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 6.98% 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.