KANKAKEE Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Kankakee averaged 6.61% for the week of 2024-02-15, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-02-08) was 6.58% and one month ago for the week of 2024-01-11, the average rate was 6.9%.

Kankakee's average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-02-15, the average rate was 6.67%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-15 6.77%
Kankakee 30 Year Fixed Rate 2024-02-15 6.61%
Kankakee 30 Year Fixed Rate Refi 2024-02-15 6.67%
Kankakee 15 Year Fixed Rate 2024-02-15 6.12%
Kankakee 15 Year Fixed Rate Refi 2024-02-15 6.32%
Kankakee 30 Year FHA 2024-02-15 6.13%
Kankakee 30 Year FHA Refi 2024-02-15 6.81%
Kankakee 30 Year USDA 2024-02-15 6.79%
Kankakee 30 Year USDA Refi 2024-02-15 6.49%
Kankakee 30 Year VA 2024-02-15 6.56%
Kankakee 30 Year VA Refi 2024-02-15 6.26%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Midland States Bank 91 5.12% $3,389
Hometown Lenders, Inc. 68 5.66% $5,646
QUICKEN LOANS, LLC 45 4.90% $5,623
Wells Fargo Bank 36 5.08% $3,696
JPMorgan Chase Bank 24 5.22% $3,854
GUARANTEED RATE, INC. 23 4.90% $4,216
CROSSCOUNTRY MORTGAGE, LLC 17 5.81% $5,070
Flanagan State Bank 16 4.96% $4,194
UNITED WHOLESALE MORTGAGE, LLC 16 5.36% $4,736
PNC Bank 14 4.92% $3,502
AMERICAN PACIFIC MORTGAGE CORPORATION 13 5.45% $5,499
LOANDEPOT.COM, LLC 12 5.60% $3,795
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 4.94% $4,862
Neighborhood Loans, Inc. 11 5.60% $3,648
GENEVA FINANCIAL, LLC 10 6.24% $6,362
The Federal Savings Bank 9 5.58% $4,738
AmeriHome Mortgage Company, LLC 9 5.80% $5,286
CALIBER HOME LOANS, INC. 8 4.37% $3,544
Iroquois Federal Savings and Loan Association 7 4.66% $2,867
Fifth Third Bank 7 4.38% $3,747
NATIONS RELIABLE LENDING, LLC 7 4.38% $4,251
CMG MORTGAGE, INC. 7 4.50% $5,996
NVR Mortgage Finance, Inc. 7 5.00% $5,404
Mr. Cooper ( Nationstar Mortgage ) 6 4.85% $4,362
PENNYMAC LOAN SERVICES, LLC 6 3.94% $6,275
Barrington Bank & Trust Company, N.A. 6 6.08% $4,737
CARDINAL FINANCIAL 6 5.33% $5,314
GUARANTEED RATE AFFINITY, LLC 6 5.99% $3,484
First Financial Bank 6 5.40% $3,577
FIRST CENTENNIAL MORTGAGE CORPORATION 6 5.31% $3,398
PARLAY MORTGAGE & PROPERTY, INC. 5 3.69% $3,109
THE ANDERSON FINANCIAL GROUP, INC. 5 6.10% $3,923
U.S. Bank 5 5.70% $3,338
Mutual Federal Bank 5 5.43% $4,831
Pacor Mortgage Corp 5 5.65% $3,719
First American Bank 5 5.68% $3,383
BETTER MORTGAGE CORPORATION 4 4.06% $4,431
COMPASS MORTGAGE, INC. 4 5.75% $3,144
HOME POINT FINANCIAL CORPORATION 4 4.84% $5,720
NAVY FEDERAL CREDIT UNION 4 5.59% $2,674
NORTHWEST BANK OF ROCKFORD 4 5.84% $2,649
Old National Bank 4 5.38% $3,257
Old Second National Bank 4 5.84% $3,729
Plains Commerce Bank 4 4.97% $2,941
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 5.37% $4,073
The Huntington National Bank 4 4.89% $5,022
BROKER SOLUTIONS, INC. 3 6.13% $6,429
BLUELEAF LENDING, LLC 3 4.96% $3,287
AMERISAVE MORTGAGE CORPORATION 3 5.29% $7,729
NEWREZ LLC 3 4.54% $4,664
Stifel Bank and Trust 3 4.38% $2,089
FREEDOM MORTGAGE CORPORATION 3 5.33% $4,136
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 5.42% $4,421
UNION HOME MORTGAGE CORP. 3 4.88% $4,205
Mortgage Research Center, LLC 3 4.50% $2,786
EVANSVILLE TEACHERS 3 4.04% $2,912
DRAPER AND KRAMER MORTGAGE CORP. 3 5.29% $3,073
Paramount Residential Mortgage Group, Inc. 3 4.21% $5,057
Key Mortgage Services, Inc. 3 5.33% $3,703
First Midwest Bank 2 3.25% $2,954
VANDERBILT MORTGAGE AND FINANCE, INC. 2 5.25% $3,118
PLAZA HOME MORTGAGE, INC. 2 5.38% $1,767
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.75% $4,282
NUMARK CREDIT UNION 2 6.31% $2,571
COMPEER FINANCIAL, FLCA 2 6.00% $3,876
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.13% $4,739
INLAND BANK & TRUST 2 5.31% $4,414
FIRST STATE MORTGAGE SERVICES, LLC 2 3.69% $3,925
FLAT BRANCH MORTGAGE, INC. 2 6.19% $3,322
HOMESIDE FINANCIAL, LLC 2 4.13% $2,734
SIRVA MORTGAGE, INC. 2 5.63% $3,193
M&T Bank 2 5.50% $4,682
Marquette Bank 2 4.25% $6,872
NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.75% $682
BAY EQUITY LLC 1 6.50% $4,852
USAA Federal Savings Bank 1 6.13% $2,378
Allied First Bank,sb 1 4.75% $2,966
Bank of America 1 1.63% $1,148
Associated Bank 1 5.88% $3,849
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $9,551
PENTAGON FEDERAL CREDIT UNION 1 5.38% $2,510
ANGEL OAK HOME LOANS LLC 1 6.00% $4,230
PREMIA MORTGAGE, LLC 1 4.88% $0
Vibrant Credit Union 1 3.25% $2,152
Providence Bank & Trust 1 5.13% $4,040
RUOFF MORTGAGE COMPANY, INC. 1 5.50% $3,852
SCOTT CREDIT UNION 1 5.38% $3,514
Semper Home Loans, Inc. 1 3.25% $4,814
Stillman Bank 1 5.63% $1,727
STOCKTON MORTGAGE CORPORATION 1 7.63% $4,746
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.13% $3,397
ALLIANT CREDIT UNION 1 4.25% $3,771
Toyota Financial Savings Bank 1 3.38% $2,945
Fidelity Bank 1 3.25% $2,570
Equity Prime Mortgage LLC 1 4.50% $5,021
ENDEAVOR CAPITAL, LLC. 1 3.99% $3,549
First Federal Savings Bank 1 5.50% $2,268
EMBRACE HOME LOANS, INC. 1 4.63% $2,773
First Savings Bank 1 6.00% $4,028
First National Bank of America 1 6.99% $6,210
First Savings Bank of Hegewisch 1 3.23% $2,217
CROWN MORTGAGE COMPANY 1 5.50% $7,095
GMFS LLC 1 5.25% $3,352
Great Southern Bank 1 2.90% $5,625
GREENSTATE CREDIT UNION 1 6.75% $5,144
Grundy Bank 1 5.63% $1,798
Credit Union 1 1 4.25% $3,853
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.88% $8,888
UNITED HOME LOANS, INC. 1 5.63% $3,331
Community Mortgage Banc Corporation 1 6.63% $5,845
Citizens Bank 1 4.38% $2,953
Citibank 1 4.75% $4,778
LAKE MORTGAGE COMPANY INC 1 6.63% $2,455
LAKEVIEW LOAN SERVICING, LLC 1 5.63% $3,767
LEADERONE FINANCIAL CORPORATION 1 5.99% $7,603
CIBM Bank 1 6.00% $2,992
MEMBER FIRST MORTGAGE, LLC 1 5.13% $3,574
CHERRY CREEK MORTGAGE, LLC 1 6.38% $625
Mortgage Assurance Inc. 1 5.13% $3,793
MOVEMENT MORTGAGE, LLC 1 6.38% $6,852
Busey Bank 1 5.63% $2,739
AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $3,149
ACADEMY MORTGAGE CORPORATION 1 3.63% $3,287
NEXERA HOLDING LLC 1 7.38% $6,758
North American Savings Bank, F.S.B. 1 5.00% $8,173
UNIVERSITY LENDING GROUP, LLC 1 5.25% $6,512

KANKAKEE Average Closing Costs & Other Stats

KANKAKEE, IL's 126 lenders originated 2,340 loans during 2022. The total origination value was $433,710,000, with an average loan value of $185,346.

KANKAKEE's average closing costs are $4,383.

The top KANKAKEE lender as defined by loan originations is Midland States Bank, with 91 loans originated. Their average total fees are $3,389, which is $2,257 lower than the next largest lender, Hometown Lenders, Inc..

The lowest fee KANKAKEE lenders (with over 10 loans originated) are Midland States Bank ($3,389), PNC Bank ($3,502), Neighborhood Loans, Inc. ($3,648), Wells Fargo Bank ($3,696) and LOANDEPOT.COM, LLC ($3,795).

The lowest rate KANKAKEE lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (4.90%), QUICKEN LOANS, LLC (4.90%), PNC Bank (4.92%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.94%) and Flanagan State Bank (4.96%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Prudential Huntoon Paige Associates, LLC $63,195,000 n/a 14.6%
Municipal Trust and Savings Bank $47,745,000 $32,450,000 -32.0% 7.5%
Midland States Bank $45,910,000 $28,670,000 -37.6% 6.6%
QUICKEN LOANS, LLC $47,150,000 $25,875,000 -45.1% 6.0%
Hometown Lenders, Inc. $15,530,000 $23,980,000 54.4% 5.5%
Peoples Bank of Kankakee County $44,940,000 $19,760,000 -56.0% 4.6%
First Trust Bank of Illinois $18,670,000 $12,570,000 -32.7% 2.9%
National Bank of St. Anne $24,950,000 $12,335,000 -50.6% 2.8%
GUARANTEED RATE, INC. $19,320,000 $10,290,000 -46.7% 2.4%
Wells Fargo Bank $24,455,000 $9,365,000 -61.7% 2.2%
Mortgage Research Center, LLC $7,275,000 $8,120,000 11.6% 1.9%
PNC Bank $9,035,000 $7,105,000 -21.4% 1.6%
CROSSCOUNTRY MORTGAGE, LLC $8,680,000 $6,725,000 -22.5% 1.6%
UNITED WHOLESALE MORTGAGE, LLC $5,115,000 $6,690,000 30.8% 1.5%
JPMorgan Chase Bank $8,900,000 $6,515,000 -26.8% 1.5%
Flanagan State Bank $12,465,000 $5,860,000 -53.0% 1.4%
LOANDEPOT.COM, LLC $7,495,000 $5,265,000 -29.8% 1.2%
NVR Mortgage Finance, Inc. $5,015,000 n/a 1.2%
Iroquois Federal Savings and Loan Association $2,745,000 $4,915,000 79.1% 1.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $7,740,000 $4,660,000 -39.8% 1.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,465,000 $4,495,000 -39.8% 1.0%
Neighborhood Loans, Inc. $3,160,000 $4,065,000 28.6% 0.9%
FREEDOM MORTGAGE CORPORATION $15,460,000 $3,890,000 -74.8% 0.9%
The Federal Savings Bank $3,655,000 $3,460,000 -5.3% 0.8%
CALIBER HOME LOANS, INC. $4,790,000 $3,395,000 -29.1% 0.8%
GENEVA FINANCIAL, LLC $3,160,000 n/a 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $4,220,000 $3,010,000 -28.7% 0.7%
AmeriHome Mortgage Company, LLC $1,190,000 $2,745,000 130.7% 0.6%
Fifth Third Bank $1,825,000 $2,745,000 50.4% 0.6%
GUARANTEED RATE AFFINITY, LLC $840,000 $2,665,000 217.3% 0.6%
Barrington Bank & Trust Company, N.A. $3,410,000 $2,590,000 -24.0% 0.6%
AMERISAVE MORTGAGE CORPORATION $3,420,000 $2,570,000 -24.9% 0.6%
First Financial Bank $3,730,000 $2,560,000 -31.4% 0.6%
First American Bank $8,075,000 $2,530,000 -68.7% 0.6%
PENNYMAC LOAN SERVICES, LLC $5,920,000 $2,515,000 -57.5% 0.6%
U.S. Bank $3,795,000 $2,420,000 -36.2% 0.6%
Stifel Bank and Trust $1,415,000 $2,405,000 70.0% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $5,430,000 $2,370,000 -56.4% 0.5%
FIRST CENTENNIAL MORTGAGE CORPORATION $4,480,000 $2,180,000 -51.3% 0.5%
RF Renovo Management Company, LLC $1,815,000 $2,120,000 16.8% 0.5%
NAVY FEDERAL CREDIT UNION $2,385,000 $2,060,000 -13.6% 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $2,890,000 $2,025,000 -29.9% 0.5%
HOME POINT FINANCIAL CORPORATION $4,790,000 $1,765,000 -63.2% 0.4%
NATIONS RELIABLE LENDING, LLC $5,065,000 $1,610,000 -68.2% 0.4%
21ST MORTGAGE CORPORATION $830,000 $1,525,000 83.7% 0.4%
The Huntington National Bank $2,420,000 $1,525,000 -37.0% 0.4%
Old National Bank $1,455,000 n/a 0.3%
Flagstar Bank, FSB $2,450,000 $1,430,000 -41.6% 0.3%
Mutual Federal Bank $1,550,000 $1,365,000 -11.9% 0.3%
CMG MORTGAGE, INC. $3,130,000 $1,300,000 -58.5% 0.3%
DRAPER AND KRAMER MORTGAGE CORP. $5,720,000 $1,295,000 -77.4% 0.3%
THE ANDERSON FINANCIAL GROUP, INC. $1,425,000 $1,290,000 -9.5% 0.3%
PARLAY MORTGAGE & PROPERTY, INC. $325,000 $1,280,000 293.8% 0.3%
PLAZA HOME MORTGAGE, INC. $1,600,000 $1,240,000 -22.5% 0.3%
Great Southern Bank $1,125,000 n/a 0.3%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,640,000 $1,105,000 -32.6% 0.3%
COMPASS MORTGAGE, INC. $2,390,000 $1,075,000 -55.0% 0.2%
Plains Commerce Bank $145,000 $1,075,000 641.4% 0.2%
NORTHWEST BANK OF ROCKFORD $1,095,000 $1,015,000 -7.3% 0.2%
Carrington Mortgage Services, LLC $2,135,000 $995,000 -53.4% 0.2%
Key Mortgage Services, Inc. $2,045,000 $960,000 -53.1% 0.2%
NEWREZ LLC $3,210,000 $960,000 -70.1% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $580,000 $960,000 65.5% 0.2%
Pacor Mortgage Corp $1,985,000 $950,000 -52.1% 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $3,155,000 $935,000 -70.4% 0.2%
First State Bank $4,950,000 $930,000 -81.2% 0.2%
CHERRY CREEK MORTGAGE, LLC $390,000 $925,000 137.2% 0.2%
NEW DAY FINANCIAL, LLC $745,000 $900,000 20.8% 0.2%
First Midwest Bank $4,160,000 $890,000 -78.6% 0.2%
MOVEMENT MORTGAGE, LLC $505,000 $870,000 72.3% 0.2%
BLUELEAF LENDING, LLC $1,220,000 $830,000 -32.0% 0.2%
HOMESIDE FINANCIAL, LLC $2,520,000 $815,000 -67.7% 0.2%
Grundy Bank $2,185,000 $805,000 -63.2% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $785,000 n/a 0.2%
LIMA ONE CAPITAL, LLC $55,000 $785,000 1,327.3% 0.2%
Old Second National Bank $795,000 $785,000 -1.3% 0.2%
EVANSVILLE TEACHERS $755,000 n/a 0.2%
CIVIC FINANCIAL SERVICES, LLC $105,000 $740,000 604.8% 0.2%
BROKER SOLUTIONS, INC. $935,000 $720,000 -23.0% 0.2%
BETTER MORTGAGE CORPORATION $1,540,000 $700,000 -54.5% 0.2%
FLAT BRANCH MORTGAGE, INC. $5,340,000 $700,000 -86.9% 0.2%
INLAND BANK & TRUST $175,000 $700,000 300.0% 0.2%
Marquette Bank $615,000 $620,000 0.8% 0.1%
COMPEER FINANCIAL, FLCA $1,380,000 $615,000 -55.4% 0.1%
UNION HOME MORTGAGE CORP. $680,000 $585,000 -14.0% 0.1%
Discover Bank $435,000 $580,000 33.3% 0.1%
ACADEMY MORTGAGE CORPORATION $695,000 $570,000 -18.0% 0.1%
Paramount Residential Mortgage Group, Inc. $910,000 $560,000 -38.5% 0.1%
SIRVA MORTGAGE, INC. $510,000 $560,000 9.8% 0.1%
Citizens Bank $1,095,000 $550,000 -49.8% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,565,000 $510,000 -67.4% 0.1%
First Federal Savings Bank $60,000 $485,000 708.3% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $450,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $920,000 $440,000 -52.2% 0.1%
AmRes Corporation $660,000 $435,000 -34.1% 0.1%
Associated Bank $1,025,000 $425,000 -58.5% 0.1%
Nations Lending Corporation $435,000 $400,000 -8.0% 0.1%
State Bank of Graymont $255,000 $395,000 54.9% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $125,000 $390,000 212.0% 0.1%
BMO Harris Bank $1,035,000 $390,000 -62.3% 0.1%
NATIONS DIRECT MORTGAGE, LLC $390,000 n/a 0.1%
M&T Bank $195,000 $385,000 97.4% 0.1%
ENDEAVOR CAPITAL, LLC. $685,000 $380,000 -44.5% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $380,000 n/a 0.1%
Community Mortgage Banc Corporation $325,000 $360,000 10.8% 0.1%
MEMBER FIRST MORTGAGE, LLC $135,000 $355,000 163.0% 0.1%
Midwest Bank $355,000 n/a 0.1%
USAA Federal Savings Bank $2,915,000 $355,000 -87.8% 0.1%
DIRECT MORTGAGE LOANS, LLC $695,000 $350,000 -49.6% 0.1%
Bank of America $1,285,000 $345,000 -73.2% 0.1%
Citibank $65,000 $345,000 430.8% 0.1%
First Savings Bank of Hegewisch $165,000 $340,000 106.1% 0.1%
FIRST STATE MORTGAGE SERVICES, LLC $720,000 $340,000 -52.8% 0.1%
LEADERONE FINANCIAL CORPORATION $4,220,000 $340,000 -91.9% 0.1%
GMFS LLC $335,000 n/a 0.1%
MORTGAGE ACCESS CORP. $325,000 n/a 0.1%
EVERETT FINANCIAL, INC. $240,000 $315,000 31.3% 0.1%
SPRING EQ, LLC $315,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $255,000 $315,000 23.5% 0.1%
CONTOUR MORTGAGE CORPORATION $295,000 n/a 0.1%
EASTMAN $295,000 n/a 0.1%
Vibrant Credit Union $295,000 n/a 0.1%
NUMARK CREDIT UNION $1,680,000 $285,000 -83.0% 0.1%
First Bank of Manhattan $15,000 $280,000 1,766.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $80,000 $280,000 250.0% 0.1%
CROWN MORTGAGE COMPANY $205,000 $275,000 34.1% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $180,000 $275,000 52.8% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $265,000 n/a 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $200,000 $265,000 32.5% 0.1%
PREMIA MORTGAGE, LLC $265,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $3,165,000 $260,000 -91.8% 0.1%
OCMBC, INC. $715,000 $255,000 -64.3% 0.1%
ALLIANT CREDIT UNION $155,000 $245,000 58.1% 0.1%
Catlin Bank $225,000 $245,000 8.9% 0.1%
MORIA DEVELOPMENT, INC. $240,000 n/a 0.1%
CIBM Bank $425,000 $235,000 -44.7% 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $235,000 n/a 0.1%
North American Savings Bank, F.S.B. $235,000 n/a 0.1%
Semper Home Loans, Inc. $235,000 n/a 0.1%
STOCKTON MORTGAGE CORPORATION $235,000 n/a 0.1%
BAY EQUITY LLC $770,000 $225,000 -70.8% 0.1%
Mortgage Assurance Inc. $225,000 n/a 0.1%
Providence Bank & Trust $225,000 n/a 0.1%
SCOTT CREDIT UNION $225,000 n/a 0.1%
Toyota Financial Savings Bank $225,000 n/a 0.1%
United Fidelity Funding Corp. $905,000 $225,000 -75.1% 0.1%
Equity Prime Mortgage LLC $410,000 $220,000 -46.3% 0.1%
ROYAL UNITED MORTGAGE LLC $615,000 $220,000 -64.2% 0.1%
DAS Acquisition Company, LLC $235,000 $215,000 -8.5% 0.0%
Low VA Rates, LLC $240,000 $215,000 -10.4% 0.0%
Home State Bank $205,000 n/a 0.0%
LAKE MORTGAGE COMPANY INC $225,000 $205,000 -8.9% 0.0%
Busey Bank $195,000 n/a 0.0%
Mid-Continent Funding, Inc. $195,000 n/a 0.0%
Illiana Financial Credit Union $190,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $185,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $185,000 n/a 0.0%
RESIDENTIAL BANCORP. $185,000 n/a 0.0%
T2 FINANCIAL LLC $315,000 $185,000 -41.3% 0.0%
GREENSTATE CREDIT UNION $175,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $175,000 n/a 0.0%
UNIVERSITY LENDING GROUP, LLC $105,000 $175,000 66.7% 0.0%
Stillman BancCorp N.A. $165,000 n/a 0.0%
Waterstone Mortgage Corporation $165,000 n/a 0.0%
First Internet Bank of Indiana $155,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $55,000 $150,000 172.7% 0.0%
Allied First Bank,sb $2,455,000 $145,000 -94.1% 0.0%
Centier Bank $105,000 $145,000 38.1% 0.0%
HOMESTAR FINANCIAL CORPORATION $145,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $145,000 n/a 0.0%
SOFI LENDING CORP. $185,000 $135,000 -27.0% 0.0%
VILLAGE CAPITAL MORTGAGE $1,870,000 $135,000 -92.8% 0.0%
AMERICAN FINANCING CORPORATION $575,000 $125,000 -78.3% 0.0%
Fidelity Bank $785,000 $125,000 -84.1% 0.0%
NEXERA HOLDING LLC $125,000 n/a 0.0%
TruHome Solutions, LLC $125,000 n/a 0.0%
CITIZENS EQUITY FIRST $260,000 $120,000 -53.8% 0.0%
Bank of Pontiac $740,000 $115,000 -84.5% 0.0%
PHH Mortgage Corporation $115,000 $115,000 0.0% 0.0%
UNITED HOME LOANS, INC. $390,000 $115,000 -70.5% 0.0%
UNITED MORTGAGE CORP. $115,000 n/a 0.0%
Chicago Mortgage Solutions LLC $575,000 $105,000 -81.7% 0.0%
MID AMERICA MORTGAGE, INC. $105,000 n/a 0.0%
Notre Dame Federal Credit Union Corporation $105,000 n/a 0.0%
Old Plank Trail Community Bank $105,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $105,000 n/a 0.0%
Credit Union 1 $165,000 $95,000 -42.4% 0.0%
GREAT LAKES $90,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $380,000 $85,000 -77.6% 0.0%
First Savings Bank $245,000 $85,000 -65.3% 0.0%
HealthCare Associates Credit Union $85,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $85,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $85,000 n/a 0.0%
ANGEL OAK HOME LOANS LLC $75,000 n/a 0.0%
First National Bank of America $75,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $70,000 n/a 0.0%
Figure Lending LLC $240,000 $65,000 -72.9% 0.0%
Citywide Banks $55,000 n/a 0.0%
FIRST NORTHERN Credit Union $305,000 $55,000 -82.0% 0.0%
NOVA FINANCIAL & INVESTMENT CORPORATION $55,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $45,000 n/a 0.0%
MidFirst Bank $45,000 n/a 0.0%
Southern Bank $45,000 n/a 0.0%
First State Bank of Forrest $35,000 n/a 0.0%
Regions Bank $25,000 n/a 0.0%

KANKAKEE's top lender by overall market share is Prudential Huntoon Paige Associates, LLC, with 14.6% market share. In second place, with 7.5%, is Municipal Trust and Savings Bank, having originated $32,450,000 in loans. In third place, with 6.6%, is Midland States Bank, having originated $28,670,000 in loans. In fourth place, with 6.0%, is QUICKEN LOANS, LLC, having originated $25,875,000 in loans. In fifth place, with 5.5%, is Hometown Lenders, Inc., having originated $23,980,000 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
KANKAKEE's median listing price for 2023-12-01 was $238,000, a difference of $63,100 (36.1%) versus the prior year and $-11,225 versus the prior month.

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

KANKAKEE's average listing price for 2023-12-01 was $256,467, a difference of $42,711 (20.0%) versus the prior year and $-6,314 versus the prior month.

For the 2023-12-01 period, KANKAKEE had 149 MLS listings, a difference of -17 listings (-10%) versus the prior month and -24 listings (-14%) 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
KANKAKEE's median listing age (time on market) for 2023-12-01 was 0 days.

KANKAKEE's median square footage for active listings during the 2023-12-01 period was 1,725 sqft. One year prior, the average listing was 1,506 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 $910 $990 $1,150 $1,460 $1,730
60424 Kankakee, IL $820 $820 $1,080 $1,360 $1,460
60468 Kankakee, IL $810 $890 $1,030 $1,300 $1,550
60481 Kankakee, IL $810 $890 $1,030 $1,300 $1,550
60901 Kankakee, IL $630 $720 $950 $1,280 $1,390
60910 Kankakee, IL $600 $690 $910 $1,220 $1,330
60913 Kankakee, IL $580 $650 $860 $1,150 $1,260
60914 Kankakee, IL $710 $810 $1,070 $1,440 $1,560
60915 Kankakee, IL $640 $740 $970 $1,300 $1,420
60917 Kankakee, IL $600 $650 $860 $1,150 $1,260
60919 Kankakee, IL $680 $780 $1,020 $1,370 $1,490
60922 Kankakee, IL $620 $710 $940 $1,260 $1,370
60935 Kankakee, IL $860 $980 $1,290 $1,730 $1,890
60940 Kankakee, IL $760 $870 $1,130 $1,520 $1,660
60941 Kankakee, IL $600 $650 $860 $1,150 $1,260
60950 Kankakee, IL $630 $720 $950 $1,280 $1,390
60954 Kankakee, IL $620 $710 $930 $1,250 $1,360
60958 Kankakee, IL $580 $650 $860 $1,150 $1,260
60961 Kankakee, IL $800 $830 $1,090 $1,470 $1,590
60964 Kankakee, IL $580 $650 $860 $1,150 $1,260
60969 Kankakee, IL $580 $650 $860 $1,150 $1,260

2022 Average & Median Rent Data Statistics
KANKAKEE, IL average 1BR rent: $764, median: $720
KANKAKEE, IL average 2BR rent: $986, median: $950
KANKAKEE, IL average 3BR rent: $1,307, median: $1,280

KANKAKEE, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,488 $268,020,000 $180,121
Cash Out Refi 312 $112,770,000 $361,442
Refi 266 $37,570,000 $141,241
Other 171 $9,585,000 $56,053
Home Improvement 103 $5,765,000 $55,971

Kankakee's most frequently cited loan purpose was Home Purchase, with 1,488 originations. The 2nd most popular reason was Cash Out Refi, with 312 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 512 $91,460,000 $178,633
4-5% 345 $63,735,000 $184,739
3-4% 316 $118,610,000 $375,348
6-7% 258 $43,690,000 $169,341
<2.5% 150 $11,130,000 $74,200
2.5-3% 86 $12,260,000 $142,558
Over 8% 78 $4,270,000 $54,744
7-8% 73 $9,715,000 $133,082

During 2022, Kankakee's most frequently originated rate bucket was 5-6%, with 512 originations.

Loan Sizing (KANKAKEE, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 932 $136,110,000 $146,041
$100,000 or less 733 $41,255,000 $56,282
$200k-400k 629 $165,255,000 $262,727
$400k-600k 36 $16,920,000 $470,000
$Over $1MM 6 $71,100,000 $11,850,000
$600k-1000k 4 $3,070,000 $767,500

KANKAKEE's loan sizing saw the bucket of loans from $100k-200k with 932 originations, totaling $136,110,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 967 $188,675,000 $195,114
60-80% 392 $128,750,000 $328,444
Under 20% 175 $4,675,000 $26,714
20-40% 147 $10,805,000 $73,503
40-60% 117 $16,855,000 $144,060
Over 100% 16 $4,090,000 $255,625

KANKAKEE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 967 originations, totaling $188,675,000 in origination value.