Mount Vernon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mount Vernon averaged
6.78%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.7% and
one month ago for the week of 2025-03-06, the
average rate was 6.89%.
Mount Vernon's average rate one year ago was 6.78%.
For refis of the same type during the week of 2025-04-10, the average rate
was 6.92%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
Mount Vernon 30 Year Fixed Rate | 2025-04-10 | 6.78% |
Mount Vernon 30 Year Fixed Rate Refi | 2025-04-10 | 6.92% |
Mount Vernon 15 Year Fixed Rate | 2025-04-10 | 5.92% |
Mount Vernon 15 Year Fixed Rate Refi | 2025-04-10 | 5.92% |
Mount Vernon 30 Year FHA | 2025-04-10 | 6.23% |
Mount Vernon 30 Year FHA Refi | 2025-04-10 | 6.43% |
Mount Vernon 30 Year USDA | 2025-04-10 | 6.35% |
Mount Vernon 30 Year USDA Refi | 2025-04-10 | 6.35% |
Mount Vernon 30 Year VA | 2025-04-10 | 6.09% |
Mount Vernon 30 Year VA Refi | 2025-04-10 | 6.19% |
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 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. 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 | $120,825 (-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 |
Mount Vernon's median listing price comes in at 0% of the national average.
Mount Vernon's average listing price for 2025-03-01 was $193,694, a difference of $-13,092 (-6.3%) versus the prior year and $-7,576 versus the prior month.
For the 2025-03-01 period, Mount Vernon had 60 MLS listings, a difference of 3 listings (5%) versus the prior month and 14 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 | 1,729 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 |
Mount Vernon's median square footage for active listings during the 2025-03-01 period was 1,536 sqft. One year prior, the average listing was 1,639 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.