Mount Vernon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mount Vernon averaged
6.05%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
5.91% and
one month ago for the week of 2024-08-29, the
average rate was 6.28%.
Mount Vernon's average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.62%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Mount Vernon 30 Year Fixed Rate | 2024-10-03 | 6.05% |
Mount Vernon 30 Year Fixed Rate Refi | 2024-10-03 | 6.62% |
Mount Vernon 15 Year Fixed Rate | 2024-10-03 | 5.25% |
Mount Vernon 15 Year Fixed Rate Refi | 2024-10-03 | 5.25% |
Mount Vernon 30 Year FHA | 2024-10-03 | 5.79% |
Mount Vernon 30 Year FHA Refi | 2024-10-03 | 5.89% |
Mount Vernon 30 Year USDA | 2024-10-03 | 5.97% |
Mount Vernon 30 Year USDA Refi | 2024-10-03 | 6.07% |
Mount Vernon 30 Year VA | 2024-10-03 | 5.8% |
Mount Vernon 30 Year VA Refi | 2024-10-03 | 5.4% |
Mount Vernon 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 Mount Vernon, 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.).
Mount Vernon Average Closing Costs & Other Stats
Mount Vernon, IL's 34 lenders originated 451
loans during 2023. The total origination value was $55,385,000, with an average loan value of
$122,805.
Mount Vernon's average closing costs are $3,511.
The top Mount Vernon lender as defined by loan originations is Peoples National Bank , N.A., with
61 loans originated. Their average total fees are
$2,298, which is $329
lower than the next largest lender,
Petefish, Skiles & Co..
The lowest fee Mount Vernon lenders (with over 10 loans originated) are
Peoples National Bank , N.A. ($2,298), Petefish, Skiles & Co. ($2,628), U.S. Bank ($3,093), BROKER SOLUTIONS, INC. ($4,876) and .
The lowest rate Mount Vernon lenders (with over 10 loans originated) are
BROKER SOLUTIONS, INC. (6.70%), Peoples National Bank , N.A. (6.78%), U.S. Bank (7.08%), Petefish, Skiles & Co. (7.13%) and .
Mount Vernon, 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 |
---|---|---|---|---|
Peoples National Bank , N.A. | $10,850,000 | $10,725,000 | -1.2% | 19.4% |
Citibank | $5,505,000 | n/a | 9.9% | |
BROKER SOLUTIONS, INC. | $4,535,000 | $4,225,000 | -6.8% | 7.6% |
Petefish, Skiles & Co. | $3,295,000 | $3,070,000 | -6.8% | 5.5% |
U.S. Bank | $5,275,000 | $2,650,000 | -49.8% | 4.8% |
Mortgage Research Center, LLC | $3,135,000 | $2,150,000 | -31.4% | 3.9% |
QUICKEN LOANS, LLC | $3,390,000 | $1,945,000 | -42.6% | 3.5% |
First Mid Bank & Trust | $3,265,000 | $1,930,000 | -40.9% | 3.5% |
21ST MORTGAGE CORPORATION | $285,000 | $1,550,000 | 443.9% | 2.8% |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,700,000 | $1,405,000 | -17.4% | 2.5% |
DELMAR FINANCIAL COMPANY | $1,085,000 | $1,030,000 | -5.1% | 1.9% |
TRIAD FINANCIAL SERVICES, INC. | $775,000 | $850,000 | 9.7% | 1.5% |
Fifth Third Bank | $3,965,000 | $815,000 | -79.4% | 1.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $620,000 | $780,000 | 25.8% | 1.4% |
GUARANTEED RATE, INC. | $160,000 | $695,000 | 334.4% | 1.3% |
NAVY FEDERAL CREDIT UNION | $530,000 | $645,000 | 21.7% | 1.2% |
JPMorgan Chase Bank | $85,000 | $635,000 | 647.1% | 1.1% |
Banterra Bank | $410,000 | $630,000 | 53.7% | 1.1% |
FLAT BRANCH MORTGAGE, INC. | $195,000 | $630,000 | 223.1% | 1.1% |
FCB Banks | $745,000 | $615,000 | -17.4% | 1.1% |
SCOTT CREDIT UNION | $510,000 | $590,000 | 15.7% | 1.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $685,000 | $535,000 | -21.9% | 1.0% |
NEWREZ LLC | $430,000 | $515,000 | 19.8% | 0.9% |
ZILLOW HOME LOANS, LLC | $435,000 | n/a | 0.8% | |
GERSHMAN INVESTMENT CORP. | $1,630,000 | $400,000 | -75.5% | 0.7% |
EVERETT FINANCIAL, INC. | $395,000 | n/a | 0.7% | |
AMERISAVE MORTGAGE CORPORATION | $450,000 | $385,000 | -14.4% | 0.7% |
LOANDEPOT.COM, LLC | $585,000 | $375,000 | -35.9% | 0.7% |
PNC Bank | $600,000 | $320,000 | -46.7% | 0.6% |
Regions Bank | $335,000 | $305,000 | -9.0% | 0.6% |
ENDEAVOR CAPITAL, LLC. | $575,000 | $295,000 | -48.7% | 0.5% |
DIRECT MORTGAGE LOANS, LLC | $285,000 | n/a | 0.5% | |
Legence Bank | $1,480,000 | $285,000 | -80.7% | 0.5% |
The Farmers and Merchants National Bank of Nashville | $850,000 | $280,000 | -67.1% | 0.5% |
Midland States Bank | $85,000 | $275,000 | 223.5% | 0.5% |
AMERICAN FINANCING CORPORATION | $205,000 | $270,000 | 31.7% | 0.5% |
USAA Federal Savings Bank | $145,000 | $270,000 | 86.2% | 0.5% |
First Financial Bank | $595,000 | $260,000 | -56.3% | 0.5% |
GUILD MORTGAGE COMPANY | $440,000 | $255,000 | -42.0% | 0.5% |
Equity Prime Mortgage LLC | $245,000 | n/a | 0.4% | |
PENNYMAC LOAN SERVICES, LLC | $590,000 | $245,000 | -58.5% | 0.4% |
Leaders Credit Union | $225,000 | n/a | 0.4% | |
Carrington Mortgage Services, LLC | $220,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $270,000 | $215,000 | -20.4% | 0.4% |
Stifel Bank and Trust | $215,000 | n/a | 0.4% | |
The Bradford National Bank of Greenville | $215,000 | n/a | 0.4% | |
Neighborhood Loans, Inc. | $135,000 | $200,000 | 48.1% | 0.4% |
Assurance Financial Group, L.L.C. | $195,000 | n/a | 0.4% | |
CITIZENS EQUITY FIRST | $115,000 | $195,000 | 69.6% | 0.4% |
BOKF | $185,000 | n/a | 0.3% | |
Citizens Bank | $185,000 | n/a | 0.3% | |
Third Federal Savings and Loan Association of Cleveland | $185,000 | n/a | 0.3% | |
Community Partners Savings Bank | $1,060,000 | $180,000 | -83.0% | 0.3% |
FirstTrust Home Loans, Inc. | $175,000 | n/a | 0.3% | |
PENTAGON FEDERAL CREDIT UNION | $415,000 | $175,000 | -57.8% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $180,000 | $160,000 | -11.1% | 0.3% |
BNC National Bank | $155,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $225,000 | $155,000 | -31.1% | 0.3% |
Bankers' Bank | $395,000 | $145,000 | -63.3% | 0.3% |
Bank of America | $145,000 | n/a | 0.3% | |
FIRST SOUTHERN BANK | $420,000 | $135,000 | -67.9% | 0.2% |
GSF Mortgage Corporation | $125,000 | n/a | 0.2% | |
IAA Credit Union | $125,000 | n/a | 0.2% | |
The Federal Savings Bank | $125,000 | n/a | 0.2% | |
CARDINAL FINANCIAL | $65,000 | $115,000 | 76.9% | 0.2% |
Figure Lending LLC | $75,000 | $115,000 | 53.3% | 0.2% |
CREDIT HUMAN FEDERAL CREDIT UNION | $105,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $105,000 | n/a | 0.2% | |
ALLIANT CREDIT UNION | $95,000 | n/a | 0.2% | |
Ally Bank | $95,000 | n/a | 0.2% | |
AMERICAN FINANCIAL RESOURCES, INC. | $95,000 | n/a | 0.2% | |
Arvest Bank | $635,000 | $95,000 | -85.0% | 0.2% |
TOTAL MORTGAGE SERVICES, LLC | $95,000 | n/a | 0.2% | |
Carrollton Bank | $275,000 | $85,000 | -69.1% | 0.2% |
Bank of Gibson City | $75,000 | n/a | 0.1% | |
Mid-Continent Funding, Inc. | $75,000 | n/a | 0.1% | |
Farmers State Bank of Alto Pass | $65,000 | n/a | 0.1% | |
The Bank of Herrin | $65,000 | n/a | 0.1% | |
Discover Bank | $55,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $55,000 | n/a | 0.1% | |
Coastal Community Bank | $45,000 | n/a | 0.1% | |
Wells Fargo Bank | $85,000 | $35,000 | -58.8% | 0.1% |
EVANSVILLE TEACHERS | $45,000 | $25,000 | -44.4% | 0.0% |
The First National Bank of Raymond | $25,000 | n/a | 0.0% |
Mount Vernon's top lender by overall market share is Peoples National Bank , N.A., with 19.4% market share. In second place, with 9.9%, is Citibank, having originated $5,505,000 in loans. In third place, with 7.6%, is BROKER SOLUTIONS, INC., having originated $4,225,000 in loans. In fourth place, with 5.5%, is Petefish, Skiles & Co., having originated $3,070,000 in loans. In fifth place, with 4.8%, is U.S. Bank, having originated $2,650,000 in loans.
Mount Vernon Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Mount Vernon (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 | $119,900 (-1.1%) | $141,603 (-4.5%) | 0.00 | 156 |
2018-02-01 | $124,900 (2.0%) | $147,627 (1.5%) | 0.00 | 158 |
2018-03-01 | $124,900 (3.4%) | $146,930 (2.1%) | 0.00 | 161 |
2018-04-01 | $129,900 (8.3%) | $151,242 (2.7%) | 0.00 | 153 |
2018-05-01 | $128,350 (7.1%) | $150,454 (2.4%) | 0.00 | 158 |
2018-06-01 | $120,900 (0.8%) | $147,196 (1.3%) | 0.00 | 168 |
2018-07-01 | $120,675 (-0.3%) | $145,362 (1.1%) | 0.00 | 185 |
2018-08-01 | $119,650 (-0.2%) | $146,063 (4.3%) | 0.00 | 185 |
2018-09-01 | $117,900 (-0.7%) | $147,963 (6.4%) | 0.00 | 172 |
2018-10-01 | $119,875 (4.3%) | $149,108 (5.8%) | 0.00 | 164 |
2018-11-01 | $119,200 (2.4%) | $149,845 (8.7%) | 0.00 | 162 |
2018-12-01 | $109,700 (-7.2%) | $147,962 (6.1%) | 0.00 | 157 |
2019-01-01 | $103,425 (-13.7%) | $140,990 (-0.4%) | 0.00 | 144 |
2019-02-01 | $109,000 (-12.7%) | $142,053 (-3.8%) | 0.00 | 138 |
2019-03-01 | $114,114 (-8.6%) | $153,394 (4.4%) | 0.00 | 132 |
2019-04-01 | $114,014 (-12.2%) | $159,908 (5.7%) | 0.00 | 130 |
2019-05-01 | $118,100 (-8.0%) | $169,954 (13.0%) | 0.00 | 130 |
2019-06-01 | $132,450 (9.6%) | $174,892 (18.8%) | 0.00 | 136 |
2019-07-01 | $126,625 (4.9%) | $181,503 (24.9%) | 0.00 | 132 |
2019-08-01 | $125,670 (5.0%) | $178,012 (21.9%) | 0.00 | 138 |
2019-09-01 | $125,251 (6.2%) | $172,421 (16.5%) | 0.00 | 145 |
2019-10-01 | $124,984 (4.3%) | $168,694 (13.1%) | 0.00 | 150 |
2019-11-01 | $126,667 (6.3%) | $165,596 (10.5%) | 0.00 | 139 |
2019-12-01 | $123,875 (12.9%) | $165,510 (11.9%) | 0.00 | 134 |
2020-01-01 | $122,500 (18.4%) | $170,810 (21.2%) | 0.00 | 128 |
2020-02-01 | $125,000 (14.7%) | $165,946 (16.8%) | 0.00 | 136 |
2020-03-01 | $129,700 (13.7%) | $173,467 (13.1%) | 0.00 | 145 |
2020-04-01 | $131,975 (15.8%) | $174,002 (8.8%) | 0.00 | 148 |
2020-05-01 | $135,000 (14.3%) | $176,398 (3.8%) | 0.00 | 135 |
2020-06-01 | $138,250 (4.4%) | $189,833 (8.5%) | 0.00 | 125 |
2020-07-01 | $140,425 (10.9%) | $197,349 (8.7%) | 0.00 | 123 |
2020-08-01 | $159,950 (27.3%) | $203,130 (14.1%) | 0.00 | 111 |
2020-09-01 | $167,700 (33.9%) | $215,143 (24.8%) | 0.00 | 99 |
2020-10-01 | $185,250 (48.2%) | $223,515 (32.5%) | 0.00 | 83 |
2020-11-01 | $162,925 (28.6%) | $212,442 (28.3%) | 0.00 | 79 |
2020-12-01 | $158,250 (27.8%) | $209,499 (26.6%) | 0.00 | 78 |
2021-01-01 | $156,250 (27.6%) | $204,145 (19.5%) | 0.00 | 70 |
2021-02-01 | $163,450 (30.8%) | $199,353 (20.1%) | 0.00 | 65 |
2021-03-01 | $159,500 (23.0%) | $211,045 (21.7%) | 0.00 | 52 |
2021-04-01 | $150,875 (14.3%) | $200,985 (15.5%) | 0.00 | 45 |
2021-05-01 | $145,900 (8.1%) | $184,487 (4.6%) | 0.00 | 47 |
2021-06-01 | $143,450 (3.8%) | $199,573 (5.1%) | 0.00 | 53 |
2021-07-01 | $147,900 (5.3%) | $198,444 (0.6%) | 0.00 | 59 |
2021-08-01 | $152,475 (-4.7%) | $196,069 (-3.5%) | 0.00 | 60 |
2021-09-01 | $189,000 (12.7%) | $209,497 (-2.6%) | 0.00 | 62 |
2021-10-01 | $149,000 (-19.6%) | $201,533 (-9.8%) | 0.00 | 56 |
2021-11-01 | $150,575 (-7.6%) | $193,789 (-8.8%) | 0.00 | 56 |
2021-12-01 | $131,125 (-17.1%) | $183,015 (-12.6%) | 0.00 | 53 |
2022-01-01 | $184,900 (18.3%) | $208,227 (2.0%) | 0.00 | 42 |
2022-02-01 | $157,225 (-3.8%) | $194,718 (-2.3%) | 0.00 | 41 |
2022-03-01 | $132,450 (-17.0%) | $177,631 (-15.8%) | 0.00 | 37 |
2022-04-01 | $129,000 (-14.5%) | $183,393 (-8.8%) | 0.00 | 33 |
2022-05-01 | $134,000 (-8.2%) | $194,716 (5.5%) | 0.00 | 35 |
2022-06-01 | $141,000 (-1.7%) | $195,538 (-2.0%) | 0.00 | 43 |
2022-07-01 | $142,750 (-3.5%) | $200,809 (1.2%) | 0.00 | 47 |
2022-08-01 | $149,950 (-1.7%) | $197,393 (0.7%) | 0.00 | 51 |
2022-09-01 | $137,875 (-27.1%) | $189,196 (-9.7%) | 0.00 | 49 |
2022-10-01 | $154,000 (3.4%) | $183,716 (-8.8%) | 0.00 | 49 |
2022-11-01 | $140,250 (-6.9%) | $189,540 (-2.2%) | 0.00 | 51 |
2022-12-01 | $151,500 (15.5%) | $190,998 (4.4%) | 0.00 | 43 |
2023-01-01 | $172,500 (-6.7%) | $203,174 (-2.4%) | 0.00 | 38 |
2023-02-01 | $177,500 (12.9%) | $195,054 (0.2%) | 0.00 | 37 |
2023-03-01 | $165,325 (24.8%) | $190,674 (7.3%) | 0.00 | 41 |
2023-04-01 | $189,950 (47.3%) | $200,066 (9.1%) | 0.00 | 38 |
2023-05-01 | $211,200 (57.6%) | $218,142 (12.0%) | 0.00 | 38 |
2023-06-01 | $202,750 (43.8%) | $225,563 (15.4%) | 0.00 | 42 |
2023-07-01 | $168,000 (17.7%) | $201,962 (0.6%) | 0.00 | 42 |
2023-08-01 | $165,600 (10.4%) | $179,350 (-9.1%) | 0.00 | 38 |
2023-09-01 | $159,250 (15.5%) | $180,262 (-4.7%) | 0.00 | 40 |
2023-10-01 | $143,750 (-6.7%) | $178,095 (-3.1%) | 0.00 | 44 |
2023-11-01 | $135,750 (-3.2%) | $180,224 (-4.9%) | 0.00 | 41 |
2023-12-01 | $135,000 (-10.9%) | $200,512 (5.0%) | 0.00 | 43 |
2024-01-01 | $129,925 (-24.7%) | $215,529 (6.1%) | 0.00 | 40 |
2024-02-01 | $137,125 (-22.8%) | $236,618 (21.3%) | 0.00 | 39 |
2024-03-01 | $141,000 (-14.7%) | $206,786 (8.5%) | 0.00 | 46 |
2024-04-01 | $144,750 (-23.8%) | $209,863 (4.9%) | 0.00 | 46 |
2024-05-01 | $167,438 (-20.7%) | $213,663 (-2.1%) | 0.00 | 43 |
2024-06-01 | $139,750 (-31.1%) | $197,636 (-12.4%) | 0.00 | 46 |
2024-07-01 | $158,175 (-5.9%) | $192,446 (-4.7%) | 0.00 | 58 |
2024-08-01 | $169,900 (2.6%) | $197,101 (9.9%) | 0.00 | 58 |
2024-09-01 | $179,813 (12.9%) | $203,501 (12.9%) | 0.00 | 52 |
Mount Vernon's median listing price comes in at 0% of the national average.
Mount Vernon's average listing price for 2024-09-01 was $203,501, a difference of $23,239 (12.9%) versus the prior year and $6,400 versus the prior month.
For the 2024-09-01 period, Mount Vernon had 52 MLS listings, a difference of -6 listings (-10%) versus the prior month and 12 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,800 sqft |
2018-02-01 | 0 days | 1,810 sqft |
2018-03-01 | 0 days | 1,841 sqft |
2018-04-01 | 0 days | 1,805 sqft |
2018-05-01 | 0 days | 1,744 sqft |
2018-06-01 | 0 days | 1,733 sqft |
2018-07-01 | 0 days | 1,725 sqft |
2018-08-01 | 0 days | 1,714 sqft |
2018-09-01 | 0 days | 1,714 sqft |
2018-10-01 | 0 days | 1,715 sqft |
2018-11-01 | 0 days | 1,680 sqft |
2018-12-01 | 0 days | 1,676 sqft |
2019-01-01 | 0 days | 1,671 sqft |
2019-02-01 | 0 days | 1,658 sqft |
2019-03-01 | 0 days | 1,693 sqft |
2019-04-01 | 0 days | 1,697 sqft |
2019-05-01 | 0 days | 1,739 sqft |
2019-06-01 | 0 days | 1,856 sqft |
2019-07-01 | 0 days | 1,828 sqft |
2019-08-01 | 0 days | 1,793 sqft |
2019-09-01 | 0 days | 1,751 sqft |
2019-10-01 | 0 days | 1,728 sqft |
2019-11-01 | 0 days | 1,713 sqft |
2019-12-01 | 0 days | 1,695 sqft |
2020-01-01 | 0 days | 1,747 sqft |
2020-02-01 | 0 days | 1,764 sqft |
2020-03-01 | 0 days | 1,755 sqft |
2020-04-01 | 0 days | 1,758 sqft |
2020-05-01 | 0 days | 1,744 sqft |
2020-06-01 | 0 days | 1,841 sqft |
2020-07-01 | 0 days | 1,890 sqft |
2020-08-01 | 0 days | 1,820 sqft |
2020-09-01 | 0 days | 1,941 sqft |
2020-10-01 | 0 days | 2,056 sqft |
2020-11-01 | 0 days | 1,899 sqft |
2020-12-01 | 0 days | 1,843 sqft |
2021-01-01 | 0 days | 1,861 sqft |
2021-02-01 | 0 days | 1,860 sqft |
2021-03-01 | 0 days | 2,079 sqft |
2021-04-01 | 0 days | 1,984 sqft |
2021-05-01 | 0 days | 1,817 sqft |
2021-06-01 | 0 days | 1,793 sqft |
2021-07-01 | 0 days | 1,915 sqft |
2021-08-01 | 0 days | 1,753 sqft |
2021-09-01 | 0 days | 1,886 sqft |
2021-10-01 | 0 days | 1,732 sqft |
2021-11-01 | 0 days | 1,670 sqft |
2021-12-01 | 0 days | 1,684 sqft |
2022-01-01 | 0 days | 1,536 sqft |
2022-02-01 | 0 days | 1,518 sqft |
2022-03-01 | 0 days | 1,518 sqft |
2022-04-01 | 0 days | 1,464 sqft |
2022-05-01 | 0 days | 1,434 sqft |
2022-06-01 | 0 days | 1,463 sqft |
2022-07-01 | 0 days | 1,614 sqft |
2022-08-01 | 0 days | 1,604 sqft |
2022-09-01 | 0 days | 1,619 sqft |
2022-10-01 | 0 days | 1,604 sqft |
2022-11-01 | 0 days | 1,586 sqft |
2022-12-01 | 0 days | 1,620 sqft |
2023-01-01 | 0 days | 1,704 sqft |
2023-02-01 | 0 days | 1,709 sqft |
2023-03-01 | 0 days | 1,669 sqft |
2023-04-01 | 0 days | 1,697 sqft |
2023-05-01 | 0 days | 1,798 sqft |
2023-06-01 | 0 days | 1,922 sqft |
2023-07-01 | 0 days | 1,837 sqft |
2023-08-01 | 0 days | 1,622 sqft |
2023-09-01 | 0 days | 1,604 sqft |
2023-10-01 | 0 days | 1,569 sqft |
2023-11-01 | 0 days | 1,560 sqft |
2023-12-01 | 0 days | 1,566 sqft |
2024-01-01 | 0 days | 1,571 sqft |
2024-02-01 | 0 days | 1,563 sqft |
2024-03-01 | 0 days | 1,639 sqft |
2024-04-01 | 0 days | 1,540 sqft |
2024-05-01 | 0 days | 1,585 sqft |
2024-06-01 | 0 days | 1,507 sqft |
2024-07-01 | 0 days | 1,514 sqft |
2024-08-01 | 0 days | 1,514 sqft |
2024-09-01 | 0 days | 1,568 sqft |
Mount Vernon's median square footage for active listings during the 2024-09-01 period was 1,568 sqft. One year prior, the average listing was 1,604 sqft.
Mount Vernon, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 335 | $39,685,000 | $118,463 |
Refi | 32 | $3,990,000 | $124,688 |
Other | 30 | $1,500,000 | $50,000 |
Cash Out Refi | 28 | $3,180,000 | $113,571 |
Home Improvement | 26 | $7,030,000 | $270,385 |
Mount Vernon's most frequently cited loan purpose was Home Purchase, with 335 originations. The 2nd most popular reason was Refi, with 32 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 153 | $20,555,000 | $134,346 |
7-8% | 122 | $14,410,000 | $118,115 |
Over 8% | 86 | $6,260,000 | $72,791 |
5-6% | 48 | $12,290,000 | $256,042 |
<2.5% | 25 | $135,000 | $5,400 |
4-5% | 3 | $425,000 | $141,667 |
During 2023, Mount Vernon's most frequently originated rate bucket was 6-7%, with 153 originations.
Loan Sizing (Mount Vernon, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 224 | $11,910,000 | $53,170 |
$100k-200k | 177 | $24,935,000 | $140,876 |
$200k-400k | 48 | $12,630,000 | $263,125 |
$400k-600k | 1 | $405,000 | $405,000 |
$Over $1MM | 1 | $5,505,000 | $5,505,000 |
Mount Vernon's loan sizing saw the bucket of loans from $100,000 or less with 224 originations, totaling $11,910,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 210 | $28,900,000 | $137,619 |
60-80% | 97 | $12,845,000 | $132,423 |
Under 20% | 48 | $810,000 | $16,875 |
20-40% | 35 | $7,505,000 | $214,429 |
40-60% | 25 | $2,785,000 | $111,400 |
Over 100% | 2 | $390,000 | $195,000 |
Mount Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 210 originations, totaling $28,900,000 in origination value.