ROCKFORD Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Rockford averaged 6.91% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.15% and one month ago for the week of 2024-05-02, the average rate was 7.34%.

Rockford's average rate one year ago was 7.11%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.45%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Rockford 30 Year Fixed Rate 2024-06-06 6.91%
Rockford 30 Year Fixed Rate Refi 2024-06-06 7.45%
Rockford 15 Year Fixed Rate 2024-06-06 6.73%
Rockford 15 Year Fixed Rate Refi 2024-06-06 6.79%
Rockford 30 Year FHA 2024-06-06 6.64%
Rockford 30 Year FHA Refi 2024-06-06 6.79%
Rockford 30 Year USDA 2024-06-06 6.7%
Rockford 30 Year USDA Refi 2024-06-06 6.7%
Rockford 30 Year VA 2024-06-06 6.42%
Rockford 30 Year VA Refi 2024-06-06 6.49%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ROCKFORD, IL.

ROCKFORD 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 ROCKFORD, 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
GREENSTATE CREDIT UNION 370 6.68% $3,027
Blackhawk Bank 275 6.86% $4,087
FIRST NORTHERN Credit Union 116 6.93% $3,107
ENVOY MORTGAGE, LTD 111 6.78% $5,247
QUICKEN LOANS, LLC 103 7.02% $5,891
NORTHWEST BANK OF ROCKFORD 94 6.76% $3,160
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 77 6.85% $5,257
JPMorgan Chase Bank 66 7.12% $3,009
Byron Bank 65 7.17% $3,117
Stillman Bank 62 6.57% $2,571
Barrington Bank & Trust Company, N.A. 52 7.12% $3,802
Midland States Bank 51 6.56% $3,736
U.S. Bank 42 6.94% $3,425
UNITED WHOLESALE MORTGAGE, LLC 34 7.08% $6,103
The First National Bank and Trust Company 31 6.54% $2,656
CROSSCOUNTRY MORTGAGE, LLC 29 7.03% $5,630
First Mid Bank & Trust 29 7.49% $3,678
FIRST CENTENNIAL MORTGAGE CORPORATION 28 6.63% $4,323
Associated Bank 25 6.83% $3,023
GUARANTEED RATE, INC. 24 6.69% $4,733
Rock Valley Credit Union 21 6.98% $2,531
Mr. Cooper ( Nationstar Mortgage ) 19 6.99% $6,221
PNC Bank 19 7.11% $3,636
CHURCHILL MORTGAGE CORPORATION 18 7.10% $5,525
Fifth Third Bank 18 6.94% $3,774
Neighborhood Loans, Inc. 18 7.09% $5,804
First Community Credit Union 18 6.57% $2,048
Wells Fargo Bank 17 6.77% $3,685
LOANDEPOT.COM, LLC 15 6.96% $5,308
ACADEMY MORTGAGE CORPORATION 15 7.18% $5,293
GUILD MORTGAGE COMPANY 14 7.72% $6,230
GUARANTEED RATE AFFINITY, LLC 14 6.97% $4,792
ILLINOIS STATE CREDIT UNION 13 6.54% $2,572
AMERICAN PACIFIC MORTGAGE CORPORATION 13 7.12% $6,180
The Federal Savings Bank 12 7.22% $5,654
The Huntington National Bank 12 7.01% $3,629
COMPASS MORTGAGE, INC. 11 6.94% $4,829
BMO Harris Bank 11 6.95% $3,714
First Federal Bank 11 6.52% $3,191
MORTGAGE CENTER L.C 10 6.33% $3,365
PLAZA HOME MORTGAGE, INC. 10 6.64% $5,211
Nations Lending Corporation 10 7.20% $4,290
Bank of America 9 5.93% $3,264
Mortgage Research Center, LLC 9 7.06% $4,485
NAVY FEDERAL CREDIT UNION 8 7.58% $4,194
Summit Credit Union 7 6.48% $2,968
Johnson Bank 7 6.37% $2,912
Flagstar Bank, FSB 6 6.92% $5,559
CIBM Bank 6 6.73% $4,216
BROKER SOLUTIONS, INC. 6 7.67% $6,757
PLANET HOME LENDING, LLC 6 6.73% $5,564
Key Mortgage Services, Inc. 6 6.35% $5,194
First National Bank of America 6 10.35% $7,068
MUTUAL OF OMAHA MORTGAGE, INC. 6 6.92% $5,844
ZILLOW HOME LOANS, LLC 5 7.05% $7,639
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.90% $6,505
COMPEER FINANCIAL, FLCA 5 7.78% $3,955
GENEVA FINANCIAL, LLC 5 6.58% $5,661
LEADERONE FINANCIAL CORPORATION 5 6.67% $6,108
University of Wisconsin Credit Union 5 6.73% $3,943
CALIBER HOME LOANS, INC. 4 6.47% $5,083
HOMESIDE FINANCIAL, LLC 4 6.97% $3,121
Home State Bank 4 6.94% $4,833
EDUCATORS CREDIT UNION 4 6.06% $2,632
Ixonia Bank 4 7.22% $4,810
Connexus Credit Union 4 6.86% $2,284
NEWREZ LLC 4 7.00% $5,779
FIRST STATE MORTGAGE SERVICES, LLC 4 6.97% $4,353
ROYAL UNITED MORTGAGE LLC 4 7.31% $6,391
UIF CORPORATION 4 7.28% $5,190
Baxter Credit Union 3 6.67% $3,607
First National Bank of Omaha 3 6.71% $3,361
UNION HOME MORTGAGE CORP. 3 7.21% $5,023
Platinum Home Mortgage Corporation 3 7.13% $5,683
PENNYMAC LOAN SERVICES, LLC 3 6.04% $7,420
Paramount Residential Mortgage Group, Inc. 3 7.29% $5,086
Blackhawk Community Credit Union 3 6.67% $2,561
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 7.08% $4,987
CONSUMERS COOPERATIVE CREDIT UNION 3 7.08% $4,254
CMG MORTGAGE, INC. 3 6.99% $6,051
FREEDOM MORTGAGE CORPORATION 3 7.21% $5,935
AMERISAVE MORTGAGE CORPORATION 3 7.33% $10,867
EVERETT FINANCIAL, INC. 3 7.25% $4,897
First Savings Bank 3 6.92% $4,548
The Bank of New Glarus 3 7.37% $1,520
DUPACO COMMUNITY 3 6.17% $3,101
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.31% $6,343
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.38% $4,769
GREAT LAKES 2 7.06% $4,878
DRAPER AND KRAMER MORTGAGE CORP. 2 6.31% $4,527
DEEPHAVEN MORTGAGE LLC 2 8.13% $5,303
LAKEVIEW LOAN SERVICING, LLC 2 7.80% $5,418
ALLIANT CREDIT UNION 2 6.63% $5,852
Citibank 2 6.00% $4,447
MOVEMENT MORTGAGE, LLC 2 7.44% $4,862
Citadel Servicing Corporation 2 9.50% $7,640
CARDINAL FINANCIAL 2 7.75% $6,783
Old National Bank 2 5.88% $5,728
Old Second National Bank 2 7.88% $2,618
Pacor Mortgage Corp 2 6.94% $4,083
PHH Mortgage Corporation 2 7.31% $6,416
BETTER MORTGAGE CORPORATION 2 6.38% $11,282
Bell Bank 2 6.88% $4,102
AmRes Corporation 2 9.44% $9,436
AMERICAN FINANCIAL NETWORK, INC. 2 7.50% $5,559
Ally Bank 2 5.75% $8,522
First-Citizens Bank & Trust Company 2 7.00% $4,179
First American Bank 2 7.00% $4,921
Paramount Bank 1 7.88% $3,608
LAKE MICHIGAN CREDIT UNION 1 5.38% $3,475
Cornerstone National Bank & Trust Company 1 7.25% $4,080
Alliance Credit Union 1 5.50% $5,927
Plains Commerce Bank 1 7.25% $5,655
USAA Federal Savings Bank 1 7.00% $3,736
DAS Acquisition Company, LLC 1 7.50% $5,731
Allied First Bank,sb 1 7.13% $4,148
BAY EQUITY LLC 1 6.25% $6,054
PREMIA MORTGAGE, LLC 1 5.98% $0
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.63% $5,338
PROPER RATE, LLC 1 6.50% $3,666
Prosperity Home Mortgage, LLC 1 7.13% $3,825
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.50% $2,931
Discover Bank 1 8.49% $0
Quontic Bank 1 11.00% $12,940
RBC Bank, (Georgia) 1 5.75% $1,921
Regions Bank 1 5.13% $12,596
R.I.A. Federal Credit Union 1 6.00% $3,019
Bank of Springfield 1 6.80% $1,940
GUIDANCE RESIDENTIAL, LLC 1 7.88% $4,991
Simmons Bank 1 6.63% $3,765
Bank Five Nine 1 6.88% $3,205
SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $3,668
VAN DYK MORTGAGE CORPORATION 1 7.13% $3,790
GSF Mortgage Corporation 1 6.13% $2,145
The Central Trust Bank 1 6.13% $2,537
Waterstone Mortgage Corporation 1 7.50% $5,768
FOX COMMUNITIES 1 7.75% $2,426
The First National Bank of Ottawa 1 7.50% $2,759
VERVE, A CREDIT UNION 1 5.88% $4,085
Morgan Stanley Private Bank 1 6.28% $3,373
The Loan Store, Inc. 1 8.50% $4,324
THOMPSON KANE & COMPANY, LLC 1 6.88% $10,287
THRIVE MORTGAGE, LLC 1 7.13% $3,119
Charles Schwab Bank, SSB 1 7.00% $1,359
Central Bank Illinois 1 6.50% $2,715
NATIONS RELIABLE LENDING, LLC 1 7.63% $7,702
TOWNE MORTGAGE COMPANY 1 6.75% $5,228
MEMBER FIRST MORTGAGE, LLC 1 6.75% $3,786
MARINE 1 9.38% $7,787
Northpointe Bank 1 7.50% $7,018
Lakeview Community Capital, LLC 1 7.99% $6,421
FLAT BRANCH MORTGAGE, INC. 1 5.99% $3,561
EMBRACE HOME LOANS, INC. 1 7.38% $6,626
First Bank 1 7.50% $4,171

ROCKFORD Average Closing Costs & Other Stats

ROCKFORD, IL's 154 lenders originated 5,727 loans during 2023. The total origination value was $825,515,000, with an average loan value of $144,144.

ROCKFORD's average closing costs are $4,045.

The top ROCKFORD lender as defined by loan originations is GREENSTATE CREDIT UNION, with 370 loans originated. Their average total fees are $3,027, which is $1,059 lower than the next largest lender, Blackhawk Bank.

The lowest fee ROCKFORD lenders (with over 10 loans originated) are First Community Credit Union ($2,048), Rock Valley Credit Union ($2,531), Stillman Bank ($2,571), ILLINOIS STATE CREDIT UNION ($2,572) and The First National Bank and Trust Company ($2,656).

The lowest rate ROCKFORD lenders (with over 10 loans originated) are MORTGAGE CENTER L.C (6.33%), First Federal Bank (6.52%), ILLINOIS STATE CREDIT UNION (6.54%), The First National Bank and Trust Company (6.54%) and Midland States Bank (6.56%).

ROCKFORD, 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
GREENSTATE CREDIT UNION $35,370,000 $95,825,000 170.9% 11.6%
Blackhawk Bank $107,950,000 $74,540,000 -30.9% 9.0%
QUICKEN LOANS, LLC $50,470,000 $40,950,000 -18.9% 5.0%
ENVOY MORTGAGE, LTD $74,220,000 $34,705,000 -53.2% 4.2%
NORTHWEST BANK OF ROCKFORD $31,760,000 $22,935,000 -27.8% 2.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $13,120,000 $22,665,000 72.8% 2.7%
Byron Bank $21,265,000 $21,920,000 3.1% 2.7%
FIRST NORTHERN Credit Union $26,500,000 $20,990,000 -20.8% 2.5%
Mortgage Research Center, LLC $16,340,000 $19,445,000 19.0% 2.4%
Midland States Bank $36,325,000 $16,870,000 -53.6% 2.0%
ACADEMY MORTGAGE CORPORATION $20,210,000 $16,435,000 -18.7% 2.0%
UNITED WHOLESALE MORTGAGE, LLC $13,120,000 $14,670,000 11.8% 1.8%
Stillman Bank $20,760,000 $14,355,000 -30.9% 1.7%
JPMorgan Chase Bank $18,985,000 $14,280,000 -24.8% 1.7%
U.S. Bank $20,530,000 $13,225,000 -35.6% 1.6%
Old Plank Trail Community Bank $12,335,000 n/a 1.5%
Barrington Bank & Trust Company, N.A. $17,700,000 $11,720,000 -33.8% 1.4%
CROSSCOUNTRY MORTGAGE, LLC $10,435,000 $11,690,000 12.0% 1.4%
The First National Bank and Trust Company $15,640,000 $10,890,000 -30.4% 1.3%
ADVIA $5,500,000 $10,155,000 84.6% 1.2%
BMO Harris Bank $15,050,000 $9,900,000 -34.2% 1.2%
Associated Bank $22,670,000 $9,230,000 -59.3% 1.1%
GUARANTEED RATE, INC. $12,180,000 $8,995,000 -26.1% 1.1%
LOANDEPOT.COM, LLC $16,045,000 $7,935,000 -50.5% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $18,335,000 $7,760,000 -57.7% 0.9%
PNC Bank $24,835,000 $6,990,000 -71.9% 0.8%
Rock Valley Credit Union $7,590,000 $6,795,000 -10.5% 0.8%
FIRST CENTENNIAL MORTGAGE CORPORATION $11,015,000 $6,580,000 -40.3% 0.8%
CHURCHILL MORTGAGE CORPORATION $995,000 $6,560,000 559.3% 0.8%
Neighborhood Loans, Inc. $6,200,000 $6,120,000 -1.3% 0.7%
Fifth Third Bank $6,980,000 $5,505,000 -21.1% 0.7%
First Mid Bank & Trust $5,310,000 n/a 0.6%
Wells Fargo Bank $7,350,000 $5,170,000 -29.7% 0.6%
GREYSTONE SERVICING COMPANY LLC $4,955,000 n/a 0.6%
GUARANTEED RATE AFFINITY, LLC $2,715,000 $4,680,000 72.4% 0.6%
Resource Bank, N.A. $4,625,000 n/a 0.6%
The Huntington National Bank $4,985,000 $4,585,000 -8.0% 0.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $6,160,000 $4,430,000 -28.1% 0.5%
Union Savings Bank $4,805,000 $4,425,000 -7.9% 0.5%
Bank of Pontiac $4,105,000 $4,415,000 7.6% 0.5%
FREEDOM MORTGAGE CORPORATION $6,460,000 $4,240,000 -34.4% 0.5%
PLAZA HOME MORTGAGE, INC. $5,280,000 $4,160,000 -21.2% 0.5%
NEWREZ LLC $5,045,000 $4,010,000 -20.5% 0.5%
First Community Credit Union $4,955,000 $4,005,000 -19.2% 0.5%
CONSUMERS COOPERATIVE CREDIT UNION $465,000 $3,890,000 736.6% 0.5%
PENNYMAC LOAN SERVICES, LLC $4,930,000 $3,840,000 -22.1% 0.5%
Holcomb Bank $11,110,000 $3,740,000 -66.3% 0.5%
WALKER & DUNLOP, LLC $10,715,000 $3,625,000 -66.2% 0.4%
GUILD MORTGAGE COMPANY $1,170,000 $3,610,000 208.5% 0.4%
The Federal Savings Bank $3,065,000 $3,405,000 11.1% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $2,090,000 $3,275,000 56.7% 0.4%
NAVY FEDERAL CREDIT UNION $5,155,000 $3,270,000 -36.6% 0.4%
Nations Lending Corporation $1,530,000 $3,210,000 109.8% 0.4%
EDUCATORS CREDIT UNION $1,115,000 $3,170,000 184.3% 0.4%
AMERICAN FINANCIAL NETWORK, INC. $2,845,000 n/a 0.3%
First National Bank of Omaha $4,840,000 $2,755,000 -43.1% 0.3%
Connexus Credit Union $1,220,000 $2,685,000 120.1% 0.3%
Bank of America $4,800,000 $2,635,000 -45.1% 0.3%
BROKER SOLUTIONS, INC. $3,490,000 $2,615,000 -25.1% 0.3%
PLANET HOME LENDING, LLC $14,155,000 $2,605,000 -81.6% 0.3%
Key Mortgage Services, Inc. $2,550,000 $2,565,000 0.6% 0.3%
COMPASS MORTGAGE, INC. $2,850,000 $2,520,000 -11.6% 0.3%
GENEVA FINANCIAL, LLC $805,000 $2,240,000 178.3% 0.3%
Flagstar Bank, FSB $5,915,000 $2,215,000 -62.6% 0.3%
Sauk Valley Bank & Trust Company $1,995,000 $2,200,000 10.3% 0.3%
ILLINOIS STATE CREDIT UNION $2,080,000 $2,130,000 2.4% 0.3%
MORTGAGE CENTER L.C $2,880,000 $1,995,000 -30.7% 0.2%
First Federal Bank $2,595,000 $1,985,000 -23.5% 0.2%
CIBM Bank $570,000 $1,930,000 238.6% 0.2%
USAA Federal Savings Bank $4,720,000 $1,870,000 -60.4% 0.2%
Carrington Mortgage Services, LLC $3,125,000 $1,830,000 -41.4% 0.2%
Discover Bank $1,140,000 $1,800,000 57.9% 0.2%
Summit Credit Union $740,000 $1,785,000 141.2% 0.2%
Home State Bank $1,285,000 $1,775,000 38.1% 0.2%
CARDINAL FINANCIAL $5,065,000 $1,770,000 -65.1% 0.2%
SENB Bank $7,060,000 $1,770,000 -74.9% 0.2%
AMERISAVE MORTGAGE CORPORATION $5,765,000 $1,705,000 -70.4% 0.2%
UNION HOME MORTGAGE CORP. $1,615,000 $1,700,000 5.3% 0.2%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,335,000 $1,635,000 22.5% 0.2%
Johnson Bank $1,015,000 $1,630,000 60.6% 0.2%
LEADERONE FINANCIAL CORPORATION $220,000 $1,610,000 631.8% 0.2%
CALIBER HOME LOANS, INC. $6,640,000 $1,460,000 -78.0% 0.2%
UIF CORPORATION $380,000 $1,405,000 269.7% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,395,000 n/a 0.2%
FIRST STATE MORTGAGE SERVICES, LLC $2,930,000 $1,365,000 -53.4% 0.2%
HOMESIDE FINANCIAL, LLC $4,295,000 $1,175,000 -72.6% 0.1%
COMPEER FINANCIAL, FLCA $2,310,000 $1,170,000 -49.4% 0.1%
University of Wisconsin Credit Union $1,155,000 $1,115,000 -3.5% 0.1%
First American Bank $930,000 $1,110,000 19.4% 0.1%
ZILLOW HOME LOANS, LLC $135,000 $1,095,000 711.1% 0.1%
Coastal Community Bank $1,090,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $1,845,000 $1,085,000 -41.2% 0.1%
HOMEXPRESS MORTGAGE CORP. $195,000 $1,015,000 420.5% 0.1%
ROYAL UNITED MORTGAGE LLC $1,265,000 $1,000,000 -20.9% 0.1%
MOVEMENT MORTGAGE, LLC $1,010,000 $995,000 -1.5% 0.1%
Central Bank Illinois $10,290,000 $985,000 -90.4% 0.1%
Old National Bank $1,405,000 $935,000 -33.5% 0.1%
St Charles Bank & Trust $4,130,000 $935,000 -77.4% 0.1%
Cornerstone Credit Union $870,000 n/a 0.1%
Byline Bank $865,000 n/a 0.1%
BAY EQUITY LLC $650,000 $850,000 30.8% 0.1%
Regions Bank $535,000 $850,000 58.9% 0.1%
ALLIANT CREDIT UNION $930,000 $840,000 -9.7% 0.1%
THRIVE MORTGAGE, LLC $805,000 n/a 0.1%
The Bank of New Glarus $790,000 $790,000 0.0% 0.1%
FLAT BRANCH MORTGAGE, INC. $795,000 $785,000 -1.3% 0.1%
Blackhawk Community Credit Union $2,605,000 $780,000 -70.1% 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,710,000 $775,000 -71.4% 0.1%
Platinum Home Mortgage Corporation $1,395,000 $770,000 -44.8% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,030,000 $765,000 -25.7% 0.1%
EVERETT FINANCIAL, INC. $750,000 n/a 0.1%
CMG MORTGAGE, INC. $1,725,000 $745,000 -56.8% 0.1%
AMWEST FUNDING CORP. $245,000 $730,000 198.0% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $1,945,000 $720,000 -63.0% 0.1%
Figure Lending LLC $890,000 $720,000 -19.1% 0.1%
Baxter Credit Union $995,000 $715,000 -28.1% 0.1%
DOMINION FINANCIAL SERVICES, LLC $285,000 $710,000 149.1% 0.1%
First National Bank of America $860,000 $700,000 -18.6% 0.1%
Old Second National Bank $1,115,000 $665,000 -40.4% 0.1%
Parda Federal Credit Union $660,000 n/a 0.1%
RF Renovo Management Company, LLC $1,390,000 $650,000 -53.2% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,020,000 $640,000 -37.3% 0.1%
Cornerstone National Bank & Trust Company $520,000 $620,000 19.2% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $95,000 $620,000 552.6% 0.1%
DEEPHAVEN MORTGAGE LLC $615,000 n/a 0.1%
AmRes Corporation $575,000 $605,000 5.2% 0.1%
NEW DAY FINANCIAL, LLC $3,155,000 $605,000 -80.8% 0.1%
PROPER RATE, LLC $610,000 $570,000 -6.6% 0.1%
Self-Help Federal Credit Union $880,000 $570,000 -35.2% 0.1%
Plains Commerce Bank $645,000 $565,000 -12.4% 0.1%
The Harvard State Bank $4,920,000 $555,000 -88.7% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $175,000 $555,000 217.1% 0.1%
BETTER MORTGAGE CORPORATION $1,945,000 $550,000 -71.7% 0.1%
American Airlines Federal Credit Union $275,000 $545,000 98.2% 0.1%
American Bank and Trust Company $355,000 $545,000 53.5% 0.1%
DUPACO COMMUNITY $350,000 $545,000 55.7% 0.1%
Blackhawk Bank & Trust $135,000 $505,000 274.1% 0.1%
PREMIA MORTGAGE, LLC $430,000 $485,000 12.8% 0.1%
NATIONS RELIABLE LENDING, LLC $350,000 $475,000 35.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,435,000 $470,000 -67.2% 0.1%
MID AMERICA MORTGAGE, INC. $340,000 $460,000 35.3% 0.1%
Crystal Lake Bank and Trust $455,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $450,000 n/a 0.1%
Northpointe Bank $435,000 $450,000 3.4% 0.1%
American Community Bank & Trust $440,000 n/a 0.1%
Citadel Servicing Corporation $540,000 $440,000 -18.5% 0.1%
RESIDENTIAL BANCORP $95,000 $440,000 363.2% 0.1%
Allied First Bank,sb $175,000 $435,000 148.6% 0.1%
FINANCE OF AMERICA REVERSE LLC $185,000 $425,000 129.7% 0.1%
EMM LOANS LLC $195,000 $420,000 115.4% 0.1%
VILLAGE CAPITAL MORTGAGE $1,510,000 $420,000 -72.2% 0.1%
First Savings Bank $1,310,000 $415,000 -68.3% 0.1%
THOMPSON KANE & COMPANY, LLC $400,000 $415,000 3.8% 0.1%
MARINE $410,000 n/a 0.0%
Ixonia Bank $405,000 n/a 0.0%
Bell Bank $480,000 $400,000 -16.7% 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $400,000 n/a 0.0%
German American State Bank $395,000 n/a 0.0%
American Mortgage & Equity Consultants, Inc. $390,000 n/a 0.0%
PANORAMA MORTGAGE GROUP, LLC $385,000 n/a 0.0%
GREAT LAKES $85,000 $375,000 341.2% 0.0%
Equity Prime Mortgage LLC $230,000 $370,000 60.9% 0.0%
ENDEAVOR CAPITAL, LLC. $275,000 $360,000 30.9% 0.0%
Ally Bank $115,000 $350,000 204.3% 0.0%
The Central Trust Bank $175,000 $345,000 97.1% 0.0%
DAS Acquisition Company, LLC $360,000 $340,000 -5.6% 0.0%
NBKC BANK $360,000 $335,000 -6.9% 0.0%
First Bank $325,000 n/a 0.0%
LAKE MICHIGAN CREDIT UNION $325,000 n/a 0.0%
Magnolia Bank $315,000 n/a 0.0%
21ST MORTGAGE CORPORATION $465,000 $305,000 -34.4% 0.0%
R.I.A. Federal Credit Union $305,000 n/a 0.0%
Wisconsin River Bank $2,255,000 $295,000 -86.9% 0.0%
Mid-Continent Funding, Inc. $165,000 $290,000 75.8% 0.0%
Providence Bank & Trust $285,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $2,605,000 $280,000 -89.3% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $1,075,000 $280,000 -74.0% 0.0%
TOWNE MORTGAGE COMPANY $280,000 n/a 0.0%
GUIDANCE RESIDENTIAL, LLC $550,000 $275,000 -50.0% 0.0%
Morgan Stanley Private Bank $620,000 $275,000 -55.6% 0.0%
Servion, Inc. $460,000 $275,000 -40.2% 0.0%
Bank of Springfield $265,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $165,000 $260,000 57.6% 0.0%
Prosperity Home Mortgage, LLC $260,000 n/a 0.0%
ALGONQUIN STATE BANK $250,000 n/a 0.0%
Quontic Bank $260,000 $245,000 -5.8% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $175,000 $240,000 37.1% 0.0%
Pacor Mortgage Corp $95,000 $240,000 152.6% 0.0%
Bank Five Nine $115,000 $235,000 104.3% 0.0%
First Central State Bank $235,000 n/a 0.0%
PHH Mortgage Corporation $370,000 $235,000 -36.5% 0.0%
BECKAM FUNDING CORP. $220,000 n/a 0.0%
CITYWIDE HOME LOANS, LLC $110,000 $215,000 95.5% 0.0%
M&T Bank $710,000 $215,000 -69.7% 0.0%
Citibank $415,000 $210,000 -49.4% 0.0%
LENDINGONE, LLC $210,000 n/a 0.0%
Mortgage Assurance Inc. $205,000 n/a 0.0%
PREMIER LENDING, INC. $205,000 n/a 0.0%
THE MORTGAGE LINK, INC. $205,000 n/a 0.0%
CBI Bank & Trust $195,000 n/a 0.0%
Citizens Bank $1,195,000 $195,000 -83.7% 0.0%
Centier Bank $190,000 n/a 0.0%
First National Bank of Brookfield $185,000 n/a 0.0%
Paramount Bank $185,000 n/a 0.0%
STOCKTON MORTGAGE CORPORATION $185,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $365,000 $175,000 -52.1% 0.0%
Chicago Patrolmen's Federal Credit Union $175,000 n/a 0.0%
FOX COMMUNITIES $175,000 n/a 0.0%
Lakeview Community Capital, LLC $1,135,000 $175,000 -84.6% 0.0%
OCMBC, INC. $310,000 $175,000 -43.5% 0.0%
UNITED HOME LOANS, INC. $505,000 $170,000 -66.3% 0.0%
AXIA FINANCIAL, LLC $165,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $390,000 $165,000 -57.7% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $360,000 $165,000 -54.2% 0.0%
Sierra Pacific Mortgage Company, Inc. $165,000 n/a 0.0%
VERVE, A CREDIT UNION $165,000 n/a 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $580,000 $160,000 -72.4% 0.0%
Charles Schwab Bank, SSB $135,000 $155,000 14.8% 0.0%
Credit Union 1 $440,000 $155,000 -64.8% 0.0%
FIRST MORTGAGE COMPANY, INC. $155,000 n/a 0.0%
POINT Mortgage $155,000 n/a 0.0%
SELFRELIANCE $235,000 $155,000 -34.0% 0.0%
Simmons Bank $155,000 n/a 0.0%
Manufacturers Bank & Trust Company $125,000 $145,000 16.0% 0.0%
MLB RESIDENTIAL LENDING, LLC $125,000 $145,000 16.0% 0.0%
RBC Bank, (Georgia) $145,000 n/a 0.0%
First-Citizens Bank & Trust Company $130,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $235,000 $130,000 -44.7% 0.0%
A&D Mortgage LLC $125,000 n/a 0.0%
GSF Mortgage Corporation $125,000 n/a 0.0%
Notre Dame Federal Credit Union Corporation $125,000 n/a 0.0%
Truist $225,000 $125,000 -44.4% 0.0%
Southwest Airlines Federal Credit Union $125,000 $115,000 -8.0% 0.0%
Deere Employees Credit Union $165,000 $110,000 -33.3% 0.0%
TRIAD FINANCIAL SERVICES, INC. $65,000 $110,000 69.2% 0.0%
First State Bank $1,200,000 $105,000 -91.3% 0.0%
INB $105,000 n/a 0.0%
KeyBank $690,000 $105,000 -84.8% 0.0%
MEMBER FIRST MORTGAGE, LLC $190,000 $105,000 -44.7% 0.0%
The First National Bank of Ottawa $105,000 n/a 0.0%
Illinois Community Credit Unio $415,000 $100,000 -75.9% 0.0%
CHERRY CREEK MORTGAGE, LLC $955,000 $95,000 -90.1% 0.0%
CONSTRUCTIVE LOANS, LLC $95,000 n/a 0.0%
SPRING EQ, LLC $545,000 $95,000 -82.6% 0.0%
USAlliance Federal Credit Union $95,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $330,000 $90,000 -72.7% 0.0%
AMCAP MORTGAGE, LTD. $85,000 n/a 0.0%
FAMILY FINANCE MORTGAGE, LLC $85,000 n/a 0.0%
First Internet Bank of Indiana $85,000 n/a 0.0%
The Loan Store, Inc. $85,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $345,000 $85,000 -75.4% 0.0%
Alliance Credit Union $75,000 n/a 0.0%
Waterstone Mortgage Corporation $75,000 n/a 0.0%
Woodford State Bank $95,000 $75,000 -21.1% 0.0%
Bethpage Federal Credit Union $12,615,000 $65,000 -99.5% 0.0%
HOMESITE MORTGAGE, LLC $320,000 $65,000 -79.7% 0.0%
IAA Credit Union $55,000 $65,000 18.2% 0.0%
Nicolet National Bank $15,000 $65,000 333.3% 0.0%
The Bank of Brodhead $85,000 $65,000 -23.5% 0.0%
VAN DYK MORTGAGE CORPORATION $65,000 n/a 0.0%
360 Federal Credit Union $55,000 n/a 0.0%
Centra Credit Union $190,000 $55,000 -71.1% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 $55,000 0.0% 0.0%
First Federal Savings Bank $415,000 $55,000 -86.7% 0.0%
North Shore Trust and Savings $55,000 n/a 0.0%
Northwest Federal Credit Union $55,000 n/a 0.0%
HealthCare Associates Credit Union $45,000 n/a 0.0%
United Community Bank $75,000 $35,000 -53.3% 0.0%
CITY-COUNTY CREDIT UNION $655,000 $25,000 -96.2% 0.0%
CoVantage Credit Union $25,000 n/a 0.0%
First Community Bank $25,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $50,000 $25,000 -50.0% 0.0%
North Shore Bank FSB $45,000 $25,000 -44.4% 0.0%
PremierBank $325,000 $25,000 -92.3% 0.0%

ROCKFORD's top lender by overall market share is GREENSTATE CREDIT UNION, with 11.6% market share. In second place, with 9.0%, is Blackhawk Bank, having originated $74,540,000 in loans. In third place, with 5.0%, is QUICKEN LOANS, LLC, having originated $40,950,000 in loans. In fourth place, with 4.2%, is ENVOY MORTGAGE, LTD, having originated $34,705,000 in loans. In fifth place, with 2.8%, is NORTHWEST BANK OF ROCKFORD, having originated $22,935,000 in loans.


ROCKFORD Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - ROCKFORD (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 $129,900 (13.1%) $163,508 (14.4%) 0.48 928
2018-02-01 $131,725 (15.6%) $166,882 (18.7%) 0.48 847
2018-03-01 $134,900 (13.4%) $172,005 (16.7%) 0.47 797
2018-04-01 $139,900 (11.9%) $181,905 (19.5%) 0.47 773
2018-05-01 $144,900 (11.6%) $184,153 (16.6%) 0.48 848
2018-06-01 $149,000 (14.6%) $187,298 (15.6%) 0.50 974
2018-07-01 $149,000 (10.5%) $187,850 (10.3%) 0.50 1,064
2018-08-01 $145,475 (7.8%) $185,108 (9.0%) 0.49 1,109
2018-09-01 $140,750 (3.9%) $183,258 (8.3%) 0.47 1,143
2018-10-01 $137,450 (2.6%) $177,259 (7.0%) 0.47 1,143
2018-11-01 $135,900 (0.4%) $178,840 (7.2%) 0.46 1,050
2018-12-01 $134,900 (1.1%) $175,024 (4.6%) 0.47 988
2019-01-01 $134,900 (3.9%) $174,454 (6.7%) 0.47 908
2019-02-01 $134,475 (2.1%) $176,802 (5.9%) 0.45 826
2019-03-01 $139,907 (3.7%) $183,037 (6.4%) 0.46 779
2019-04-01 $147,725 (5.6%) $191,275 (5.2%) 0.47 736
2019-05-01 $149,925 (3.5%) $194,518 (5.6%) 0.47 777
2019-06-01 $159,900 (7.3%) $200,679 (7.1%) 0.50 864
2019-07-01 $155,000 (4.0%) $199,082 (6.0%) 0.49 977
2019-08-01 $153,609 (5.6%) $195,534 (5.6%) 0.49 1,029
2019-09-01 $151,523 (7.7%) $190,815 (4.1%) 0.48 1,093
2019-10-01 $147,450 (7.3%) $186,177 (5.0%) 0.48 1,144
2019-11-01 $139,900 (2.9%) $180,646 (1.0%) 0.46 1,094
2019-12-01 $139,900 (3.7%) $177,645 (1.5%) 0.47 983
2020-01-01 $138,125 (2.4%) $176,570 (1.2%) 0.46 898
2020-02-01 $145,000 (7.8%) $183,210 (3.6%) 0.47 806
2020-03-01 $144,950 (3.6%) $188,002 (2.7%) 0.45 745
2020-04-01 $149,900 (1.5%) $193,568 (1.2%) 0.47 725
2020-05-01 $159,900 (6.7%) $206,371 (6.1%) 0.49 636
2020-06-01 $170,000 (6.3%) $211,064 (5.2%) 0.50 594
2020-07-01 $174,975 (12.9%) $214,916 (8.0%) 0.51 546
2020-08-01 $169,900 (10.6%) $218,300 (11.6%) 0.49 527
2020-09-01 $175,200 (15.6%) $222,990 (16.9%) 0.50 495
2020-10-01 $163,000 (10.6%) $203,694 (9.4%) 0.47 529
2020-11-01 $154,175 (10.2%) $200,709 (11.1%) 0.45 514
2020-12-01 $139,900 (0.0%) $193,667 (9.0%) 0.42 435
2021-01-01 $133,200 (-3.6%) $196,268 (11.2%) 0.40 357
2021-02-01 $135,000 (-6.9%) $208,173 (13.6%) 0.39 259
2021-03-01 $150,225 (3.6%) $212,788 (13.2%) 0.43 219
2021-04-01 $162,400 (8.3%) $230,291 (19.0%) 0.44 200
2021-05-01 $172,450 (7.9%) $228,044 (10.5%) 0.46 275
2021-06-01 $172,425 (1.4%) $231,056 (9.5%) 0.45 397
2021-07-01 $165,000 (-5.7%) $228,765 (6.4%) 0.44 448
2021-08-01 $158,900 (-6.5%) $218,935 (0.3%) 0.42 543
2021-09-01 $162,400 (-7.3%) $217,992 (-2.2%) 0.43 555
2021-10-01 $164,900 (1.2%) $217,821 (6.9%) 0.44 562
2021-11-01 $154,675 (0.3%) $209,859 (4.6%) 0.41 513
2021-12-01 $142,725 (2.0%) $199,842 (3.2%) 0.39 464
2022-01-01 $145,250 (9.1%) $195,276 (-0.5%) 0.39 370
2022-02-01 $139,675 (3.5%) $203,388 (-2.3%) 0.36 269
2022-03-01 $147,200 (-2.0%) $222,745 (4.7%) 0.37 238
2022-04-01 $159,900 (-1.5%) $238,263 (3.5%) 0.38 254
2022-05-01 $178,475 (3.5%) $236,087 (3.5%) 0.41 286
2022-06-01 $189,950 (10.2%) $240,972 (4.3%) 0.42 354
2022-07-01 $202,495 (22.7%) $255,919 (11.9%) 0.46 416
2022-08-01 $192,450 (21.1%) $247,163 (12.9%) 0.44 463
2022-09-01 $189,700 (16.8%) $241,204 (10.7%) 0.44 465
2022-10-01 $174,900 (6.1%) $230,043 (5.6%) 0.41 460
2022-11-01 $172,400 (11.5%) $223,025 (6.3%) 0.41 459
2022-12-01 $169,900 (19.0%) $219,043 (9.6%) 0.42 409
2023-01-01 $164,900 (13.5%) $220,999 (13.2%) 0.41 324
2023-02-01 $154,350 (10.5%) $233,875 (15.0%) 0.37 244
2023-03-01 $154,925 (5.3%) $247,586 (11.2%) 0.37 221
2023-04-01 $180,000 (12.6%) $266,867 (12.0%) 0.42 196
2023-05-01 $188,550 (5.7%) $260,563 (10.4%) 0.43 235
2023-06-01 $210,700 (10.9%) $265,710 (10.3%) 0.47 260
2023-07-01 $219,900 (8.6%) $265,268 (3.7%) 0.50 294
2023-08-01 $217,325 (12.9%) $259,037 (4.8%) 0.50 321
2023-09-01 $209,000 (10.2%) $254,975 (5.7%) 0.49 333
2023-10-01 $213,450 (22.0%) $253,351 (10.1%) 0.50 345
2023-11-01 $209,200 (21.4%) $254,781 (14.2%) 0.50 404
2023-12-01 $199,900 (17.7%) $256,130 (16.9%) 0.49 364
2024-01-01 $207,250 (25.7%) $262,740 (18.9%) 0.51 310
2024-02-01 $234,150 (51.7%) $280,592 (20.0%) 0.56 247
2024-03-01 $235,000 (51.7%) $283,576 (14.5%) 0.55 229
2024-04-01 $234,925 (30.5%) $273,121 (2.3%) 0.55 219
2024-05-01 $236,000 (25.2%) $277,424 (6.5%) 0.53 223
ROCKFORD's median listing price for 2024-05-01 was $236,000, a difference of $47,450 (25.2%) versus the prior year and $1,075 versus the prior month.

ROCKFORD's median listing price comes in at 53% of the national average.

ROCKFORD's average listing price for 2024-05-01 was $277,424, a difference of $16,861 (6.5%) versus the prior year and $4,303 versus the prior month.

For the 2024-05-01 period, ROCKFORD had 223 MLS listings, a difference of 4 listings (2%) versus the prior month and -12 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - ROCKFORD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 75 days 1,855 sqft
2018-02-01 75 days 1,858 sqft
2018-03-01 61 days 1,891 sqft
2018-04-01 45 days 1,960 sqft
2018-05-01 38 days 2,000 sqft
2018-06-01 39 days 2,030 sqft
2018-07-01 43 days 2,030 sqft
2018-08-01 48 days 1,996 sqft
2018-09-01 57 days 1,994 sqft
2018-10-01 59 days 1,911 sqft
2018-11-01 60 days 1,947 sqft
2018-12-01 65 days 1,894 sqft
2019-01-01 77 days 1,824 sqft
2019-02-01 82 days 1,867 sqft
2019-03-01 68 days 1,803 sqft
2019-04-01 49 days 1,738 sqft
2019-05-01 43 days 1,736 sqft
2019-06-01 43 days 1,803 sqft
2019-07-01 42 days 1,976 sqft
2019-08-01 46 days 1,979 sqft
2019-09-01 51 days 1,947 sqft
2019-10-01 54 days 1,913 sqft
2019-11-01 60 days 1,898 sqft
2019-12-01 69 days 1,833 sqft
2020-01-01 81 days 1,807 sqft
2020-02-01 74 days 1,839 sqft
2020-03-01 53 days 1,851 sqft
2020-04-01 58 days 1,891 sqft
2020-05-01 65 days 2,024 sqft
2020-06-01 46 days 2,129 sqft
2020-07-01 39 days 2,180 sqft
2020-08-01 39 days 2,067 sqft
2020-09-01 38 days 2,076 sqft
2020-10-01 33 days 1,935 sqft
2020-11-01 39 days 1,923 sqft
2020-12-01 50 days 1,809 sqft
2021-01-01 58 days 1,777 sqft
2021-02-01 50 days 1,740 sqft
2021-03-01 37 days 1,672 sqft
2021-04-01 24 days 1,801 sqft
2021-05-01 18 days 1,853 sqft
2021-06-01 19 days 1,918 sqft
2021-07-01 25 days 2,017 sqft
2021-08-01 25 days 1,732 sqft
2021-09-01 33 days 1,728 sqft
2021-10-01 38 days 1,669 sqft
2021-11-01 47 days 1,654 sqft
2021-12-01 50 days 1,607 sqft
2022-01-01 53 days 1,640 sqft
2022-02-01 40 days 1,618 sqft
2022-03-01 32 days 1,613 sqft
2022-04-01 24 days 1,717 sqft
2022-05-01 24 days 1,755 sqft
2022-06-01 21 days 1,812 sqft
2022-07-01 29 days 1,860 sqft
2022-08-01 31 days 1,837 sqft
2022-09-01 39 days 1,828 sqft
2022-10-01 39 days 1,803 sqft
2022-11-01 42 days 1,779 sqft
2022-12-01 52 days 1,758 sqft
2023-01-01 62 days 1,724 sqft
2023-02-01 59 days 1,687 sqft
2023-03-01 46 days 1,725 sqft
2023-04-01 25 days 1,763 sqft
2023-05-01 21 days 1,678 sqft
2023-06-01 22 days 1,775 sqft
2023-07-01 24 days 1,836 sqft
2023-08-01 29 days 1,845 sqft
2023-09-01 31 days 1,827 sqft
2023-10-01 29 days 1,897 sqft
2023-11-01 27 days 1,814 sqft
2023-12-01 40 days 1,780 sqft
2024-01-01 56 days 1,758 sqft
2024-02-01 50 days 1,809 sqft
2024-03-01 37 days 1,848 sqft
2024-04-01 31 days 1,931 sqft
2024-05-01 21 days 1,902 sqft
ROCKFORD's median listing age (time on market) for 2024-05-01 was 21 days. This is 0% longer than the same period one year ago.

ROCKFORD's median square footage for active listings during the 2024-05-01 period was 1,902 sqft. One year prior, the average listing was 1,678 sqft.

ROCKFORD, IL Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
60033 Rockford, IL MSA $970 $1,050 $1,210 $1,540 $1,820
60135 Rockford, IL MSA $760 $870 $1,130 $1,610 $1,920
60145 Rockford, IL MSA $720 $820 $1,070 $1,520 $1,820
60146 Rockford, IL MSA $650 $740 $960 $1,360 $1,630
60152 Rockford, IL MSA $910 $990 $1,130 $1,430 $1,700
61008 Rockford, IL MSA $640 $720 $950 $1,280 $1,330
61011 Rockford, IL MSA $940 $1,060 $1,400 $1,890 $1,960
61012 Rockford, IL MSA $660 $740 $980 $1,320 $1,370
61016 Rockford, IL MSA $580 $650 $860 $1,160 $1,200
61019 Rockford, IL MSA $670 $760 $1,000 $1,350 $1,400
61020 Rockford, IL MSA $720 $820 $1,080 $1,460 $1,510
61024 Rockford, IL MSA $530 $600 $790 $1,070 $1,110
61038 Rockford, IL MSA $760 $840 $1,040 $1,380 $1,530
61039 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61047 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61052 Rockford, IL MSA $660 $760 $990 $1,370 $1,610
61063 Rockford, IL MSA $650 $740 $970 $1,310 $1,360
61065 Rockford, IL MSA $940 $1,060 $1,400 $1,890 $1,960
61072 Rockford, IL MSA $580 $660 $870 $1,170 $1,220
61073 Rockford, IL MSA $820 $930 $1,230 $1,660 $1,720
61077 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61079 Rockford, IL MSA $550 $620 $820 $1,110 $1,150
61080 Rockford, IL MSA $580 $660 $870 $1,170 $1,220
61084 Rockford, IL MSA $760 $870 $1,140 $1,540 $1,600
61088 Rockford, IL MSA $650 $740 $970 $1,310 $1,360
61101 Rockford, IL MSA $590 $670 $880 $1,190 $1,230
61102 Rockford, IL MSA $580 $650 $860 $1,160 $1,200
61103 Rockford, IL MSA $620 $700 $920 $1,240 $1,290
61104 Rockford, IL MSA $570 $650 $850 $1,150 $1,190
61105 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61107 Rockford, IL MSA $660 $740 $980 $1,320 $1,370
61108 Rockford, IL MSA $640 $730 $960 $1,300 $1,340
61109 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61110 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61111 Rockford, IL MSA $650 $740 $970 $1,310 $1,360
61112 Rockford, IL MSA $610 $690 $910 $1,230 $1,270
61114 Rockford, IL MSA $740 $840 $1,110 $1,500 $1,550
61115 Rockford, IL MSA $730 $830 $1,090 $1,470 $1,530
61125 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61126 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61130 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61131 Rockford, IL MSA $620 $710 $930 $1,250 $1,300
61132 Rockford, IL MSA $620 $710 $930 $1,250 $1,300

2022 Average & Median Rent Data Statistics
ROCKFORD, IL average 1BR rent: $762, median: $720
ROCKFORD, IL average 2BR rent: $991, median: $950
ROCKFORD, IL average 3BR rent: $1,338, median: $1,280

ROCKFORD, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,675 $617,505,000 $168,029
Cash Out Refi 643 $86,375,000 $134,331
Other 584 $34,640,000 $59,315
Refi 434 $65,010,000 $149,793
Home Improvement 390 $21,910,000 $56,179
NA 1 $75,000 $75,000

Rockford's most frequently cited loan purpose was Home Purchase, with 3,675 originations. The 2nd most popular reason was Cash Out Refi, with 643 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 2,056 $329,390,000 $160,209
7-8% 1,628 $252,290,000 $154,969
Over 8% 925 $76,965,000 $83,205
5-6% 607 $101,995,000 $168,031
<2.5% 170 $2,650,000 $15,588
4-5% 62 $12,680,000 $204,516
3-4% 39 $3,105,000 $79,615
2.5-3% 29 $3,265,000 $112,586

During 2023, Rockford's most frequently originated rate bucket was 6-7%, with 2,056 originations.

Loan Sizing (ROCKFORD, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 2,249 $118,525,000 $52,701
$100k-200k 2,244 $322,260,000 $143,610
$200k-400k 1,121 $289,715,000 $258,443
$400k-600k 80 $36,640,000 $458,000
$Over $1MM 17 $46,705,000 $2,747,353
$600k-1000k 16 $11,670,000 $729,375

ROCKFORD's loan sizing saw the bucket of loans from $100,000 or less with 2,249 originations, totaling $118,525,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,537 $458,275,000 $180,637
60-80% 1,225 $210,975,000 $172,224
Under 20% 753 $20,655,000 $27,430
20-40% 641 $42,835,000 $66,825
40-60% 383 $47,725,000 $124,608
Over 100% 26 $6,860,000 $263,846

ROCKFORD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,537 originations, totaling $458,275,000 in origination value.