Mount Vernon Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Mount Vernon averaged 6.68% for the week of 2025-07-10, compared to the national average of 6.72% for the same period.

    The average rate for the prior week (2025-07-03) was 6.73% and one month ago for the week of 2025-06-05, the average rate was 7.01%.

    Mount Vernon's average rate one year ago was 7.31%.

    For refis of the same type during the week of 2025-07-10, the average rate was 6.82%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-10 6.72%
    Mount Vernon 30 Year Fixed Rate 2025-07-10 6.68%
    Mount Vernon 30 Year Fixed Rate Refi 2025-07-10 6.82%
    Mount Vernon 15 Year Fixed Rate 2025-07-10 6.06%
    Mount Vernon 15 Year Fixed Rate Refi 2025-07-10 6.06%
    Mount Vernon 30 Year FHA 2025-07-10 6.72%
    Mount Vernon 30 Year FHA Refi 2025-07-10 6.72%
    Mount Vernon 30 Year USDA 2025-07-10 6.65%
    Mount Vernon 30 Year USDA Refi 2025-07-10 6.35%
    Mount Vernon 30 Year VA 2025-07-10 6.17%
    Mount Vernon 30 Year VA Refi 2025-07-10 6.27%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mount Vernon, IL.

    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.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Peoples National Bank , N.A. 46 6.89% $2,181
    Petefish, Skiles & Co. 18 7.15% $2,350
    First Mid Bank & Trust 10 6.49% $2,146
    QUICKEN LOANS, LLC 9 7.00% $5,114
    U.S. Bank 9 6.91% $2,527
    FLAT BRANCH MORTGAGE, INC. 5 6.40% $2,610
    GUILD MORTGAGE COMPANY 3 6.83% $2,785
    BROKER SOLUTIONS, INC. 3 7.54% $4,409
    Fifth Third Bank 3 7.04% $3,501
    GUARANTEED RATE, INC. 3 7.28% $3,823
    ENDEAVOR CAPITAL, LLC. 2 7.00% $3,305
    Farm Credit Mid-America, ACA 2 7.19% $4,465
    UNITED WHOLESALE MORTGAGE, LLC 2 6.84% $5,163
    First Financial Bank 2 6.50% $3,125
    Regions Bank 2 6.25% $4,251
    DELMAR FINANCIAL COMPANY 2 7.19% $3,073
    Bankers' Bank 1 7.00% $2,577
    AMERICAN FINANCING CORPORATION 1 5.88% $4,948
    Heartland Bank and Trust Company 1 7.38% $1,803
    Horizon Bank 1 8.13% $2,387
    LAKEVIEW LOAN SERVICING, LLC 1 7.50% $4,213
    Mortgage Research Center, LLC 1 7.63% $6,397
    MOVEMENT MORTGAGE, LLC 1 6.88% $4,353
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $4,566
    NEWREZ LLC 1 5.25% $12,271
    CITIZENS EQUITY FIRST 1 6.88% $967
    CHURCHILL MORTGAGE CORPORATION 1 6.99% $3,350
    Providence Bank & Trust 1 6.63% $1,619
    Bank of Hillsboro 1 6.50% $1,982
    DAS Acquisition Company, LLC 1 5.99% $2,889
    ROYAL UNITED MORTGAGE LLC 1 7.88% $4,851
    TOGETHER CREDIT UNION 1 6.63% $1,120
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $3,132
    Community Mortgage Banc Corporation 1 6.00% $2,811

    Mount Vernon Average Closing Costs & Other Stats

    Mount Vernon, IL's 34 lenders originated 432 loans during 2024. The total origination value was $59,050,000, with an average loan value of $136,690.

    Mount Vernon's average closing costs are $3,616.

    The top Mount Vernon lender as defined by loan originations is Peoples National Bank , N.A., with 46 loans originated. Their average total fees are $2,181, which is $169 lower than the next largest lender, Petefish, Skiles & Co..

    The lowest fee Mount Vernon lenders (with over 10 loans originated) are First Mid Bank & Trust ($2,146), Peoples National Bank , N.A. ($2,181), Petefish, Skiles & Co. ($2,350), .

    The lowest rate Mount Vernon lenders (with over 10 loans originated) are First Mid Bank & Trust (6.49%), Peoples National Bank , N.A. (6.89%), Petefish, Skiles & Co. (7.15%), .

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Peoples National Bank , N.A. $10,725,000 $13,030,000 21.5% 22.1%
    QUICKEN LOANS, LLC $1,945,000 $3,650,000 87.7% 6.2%
    BROKER SOLUTIONS, INC. $4,225,000 $3,570,000 -15.5% 6.0%
    Petefish, Skiles & Co. $3,070,000 $3,420,000 11.4% 5.8%
    Mortgage Research Center, LLC $2,150,000 $3,040,000 41.4% 5.1%
    First Mid Bank & Trust $1,930,000 $2,685,000 39.1% 4.5%
    U.S. Bank $2,650,000 $2,345,000 -11.5% 4.0%
    21ST MORTGAGE CORPORATION $1,550,000 $1,845,000 19.0% 3.1%
    ENDEAVOR CAPITAL, LLC. $295,000 $1,670,000 466.1% 2.8%
    Fifth Third Bank $815,000 $1,550,000 90.2% 2.6%
    PENNYMAC LOAN SERVICES, LLC $245,000 $1,325,000 440.8% 2.2%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,405,000 $1,115,000 -20.6% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $920,000 n/a 1.6%
    FLAT BRANCH MORTGAGE, INC. $630,000 $880,000 39.7% 1.5%
    GUARANTEED RATE, INC. $695,000 $820,000 18.0% 1.4%
    NEWREZ LLC $515,000 $790,000 53.4% 1.3%
    TRIAD FINANCIAL SERVICES, INC. $850,000 $755,000 -11.2% 1.3%
    NAVY FEDERAL CREDIT UNION $645,000 $685,000 6.2% 1.2%
    GERSHMAN INVESTMENT CORP. $400,000 $675,000 68.8% 1.1%
    GUILD MORTGAGE COMPANY $255,000 $610,000 139.2% 1.0%
    CROSSCOUNTRY MORTGAGE, LLC $590,000 n/a 1.0%
    DELMAR FINANCIAL COMPANY $1,030,000 $580,000 -43.7% 1.0%
    FREEDOM MORTGAGE CORPORATION $545,000 n/a 0.9%
    Farm Credit Mid-America, ACA $480,000 n/a 0.8%
    The Bradford National Bank of Greenville $215,000 $465,000 116.3% 0.8%
    NEW DAY FINANCIAL, LLC $155,000 $420,000 171.0% 0.7%
    Regions Bank $305,000 $420,000 37.7% 0.7%
    GreenStone Farm Credit Services, FLCA $405,000 n/a 0.7%
    The Farmers and Merchants National Bank of Nashville $280,000 $400,000 42.9% 0.7%
    NBKC BANK $395,000 n/a 0.7%
    First Financial Bank $260,000 $390,000 50.0% 0.7%
    Community Partners Savings Bank $180,000 $380,000 111.1% 0.6%
    CANOPY MORTGAGE, LLC $335,000 n/a 0.6%
    Bankers' Bank $145,000 $325,000 124.1% 0.6%
    Heartland Bank and Trust Company $300,000 n/a 0.5%
    CMG MORTGAGE, INC. $275,000 n/a 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $215,000 $270,000 25.6% 0.5%
    ROYAL UNITED MORTGAGE LLC $160,000 $260,000 62.5% 0.4%
    Germantown Trust & Savings Bank $250,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $55,000 $250,000 354.5% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $535,000 $250,000 -53.3% 0.4%
    Horizon Bank $215,000 n/a 0.4%
    LAKEVIEW LOAN SERVICING, LLC $215,000 n/a 0.4%
    LOANDEPOT.COM, LLC $375,000 $200,000 -46.7% 0.3%
    Banterra Bank $630,000 $195,000 -69.0% 0.3%
    Legence Bank $285,000 $195,000 -31.6% 0.3%
    AMERICAN FINANCING CORPORATION $270,000 $190,000 -29.6% 0.3%
    United Community Bank $190,000 n/a 0.3%
    AMERICAN HERITAGE LENDING, INC. $185,000 n/a 0.3%
    FCB Banks $615,000 $185,000 -69.9% 0.3%
    FOUNDATION MORTGAGE CORPORATION $185,000 n/a 0.3%
    NORWICH COMMERCIAL GROUP, INC. $175,000 n/a 0.3%
    Discover Bank $55,000 $170,000 209.1% 0.3%
    Figure Lending LLC $115,000 $170,000 47.8% 0.3%
    Midland States Bank $275,000 $170,000 -38.2% 0.3%
    Flagstar Bank, FSB $165,000 n/a 0.3%
    The Federal Savings Bank $125,000 $165,000 32.0% 0.3%
    TOGETHER CREDIT UNION $165,000 n/a 0.3%
    Providence Bank & Trust $155,000 n/a 0.3%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $145,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $145,000 n/a 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $780,000 $135,000 -82.7% 0.2%
    AMERISAVE MORTGAGE CORPORATION $385,000 $130,000 -66.2% 0.2%
    1ST MIDAMERICA $120,000 n/a 0.2%
    CITIZENS EQUITY FIRST $195,000 $115,000 -41.0% 0.2%
    Community Mortgage Banc Corporation $115,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $110,000 n/a 0.2%
    Bank of America $145,000 $105,000 -27.6% 0.2%
    Carrington Mortgage Services, LLC $220,000 $105,000 -52.3% 0.2%
    SCOTT CREDIT UNION $590,000 $105,000 -82.2% 0.2%
    Community Bank of Trenton $95,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $75,000 n/a 0.1%
    DAS Acquisition Company, LLC $75,000 n/a 0.1%
    GREAT LAKES $75,000 n/a 0.1%
    Old National Bank $75,000 n/a 0.1%
    SOUTHWEST STAGE FUNDING, LLC $75,000 n/a 0.1%
    Wells Fargo Bank $35,000 $65,000 85.7% 0.1%
    Coastal Community Bank $45,000 $60,000 33.3% 0.1%
    American Airlines Federal Credit Union $55,000 n/a 0.1%
    FIRST SOUTHERN BANK $135,000 $55,000 -59.3% 0.1%
    Bank of Hillsboro $45,000 n/a 0.1%
    GREENSTATE CREDIT UNION $35,000 n/a 0.1%
    The Peoples State Bank of Newton, Illinois $35,000 n/a 0.1%

    Mount Vernon's top lender by overall market share is Peoples National Bank , N.A., with 22.1% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $3,650,000 in loans. In third place, with 6.0%, is BROKER SOLUTIONS, INC., having originated $3,570,000 in loans. In fourth place, with 5.8%, is Petefish, Skiles & Co., having originated $3,420,000 in loans. In fifth place, with 5.1%, is Mortgage Research Center, LLC, having originated $3,040,000 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. Louis
    Date 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 $120,825 (-0.1%) $145,584 (1.3%) 0.00 186
    2018-08-01 $119,800 (-0.1%) $146,257 (4.5%) 0.00 186
    2018-09-01 $118,850 (0.1%) $148,156 (6.5%) 0.00 173
    2018-10-01 $119,925 (4.4%) $149,305 (6.0%) 0.00 165
    2018-11-01 $119,700 (2.8%) $149,994 (8.8%) 0.00 163
    2018-12-01 $109,900 (-7.1%) $148,117 (6.2%) 0.00 158
    2019-01-01 $105,675 (-11.9%) $141,216 (-0.3%) 0.00 145
    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 (4.8%) $181,503 (24.7%) 0.00 132
    2019-08-01 $125,677 (4.9%) $178,378 (22.0%) 0.00 139
    2019-09-01 $125,268 (5.4%) $173,337 (17.0%) 0.00 146
    2019-10-01 $125,008 (4.2%) $169,977 (13.9%) 0.00 150
    2019-11-01 $128,283 (7.2%) $166,528 (11.0%) 0.00 140
    2019-12-01 $123,875 (12.7%) $165,510 (11.7%) 0.00 134
    2020-01-01 $122,500 (15.9%) $170,810 (21.0%) 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 (13.9%) 0.00 111
    2020-09-01 $167,700 (33.9%) $215,143 (24.1%) 0.00 99
    2020-10-01 $185,250 (48.2%) $223,515 (31.5%) 0.00 83
    2020-11-01 $162,925 (27.0%) $212,442 (27.6%) 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 $166,225 (-21.3%) $213,819 (-2.0%) 0.00 43
    2024-06-01 $140,000 (-31.0%) $198,277 (-12.1%) 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
    2024-10-01 $176,000 (22.4%) $214,519 (20.5%) 0.00 54
    2024-11-01 $182,500 (34.4%) $217,133 (20.5%) 0.00 53
    2024-12-01 $202,500 (50.0%) $219,958 (9.7%) 0.00 62
    2025-01-01 $208,500 (60.5%) $217,272 (0.8%) 0.00 58
    2025-02-01 $179,950 (31.2%) $201,270 (-14.9%) 0.00 57
    2025-03-01 $174,900 (24.0%) $193,694 (-6.3%) 0.00 60
    2025-04-01 $187,500 (29.5%) $213,061 (1.5%) 0.00 59
    2025-05-01 $196,950 (18.5%) $226,168 (5.8%) 0.00 61
    2025-06-01 $198,000 (41.4%) $231,670 (16.8%) 0.00 61
    Mount Vernon's median listing price for 2025-06-01 was $198,000, a difference of $58,000 (41.4%) versus the prior year and $1,050 versus the prior month.

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

    Mount Vernon's average listing price for 2025-06-01 was $231,670, a difference of $33,393 (16.8%) versus the prior year and $5,502 versus the prior month.

    For the 2025-06-01 period, Mount Vernon had 61 MLS listings, a difference of 0 listings (0%) versus the prior month and 15 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,800 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 1,729 sqft
    2018-08-01 0 days 1,714 sqft
    2018-09-01 0 days 1,715 sqft
    2018-10-01 0 days 1,718 sqft
    2018-11-01 0 days 1,680 sqft
    2018-12-01 0 days 1,680 sqft
    2019-01-01 0 days 1,674 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 1,795 sqft
    2019-09-01 0 days 1,756 sqft
    2019-10-01 0 days 1,733 sqft
    2019-11-01 0 days 1,720 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 1,590 sqft
    2024-06-01 0 days 1,524 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
    2024-10-01 0 days 1,700 sqft
    2024-11-01 0 days 1,600 sqft
    2024-12-01 0 days 1,695 sqft
    2025-01-01 0 days 1,577 sqft
    2025-02-01 0 days 1,675 sqft
    2025-03-01 0 days 1,536 sqft
    2025-04-01 0 days 1,669 sqft
    2025-05-01 0 days 1,680 sqft
    2025-06-01 0 days 1,666 sqft
    Mount Vernon's median listing age (time on market) for 2025-06-01 was 0 days.

    Mount Vernon's median square footage for active listings during the 2025-06-01 period was 1,666 sqft. One year prior, the average listing was 1,524 sqft.

    Mount Vernon, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 286 $43,390,000 $151,713
    Cash Out Refi 50 $6,450,000 $129,000
    Refi 42 $6,150,000 $146,429
    Other 28 $1,360,000 $48,571
    Home Improvement 26 $1,700,000 $65,385

    Mount Vernon's most frequently cited loan purpose was Home Purchase, with 286 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 153 $24,065,000 $157,288
    7-8% 138 $21,130,000 $153,116
    Over 8% 81 $5,955,000 $73,519
    5-6% 30 $5,300,000 $176,667
    <2.5% 11 $65,000 $5,909
    4-5% 1 $65,000 $65,000
    3-4% 1 $165,000 $165,000
    2.5-3% 1 $305,000 $305,000

    During 2024, 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 202 $10,510,000 $52,030
    $100k-200k 147 $21,135,000 $143,776
    $200k-400k 76 $20,370,000 $268,026
    $400k-600k 4 $1,850,000 $462,500
    $600k-1000k 2 $1,270,000 $635,000
    $Over $1MM 1 $3,915,000 $3,915,000

    Mount Vernon's loan sizing saw the bucket of loans from $100,000 or less with 202 originations, totaling $10,510,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 197 $32,765,000 $166,320
    60-80% 82 $11,820,000 $144,146
    20-40% 46 $7,170,000 $155,870
    Under 20% 39 $985,000 $25,256
    40-60% 24 $2,350,000 $97,917
    Over 100% 4 $1,210,000 $302,500

    Mount Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 197 originations, totaling $32,765,000 in origination value.