865,000 -9.6% 6.8%
    QUICKEN LOANS, LLC $25,875,000 $13,825,000 -46.6% 5.3%
    GUARANTEED RATE, INC. $10,290,000 $8,840,000 -14.1% 3.4%
    First Trust Bank of Illinois $12,570,000 $8,185,000 -34.9% 3.1%
    Ixonia Bank $7,970,000 n/a 3.0%
    National Bank of St. Anne $12,335,000 $7,710,000 -37.5% 2.9%
    CROSSCOUNTRY MORTGAGE, LLC $6,725,000 $6,295,000 -6.4% 2.4%
    UNITED WHOLESALE MORTGAGE, LLC $6,690,000 $6,035,000 -9.8% 2.3%
    Mortgage Research Center, LLC $8,120,000 $5,685,000 -30.0% 2.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $4,660,000 $5,090,000 9.2% 1.9%
    Flanagan State Bank $5,860,000 $4,910,000 -16.2% 1.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,495,000 $4,400,000 -2.1% 1.7%
    Iroquois Federal Savings and Loan Association $4,915,000 $4,360,000 -11.3% 1.7%
    The Federal Savings Bank $3,460,000 $4,200,000 21.4% 1.6%
    Neighborhood Loans, Inc. $4,065,000 $4,050,000 -0.4% 1.5%
    PNC Bank $7,105,000 $4,000,000 -43.7% 1.5%
    GENEVA FINANCIAL, LLC $3,160,000 $3,795,000 20.1% 1.4%
    JPMorgan Chase Bank $6,515,000 $3,615,000 -44.5% 1.4%
    LOANDEPOT.COM, LLC $5,265,000 $3,475,000 -34.0% 1.3%
    Wells Fargo Bank $9,365,000 $2,965,000 -68.3% 1.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $960,000 $2,815,000 193.2% 1.1%
    First American Bank $2,530,000 $2,700,000 6.7% 1.0%
    U.S. Bank $2,420,000 $2,455,000 1.4% 0.9%
    Barrington Bank & Trust Company, N.A. $2,590,000 $2,320,000 -10.4% 0.9%
    First Federal Savings Bank $485,000 $2,280,000 370.1% 0.9%
    CARDINAL FINANCIAL $3,010,000 $2,270,000 -24.6% 0.9%
    GUARANTEED RATE AFFINITY, LLC $2,665,000 $2,185,000 -18.0% 0.8%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $935,000 $2,160,000 131.0% 0.8%
    ORIX REAL ESTATE CAPITAL, LLC $2,085,000 n/a 0.8%
    NAVY FEDERAL CREDIT UNION $2,060,000 $2,020,000 -1.9% 0.8%
    FIRST CENTENNIAL MORTGAGE CORPORATION $2,180,000 $2,010,000 -7.8% 0.8%
    FREEDOM MORTGAGE CORPORATION $3,890,000 $1,875,000 -51.8% 0.7%
    NATIONS RELIABLE LENDING, LLC $1,610,000 $1,775,000 10.2% 0.7%
    CALIBER HOME LOANS, INC. $3,395,000 $1,680,000 -50.5% 0.6%
    21ST MORTGAGE CORPORATION $1,525,000 $1,640,000 7.5% 0.6%
    Lakeside Bank $1,585,000 n/a 0.6%
    AmeriHome Mortgage Company, LLC $2,745,000 $1,550,000 -43.5% 0.6%
    RF Renovo Management Company, LLC $2,120,000 $1,485,000 -30.0% 0.6%
    Fifth Third Bank $2,745,000 $1,450,000 -47.2% 0.6%
    Plains Commerce Bank $1,075,000 $1,440,000 34.0% 0.5%
    NEWREZ LLC $960,000 $1,360,000 41.7% 0.5%
    NVR Mortgage Finance, Inc. $5,015,000 $1,320,000 -73.7% 0.5%
    PENNYMAC LOAN SERVICES, LLC $2,515,000 $1,320,000 -47.5% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $2,370,000 $1,315,000 -44.5% 0.5%
    First Financial Bank $2,560,000 $1,305,000 -49.0% 0.5%
    BMO Harris Bank $390,000 $1,255,000 221.8% 0.5%
    Federated Bank $1,225,000 n/a 0.5%
    The Huntington National Bank $1,525,000 $1,205,000 -21.0% 0.5%
    DRAPER AND KRAMER MORTGAGE CORP. $1,295,000 $1,145,000 -11.6% 0.4%
    Old National Bank $1,455,000 $1,100,000 -24.4% 0.4%
    ROYAL UNITED MORTGAGE LLC $220,000 $1,085,000 393.2% 0.4%
    ZILLOW HOME LOANS, LLC $1,015,000 n/a 0.4%
    Flagstar Bank, FSB $1,430,000 $990,000 -30.8% 0.4%
    Grundy Bank $805,000 $950,000 18.0% 0.4%
    UNITED HOME LOANS, INC. $115,000 $900,000 682.6% 0.3%
    Discover Bank $580,000 $765,000 31.9% 0.3%
    CALCON MUTUAL MORTGAGE LLC $750,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $510,000 $720,000 41.2% 0.3%
    BETTER MORTGAGE CORPORATION $700,000 $700,000 0.0% 0.3%
    USAA Federal Savings Bank $355,000 $690,000 94.4% 0.3%
    CIBC Bank USA $665,000 n/a 0.3%
    NORTHWEST BANK OF ROCKFORD $1,015,000 $665,000 -34.5% 0.3%
    EVERETT FINANCIAL, INC. $315,000 $625,000 98.4% 0.2%
    Carrington Mortgage Services, LLC $995,000 $615,000 -38.2% 0.2%
    Providence Bank & Trust $225,000 $590,000 162.2% 0.2%
    CHURCHILL MORTGAGE CORPORATION $85,000 $580,000 582.4% 0.2%
    AMERISAVE MORTGAGE CORPORATION $2,570,000 $575,000 -77.6% 0.2%
    Midwest Bank $355,000 $575,000 62.0% 0.2%
    BAY EQUITY LLC $225,000 $565,000 151.1% 0.2%
    THE ANDERSON FINANCIAL GROUP, INC. $1,290,000 $555,000 -57.0% 0.2%
    First Merchants Bank $550,000 n/a 0.2%
    NUMARK CREDIT UNION $285,000 $550,000 93.0% 0.2%
    Pacor Mortgage Corp $950,000 $545,000 -42.6% 0.2%
    Allied First Bank,sb $145,000 $520,000 258.6% 0.2%
    Community Mortgage Banc Corporation $360,000 $490,000 36.1% 0.2%
    HOMESIDE FINANCIAL, LLC $815,000 $470,000 -42.3% 0.2%
    OCMBC, INC. $255,000 $470,000 84.3% 0.2%
    GREENSTATE CREDIT UNION $175,000 $450,000 157.1% 0.2%
    DATA MORTGAGE, INC. $445,000 n/a 0.2%
    United Community Bank $445,000 n/a 0.2%
    ACADEMY MORTGAGE CORPORATION $570,000 $430,000 -24.6% 0.2%
    Mutual Federal Bank $1,365,000 $430,000 -68.5% 0.2%
    PLAZA HOME MORTGAGE, INC. $1,240,000 $430,000 -65.3% 0.2%
    Busey Bank $195,000 $425,000 117.9% 0.2%
    DAS Acquisition Company, LLC $215,000 $415,000 93.0% 0.2%
    Peoples Bank $390,000 n/a 0.1%
    COMPASS MORTGAGE, INC. $1,075,000 $380,000 -64.7% 0.1%
    BROKER SOLUTIONS, INC. $720,000 $365,000 -49.3% 0.1%
    Key Mortgage Services, Inc. $960,000 $355,000 -63.0% 0.1%
    PLANET HOME LENDING, LLC $345,000 n/a 0.1%
    Bank of America $345,000 $340,000 -1.4% 0.1%
    GUILD MORTGAGE COMPANY $340,000 n/a 0.1%
    CIBM Bank $235,000 $335,000 42.6% 0.1%
    NEW DAY FINANCIAL, LLC $900,000 $335,000 -62.8% 0.1%
    Meridian Bank Corporation $325,000 n/a 0.1%
    COMPEER FINANCIAL, FLCA $615,000 $320,000 -48.0% 0.1%
    MLD MORTGAGE INC. $315,000 n/a 0.1%
    FIRST STATE MORTGAGE SERVICES, LLC $340,000 $305,000 -10.3% 0.1%
    Old Plank Trail Community Bank $105,000 $305,000 190.5% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $440,000 $305,000 -30.7% 0.1%
    DuPage Credit Union $295,000 n/a 0.1%
    Mortgage Assurance Inc. $225,000 $295,000 31.1% 0.1%
    PENTAGON FEDERAL CREDIT UNION $280,000 $290,000 3.6% 0.1%
    AXIA FINANCIAL, LLC $285,000 n/a 0.1%
    First Savings Bank of Hegewisch $340,000 $285,000 -16.2% 0.1%
    Servion, Inc. $285,000 n/a 0.1%
    Hometown Equity Mortgage, LLC $275,000 n/a 0.1%
    Coastal Community Bank $265,000 n/a 0.1%
    Merchants and Manufacturers Bank $265,000 n/a 0.1%
    First National Bank of Omaha $255,000 n/a 0.1%
    First State Bank of Forrest $35,000 $255,000 628.6% 0.1%
    Illiana Financial Credit Union $190,000 $255,000 34.2% 0.1%
    CIVIC FINANCIAL SERVICES, LLC $740,000 $250,000 -66.2% 0.1%
    First State Bank $930,000 $245,000 -73.7% 0.1%
    MOVEMENT MORTGAGE, LLC $870,000 $245,000 -71.8% 0.1%
    NATIONS DIRECT MORTGAGE, LLC $390,000 $245,000 -37.2% 0.1%
    North Shore Trust and Savings $245,000 n/a 0.1%
    CoVantage Credit Union $240,000 n/a 0.1%
    CMG MORTGAGE, INC. $1,300,000 $235,000 -81.9% 0.1%
    NexBank $235,000 n/a 0.1%
    TOWNE MORTGAGE COMPANY $235,000 n/a 0.1%
    First National Bank $230,000 n/a 0.1%
    Logan Finance Corporation $225,000 n/a 0.1%
    Union Savings Bank $225,000 n/a 0.1%
    Heartland Bank and Trust Company $215,000 n/a 0.1%
    Home State Bank $205,000 $215,000 4.9% 0.1%
    Regions Bank $25,000 $215,000 760.0% 0.1%
    ON Q FINANCIAL, INC. $205,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $785,000 $200,000 -74.5% 0.1%
    Paramount Residential Mortgage Group, Inc. $560,000 $200,000 -64.3% 0.1%
    FLAT BRANCH MORTGAGE, INC. $700,000 $195,000 -72.1% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $105,000 $195,000 85.7% 0.1%
    First Bank of Manhattan $280,000 $190,000 -32.1% 0.1%
    Equity Prime Mortgage LLC $220,000 $185,000 -15.9% 0.1%
    Lakeview Community Capital, LLC $185,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $185,000 n/a 0.1%
    STOCKTON MORTGAGE CORPORATION $235,000 $185,000 -21.3% 0.1%
    EMBRACE HOME LOANS, INC. $185,000 $175,000 -5.4% 0.1%
    Hometown National Bank $175,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $275,000 $175,000 -36.4% 0.1%
    Prosperity Home Mortgage, LLC $170,000 n/a 0.1%
    ADVANCIAL $165,000 n/a 0.1%
    Centier Bank $145,000 $165,000 13.8% 0.1%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $265,000 $165,000 -37.7% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $260,000 $165,000 -36.5% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $165,000 n/a 0.1%
    The Fisher National Bank $165,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $165,000 n/a 0.1%
    SIRVA MORTGAGE, INC. $560,000 $155,000 -72.3% 0.1%
    Peoples National Bank of Kewanee $150,000 n/a 0.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,105,000 $145,000 -86.9% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $450,000 $145,000 -67.8% 0.1%
    Century Mortgage Company DBA Century Lending Company $145,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $145,000 n/a 0.1%
    CITIZENS EQUITY FIRST $120,000 $140,000 16.7% 0.1%
    MID AMERICA MORTGAGE, INC. $105,000 $135,000 28.6% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $380,000 $135,000 -64.5% 0.1%
    Bank of England $115,000 n/a 0.0%
    POLISH & SLAVIC FEDERAL CREDIT UNION $105,000 n/a 0.0%
    T2 FINANCIAL LLC $185,000 $105,000 -43.2% 0.0%
    Deere Employees Credit Union $95,000 n/a 0.0%
    DIRECT MORTGAGE LOANS, LLC $350,000 $85,000 -75.7% 0.0%
    ENDEAVOR CAPITAL, LLC. $380,000 $85,000 -77.6% 0.0%
    FIRST NORTHERN Credit Union $55,000 $85,000 54.5% 0.0%
    GMFS LLC $335,000 $85,000 -74.6% 0.0%
    Notre Dame Federal Credit Union Corporation $105,000 $85,000 -19.0% 0.0%
    PHH Mortgage Corporation $115,000 $85,000 -26.1% 0.0%
    WINGS FINANCIAL $85,000 n/a 0.0%
    AMWEST FUNDING CORP. $75,000 n/a 0.0%
    CONSUMERS COOPERATIVE CREDIT UNION $70,000 n/a 0.0%
    Citizens Bank $550,000 $65,000 -88.2% 0.0%
    Baxter Credit Union $55,000 n/a 0.0%
    V.I.P. MORTGAGE, INC. $55,000 n/a 0.0%
    GREAT LAKES $90,000 $45,000 -50.0% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $2,025,000 $45,000 -97.8% 0.0%
    SPRING EQ, LLC $315,000 $45,000 -85.7% 0.0%
    State Bank of Graymont $395,000 $45,000 -88.6% 0.0%
    ALLIANT CREDIT UNION $245,000 $35,000 -85.7% 0.0%
    DeMotte State Bank $35,000 n/a 0.0%
    Third Federal Savings and Loan Association of Cleveland $150,000 $35,000 -76.7% 0.0%
    IAA Credit Union $25,000 n/a 0.0%
    Bank of Gibson City $15,000 n/a 0.0%
    Figure Lending LLC $65,000 $15,000 -76.9% 0.0%

    KANKAKEE's top lender by overall market share is Municipal Trust and Savings Bank, with 8.2% market share. In second place, with 7.2%, is Midland States Bank, having originated $18,925,000 in loans. In third place, with 6.8%, is Peoples Bank of Kankakee County, having originated $17,865,000 in loans. In fourth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $13,825,000 in loans. In fifth place, with 3.4%, is GUARANTEED RATE, INC., having originated $8,840,000 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 $129,922 (6.8%) $169,964 (1.8%) 0.00 365
    2018-02-01 $135,700 (13.2%) $172,415 (3.4%) 0.00 356
    2018-03-01 $137,900 (10.9%) $171,629 (3.3%) 0.00 352
    2018-04-01 $139,950 (12.0%) $172,702 (5.0%) 0.00 337
    2018-05-01 $140,450 (12.5%) $175,677 (8.9%) 0.00 354
    2018-06-01 $149,000 (7.5%) $178,458 (6.5%) 0.00 381
    2018-07-01 $145,850 (7.2%) $181,656 (4.0%) 0.00 388
    2018-08-01 $142,450 (3.6%) $177,810 (3.4%) 0.00 409
    2018-09-01 $139,450 (2.5%) $173,631 (1.9%) 0.00 406
    2018-10-01 $136,475 (0.0%) $169,620 (0.5%) 0.00 437
    2018-11-01 $134,400 (0.9%) $168,004 (-1.5%) 0.00 438
    2018-12-01 $125,000 (-6.7%) $162,512 (-5.1%) 0.00 418
    2019-01-01 $125,600 (-3.3%) $162,750 (-4.2%) 0.00 382
    2019-02-01 $124,000 (-8.6%) $160,134 (-7.1%) 0.00 351
    2019-03-01 $131,957 (-4.3%) $169,124 (-1.5%) 0.00 343
    2019-04-01 $142,825 (2.1%) $180,788 (4.7%) 0.00 325
    2019-05-01 $154,900 (10.3%) $191,159 (8.8%) 0.00 316
    2019-06-01 $164,450 (10.4%) $197,695 (10.8%) 0.00 337
    2019-07-01 $160,900 (10.3%) $191,849 (5.6%) 0.00 373
    2019-08-01 $164,900 (15.8%) $192,787 (8.4%) 0.00 383
    2019-09-01 $164,900 (18.3%) $194,360 (11.9%) 0.00 385
    2019-10-01 $164,900 (20.8%) $192,407 (13.4%) 0.00 384
    2019-11-01 $159,900 (19.0%) $189,487 (12.8%) 0.00 371
    2019-12-01 $158,950 (27.2%) $185,209 (14.0%) 0.00 347
    2020-01-01 $159,300 (26.8%) $184,478 (13.4%) 0.00 314
    2020-02-01 $159,900 (29.0%) $187,498 (17.1%) 0.00 299
    2020-03-01 $164,950 (25.0%) $193,806 (14.6%) 0.00 298
    2020-04-01 $170,075 (19.1%) $196,345 (8.6%) 0.00 296
    2020-05-01 $179,900 (16.1%) $206,439 (8.0%) 0.00 278
    2020-06-01 $179,900 (9.4%) $209,449 (6.0%) 0.00 238
    2020-07-01 $177,675 (10.4%) $206,307 (7.5%) 0.00 228
    2020-08-01 $170,500 (3.4%) $202,057 (4.8%) 0.00 211
    2020-09-01 $177,650 (7.7%) $208,311 (7.2%) 0.00 206
    2020-10-01 $159,450 (-3.3%) $199,184 (3.5%) 0.00 212
    2020-11-01 $153,075 (-4.3%) $199,577 (5.3%) 0.00 189
    2020-12-01 $152,400 (-4.1%) $201,360 (8.7%) 0.00 172
    2021-01-01 $150,000 (-5.8%) $199,005 (7.9%) 0.00 160
    2021-02-01 $162,450 (1.6%) $205,619 (9.7%) 0.00 131
    2021-03-01 $184,000 (11.6%) $217,514 (12.2%) 0.00 116
    2021-04-01 $191,900 (12.8%) $230,506 (17.4%) 0.00 101
    2021-05-01 $190,000 (5.6%) $224,653 (8.8%) 0.00 110
    2021-06-01 $219,575 (22.1%) $243,938 (16.5%) 0.00 127
    2021-07-01 $186,950 (5.2%) $232,997 (12.9%) 0.00 144
    2021-08-01 $188,675 (10.7%) $228,822 (13.3%) 0.00 144
    2021-09-01 $173,450 (-2.4%) $217,736 (4.5%) 0.00 136
    2021-10-01 $180,000 (12.9%) $219,708 (10.3%) 0.00 138
    2021-11-01 $177,450 (15.9%) $214,480 (7.5%) 0.00 131
    2021-12-01 $193,475 (27.0%) $225,214 (11.9%) 0.00 112
    2022-01-01 $194,900 (29.9%) $230,490 (15.8%) 0.00 98
    2022-02-01 $134,474 (-17.2%) $189,443 (-7.9%) 0.00 131
    2022-03-01 $170,900 (-7.1%) $200,336 (-7.9%) 0.00 115
    2022-04-01 $176,500 (-8.0%) $205,930 (-10.7%) 0.00 116
    2022-05-01 $211,200 (11.2%) $225,860 (0.5%) 0.00 135
    2022-06-01 $190,000 (-13.5%) $226,636 (-7.1%) 0.00 167
    2022-07-01 $189,450 (1.3%) $223,302 (-4.2%) 0.00 210
    2022-08-01 $187,900 (-0.4%) $233,344 (2.0%) 0.00 206
    2022-09-01 $197,000 (13.6%) $235,078 (8.0%) 0.00 203
    2022-10-01 $190,000 (5.6%) $228,945 (4.2%) 0.00 191
    2022-11-01 $190,350 (7.3%) $223,369 (4.1%) 0.00 176
    2022-12-01 $174,900 (-9.6%) $213,756 (-5.1%) 0.00 173
    2023-01-01 $182,200 (-6.5%) $222,749 (-3.4%) 0.00 143
    2023-02-01 $180,925 (34.5%) $223,577 (18.0%) 0.00 137
    2023-03-01 $218,750 (28.0%) $251,093 (25.3%) 0.00 126
    2023-04-01 $208,950 (18.4%) $251,495 (22.1%) 0.00 125
    2023-05-01 $242,400 (14.8%) $265,714 (17.7%) 0.00 125
    2023-06-01 $246,175 (29.6%) $270,194 (19.2%) 0.00 126
    2023-07-01 $249,900 (31.9%) $268,844 (20.4%) 0.00 125
    2023-08-01 $258,950 (37.8%) $283,376 (21.4%) 0.00 129
    2023-09-01 $275,000 (39.6%) $285,829 (21.6%) 0.00 150
    2023-10-01 $247,450 (30.2%) $267,760 (17.0%) 0.00 165
    2023-11-01 $249,225 (30.9%) $262,781 (17.6%) 0.00 166
    2023-12-01 $238,000 (36.1%) $256,467 (20.0%) 0.00 149
    2024-01-01 $235,000 (29.0%) $253,498 (13.8%) 0.00 155
    2024-02-01 $227,450 (25.7%) $245,296 (9.7%) 0.00 154
    2024-03-01 $229,950 (5.1%) $252,239 (0.5%) 0.00 147
    2024-04-01 $234,900 (12.4%) $255,617 (1.6%) 0.00 130
    2024-05-01 $264,700 (9.2%) $282,563 (6.3%) 0.00 126
    2024-06-01 $259,900 (5.6%) $282,675 (4.6%) 0.00 153
    2024-07-01 $246,025 (-1.6%) $266,313 (-0.9%) 0.00 165
    2024-08-01 $245,950 (-5.0%) $268,435 (-5.3%) 0.00 178
    2024-09-01 $256,925 (-6.6%) $279,654 (-2.2%) 0.00 182
    2024-10-01 $251,900 (1.8%) $279,808 (4.5%) 0.00 200
    2024-11-01 $239,450 (-3.9%) $270,499 (2.9%) 0.00 210
    KANKAKEE's median listing price for 2024-11-01 was $239,450, a difference of $-9,775 (-3.9%) versus the prior year and $-12,450 versus the prior month.

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

    KANKAKEE's average listing price for 2024-11-01 was $270,499, a difference of $7,718 (2.9%) versus the prior year and $-9,309 versus the prior month.

    For the 2024-11-01 period, KANKAKEE had 210 MLS listings, a difference of 10 listings (5%) versus the prior month and 44 listings (27%) 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 1,573 sqft
    2018-04-01 0 days 1,574 sqft
    2018-05-01 0 days 1,611 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,619 sqft
    2018-08-01 0 days 1,591 sqft
    2018-09-01 0 days 1,582 sqft
    2018-10-01 0 days 1,561 sqft
    2018-11-01 0 days 1,549 sqft
    2018-12-01 0 days 1,512 sqft
    2019-01-01 0 days 1,512 sqft
    2019-02-01 0 days 1,496 sqft
    2019-03-01 0 days 1,530 sqft
    2019-04-01 0 days 1,580 sqft
    2019-05-01 0 days 1,620 sqft
    2019-06-01 0 days 1,655 sqft
    2019-07-01 0 days 1,630 sqft
    2019-08-01 0 days 1,604 sqft
    2019-09-01 0 days 1,598 sqft
    2019-10-01 0 days 1,589 sqft
    2019-11-01 0 days 1,600 sqft
    2019-12-01 0 days 1,598 sqft
    2020-01-01 0 days 1,596 sqft
    2020-02-01 0 days 1,600 sqft
    2020-03-01 0 days 1,632 sqft
    2020-04-01 0 days 1,631 sqft
    2020-05-01 0 days 1,701 sqft
    2020-06-01 0 days 1,714 sqft
    2020-07-01 0 days 1,671 sqft
    2020-08-01 0 days 1,656 sqft
    2020-09-01 0 days 1,684 sqft
    2020-10-01 0 days 1,622 sqft
    2020-11-01 0 days 1,595 sqft
    2020-12-01 0 days 1,580 sqft
    2021-01-01 0 days 1,590 sqft
    2021-02-01 0 days 1,672 sqft
    2021-03-01 0 days 1,632 sqft
    2021-04-01 0 days 1,590 sqft
    2021-05-01 0 days 1,564 sqft
    2021-06-01 0 days 1,671 sqft
    2021-07-01 0 days 1,621 sqft
    2021-08-01 0 days 1,613 sqft
    2021-09-01 0 days 1,526 sqft
    2021-10-01 0 days 1,546 sqft
    2021-11-01 0 days 1,563 sqft
    2021-12-01 0 days 1,668 sqft
    2022-01-01 0 days 1,693 sqft
    2022-02-01 0 days 1,488 sqft
    2022-03-01 0 days 1,500 sqft
    2022-04-01 0 days 1,572 sqft
    2022-05-01 0 days 1,616 sqft
    2022-06-01 0 days 1,571 sqft
    2022-07-01 0 days 1,534 sqft
    2022-08-01 0 days 1,552 sqft
    2022-09-01 0 days 1,635 sqft
    2022-10-01 0 days 1,600 sqft
    2022-11-01 0 days 1,532 sqft
    2022-12-01 0 days 1,506 sqft
    2023-01-01 0 days 1,492 sqft
    2023-02-01 0 days 1,485 sqft
    2023-03-01 0 days 1,653 sqft
    2023-04-01 0 days 1,611 sqft
    2023-05-01 0 days 1,743 sqft
    2023-06-01 0 days 1,731 sqft
    2023-07-01 0 days 1,765 sqft
    2023-08-01 0 days 1,818 sqft
    2023-09-01 0 days 1,757 sqft
    2023-10-01 0 days 1,684 sqft
    2023-11-01 0 days 1,713 sqft
    2023-12-01 0 days 1,725 sqft
    2024-01-01 0 days 1,673 sqft
    2024-02-01 0 days 1,624 sqft
    2024-03-01 0 days 1,647 sqft
    2024-04-01 0 days 1,604 sqft
    2024-05-01 0 days 1,658 sqft
    2024-06-01 0 days 1,662 sqft
    2024-07-01 0 days 1,551 sqft
    2024-08-01 0 days 1,624 sqft
    2024-09-01 0 days 1,693 sqft
    2024-10-01 0 days 1,655 sqft
    2024-11-01 0 days 1,600 sqft
    KANKAKEE's median listing age (time on market) for 2024-11-01 was 0 days.

    KANKAKEE's median square footage for active listings during the 2024-11-01 period was 1,600 sqft. One year prior, the average listing was 1,713 sqft.

    KANKAKEE, IL Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    60401 Kankakee, IL MSA $1,000 $1,090 $1,250 $1,590 $1,880
    60424 Kankakee, IL MSA $820 $870 $1,150 $1,470 $1,550
    60468 Kankakee, IL MSA $880 $950 $1,090 $1,380 $1,640
    60481 Kankakee, IL MSA $870 $940 $1,080 $1,370 $1,630
    60901 Kankakee, IL MSA $700 $790 $1,040 $1,420 $1,500
    60910 Kankakee, IL MSA $670 $760 $1,000 $1,360 $1,440
    60913 Kankakee, IL MSA $590 $670 $890 $1,190 $1,290
    60914 Kankakee, IL MSA $810 $920 $1,210 $1,650 $1,740
    60915 Kankakee, IL MSA $740 $840 $1,100 $1,500 $1,580
    60917 Kankakee, IL MSA $590 $670 $890 $1,200 $1,290
    60919 Kankakee, IL MSA $810 $920 $1,210 $1,650 $1,740
    60922 Kankakee, IL MSA $680 $770 $1,010 $1,380 $1,460
    60935 Kankakee, IL MSA $860 $980 $1,290 $1,760 $1,860
    60940 Kankakee, IL MSA $790 $900 $1,180 $1,610 $1,700
    60941 Kankakee, IL MSA $630 $710 $940 $1,280 $1,350
    60950 Kankakee, IL MSA $700 $790 $1,040 $1,420 $1,500
    60954 Kankakee, IL MSA $660 $740 $980 $1,330 $1,410
    60958 Kankakee, IL MSA $600 $680 $900 $1,230 $1,300
    60961 Kankakee, IL MSA $820 $900 $1,180 $1,610 $1,700
    60964 Kankakee, IL MSA $590 $670 $890 $1,190 $1,290
    60969 Kankakee, IL MSA $600 $680 $900 $1,230 $1,300

    2022 Average & Median Rent Data Statistics
    KANKAKEE, IL average 1BR rent: $821, median: $790
    KANKAKEE, IL average 2BR rent: $1,058, median: $1,040
    KANKAKEE, IL average 3BR rent: $1,420, median: $1,380

    KANKAKEE, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,156 $208,940,000 $180,744
    Other 161 $8,655,000 $53,758
    Refi 152 $17,520,000 $115,263
    Cash Out Refi 147 $21,795,000 $148,265
    Home Improvement 105 $5,885,000 $56,048

    Kankakee's most frequently cited loan purpose was Home Purchase, with 1,156 originations. The 2nd most popular reason was Other, with 161 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 424 $83,450,000 $196,816
    7-8% 361 $63,335,000 $175,443
    Over 8% 211 $17,065,000 $80,877
    5-6% 154 $28,850,000 $187,338
    <2.5% 84 $4,010,000 $47,738
    3-4% 38 $2,240,000 $58,947
    4-5% 27 $2,415,000 $89,444

    During 2023, Kankakee's most frequently originated rate bucket was 6-7%, with 424 originations.

    Loan Sizing (KANKAKEE, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 633 $31,155,000 $49,218
    $100k-200k 621 $90,595,000 $145,886
    $200k-400k 426 $112,610,000 $264,343
    $400k-600k 30 $14,230,000 $474,333
    $600k-1000k 6 $4,760,000 $793,333
    $Over $1MM 5 $9,445,000 $1,889,000

    KANKAKEE's loan sizing saw the bucket of loans from $100,000 or less with 633 originations, totaling $31,155,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 656 $126,800,000 $193,293
    60-80% 241 $44,935,000 $186,452
    Under 20% 204 $5,430,000 $26,618
    20-40% 115 $8,175,000 $71,087
    40-60% 80 $10,530,000 $131,625
    Over 100% 13 $5,315,000 $408,846

    KANKAKEE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 656 originations, totaling $126,800,000 in origination value.