Lincoln Mortgage Rates

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

30 Year Fixed Rate mortgages in Lincoln averaged 5.92% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.93% and one month ago for the week of 2022-05-26, the average rate was 5.22%.

Lincoln's average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.56%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Lincoln 30 Year Fixed Rate 2022-06-30 5.92%
Lincoln 30 Year Fixed Rate Refi 2022-06-30 5.56%
Lincoln 15 Year Fixed Rate 2022-06-30 5.35%
Lincoln 15 Year Fixed Rate Refi 2022-06-30 4.95%
Lincoln 30 Year FHA 2022-06-30 5.84%
Lincoln 30 Year FHA Refi 2022-06-30 5.96%
Lincoln 30 Year USDA 2022-06-30 5.5%
Lincoln 30 Year USDA Refi 2022-06-30 5.32%
Lincoln 30 Year VA 2022-06-30 5.59%
Lincoln 30 Year VA Refi 2022-06-30 5.22%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CITIZENS EQUITY FIRST 59 3.42% $1,509
INB 36 2.97% $1,571
United Community Bank 21 3.01% $1,482
Heartland Bank and Trust Company 13 3.25% $2,096
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 10 2.88% $2,348
QUICKEN LOANS, LLC 9 3.16% $4,843
Town & Country Banc Mortgage Services, Inc. 8 3.12% $1,731
Regions Bank 6 3.44% $2,940
FIRST STATE MORTGAGE SERVICES, LLC 6 3.25% $2,164
JPMorgan Chase Bank 5 3.55% $2,740
Bank of Springfield 4 3.03% $1,660
Bankers' Bank 4 3.78% $1,587
FLAT BRANCH MORTGAGE, INC. 4 3.28% $2,169
Petefish, Skiles & Co. 4 2.88% $3,645
Flagstar Bank, FSB 3 3.08% $2,539
Prairie State Bank and Trust 3 3.00% $1,869
Carrollton Bank 3 3.46% $1,685
Alliance Community Bank 3 3.00% $1,363
Marine Bank 2 2.44% $1,417
PNC Bank 2 3.13% $1,984
Wells Fargo Bank 2 3.44% $1,286
Hickory Point Bank and Trust 2 2.69% $1,697
GENEVA FINANCIAL, LLC 1 3.00% $3,831
GUILD MORTGAGE COMPANY 1 3.63% $3,021
HEARTLAND 1 2.38% $1,601
BETTER MORTGAGE CORPORATION 1 2.75% $4,639
IAA Credit Union 1 3.00% $1,322
Barrington Bank & Trust Company, N.A. 1 2.88% $2,523
InterContinental Capital Group, Inc 1 3.75% $3,717
Key Mortgage Services, Inc. 1 3.25% $2,477
LOANDEPOT.COM, LLC 1 2.88% $6,624
Mid-Illini Credit Union 1 3.38% $1,823
Morton Community Bank 1 3.38% $3,538
Mr. Cooper ( Nationstar Mortgage ) 1 3.99% $3,708
WNB Financial, N.A. 1 3.38% $1,710
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $2,895
Bank of Pontiac 1 3.00% $1,857
AMERISAVE MORTGAGE CORPORATION 1 2.99% $5,114
Servion, Inc. 1 3.00% $1,589
The Huntington National Bank 1 2.88% $2,370
THOMPSON KANE & COMPANY, LLC 1 2.63% $1,922
AMERICAN FINANCING CORPORATION 1 3.13% $4,186
Ally Bank 1 3.00% $4,595
U.S. Bank 1 3.75% $2,405
COMPASS MORTGAGE, INC. 1 3.00% $2,508
CNB Bank And Trust, N.A. 1 2.88% $1,840
DAS Acquisition Company, LLC 1 3.25% $2,598
Carrington Mortgage Services, LLC 1 3.25% $3,385
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $2,162
ENDEAVOR CAPITAL, LLC. 1 3.38% $3,328
First Guaranty Mortgage Corporation 1 2.99% $3,626
BROKER SOLUTIONS, INC. 1 4.00% $3,283
Fortress Bank 1 3.13% $1,450

Lincoln, IL's 53 lenders originated 767 loans during 2021. The total origination value was $85,355,000, with an average loan value of $111,284.

The top Lincoln lender as defined by loan originations is CITIZENS EQUITY FIRST, with 59 loans originated. Their average total fees are $1,509, which is $63 lower than the next largest lender, INB.

The lowest fee Lincoln lenders (with over 10 loans originated) are United Community Bank ($1,482), CITIZENS EQUITY FIRST ($1,509), INB ($1,571), Heartland Bank and Trust Company ($2,096) and DIAMOND RESIDENTIAL MORTGAGE CORPORATION ($2,348).

The lowest rate Lincoln lenders (with over 10 loans originated) are DIAMOND RESIDENTIAL MORTGAGE CORPORATION (2.88%), INB (2.97%), United Community Bank (3.01%), Heartland Bank and Trust Company (3.25%) and CITIZENS EQUITY FIRST (3.42%).

Lincoln, IL Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
CITIZENS EQUITY FIRST $12,545,000 $15,280,000 21.8% 17.9%
INB $4,715,000 $8,005,000 69.8% 9.4%
QUICKEN LOANS, LLC $3,745,000 $5,610,000 49.8% 6.6%
United Community Bank $6,755,000 $5,325,000 -21.2% 6.2%
Heartland Bank and Trust Company $145,000 $4,370,000 2,913.8% 5.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $3,415,000 $3,800,000 11.3% 4.5%
Town & Country Banc Mortgage Services, Inc. $6,945,000 $2,735,000 -60.6% 3.2%
Regions Bank $2,195,000 $2,455,000 11.8% 2.9%
Mortgage Research Center, LLC $1,985,000 $2,445,000 23.2% 2.9%
FIRST STATE MORTGAGE SERVICES, LLC $1,460,000 $2,000,000 37.0% 2.3%
PNC Bank $1,255,000 $1,985,000 58.2% 2.3%
Bank of Springfield $1,605,000 $1,825,000 13.7% 2.1%
FREEDOM MORTGAGE CORPORATION $1,345,000 $1,720,000 27.9% 2.0%
FLAT BRANCH MORTGAGE, INC. $1,390,000 $1,510,000 8.6% 1.8%
Prairie State Bank and Trust $200,000 $1,375,000 587.5% 1.6%
Alliance Community Bank $1,250,000 $1,245,000 -0.4% 1.5%
Petefish, Skiles & Co. $1,190,000 $1,125,000 -5.5% 1.3%
Carrollton Bank $1,040,000 $980,000 -5.8% 1.1%
CALIBER HOME LOANS, INC. $390,000 $955,000 144.9% 1.1%
Marine Bank $1,400,000 $905,000 -35.4% 1.1%
HEARTLAND $305,000 $890,000 191.8% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $835,000 n/a 1.0%
LEADERONE FINANCIAL CORPORATION $675,000 $835,000 23.7% 1.0%
Flanagan State Bank $870,000 $740,000 -14.9% 0.9%
Bankers' Bank $730,000 n/a 0.9%
PENNYMAC LOAN SERVICES, LLC $540,000 $705,000 30.6% 0.8%
Morton Community Bank $55,000 $695,000 1,163.6% 0.8%
JPMorgan Chase Bank $680,000 n/a 0.8%
Wells Fargo Bank $305,000 $645,000 111.5% 0.8%
Bank of Pontiac $600,000 n/a 0.7%
NAVY FEDERAL CREDIT UNION $105,000 $550,000 423.8% 0.6%
Williamsville State Bank & Trust $480,000 n/a 0.6%
Carrington Mortgage Services, LLC $675,000 $455,000 -32.6% 0.5%
Hickory Point Bank and Trust $155,000 $435,000 180.6% 0.5%
DAS Acquisition Company, LLC $85,000 $420,000 394.1% 0.5%
Flagstar Bank, FSB $215,000 $415,000 93.0% 0.5%
GUARANTEED RATE, INC. $465,000 $410,000 -11.8% 0.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $390,000 $405,000 3.8% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $105,000 $400,000 281.0% 0.5%
LAKEVIEW LOAN SERVICING, LLC $390,000 $395,000 1.3% 0.5%
The Federal Savings Bank $380,000 n/a 0.4%
Mr. Cooper ( Nationstar Mortgage ) $555,000 $310,000 -44.1% 0.4%
First Guaranty Mortgage Corporation $140,000 $305,000 117.9% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $295,000 $295,000 0.0% 0.3%
Fortress Bank $115,000 $285,000 147.8% 0.3%
U.S. Bank $325,000 $285,000 -12.3% 0.3%
AMERISAVE MORTGAGE CORPORATION $155,000 $250,000 61.3% 0.3%
The Huntington National Bank $270,000 $235,000 -13.0% 0.3%
COMPASS MORTGAGE, INC. $125,000 $230,000 84.0% 0.3%
THOMPSON KANE & COMPANY, LLC $205,000 n/a 0.2%
BROKER SOLUTIONS, INC. $360,000 $195,000 -45.8% 0.2%
HOME POINT FINANCIAL CORPORATION $520,000 $195,000 -62.5% 0.2%
BETTER MORTGAGE CORPORATION $185,000 n/a 0.2%
CLEARPATH LENDING $390,000 $185,000 -52.6% 0.2%
Mid-Illini Credit Union $200,000 $180,000 -10.0% 0.2%
Servion, Inc. $200,000 $180,000 -10.0% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $265,000 $170,000 -35.8% 0.2%
BNC National Bank $165,000 n/a 0.2%
ENDEAVOR CAPITAL, LLC. $175,000 $165,000 -5.7% 0.2%
IAA Credit Union $245,000 $160,000 -34.7% 0.2%
LOANDEPOT.COM, LLC $165,000 $155,000 -6.1% 0.2%
Ally Bank $145,000 n/a 0.2%
AMERICAN FINANCIAL NETWORK, INC. $145,000 n/a 0.2%
Waterstone Mortgage Corporation $450,000 $145,000 -67.8% 0.2%
West Central Bank $145,000 n/a 0.2%
InterContinental Capital Group, Inc $135,000 n/a 0.2%
Key Mortgage Services, Inc. $135,000 n/a 0.2%
MEMBER FIRST MORTGAGE, LLC $75,000 $135,000 80.0% 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $135,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $135,000 n/a 0.2%
Chicago Mortgage Solutions LLC $125,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $125,000 n/a 0.1%
WNB Financial, N.A. $125,000 n/a 0.1%
Farm Credit Mid-America, ACA $390,000 $115,000 -70.5% 0.1%
Barrington Bank & Trust Company, N.A. $105,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $105,000 n/a 0.1%
NEWREZ LLC $65,000 $105,000 61.5% 0.1%
Prospect Bank $105,000 n/a 0.1%
First State Bank of Forrest $100,000 n/a 0.1%
ILLINOIS STATE CREDIT UNION $125,000 $95,000 -24.0% 0.1%
PLANET HOME LENDING, LLC $365,000 $95,000 -74.0% 0.1%
AMERICAN FINANCING CORPORATION $85,000 n/a 0.1%
GENEVA FINANCIAL, LLC $85,000 n/a 0.1%
Ixonia Bank $85,000 n/a 0.1%
First FSB of Mascoutah $75,000 n/a 0.1%
GUILD MORTGAGE COMPANY $75,000 n/a 0.1%
NATIONS DIRECT MORTGAGE, LLC $75,000 n/a 0.1%
CNB Bank And Trust, N.A. $205,000 $65,000 -68.3% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $115,000 $65,000 -43.5% 0.1%
ROYAL UNITED MORTGAGE LLC $325,000 $55,000 -83.1% 0.1%
Warren-Boynton State Bank $45,000 n/a 0.1%
Town and Country Bank $440,000 $35,000 -92.0% 0.0%
Commerce Bank $25,000 n/a 0.0%
Security Bank, s.b. $400,000 $25,000 -93.8% 0.0%
DECATUR EARTHMOVER CREDIT UNION $20,000 n/a 0.0%

Lincoln's top lender by overall market share is CITIZENS EQUITY FIRST, with 17.9% market share. In second place, with 9.4%, is INB, having originated $8,005,000 in loans. In third place, with 6.6%, is QUICKEN LOANS, LLC, having originated $5,610,000 in loans. In third place, with 6.2%, is United Community Bank, having originated $5,325,000 in loans. In third place, with 5.1%, is Heartland Bank and Trust Company, having originated $4,370,000 in loans.


Lincoln, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 384 $44,640,000 $116,250
Refi 223 $26,615,000 $119,350
Cash Out Refi 109 $11,905,000 $109,220
Home Improvement 33 $1,375,000 $41,667
Other 18 $820,000 $45,556

Lincoln's most frequently cited loan purpose was Home Purchase, with 384 originations. The 2nd most popular reason was Refi, with 223 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 293 $33,585,000 $114,625
2.5-3% 258 $29,930,000 $116,008
<2.5% 138 $17,300,000 $125,362
4-5% 63 $3,345,000 $53,095
5-6% 2 $110,000 $55,000
6-7% 2 $40,000 $20,000
7-8% 1 $65,000 $65,000

During 2021, Lincoln's most frequently originated rate bucket was 3-4%, with 293 originations.

Loan Sizing (Lincoln, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 408 $26,180,000 $64,167
$100k-200k 288 $40,640,000 $141,111
$200k-400k 69 $17,565,000 $254,565
$400k-600k 2 $970,000 $485,000

Lincoln's loan sizing saw the bucket of loans from $100,000 or less with 408 originations, totaling $26,180,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 387 $47,075,000 $121,641
60-80% 201 $23,905,000 $118,930
40-60% 61 $5,075,000 $83,197
20-40% 53 $2,885,000 $54,434
Under 20% 24 $510,000 $21,250
Over 100% 13 $2,105,000 $161,923

Lincoln's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 387 originations, totaling $47,075,000 in origination value.


Market Conditions (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 $102,000 (22.9%) $125,822 (29.9%) 0.00 164
2018-02-01 $109,450 (31.9%) $126,725 (31.0%) 0.00 158
2018-03-01 $109,000 (34.7%) $126,443 (28.1%) 0.00 159
2018-04-01 $109,000 (45.5%) $126,101 (31.0%) 0.00 154
2018-05-01 $109,450 (37.0%) $124,575 (22.7%) 0.00 157
2018-06-01 $99,900 (11.2%) $122,423 (16.6%) 0.00 177
2018-07-01 $99,900 (11.3%) $121,661 (17.6%) 0.00 199
2018-08-01 $101,450 (2.3%) $124,326 (8.1%) 0.00 212
2018-09-01 $105,000 (5.1%) $123,964 (3.1%) 0.00 217
2018-10-01 $105,950 (11.6%) $125,602 (7.4%) 0.00 204
2018-11-01 $109,450 (15.3%) $128,370 (7.9%) 0.00 201
2018-12-01 $109,900 (15.8%) $130,675 (6.1%) 0.00 191
2019-01-01 $102,450 (0.4%) $125,202 (-0.5%) 0.00 186
2019-02-01 $104,900 (-4.2%) $126,890 (0.1%) 0.00 177
2019-03-01 $104,671 (-4.0%) $124,967 (-1.2%) 0.00 184
2019-04-01 $98,900 (-9.3%) $123,292 (-2.2%) 0.00 191
2019-05-01 $94,900 (-13.3%) $120,055 (-3.6%) 0.00 194
2019-06-01 $94,900 (-5.0%) $122,338 (-0.1%) 0.00 206
2019-07-01 $94,900 (-5.0%) $118,407 (-2.7%) 0.00 199
2019-08-01 $97,043 (-4.3%) $119,681 (-3.7%) 0.00 209
2019-09-01 $99,900 (-4.9%) $121,262 (-2.2%) 0.00 233
2019-10-01 $94,900 (-10.4%) $117,880 (-6.2%) 0.00 220
2019-11-01 $92,500 (-15.5%) $116,262 (-9.4%) 0.00 206
2019-12-01 $94,900 (-13.7%) $117,884 (-9.8%) 0.00 195
2020-01-01 $93,500 (-8.7%) $116,672 (-6.8%) 0.00 175
2020-02-01 $94,900 (-9.5%) $117,945 (-7.1%) 0.00 176
2020-03-01 $95,000 (-9.2%) $118,751 (-5.0%) 0.00 178
2020-04-01 $93,200 (-5.8%) $114,192 (-7.4%) 0.00 173
2020-05-01 $91,500 (-3.6%) $115,807 (-3.5%) 0.00 166
2020-06-01 $92,200 (-2.9%) $115,274 (-5.8%) 0.00 148
2020-07-01 $92,200 (-2.9%) $111,951 (-5.5%) 0.00 136
2020-08-01 $85,000 (-12.4%) $109,869 (-8.2%) 0.00 130
2020-09-01 $79,900 (-20.0%) $106,053 (-12.5%) 0.00 135
2020-10-01 $79,900 (-15.8%) $102,631 (-12.9%) 0.00 125
2020-11-01 $79,900 (-13.6%) $100,150 (-13.9%) 0.00 127
2020-12-01 $79,900 (-15.8%) $98,423 (-16.5%) 0.00 123
2021-01-01 $79,900 (-14.6%) $97,259 (-16.6%) 0.00 91
2021-02-01 $79,900 (-15.8%) $94,653 (-19.8%) 0.00 76
2021-03-01 $79,900 (-15.9%) $96,307 (-18.9%) 0.00 59
2021-04-01 $76,400 (-18.0%) $95,946 (-16.0%) 0.00 48
2021-05-01 $79,900 (-12.7%) $106,395 (-8.1%) 0.00 46
2021-06-01 $87,400 (-5.2%) $128,847 (11.8%) 0.00 51
2021-07-01 $119,900 (30.0%) $132,095 (18.0%) 0.00 59
2021-08-01 $124,900 (46.9%) $126,459 (15.1%) 0.00 51
2021-09-01 $124,900 (56.3%) $135,581 (27.8%) 0.00 49
2021-10-01 $114,900 (43.8%) $126,900 (23.7%) 0.00 52
2021-11-01 $97,400 (21.9%) $111,307 (11.1%) 0.00 42
2021-12-01 $89,900 (12.5%) $103,499 (5.2%) 0.00 41
2022-01-01 $89,900 (12.5%) $105,773 (8.8%) 0.00 45
2022-02-01 $85,000 (6.4%) $107,023 (13.1%) 0.00 38
2022-03-01 $102,500 (28.3%) $107,889 (12.0%) 0.00 28
2022-04-01 $125,000 (63.6%) $165,231 (72.2%) 0.00 28
2022-05-01 $142,450 (78.3%) $164,549 (54.7%) 0.00 35
2022-06-01 $124,900 (42.9%) $145,172 (12.7%) 0.00 32
Lincoln's median listing price for 2022-06-01 was $124,900, a difference of $37,500 (42.9%) versus the prior year and $-17,550 versus the prior month.

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

Lincoln's average listing price for 2022-06-01 was $145,172, a difference of $16,325 (12.7%) versus the prior year and $-19,377 versus the prior month.

For the 2022-06-01 period, Lincoln had 32 MLS listings, a difference of -3 listings (-9%) versus the prior month and -19 listings (-37%) 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 1,745 sqft
2018-02-01 0 days 1,774 sqft
2018-03-01 0 days 1,815 sqft
2018-04-01 0 days 1,813 sqft
2018-05-01 0 days 1,755 sqft
2018-06-01 0 days 1,755 sqft
2018-07-01 0 days 1,756 sqft
2018-08-01 0 days 1,760 sqft
2018-09-01 0 days 1,812 sqft
2018-10-01 0 days 1,782 sqft
2018-11-01 0 days 1,784 sqft
2018-12-01 0 days 1,790 sqft
2019-01-01 0 days 1,697 sqft
2019-02-01 0 days 1,745 sqft
2019-03-01 0 days 1,706 sqft
2019-04-01 0 days 1,656 sqft
2019-05-01 0 days 1,656 sqft
2019-06-01 0 days 1,694 sqft
2019-07-01 0 days 1,669 sqft
2019-08-01 0 days 1,681 sqft
2019-09-01 0 days 1,681 sqft
2019-10-01 0 days 1,656 sqft
2019-11-01 0 days 1,640 sqft
2019-12-01 0 days 1,648 sqft
2020-01-01 0 days 1,652 sqft
2020-02-01 0 days 1,664 sqft
2020-03-01 0 days 1,691 sqft
2020-04-01 0 days 1,656 sqft
2020-05-01 0 days 1,648 sqft
2020-06-01 0 days 1,663 sqft
2020-07-01 0 days 1,636 sqft
2020-08-01 0 days 1,632 sqft
2020-09-01 0 days 1,600 sqft
2020-10-01 0 days 1,504 sqft
2020-11-01 0 days 1,568 sqft
2020-12-01 0 days 1,458 sqft
2021-01-01 0 days 1,504 sqft
2021-02-01 0 days 1,532 sqft
2021-03-01 0 days 1,402 sqft
2021-04-01 0 days 1,267 sqft
2021-05-01 0 days 1,260 sqft
2021-06-01 0 days 1,444 sqft
2021-07-01 0 days 1,564 sqft
2021-08-01 0 days 1,580 sqft
2021-09-01 0 days 1,695 sqft
2021-10-01 0 days 1,676 sqft
2021-11-01 0 days 1,568 sqft
2021-12-01 0 days 1,550 sqft
2022-01-01 0 days 1,458 sqft
2022-02-01 0 days 1,391 sqft
2022-03-01 0 days 1,310 sqft
2022-04-01 0 days 1,368 sqft
2022-05-01 0 days 1,704 sqft
2022-06-01 0 days 1,472 sqft
Lincoln's median listing age (time on market) for 2022-06-01 was 0 days.

Lincoln's median square footage for active listings during the 2022-06-01 period was 1,472 sqft. One year prior, the average listing was 1,444 sqft.