PEORIA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Peoria averaged
6.99%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.12% and
one month ago for the week of 2025-05-15, the
average rate was 6.89%.
Peoria's average rate one year ago was 7.13%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.76%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Peoria 30 Year Fixed Rate | 2025-06-18 | 6.99% |
| Peoria 30 Year Fixed Rate Refi | 2025-06-18 | 6.76% |
| Peoria 15 Year Fixed Rate | 2025-06-18 | 6.23% |
| Peoria 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Peoria 30 Year FHA | 2025-06-18 | 0.11% |
| Peoria 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Peoria 30 Year USDA | 2025-06-18 | -0.1% |
| Peoria 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Peoria 30 Year VA | 2025-06-18 | 0.39% |
| Peoria 30 Year VA Refi | 2025-06-18 | -0.61% |
PEORIA 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 PEORIA, 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.).
PEORIA Average Closing Costs & Other Stats
PEORIA, IL's 143 lenders originated 7,641
loans during 2024. The total origination value was $1,131,475,000, with an average loan value of
$148,079.
PEORIA's average closing costs are $3,189.
The top PEORIA lender as defined by loan originations is CITIZENS EQUITY FIRST, with
669 loans originated. Their average total fees are
$1,402, which is $1,593
lower than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee PEORIA lenders (with over 10 loans originated) are
CITIZENS EQUITY FIRST ($1,402), Fortress Bank ($2,101), Heartland Bank and Trust Company ($2,126), Morton Community Bank ($2,149) and JPMorgan Chase Bank ($2,228).
The lowest rate PEORIA lenders (with over 10 loans originated) are
Community Mortgage Banc Corporation (6.40%), First Mid Bank & Trust (6.49%), PROVIDENT FUNDING ASSOCIATES, L.P. (6.53%), CITIZENS EQUITY FIRST (6.56%) and Fortress Bank (6.58%).
PEORIA, 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 |
|---|---|---|---|---|
| CITIZENS EQUITY FIRST | $158,600,000 | $206,855,000 | 30.4% | 18.3% |
| FLAT BRANCH MORTGAGE, INC. | $96,525,000 | $111,775,000 | 15.8% | 9.9% |
| Morton Community Bank | $95,555,000 | $86,545,000 | -9.4% | 7.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $47,860,000 | $52,740,000 | 10.2% | 4.7% |
| U.S. Bank | $9,325,000 | $45,275,000 | 385.5% | 4.0% |
| QUICKEN LOANS, LLC | $25,320,000 | $43,160,000 | 70.5% | 3.8% |
| MLD MORTGAGE INC. | $41,240,000 | n/a | 3.6% | |
| Goodfield State Bank | $24,120,000 | $33,460,000 | 38.7% | 3.0% |
| Mortgage Research Center, LLC | $23,100,000 | $30,885,000 | 33.7% | 2.7% |
| INB | $25,320,000 | $25,190,000 | -0.5% | 2.2% |
| PNC Bank | $19,770,000 | $22,160,000 | 12.1% | 2.0% |
| NEWREZ LLC | $35,005,000 | $21,720,000 | -38.0% | 1.9% |
| FIRST STATE MORTGAGE SERVICES, LLC | $22,865,000 | $20,705,000 | -9.4% | 1.8% |
| Better Banks | $3,360,000 | $19,170,000 | 470.5% | 1.7% |
| Fortress Bank | $29,600,000 | $17,255,000 | -41.7% | 1.5% |
| JPMorgan Chase Bank | $10,305,000 | $15,950,000 | 54.8% | 1.4% |
| First Mid Bank & Trust | $1,740,000 | $14,960,000 | 759.8% | 1.3% |
| CBI Bank & Trust | $21,375,000 | $14,070,000 | -34.2% | 1.2% |
| Busey Bank | $12,170,000 | $11,860,000 | -2.5% | 1.0% |
| MidAmerica National Bank | $9,030,000 | $10,905,000 | 20.8% | 1.0% |
| BROKER SOLUTIONS, INC. | $6,150,000 | $10,135,000 | 64.8% | 0.9% |
| LEADERONE FINANCIAL CORPORATION | $12,080,000 | $9,310,000 | -22.9% | 0.8% |
| Citibank | $8,925,000 | n/a | 0.8% | |
| CIBM Bank | $8,215,000 | $7,605,000 | -7.4% | 0.7% |
| COMPEER FINANCIAL, FLCA | $6,380,000 | $7,475,000 | 17.2% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,005,000 | $7,445,000 | 85.9% | 0.7% |
| The Huntington National Bank | $4,675,000 | $7,355,000 | 57.3% | 0.7% |
| Flanagan State Bank | $7,235,000 | $6,840,000 | -5.5% | 0.6% |
| Commerce Bank | $7,610,000 | $6,305,000 | -17.1% | 0.6% |
| Heartland Bank and Trust Company | $8,000,000 | $6,255,000 | -21.8% | 0.6% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,885,000 | $6,235,000 | 27.6% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $1,385,000 | $5,820,000 | 320.2% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $2,480,000 | $5,710,000 | 130.2% | 0.5% |
| Wells Fargo Bank | $7,330,000 | $5,685,000 | -22.4% | 0.5% |
| USAA Federal Savings Bank | $3,670,000 | $5,675,000 | 54.6% | 0.5% |
| Ipava State Bank | $6,485,000 | $5,635,000 | -13.1% | 0.5% |
| Bank of Farmington | $5,385,000 | $5,080,000 | -5.7% | 0.4% |
| First National Bank in Tremont | $3,515,000 | $4,095,000 | 16.5% | 0.4% |
| LOANDEPOT.COM, LLC | $3,860,000 | $4,010,000 | 3.9% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $6,170,000 | $4,010,000 | -35.0% | 0.4% |
| TOWNE MORTGAGE COMPANY | $425,000 | $3,845,000 | 804.7% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,055,000 | $3,580,000 | -67.6% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $1,420,000 | $3,465,000 | 144.0% | 0.3% |
| First State Bank of Forrest | $2,405,000 | $2,870,000 | 19.3% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $595,000 | $2,760,000 | 363.9% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $795,000 | $2,755,000 | 246.5% | 0.2% |
| Central Bank Illinois | $470,000 | $2,670,000 | 468.1% | 0.2% |
| Bank of America | $845,000 | $2,585,000 | 205.9% | 0.2% |
| GUARANTEED RATE, INC. | $3,125,000 | $2,515,000 | -19.5% | 0.2% |
| Midwest Bank | $1,300,000 | $2,400,000 | 84.6% | 0.2% |
| LAKE MICHIGAN CREDIT UNION | $450,000 | $2,375,000 | 427.8% | 0.2% |
| Community Partners Savings Bank | $2,205,000 | $2,355,000 | 6.8% | 0.2% |
| Discover Bank | $1,225,000 | $2,265,000 | 84.9% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,300,000 | $2,250,000 | 73.1% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,430,000 | $2,240,000 | 56.6% | 0.2% |
| Community Mortgage Banc Corporation | $1,910,000 | $2,190,000 | 14.7% | 0.2% |
| GUIDANCE RESIDENTIAL, LLC | $1,565,000 | $1,965,000 | 25.6% | 0.2% |
| Ixonia Bank | $1,560,000 | $1,955,000 | 25.3% | 0.2% |
| Flagstar Bank, FSB | $1,440,000 | $1,850,000 | 28.5% | 0.2% |
| Carrington Mortgage Services, LLC | $1,145,000 | $1,845,000 | 61.1% | 0.2% |
| POINT Mortgage | $1,790,000 | n/a | 0.2% | |
| S1L, Inc. | $1,765,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $340,000 | $1,760,000 | 417.6% | 0.2% |
| Equity Prime Mortgage LLC | $1,715,000 | n/a | 0.2% | |
| BMO Harris Bank | $2,705,000 | $1,700,000 | -37.2% | 0.2% |
| GUILD MORTGAGE COMPANY | $2,705,000 | $1,695,000 | -37.3% | 0.1% |
| STATE BANK OFTOULON | $1,385,000 | $1,695,000 | 22.4% | 0.1% |
| CMG MORTGAGE, INC. | $370,000 | $1,675,000 | 352.7% | 0.1% |
| Bank of Pontiac | $1,885,000 | $1,615,000 | -14.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,955,000 | $1,590,000 | -18.7% | 0.1% |
| COMPASS MORTGAGE, INC. | $4,780,000 | $1,590,000 | -66.7% | 0.1% |
| Regions Bank | $3,740,000 | $1,590,000 | -57.5% | 0.1% |
| Bank of Springfield | $690,000 | $1,575,000 | 128.3% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $590,000 | $1,540,000 | 161.0% | 0.1% |
| COMMUNITY STATE BANK | $1,470,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $715,000 | $1,460,000 | 104.2% | 0.1% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $1,580,000 | $1,445,000 | -8.5% | 0.1% |
| United Community Bank | $1,650,000 | $1,400,000 | -15.2% | 0.1% |
| Prairie State Bank and Trust | $5,045,000 | $1,340,000 | -73.4% | 0.1% |
| Coastal Community Bank | $780,000 | $1,325,000 | 69.9% | 0.1% |
| First State Bank | $930,000 | $1,300,000 | 39.8% | 0.1% |
| Starion Bank | $1,300,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $780,000 | $1,230,000 | 57.7% | 0.1% |
| DAS Acquisition Company, LLC | $965,000 | $1,215,000 | 25.9% | 0.1% |
| Redbrand Credit Union | $1,405,000 | $1,195,000 | -14.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $355,000 | $1,185,000 | 233.8% | 0.1% |
| The First National Bank of Ottawa | $250,000 | $1,130,000 | 352.0% | 0.1% |
| Union Federal Savings and Loan Association | $80,000 | $1,120,000 | 1,300.0% | 0.1% |
| AMERICAN FINANCE HOUSE LARIBA | $1,085,000 | n/a | 0.1% | |
| GREENSTATE CREDIT UNION | $1,370,000 | $1,085,000 | -20.8% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $305,000 | $1,030,000 | 237.7% | 0.1% |
| Figure Lending LLC | $915,000 | $1,025,000 | 12.0% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $1,735,000 | $1,010,000 | -41.8% | 0.1% |
| Fifth Third Bank | $2,600,000 | $1,005,000 | -61.3% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $255,000 | $965,000 | 278.4% | 0.1% |
| Associated Bank | $975,000 | $935,000 | -4.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $890,000 | $915,000 | 2.8% | 0.1% |
| Ottawa Savings Bank | $275,000 | $895,000 | 225.5% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $2,110,000 | $865,000 | -59.0% | 0.1% |
| Citizens Bank | $110,000 | $830,000 | 654.5% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $590,000 | $825,000 | 39.8% | 0.1% |
| NBKC BANK | $630,000 | $825,000 | 31.0% | 0.1% |
| Petefish, Skiles & Co. | $1,475,000 | $825,000 | -44.1% | 0.1% |
| ILLINOIS STATE CREDIT UNION | $1,200,000 | $800,000 | -33.3% | 0.1% |
| 21ST MORTGAGE CORPORATION | $680,000 | $785,000 | 15.4% | 0.1% |
| First Federal Savings and Loan Association of Lakewood | $965,000 | $735,000 | -23.8% | 0.1% |
| Ally Bank | $1,170,000 | $730,000 | -37.6% | 0.1% |
| The Central Trust Bank | $685,000 | $710,000 | 3.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,510,000 | $705,000 | -53.3% | 0.1% |
| Morgan Stanley Private Bank | $1,690,000 | $690,000 | -59.2% | 0.1% |
| Deere Employees Credit Union | $515,000 | $675,000 | 31.1% | 0.1% |
| Baxter Credit Union | $420,000 | $655,000 | 56.0% | 0.1% |
| CARDINAL FINANCIAL | $805,000 | $620,000 | -23.0% | 0.1% |
| Hickory Point Bank and Trust | $440,000 | $620,000 | 40.9% | 0.1% |
| DIGNIFIED HOME LOANS, LLC | $125,000 | $615,000 | 392.0% | 0.1% |
| Old National Bank | $695,000 | $600,000 | -13.7% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $585,000 | n/a | 0.1% | |
| Bank of England | $585,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $720,000 | $585,000 | -18.8% | 0.1% |
| LIMA ONE CAPITAL, LLC | $255,000 | $575,000 | 125.5% | 0.1% |
| IAA Credit Union | $875,000 | $570,000 | -34.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $230,000 | $550,000 | 139.1% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $320,000 | $550,000 | 71.9% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $170,000 | $530,000 | 211.8% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $655,000 | $515,000 | -21.4% | 0.0% |
| Mid-Continent Funding, Inc. | $620,000 | $515,000 | -16.9% | 0.0% |
| Pacor Mortgage Corp | $105,000 | $510,000 | 385.7% | 0.0% |
| Cornerstone First Mortgage, Inc | $490,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $490,000 | n/a | 0.0% | |
| Havana National Bank | $1,540,000 | $470,000 | -69.5% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $135,000 | $470,000 | 248.1% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $245,000 | $465,000 | 89.8% | 0.0% |
| First Savings Bank | $465,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $450,000 | n/a | 0.0% | |
| Midland States Bank | $4,625,000 | $425,000 | -90.8% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $315,000 | $405,000 | 28.6% | 0.0% |
| Streator Onized Credit Union | $140,000 | $405,000 | 189.3% | 0.0% |
| UNION HOME MORTGAGE CORP. | $475,000 | $400,000 | -15.8% | 0.0% |
| Financial Federal Bank | $395,000 | n/a | 0.0% | |
| Alliance Community Bank | $375,000 | $390,000 | 4.0% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $175,000 | $385,000 | 120.0% | 0.0% |
| AmeriHome Mortgage Company, LLC | $105,000 | $380,000 | 261.9% | 0.0% |
| Charles Schwab Bank, SSB | $375,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $375,000 | n/a | 0.0% | |
| Crystal Lake Bank and Trust | $375,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $105,000 | $370,000 | 252.4% | 0.0% |
| First Federal Savings Bank | $270,000 | $370,000 | 37.0% | 0.0% |
| THOMPSON KANE & COMPANY, LLC | $365,000 | n/a | 0.0% | |
| Grundy Bank | $75,000 | $350,000 | 366.7% | 0.0% |
| Citadel Servicing Corporation | $335,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $335,000 | n/a | 0.0% | |
| First Federal Bank | $285,000 | $330,000 | 15.8% | 0.0% |
| TIB The Independent Bankersbank | $95,000 | $330,000 | 247.4% | 0.0% |
| CONSUMERS COOPERATIVE CREDIT UNION | $325,000 | n/a | 0.0% | |
| Hinsdale Bank & Trust Company | $325,000 | n/a | 0.0% | |
| Dieterich Bank | $315,000 | n/a | 0.0% | |
| Liberty Bank and Trust Company | $295,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $275,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $215,000 | $275,000 | 27.9% | 0.0% |
| Peoples National Bank of Kewanee | $470,000 | $270,000 | -42.6% | 0.0% |
| The Loan Store, Inc. | $270,000 | n/a | 0.0% | |
| Iroquois Federal Savings and Loan Association | $1,255,000 | $260,000 | -79.3% | 0.0% |
| NexBank | $260,000 | n/a | 0.0% | |
| GMFS LLC | $255,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $255,000 | n/a | 0.0% | |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $250,000 | n/a | 0.0% | |
| State Bank of Graymont | $240,000 | n/a | 0.0% | |
| Blue Ridge Bank | $235,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| Northpointe Bank | $175,000 | $235,000 | 34.3% | 0.0% |
| UIF CORPORATION | $605,000 | $235,000 | -61.2% | 0.0% |
| Mid-Illini Credit Union | $230,000 | n/a | 0.0% | |
| Old Second National Bank | $230,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $250,000 | $230,000 | -8.0% | 0.0% |
| FINANCIAL PLUS | $215,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $55,000 | $215,000 | 290.9% | 0.0% |
| MLB RESIDENTIAL LENDING, LLC | $205,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $195,000 | n/a | 0.0% | |
| Credence Funding Corporation | $195,000 | n/a | 0.0% | |
| Key Mortgage Services, Inc. | $435,000 | $195,000 | -55.2% | 0.0% |
| LADERA LENDING, INC. | $195,000 | n/a | 0.0% | |
| OCMBC, INC. | $195,000 | n/a | 0.0% | |
| EMM LOANS LLC | $185,000 | n/a | 0.0% | |
| First State Bank | $930,000 | $185,000 | -80.1% | 0.0% |
| General Mortgage Capital Corporation | $185,000 | n/a | 0.0% | |
| Raymond James Bank | $2,060,000 | $185,000 | -91.0% | 0.0% |
| TOWER | $185,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $455,000 | $180,000 | -60.4% | 0.0% |
| Nations Lending Corporation | $1,565,000 | $175,000 | -88.8% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $165,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $165,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $775,000 | $165,000 | -78.7% | 0.0% |
| Bethpage Federal Credit Union | $155,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $155,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $285,000 | $155,000 | -45.6% | 0.0% |
| NEW WAVE LENDING GROUP INC | $155,000 | n/a | 0.0% | |
| Royal Business Bank | $155,000 | n/a | 0.0% | |
| UNITED HOME LOANS, INC. | $95,000 | $155,000 | 63.2% | 0.0% |
| RF Renovo Management Company, LLC | $145,000 | n/a | 0.0% | |
| BANKORION | $135,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $135,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $150,000 | $135,000 | -10.0% | 0.0% |
| Boeing Employees Credit Union | $125,000 | n/a | 0.0% | |
| Carrollton Bank | $875,000 | $125,000 | -85.7% | 0.0% |
| Hometown Equity Mortgage, LLC | $125,000 | n/a | 0.0% | |
| South State Bank | $125,000 | n/a | 0.0% | |
| The Fisher National Bank | $125,000 | n/a | 0.0% | |
| TBK BANK, SSB | $65,000 | $120,000 | 84.6% | 0.0% |
| West Central Bank | $145,000 | $120,000 | -17.2% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $115,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $115,000 | n/a | 0.0% | |
| Resource Bank, N.A. | $1,915,000 | $115,000 | -94.0% | 0.0% |
| SPIRE Credit Union | $115,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $420,000 | $115,000 | -72.6% | 0.0% |
| VERIDIAN CREDIT UNION | $115,000 | n/a | 0.0% | |
| Arvest Bank | $105,000 | n/a | 0.0% | |
| First Bankers Trust Company | $100,000 | $105,000 | 5.0% | 0.0% |
| FIRST COMMUNITY | $105,000 | n/a | 0.0% | |
| RUHL MORTGAGE, LLC | $105,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $130,000 | $105,000 | -19.2% | 0.0% |
| Stillman Bank | $395,000 | $105,000 | -73.4% | 0.0% |
| Central Bank | $95,000 | n/a | 0.0% | |
| Peoples National Bank , N.A. | $95,000 | n/a | 0.0% | |
| DUPACO COMMUNITY | $115,000 | $85,000 | -26.1% | 0.0% |
| First American Bank | $85,000 | $85,000 | 0.0% | 0.0% |
| Plains Commerce Bank | $340,000 | $85,000 | -75.0% | 0.0% |
| AMERICAN FINANCING CORPORATION | $655,000 | $75,000 | -88.5% | 0.0% |
| Servion, Inc. | $75,000 | n/a | 0.0% | |
| Truist | $75,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $460,000 | $65,000 | -85.9% | 0.0% |
| CONSTRUCTIVE LOANS, LLC | $65,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $185,000 | $65,000 | -64.9% | 0.0% |
| Farmers Bank & Trust | $55,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $665,000 | $55,000 | -91.7% | 0.0% |
| Southwest Airlines Federal Credit Union | $55,000 | n/a | 0.0% | |
| UNITED | $55,000 | n/a | 0.0% | |
| Bell Bank | $45,000 | n/a | 0.0% | |
| The Bank of New Glarus | $45,000 | n/a | 0.0% | |
| Transportation Federal Credit Union | $45,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | $40,000 | 60.0% | 0.0% |
| FCB Banks | $25,000 | n/a | 0.0% | |
| Hometown National Bank | $25,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $75,000 | $25,000 | -66.7% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% |
PEORIA's top lender by overall market share is CITIZENS EQUITY FIRST, with 18.3% market share. In second place, with 9.9%, is FLAT BRANCH MORTGAGE, INC., having originated $111,775,000 in loans. In third place, with 7.6%, is Morton Community Bank, having originated $86,545,000 in loans. In fourth place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $52,740,000 in loans. In fifth place, with 4.0%, is U.S. Bank, having originated $45,275,000 in loans.
PEORIA, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,767 | $827,625,000 | $173,615 |
| Refi | 878 | $126,540,000 | $144,123 |
| Home Improvement | 806 | $64,400,000 | $79,901 |
| Other | 643 | $41,365,000 | $64,331 |
| Cash Out Refi | 547 | $71,545,000 | $130,795 |
Peoria's most frequently cited loan purpose was Home Purchase, with 4,767 originations. The 2nd most popular reason was Refi, with 878 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,021 | $527,795,000 | $174,709 |
| 7-8% | 1,587 | $247,255,000 | $155,800 |
| Over 8% | 1,508 | $108,850,000 | $72,182 |
| 5-6% | 647 | $136,465,000 | $210,920 |
| <2.5% | 80 | $830,000 | $10,375 |
| 4-5% | 32 | $7,110,000 | $222,188 |
| 2.5-3% | 28 | $2,350,000 | $83,929 |
| 3-4% | 4 | $620,000 | $155,000 |
During 2024, Peoria's most frequently originated rate bucket was 6-7%, with 3,021 originations.
Loan Sizing (PEORIA, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 3,240 | $178,340,000 | $55,043 |
| $100k-200k | 2,690 | $384,850,000 | $143,067 |
| $200k-400k | 1,451 | $391,735,000 | $269,976 |
| $400k-600k | 185 | $87,505,000 | $473,000 |
| $600k-1000k | 59 | $43,055,000 | $729,746 |
| $Over $1MM | 16 | $45,990,000 | $2,874,375 |
PEORIA's loan sizing saw the bucket of loans from $100,000 or less with 3,240 originations, totaling $178,340,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,180 | $568,950,000 | $178,915 |
| 60-80% | 1,458 | $270,690,000 | $185,658 |
| 20-40% | 869 | $69,975,000 | $80,524 |
| Under 20% | 736 | $26,330,000 | $35,774 |
| 40-60% | 536 | $68,010,000 | $126,884 |
| Over 100% | 56 | $13,250,000 | $236,607 |
PEORIA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,180 originations, totaling $568,950,000 in origination value.