Ottawa Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Ottawa averaged 7.32% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 7.31% and one month ago for the week of 2023-08-17, the average rate was 6.92%.

Ottawa's average rate one year ago was 5.75%.

For refis of the same type during the week of 2023-09-21, the average rate was 6.47%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Ottawa 30 Year Fixed Rate 2023-09-21 7.32%
Ottawa 30 Year Fixed Rate Refi 2023-09-21 6.47%
Ottawa 15 Year Fixed Rate 2023-09-21 6.34%
Ottawa 15 Year Fixed Rate Refi 2023-09-21 6.44%
Ottawa 30 Year FHA 2023-09-21 6.42%
Ottawa 30 Year FHA Refi 2023-09-21 6.84%
Ottawa 30 Year USDA 2023-09-21 6.92%
Ottawa 30 Year USDA Refi 2023-09-21 6.82%
Ottawa 30 Year VA 2023-09-21 6.74%
Ottawa 30 Year VA Refi 2023-09-21 6.62%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ottawa, IL.

Ottawa 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 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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
First State Bank 84 4.61% $1,859
FINANCIAL PLUS 83 4.45% $1,196
Ottawa Savings Bank 83 4.84% $2,828
Wells Fargo Bank 64 5.09% $3,672
The First National Bank of Ottawa 62 5.41% $2,660
QUICKEN LOANS, LLC 62 5.20% $5,702
GUARANTEED RATE, INC. 37 5.35% $4,194
CALIBER HOME LOANS, INC. 35 5.40% $4,872
Central Bank Illinois 35 5.17% $1,683
First Federal Savings Bank 34 5.18% $2,265
Community Mortgage Banc Corporation 33 5.95% $2,172
Heartland Bank and Trust Company 32 5.69% $2,456
JPMorgan Chase Bank 21 5.20% $3,331
FIRST CENTENNIAL MORTGAGE CORPORATION 15 5.25% $4,046
Old Second National Bank 13 4.94% $3,285
COMPASS MORTGAGE, INC. 13 5.16% $5,293
UNITED WHOLESALE MORTGAGE, LLC 10 4.97% $5,630
LOANDEPOT.COM, LLC 10 4.06% $5,782
First National Bank of Omaha 10 5.74% $3,309
Midland States Bank 8 5.58% $3,449
FIRST STATE MORTGAGE SERVICES, LLC 8 5.66% $4,340
Grundy Bank 7 4.79% $2,562
Flagstar Bank, FSB 7 5.64% $3,827
PLANET HOME LENDING, LLC 7 4.50% $2,137
Neighborhood Loans, Inc. 7 5.28% $4,024
Old National Bank 6 5.19% $4,396
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 5.77% $3,968
CROSSCOUNTRY MORTGAGE, LLC 6 6.29% $5,604
I. H. MISSISSIPPI VALLEY CREDIT UNION 6 4.90% $1,877
Mr. Cooper ( Nationstar Mortgage ) 6 4.52% $6,293
BROKER SOLUTIONS, INC. 5 5.82% $4,189
The Federal Savings Bank 5 5.88% $4,485
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 5.93% $4,181
U.S. Bank 5 5.25% $2,916
AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.10% $6,000
NAVY FEDERAL CREDIT UNION 5 6.15% $2,360
Fifth Third Bank 4 5.25% $3,834
FLAT BRANCH MORTGAGE, INC. 4 4.94% $2,939
PLAZA HOME MORTGAGE, INC. 4 4.66% $4,484
Morton Community Bank 4 4.00% $2,454
NEWREZ LLC 4 5.50% $4,219
The Huntington National Bank 4 4.81% $3,261
COMPEER FINANCIAL, FLCA 4 6.00% $5,048
Bank of Pontiac 3 6.42% $1,949
Barrington Bank & Trust Company, N.A. 3 5.67% $4,981
Flanagan State Bank 3 5.50% $2,189
BLUELEAF LENDING, LLC 3 4.83% $3,631
PNC Bank 3 6.58% $6,150
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 5.33% $4,026
Associated Bank 3 5.00% $3,798
Peoples Bank 3 5.50% $3,285
CITIZENS EQUITY FIRST 3 5.08% $2,349
AMERICAN FINANCING CORPORATION 3 4.17% $4,149
HOMESIDE FINANCIAL, LLC 3 4.17% $3,166
ZILLOW HOME LOANS, LLC 2 5.13% $3,974
AmeriHome Mortgage Company, LLC 2 6.06% $6,821
AMERISAVE MORTGAGE CORPORATION 2 5.00% $5,327
Bank of America 2 4.19% $2,697
BAY EQUITY LLC 2 5.13% $4,476
BETTER MORTGAGE CORPORATION 2 4.81% $2,931
BMO Harris Bank 2 4.81% $3,997
CARDINAL FINANCIAL 2 3.19% $4,471
CMG MORTGAGE, INC. 2 6.68% $6,848
Discover Bank 2 9.12% $0
FINANCE OF AMERICA MORTGAGE LLC 2 5.44% $3,676
FIRST NORTHERN Credit Union 2 4.69% $2,576
First Savings Bank 2 5.94% $4,061
FREEDOM MORTGAGE CORPORATION 2 5.94% $4,347
GREENSTATE CREDIT UNION 2 6.25% $2,820
GUARANTEED RATE AFFINITY, LLC 2 4.85% $4,018
HOME POINT FINANCIAL CORPORATION 2 5.75% $4,941
ILLINOIS STATE CREDIT UNION 2 4.81% $2,581
Key Mortgage Services, Inc. 2 5.75% $3,059
LAKEVIEW LOAN SERVICING, LLC 2 5.13% $4,816
Morgan Stanley Private Bank 2 4.65% $3,905
MOVEMENT MORTGAGE, LLC 2 4.38% $3,285
Mutual Federal Bank 2 5.56% $5,394
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.81% $3,749
Pacor Mortgage Corp 2 5.94% $4,157
PARLAY MORTGAGE & PROPERTY, INC. 2 5.65% $4,339
ROYAL UNITED MORTGAGE LLC 2 4.63% $6,433
Servion, Inc. 2 6.06% $4,358
THE ANDERSON FINANCIAL GROUP, INC. 2 4.25% $2,735
USAA Federal Savings Bank 1 5.25% $3,677
Allied First Bank,sb 1 5.13% $4,714
NATIONS DIRECT MORTGAGE, LLC 1 3.00% $4,335
NATIONS RELIABLE LENDING, LLC 1 5.50% $3,837
First State Bank of St. Charles, Missouri 1 5.25% $3,657
First Midwest Bank 1 3.13% $3,117
DRAPER AND KRAMER MORTGAGE CORP. 1 5.25% $3,419
NUMARK CREDIT UNION 1 6.75% $3,298
DELMAR FINANCIAL COMPANY 1 5.88% $7,533
DAS Acquisition Company, LLC 1 4.75% $5,869
Citizens Bank 1 3.75% $2,795
VERIDIAN CREDIT UNION 1 4.00% $1,843
Paramount Bank 1 6.63% $2,578
Paramount Residential Mortgage Group, Inc. 1 5.50% $6,840
Vibrant Credit Union 1 3.63% $1,788
PENNYMAC LOAN SERVICES, LLC 1 2.87% $6,838
PENTAGON FEDERAL CREDIT UNION 1 5.38% $1,839
Citibank 1 4.88% $4,263
Plains Commerce Bank 1 6.50% $6,022
CIBM Bank 1 7.00% $3,784
Chicago Mortgage Solutions LLC 1 4.63% $5,297
Chicago Financial Services, Inc. 1 6.50% $4,101
PREMIA MORTGAGE, LLC 1 2.99% $0
CHERRY CREEK MORTGAGE, LLC 1 5.88% $675
Prosperity Home Mortgage, LLC 1 6.00% $3,480
PROVIDENT FUNDING ASSOCIATES, L.P. 1 5.63% $5,758
Century Mortgage Company DBA Century Lending Company 1 3.25% $3,623
Raymond James Bank 1 3.13% $1,968
Regions Bank 1 4.38% $3,272
ALLIANT CREDIT UNION 1 3.63% $6,143
Wyndham Capital Mortgage, Inc. 1 4.00% $2,772
SUN WEST MORTGAGE COMPANY, INC. 1 4.75% $4,363
21ST MORTGAGE CORPORATION 1 10.10% $4,111
Carrollton Bank 1 3.88% $2,195
Carrington Mortgage Services, LLC 1 4.50% $3,019
Busey Bank 1 3.13% $3,449
THRIVENT Federal Credit Union 1 5.13% $3,063
Truist 1 3.99% $2,611
INLANTA MORTGAGE, INC. 1 5.25% $3,747
Iroquois Federal Savings and Loan Association 1 6.88% $2,496
Hometown Lenders, Inc. 1 5.88% $5,622
UIF CORPORATION 1 4.75% $3,399
UNION HOME MORTGAGE CORP. 1 3.25% $4,141
Hickory Point Bank and Trust 1 5.38% $2,468
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $3,170
Ally Bank 1 5.25% $2,913
GERSHMAN INVESTMENT CORP. 1 4.63% $2,353
University of Wisconsin Credit Union 1 4.63% $2,630
GENEVA FINANCIAL, LLC 1 5.50% $3,192

Ottawa Average Closing Costs & Other Stats

Ottawa, IL's 132 lenders originated 2,646 loans during 2022. The total origination value was $366,280,000, with an average loan value of $138,428.

Ottawa's average closing costs are $3,566.

The top Ottawa lender as defined by loan originations is First State Bank, with 84 loans originated. Their average total fees are $1,859, which is $663 higher than the next largest lender, FINANCIAL PLUS.

The lowest fee Ottawa lenders (with over 10 loans originated) are FINANCIAL PLUS ($1,196), Central Bank Illinois ($1,683), First State Bank ($1,859), Community Mortgage Banc Corporation ($2,172) and First Federal Savings Bank ($2,265).

The lowest rate Ottawa lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (4.06%), FINANCIAL PLUS (4.45%), First State Bank (4.61%), Ottawa Savings Bank (4.84%) and Old Second National Bank (4.94%).

Ottawa, 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
First State Bank $52,885,000 $26,640,000 -49.6% 7.3%
QUICKEN LOANS, LLC $31,830,000 $21,260,000 -33.2% 5.8%
Ottawa Savings Bank $41,400,000 $20,275,000 -51.0% 5.5%
FINANCIAL PLUS $17,590,000 $16,590,000 -5.7% 4.5%
Wells Fargo Bank $21,810,000 $13,520,000 -38.0% 3.7%
Central Bank Illinois $26,095,000 $13,305,000 -49.0% 3.6%
GUARANTEED RATE, INC. $18,350,000 $12,915,000 -29.6% 3.5%
CALIBER HOME LOANS, INC. $25,410,000 $12,465,000 -50.9% 3.4%
The First National Bank of Ottawa $32,460,000 $12,330,000 -62.0% 3.4%
First Federal Savings Bank $26,095,000 $12,170,000 -53.4% 3.3%
Associated Bank $1,310,000 $7,200,000 449.6% 2.0%
Heartland Bank and Trust Company $12,375,000 $6,315,000 -49.0% 1.7%
FIRST CENTENNIAL MORTGAGE CORPORATION $8,530,000 $6,050,000 -29.1% 1.7%
JPMorgan Chase Bank $8,240,000 $5,640,000 -31.6% 1.5%
LOANDEPOT.COM, LLC $13,690,000 $5,435,000 -60.3% 1.5%
Midland States Bank $9,225,000 $5,220,000 -43.4% 1.4%
Community Mortgage Banc Corporation $6,770,000 $5,165,000 -23.7% 1.4%
Old Second National Bank $8,405,000 $5,115,000 -39.1% 1.4%
FIRST STATE MORTGAGE SERVICES, LLC $4,370,000 $5,045,000 15.4% 1.4%
Mortgage Research Center, LLC $8,620,000 $4,630,000 -46.3% 1.3%
First National Bank of Omaha $9,030,000 $4,435,000 -50.9% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $6,405,000 $3,815,000 -40.4% 1.0%
UNITED WHOLESALE MORTGAGE, LLC $6,120,000 $3,745,000 -38.8% 1.0%
Flagstar Bank, FSB $2,435,000 $3,570,000 46.6% 1.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $2,075,000 $3,470,000 67.2% 0.9%
COMPASS MORTGAGE, INC. $4,415,000 $3,455,000 -21.7% 0.9%
Streator Onized Credit Union $5,885,000 $3,400,000 -42.2% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $8,120,000 $3,325,000 -59.1% 0.9%
Old National Bank $3,190,000 n/a 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,670,000 $3,110,000 -15.3% 0.8%
Hometown National Bank $7,240,000 $3,040,000 -58.0% 0.8%
NAVY FEDERAL CREDIT UNION $1,905,000 $2,825,000 48.3% 0.8%
COMPEER FINANCIAL, FLCA $2,255,000 $2,795,000 23.9% 0.8%
Grundy Bank $7,505,000 $2,500,000 -66.7% 0.7%
PLAZA HOME MORTGAGE, INC. $4,920,000 $2,325,000 -52.7% 0.6%
U.S. Bank $5,055,000 $1,985,000 -60.7% 0.5%
HOME POINT FINANCIAL CORPORATION $2,865,000 $1,930,000 -32.6% 0.5%
AMERISAVE MORTGAGE CORPORATION $1,280,000 $1,915,000 49.6% 0.5%
Neighborhood Loans, Inc. $2,580,000 $1,830,000 -29.1% 0.5%
PNC Bank $785,000 $1,625,000 107.0% 0.4%
Kerndt Brothers Savings Bank $1,575,000 n/a 0.4%
United Community Bank $835,000 $1,540,000 84.4% 0.4%
PLANET HOME LENDING, LLC $1,785,000 $1,485,000 -16.8% 0.4%
The Federal Savings Bank $2,980,000 $1,475,000 -50.5% 0.4%
The Huntington National Bank $1,430,000 $1,450,000 1.4% 0.4%
NEWREZ LLC $3,545,000 $1,445,000 -59.2% 0.4%
FREEDOM MORTGAGE CORPORATION $9,125,000 $1,430,000 -84.3% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $4,120,000 $1,400,000 -66.0% 0.4%
Fifth Third Bank $1,860,000 $1,295,000 -30.4% 0.4%
PENNYMAC LOAN SERVICES, LLC $2,495,000 $1,245,000 -50.1% 0.3%
GUARANTEED RATE AFFINITY, LLC $940,000 $1,220,000 29.8% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,255,000 $1,175,000 -6.4% 0.3%
Flanagan State Bank $1,170,000 $1,165,000 -0.4% 0.3%
Bank of America $1,085,000 $1,160,000 6.9% 0.3%
USAA Federal Savings Bank $2,030,000 $1,160,000 -42.9% 0.3%
NEW DAY FINANCIAL, LLC $1,500,000 $1,035,000 -31.0% 0.3%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,260,000 $975,000 -22.6% 0.3%
FLAT BRANCH MORTGAGE, INC. $505,000 $915,000 81.2% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,065,000 $870,000 -18.3% 0.2%
CITIZENS EQUITY FIRST $885,000 $865,000 -2.3% 0.2%
AMERICAN FINANCING CORPORATION $975,000 $850,000 -12.8% 0.2%
BMO Harris Bank $910,000 $845,000 -7.1% 0.2%
Servion, Inc. $1,610,000 $810,000 -49.7% 0.2%
I. H. MISSISSIPPI VALLEY CREDIT UNION $180,000 $785,000 336.1% 0.2%
Barrington Bank & Trust Company, N.A. $2,085,000 $770,000 -63.1% 0.2%
Morton Community Bank $1,400,000 $765,000 -45.4% 0.2%
Century Mortgage Company DBA Century Lending Company $730,000 n/a 0.2%
BROKER SOLUTIONS, INC. $1,935,000 $720,000 -62.8% 0.2%
Mutual Federal Bank $1,410,000 $690,000 -51.1% 0.2%
THE ANDERSON FINANCIAL GROUP, INC. $1,505,000 $665,000 -55.8% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $660,000 n/a 0.2%
BLUELEAF LENDING, LLC $1,570,000 $650,000 -58.6% 0.2%
Bank of Pontiac $605,000 $635,000 5.0% 0.2%
Hometown Lenders, Inc. $620,000 $630,000 1.6% 0.2%
EMM LOANS LLC $625,000 n/a 0.2%
First American Bank $470,000 $625,000 33.0% 0.2%
HOMESIDE FINANCIAL, LLC $2,895,000 $600,000 -79.3% 0.2%
Carrington Mortgage Services, LLC $995,000 $580,000 -41.7% 0.2%
UNION HOME MORTGAGE CORP. $350,000 $580,000 65.7% 0.2%
Busey Bank $570,000 n/a 0.2%
MOVEMENT MORTGAGE, LLC $275,000 $555,000 101.8% 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,780,000 $515,000 -71.1% 0.1%
ZILLOW HOME LOANS, LLC $320,000 $515,000 60.9% 0.1%
Holcomb Bank $405,000 $505,000 24.7% 0.1%
CMG MORTGAGE, INC. $1,530,000 $495,000 -67.6% 0.1%
FIRST NORTHERN Credit Union $490,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $2,530,000 $485,000 -80.8% 0.1%
Chicago Mortgage Solutions LLC $205,000 $485,000 136.6% 0.1%
AmeriHome Mortgage Company, LLC $280,000 $475,000 69.6% 0.1%
INLANTA MORTGAGE, INC. $595,000 $475,000 -20.2% 0.1%
Allied First Bank,sb $1,450,000 $440,000 -69.7% 0.1%
NATIONS DIRECT MORTGAGE, LLC $85,000 $435,000 411.8% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $1,580,000 $400,000 -74.7% 0.1%
Morgan Stanley Private Bank $400,000 n/a 0.1%
Pacor Mortgage Corp $585,000 $400,000 -31.6% 0.1%
Raymond James Bank $395,000 n/a 0.1%
First Savings Bank $390,000 n/a 0.1%
Ipava State Bank $390,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $390,000 n/a 0.1%
PARLAY MORTGAGE & PROPERTY, INC. $825,000 $380,000 -53.9% 0.1%
Citizens Bank $320,000 $375,000 17.2% 0.1%
CHERRY CREEK MORTGAGE, LLC $1,025,000 $370,000 -63.9% 0.1%
Chicago Financial Services, Inc. $355,000 n/a 0.1%
Farmers National Bank $880,000 $355,000 -59.7% 0.1%
MidAmerica National Bank $345,000 n/a 0.1%
BAY EQUITY LLC $330,000 $330,000 0.0% 0.1%
Peoples Bank $750,000 $325,000 -56.7% 0.1%
Vibrant Credit Union $400,000 $315,000 -21.3% 0.1%
Paramount Residential Mortgage Group, Inc. $510,000 $310,000 -39.2% 0.1%
American Airlines Federal Credit Union $95,000 $305,000 221.1% 0.1%
NUMARK CREDIT UNION $1,065,000 $305,000 -71.4% 0.1%
PREMIA MORTGAGE, LLC $380,000 $305,000 -19.7% 0.1%
ILLINOIS STATE CREDIT UNION $260,000 $295,000 13.5% 0.1%
Prosperity Home Mortgage, LLC $285,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $215,000 $280,000 30.2% 0.1%
CIBM Bank $185,000 $275,000 48.6% 0.1%
Figure Lending LLC $150,000 $270,000 80.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $650,000 $270,000 -58.5% 0.1%
Regions Bank $95,000 $270,000 184.2% 0.1%
Colten Mortgage, LLC $250,000 $265,000 6.0% 0.1%
Truist $205,000 $265,000 29.3% 0.1%
TEMPLE VIEW CAPITAL FUNDING, LP $260,000 n/a 0.1%
Discover Bank $165,000 $255,000 54.5% 0.1%
GSF Mortgage Corporation $255,000 n/a 0.1%
Iroquois Federal Savings and Loan Association $75,000 $250,000 233.3% 0.1%
CIVIC FINANCIAL SERVICES, LLC $245,000 n/a 0.1%
GREENSTATE CREDIT UNION $160,000 $245,000 53.1% 0.1%
Hickory Point Bank and Trust $45,000 $245,000 444.4% 0.1%
ALLIANT CREDIT UNION $240,000 n/a 0.1%
Key Mortgage Services, Inc. $2,350,000 $240,000 -89.8% 0.1%
Commerce Bank $225,000 n/a 0.1%
Merchants and Manufacturers Bank $225,000 n/a 0.1%
DAS Acquisition Company, LLC $135,000 $220,000 63.0% 0.1%
Ixonia Bank $145,000 $220,000 51.7% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,080,000 $220,000 -79.6% 0.1%
Ameris Bank $215,000 n/a 0.1%
Central Federal Savings and Loan Association $205,000 n/a 0.1%
First State Bank of Bloomington $205,000 n/a 0.1%
LADERA LENDING, INC. $205,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $115,000 $205,000 78.3% 0.1%
First Trust Bank of Illinois $45,000 $200,000 344.4% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $85,000 $200,000 135.3% 0.1%
First Guaranty Mortgage Corporation $525,000 $190,000 -63.8% 0.1%
Commerce Home Mortgage, Inc. $185,000 n/a 0.1%
Citadel Servicing Corporation $175,000 n/a 0.0%
GAS AND ELECTRIC CREDIT UNION $175,000 n/a 0.0%
21ST MORTGAGE CORPORATION $175,000 $170,000 -2.9% 0.0%
SIRVA MORTGAGE, INC. $165,000 n/a 0.0%
UIF CORPORATION $165,000 n/a 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $355,000 $155,000 -56.3% 0.0%
FNBC Bank & Trust $245,000 $155,000 -36.7% 0.0%
LIMA ONE CAPITAL, LLC $155,000 n/a 0.0%
RAPID MORTGAGE COMPANY $155,000 n/a 0.0%
University of Wisconsin Credit Union $155,000 n/a 0.0%
Orion Federal Credit Union $150,000 n/a 0.0%
AMERICAN ADVISORS GROUP $220,000 $145,000 -34.1% 0.0%
BANKORION $145,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $145,000 $145,000 0.0% 0.0%
Plains Commerce Bank $145,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $130,000 $145,000 11.5% 0.0%
The First National Bank and Trust Company $145,000 n/a 0.0%
Town & Country Banc Mortgage Services, Inc. $1,050,000 $145,000 -86.2% 0.0%
THRIVENT Federal Credit Union $140,000 n/a 0.0%
Bank of England $405,000 $135,000 -66.7% 0.0%
First State Bank of St. Charles, Missouri $135,000 n/a 0.0%
State Bank of Graymont $240,000 $130,000 -45.8% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $125,000 n/a 0.0%
Better Banks $65,000 $125,000 92.3% 0.0%
Carrollton Bank $125,000 n/a 0.0%
Hometown Equity Mortgage, LLC $240,000 $125,000 -47.9% 0.0%
Illiana Financial Credit Union $125,000 n/a 0.0%
Deere Employees Credit Union $390,000 $120,000 -69.2% 0.0%
INLAND BANK & TRUST $1,000,000 $120,000 -88.0% 0.0%
DELMAR FINANCIAL COMPANY $115,000 n/a 0.0%
First Option Mortgage, LLC $95,000 $115,000 21.1% 0.0%
Illinois Community Credit Unio $115,000 n/a 0.0%
SENB Bank $115,000 n/a 0.0%
First Midwest Bank $10,510,000 $110,000 -99.0% 0.0%
Citibank $105,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $105,000 $105,000 0.0% 0.0%
POLISH & SLAVIC FEDERAL CREDIT UNION $105,000 n/a 0.0%
Ally Bank $135,000 $95,000 -29.6% 0.0%
National Bank of St. Anne $95,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $95,000 n/a 0.0%
SPRING EQ, LLC $165,000 $90,000 -45.5% 0.0%
Union Federal Savings and Loan Association $25,000 $90,000 260.0% 0.0%
Mid-Continent Funding, Inc. $185,000 $85,000 -54.1% 0.0%
Paramount Bank $135,000 $85,000 -37.0% 0.0%
VERIDIAN CREDIT UNION $85,000 $85,000 0.0% 0.0%
GENEVA FINANCIAL, LLC $75,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $735,000 $75,000 -89.8% 0.0%
Bankers' Bank $65,000 n/a 0.0%
Citywide Banks $65,000 n/a 0.0%
DUPACO COMMUNITY $125,000 $65,000 -48.0% 0.0%
INB $335,000 $65,000 -80.6% 0.0%
Low VA Rates, LLC $65,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $65,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $55,000 n/a 0.0%
HealthCare Associates Credit Union $55,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $375,000 $55,000 -85.3% 0.0%
ATLANTA POSTAL $45,000 n/a 0.0%
GERSHMAN INVESTMENT CORP. $45,000 n/a 0.0%
Union Savings Bank $45,000 n/a 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $35,000 n/a 0.0%
First State Bank of Forrest $125,000 $35,000 -72.0% 0.0%
GREAT LAKES $55,000 $35,000 -36.4% 0.0%
PHH Mortgage Corporation $115,000 $35,000 -69.6% 0.0%
Sauk Valley Bank & Trust Company $165,000 $35,000 -78.8% 0.0%
TRIAD FINANCIAL SERVICES, INC. $115,000 $35,000 -69.6% 0.0%
APCI Federal Credit Union $25,000 n/a 0.0%
EVERENCE FEDERAL CREDIT UNION $25,000 n/a 0.0%
Goodfield State Bank $165,000 $15,000 -90.9% 0.0%

Ottawa's top lender by overall market share is First State Bank, with 7.3% market share. In second place, with 5.8%, is QUICKEN LOANS, LLC, having originated $21,260,000 in loans. In third place, with 5.5%, is Ottawa Savings Bank, having originated $20,275,000 in loans. In fourth place, with 4.5%, is FINANCIAL PLUS, having originated $16,590,000 in loans. In fifth place, with 3.7%, is Wells Fargo Bank, having originated $13,520,000 in loans.

Ottawa, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,653 $254,535,000 $153,984
Cash Out Refi 381 $51,905,000 $136,234
Refi 360 $43,580,000 $121,056
Other 142 $8,510,000 $59,930
Home Improvement 110 $7,750,000 $70,455

Ottawa's most frequently cited loan purpose was Home Purchase, with 1,653 originations. The 2nd most popular reason was Cash Out Refi, with 381 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 663 $93,785,000 $141,456
4-5% 549 $83,495,000 $152,086
3-4% 492 $76,700,000 $155,894
6-7% 329 $42,165,000 $128,161
2.5-3% 98 $14,510,000 $148,061
<2.5% 91 $8,035,000 $88,297
7-8% 84 $11,360,000 $135,238
Over 8% 29 $1,965,000 $67,759

During 2022, Ottawa's most frequently originated rate bucket was 5-6%, with 663 originations.

Loan Sizing (Ottawa, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,114 $68,700,000 $61,670
$100k-200k 1,039 $145,905,000 $140,428
$200k-400k 429 $113,185,000 $263,834
$400k-600k 55 $25,755,000 $468,273
$600k-1000k 6 $4,190,000 $698,333
$Over $1MM 3 $8,545,000 $2,848,333

Ottawa's loan sizing saw the bucket of loans from $100,000 or less with 1,114 originations, totaling $68,700,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,151 $184,195,000 $160,030
60-80% 643 $92,385,000 $143,678
40-60% 223 $33,995,000 $152,444
20-40% 154 $12,020,000 $78,052
Under 20% 145 $5,005,000 $34,517
Over 100% 13 $2,785,000 $214,231

Ottawa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,151 originations, totaling $184,195,000 in origination value.