Pontiac Mortgage Rates & Closing Costs
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% |
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.).
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.