Quincy Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Quincy averaged
6.77%
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
6.7% and
one month ago for the week of 2025-05-15, the
average rate was 6.77%.
Quincy's average rate one year ago was 7.11%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Quincy 30 Year Fixed Rate | 2025-06-18 | 6.77% |
| Quincy 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Quincy 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Quincy 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Quincy 30 Year FHA | 2025-06-18 | 0.42% |
| Quincy 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Quincy 30 Year USDA | 2025-06-18 | -0.2% |
| Quincy 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Quincy 30 Year VA | 2025-06-18 | -0.2% |
| Quincy 30 Year VA Refi | 2025-06-18 | 0% |
Quincy 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 Quincy, IL-MO 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.).
Quincy Average Closing Costs & Other Stats
Quincy, IL-MO's 47 lenders originated 802
loans during 2024. The total origination value was $128,470,000, with an average loan value of
$160,187.
Quincy's average closing costs are $3,164.
The top Quincy lender as defined by loan originations is United Community Bank, with
67 loans originated. Their average total fees are
$1,979, which is $126
higher than the next largest lender,
First Bankers Trust Company.
The lowest fee Quincy lenders (with over 10 loans originated) are
First Bankers Trust Company ($1,853), United Community Bank ($1,979), Bank of Springfield ($2,078), HomeBank ($2,144) and CROSSCOUNTRY MORTGAGE, LLC ($3,652).
The lowest rate Quincy lenders (with over 10 loans originated) are
United Community Bank (6.53%), First Bankers Trust Company (6.67%), HomeBank (6.69%), FLAT BRANCH MORTGAGE, INC. (6.75%) and Bank of Springfield (6.75%).
Quincy, IL-MO 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 |
|---|---|---|---|---|
| United Community Bank | $17,490,000 | $18,675,000 | 6.8% | 14.5% |
| HomeBank | $9,280,000 | $11,050,000 | 19.1% | 8.6% |
| CIBC Bank USA | $10,805,000 | n/a | 8.4% | |
| CROSSCOUNTRY MORTGAGE, LLC | $9,650,000 | $10,745,000 | 11.3% | 8.4% |
| First Bankers Trust Company | $17,820,000 | $10,020,000 | -43.8% | 7.8% |
| Mortgage Research Center, LLC | $4,740,000 | $8,165,000 | 72.3% | 6.4% |
| FLAT BRANCH MORTGAGE, INC. | $5,305,000 | $7,210,000 | 35.9% | 5.6% |
| QUICKEN LOANS, LLC | $1,815,000 | $5,345,000 | 194.5% | 4.2% |
| Bank of Springfield | $3,230,000 | $4,420,000 | 36.8% | 3.4% |
| GERSHMAN INVESTMENT CORP. | $890,000 | $3,335,000 | 274.7% | 2.6% |
| COMPEER FINANCIAL, FLCA | $805,000 | $2,655,000 | 229.8% | 2.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $1,365,000 | $2,400,000 | 75.8% | 1.9% |
| THOMPSON KANE & COMPANY, LLC | $1,750,000 | $2,335,000 | 33.4% | 1.8% |
| USAA Federal Savings Bank | $445,000 | $1,705,000 | 283.1% | 1.3% |
| JPMorgan Chase Bank | $460,000 | $1,560,000 | 239.1% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $240,000 | $1,515,000 | 531.3% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $1,355,000 | n/a | 1.1% | |
| DELMAR FINANCIAL COMPANY | $570,000 | $1,290,000 | 126.3% | 1.0% |
| HNB National Bank | $925,000 | $1,215,000 | 31.4% | 0.9% |
| U.S. Bank | $720,000 | $1,090,000 | 51.4% | 0.8% |
| BROKER SOLUTIONS, INC. | $270,000 | $1,025,000 | 279.6% | 0.8% |
| Bank of America | $1,300,000 | $920,000 | -29.2% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $710,000 | $735,000 | 3.5% | 0.6% |
| The Huntington National Bank | $470,000 | $720,000 | 53.2% | 0.6% |
| LAKE MICHIGAN CREDIT UNION | $690,000 | n/a | 0.5% | |
| First Mid Bank & Trust | $1,340,000 | $665,000 | -50.4% | 0.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,020,000 | $655,000 | -35.8% | 0.5% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $615,000 | n/a | 0.5% | |
| Midwest BankCentre | $605,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $595,000 | $565,000 | -5.0% | 0.4% |
| Fifth Third Bank | $540,000 | n/a | 0.4% | |
| PLANET HOME LENDING, LLC | $500,000 | n/a | 0.4% | |
| NEW DAY FINANCIAL, LLC | $175,000 | $485,000 | 177.1% | 0.4% |
| Deere Employees Credit Union | $295,000 | $480,000 | 62.7% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $205,000 | $465,000 | 126.8% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $215,000 | $450,000 | 109.3% | 0.4% |
| Fortress Bank | $425,000 | n/a | 0.3% | |
| Heartland Bank and Trust Company | $1,065,000 | $425,000 | -60.1% | 0.3% |
| NFM, INC. | $1,205,000 | $400,000 | -66.8% | 0.3% |
| RESIDENTIAL BANCORP | $705,000 | $390,000 | -44.7% | 0.3% |
| GUILD MORTGAGE COMPANY | $250,000 | $370,000 | 48.0% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $105,000 | $365,000 | 247.6% | 0.3% |
| IOWA BANKERS MORTGAGE CORPORATION | $345,000 | n/a | 0.3% | |
| BETTER MORTGAGE CORPORATION | $335,000 | n/a | 0.3% | |
| Financial Funding Solutions, Inc. | $605,000 | $335,000 | -44.6% | 0.3% |
| First United Bank and Trust Company | $325,000 | n/a | 0.3% | |
| M&T Bank | $320,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $300,000 | n/a | 0.2% | |
| The Central Trust Bank | $275,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $430,000 | $255,000 | -40.7% | 0.2% |
| GREENSTATE CREDIT UNION | $70,000 | $250,000 | 257.1% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $180,000 | $235,000 | 30.6% | 0.2% |
| LOANDEPOT.COM, LLC | $580,000 | $230,000 | -60.3% | 0.2% |
| EVERETT FINANCIAL, INC. | $225,000 | n/a | 0.2% | |
| PREMIA MORTGAGE, LLC | $540,000 | $225,000 | -58.3% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $205,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | n/a | 0.2% | |
| NEWREZ LLC | $410,000 | $195,000 | -52.4% | 0.2% |
| Servion, Inc. | $195,000 | n/a | 0.2% | |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $190,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $65,000 | $180,000 | 176.9% | 0.1% |
| DUPACO COMMUNITY | $175,000 | n/a | 0.1% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
| FCS Financial FLCA | $165,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $165,000 | n/a | 0.1% | |
| T2 FINANCIAL LLC | $165,000 | n/a | 0.1% | |
| Centier Bank | $95,000 | $155,000 | 63.2% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $125,000 | $150,000 | 20.0% | 0.1% |
| Citizens Bank | $145,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $415,000 | $145,000 | -65.1% | 0.1% |
| First Bank | $135,000 | $145,000 | 7.4% | 0.1% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $145,000 | n/a | 0.1% | |
| Ixonia Bank | $135,000 | n/a | 0.1% | |
| Morton Community Bank | $135,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $130,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $125,000 | n/a | 0.1% | |
| CNB Bank And Trust, N.A. | $115,000 | n/a | 0.1% | |
| Community Mortgage Banc Corporation | $690,000 | $115,000 | -83.3% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $225,000 | $105,000 | -53.3% | 0.1% |
| Plains Commerce Bank | $105,000 | n/a | 0.1% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $265,000 | $105,000 | -60.4% | 0.1% |
| Arvest Bank | $205,000 | $85,000 | -58.5% | 0.1% |
| Busey Bank | $115,000 | $85,000 | -26.1% | 0.1% |
| Coastal Community Bank | $40,000 | $85,000 | 112.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $85,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $85,000 | n/a | 0.1% | |
| Bell Bank | $85,000 | $65,000 | -23.5% | 0.1% |
| Figure Lending LLC | $25,000 | $60,000 | 140.0% | 0.0% |
| Commerce Bank | $610,000 | $55,000 | -91.0% | 0.0% |
| Discover Bank | $110,000 | $55,000 | -50.0% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $35,000 | n/a | 0.0% | |
| Midwest Heritage Bank FSB | $695,000 | $25,000 | -96.4% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $25,000 | n/a | 0.0% |
Quincy's top lender by overall market share is United Community Bank, with 14.5% market share. In second place, with 8.6%, is HomeBank, having originated $11,050,000 in loans. In third place, with 8.4%, is CIBC Bank USA, having originated $10,805,000 in loans. In fourth place, with 8.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $10,745,000 in loans. In fifth place, with 7.8%, is First Bankers Trust Company, having originated $10,020,000 in loans.
Quincy, IL-MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 540 | $98,860,000 | $183,074 |
| Refi | 101 | $14,965,000 | $148,168 |
| Cash Out Refi | 87 | $10,745,000 | $123,506 |
| Home Improvement | 43 | $2,305,000 | $53,605 |
| Other | 31 | $1,595,000 | $51,452 |
Quincy's most frequently cited loan purpose was Home Purchase, with 540 originations. The 2nd most popular reason was Refi, with 101 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 404 | $64,720,000 | $160,198 |
| 7-8% | 177 | $26,315,000 | $148,672 |
| 5-6% | 103 | $17,155,000 | $166,553 |
| Over 8% | 92 | $18,280,000 | $198,696 |
| 4-5% | 18 | $1,580,000 | $87,778 |
| <2.5% | 5 | $35,000 | $7,000 |
| 3-4% | 2 | $360,000 | $180,000 |
During 2024, Quincy's most frequently originated rate bucket was 6-7%, with 404 originations.
Loan Sizing (Quincy, IL-MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 345 | $50,275,000 | $145,725 |
| $100,000 or less | 288 | $16,210,000 | $56,285 |
| $200k-400k | 139 | $36,265,000 | $260,899 |
| $400k-600k | 26 | $12,670,000 | $487,308 |
| $600k-1000k | 2 | $1,220,000 | $610,000 |
| $Over $1MM | 2 | $11,830,000 | $5,915,000 |
Quincy's loan sizing saw the bucket of loans from $100k-200k with 345 originations, totaling $50,275,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 392 | $67,810,000 | $172,985 |
| 60-80% | 175 | $38,095,000 | $217,686 |
| 20-40% | 75 | $5,415,000 | $72,200 |
| Under 20% | 73 | $2,195,000 | $30,068 |
| 40-60% | 57 | $8,155,000 | $143,070 |
| Over 100% | 11 | $3,115,000 | $283,182 |
Quincy's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 392 originations, totaling $67,810,000 in origination value.