Mount Vernon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mount Vernon averaged
7.16%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
7.25% and
one month ago for the week of 2023-11-02, the
average rate was 7.69%.
Mount Vernon's average rate one year ago was 6.42%.
For refis of the same type during the week of 2023-12-07, the average rate
was 7.43%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
Mount Vernon 30 Year Fixed Rate | 2023-12-07 | 7.16% |
Mount Vernon 30 Year Fixed Rate Refi | 2023-12-07 | 7.43% |
Mount Vernon 15 Year Fixed Rate | 2023-12-07 | 6.09% |
Mount Vernon 15 Year Fixed Rate Refi | 2023-12-07 | 6.69% |
Mount Vernon 30 Year FHA | 2023-12-07 | 7.02% |
Mount Vernon 30 Year FHA Refi | 2023-12-07 | 6.82% |
Mount Vernon 30 Year USDA | 2023-12-07 | 7.02% |
Mount Vernon 30 Year USDA Refi | 2023-12-07 | 6.82% |
Mount Vernon 30 Year VA | 2023-12-07 | 6.74% |
Mount Vernon 30 Year VA Refi | 2023-12-07 | 6.64% |
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 40 lenders originated 544
loans during 2022. The total origination value was $65,530,000, with an average loan value of
$120,460.
Mount Vernon's average closing costs are $3,412.
The top Mount Vernon lender as defined by loan originations is Peoples National Bank , N.A., with
49 loans originated. Their average total fees are
$2,257, which is $187
lower than the next largest lender,
U.S. Bank.
The lowest fee Mount Vernon lenders (with over 10 loans originated) are
First Mid Bank & Trust ($1,741), Petefish, Skiles & Co. ($2,246), Peoples National Bank , N.A. ($2,257), U.S. Bank ($2,444) and .
The lowest rate Mount Vernon lenders (with over 10 loans originated) are
First Mid Bank & Trust (4.81%), Petefish, Skiles & Co. (5.24%), U.S. Bank (5.40%), Peoples National Bank , N.A. (5.46%) 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Peoples National Bank , N.A. | $14,580,000 | $10,850,000 | -25.6% | 16.6% |
U.S. Bank | $9,680,000 | $5,275,000 | -45.5% | 8.0% |
BROKER SOLUTIONS, INC. | $5,320,000 | $4,535,000 | -14.8% | 6.9% |
Fifth Third Bank | $4,385,000 | $3,965,000 | -9.6% | 6.1% |
QUICKEN LOANS, LLC | $9,465,000 | $3,390,000 | -64.2% | 5.2% |
Petefish, Skiles & Co. | $2,995,000 | $3,295,000 | 10.0% | 5.0% |
First Mid Bank & Trust | $3,930,000 | $3,265,000 | -16.9% | 5.0% |
Mortgage Research Center, LLC | $2,505,000 | $3,135,000 | 25.1% | 4.8% |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,350,000 | $1,700,000 | 25.9% | 2.6% |
GERSHMAN INVESTMENT CORP. | $745,000 | $1,630,000 | 118.8% | 2.5% |
Legence Bank | $3,980,000 | $1,480,000 | -62.8% | 2.3% |
DELMAR FINANCIAL COMPANY | $695,000 | $1,085,000 | 56.1% | 1.7% |
Community Partners Savings Bank | $1,635,000 | $1,060,000 | -35.2% | 1.6% |
Community Mortgage Banc Corporation | $450,000 | $1,030,000 | 128.9% | 1.6% |
The Farmers and Merchants National Bank of Nashville | $935,000 | $850,000 | -9.1% | 1.3% |
FREEDOM MORTGAGE CORPORATION | $1,550,000 | $835,000 | -46.1% | 1.3% |
TRIAD FINANCIAL SERVICES, INC. | $75,000 | $775,000 | 933.3% | 1.2% |
FCB Banks | $1,375,000 | $745,000 | -45.8% | 1.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $310,000 | $685,000 | 121.0% | 1.0% |
Arvest Bank | $480,000 | $635,000 | 32.3% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $75,000 | $620,000 | 726.7% | 0.9% |
PNC Bank | $100,000 | $600,000 | 500.0% | 0.9% |
First Financial Bank | $555,000 | $595,000 | 7.2% | 0.9% |
PENNYMAC LOAN SERVICES, LLC | $855,000 | $590,000 | -31.0% | 0.9% |
LOANDEPOT.COM, LLC | $1,265,000 | $585,000 | -53.8% | 0.9% |
ENDEAVOR CAPITAL, LLC. | $515,000 | $575,000 | 11.7% | 0.9% |
NAVY FEDERAL CREDIT UNION | $610,000 | $530,000 | -13.1% | 0.8% |
UNITED WHOLESALE MORTGAGE, LLC | $165,000 | $515,000 | 212.1% | 0.8% |
SCOTT CREDIT UNION | $250,000 | $510,000 | 104.0% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $555,000 | $450,000 | -18.9% | 0.7% |
GUILD MORTGAGE COMPANY | $395,000 | $440,000 | 11.4% | 0.7% |
NEWREZ LLC | $480,000 | $430,000 | -10.4% | 0.7% |
Morgan Stanley Private Bank | $425,000 | n/a | 0.6% | |
FIRST SOUTHERN BANK. | $420,000 | n/a | 0.6% | |
PENTAGON FEDERAL CREDIT UNION | $415,000 | n/a | 0.6% | |
Banterra Bank | $1,930,000 | $410,000 | -78.8% | 0.6% |
Bankers' Bank | $880,000 | $395,000 | -55.1% | 0.6% |
The FNB Community Bank | $200,000 | $360,000 | 80.0% | 0.5% |
Regions Bank | $775,000 | $335,000 | -56.8% | 0.5% |
CMG MORTGAGE, INC. | $300,000 | n/a | 0.5% | |
21ST MORTGAGE CORPORATION | $320,000 | $285,000 | -10.9% | 0.4% |
Carrollton Bank | $145,000 | $275,000 | 89.7% | 0.4% |
The Peoples State Bank of Newton, Illinois | $275,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,000,000 | $270,000 | -73.0% | 0.4% |
Germantown Trust & Savings Bank | $175,000 | $245,000 | 40.0% | 0.4% |
NEW DAY FINANCIAL, LLC | $145,000 | $225,000 | 55.2% | 0.3% |
DAS Acquisition Company, LLC | $685,000 | $220,000 | -67.9% | 0.3% |
AMERICAN FINANCING CORPORATION | $205,000 | n/a | 0.3% | |
Nations Lending Corporation | $75,000 | $200,000 | 166.7% | 0.3% |
FLAT BRANCH MORTGAGE, INC. | $225,000 | $195,000 | -13.3% | 0.3% |
Hometown Lenders, Inc. | $185,000 | n/a | 0.3% | |
ROYAL UNITED MORTGAGE LLC | $180,000 | $180,000 | 0.0% | 0.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $175,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $250,000 | $160,000 | -36.0% | 0.2% |
Flagstar Bank, FSB | $155,000 | $155,000 | 0.0% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $145,000 | n/a | 0.2% | |
USAA Federal Savings Bank | $410,000 | $145,000 | -64.6% | 0.2% |
VILLAGE CAPITAL MORTGAGE | $95,000 | $145,000 | 52.6% | 0.2% |
Dieterich Bank | $95,000 | $135,000 | 42.1% | 0.2% |
Neighborhood Loans, Inc. | $135,000 | n/a | 0.2% | |
CALIBER HOME LOANS, INC. | $190,000 | $125,000 | -34.2% | 0.2% |
Community Bank of Trenton | $125,000 | n/a | 0.2% | |
CITIZENS EQUITY FIRST | $205,000 | $115,000 | -43.9% | 0.2% |
Commerce Home Mortgage, Inc. | $115,000 | n/a | 0.2% | |
SOUTHWEST STAGE FUNDING, LLC | $270,000 | $115,000 | -57.4% | 0.2% |
Town & Country Banc Mortgage Services, Inc. | $135,000 | $115,000 | -14.8% | 0.2% |
REVERSE MORTGAGE FUNDING LLC | $105,000 | n/a | 0.2% | |
FAMILY FINANCE MORTGAGE, LLC | $105,000 | $95,000 | -9.5% | 0.1% |
JPMorgan Chase Bank | $245,000 | $85,000 | -65.3% | 0.1% |
Midland States Bank | $550,000 | $85,000 | -84.5% | 0.1% |
Wells Fargo Bank | $490,000 | $85,000 | -82.7% | 0.1% |
Credit Union 1 | $75,000 | n/a | 0.1% | |
Figure Lending LLC | $75,000 | $75,000 | 0.0% | 0.1% |
Midwest Community Bank | $75,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $75,000 | n/a | 0.1% | |
The Home Loan Expert LLC | $255,000 | $75,000 | -70.6% | 0.1% |
United Fidelity Funding Corp. | $75,000 | n/a | 0.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $65,000 | n/a | 0.1% | |
First National Bank of Waterloo | $55,000 | n/a | 0.1% | |
EVANSVILLE TEACHERS | $680,000 | $45,000 | -93.4% | 0.1% |
Barrington Bank & Trust Company, N.A. | $290,000 | $35,000 | -87.9% | 0.1% |
Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $15,000 | n/a | 0.0% |
Mount Vernon's top lender by overall market share is Peoples National Bank , N.A., with 16.6% market share. In second place, with 8.0%, is U.S. Bank, having originated $5,275,000 in loans. In third place, with 6.9%, is BROKER SOLUTIONS, INC., having originated $4,535,000 in loans. In fourth place, with 6.1%, is Fifth Third Bank, having originated $3,965,000 in loans. In fifth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $3,390,000 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 | $125,677 (5.0%) | $178,378 (22.1%) | 0.00 | 139 |
2019-09-01 | $125,268 (6.3%) | $173,337 (17.2%) | 0.00 | 146 |
2019-10-01 | $125,008 (4.3%) | $169,977 (14.0%) | 0.00 | 150 |
2019-11-01 | $128,283 (7.6%) | $166,528 (11.1%) | 0.00 | 140 |
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 (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 |
Mount Vernon's median listing price comes in at 0% of the national average.
Mount Vernon's average listing price for 2023-11-01 was $180,224, a difference of $-9,316 (-4.9%) versus the prior year and $2,129 versus the prior month.
For the 2023-11-01 period, Mount Vernon had 41 MLS listings, a difference of -3 listings (-7%) versus the prior month and -10 listings (-20%) 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 | 1,796 sqft |
2018-02-01 | 0 days | 1,805 sqft |
2018-03-01 | 0 days | 1,838 sqft |
2018-04-01 | 0 days | 1,805 sqft |
2018-05-01 | 0 days | 1,740 sqft |
2018-06-01 | 0 days | 1,728 sqft |
2018-07-01 | 0 days | 1,722 sqft |
2018-08-01 | 0 days | 1,710 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 | 1,795 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 | 1,752 sqft |
2020-04-01 | 0 days | 1,752 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 | 1,924 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 |
Mount Vernon's median square footage for active listings during the 2023-11-01 period was 1,560 sqft. One year prior, the average listing was 1,586 sqft.
Mount Vernon, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 304 | $39,610,000 | $130,296 |
Refi | 101 | $11,325,000 | $112,129 |
Cash Out Refi | 79 | $11,095,000 | $140,443 |
Other | 32 | $1,900,000 | $59,375 |
Home Improvement | 28 | $1,600,000 | $57,143 |
Mount Vernon's most frequently cited loan purpose was Home Purchase, with 304 originations. The 2nd most popular reason was Refi, with 101 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 132 | $16,750,000 | $126,894 |
3-4% | 99 | $11,545,000 | $116,616 |
4-5% | 89 | $12,475,000 | $140,169 |
6-7% | 85 | $10,955,000 | $128,882 |
7-8% | 49 | $3,845,000 | $78,469 |
2.5-3% | 29 | $3,425,000 | $118,103 |
<2.5% | 19 | $1,275,000 | $67,105 |
Over 8% | 7 | $445,000 | $63,571 |
During 2022, Mount Vernon's most frequently originated rate bucket was 5-6%, with 132 originations.
Loan Sizing (Mount Vernon, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 257 | $14,135,000 | $55,000 |
$100k-200k | 211 | $29,415,000 | $139,408 |
$200k-400k | 64 | $16,100,000 | $251,563 |
$400k-600k | 10 | $4,570,000 | $457,000 |
$600k-1000k | 2 | $1,310,000 | $655,000 |
Mount Vernon's loan sizing saw the bucket of loans from $100,000 or less with 257 originations, totaling $14,135,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 234 | $34,980,000 | $149,487 |
60-80% | 121 | $15,955,000 | $131,860 |
20-40% | 49 | $2,785,000 | $56,837 |
40-60% | 41 | $3,685,000 | $89,878 |
Under 20% | 30 | $810,000 | $27,000 |
Over 100% | 9 | $1,535,000 | $170,556 |
Mount Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 234 originations, totaling $34,980,000 in origination value.