Rochelle Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Rochelle averaged 6.89% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.62% and one month ago for the week of 2024-10-03, the average rate was 6.12%.

    Rochelle's average rate one year ago was 8.06%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Rochelle 30 Year Fixed Rate 2024-11-07 6.89%
    Rochelle 30 Year Fixed Rate Refi 2024-11-07 6.89%
    Rochelle 15 Year Fixed Rate 2024-11-07 6.2%
    Rochelle 15 Year Fixed Rate Refi 2024-11-07 6.4%
    Rochelle 30 Year FHA 2024-11-07 6.56%
    Rochelle 30 Year FHA Refi 2024-11-07 6.33%
    Rochelle 30 Year USDA 2024-11-07 6.38%
    Rochelle 30 Year USDA Refi 2024-11-07 6.58%
    Rochelle 30 Year VA 2024-11-07 6.34%
    Rochelle 30 Year VA Refi 2024-11-07 6.24%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Rochelle, IL.

    Rochelle 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 Rochelle, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Stillman Bank 35 6.69% $2,063
    GREENSTATE CREDIT UNION 26 6.53% $2,773
    Central Bank Illinois 19 6.81% $2,303
    Byron Bank 16 6.92% $2,827
    Blackhawk Bank 14 6.81% $3,824
    QUICKEN LOANS, LLC 12 6.83% $6,357
    ENVOY MORTGAGE, LTD 11 6.99% $4,804
    FIRST NORTHERN Credit Union 11 6.83% $2,813
    JPMorgan Chase Bank 9 7.01% $5,044
    U.S. Bank 8 6.95% $2,859
    GUILD MORTGAGE COMPANY 7 7.13% $5,387
    First State Bank 6 6.56% $2,214
    COMPEER FINANCIAL, FLCA 4 7.81% $4,104
    Midland States Bank 4 7.06% $3,355
    The Huntington National Bank 4 6.78% $2,762
    UNITED WHOLESALE MORTGAGE, LLC 4 7.25% $4,972
    CROSSCOUNTRY MORTGAGE, LLC 4 6.96% $5,821
    Community Mortgage Banc Corporation 3 7.58% $3,108
    Key Mortgage Services, Inc. 3 6.96% $4,313
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 6.21% $3,561
    First National Bank of Omaha 3 6.42% $3,371
    CHURCHILL MORTGAGE CORPORATION 3 7.50% $4,436
    Fifth Third Bank 3 7.08% $3,631
    LOANDEPOT.COM, LLC 2 7.50% $4,876
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.06% $4,210
    Bank of America 2 7.19% $5,305
    COMPASS MORTGAGE, INC. 2 6.31% $4,031
    Flanagan State Bank 2 6.94% $4,340
    GUARANTEED RATE, INC. 2 7.06% $6,216
    University of Wisconsin Credit Union 2 7.56% $2,645
    NAVY FEDERAL CREDIT UNION 2 7.50% $1,871
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.00% $5,174
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.99% $4,391
    Mortgage Research Center, LLC 2 7.13% $5,503
    Old Second National Bank 2 6.31% $4,670
    CITIZENS EQUITY FIRST 2 5.94% $875
    PLANET HOME LENDING, LLC 2 6.63% $3,552
    PNC Bank 2 7.13% $3,532
    ZILLOW HOME LOANS, LLC 1 7.13% $3,988
    Associated Bank 1 6.88% $3,114
    AXIA FINANCIAL, LLC 1 7.38% $4,455
    Baxter Credit Union 1 5.88% $6,290
    BAY EQUITY LLC 1 6.38% $3,068
    BMO Harris Bank 1 7.25% $3,297
    BROKER SOLUTIONS, INC. 1 6.85% $6,743
    CALIBER HOME LOANS, INC. 1 7.50% $3,349
    CARDINAL FINANCIAL 1 7.63% $5,627
    Century Mortgage Company DBA Century Lending Company 1 6.13% $5,723
    DAS Acquisition Company, LLC 1 6.50% $5,171
    Deere Employees Credit Union 1 6.25% $5,155
    DUPACO COMMUNITY 1 5.75% $3,248
    First Community Credit Union 1 6.00% $1,558
    First Federal Bank 1 6.75% $2,514
    First Mid Bank & Trust 1 8.13% $4,319
    First National Bank of America 1 11.50% $6,105
    Flagstar Bank, FSB 1 6.88% $7,057
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $2,918
    FOUNDATION MORTGAGE CORPORATION 1 8.00% $10,133
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.38% $4,183
    HOMESIDE FINANCIAL, LLC 1 6.99% $3,419
    Iroquois Federal Savings and Loan Association 1 6.75% $2,556
    NATIONS RELIABLE LENDING, LLC 1 6.38% $2,303
    NBKC BANK 1 5.63% $4,326
    Neighborhood Loans, Inc. 1 8.00% $4,883
    NEWREZ LLC 1 7.75% $4,496
    NORTHWEST BANK OF ROCKFORD 1 6.50% $2,776
    NUMARK CREDIT UNION 1 6.63% $2,798
    Old National Bank 1 6.38% $3,208
    Paramount Residential Mortgage Group, Inc. 1 6.50% $8,016
    PENNYMAC LOAN SERVICES, LLC 1 5.88% $6,829
    PLAZA HOME MORTGAGE, INC. 1 5.88% $4,854
    Rock Valley Credit Union 1 6.91% $2,433
    Summit Credit Union 1 8.13% $2,725
    The First National Bank and Trust Company 1 6.63% $2,783
    USAA Federal Savings Bank 1 6.13% $5,800
    ALLIANT CREDIT UNION 1 6.88% $4,932

    Rochelle Average Closing Costs & Other Stats

    Rochelle, IL's 76 lenders originated 749 loans during 2023. The total origination value was $111,225,000, with an average loan value of $148,498.

    Rochelle's average closing costs are $4,067.

    The top Rochelle lender as defined by loan originations is Stillman Bank, with 35 loans originated. Their average total fees are $2,063, which is $710 lower than the next largest lender, GREENSTATE CREDIT UNION.

    The lowest fee Rochelle lenders (with over 10 loans originated) are Stillman Bank ($2,063), Central Bank Illinois ($2,303), GREENSTATE CREDIT UNION ($2,773), FIRST NORTHERN Credit Union ($2,813) and Byron Bank ($2,827).

    The lowest rate Rochelle lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION (6.53%), Stillman Bank (6.69%), Blackhawk Bank (6.81%), Central Bank Illinois (6.81%) and FIRST NORTHERN Credit Union (6.83%).

    Rochelle, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Central Bank Illinois $8,435,000 $7,500,000 -11.1% 6.7%
    Holcomb Bank $13,000,000 $7,010,000 -46.1% 6.3%
    GREENSTATE CREDIT UNION $880,000 $6,850,000 678.4% 6.2%
    Stillman Bank $10,025,000 $6,580,000 -34.4% 5.9%
    QUICKEN LOANS, LLC $7,765,000 $6,235,000 -19.7% 5.6%
    Byron Bank $5,385,000 $3,985,000 -26.0% 3.6%
    Mortgage Research Center, LLC $4,430,000 $3,890,000 -12.2% 3.5%
    ENVOY MORTGAGE, LTD $4,980,000 $3,110,000 -37.6% 2.8%
    FIRST NORTHERN Credit Union $1,600,000 $2,750,000 71.9% 2.5%
    LOANDEPOT.COM, LLC $1,720,000 $2,670,000 55.2% 2.4%
    First State Bank $4,270,000 $2,665,000 -37.6% 2.4%
    JPMorgan Chase Bank $1,605,000 $2,500,000 55.8% 2.2%
    GUILD MORTGAGE COMPANY $2,335,000 n/a 2.1%
    Blackhawk Bank $4,720,000 $2,305,000 -51.2% 2.1%
    UNITED WHOLESALE MORTGAGE, LLC $1,980,000 $2,140,000 8.1% 1.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,345,000 $1,945,000 44.6% 1.7%
    COMPASS MORTGAGE, INC. $2,405,000 $1,865,000 -22.5% 1.7%
    Union Savings Bank $5,670,000 $1,820,000 -67.9% 1.6%
    U.S. Bank $3,235,000 $1,760,000 -45.6% 1.6%
    GUARANTEED RATE, INC. $2,180,000 $1,735,000 -20.4% 1.6%
    CROSSCOUNTRY MORTGAGE, LLC $1,765,000 $1,695,000 -4.0% 1.5%
    COMPEER FINANCIAL, FLCA $835,000 $1,550,000 85.6% 1.4%
    PNC Bank $315,000 $1,370,000 334.9% 1.2%
    Midland States Bank $970,000 $1,365,000 40.7% 1.2%
    First National Bank of Omaha $1,500,000 $1,180,000 -21.3% 1.1%
    USAA Federal Savings Bank $995,000 $1,135,000 14.1% 1.0%
    MUTUAL OF OMAHA MORTGAGE, INC. $660,000 $1,075,000 62.9% 1.0%
    Sauk Valley Bank & Trust Company $1,620,000 $1,025,000 -36.7% 0.9%
    Community Mortgage Banc Corporation $1,815,000 $1,000,000 -44.9% 0.9%
    The Huntington National Bank $1,170,000 $975,000 -16.7% 0.9%
    Old Second National Bank $460,000 $920,000 100.0% 0.8%
    DRAPER AND KRAMER MORTGAGE CORP. $395,000 $910,000 130.4% 0.8%
    Old National Bank $250,000 $895,000 258.0% 0.8%
    CALIBER HOME LOANS, INC. $530,000 $885,000 67.0% 0.8%
    ACADEMY MORTGAGE CORPORATION $1,590,000 $805,000 -49.4% 0.7%
    FIRST CENTENNIAL MORTGAGE CORPORATION $2,035,000 $790,000 -61.2% 0.7%
    Rock Valley Credit Union $785,000 $790,000 0.6% 0.7%
    Key Mortgage Services, Inc. $625,000 n/a 0.6%
    PLANET HOME LENDING, LLC $955,000 $615,000 -35.6% 0.6%
    LAKEVIEW LOAN SERVICING, LLC $475,000 $575,000 21.1% 0.5%
    NEW DAY FINANCIAL, LLC $665,000 $550,000 -17.3% 0.5%
    NEWREZ LLC $495,000 $545,000 10.1% 0.5%
    GUARANTEED RATE AFFINITY, LLC $235,000 $525,000 123.4% 0.5%
    PLAZA HOME MORTGAGE, INC. $590,000 $510,000 -13.6% 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $500,000 n/a 0.4%
    CARDINAL FINANCIAL $320,000 $480,000 50.0% 0.4%
    CHURCHILL MORTGAGE CORPORATION $470,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $1,345,000 $470,000 -65.1% 0.4%
    Fifth Third Bank $1,325,000 $465,000 -64.9% 0.4%
    Bank of America $270,000 $460,000 70.4% 0.4%
    University of Wisconsin Credit Union $215,000 $455,000 111.6% 0.4%
    Deere Employees Credit Union $50,000 $450,000 800.0% 0.4%
    The Harvard State Bank $1,295,000 $415,000 -68.0% 0.4%
    NORTHWEST BANK OF ROCKFORD $1,230,000 $405,000 -67.1% 0.4%
    CITIZENS EQUITY FIRST $155,000 $390,000 151.6% 0.4%
    Flanagan State Bank $1,000,000 $365,000 -63.5% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $2,740,000 $365,000 -86.7% 0.3%
    Farmers National Bank $190,000 $350,000 84.2% 0.3%
    First Community Credit Union $55,000 $350,000 536.4% 0.3%
    DAS Acquisition Company, LLC $325,000 n/a 0.3%
    Magnolia Bank $325,000 n/a 0.3%
    Associated Bank $275,000 $320,000 16.4% 0.3%
    Neighborhood Loans, Inc. $410,000 $315,000 -23.2% 0.3%
    Flagstar Bank, FSB $560,000 $310,000 -44.6% 0.3%
    Simmons Bank $275,000 n/a 0.2%
    BMO Harris Bank $365,000 $270,000 -26.0% 0.2%
    Century Mortgage Company DBA Century Lending Company $260,000 n/a 0.2%
    Mutual Federal Bank $125,000 $255,000 104.0% 0.2%
    ZILLOW HOME LOANS, LLC $255,000 n/a 0.2%
    Cornerstone National Bank & Trust Company $245,000 n/a 0.2%
    Iroquois Federal Savings and Loan Association $245,000 n/a 0.2%
    Baxter Credit Union $240,000 n/a 0.2%
    Discover Bank $45,000 $230,000 411.1% 0.2%
    United Community Bank $1,295,000 $230,000 -82.2% 0.2%
    FOUNDATION MORTGAGE CORPORATION $215,000 n/a 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $215,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $500,000 $205,000 -59.0% 0.2%
    Paramount Residential Mortgage Group, Inc. $645,000 $205,000 -68.2% 0.2%
    Resource Bank, N.A. $205,000 n/a 0.2%
    Coastal Community Bank $200,000 n/a 0.2%
    Sierra Pacific Mortgage Company, Inc. $195,000 n/a 0.2%
    THE ANDERSON FINANCIAL GROUP, INC. $195,000 n/a 0.2%
    PENNYMAC LOAN SERVICES, LLC $1,230,000 $190,000 -84.6% 0.2%
    Allied First Bank,sb $185,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $185,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $135,000 $180,000 33.3% 0.2%
    DUPACO COMMUNITY $475,000 $175,000 -63.2% 0.2%
    AMERISAVE MORTGAGE CORPORATION $710,000 $165,000 -76.8% 0.1%
    FLAT BRANCH MORTGAGE, INC. $905,000 $165,000 -81.8% 0.1%
    NATIONS RELIABLE LENDING, LLC $165,000 n/a 0.1%
    NBKC BANK $165,000 n/a 0.1%
    NUMARK CREDIT UNION $165,000 n/a 0.1%
    The First National Bank and Trust Company $160,000 n/a 0.1%
    BAY EQUITY LLC $155,000 n/a 0.1%
    SPRING EQ, LLC $110,000 $155,000 40.9% 0.1%
    Figure Lending LLC $125,000 $150,000 20.0% 0.1%
    ALLIANT CREDIT UNION $35,000 $145,000 314.3% 0.1%
    EVERETT FINANCIAL, INC. $185,000 $145,000 -21.6% 0.1%
    Illinois Community Credit Unio $235,000 $145,000 -38.3% 0.1%
    First Mid Bank & Trust $135,000 n/a 0.1%
    MORIA DEVELOPMENT, INC. $135,000 n/a 0.1%
    Nations Lending Corporation $135,000 n/a 0.1%
    Wells Fargo Bank $1,940,000 $135,000 -93.0% 0.1%
    Bank of Pontiac $125,000 n/a 0.1%
    Lakeview Community Capital, LLC $25,000 $125,000 400.0% 0.1%
    LEADERONE FINANCIAL CORPORATION $145,000 $125,000 -13.8% 0.1%
    Summit Credit Union $105,000 $125,000 19.0% 0.1%
    A&D Mortgage LLC $115,000 n/a 0.1%
    Connexus Credit Union $125,000 $115,000 -8.0% 0.1%
    ENDEAVOR CAPITAL, LLC. $185,000 $115,000 -37.8% 0.1%
    First Federal Bank $115,000 n/a 0.1%
    FREEDOM MORTGAGE CORPORATION $620,000 $115,000 -81.5% 0.1%
    Cornerstone Credit Union $110,000 n/a 0.1%
    First National Bank of America $105,000 n/a 0.1%
    AXIA FINANCIAL, LLC $95,000 n/a 0.1%
    AMERICAN HERITAGE LENDING, INC. $85,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.1%
    Citizens Bank $55,000 $55,000 0.0% 0.0%
    HealthCare Associates Credit Union $45,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $35,000 n/a 0.0%
    Bethpage Federal Credit Union $25,000 n/a 0.0%

    Rochelle's top lender by overall market share is Central Bank Illinois, with 6.7% market share. In second place, with 6.3%, is Holcomb Bank, having originated $7,010,000 in loans. In third place, with 6.2%, is GREENSTATE CREDIT UNION, having originated $6,850,000 in loans. In fourth place, with 5.9%, is Stillman Bank, having originated $6,580,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $6,235,000 in loans.

    Rochelle, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 523 $88,925,000 $170,029
    Cash Out Refi 83 $10,585,000 $127,530
    Refi 62 $6,800,000 $109,677
    Other 49 $3,125,000 $63,776
    Home Improvement 32 $1,790,000 $55,938

    Rochelle's most frequently cited loan purpose was Home Purchase, with 523 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 287 $47,945,000 $167,056
    7-8% 177 $29,755,000 $168,107
    Over 8% 88 $7,360,000 $83,636
    5-6% 86 $13,660,000 $158,837
    <2.5% 18 $150,000 $8,333
    4-5% 5 $515,000 $103,000
    3-4% 5 $565,000 $113,000

    During 2023, Rochelle's most frequently originated rate bucket was 6-7%, with 287 originations.

    Loan Sizing (Rochelle, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 335 $49,265,000 $147,060
    $100,000 or less 238 $13,530,000 $56,849
    $200k-400k 166 $43,250,000 $260,542
    $400k-600k 7 $3,195,000 $456,429
    $600k-1000k 3 $1,985,000 $661,667

    Rochelle's loan sizing saw the bucket of loans from $100k-200k with 335 originations, totaling $49,265,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 355 $66,005,000 $185,930
    60-80% 130 $19,680,000 $151,385
    Under 20% 71 $2,285,000 $32,183
    20-40% 58 $4,640,000 $80,000
    40-60% 49 $5,955,000 $121,531
    Over 100% 4 $1,390,000 $347,500

    Rochelle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 355 originations, totaling $66,005,000 in origination value.