Ottawa Mortgage Rates

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

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%
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 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
First State Bank 169 3.20% $2,122
The First National Bank of Ottawa 156 3.01% $2,231
Ottawa Savings Bank 143 3.10% $2,470
FINANCIAL PLUS 97 3.39% $1,159
Central Bank Illinois 85 3.20% $1,492
First Federal Savings Bank 84 3.11% $2,016
QUICKEN LOANS, LLC 70 3.21% $4,342
Wells Fargo Bank 67 3.20% $2,480
CALIBER HOME LOANS, INC. 63 3.12% $3,628
Heartland Bank and Trust Company 61 3.30% $2,231
GUARANTEED RATE, INC. 51 3.12% $3,212
Community Mortgage Banc Corporation 44 3.48% $2,048
First Midwest Bank 41 3.10% $2,836
JPMorgan Chase Bank 29 3.02% $3,407
Old Second National Bank 26 3.38% $2,683
FIRST CENTENNIAL MORTGAGE CORPORATION 26 3.07% $3,136
LOANDEPOT.COM, LLC 24 3.18% $3,525
First National Bank of Omaha 24 3.11% $2,550
Grundy Bank 20 3.21% $2,037
COMPASS MORTGAGE, INC. 19 3.09% $3,679
Midland States Bank 18 3.49% $3,176
UNITED WHOLESALE MORTGAGE, LLC 16 3.15% $4,171
Mr. Cooper ( Nationstar Mortgage ) 13 3.38% $4,112
U.S. Bank 13 3.18% $2,749
CROSSCOUNTRY MORTGAGE, LLC 12 3.29% $3,482
MUTUAL OF OMAHA MORTGAGE, INC. 11 3.07% $3,662
PLAZA HOME MORTGAGE, INC. 10 3.44% $4,156
HOMESIDE FINANCIAL, LLC 10 3.19% $2,747
Neighborhood Loans, Inc. 9 3.28% $3,288
Key Mortgage Services, Inc. 8 3.19% $4,304
Barrington Bank & Trust Company, N.A. 8 3.22% $3,409
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.29% $3,316
HOME POINT FINANCIAL CORPORATION 8 3.06% $3,094
Fifth Third Bank 7 3.21% $3,172
AMERICAN PACIFIC MORTGAGE CORPORATION 7 3.38% $3,720
BLUELEAF LENDING, LLC 7 2.93% $2,575
PLANET HOME LENDING, LLC 6 2.96% $2,137
NEWREZ LLC 5 3.47% $3,728
Town & Country Banc Mortgage Services, Inc. 5 3.66% $2,432
BETTER MORTGAGE CORPORATION 5 3.23% $4,449
CITIZENS EQUITY FIRST 5 3.30% $2,147
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 3.28% $4,472
NUMARK CREDIT UNION 5 2.73% $2,970
Mutual Federal Bank 5 2.90% $3,146
INLAND BANK & TRUST 5 3.45% $4,189
FIRST STATE MORTGAGE SERVICES, LLC 5 3.60% $3,405
Flagstar Bank, FSB 5 3.22% $4,006
CHERRY CREEK MORTGAGE, LLC 4 3.28% $498
First Federal Bank 4 3.16% $2,648
PENNYMAC LOAN SERVICES, LLC 4 3.78% $4,427
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.37% $4,240
The Federal Savings Bank 4 3.16% $3,410
The Huntington National Bank 4 3.25% $2,154
AMERISAVE MORTGAGE CORPORATION 4 3.03% $7,254
DRAPER AND KRAMER MORTGAGE CORP. 4 3.09% $3,998
Flanagan State Bank 4 3.25% $1,201
COMPEER FINANCIAL, FLCA 4 3.94% $3,940
Peoples Bank 3 2.83% $3,225
AMERICAN FINANCING CORPORATION 3 3.04% $3,980
Associated Bank 3 3.33% $3,609
BMO Harris Bank 3 3.21% $3,393
BROKER SOLUTIONS, INC. 3 3.66% $4,197
CMG MORTGAGE, INC. 3 3.58% $4,298
Morton Community Bank 3 3.13% $2,534
PARLAY MORTGAGE & PROPERTY, INC. 3 3.16% $5,143
Allied First Bank,sb 3 2.79% $5,515
PNC Bank 3 3.21% $2,197
Servion, Inc. 3 3.46% $4,085
THE ANDERSON FINANCIAL GROUP, INC. 3 2.96% $3,396
United Community Bank 3 3.13% $1,622
LAKEVIEW LOAN SERVICING, LLC 2 3.07% $1,676
Marquette Bank 2 2.94% $2,779
Pacor Mortgage Corp 2 3.38% $3,648
Paramount Residential Mortgage Group, Inc. 2 2.94% $4,187
Hometown Lenders, Inc. 2 3.12% $3,262
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 3.06% $3,128
First Guaranty Mortgage Corporation 2 3.19% $3,956
Deere Employees Credit Union 2 3.19% $3,813
UNION HOME MORTGAGE CORP. 2 3.25% $4,867
ZILLOW HOME LOANS, LLC 2 3.75% $3,577
UNITED HOME LOANS, INC. 2 2.97% $2,964
GREENSTATE CREDIT UNION 2 3.69% $1,860
GUARANTEED RATE AFFINITY, LLC 2 3.00% $1,858
NexBank 2 2.94% $4,159
Carrington Mortgage Services, LLC 2 3.19% $2,964
Vibrant Credit Union 2 3.38% $2,151
Midwest Community Bank 2 2.75% $3,314
DuPage Credit Union 2 3.13% $2,073
Discover Bank 1 5.49% $0
NAVY FEDERAL CREDIT UNION 1 2.75% $8,323
NBKC BANK 1 3.00% $1,600
Network Funding, L.P. 1 3.50% $4,075
North American Savings Bank, F.S.B. 1 2.88% $1,436
Colten Mortgage, LLC 1 3.88% $4,748
CIBC Bank USA 1 3.25% $4,963
Chicago Mortgage Solutions LLC 1 2.75% $2,709
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 3.50% $4,175
CELEBRITY HOME LOANS, LLC 1 3.38% $3,453
PENTAGON FEDERAL CREDIT UNION 1 3.00% $1,103
VERIDIAN CREDIT UNION 1 2.75% $2,700
CBI Bank & Trust 1 3.13% $2,776
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $2,613
PROPER RATE, LLC 1 3.13% $5,316
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.50% $3,136
BLACK HILLS FEDERAL CREDIT UNION 1 2.75% $5,455
Regions Bank 1 3.75% $2,672
RESIDENTIAL BANCORP. 1 2.99% $3,533
RUOFF MORTGAGE COMPANY, INC. 1 3.25% $3,891
S1L, Inc. 1 3.38% $3,706
Waterstone Mortgage Corporation 1 2.88% $5,088
SOFI LENDING CORP. 1 3.00% $2,292
SPRING EQ, LLC 1 2.50% $0
SUN WEST MORTGAGE COMPANY, INC. 1 3.63% $3,233
T2 FINANCIAL LLC 1 2.88% $3,213
Ally Bank 1 3.13% $3,168
BAY EQUITY LLC 1 2.88% $2,288
Bank of Pontiac 1 3.50% $2,766
The Home Loan Expert LLC 1 2.99% $4,591
Bank of America 1 2.88% $5,384
Third Federal Savings and Loan Association of Cleveland 1 2.79% $0
TOGETHER CREDIT UNION 1 2.50% $5,661
Auto Club Trust, FSB 1 3.13% $5,049
Truist Bank 1 2.99% $2,755
Tyndall Federal Credit Union 1 3.25% $1,912
Goodfield State Bank 1 2.75% $1,766
GMFS LLC 1 3.63% $3,714
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.00% $4,205
FREEDOM MORTGAGE CORPORATION 1 3.25% $1,234
HOMESTEAD FUNDING CORP. 1 2.63% $2,846
FLAT BRANCH MORTGAGE, INC. 1 3.38% $2,349
IAA Credit Union 1 3.00% $1,305
INB 1 3.13% $2,991
First Option Mortgage, LLC 1 3.75% $3,825
INLANTA MORTGAGE, INC. 1 3.63% $5,127
InterContinental Capital Group, Inc 1 3.50% $3,171
First American Bank 1 3.13% $3,172
KS StateBank 1 2.75% $3,049
LENDSURE MORTGAGE CORP. 1 4.75% $9,923
LIBERTY HOME MORTGAGE CORPORATION 1 3.38% $3,406
FBC MORTGAGE, LLC 1 2.99% $3,543
MEMBER FIRST MORTGAGE, LLC 1 3.25% $2,786
ENDEAVOR CAPITAL, LLC. 1 3.13% $2,806
Midwest Heritage Bank FSB 1 3.13% $3,013
MLD MORTGAGE INC. 1 3.50% $3,968
MORIA DEVELOPMENT, INC. 1 3.38% $5,296
ANGEL OAK HOME LOANS LLC 1 4.63% $4,130
EMBRACE HOME LOANS, INC. 1 2.88% $3,186

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.