Lincoln Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lincoln averaged
6.61%
for the week of 2024-12-05, compared to the national average of
6.69% for the same period.
The average rate for the prior week (2024-11-27) was
6.93% and
one month ago for the week of 2024-10-31, the
average rate was 6.74%.
Lincoln's average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-12-05, the average rate
was 6.69%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-05 | 6.69% |
Lincoln 30 Year Fixed Rate | 2024-12-05 | 6.61% |
Lincoln 30 Year Fixed Rate Refi | 2024-12-05 | 6.69% |
Lincoln 15 Year Fixed Rate | 2024-12-05 | 5.96% |
Lincoln 15 Year Fixed Rate Refi | 2024-12-05 | 6.56% |
Lincoln 30 Year FHA | 2024-12-05 | 6.36% |
Lincoln 30 Year FHA Refi | 2024-12-05 | 6.36% |
Lincoln 30 Year USDA | 2024-12-05 | 6.13% |
Lincoln 30 Year USDA Refi | 2024-12-05 | 6.43% |
Lincoln 30 Year VA | 2024-12-05 | 6.04% |
Lincoln 30 Year VA Refi | 2024-12-05 | 6.34% |
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.).
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. LouisDate | 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 |
2024-11-01 | $142,450 (28.4%) | $156,652 (2.8%) | 0.00 | 41 |
Lincoln's median listing price comes in at 0% of the national average.
Lincoln's average listing price for 2024-11-01 was $156,652, a difference of $4,188 (2.8%) versus the prior year and $-15,543 versus the prior month.
For the 2024-11-01 period, Lincoln had 41 MLS listings, a difference of -6 listings (-13%) versus the prior month and 1 listings (3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lincoln (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-11-01 | 0 days | 1,562 sqft |
Lincoln's median square footage for active listings during the 2024-11-01 period was 1,562 sqft. One year prior, the average listing was 1,295 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.