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 6.89% for the week of 2023-12-07, compared to the national average of 7.03% for the same period.

The average rate for the prior week (2023-11-30) was 6.78% and one month ago for the week of 2023-11-02, the average rate was 7.42%.

Pontiac's average rate one year ago was 6.25%.

For refis of the same type during the week of 2023-12-07, the average rate was 7.13%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-12-07 7.03%
Pontiac 30 Year Fixed Rate 2023-12-07 6.89%
Pontiac 30 Year Fixed Rate Refi 2023-12-07 7.13%
Pontiac 15 Year Fixed Rate 2023-12-07 6.19%
Pontiac 15 Year Fixed Rate Refi 2023-12-07 6.49%
Pontiac 30 Year FHA 2023-12-07 6.54%
Pontiac 30 Year FHA Refi 2023-12-07 6.92%
Pontiac 30 Year USDA 2023-12-07 7.02%
Pontiac 30 Year USDA Refi 2023-12-07 6.62%
Pontiac 30 Year VA 2023-12-07 6.54%
Pontiac 30 Year VA Refi 2023-12-07 6.34%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Bank of Pontiac 48 5.03% $1,737
Flanagan State Bank 14 5.37% $2,143
Wells Fargo Bank 10 4.74% $2,815
FIRST STATE MORTGAGE SERVICES, LLC 10 4.91% $3,291
QUICKEN LOANS, LLC 7 5.64% $5,318
First State Bank 7 5.05% $1,840
Busey Bank 5 5.05% $2,286
LOANDEPOT.COM, LLC 5 5.78% $4,126
FLAT BRANCH MORTGAGE, INC. 4 5.28% $3,216
CARDINAL FINANCIAL 4 4.75% $4,212
JPMorgan Chase Bank 4 3.50% $5,580
Midland States Bank 3 4.75% $2,517
CITIZENS EQUITY FIRST 3 5.21% $2,327
CALIBER HOME LOANS, INC. 3 4.96% $4,016
Servion, Inc. 3 4.79% $3,853
FINANCIAL PLUS 3 4.38% $1,351
GUARANTEED RATE, INC. 3 5.11% $5,443
Morton Community Bank 3 4.71% $2,690
CROSSCOUNTRY MORTGAGE, LLC 2 5.56% $2,924
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.69% $4,131
Bankers' Bank 2 4.25% $3,477
COMPASS MORTGAGE, INC. 2 5.25% $3,645
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.31% $3,524
First Federal Savings Bank 2 5.19% $1,950
INB 2 4.75% $1,842
Mid-Illini Credit Union 2 5.06% $2,728
Morgan Stanley Private Bank 2 4.28% $2,602
NAVY FEDERAL CREDIT UNION 2 5.63% $2,429
NEWREZ LLC 2 4.81% $4,109
NORTHWEST BANK OF ROCKFORD 2 5.50% $3,681
The First National Bank of Ottawa 2 5.69% $3,095
Ally Bank 1 4.50% $2,335
Heartland Bank and Trust Company 1 6.50% $2,352
ILLINOIS STATE CREDIT UNION 1 5.13% $3,888
AMERISAVE MORTGAGE CORPORATION 1 4.38% $5,283
COMPEER FINANCIAL, FLCA 1 6.25% $1,667
KeyBank 1 3.38% $5,185
CMG MORTGAGE, INC. 1 4.63% $4,408
STOCKTON MORTGAGE CORPORATION 1 3.88% $3,113
Citibank 1 5.38% $3,669
The Federal Savings Bank 1 4.25% $2,749
CIBC Bank USA 1 4.38% $3,863
Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $6,255
M&T Bank 1 4.25% $4,205
AMERICAN FINANCING CORPORATION 1 4.25% $3,751
Neighborhood Loans, Inc. 1 6.13% $3,746
UNITED WHOLESALE MORTGAGE, LLC 1 3.88% $5,737
Waterstone Mortgage Corporation 1 4.88% $4,968
NUMARK CREDIT UNION 1 4.75% $5,524
Old National Bank 1 4.13% $2,666
Old Second National Bank 1 5.63% $1,597
ON Q FINANCIAL, INC. 1 3.75% $6,069
Ottawa Savings Bank 1 3.50% $4,169
Paramount Bank 1 6.00% $2,651
PENNYMAC LOAN SERVICES, LLC 1 5.00% $7,305
Petefish, Skiles & Co. 1 7.00% $3,289
Plains Commerce Bank 1 6.13% $7,571
PNC Bank 1 5.38% $2,993
PREMIA MORTGAGE, LLC 1 5.28% $0
BROKER SOLUTIONS, INC. 1 4.88% $5,147
Regions Bank 1 5.75% $3,381
First Financial Bank 1 5.50% $2,805
First American Bank 1 4.88% $5,986
Flagstar Bank, FSB 1 4.88% $3,557
Fifth Third Bank 1 5.50% $2,613
EVERETT FINANCIAL, INC. 1 3.63% $1,744
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.25% $3,691
Grundy Bank 1 4.13% $2,088

Pontiac Average Closing Costs & Other Stats

Pontiac, IL's 68 lenders originated 822 loans during 2022. The total origination value was $107,820,000, with an average loan value of $131,168.

Pontiac's average closing costs are $3,524.

The top Pontiac lender as defined by loan originations is Bank of Pontiac, with 48 loans originated. Their average total fees are $1,737, which is $406 lower than the next largest lender, Flanagan State Bank.

The lowest fee Pontiac lenders (with over 10 loans originated) are Bank of Pontiac ($1,737), Flanagan State Bank ($2,143), Wells Fargo Bank ($2,815), FIRST STATE MORTGAGE SERVICES, LLC ($3,291) and .

The lowest rate Pontiac lenders (with over 10 loans originated) are Wells Fargo Bank (4.74%), FIRST STATE MORTGAGE SERVICES, LLC (4.91%), Bank of Pontiac (5.03%), Flanagan State Bank (5.37%) and .

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Bank of Pontiac $34,560,000 $21,330,000 -38.3% 19.8%
Citibank $12,365,000 n/a 11.5%
First State Bank of Forrest $15,770,000 $9,835,000 -37.6% 9.1%
State Bank of Graymont $11,435,000 $5,900,000 -48.4% 5.5%
Flanagan State Bank $4,585,000 $4,720,000 2.9% 4.4%
QUICKEN LOANS, LLC $5,535,000 $3,330,000 -39.8% 3.1%
FLAT BRANCH MORTGAGE, INC. $755,000 $2,790,000 269.5% 2.6%
FIRST STATE MORTGAGE SERVICES, LLC $2,140,000 $2,255,000 5.4% 2.1%
LOANDEPOT.COM, LLC $2,655,000 $2,030,000 -23.5% 1.9%
Streator Onized Credit Union $2,145,000 $1,935,000 -9.8% 1.8%
Wells Fargo Bank $4,910,000 $1,875,000 -61.8% 1.7%
CROSSCOUNTRY MORTGAGE, LLC $745,000 $1,825,000 145.0% 1.7%
CITIZENS EQUITY FIRST $1,290,000 $1,645,000 27.5% 1.5%
Midland States Bank $800,000 $1,455,000 81.9% 1.3%
Morton Community Bank $1,890,000 $1,435,000 -24.1% 1.3%
GUARANTEED RATE, INC. $2,645,000 $1,360,000 -48.6% 1.3%
First State Bank $1,200,000 $1,345,000 12.1% 1.2%
Mortgage Research Center, LLC $1,605,000 $1,220,000 -24.0% 1.1%
Flagstar Bank, FSB $2,400,000 $1,165,000 -51.5% 1.1%
FREEDOM MORTGAGE CORPORATION $1,110,000 $1,165,000 5.0% 1.1%
Busey Bank $1,135,000 n/a 1.1%
JPMorgan Chase Bank $920,000 $1,095,000 19.0% 1.0%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $530,000 $945,000 78.3% 0.9%
Servion, Inc. $375,000 $910,000 142.7% 0.8%
Morgan Stanley Private Bank $850,000 n/a 0.8%
COMPEER FINANCIAL, FLCA $270,000 $700,000 159.3% 0.6%
FINANCIAL PLUS $695,000 n/a 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $745,000 $690,000 -7.4% 0.6%
CALIBER HOME LOANS, INC. $1,065,000 $680,000 -36.2% 0.6%
Waterstone Mortgage Corporation $155,000 $670,000 332.3% 0.6%
BROKER SOLUTIONS, INC. $420,000 $615,000 46.4% 0.6%
COMPASS MORTGAGE, INC. $480,000 $615,000 28.1% 0.6%
First Financial Bank $95,000 $585,000 515.8% 0.5%
Hometown Lenders, Inc. $240,000 $550,000 129.2% 0.5%
UNITED WHOLESALE MORTGAGE, LLC $910,000 $525,000 -42.3% 0.5%
Ottawa Savings Bank $850,000 $515,000 -39.4% 0.5%
U.S. Bank $375,000 $500,000 33.3% 0.5%
NORTHWEST BANK OF ROCKFORD $480,000 n/a 0.4%
AMERICAN FINANCING CORPORATION $475,000 n/a 0.4%
Mid-Illini Credit Union $470,000 n/a 0.4%
The First National Bank of Ottawa $1,435,000 $470,000 -67.2% 0.4%
Providence Bank & Trust $455,000 n/a 0.4%
NEWREZ LLC $95,000 $440,000 363.2% 0.4%
PENNYMAC LOAN SERVICES, LLC $1,490,000 $425,000 -71.5% 0.4%
AMERICAN PACIFIC MORTGAGE CORPORATION $395,000 $415,000 5.1% 0.4%
NAVY FEDERAL CREDIT UNION $265,000 $375,000 41.5% 0.3%
Petefish, Skiles & Co. $320,000 $375,000 17.2% 0.3%
PNC Bank $955,000 $370,000 -61.3% 0.3%
First Federal Savings Bank $690,000 $355,000 -48.6% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $1,245,000 $335,000 -73.1% 0.3%
INLANTA MORTGAGE, INC. $325,000 n/a 0.3%
PREMIA MORTGAGE, LLC $325,000 n/a 0.3%
Bankers' Bank $95,000 $310,000 226.3% 0.3%
Plains Commerce Bank $300,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $355,000 $280,000 -21.1% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $250,000 194.1% 0.2%
ZILLOW HOME LOANS, LLC $240,000 n/a 0.2%
CMG MORTGAGE, INC. $125,000 $230,000 84.0% 0.2%
Fifth Third Bank $220,000 n/a 0.2%
INB $2,160,000 $220,000 -89.8% 0.2%
Discover Bank $45,000 $215,000 377.8% 0.2%
ILLINOIS STATE CREDIT UNION $95,000 $215,000 126.3% 0.2%
Goodfield State Bank $25,000 $205,000 720.0% 0.2%
Grundy Bank $1,360,000 $205,000 -84.9% 0.2%
LIBERTY HOME MORTGAGE CORPORATION $185,000 n/a 0.2%
Old National Bank $185,000 n/a 0.2%
Regions Bank $170,000 $185,000 8.8% 0.2%
The Fisher National Bank $140,000 $180,000 28.6% 0.2%
CHURCHILL MORTGAGE CORPORATION $85,000 $175,000 105.9% 0.2%
TRIAD FINANCIAL SERVICES, INC. $290,000 $175,000 -39.7% 0.2%
ROYAL UNITED MORTGAGE LLC $170,000 $170,000 0.0% 0.2%
Central Federal Savings and Loan Association $165,000 n/a 0.2%
KeyBank $165,000 n/a 0.2%
ON Q FINANCIAL, INC. $165,000 n/a 0.2%
BAY EQUITY LLC $185,000 $155,000 -16.2% 0.1%
First American Bank $65,000 $155,000 138.5% 0.1%
Paramount Bank $155,000 n/a 0.1%
Peoples Bank of Kankakee County $115,000 $155,000 34.8% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $150,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $335,000 $145,000 -56.7% 0.1%
EVERETT FINANCIAL, INC. $145,000 n/a 0.1%
NATIONS RELIABLE LENDING, LLC $135,000 n/a 0.1%
Neighborhood Loans, Inc. $280,000 $135,000 -51.8% 0.1%
LAKEVIEW LOAN SERVICING, LLC $330,000 $125,000 -62.1% 0.1%
Old Second National Bank $125,000 n/a 0.1%
Pacor Mortgage Corp $125,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $120,000 n/a 0.1%
CIBC Bank USA $115,000 n/a 0.1%
Equity Prime Mortgage LLC $115,000 n/a 0.1%
United Community Bank $250,000 $115,000 -54.0% 0.1%
Century Mortgage Company DBA Century Lending Company $105,000 n/a 0.1%
Ally Bank $95,000 n/a 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $95,000 n/a 0.1%
HealthCare Associates Credit Union $25,000 $95,000 280.0% 0.1%
Orion Federal Credit Union $95,000 n/a 0.1%
The Federal Savings Bank $95,000 n/a 0.1%
NUMARK CREDIT UNION $85,000 n/a 0.1%
The Huntington National Bank $185,000 $85,000 -54.1% 0.1%
First Trust Bank of Illinois $75,000 n/a 0.1%
Iroquois Federal Savings and Loan Association $75,000 n/a 0.1%
M&T Bank $165,000 $75,000 -54.5% 0.1%
STOCKTON MORTGAGE CORPORATION $75,000 n/a 0.1%
First National Bank of Omaha $65,000 $65,000 0.0% 0.1%
BETTER MORTGAGE CORPORATION $430,000 $55,000 -87.2% 0.1%
Heartland Bank and Trust Company $1,290,000 $55,000 -95.7% 0.1%
Commerce Bank $45,000 n/a 0.0%
First Mid Bank & Trust $45,000 n/a 0.0%
21ST MORTGAGE CORPORATION $275,000 $35,000 -87.3% 0.0%
Figure Lending LLC $35,000 n/a 0.0%

Pontiac's top lender by overall market share is Bank of Pontiac, with 19.8% market share. In second place, with 11.5%, is Citibank, having originated $12,365,000 in loans. In third place, with 9.1%, is First State Bank of Forrest, having originated $9,835,000 in loans. In fourth place, with 5.5%, is State Bank of Graymont, having originated $5,900,000 in loans. In fifth place, with 4.4%, is Flanagan State Bank, having originated $4,720,000 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%) $117,582 (-6.1%) 0.00 178
2018-10-01 $99,950 (2.8%) $119,549 (-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 (1.9%) 0.00 163
2019-10-01 $90,450 (-9.5%) $119,679 (0.1%) 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%) $163,941 (27.7%) 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 $120,450 (17.5%) $147,276 (19.0%) 0.00 60
2022-01-01 $110,000 (10.0%) $138,469 (10.5%) 0.00 45
2022-02-01 $99,900 (-0.5%) $136,671 (9.8%) 0.00 38
2022-03-01 $128,475 (13.6%) $171,572 (27.3%) 0.00 34
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 (24.5%) $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 (46.4%) $164,395 (20.3%) 0.00 44
2023-03-01 $144,975 (12.8%) $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%) $141,871 (-19.6%) 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
Pontiac's median listing price for 2023-11-01 was $148,425, a difference of $8,525 (6.1%) versus the prior year and $17,750 versus the prior month.

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

Pontiac's average listing price for 2023-11-01 was $170,851, a difference of $13,002 (8.2%) versus the prior year and $9,120 versus the prior month.

For the 2023-11-01 period, Pontiac had 51 MLS listings, a difference of 8 listings (19%) versus the prior month and -6 listings (-11%) 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 1,613 sqft
2018-10-01 0 days 1,625 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 1,731 sqft
2022-01-01 0 days 1,599 sqft
2022-02-01 0 days 1,488 sqft
2022-03-01 0 days 1,515 sqft
2022-04-01 0 days 1,523 sqft
2022-05-01 0 days 1,659 sqft
2022-06-01 0 days 1,706 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
Pontiac's median listing age (time on market) for 2023-11-01 was 0 days.

Pontiac's median square footage for active listings during the 2023-11-01 period was 1,643 sqft. One year prior, the average listing was 1,573 sqft.

Pontiac, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 491 $63,995,000 $130,336
Cash Out Refi 108 $12,620,000 $116,852
Refi 98 $12,920,000 $131,837
Home Improvement 83 $16,565,000 $199,578
Other 42 $1,720,000 $40,952

Pontiac's most frequently cited loan purpose was Home Purchase, with 491 originations. The 2nd most popular reason was Cash Out Refi, with 108 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 182 $24,470,000 $134,451
4-5% 132 $16,870,000 $127,803
3-4% 119 $28,405,000 $238,697
6-7% 79 $9,125,000 $115,506
7-8% 38 $4,130,000 $108,684
2.5-3% 32 $4,590,000 $143,438
<2.5% 19 $1,285,000 $67,632
Over 8% 11 $505,000 $45,909

During 2022, Pontiac's most frequently originated rate bucket was 5-6%, with 182 originations.

Loan Sizing (Pontiac, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 423 $24,385,000 $57,648
$100k-200k 283 $39,685,000 $140,230
$200k-400k 107 $27,195,000 $254,159
$400k-600k 5 $2,505,000 $501,000
$Over $1MM 3 $13,415,000 $4,471,667
$600k-1000k 1 $635,000 $635,000

Pontiac's loan sizing saw the bucket of loans from $100,000 or less with 423 originations, totaling $24,385,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 327 $45,255,000 $138,394
60-80% 156 $23,100,000 $148,077
20-40% 42 $14,400,000 $342,857
Under 20% 35 $805,000 $23,000
40-60% 34 $3,460,000 $101,765
Over 100% 10 $1,710,000 $171,000

Pontiac's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 327 originations, totaling $45,255,000 in origination value.