Pontiac Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Pontiac averaged 6.76% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.75% and one month ago for the week of 2024-11-07, the average rate was 6.65%.

    Pontiac's average rate one year ago was 6.89%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Pontiac 30 Year Fixed Rate 2024-12-12 6.76%
    Pontiac 30 Year Fixed Rate Refi 2024-12-12 6.7%
    Pontiac 15 Year Fixed Rate 2024-12-12 5.84%
    Pontiac 15 Year Fixed Rate Refi 2024-12-12 6.04%
    Pontiac 30 Year FHA 2024-12-12 6.08%
    Pontiac 30 Year FHA Refi 2024-12-12 6.48%
    Pontiac 30 Year USDA 2024-12-12 6.2%
    Pontiac 30 Year USDA Refi 2024-12-12 6.3%
    Pontiac 30 Year VA 2024-12-12 6.18%
    Pontiac 30 Year VA Refi 2024-12-12 5.98%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Bank of Pontiac 33 7.08% $1,939
    FLAT BRANCH MORTGAGE, INC. 14 6.77% $3,099
    FIRST STATE MORTGAGE SERVICES, LLC 11 6.42% $3,553
    LOANDEPOT.COM, LLC 7 7.00% $4,697
    QUICKEN LOANS, LLC 6 7.37% $5,444
    Wells Fargo Bank 5 6.55% $3,625
    The First National Bank of Ottawa 5 6.28% $2,700
    Flanagan State Bank 5 6.73% $4,737
    Morton Community Bank 5 6.13% $2,080
    First State Bank 4 6.75% $2,091
    GUARANTEED RATE, INC. 4 6.78% $5,281
    COMPASS MORTGAGE, INC. 4 6.94% $4,051
    Ixonia Bank 4 6.69% $4,091
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.37% $3,357
    PNC Bank 3 6.92% $2,577
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.75% $7,149
    JPMorgan Chase Bank 2 6.74% $3,706
    CITIZENS EQUITY FIRST 2 6.88% $1,904
    First Financial Bank 2 7.69% $4,030
    NUMARK CREDIT UNION 2 6.06% $2,281
    Grundy Bank 2 7.00% $2,339
    GUILD MORTGAGE COMPANY 2 7.50% $4,776
    Heartland Bank and Trust Company 2 6.84% $2,145
    Busey Bank 2 7.38% $3,100
    Prairie State Bank and Trust 1 7.25% $1,753
    Regions Bank 1 7.75% $4,287
    Stillman Bank 1 6.00% $4,894
    THE ANDERSON FINANCIAL GROUP, INC. 1 6.88% $3,549
    The Federal Savings Bank 1 7.88% $8,428
    UNION HOME MORTGAGE CORP. 1 7.00% $4,417
    ZILLOW HOME LOANS, LLC 1 6.38% $6,124
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.38% $2,252
    AmeriHome Mortgage Company, LLC 1 6.63% $2,394
    Bank of America 1 7.88% $3,434
    Barrington Bank & Trust Company, N.A. 1 6.49% $3,023
    Century Mortgage Company DBA Century Lending Company 1 6.63% $4,411
    CIBM Bank 1 7.50% $2,308
    COMPEER FINANCIAL, FLCA 1 7.88% $2,451
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $4,517
    Discover Bank 1 8.79% $0
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $3,577
    FINANCIAL PLUS 1 7.15% $1,716
    First Federal Savings Bank 1 7.13% $3,118
    First Financial Bank 1 6.75% $4,306
    Heritage Federal Credit Union 1 7.38% $2,423
    HOMESIDE FINANCIAL, LLC 1 6.50% $3,224
    Home State Bank 1 6.38% $2,685
    Marine Bank 1 6.50% $4,652
    Midland States Bank 1 7.13% $3,446
    Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $7,336
    NAVY FEDERAL CREDIT UNION 1 7.50% $1,780
    Old National Bank 1 7.13% $4,425
    Ottawa Savings Bank 1 5.75% $4,953
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $1,802

    Pontiac Average Closing Costs & Other Stats

    Pontiac, IL's 54 lenders originated 651 loans during 2023. The total origination value was $70,915,000, with an average loan value of $108,932.

    Pontiac's average closing costs are $3,656.

    The top Pontiac lender as defined by loan originations is Bank of Pontiac, with 33 loans originated. Their average total fees are $1,939, which is $1,160 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Pontiac lenders (with over 10 loans originated) are Bank of Pontiac ($1,939), FLAT BRANCH MORTGAGE, INC. ($3,099), FIRST STATE MORTGAGE SERVICES, LLC ($3,553), .

    The lowest rate Pontiac lenders (with over 10 loans originated) are FIRST STATE MORTGAGE SERVICES, LLC (6.42%), FLAT BRANCH MORTGAGE, INC. (6.77%), Bank of Pontiac (7.08%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Bank of Pontiac $21,330,000 $13,240,000 -37.9% 18.7%
    First State Bank of Forrest $9,835,000 $8,365,000 -14.9% 11.8%
    State Bank of Graymont $5,900,000 $6,080,000 3.1% 8.6%
    FLAT BRANCH MORTGAGE, INC. $2,790,000 $2,845,000 2.0% 4.0%
    QUICKEN LOANS, LLC $3,330,000 $2,500,000 -24.9% 3.5%
    Flanagan State Bank $4,720,000 $2,465,000 -47.8% 3.5%
    FIRST STATE MORTGAGE SERVICES, LLC $2,255,000 $2,360,000 4.7% 3.3%
    GUARANTEED RATE, INC. $1,360,000 $1,585,000 16.5% 2.2%
    LOANDEPOT.COM, LLC $2,030,000 $1,535,000 -24.4% 2.2%
    Streator Onized Credit Union $1,935,000 $1,355,000 -30.0% 1.9%
    First Financial Bank $585,000 $1,300,000 122.2% 1.8%
    Morton Community Bank $1,435,000 $1,295,000 -9.8% 1.8%
    Ixonia Bank $1,285,000 n/a 1.8%
    Busey Bank $1,135,000 $940,000 -17.2% 1.3%
    Peoples National Bank of Kewanee $920,000 n/a 1.3%
    Wells Fargo Bank $1,875,000 $870,000 -53.6% 1.2%
    COMPEER FINANCIAL, FLCA $700,000 $865,000 23.6% 1.2%
    Mortgage Research Center, LLC $1,220,000 $750,000 -38.5% 1.1%
    CITIZENS EQUITY FIRST $1,645,000 $705,000 -57.1% 1.0%
    First State Bank $1,345,000 $700,000 -48.0% 1.0%
    COMPASS MORTGAGE, INC. $615,000 $680,000 10.6% 1.0%
    PNC Bank $370,000 $680,000 83.8% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $690,000 $650,000 -5.8% 0.9%
    The First National Bank of Ottawa $470,000 $650,000 38.3% 0.9%
    Grundy Bank $205,000 $645,000 214.6% 0.9%
    AMERICAN PACIFIC MORTGAGE CORPORATION $415,000 $625,000 50.6% 0.9%
    MUTUAL OF OMAHA MORTGAGE, INC. $250,000 $615,000 146.0% 0.9%
    AMERISAVE MORTGAGE CORPORATION $280,000 $490,000 75.0% 0.7%
    Goodfield State Bank $205,000 $450,000 119.5% 0.6%
    CARDINAL FINANCIAL $945,000 $395,000 -58.2% 0.6%
    First Federal Savings Bank $355,000 $395,000 11.3% 0.6%
    FREEDOM MORTGAGE CORPORATION $1,165,000 $375,000 -67.8% 0.5%
    Heartland Bank and Trust Company $55,000 $370,000 572.7% 0.5%
    NAVY FEDERAL CREDIT UNION $375,000 $370,000 -1.3% 0.5%
    GUILD MORTGAGE COMPANY $360,000 n/a 0.5%
    Barrington Bank & Trust Company, N.A. $145,000 $340,000 134.5% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,825,000 $335,000 -81.6% 0.5%
    MEMBER FIRST MORTGAGE, LLC $335,000 n/a 0.5%
    Neighborhood Loans, Inc. $135,000 $320,000 137.0% 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $525,000 $310,000 -41.0% 0.4%
    Quontic Bank $305,000 n/a 0.4%
    UNION HOME MORTGAGE CORP. $275,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $335,000 $270,000 -19.4% 0.4%
    First Financial Bank $585,000 $260,000 -55.6% 0.4%
    Regions Bank $185,000 $255,000 37.8% 0.4%
    ZILLOW HOME LOANS, LLC $240,000 $245,000 2.1% 0.3%
    NUMARK CREDIT UNION $85,000 $240,000 182.4% 0.3%
    JPMorgan Chase Bank $1,095,000 $230,000 -79.0% 0.3%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $225,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $425,000 $215,000 -49.4% 0.3%
    CALIBER HOME LOANS, INC. $680,000 $205,000 -69.9% 0.3%
    Allied First Bank,sb $195,000 n/a 0.3%
    DAS Acquisition Company, LLC $195,000 n/a 0.3%
    FIRST CENTENNIAL MORTGAGE CORPORATION $195,000 n/a 0.3%
    Home State Bank $195,000 n/a 0.3%
    Midland States Bank $1,455,000 $195,000 -86.6% 0.3%
    The Huntington National Bank $85,000 $195,000 129.4% 0.3%
    Carrington Mortgage Services, LLC $190,000 n/a 0.3%
    LIMA ONE CAPITAL, LLC $185,000 n/a 0.3%
    Prairie State Bank and Trust $185,000 n/a 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $185,000 n/a 0.3%
    THE ANDERSON FINANCIAL GROUP, INC. $185,000 n/a 0.3%
    Flagstar Bank, FSB $1,165,000 $175,000 -85.0% 0.2%
    Marine Bank $175,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $35,000 $170,000 385.7% 0.2%
    ACADEMY MORTGAGE CORPORATION $120,000 $170,000 41.7% 0.2%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $165,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $165,000 n/a 0.2%
    INB $220,000 $165,000 -25.0% 0.2%
    Old National Bank $185,000 $165,000 -10.8% 0.2%
    Bank of Gibson City $155,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $175,000 $150,000 -14.3% 0.2%
    FINANCIAL PLUS $695,000 $145,000 -79.1% 0.2%
    Heritage Federal Credit Union $145,000 n/a 0.2%
    Mutual Federal Bank $145,000 n/a 0.2%
    Servion, Inc. $910,000 $145,000 -84.1% 0.2%
    Citizens Bank $140,000 n/a 0.2%
    Ottawa Savings Bank $515,000 $135,000 -73.8% 0.2%
    Stillman Bank $135,000 n/a 0.2%
    The Federal Savings Bank $95,000 $135,000 42.1% 0.2%
    Truist $135,000 n/a 0.2%
    Century Mortgage Company DBA Century Lending Company $105,000 $130,000 23.8% 0.2%
    GENEVA FINANCIAL, LLC $130,000 n/a 0.2%
    CIBM Bank $125,000 n/a 0.2%
    The Fisher National Bank $180,000 $125,000 -30.6% 0.2%
    USAA Federal Savings Bank $125,000 n/a 0.2%
    Bank of America $120,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $95,000 n/a 0.1%
    NATIONS RELIABLE LENDING, LLC $135,000 $75,000 -44.4% 0.1%
    ALLIANT CREDIT UNION $65,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $65,000 n/a 0.1%
    Discover Bank $215,000 $65,000 -69.8% 0.1%
    Farmers-Merchants Bank of Illinois $65,000 n/a 0.1%
    HealthCare Associates Credit Union $95,000 $65,000 -31.6% 0.1%
    ILLINOIS STATE CREDIT UNION $215,000 $65,000 -69.8% 0.1%
    SPRING EQ, LLC $65,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $170,000 $55,000 -67.6% 0.1%
    Commerce Bank $45,000 $35,000 -22.2% 0.0%
    Figure Lending LLC $35,000 $35,000 0.0% 0.0%
    CNB Bank And Trust, N.A. $25,000 n/a 0.0%
    SCOTT CREDIT UNION $25,000 n/a 0.0%

    Pontiac's top lender by overall market share is Bank of Pontiac, with 18.7% market share. In second place, with 11.8%, is First State Bank of Forrest, having originated $8,365,000 in loans. In third place, with 8.6%, is State Bank of Graymont, having originated $6,080,000 in loans. In fourth place, with 4.0%, is FLAT BRANCH MORTGAGE, INC., having originated $2,845,000 in loans. In fifth place, with 3.5%, is QUICKEN LOANS, LLC, having originated $2,500,000 in loans.

    Pontiac Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Pontiac (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $90,000 (-1.4%) $118,876 (4.6%) 0.00 221
    2018-02-01 $90,250 (-2.6%) $117,456 (1.0%) 0.00 212
    2018-03-01 $92,450 (-7.2%) $117,547 (-2.8%) 0.00 211
    2018-04-01 $94,400 (-8.8%) $117,008 (-7.0%) 0.00 195
    2018-05-01 $94,425 (-9.0%) $114,065 (-10.2%) 0.00 187
    2018-06-01 $94,000 (-7.3%) $115,761 (-9.3%) 0.00 191
    2018-07-01 $94,375 (-7.0%) $114,760 (-12.2%) 0.00 199
    2018-08-01 $99,900 (0.8%) $118,212 (-7.1%) 0.00 202
    2018-09-01 $99,900 (0.4%) $117,806 (-6.0%) 0.00 179
    2018-10-01 $100,200 (3.1%) $119,658 (-3.3%) 0.00 173
    2018-11-01 $99,500 (4.9%) $119,400 (-3.6%) 0.00 170
    2018-12-01 $99,900 (6.1%) $118,737 (-2.4%) 0.00 162
    2019-01-01 $101,800 (13.1%) $119,035 (0.1%) 0.00 164
    2019-02-01 $99,900 (10.7%) $116,953 (-0.4%) 0.00 163
    2019-03-01 $96,300 (4.2%) $112,905 (-4.0%) 0.00 156
    2019-04-01 $90,700 (-3.9%) $110,634 (-5.5%) 0.00 156
    2019-05-01 $92,000 (-2.6%) $115,756 (1.5%) 0.00 156
    2019-06-01 $98,250 (4.5%) $119,462 (3.2%) 0.00 171
    2019-07-01 $99,900 (5.9%) $121,469 (5.9%) 0.00 168
    2019-08-01 $97,200 (-2.7%) $119,780 (1.3%) 0.00 165
    2019-09-01 $93,150 (-6.8%) $119,770 (1.7%) 0.00 163
    2019-10-01 $90,450 (-9.7%) $119,679 (0.0%) 0.00 165
    2019-11-01 $95,000 (-4.5%) $119,204 (-0.2%) 0.00 178
    2019-12-01 $97,425 (-2.5%) $116,865 (-1.6%) 0.00 180
    2020-01-01 $99,900 (-1.9%) $118,170 (-0.7%) 0.00 179
    2020-02-01 $99,450 (-0.5%) $116,994 (0.0%) 0.00 168
    2020-03-01 $100,600 (4.5%) $120,362 (6.6%) 0.00 152
    2020-04-01 $109,900 (21.2%) $126,117 (14.0%) 0.00 135
    2020-05-01 $112,000 (21.7%) $126,603 (9.4%) 0.00 129
    2020-06-01 $111,225 (13.2%) $128,060 (7.2%) 0.00 122
    2020-07-01 $111,200 (11.3%) $128,415 (5.7%) 0.00 121
    2020-08-01 $105,950 (9.0%) $130,704 (9.1%) 0.00 117
    2020-09-01 $111,200 (19.4%) $131,358 (9.7%) 0.00 99
    2020-10-01 $99,900 (10.5%) $131,745 (10.1%) 0.00 85
    2020-11-01 $102,200 (7.6%) $123,257 (3.4%) 0.00 90
    2020-12-01 $102,500 (5.2%) $123,756 (5.9%) 0.00 86
    2021-01-01 $100,000 (0.1%) $125,314 (6.1%) 0.00 86
    2021-02-01 $100,425 (1.0%) $124,534 (6.4%) 0.00 71
    2021-03-01 $113,075 (12.4%) $134,804 (12.0%) 0.00 64
    2021-04-01 $107,400 (-2.3%) $136,163 (8.0%) 0.00 55
    2021-05-01 $109,900 (-1.9%) $152,737 (20.6%) 0.00 47
    2021-06-01 $122,450 (10.1%) $157,578 (23.1%) 0.00 52
    2021-07-01 $129,900 (16.8%) $163,895 (27.6%) 0.00 63
    2021-08-01 $127,425 (20.3%) $163,019 (24.7%) 0.00 66
    2021-09-01 $137,750 (23.9%) $168,799 (28.5%) 0.00 62
    2021-10-01 $127,750 (27.9%) $150,291 (14.1%) 0.00 67
    2021-11-01 $132,475 (29.6%) $159,947 (29.8%) 0.00 71
    2021-12-01 $121,425 (18.5%) $147,388 (19.1%) 0.00 60
    2022-01-01 $110,000 (10.0%) $138,469 (10.5%) 0.00 45
    2022-02-01 $101,900 (1.5%) $137,464 (10.4%) 0.00 39
    2022-03-01 $129,225 (14.3%) $171,540 (27.3%) 0.00 35
    2022-04-01 $128,250 (19.4%) $159,363 (17.0%) 0.00 31
    2022-05-01 $136,200 (23.9%) $176,421 (15.5%) 0.00 34
    2022-06-01 $167,450 (36.8%) $184,043 (16.8%) 0.00 34
    2022-07-01 $149,900 (15.4%) $167,715 (2.3%) 0.00 45
    2022-08-01 $139,900 (9.8%) $168,810 (3.6%) 0.00 52
    2022-09-01 $138,675 (0.7%) $166,040 (-1.6%) 0.00 57
    2022-10-01 $144,900 (13.4%) $161,840 (7.7%) 0.00 54
    2022-11-01 $139,900 (5.6%) $157,849 (-1.3%) 0.00 57
    2022-12-01 $149,900 (23.5%) $160,730 (9.1%) 0.00 58
    2023-01-01 $148,675 (35.2%) $167,291 (20.8%) 0.00 46
    2023-02-01 $146,200 (43.5%) $164,395 (19.6%) 0.00 44
    2023-03-01 $144,975 (12.2%) $167,333 (-2.5%) 0.00 31
    2023-04-01 $138,900 (8.3%) $163,093 (2.3%) 0.00 38
    2023-05-01 $130,725 (-4.0%) $142,404 (-19.3%) 0.00 33
    2023-06-01 $145,000 (-13.4%) $165,752 (-9.9%) 0.00 38
    2023-07-01 $145,000 (-3.3%) $162,236 (-3.3%) 0.00 39
    2023-08-01 $137,500 (-1.7%) $172,082 (1.9%) 0.00 39
    2023-09-01 $140,000 (1.0%) $169,492 (2.1%) 0.00 41
    2023-10-01 $130,675 (-9.8%) $161,731 (-0.1%) 0.00 43
    2023-11-01 $148,425 (6.1%) $170,851 (8.2%) 0.00 51
    2023-12-01 $129,900 (-13.3%) $162,272 (1.0%) 0.00 50
    2024-01-01 $139,925 (-5.9%) $177,801 (6.3%) 0.00 48
    2024-02-01 $129,900 (-11.2%) $169,252 (3.0%) 0.00 47
    2024-03-01 $142,450 (-1.7%) $178,330 (6.6%) 0.00 34
    2024-04-01 $131,150 (-5.6%) $170,983 (4.8%) 0.00 31
    2024-05-01 $159,900 (22.3%) $196,664 (38.1%) 0.00 26
    2024-06-01 $155,000 (6.9%) $181,321 (9.4%) 0.00 32
    2024-07-01 $164,950 (13.8%) $184,367 (13.6%) 0.00 43
    2024-08-01 $184,900 (34.5%) $203,824 (18.5%) 0.00 46
    2024-09-01 $187,200 (33.7%) $216,420 (27.7%) 0.00 54
    2024-10-01 $156,250 (19.6%) $192,930 (19.3%) 0.00 55
    2024-11-01 $185,000 (24.6%) $222,114 (30.0%) 0.00 55
    Pontiac's median listing price for 2024-11-01 was $185,000, a difference of $36,575 (24.6%) versus the prior year and $28,750 versus the prior month.

    Pontiac's median listing price comes in at 0% of the national average.

    Pontiac's average listing price for 2024-11-01 was $222,114, a difference of $51,263 (30.0%) versus the prior year and $29,184 versus the prior month.

    For the 2024-11-01 period, Pontiac had 55 MLS listings, a difference of 0 listings (0%) versus the prior month and 4 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pontiac (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,514 sqft
    2018-02-01 0 days 1,517 sqft
    2018-03-01 0 days 1,550 sqft
    2018-04-01 0 days 1,500 sqft
    2018-05-01 0 days 1,524 sqft
    2018-06-01 0 days 1,568 sqft
    2018-07-01 0 days 1,566 sqft
    2018-08-01 0 days 1,575 sqft
    2018-09-01 0 days 1,616 sqft
    2018-10-01 0 days 1,630 sqft
    2018-11-01 0 days 1,619 sqft
    2018-12-01 0 days 1,621 sqft
    2019-01-01 0 days 1,617 sqft
    2019-02-01 0 days 1,592 sqft
    2019-03-01 0 days 1,540 sqft
    2019-04-01 0 days 1,529 sqft
    2019-05-01 0 days 1,539 sqft
    2019-06-01 0 days 1,540 sqft
    2019-07-01 0 days 1,523 sqft
    2019-08-01 0 days 1,523 sqft
    2019-09-01 0 days 1,523 sqft
    2019-10-01 0 days 1,523 sqft
    2019-11-01 0 days 1,565 sqft
    2019-12-01 0 days 1,573 sqft
    2020-01-01 0 days 1,580 sqft
    2020-02-01 0 days 1,565 sqft
    2020-03-01 0 days 1,569 sqft
    2020-04-01 0 days 1,566 sqft
    2020-05-01 0 days 1,663 sqft
    2020-06-01 0 days 1,660 sqft
    2020-07-01 0 days 1,615 sqft
    2020-08-01 0 days 1,617 sqft
    2020-09-01 0 days 1,632 sqft
    2020-10-01 0 days 1,623 sqft
    2020-11-01 0 days 1,592 sqft
    2020-12-01 0 days 1,604 sqft
    2021-01-01 0 days 1,608 sqft
    2021-02-01 0 days 1,632 sqft
    2021-03-01 0 days 1,673 sqft
    2021-04-01 0 days 1,644 sqft
    2021-05-01 0 days 1,643 sqft
    2021-06-01 0 days 1,687 sqft
    2021-07-01 0 days 1,693 sqft
    2021-08-01 0 days 1,678 sqft
    2021-09-01 0 days 1,728 sqft
    2021-10-01 0 days 1,785 sqft
    2021-11-01 0 days 1,865 sqft
    2021-12-01 0 days 1,752 sqft
    2022-01-01 0 days 1,599 sqft
    2022-02-01 0 days 1,501 sqft
    2022-03-01 0 days 1,546 sqft
    2022-04-01 0 days 1,554 sqft
    2022-05-01 0 days 1,659 sqft
    2022-06-01 0 days 1,731 sqft
    2022-07-01 0 days 1,665 sqft
    2022-08-01 0 days 1,551 sqft
    2022-09-01 0 days 1,548 sqft
    2022-10-01 0 days 1,532 sqft
    2022-11-01 0 days 1,573 sqft
    2022-12-01 0 days 1,615 sqft
    2023-01-01 0 days 1,556 sqft
    2023-02-01 0 days 1,611 sqft
    2023-03-01 0 days 1,556 sqft
    2023-04-01 0 days 1,581 sqft
    2023-05-01 0 days 1,552 sqft
    2023-06-01 0 days 1,594 sqft
    2023-07-01 0 days 1,547 sqft
    2023-08-01 0 days 1,575 sqft
    2023-09-01 0 days 1,552 sqft
    2023-10-01 0 days 1,627 sqft
    2023-11-01 0 days 1,643 sqft
    2023-12-01 0 days 1,714 sqft
    2024-01-01 0 days 1,736 sqft
    2024-02-01 0 days 1,644 sqft
    2024-03-01 0 days 1,703 sqft
    2024-04-01 0 days 1,621 sqft
    2024-05-01 0 days 1,631 sqft
    2024-06-01 0 days 1,528 sqft
    2024-07-01 0 days 1,586 sqft
    2024-08-01 0 days 1,640 sqft
    2024-09-01 0 days 1,742 sqft
    2024-10-01 0 days 1,640 sqft
    2024-11-01 0 days 1,621 sqft
    Pontiac's median listing age (time on market) for 2024-11-01 was 0 days.

    Pontiac's median square footage for active listings during the 2024-11-01 period was 1,621 sqft. One year prior, the average listing was 1,643 sqft.

    Pontiac, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 429 $53,375,000 $124,417
    Home Improvement 62 $2,480,000 $40,000
    Other 55 $3,235,000 $58,818
    Refi 54 $5,660,000 $104,815
    Cash Out Refi 51 $6,165,000 $120,882

    Pontiac's most frequently cited loan purpose was Home Purchase, with 429 originations. The 2nd most popular reason was Home Improvement, with 62 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 182 $27,180,000 $149,341
    7-8% 116 $14,660,000 $126,379
    Over 8% 77 $6,095,000 $79,156
    5-6% 33 $4,575,000 $138,636
    <2.5% 20 $140,000 $7,000
    3-4% 2 $170,000 $85,000
    4-5% 1 $145,000 $145,000

    During 2023, Pontiac's most frequently originated rate bucket was 6-7%, with 182 originations.

    Loan Sizing (Pontiac, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 363 $17,535,000 $48,306
    $100k-200k 217 $31,005,000 $142,880
    $200k-400k 60 $15,380,000 $256,333
    $400k-600k 7 $3,255,000 $465,000
    $600k-1000k 2 $1,690,000 $845,000
    $Over $1MM 2 $2,050,000 $1,025,000

    Pontiac's loan sizing saw the bucket of loans from $100,000 or less with 363 originations, totaling $17,535,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 242 $37,300,000 $154,132
    60-80% 68 $8,780,000 $129,118
    Under 20% 51 $825,000 $16,176
    40-60% 32 $3,550,000 $110,938
    20-40% 31 $1,685,000 $54,355
    Over 100% 4 $540,000 $135,000

    Pontiac's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 242 originations, totaling $37,300,000 in origination value.