Ottawa Mortgage Rates
30 Year Fixed Rate mortgages in Ottawa averaged
6.01%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
5.92% and
one month ago for the week of 2022-05-26, the
average rate was 5.41%.
Ottawa's average rate one year ago was 3.09%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.94%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
| Ottawa 30 Year Fixed Rate | 2022-06-30 | 6.01% |
| Ottawa 30 Year Fixed Rate Refi | 2022-06-30 | 5.94% |
| Ottawa 15 Year Fixed Rate | 2022-06-30 | 5.25% |
| Ottawa 15 Year Fixed Rate Refi | 2022-06-30 | 4.86% |
| Ottawa 30 Year FHA | 2022-06-30 | 5.52% |
| Ottawa 30 Year FHA Refi | 2022-06-30 | 5.87% |
| Ottawa 30 Year USDA | 2022-06-30 | 5.72% |
| Ottawa 30 Year USDA Refi | 2022-06-30 | 5.61% |
| Ottawa 30 Year VA | 2022-06-30 | 5.71% |
| Ottawa 30 Year VA Refi | 2022-06-30 | 5.61% |
Ottawa Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Ottawa, 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.).
Ottawa, IL's 147 lenders originated 4,123
loans during 2021. The total origination value was $596,875,000, with an average loan value of
$144,767.
The top Ottawa lender as defined by loan originations is First State Bank, with
169 loans originated. Their average total fees are
$2,122, which is $109
lower than the next largest lender,
The First National Bank of Ottawa.
The lowest fee Ottawa lenders (with over 10 loans originated) are
FINANCIAL PLUS ($1,159), Central Bank Illinois ($1,492), First Federal Savings Bank ($2,016), Grundy Bank ($2,037) and Community Mortgage Banc Corporation ($2,048).
The lowest rate Ottawa lenders (with over 10 loans originated) are
The First National Bank of Ottawa (3.01%), JPMorgan Chase Bank (3.02%), MUTUAL OF OMAHA MORTGAGE, INC. (3.07%), FIRST CENTENNIAL MORTGAGE CORPORATION (3.07%) and COMPASS MORTGAGE, INC. (3.09%).
Ottawa, IL Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| First State Bank | $68,770,000 | $52,885,000 | -23.1% | 8.9% |
| Ottawa Savings Bank | $42,340,000 | $41,400,000 | -2.2% | 6.9% |
| The First National Bank of Ottawa | $53,845,000 | $32,460,000 | -39.7% | 5.4% |
| QUICKEN LOANS, LLC | $27,295,000 | $31,830,000 | 16.6% | 5.3% |
| Central Bank Illinois | $45,650,000 | $26,095,000 | -42.8% | 4.4% |
| First Federal Savings Bank | $37,475,000 | $26,095,000 | -30.4% | 4.4% |
| CALIBER HOME LOANS, INC. | $21,330,000 | $25,410,000 | 19.1% | 4.3% |
| Wells Fargo Bank | $20,990,000 | $21,810,000 | 3.9% | 3.7% |
| GUARANTEED RATE, INC. | $17,840,000 | $18,350,000 | 2.9% | 3.1% |
| FINANCIAL PLUS | $13,415,000 | $17,590,000 | 31.1% | 2.9% |
| LOANDEPOT.COM, LLC | $7,470,000 | $13,690,000 | 83.3% | 2.3% |
| Heartland Bank and Trust Company | $13,930,000 | $12,375,000 | -11.2% | 2.1% |
| First Midwest Bank | $9,515,000 | $10,510,000 | 10.5% | 1.8% |
| Midland States Bank | $8,450,000 | $9,225,000 | 9.2% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $7,580,000 | $9,125,000 | 20.4% | 1.5% |
| First National Bank of Omaha | $7,665,000 | $9,030,000 | 17.8% | 1.5% |
| Mortgage Research Center, LLC | $5,190,000 | $8,620,000 | 66.1% | 1.4% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $6,635,000 | $8,530,000 | 28.6% | 1.4% |
| Old Second National Bank | $9,665,000 | $8,405,000 | -13.0% | 1.4% |
| JPMorgan Chase Bank | $5,270,000 | $8,240,000 | 56.4% | 1.4% |
| KeyBank | $215,000 | $8,120,000 | 3,676.7% | 1.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,405,000 | $8,120,000 | 50.2% | 1.4% |
| Grundy Bank | $5,100,000 | $7,505,000 | 47.2% | 1.3% |
| Hometown National Bank | $8,195,000 | $7,240,000 | -11.7% | 1.2% |
| Community Mortgage Banc Corporation | $9,295,000 | $6,770,000 | -27.2% | 1.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,895,000 | $6,405,000 | 238.0% | 1.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,550,000 | $6,120,000 | 72.4% | 1.0% |
| Streator Onized Credit Union | $7,190,000 | $5,885,000 | -18.2% | 1.0% |
| U.S. Bank | $2,730,000 | $5,055,000 | 85.2% | 0.8% |
| PLAZA HOME MORTGAGE, INC. | $4,320,000 | $4,920,000 | 13.9% | 0.8% |
| COMPASS MORTGAGE, INC. | $5,095,000 | $4,415,000 | -13.3% | 0.7% |
| FIRST STATE MORTGAGE SERVICES, LLC | $4,865,000 | $4,370,000 | -10.2% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,775,000 | $4,120,000 | -13.7% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,755,000 | $3,670,000 | 33.2% | 0.6% |
| NEWREZ LLC | $1,435,000 | $3,545,000 | 147.0% | 0.6% |
| The Federal Savings Bank | $1,360,000 | $2,980,000 | 119.1% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $545,000 | $2,895,000 | 431.2% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $2,130,000 | $2,865,000 | 34.5% | 0.5% |
| Resource Bank, N.A. | $2,715,000 | n/a | 0.5% | |
| Neighborhood Loans, Inc. | $750,000 | $2,580,000 | 244.0% | 0.4% |
| BETTER MORTGAGE CORPORATION | $390,000 | $2,530,000 | 548.7% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $605,000 | $2,495,000 | 312.4% | 0.4% |
| Flagstar Bank, FSB | $2,795,000 | $2,435,000 | -12.9% | 0.4% |
| Key Mortgage Services, Inc. | $1,205,000 | $2,350,000 | 95.0% | 0.4% |
| COMPEER FINANCIAL, FLCA | $1,355,000 | $2,255,000 | 66.4% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $4,135,000 | $2,085,000 | -49.6% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $3,575,000 | $2,075,000 | -42.0% | 0.3% |
| USAA Federal Savings Bank | $2,145,000 | $2,030,000 | -5.4% | 0.3% |
| BROKER SOLUTIONS, INC. | $570,000 | $1,935,000 | 239.5% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,830,000 | $1,905,000 | 4.1% | 0.3% |
| Fifth Third Bank | $705,000 | $1,860,000 | 163.8% | 0.3% |
| PLANET HOME LENDING, LLC | $2,145,000 | $1,785,000 | -16.8% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $1,230,000 | $1,780,000 | 44.7% | 0.3% |
| First Federal Bank | $3,920,000 | $1,650,000 | -57.9% | 0.3% |
| Servion, Inc. | $650,000 | $1,610,000 | 147.7% | 0.3% |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,980,000 | $1,580,000 | -20.2% | 0.3% |
| BLUELEAF LENDING, LLC | $230,000 | $1,570,000 | 582.6% | 0.3% |
| CMG MORTGAGE, INC. | $580,000 | $1,530,000 | 163.8% | 0.3% |
| THE ANDERSON FINANCIAL GROUP, INC. | $1,195,000 | $1,505,000 | 25.9% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,385,000 | $1,500,000 | 8.3% | 0.3% |
| Allied First Bank,sb | $1,375,000 | $1,450,000 | 5.5% | 0.2% |
| The Huntington National Bank | $560,000 | $1,430,000 | 155.4% | 0.2% |
| Mutual Federal Bank | $750,000 | $1,410,000 | 88.0% | 0.2% |
| Morton Community Bank | $1,070,000 | $1,400,000 | 30.8% | 0.2% |
| Associated Bank | $295,000 | $1,310,000 | 344.1% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,085,000 | $1,280,000 | 18.0% | 0.2% |
| Oxford Bank & Trust | $1,270,000 | n/a | 0.2% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $640,000 | $1,260,000 | 96.9% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,255,000 | n/a | 0.2% | |
| Flanagan State Bank | $1,870,000 | $1,170,000 | -37.4% | 0.2% |
| Bank of America | $740,000 | $1,085,000 | 46.6% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $520,000 | $1,080,000 | 107.7% | 0.2% |
| NUMARK CREDIT UNION | $725,000 | $1,065,000 | 46.9% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $515,000 | $1,065,000 | 106.8% | 0.2% |
| Town & Country Banc Mortgage Services, Inc. | $4,885,000 | $1,050,000 | -78.5% | 0.2% |
| CHERRY CREEK MORTGAGE, LLC | $1,205,000 | $1,025,000 | -14.9% | 0.2% |
| INLAND BANK & TRUST | $1,055,000 | $1,000,000 | -5.2% | 0.2% |
| Carrington Mortgage Services, LLC | $825,000 | $995,000 | 20.6% | 0.2% |
| AMERICAN FINANCING CORPORATION | $75,000 | $975,000 | 1,200.0% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $435,000 | $940,000 | 116.1% | 0.2% |
| BMO Harris Bank | $160,000 | $910,000 | 468.8% | 0.2% |
| CITIZENS EQUITY FIRST | $2,240,000 | $885,000 | -60.5% | 0.1% |
| Farmers National Bank | $905,000 | $880,000 | -2.8% | 0.1% |
| United Community Bank | $230,000 | $835,000 | 263.0% | 0.1% |
| PARLAY MORTGAGE & PROPERTY, INC. | $215,000 | $825,000 | 283.7% | 0.1% |
| PNC Bank | $1,315,000 | $785,000 | -40.3% | 0.1% |
| Peoples Bank | $225,000 | $750,000 | 233.3% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $330,000 | $735,000 | 122.7% | 0.1% |
| Fidelity Bank | $425,000 | $715,000 | 68.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,385,000 | $680,000 | -50.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $650,000 | n/a | 0.1% | |
| Hometown Lenders, Inc. | $360,000 | $620,000 | 72.2% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $330,000 | $615,000 | 86.4% | 0.1% |
| Bank of Pontiac | $820,000 | $605,000 | -26.2% | 0.1% |
| INLANTA MORTGAGE, INC. | $105,000 | $595,000 | 466.7% | 0.1% |
| Pacor Mortgage Corp | $365,000 | $585,000 | 60.3% | 0.1% |
| Lakeside Bank | $555,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $740,000 | $525,000 | -29.1% | 0.1% |
| ENVOY MORTGAGE, LTD | $320,000 | $520,000 | 62.5% | 0.1% |
| Midwest Community Bank | $1,565,000 | $515,000 | -67.1% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $165,000 | $510,000 | 209.1% | 0.1% |
| FBC MORTGAGE, LLC | $815,000 | $505,000 | -38.0% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $745,000 | $505,000 | -32.2% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $480,000 | n/a | 0.1% | |
| First American Bank | $165,000 | $470,000 | 184.8% | 0.1% |
| NexBank | $470,000 | n/a | 0.1% | |
| UNITED HOME LOANS, INC. | $355,000 | $470,000 | 32.4% | 0.1% |
| EMBRACE HOME LOANS, INC. | $460,000 | n/a | 0.1% | |
| First Home Bank | $450,000 | n/a | 0.1% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $605,000 | $430,000 | -28.9% | 0.1% |
| Bank of England | $155,000 | $405,000 | 161.3% | 0.1% |
| Holcomb Bank | $360,000 | $405,000 | 12.5% | 0.1% |
| DuPage Credit Union | $400,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $400,000 | n/a | 0.1% | |
| The Home Loan Expert LLC | $250,000 | $400,000 | 60.0% | 0.1% |
| Vibrant Credit Union | $665,000 | $400,000 | -39.8% | 0.1% |
| Deere Employees Credit Union | $770,000 | $390,000 | -49.4% | 0.1% |
| Midwest Heritage Bank FSB | $385,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $380,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $375,000 | n/a | 0.1% | |
| IAA Credit Union | $385,000 | $370,000 | -3.9% | 0.1% |
| CELEBRITY HOME LOANS, LLC | $365,000 | $355,000 | -2.7% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $610,000 | $355,000 | -41.8% | 0.1% |
| UNION HOME MORTGAGE CORP. | $545,000 | $350,000 | -35.8% | 0.1% |
| INB | $335,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $785,000 | $330,000 | -58.0% | 0.1% |
| KS StateBank | $325,000 | n/a | 0.1% | |
| Citizens Bank | $95,000 | $320,000 | 236.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $345,000 | $320,000 | -7.2% | 0.1% |
| RESIDENTIAL BANCORP. | $310,000 | n/a | 0.1% | |
| TOGETHER CREDIT UNION | $295,000 | n/a | 0.0% | |
| Marquette Bank | $370,000 | $290,000 | -21.6% | 0.0% |
| North American Savings Bank, F.S.B. | $205,000 | $285,000 | 39.0% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $285,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $260,000 | $280,000 | 7.7% | 0.0% |
| OPEN MORTGAGE, LLC | $280,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $300,000 | $275,000 | -8.3% | 0.0% |
| ILLINOIS STATE CREDIT UNION | $260,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $250,000 | n/a | 0.0% | |
| AmRes Corporation | $245,000 | n/a | 0.0% | |
| BLACK HILLS FEDERAL CREDIT UNION | $245,000 | n/a | 0.0% | |
| FNBC Bank & Trust | $245,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $245,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $400,000 | $240,000 | -40.0% | 0.0% |
| State Bank of Graymont | $200,000 | $240,000 | 20.0% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| West Central Bank | $235,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $230,000 | n/a | 0.0% | |
| Bank of Springfield | $205,000 | $225,000 | 9.8% | 0.0% |
| LENDSURE MORTGAGE CORP. | $225,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $195,000 | $220,000 | 12.8% | 0.0% |
| HOMESTEAD FUNDING CORP. | $235,000 | $215,000 | -8.5% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $640,000 | $215,000 | -66.4% | 0.0% |
| Chicago Mortgage Solutions LLC | $205,000 | n/a | 0.0% | |
| CoVantage Credit Union | $445,000 | $205,000 | -53.9% | 0.0% |
| GMFS LLC | $205,000 | n/a | 0.0% | |
| Truist Bank | $205,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $195,000 | n/a | 0.0% | |
| First National Bank of Brookfield | $195,000 | n/a | 0.0% | |
| NP, Inc. | $195,000 | n/a | 0.0% | |
| OCMBC, INC. | $145,000 | $195,000 | 34.5% | 0.0% |
| Waterstone Mortgage Corporation | $470,000 | $195,000 | -58.5% | 0.0% |
| CIBM Bank | $1,020,000 | $185,000 | -81.9% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $185,000 | n/a | 0.0% | |
| Metro City Bank | $185,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $775,000 | $185,000 | -76.1% | 0.0% |
| MLD MORTGAGE INC. | $135,000 | $185,000 | 37.0% | 0.0% |
| S1L, Inc. | $185,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $185,000 | n/a | 0.0% | |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $765,000 | $180,000 | -76.5% | 0.0% |
| Prairie State Bank and Trust | $180,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $285,000 | $175,000 | -38.6% | 0.0% |
| Lisle Savings Bank | $175,000 | n/a | 0.0% | |
| Auto Club Trust, FSB | $165,000 | n/a | 0.0% | |
| Discover Bank | $345,000 | $165,000 | -52.2% | 0.0% |
| Goodfield State Bank | $165,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $125,000 | $165,000 | 32.0% | 0.0% |
| Sauk Valley Bank & Trust Company | $465,000 | $165,000 | -64.5% | 0.0% |
| SPRING EQ, LLC | $165,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $105,000 | $160,000 | 52.4% | 0.0% |
| GREENSTATE CREDIT UNION | $60,000 | $160,000 | 166.7% | 0.0% |
| Stillman BancCorp N.A. | $120,000 | $160,000 | 33.3% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $155,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $155,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $155,000 | n/a | 0.0% | |
| Figure Lending LLC | $60,000 | $150,000 | 150.0% | 0.0% |
| Baxter Credit Union | $45,000 | $145,000 | 222.2% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $275,000 | $145,000 | -47.3% | 0.0% |
| Ixonia Bank | $340,000 | $145,000 | -57.4% | 0.0% |
| NBKC BANK | $145,000 | n/a | 0.0% | |
| Ally Bank | $135,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $195,000 | $135,000 | -30.8% | 0.0% |
| EVANSVILLE TEACHERS | $120,000 | $135,000 | 12.5% | 0.0% |
| Paramount Bank | $175,000 | $135,000 | -22.9% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $490,000 | $135,000 | -72.4% | 0.0% |
| FINANCE OF AMERICA COMMERCIAL LLC | $135,000 | $130,000 | -3.7% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $350,000 | $130,000 | -62.9% | 0.0% |
| AMCAP MORTGAGE, LTD. | $125,000 | n/a | 0.0% | |
| DUPACO COMMUNITY | $45,000 | $125,000 | 177.8% | 0.0% |
| First State Bank of Forrest | $125,000 | n/a | 0.0% | |
| Illinois Bank & Trust | $125,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $125,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $125,000 | n/a | 0.0% | |
| Midwest Bank | $115,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $290,000 | $115,000 | -60.3% | 0.0% |
| PHH Mortgage Corporation | $255,000 | $115,000 | -54.9% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $125,000 | $115,000 | -8.0% | 0.0% |
| AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $105,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $105,000 | n/a | 0.0% | |
| BAYPORT FUNDING LLC | $105,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $175,000 | $105,000 | -40.0% | 0.0% |
| InterContinental Capital Group, Inc | $125,000 | $105,000 | -16.0% | 0.0% |
| LENDUS, LLC | $105,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $115,000 | $105,000 | -8.7% | 0.0% |
| American Airlines Federal Credit Union | $95,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $95,000 | n/a | 0.0% | |
| CBI Bank & Trust | $95,000 | n/a | 0.0% | |
| CIBC Bank USA | $85,000 | $95,000 | 11.8% | 0.0% |
| First Option Mortgage, LLC | $95,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $95,000 | n/a | 0.0% | |
| Regions Bank | $95,000 | n/a | 0.0% | |
| Think Mutual Bank | $95,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $85,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $85,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $85,000 | n/a | 0.0% | |
| Network Funding, L.P. | $65,000 | $85,000 | 30.8% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $220,000 | $85,000 | -61.4% | 0.0% |
| VERIDIAN CREDIT UNION | $85,000 | n/a | 0.0% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $75,000 | n/a | 0.0% | |
| Iroquois Federal Savings and Loan Association | $75,000 | n/a | 0.0% | |
| The Bank of Missouri | $75,000 | n/a | 0.0% | |
| Better Banks | $385,000 | $65,000 | -83.1% | 0.0% |
| Summit Credit Union | $65,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $900,000 | $65,000 | -92.8% | 0.0% |
| GREAT LAKES | $645,000 | $55,000 | -91.5% | 0.0% |
| Manufacturers and Traders Trust Company | $55,000 | n/a | 0.0% | |
| First Trust Bank of Illinois | $45,000 | n/a | 0.0% | |
| Hickory Point Bank and Trust | $135,000 | $45,000 | -66.7% | 0.0% |
| Boeing Employees Credit Union | $35,000 | n/a | 0.0% | |
| Union Federal Savings and Loan Association | $245,000 | $25,000 | -89.8% | 0.0% |
| WINGS FINANCIAL | $25,000 | n/a | 0.0% |
Ottawa's top lender by overall market share is First State Bank, with 8.9% market share. In second place, with 6.9%, is Ottawa Savings Bank, having originated $41,400,000 in loans. In third place, with 5.4%, is The First National Bank of Ottawa, having originated $32,460,000 in loans. In third place, with 5.3%, is QUICKEN LOANS, LLC, having originated $31,830,000 in loans. In third place, with 4.4%, is Central Bank Illinois, having originated $26,095,000 in loans.
Ottawa, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,891 | $288,215,000 | $152,414 |
| Refi | 1,396 | $198,990,000 | $142,543 |
| Cash Out Refi | 693 | $100,055,000 | $144,380 |
| Other | 82 | $5,210,000 | $63,537 |
| Home Improvement | 61 | $4,405,000 | $72,213 |
Ottawa's most frequently cited loan purpose was Home Purchase, with 1,891 originations. The 2nd most popular reason was Refi, with 1,396 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,493 | $222,375,000 | $148,945 |
| 2.5-3% | 1,492 | $225,830,000 | $151,361 |
| <2.5% | 722 | $104,180,000 | $144,294 |
| 4-5% | 209 | $22,555,000 | $107,919 |
| 5-6% | 26 | $1,450,000 | $55,769 |
| Over 8% | 12 | $710,000 | $59,167 |
| 7-8% | 5 | $245,000 | $49,000 |
| 6-7% | 4 | $220,000 | $55,000 |
During 2021, Ottawa's most frequently originated rate bucket was 3-4%, with 1,493 originations.
Loan Sizing (Ottawa, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,876 | $266,590,000 | $142,106 |
| $100,000 or less | 1,436 | $96,050,000 | $66,887 |
| $200k-400k | 745 | $192,595,000 | $258,517 |
| $400k-600k | 59 | $27,705,000 | $469,576 |
| $Over $1MM | 4 | $11,360,000 | $2,840,000 |
| $600k-1000k | 3 | $2,575,000 | $858,333 |
Ottawa's loan sizing saw the bucket of loans from $100k-200k with 1,876 originations, totaling $266,590,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,725 | $271,645,000 | $157,475 |
| 60-80% | 1,387 | $212,475,000 | $153,190 |
| 40-60% | 479 | $58,925,000 | $123,017 |
| 20-40% | 173 | $12,695,000 | $73,382 |
| Under 20% | 95 | $2,805,000 | $29,526 |
| Over 100% | 24 | $6,110,000 | $254,583 |
Ottawa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,725 originations, totaling $271,645,000 in origination value.
