Pontiac Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Pontiac averaged 6.98% 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 7.01% and one month ago for the week of 2025-05-15, the average rate was 6.88%.

Pontiac's average rate one year ago was 7.12%.

For refis of the same type during the week of 2025-06-18, the average rate was 6.81%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Pontiac 30 Year Fixed Rate 2025-06-18 6.98%
Pontiac 30 Year Fixed Rate Refi 2025-06-18 6.81%
Pontiac 15 Year Fixed Rate 2025-06-18 6.06%
Pontiac 15 Year Fixed Rate Refi 2025-06-18 6.36%
Pontiac 30 Year FHA 2025-06-18 0.1%
Pontiac 30 Year FHA Refi 2025-06-18 0.1%
Pontiac 30 Year USDA 2025-06-18 0%
Pontiac 30 Year USDA Refi 2025-06-18 -0.2%
Pontiac 30 Year VA 2025-06-18 0.1%
Pontiac 30 Year VA Refi 2025-06-18 0%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Pontiac, IL.

Pontiac 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 Pontiac, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Bank of Pontiac 32 7.02% $1,789
QUICKEN LOANS, LLC 9 6.87% $3,374
FIRST STATE MORTGAGE SERVICES, LLC 9 6.71% $3,298
LOANDEPOT.COM, LLC 9 6.77% $4,242
United Community Bank 6 6.46% $2,301
Flanagan State Bank 6 6.88% $3,170
GUARANTEED RATE, INC. 6 6.82% $3,709
Grundy Bank 5 6.30% $2,277
FLAT BRANCH MORTGAGE, INC. 5 6.60% $2,454
COMPEER FINANCIAL, FLCA 5 7.45% $2,601
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.20% $3,872
The First National Bank of Ottawa 4 6.59% $2,620
PNC Bank 3 6.75% $2,369
Wells Fargo Bank 3 6.67% $3,329
The Huntington National Bank 3 6.25% $5,478
First State Bank 3 7.04% $1,568
GUILD MORTGAGE COMPANY 3 6.29% $3,517
ZILLOW HOME LOANS, LLC 2 6.44% $5,119
BROKER SOLUTIONS, INC. 2 6.63% $4,974
Busey Bank 2 6.63% $2,378
Century Mortgage Company DBA Century Lending Company 2 7.25% $2,600
CITIZENS EQUITY FIRST 2 6.50% $1,775
FINANCIAL PLUS 2 5.99% $2,546
Heartland Bank and Trust Company 2 6.30% $2,369
Ixonia Bank 2 7.06% $5,978
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $5,284
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.06% $3,453
TOWNE MORTGAGE COMPANY 2 5.88% $5,373
UNITED WHOLESALE MORTGAGE, LLC 2 7.31% $5,396
American Bank and Trust Company 1 6.63% $2,815
JPMorgan Chase Bank 1 6.63% $2,370
Fifth Third Bank 1 7.63% $3,717
Merchants Bank 1 6.40% $5,893
Midland States Bank 1 6.50% $2,822
Mortgage Research Center, LLC 1 6.63% $5,832
Morton Community Bank 1 7.00% $2,141
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $5,406
Bankers' Bank 1 6.00% $3,407
NEWREZ LLC 1 7.38% $4,357
NUMARK CREDIT UNION 1 6.88% $2,308
COMPASS MORTGAGE, INC. 1 6.88% $4,482
POINT Mortgage 1 7.38% $4,395
Ally Bank 1 6.13% $6,322
Commerce Home Mortgage, Inc. 1 9.13% $8,046
Regions Bank 1 6.63% $1,831
ROYAL UNITED MORTGAGE LLC 1 7.38% $7,120
S1L, Inc. 1 6.63% $8,727
CIBC Bank USA 1 6.38% $3,150
GREENSTATE CREDIT UNION 1 6.75% $5,485
GENEVA FINANCIAL, LLC 1 6.63% $3,304
First Financial Bank 1 6.63% $2,090
First Financial Bank 1 6.50% $2,944
Carrington Mortgage Services, LLC 1 6.88% $3,775
IAA Credit Union 1 6.50% $2,552

Pontiac Average Closing Costs & Other Stats

Pontiac, IL's 54 lenders originated 602 loans during 2024. The total origination value was $71,830,000, with an average loan value of $119,319.

Pontiac's average closing costs are $3,784.

The top Pontiac lender as defined by loan originations is Bank of Pontiac, with 32 loans originated. Their average total fees are $1,789, which is $1,585 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Pontiac lenders (with over 10 loans originated) are Bank of Pontiac ($1,789), .

The lowest rate Pontiac lenders (with over 10 loans originated) are Bank of Pontiac (7.02%), .

Pontiac, 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
Bank of Pontiac $13,240,000 $10,805,000 -18.4% 15.0%
First State Bank of Forrest $8,365,000 $7,070,000 -15.5% 9.8%
LOANDEPOT.COM, LLC $1,535,000 $3,360,000 118.9% 4.7%
Streator Onized Credit Union $1,355,000 $2,820,000 108.1% 3.9%
FLAT BRANCH MORTGAGE, INC. $2,845,000 $2,530,000 -11.1% 3.5%
FIRST STATE MORTGAGE SERVICES, LLC $2,360,000 $2,500,000 5.9% 3.5%
QUICKEN LOANS, LLC $2,500,000 $2,290,000 -8.4% 3.2%
GUARANTEED RATE, INC. $1,585,000 $2,005,000 26.5% 2.8%
COMPEER FINANCIAL, FLCA $865,000 $1,960,000 126.6% 2.7%
Flanagan State Bank $2,465,000 $1,760,000 -28.6% 2.5%
Peoples National Bank of Kewanee $920,000 $1,690,000 83.7% 2.4%
United Community Bank $1,605,000 n/a 2.2%
Mortgage Research Center, LLC $750,000 $1,310,000 74.7% 1.8%
State Bank of Graymont $6,080,000 $1,275,000 -79.0% 1.8%
AMERICAN PACIFIC MORTGAGE CORPORATION $625,000 $1,265,000 102.4% 1.8%
UNITED WHOLESALE MORTGAGE, LLC $310,000 $1,115,000 259.7% 1.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $650,000 $1,055,000 62.3% 1.5%
GUILD MORTGAGE COMPANY $360,000 $1,005,000 179.2% 1.4%
Morton Community Bank $1,295,000 $980,000 -24.3% 1.4%
BROKER SOLUTIONS, INC. $950,000 n/a 1.3%
Grundy Bank $645,000 $935,000 45.0% 1.3%
North Shore Trust and Savings $825,000 n/a 1.1%
CITIZENS EQUITY FIRST $705,000 $795,000 12.8% 1.1%
First Financial Bank $260,000 $715,000 175.0% 1.0%
UNION HOME MORTGAGE CORP. $275,000 $715,000 160.0% 1.0%
First State Bank $700,000 $670,000 -4.3% 0.9%
Busey Bank $940,000 $645,000 -31.4% 0.9%
The Huntington National Bank $195,000 $630,000 223.1% 0.9%
Wells Fargo Bank $870,000 $610,000 -29.9% 0.8%
FINANCIAL PLUS $145,000 $595,000 310.3% 0.8%
Ixonia Bank $1,285,000 $585,000 -54.5% 0.8%
The First National Bank of Ottawa $650,000 $575,000 -11.5% 0.8%
First Federal Savings Bank $395,000 $565,000 43.0% 0.8%
FREEDOM MORTGAGE CORPORATION $375,000 $535,000 42.7% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $335,000 $525,000 56.7% 0.7%
Old National Bank $165,000 $480,000 190.9% 0.7%
PNC Bank $680,000 $460,000 -32.4% 0.6%
COMPASS MORTGAGE, INC. $680,000 $445,000 -34.6% 0.6%
MORTGAGE SOLUTIONS OF COLORADO, LLC $410,000 n/a 0.6%
Regions Bank $255,000 $405,000 58.8% 0.6%
OCMBC, INC. $375,000 n/a 0.5%
POINT Mortgage $370,000 n/a 0.5%
S1L, Inc. $355,000 n/a 0.5%
MUTUAL OF OMAHA MORTGAGE, INC. $615,000 $330,000 -46.3% 0.5%
Heartland Bank and Trust Company $370,000 $320,000 -13.5% 0.4%
NEW DAY FINANCIAL, LLC $95,000 $320,000 236.8% 0.4%
JPMorgan Chase Bank $230,000 $295,000 28.3% 0.4%
Merchants Bank $295,000 n/a 0.4%
BAY EQUITY LLC $270,000 n/a 0.4%
Iroquois Federal Savings and Loan Association $270,000 n/a 0.4%
PLANET HOME LENDING, LLC $270,000 n/a 0.4%
TOWNE MORTGAGE COMPANY $270,000 n/a 0.4%
Carrington Mortgage Services, LLC $190,000 $265,000 39.5% 0.4%
GREENSTATE CREDIT UNION $260,000 n/a 0.4%
Bank of Gibson City $155,000 $255,000 64.5% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $185,000 $250,000 35.1% 0.3%
Equity Prime Mortgage LLC $245,000 n/a 0.3%
U.S. Bank $245,000 n/a 0.3%
Century Mortgage Company DBA Century Lending Company $130,000 $240,000 84.6% 0.3%
CIBC Bank USA $225,000 n/a 0.3%
Midland States Bank $195,000 $225,000 15.4% 0.3%
ZILLOW HOME LOANS, LLC $245,000 $220,000 -10.2% 0.3%
Ottawa Savings Bank $135,000 $215,000 59.3% 0.3%
NEWREZ LLC $210,000 n/a 0.3%
Municipal Trust and Savings Bank $205,000 n/a 0.3%
NUMARK CREDIT UNION $240,000 $205,000 -14.6% 0.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $185,000 n/a 0.3%
NATIONWIDE MORTGAGE BANKERS, INC. $185,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $55,000 $180,000 227.3% 0.3%
The Federal Savings Bank $135,000 $170,000 25.9% 0.2%
Ally Bank $165,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $270,000 $160,000 -40.7% 0.2%
Commerce Home Mortgage, Inc. $155,000 n/a 0.2%
Fifth Third Bank $155,000 n/a 0.2%
IAA Credit Union $155,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $490,000 $145,000 -70.4% 0.2%
Old Second National Bank $145,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $140,000 n/a 0.2%
GENEVA FINANCIAL, LLC $130,000 $125,000 -3.8% 0.2%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $225,000 $115,000 -48.9% 0.2%
Figure Lending LLC $35,000 $115,000 228.6% 0.2%
Flagstar Bank, FSB $175,000 $105,000 -40.0% 0.1%
Coastal Community Bank $100,000 n/a 0.1%
Peoples Bank of Kankakee County $95,000 n/a 0.1%
American Bank and Trust Company $85,000 n/a 0.1%
Bankers' Bank $85,000 n/a 0.1%
Better Banks $85,000 n/a 0.1%
M&T Bank $75,000 n/a 0.1%
First Financial Bank $260,000 $70,000 -73.1% 0.1%
Goodfield State Bank $450,000 $65,000 -85.6% 0.1%
AMERICAN FINANCING CORPORATION $55,000 n/a 0.1%
Discover Bank $65,000 $45,000 -30.8% 0.1%
Associated Bank $25,000 n/a 0.0%
Bank of America $120,000 $25,000 -79.2% 0.0%
INOVA FEDERAL CREDIT UNION $25,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $150,000 $15,000 -90.0% 0.0%

Pontiac's top lender by overall market share is Bank of Pontiac, with 15.0% market share. In second place, with 9.8%, is First State Bank of Forrest, having originated $7,070,000 in loans. In third place, with 4.7%, is LOANDEPOT.COM, LLC, having originated $3,360,000 in loans. In fourth place, with 3.9%, is Streator Onized Credit Union, having originated $2,820,000 in loans. In fifth place, with 3.5%, is FLAT BRANCH MORTGAGE, INC., having originated $2,530,000 in loans.

Pontiac, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 363 $50,775,000 $139,876
Home Improvement 70 $3,200,000 $45,714
Cash Out Refi 69 $7,585,000 $109,928
Refi 64 $8,150,000 $127,344
Other 36 $2,120,000 $58,889

Pontiac's most frequently cited loan purpose was Home Purchase, with 363 originations. The 2nd most popular reason was Home Improvement, with 70 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 193 $29,145,000 $151,010
7-8% 140 $19,190,000 $137,071
Over 8% 62 $3,140,000 $50,645
5-6% 36 $4,750,000 $131,944
<2.5% 7 $45,000 $6,429
4-5% 1 $85,000 $85,000
2.5-3% 1 $25,000 $25,000

During 2024, Pontiac's most frequently originated rate bucket was 6-7%, with 193 originations.

Loan Sizing (Pontiac, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 294 $15,900,000 $54,082
$100k-200k 221 $31,235,000 $141,335
$200k-400k 79 $20,385,000 $258,038
$400k-600k 6 $2,790,000 $465,000
$600k-1000k 2 $1,520,000 $760,000

Pontiac's loan sizing saw the bucket of loans from $100,000 or less with 294 originations, totaling $15,900,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 221 $33,665,000 $152,330
60-80% 94 $13,980,000 $148,723
20-40% 45 $2,745,000 $61,000
40-60% 43 $4,335,000 $100,814
Under 20% 34 $770,000 $22,647
Over 100% 4 $570,000 $142,500

Pontiac's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 221 originations, totaling $33,665,000 in origination value.