Lincoln 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 Lincoln averaged 6.81% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.74% and one month ago for the week of 2024-10-03, the average rate was 6.04%.

    Lincoln's average rate one year ago was 7.58%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Lincoln 30 Year Fixed Rate 2024-11-07 6.81%
    Lincoln 30 Year Fixed Rate Refi 2024-11-07 6.79%
    Lincoln 15 Year Fixed Rate 2024-11-07 5.9%
    Lincoln 15 Year Fixed Rate Refi 2024-11-07 6.1%
    Lincoln 30 Year FHA 2024-11-07 6.63%
    Lincoln 30 Year FHA Refi 2024-11-07 6.23%
    Lincoln 30 Year USDA 2024-11-07 6.28%
    Lincoln 30 Year USDA Refi 2024-11-07 6.48%
    Lincoln 30 Year VA 2024-11-07 6.54%
    Lincoln 30 Year VA Refi 2024-11-07 6.34%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lincoln, IL.

    Lincoln 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 Lincoln, 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
    DAS Acquisition Company, LLC 23 6.59% $3,226
    FIRST STATE MORTGAGE SERVICES, LLC 21 6.98% $3,298
    CITIZENS EQUITY FIRST 19 6.70% $1,503
    INB 17 6.98% $1,996
    Heartland Bank and Trust Company 16 6.60% $1,778
    United Community Bank 6 6.60% $2,125
    QUICKEN LOANS, LLC 6 6.64% $5,669
    Petefish, Skiles & Co. 4 6.66% $2,492
    U.S. Bank 4 6.94% $3,621
    FLAT BRANCH MORTGAGE, INC. 4 7.16% $2,779
    Bank of Springfield 3 6.38% $1,460
    HEARTLAND 2 6.44% $2,185
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.63% $2,823
    Ixonia Bank 2 7.19% $4,619
    JPMorgan Chase Bank 2 7.31% $3,431
    Marine Bank 2 6.06% $1,901
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.31% $4,420
    Morton Community Bank 2 6.81% $1,996
    Mr. Cooper ( Nationstar Mortgage ) 2 8.13% $5,788
    PNC Bank 2 6.69% $2,697
    First Mid Bank & Trust 2 5.75% $2,047
    UNITED WHOLESALE MORTGAGE, LLC 2 8.13% $3,145
    COMPASS MORTGAGE, INC. 2 6.13% $2,867
    West Gate Bank 1 6.13% $2,376
    American Mortgage & Equity Consultants, Inc. 1 6.00% $2,779
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $3,507
    Bankers' Bank 1 7.13% $1,444
    Bank of America 1 6.88% $2,603
    BROKER SOLUTIONS, INC. 1 6.63% $4,570
    Carrollton Bank 1 6.50% $3,790
    CIBM Bank 1 6.38% $3,307
    Farm Credit Mid-America, ACA 1 7.25% $8,585
    First Bankers Trust Company 1 6.13% $1,652
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.00% $5,783
    Flagstar Bank, FSB 1 5.63% $3,350
    GUARANTEED RATE, INC. 1 7.50% $2,863
    GUILD MORTGAGE COMPANY 1 7.38% $3,851
    ILLINOIS STATE CREDIT UNION 1 6.00% $1,177
    Mortgage Research Center, LLC 1 5.99% $4,673
    NAVY FEDERAL CREDIT UNION 1 7.25% $4,325
    Regions Bank 1 7.13% $2,472
    Wells Fargo Bank 1 6.13% $2,792
    AMERICAN FINANCING CORPORATION 1 5.38% $4,571

    Lincoln Average Closing Costs & Other Stats

    Lincoln, IL's 43 lenders originated 459 loans during 2023. The total origination value was $50,515,000, with an average loan value of $110,054.

    Lincoln's average closing costs are $3,136.

    The top Lincoln lender as defined by loan originations is DAS Acquisition Company, LLC, with 23 loans originated. Their average total fees are $3,226, which is $71 lower than the next largest lender, FIRST STATE MORTGAGE SERVICES, LLC.

    The lowest fee Lincoln lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST ($1,503), Heartland Bank and Trust Company ($1,778), INB ($1,996), DAS Acquisition Company, LLC ($3,226) and FIRST STATE MORTGAGE SERVICES, LLC ($3,298).

    The lowest rate Lincoln lenders (with over 10 loans originated) are DAS Acquisition Company, LLC (6.59%), Heartland Bank and Trust Company (6.60%), CITIZENS EQUITY FIRST (6.70%), INB (6.98%) and FIRST STATE MORTGAGE SERVICES, LLC (6.98%).

    Lincoln, 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
    CITIZENS EQUITY FIRST $7,985,000 $5,120,000 -35.9% 10.1%
    FIRST STATE MORTGAGE SERVICES, LLC $2,020,000 $4,890,000 142.1% 9.7%
    DAS Acquisition Company, LLC $5,630,000 $4,840,000 -14.0% 9.6%
    First National Bank in Tremont $3,975,000 n/a 7.9%
    INB $6,260,000 $3,825,000 -38.9% 7.6%
    Heartland Bank and Trust Company $2,455,000 $2,340,000 -4.7% 4.6%
    Mortgage Research Center, LLC $885,000 $2,310,000 161.0% 4.6%
    United Community Bank $2,990,000 $1,970,000 -34.1% 3.9%
    Hickory Point Bank and Trust $1,755,000 n/a 3.5%
    Regions Bank $2,700,000 $1,640,000 -39.3% 3.2%
    QUICKEN LOANS, LLC $3,225,000 $1,490,000 -53.8% 2.9%
    FLAT BRANCH MORTGAGE, INC. $1,375,000 $1,205,000 -12.4% 2.4%
    PNC Bank $695,000 $880,000 26.6% 1.7%
    Alliance Community Bank $520,000 $830,000 59.6% 1.6%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $695,000 $695,000 0.0% 1.4%
    U.S. Bank $180,000 $635,000 252.8% 1.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $595,000 $595,000 0.0% 1.2%
    Bank of Springfield $815,000 $595,000 -27.0% 1.2%
    Petefish, Skiles & Co. $535,000 $560,000 4.7% 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $495,000 $545,000 10.1% 1.1%
    Morton Community Bank $435,000 $500,000 14.9% 1.0%
    Farm Credit Mid-America, ACA $555,000 $485,000 -12.6% 1.0%
    COMPASS MORTGAGE, INC. $105,000 $405,000 285.7% 0.8%
    Plains Commerce Bank $285,000 $390,000 36.8% 0.8%
    FIRST CENTENNIAL MORTGAGE CORPORATION $380,000 $380,000 0.0% 0.8%
    NAVY FEDERAL CREDIT UNION $55,000 $360,000 554.5% 0.7%
    BROKER SOLUTIONS, INC. $520,000 $355,000 -31.7% 0.7%
    Ixonia Bank $345,000 n/a 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $505,000 $290,000 -42.6% 0.6%
    Flanagan State Bank $880,000 $285,000 -67.6% 0.6%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $1,125,000 $280,000 -75.1% 0.6%
    NEWREZ LLC $380,000 $275,000 -27.6% 0.5%
    JPMorgan Chase Bank $270,000 n/a 0.5%
    DRAPER AND KRAMER MORTGAGE CORP. $250,000 n/a 0.5%
    First Mid Bank & Trust $240,000 n/a 0.5%
    USAA Federal Savings Bank $95,000 $235,000 147.4% 0.5%
    Carrollton Bank $820,000 $225,000 -72.6% 0.4%
    GUILD MORTGAGE COMPANY $220,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $195,000 $215,000 10.3% 0.4%
    Buena Vista National Bank $200,000 n/a 0.4%
    First State Bank $190,000 n/a 0.4%
    GUARANTEED RATE, INC. $160,000 $190,000 18.8% 0.4%
    Marine Bank $330,000 $180,000 -45.5% 0.4%
    Fortress Bank $170,000 n/a 0.3%
    HEARTLAND $355,000 $170,000 -52.1% 0.3%
    First National Bank of Pana $135,000 n/a 0.3%
    M&T Bank $135,000 n/a 0.3%
    Iroquois Federal Savings and Loan Association $130,000 n/a 0.3%
    CIBM Bank $95,000 $125,000 31.6% 0.2%
    Havana National Bank $125,000 n/a 0.2%
    West Gate Bank $125,000 n/a 0.2%
    Flagstar Bank, FSB $370,000 $115,000 -68.9% 0.2%
    ILLINOIS STATE CREDIT UNION $115,000 n/a 0.2%
    Wells Fargo Bank $465,000 $115,000 -75.3% 0.2%
    Nations Lending Corporation $110,000 n/a 0.2%
    American Mortgage & Equity Consultants, Inc. $105,000 n/a 0.2%
    First Bankers Trust Company $105,000 n/a 0.2%
    First State Bank $105,000 n/a 0.2%
    Carrington Mortgage Services, LLC $240,000 $85,000 -64.6% 0.2%
    Bank of America $75,000 n/a 0.1%
    PENNYMAC LOAN SERVICES, LLC $850,000 $75,000 -91.2% 0.1%
    TOP FLITE FINANCIAL, INC. $145,000 $75,000 -48.3% 0.1%
    Better Banks $65,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $740,000 $65,000 -91.2% 0.1%
    West Central Bank $810,000 $65,000 -92.0% 0.1%
    First State Bank of Forrest $55,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $45,000 n/a 0.1%
    Bankers' Bank $905,000 $45,000 -95.0% 0.1%
    First Financial Bank $45,000 n/a 0.1%
    First Midwest Bank of Poplar Bluff $45,000 n/a 0.1%
    First Security Bank $45,000 n/a 0.1%
    ADVIA $35,000 n/a 0.1%
    Discover Bank $35,000 n/a 0.1%
    Prairie State Bank and Trust $165,000 $35,000 -78.8% 0.1%

    Lincoln's top lender by overall market share is CITIZENS EQUITY FIRST, with 10.1% market share. In second place, with 9.7%, is FIRST STATE MORTGAGE SERVICES, LLC, having originated $4,890,000 in loans. In third place, with 9.6%, is DAS Acquisition Company, LLC, having originated $4,840,000 in loans. In fourth place, with 7.9%, is First National Bank in Tremont, having originated $3,975,000 in loans. In fifth place, with 7.6%, is INB, having originated $3,825,000 in loans.

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

    Realtor.com - Lincoln (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 $98,175 (18.3%) $119,490 (23.3%) 0.00 156
    2018-02-01 $103,200 (22.9%) $119,063 (21.8%) 0.00 151
    2018-03-01 $104,450 (30.7%) $121,834 (25.3%) 0.00 150
    2018-04-01 $99,450 (32.6%) $122,400 (27.5%) 0.00 147
    2018-05-01 $106,725 (30.8%) $122,321 (20.5%) 0.00 148
    2018-06-01 $99,900 (12.1%) $121,894 (17.4%) 0.00 166
    2018-07-01 $98,250 (14.3%) $119,428 (17.2%) 0.00 188
    2018-08-01 $99,900 (5.4%) $121,981 (9.9%) 0.00 200
    2018-09-01 $101,200 (6.0%) $122,048 (5.4%) 0.00 204
    2018-10-01 $99,975 (8.2%) $124,338 (11.7%) 0.00 196
    2018-11-01 $104,975 (11.6%) $126,711 (11.0%) 0.00 189
    2018-12-01 $108,500 (14.3%) $128,371 (8.5%) 0.00 182
    2019-01-01 $99,950 (1.8%) $124,789 (4.4%) 0.00 180
    2019-02-01 $102,450 (-0.7%) $125,928 (5.8%) 0.00 174
    2019-03-01 $102,914 (-1.5%) $126,315 (3.7%) 0.00 179
    2019-04-01 $98,200 (-1.3%) $125,965 (2.9%) 0.00 184
    2019-05-01 $94,900 (-11.1%) $120,339 (-1.6%) 0.00 186
    2019-06-01 $94,900 (-5.0%) $119,831 (-1.7%) 0.00 193
    2019-07-01 $94,900 (-3.4%) $118,238 (-1.0%) 0.00 190
    2019-08-01 $94,900 (-5.0%) $119,343 (-2.2%) 0.00 193
    2019-09-01 $94,900 (-6.2%) $118,456 (-2.9%) 0.00 202
    2019-10-01 $94,900 (-5.1%) $117,865 (-5.2%) 0.00 207
    2019-11-01 $93,000 (-11.4%) $117,237 (-7.5%) 0.00 194
    2019-12-01 $94,900 (-12.5%) $117,920 (-8.1%) 0.00 187
    2020-01-01 $94,900 (-5.1%) $116,596 (-6.6%) 0.00 171
    2020-02-01 $94,900 (-7.4%) $119,056 (-5.5%) 0.00 170
    2020-03-01 $96,500 (-6.2%) $119,292 (-5.6%) 0.00 172
    2020-04-01 $94,900 (-3.4%) $115,193 (-8.6%) 0.00 169
    2020-05-01 $90,700 (-4.4%) $114,598 (-4.8%) 0.00 151
    2020-06-01 $94,900 (0.0%) $117,123 (-2.3%) 0.00 141
    2020-07-01 $94,800 (-0.1%) $115,669 (-2.2%) 0.00 130
    2020-08-01 $85,000 (-10.4%) $113,635 (-4.8%) 0.00 123
    2020-09-01 $80,175 (-15.5%) $109,481 (-7.6%) 0.00 129
    2020-10-01 $79,900 (-15.8%) $106,821 (-9.4%) 0.00 121
    2020-11-01 $79,900 (-14.1%) $103,783 (-11.5%) 0.00 123
    2020-12-01 $79,900 (-15.8%) $101,726 (-13.7%) 0.00 118
    2021-01-01 $79,900 (-15.8%) $101,278 (-13.1%) 0.00 86
    2021-02-01 $79,900 (-15.8%) $96,623 (-18.8%) 0.00 72
    2021-03-01 $79,900 (-17.2%) $93,959 (-21.2%) 0.00 58
    2021-04-01 $74,200 (-21.8%) $95,365 (-17.2%) 0.00 47
    2021-05-01 $79,900 (-11.9%) $109,617 (-4.4%) 0.00 42
    2021-06-01 $91,675 (-3.4%) $128,809 (10.0%) 0.00 50
    2021-07-01 $114,900 (21.2%) $129,439 (11.9%) 0.00 60
    2021-08-01 $117,400 (38.1%) $124,024 (9.1%) 0.00 52
    2021-09-01 $119,900 (49.6%) $132,785 (21.3%) 0.00 50
    2021-10-01 $114,900 (43.8%) $129,903 (21.6%) 0.00 52
    2021-11-01 $98,650 (23.5%) $110,012 (6.0%) 0.00 44
    2021-12-01 $91,150 (14.1%) $103,822 (2.1%) 0.00 42
    2022-01-01 $89,900 (12.5%) $104,354 (3.0%) 0.00 44
    2022-02-01 $88,675 (11.0%) $109,698 (13.5%) 0.00 36
    2022-03-01 $105,000 (31.4%) $110,165 (17.3%) 0.00 26
    2022-04-01 $134,900 (81.8%) $174,966 (83.5%) 0.00 26
    2022-05-01 $149,500 (87.1%) $173,486 (58.3%) 0.00 33
    2022-06-01 $128,725 (40.4%) $153,411 (19.1%) 0.00 30
    2022-07-01 $122,450 (6.6%) $141,928 (9.7%) 0.00 31
    2022-08-01 $123,725 (5.4%) $148,653 (19.9%) 0.00 32
    2022-09-01 $123,750 (3.2%) $146,656 (10.5%) 0.00 29
    2022-10-01 $100,000 (-13.0%) $142,162 (9.4%) 0.00 41
    2022-11-01 $99,950 (1.3%) $152,832 (38.9%) 0.00 48
    2022-12-01 $105,000 (15.2%) $147,208 (41.8%) 0.00 45
    2023-01-01 $106,225 (18.2%) $152,254 (45.9%) 0.00 39
    2023-02-01 $108,725 (22.6%) $145,259 (32.4%) 0.00 38
    2023-03-01 $117,000 (11.4%) $151,466 (37.5%) 0.00 30
    2023-04-01 $100,000 (-25.9%) $150,571 (-13.9%) 0.00 29
    2023-05-01 $118,925 (-20.5%) $148,165 (-14.6%) 0.00 29
    2023-06-01 $108,450 (-15.8%) $162,263 (5.8%) 0.00 25
    2023-07-01 $125,000 (2.1%) $182,474 (28.6%) 0.00 27
    2023-08-01 $144,700 (17.0%) $183,710 (23.6%) 0.00 38
    2023-09-01 $123,900 (0.1%) $162,948 (11.1%) 0.00 40
    2023-10-01 $116,200 (16.2%) $160,199 (12.7%) 0.00 38
    2023-11-01 $110,950 (11.0%) $152,464 (-0.2%) 0.00 40
    2023-12-01 $112,400 (7.1%) $152,561 (3.6%) 0.00 38
    2024-01-01 $118,500 (11.6%) $162,424 (6.7%) 0.00 31
    2024-02-01 $136,450 (25.5%) $196,699 (35.4%) 0.00 26
    2024-03-01 $140,000 (19.7%) $216,157 (42.7%) 0.00 22
    2024-04-01 $159,900 (59.9%) $228,126 (51.5%) 0.00 26
    2024-05-01 $157,450 (32.4%) $235,922 (59.2%) 0.00 27
    2024-06-01 $155,000 (42.9%) $221,357 (36.4%) 0.00 33
    2024-07-01 $149,950 (20.0%) $207,056 (13.5%) 0.00 37
    2024-08-01 $149,900 (3.6%) $202,707 (10.3%) 0.00 36
    2024-09-01 $160,700 (29.7%) $191,247 (17.4%) 0.00 44
    2024-10-01 $156,975 (35.1%) $172,195 (7.5%) 0.00 47
    Lincoln's median listing price for 2024-10-01 was $156,975, a difference of $40,775 (35.1%) versus the prior year and $-3,725 versus the prior month.

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

    Lincoln's average listing price for 2024-10-01 was $172,195, a difference of $11,996 (7.5%) versus the prior year and $-19,052 versus the prior month.

    For the 2024-10-01 period, Lincoln had 47 MLS listings, a difference of 3 listings (7%) versus the prior month and 9 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lincoln (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,734 sqft
    2018-02-01 0 days 1,761 sqft
    2018-03-01 0 days 1,802 sqft
    2018-04-01 0 days 1,765 sqft
    2018-05-01 0 days 1,753 sqft
    2018-06-01 0 days 1,729 sqft
    2018-07-01 0 days 1,691 sqft
    2018-08-01 0 days 1,716 sqft
    2018-09-01 0 days 1,782 sqft
    2018-10-01 0 days 1,772 sqft
    2018-11-01 0 days 1,759 sqft
    2018-12-01 0 days 1,780 sqft
    2019-01-01 0 days 1,732 sqft
    2019-02-01 0 days 1,745 sqft
    2019-03-01 0 days 1,712 sqft
    2019-04-01 0 days 1,669 sqft
    2019-05-01 0 days 1,675 sqft
    2019-06-01 0 days 1,694 sqft
    2019-07-01 0 days 1,697 sqft
    2019-08-01 0 days 1,688 sqft
    2019-09-01 0 days 1,670 sqft
    2019-10-01 0 days 1,652 sqft
    2019-11-01 0 days 1,640 sqft
    2019-12-01 0 days 1,648 sqft
    2020-01-01 0 days 1,650 sqft
    2020-02-01 0 days 1,660 sqft
    2020-03-01 0 days 1,696 sqft
    2020-04-01 0 days 1,674 sqft
    2020-05-01 0 days 1,648 sqft
    2020-06-01 0 days 1,703 sqft
    2020-07-01 0 days 1,656 sqft
    2020-08-01 0 days 1,632 sqft
    2020-09-01 0 days 1,584 sqft
    2020-10-01 0 days 1,536 sqft
    2020-11-01 0 days 1,568 sqft
    2020-12-01 0 days 1,491 sqft
    2021-01-01 0 days 1,519 sqft
    2021-02-01 0 days 1,535 sqft
    2021-03-01 0 days 1,409 sqft
    2021-04-01 0 days 1,264 sqft
    2021-05-01 0 days 1,292 sqft
    2021-06-01 0 days 1,480 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,606 sqft
    2021-09-01 0 days 1,679 sqft
    2021-10-01 0 days 1,679 sqft
    2021-11-01 0 days 1,614 sqft
    2021-12-01 0 days 1,558 sqft
    2022-01-01 0 days 1,413 sqft
    2022-02-01 0 days 1,409 sqft
    2022-03-01 0 days 1,309 sqft
    2022-04-01 0 days 1,510 sqft
    2022-05-01 0 days 1,753 sqft
    2022-06-01 0 days 1,617 sqft
    2022-07-01 0 days 1,524 sqft
    2022-08-01 0 days 1,529 sqft
    2022-09-01 0 days 1,659 sqft
    2022-10-01 0 days 1,652 sqft
    2022-11-01 0 days 1,596 sqft
    2022-12-01 0 days 1,652 sqft
    2023-01-01 0 days 1,687 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,556 sqft
    2023-04-01 0 days 1,514 sqft
    2023-05-01 0 days 1,721 sqft
    2023-06-01 0 days 1,554 sqft
    2023-07-01 0 days 1,536 sqft
    2023-08-01 0 days 1,562 sqft
    2023-09-01 0 days 1,368 sqft
    2023-10-01 0 days 1,325 sqft
    2023-11-01 0 days 1,295 sqft
    2023-12-01 0 days 1,384 sqft
    2024-01-01 0 days 1,413 sqft
    2024-02-01 0 days 1,650 sqft
    2024-03-01 0 days 1,584 sqft
    2024-04-01 0 days 1,674 sqft
    2024-05-01 0 days 1,477 sqft
    2024-06-01 0 days 1,572 sqft
    2024-07-01 0 days 1,573 sqft
    2024-08-01 0 days 1,653 sqft
    2024-09-01 0 days 1,647 sqft
    2024-10-01 0 days 1,578 sqft
    Lincoln's median listing age (time on market) for 2024-10-01 was 0 days.

    Lincoln's median square footage for active listings during the 2024-10-01 period was 1,578 sqft. One year prior, the average listing was 1,325 sqft.

    Lincoln, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 309 $38,175,000 $123,544
    Home Improvement 48 $3,120,000 $65,000
    Refi 45 $4,705,000 $104,556
    Cash Out Refi 30 $2,830,000 $94,333
    Other 27 $1,685,000 $62,407

    Lincoln's most frequently cited loan purpose was Home Purchase, with 309 originations. The 2nd most popular reason was Home Improvement, with 48 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 168 $19,750,000 $117,560
    7-8% 105 $12,355,000 $117,667
    Over 8% 55 $4,105,000 $74,636
    5-6% 52 $6,240,000 $120,000
    <2.5% 8 $160,000 $20,000
    4-5% 7 $265,000 $37,857

    During 2023, Lincoln's most frequently originated rate bucket was 6-7%, with 168 originations.

    Loan Sizing (Lincoln, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 253 $14,745,000 $58,281
    $100k-200k 156 $21,230,000 $136,090
    $200k-400k 43 $11,205,000 $260,581
    $400k-600k 7 $3,335,000 $476,429

    Lincoln's loan sizing saw the bucket of loans from $100,000 or less with 253 originations, totaling $14,745,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 208 $27,570,000 $132,548
    60-80% 71 $8,795,000 $123,873
    20-40% 44 $1,870,000 $42,500
    40-60% 35 $3,135,000 $89,571
    Under 20% 32 $880,000 $27,500
    Over 100% 5 $705,000 $141,000

    Lincoln's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 208 originations, totaling $27,570,000 in origination value.