Mount Vernon Mortgage Rates & Closing Costs

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

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%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Peoples National Bank , N.A. 61 6.78% $2,298
Petefish, Skiles & Co. 17 7.13% $2,628
U.S. Bank 13 7.08% $3,093
BROKER SOLUTIONS, INC. 10 6.70% $4,876
First Mid Bank & Trust 9 6.29% $1,939
QUICKEN LOANS, LLC 5 7.20% $4,185
Banterra Bank 5 6.58% $2,792
DELMAR FINANCIAL COMPANY 3 6.75% $3,006
21ST MORTGAGE CORPORATION 2 7.70% $6,044
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.06% $4,440
FLAT BRANCH MORTGAGE, INC. 2 6.75% $2,659
GUARANTEED RATE, INC. 2 7.23% $3,903
JPMorgan Chase Bank 2 6.31% $4,632
NAVY FEDERAL CREDIT UNION 2 6.75% $2,128
Stifel Bank and Trust 1 6.25% $1,832
GERSHMAN INVESTMENT CORP. 1 6.13% $3,150
Third Federal Savings and Loan Association of Cleveland 1 5.34% $0
Ally Bank 1 7.38% $2,570
Leaders Credit Union 1 6.75% $125
Midland States Bank 1 8.13% $3,790
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $3,320
Wells Fargo Bank 1 8.13% $3,004
Neighborhood Loans, Inc. 1 6.63% $5,098
NEWREZ LLC 1 6.13% $5,583
PENTAGON FEDERAL CREDIT UNION 1 7.63% $3,161
Bankers' Bank 1 6.00% $2,604
AMERISAVE MORTGAGE CORPORATION 1 7.25% $4,538
PNC Bank 1 6.88% $7,965
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $3,260
Carrollton Bank 1 6.88% $2,475
BOKF 1 7.00% $5,193
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.50% $3,125
FCB Banks 1 6.75% $1,973
BNC National Bank 1 5.88% $6,066

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. 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 $120,675 (-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 for 2024-09-01 was $179,813, a difference of $20,563 (12.9%) versus the prior year and $9,913 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 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. 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 1,725 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 listing age (time on market) for 2024-09-01 was 0 days.

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.