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 6.63% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.06% and one month ago for the week of 2023-02-09, the average rate was 6.55%.

    Pontiac's average rate one year ago was 3.81%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.06%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Pontiac 30 Year Fixed Rate 2023-03-16 6.63%
    Pontiac 30 Year Fixed Rate Refi 2023-03-16 7.06%
    Pontiac 15 Year Fixed Rate 2023-03-16 6.87%
    Pontiac 15 Year Fixed Rate Refi 2023-03-16 6.05%
    Pontiac 30 Year FHA 2023-03-16 6.52%
    Pontiac 30 Year FHA Refi 2023-03-16 6.63%
    Pontiac 30 Year USDA 2023-03-16 6.45%
    Pontiac 30 Year USDA Refi 2023-03-16 3.24%
    Pontiac 30 Year VA 2023-03-16 6.23%
    Pontiac 30 Year VA Refi 2023-03-16 5.78%
    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 COMPANY, LIMITED PARTNERSHIP 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%) $163,895 (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%) $162,054 (7.8%) 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 $146,175 (43.5%) $163,694 (19.1%) 0.00 44
    Pontiac's median listing price for 2023-02-01 was $146,175, a difference of $44,275 (43.5%) versus the prior year and $-2,500 versus the prior month.

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

    Pontiac's average listing price for 2023-02-01 was $163,694, a difference of $26,230 (19.1%) versus the prior year and $-3,597 versus the prior month.

    For the 2023-02-01 period, Pontiac had 44 MLS listings, a difference of -2 listings (-4%) versus the prior month and 5 listings (13%) 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 1,530 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 1,627 sqft
    Pontiac's median listing age (time on market) for 2023-02-01 was 0 days.

    Pontiac's median square footage for active listings during the 2023-02-01 period was 1,627 sqft. One year prior, the average listing was 1,501 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.