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
6.85%
for the week of 2023-06-01, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2023-05-25) was
6.43% and
one month ago for the week of 2023-04-27, the
average rate was 6.49%.
Rockford's average rate one year ago was 5.06%.
For refis of the same type during the week of 2023-06-01, the average rate
was 6.51%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-06-01 | 6.79% |
| Rockford 30 Year Fixed Rate | 2023-06-01 | 6.85% |
| Rockford 30 Year Fixed Rate Refi | 2023-06-01 | 6.51% |
| Rockford 15 Year Fixed Rate | 2023-06-01 | 6.08% |
| Rockford 15 Year Fixed Rate Refi | 2023-06-01 | 4.73% |
| Rockford 30 Year FHA | 2023-06-01 | -0.29% |
| Rockford 30 Year FHA Refi | 2023-06-01 | 0% |
| Rockford 30 Year USDA | 2023-06-01 | -0.2% |
| Rockford 30 Year USDA Refi | 2023-06-01 | 0.2% |
| Rockford 30 Year VA | 2023-06-01 | -0.35% |
| Rockford 30 Year VA Refi | 2023-06-01 | -0.1% |
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.).
ROCKFORD Average Closing Costs & Other Stats
ROCKFORD, IL's 184 lenders originated 7,388
loans during 2022. The total origination value was $1,122,910,000, with an average loan value of
$151,991.
ROCKFORD's average closing costs are $3,893.
The top ROCKFORD lender as defined by loan originations is Blackhawk Bank, with
381 loans originated. Their average total fees are
$3,755, which is $1,039
lower than the next largest lender,
ENVOY MORTGAGE, LTD.
The lowest fee ROCKFORD lenders (with over 10 loans originated) are
Blackhawk Community Credit Union ($2,404), Rock Valley Credit Union ($2,458), First Community Credit Union ($2,536), Stillman BancCorp N.A. ($2,567) and The First National Bank and Trust Company ($2,600).
The lowest rate ROCKFORD lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (4.37%), LOANDEPOT.COM, LLC (4.56%), Midwest Community Bank (4.56%), MORTGAGE CENTER L.C (4.67%) and Bank of America (4.72%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Blackhawk Bank | $163,485,000 | $107,950,000 | -34.0% | 9.6% |
| ENVOY MORTGAGE, LTD | $118,375,000 | $74,220,000 | -37.3% | 6.6% |
| QUICKEN LOANS, LLC | $107,805,000 | $50,470,000 | -53.2% | 4.5% |
| Midwest Community Bank | $134,850,000 | $48,425,000 | -64.1% | 4.3% |
| Midland States Bank | $43,920,000 | $36,325,000 | -17.3% | 3.2% |
| GREENSTATE CREDIT UNION | $585,000 | $35,370,000 | 5,946.2% | 3.1% |
| NORTHWEST BANK OF ROCKFORD | $58,555,000 | $31,760,000 | -45.8% | 2.8% |
| FIRST NORTHERN Credit Union | $43,345,000 | $26,500,000 | -38.9% | 2.4% |
| PNC Bank | $21,430,000 | $24,835,000 | 15.9% | 2.2% |
| Associated Bank | $29,115,000 | $22,670,000 | -22.1% | 2.0% |
| Citywide Banks | $22,340,000 | n/a | 2.0% | |
| Byron Bank | $41,955,000 | $21,265,000 | -49.3% | 1.9% |
| Stillman BancCorp N.A. | $57,970,000 | $20,760,000 | -64.2% | 1.8% |
| U.S. Bank | $30,305,000 | $20,530,000 | -32.3% | 1.8% |
| ACADEMY MORTGAGE CORPORATION | $31,695,000 | $20,210,000 | -36.2% | 1.8% |
| JPMorgan Chase Bank | $33,495,000 | $18,985,000 | -43.3% | 1.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $36,535,000 | $18,335,000 | -49.8% | 1.6% |
| Barrington Bank & Trust Company, N.A. | $27,445,000 | $17,700,000 | -35.5% | 1.6% |
| Mortgage Research Center, LLC | $22,425,000 | $16,340,000 | -27.1% | 1.5% |
| LOANDEPOT.COM, LLC | $24,155,000 | $16,045,000 | -33.6% | 1.4% |
| The First National Bank and Trust Company | $29,950,000 | $15,640,000 | -47.8% | 1.4% |
| BMO Harris Bank | $17,060,000 | $15,050,000 | -11.8% | 1.3% |
| PLANET HOME LENDING, LLC | $4,650,000 | $14,155,000 | 204.4% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $18,420,000 | $13,120,000 | -28.8% | 1.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,955,000 | $13,120,000 | 9.7% | 1.2% |
| Bethpage Federal Credit Union | $12,615,000 | n/a | 1.1% | |
| GUARANTEED RATE, INC. | $14,955,000 | $12,180,000 | -18.6% | 1.1% |
| Holcomb Bank | $11,795,000 | $11,110,000 | -5.8% | 1.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $14,325,000 | $11,015,000 | -23.1% | 1.0% |
| WALKER & DUNLOP, LLC | $14,370,000 | $10,715,000 | -25.4% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $11,275,000 | $10,435,000 | -7.5% | 0.9% |
| Central Bank Illinois | $830,000 | $10,290,000 | 1,139.8% | 0.9% |
| Rock Valley Credit Union | $13,470,000 | $7,590,000 | -43.7% | 0.7% |
| Wells Fargo Bank | $18,900,000 | $7,350,000 | -61.1% | 0.7% |
| SENB Bank | $4,955,000 | $7,060,000 | 42.5% | 0.6% |
| Fifth Third Bank | $8,465,000 | $6,980,000 | -17.5% | 0.6% |
| CALIBER HOME LOANS, INC. | $10,080,000 | $6,640,000 | -34.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $31,680,000 | $6,460,000 | -79.6% | 0.6% |
| Neighborhood Loans, Inc. | $7,105,000 | $6,200,000 | -12.7% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $9,290,000 | $6,160,000 | -33.7% | 0.5% |
| Flagstar Bank, FSB | $4,300,000 | $5,915,000 | 37.6% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $7,895,000 | $5,765,000 | -27.0% | 0.5% |
| ADVIA | $2,020,000 | $5,500,000 | 172.3% | 0.5% |
| PLAZA HOME MORTGAGE, INC. | $4,085,000 | $5,280,000 | 29.3% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $6,000,000 | $5,155,000 | -14.1% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,430,000 | $5,065,000 | -6.7% | 0.5% |
| NEWREZ LLC | $9,815,000 | $5,045,000 | -48.6% | 0.4% |
| The Huntington National Bank | $8,925,000 | $4,985,000 | -44.1% | 0.4% |
| First Community Credit Union | $14,045,000 | $4,955,000 | -64.7% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $14,495,000 | $4,930,000 | -66.0% | 0.4% |
| The Harvard State Bank | $4,190,000 | $4,920,000 | 17.4% | 0.4% |
| First National Bank of Omaha | $24,870,000 | $4,840,000 | -80.5% | 0.4% |
| Union Savings Bank | $6,220,000 | $4,805,000 | -22.7% | 0.4% |
| Bank of America | $4,210,000 | $4,800,000 | 14.0% | 0.4% |
| USAA Federal Savings Bank | $4,105,000 | $4,720,000 | 15.0% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $3,345,000 | $4,295,000 | 28.4% | 0.4% |
| St Charles Bank & Trust | $4,130,000 | n/a | 0.4% | |
| Bank of Pontiac | $4,105,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $6,110,000 | $3,490,000 | -42.9% | 0.3% |
| INLAND BANK & TRUST | $3,240,000 | $3,265,000 | 0.8% | 0.3% |
| Landmark Credit Union | $3,205,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $3,225,000 | $3,155,000 | -2.2% | 0.3% |
| Carrington Mortgage Services, LLC | $4,300,000 | $3,125,000 | -27.3% | 0.3% |
| The Federal Savings Bank | $4,235,000 | $3,065,000 | -27.6% | 0.3% |
| INLANTA MORTGAGE, INC. | $2,700,000 | $2,935,000 | 8.7% | 0.3% |
| FIRST STATE MORTGAGE SERVICES, LLC | $2,050,000 | $2,930,000 | 42.9% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $9,230,000 | $2,925,000 | -68.3% | 0.3% |
| MORTGAGE CENTER L.C | $5,365,000 | $2,880,000 | -46.3% | 0.3% |
| COMPASS MORTGAGE, INC. | $5,770,000 | $2,850,000 | -50.6% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $1,020,000 | $2,715,000 | 166.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $6,545,000 | $2,710,000 | -58.6% | 0.2% |
| Blackhawk Community Credit Union | $1,760,000 | $2,605,000 | 48.0% | 0.2% |
| LIMA ONE CAPITAL, LLC | $135,000 | $2,605,000 | 1,829.6% | 0.2% |
| First Federal Bank | $4,895,000 | $2,595,000 | -47.0% | 0.2% |
| Key Mortgage Services, Inc. | $3,590,000 | $2,550,000 | -29.0% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,130,000 | $2,495,000 | 17.1% | 0.2% |
| COMPEER FINANCIAL, FLCA | $1,560,000 | $2,310,000 | 48.1% | 0.2% |
| Access Bank | $2,275,000 | n/a | 0.2% | |
| Wisconsin River Bank | $850,000 | $2,255,000 | 165.3% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,235,000 | $2,090,000 | -50.6% | 0.2% |
| ILLINOIS STATE CREDIT UNION | $2,645,000 | $2,080,000 | -21.4% | 0.2% |
| Sauk Valley Bank & Trust Company | $2,150,000 | $1,995,000 | -7.2% | 0.2% |
| BETTER MORTGAGE CORPORATION | $5,695,000 | $1,945,000 | -65.8% | 0.2% |
| DRAPER AND KRAMER MORTGAGE CORP. | $3,665,000 | $1,945,000 | -46.9% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $3,650,000 | $1,845,000 | -49.5% | 0.2% |
| CMG MORTGAGE, INC. | $2,265,000 | $1,725,000 | -23.8% | 0.2% |
| UNION HOME MORTGAGE CORP. | $1,125,000 | $1,615,000 | 43.6% | 0.1% |
| Nations Lending Corporation | $540,000 | $1,530,000 | 183.3% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $4,085,000 | $1,510,000 | -63.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $650,000 | $1,435,000 | 120.8% | 0.1% |
| Old National Bank | $160,000 | $1,405,000 | 778.1% | 0.1% |
| Platinum Home Mortgage Corporation | $4,160,000 | $1,395,000 | -66.5% | 0.1% |
| RF Renovo Management Company, LLC | $1,390,000 | n/a | 0.1% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $3,715,000 | $1,335,000 | -64.1% | 0.1% |
| First Savings Bank | $365,000 | $1,310,000 | 258.9% | 0.1% |
| Home State Bank | $2,100,000 | $1,285,000 | -38.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,895,000 | $1,265,000 | -33.2% | 0.1% |
| Connexus Credit Union | $1,220,000 | n/a | 0.1% | |
| First State Bank | $8,120,000 | $1,200,000 | -85.2% | 0.1% |
| Citizens Bank | $1,025,000 | $1,195,000 | 16.6% | 0.1% |
| GUILD MORTGAGE COMPANY | $755,000 | $1,170,000 | 55.0% | 0.1% |
| University of Wisconsin Credit Union | $1,155,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $1,150,000 | n/a | 0.1% | |
| Discover Bank | $1,050,000 | $1,140,000 | 8.6% | 0.1% |
| Lakeview Community Capital, LLC | $825,000 | $1,135,000 | 37.6% | 0.1% |
| EDUCATORS CREDIT UNION | $565,000 | $1,115,000 | 97.3% | 0.1% |
| Old Second National Bank | $2,325,000 | $1,115,000 | -52.0% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $620,000 | $1,075,000 | 73.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,155,000 | $1,030,000 | -52.2% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $640,000 | $1,020,000 | 59.4% | 0.1% |
| CITIZENS EQUITY FIRST | $205,000 | $1,015,000 | 395.1% | 0.1% |
| Johnson Bank | $1,585,000 | $1,015,000 | -36.0% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $175,000 | $1,010,000 | 477.1% | 0.1% |
| Baxter Credit Union | $1,880,000 | $995,000 | -47.1% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,890,000 | $995,000 | -47.4% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,115,000 | $960,000 | -13.9% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $755,000 | $955,000 | 26.5% | 0.1% |
| ALLIANT CREDIT UNION | $360,000 | $930,000 | 158.3% | 0.1% |
| First American Bank | $2,055,000 | $930,000 | -54.7% | 0.1% |
| Figure Lending LLC | $470,000 | $890,000 | 89.4% | 0.1% |
| Self-Help Federal Credit Union | $1,380,000 | $880,000 | -36.2% | 0.1% |
| First National Bank of America | $615,000 | $860,000 | 39.8% | 0.1% |
| GENEVA FINANCIAL, LLC | $860,000 | $805,000 | -6.4% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $2,760,000 | $795,000 | -71.2% | 0.1% |
| The Bank of New Glarus | $165,000 | $790,000 | 378.8% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $360,000 | $775,000 | 115.3% | 0.1% |
| United Fidelity Funding Corp. | $360,000 | $755,000 | 109.7% | 0.1% |
| Summit Credit Union | $585,000 | $740,000 | 26.5% | 0.1% |
| M&T Bank | $835,000 | $710,000 | -15.0% | 0.1% |
| Chicago Financial Services, Inc. | $760,000 | $690,000 | -9.2% | 0.1% |
| KeyBank | $690,000 | n/a | 0.1% | |
| BLUELEAF LENDING, LLC | $2,195,000 | $685,000 | -68.8% | 0.1% |
| CITY-COUNTY CREDIT UNION | $455,000 | $655,000 | 44.0% | 0.1% |
| Hometown Lenders, Inc. | $650,000 | $655,000 | 0.8% | 0.1% |
| BAY EQUITY LLC | $1,075,000 | $650,000 | -39.5% | 0.1% |
| Plains Commerce Bank | $1,365,000 | $645,000 | -52.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $390,000 | $640,000 | 64.1% | 0.1% |
| Morgan Stanley Private Bank | $205,000 | $620,000 | 202.4% | 0.1% |
| PROPER RATE, LLC | $1,350,000 | $610,000 | -54.8% | 0.1% |
| LENDSURE MORTGAGE CORP. | $355,000 | $590,000 | 66.2% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $840,000 | $580,000 | -31.0% | 0.1% |
| AmRes Corporation | $75,000 | $575,000 | 666.7% | 0.1% |
| CIBM Bank | $535,000 | $570,000 | 6.5% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $565,000 | n/a | 0.1% | |
| GUIDANCE RESIDENTIAL, LLC | $550,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $290,000 | $545,000 | 87.9% | 0.0% |
| Citadel Servicing Corporation | $540,000 | n/a | 0.0% | |
| Regions Bank | $65,000 | $535,000 | 723.1% | 0.0% |
| Cornerstone National Bank & Trust Company | $220,000 | $520,000 | 136.4% | 0.0% |
| Blue Grass Savings Bank | $505,000 | n/a | 0.0% | |
| UNITED HOME LOANS, INC. | $235,000 | $505,000 | 114.9% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $495,000 | n/a | 0.0% | |
| Bell Bank | $310,000 | $480,000 | 54.8% | 0.0% |
| 21ST MORTGAGE CORPORATION | $795,000 | $465,000 | -41.5% | 0.0% |
| CONSUMERS COOPERATIVE CREDIT UNION | $725,000 | $465,000 | -35.9% | 0.0% |
| AMERICAN ADVISORS GROUP | $505,000 | $460,000 | -8.9% | 0.0% |
| Servion, Inc. | $1,140,000 | $460,000 | -59.6% | 0.0% |
| BNC National Bank | $185,000 | $455,000 | 145.9% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $155,000 | $445,000 | 187.1% | 0.0% |
| Credit Union 1 | $190,000 | $440,000 | 131.6% | 0.0% |
| Northpointe Bank | $775,000 | $435,000 | -43.9% | 0.0% |
| The Home Loan Expert LLC | $850,000 | $435,000 | -48.8% | 0.0% |
| PREMIA MORTGAGE, LLC | $325,000 | $430,000 | 32.3% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $945,000 | $430,000 | -54.5% | 0.0% |
| Citibank | $770,000 | $415,000 | -46.1% | 0.0% |
| First Federal Savings Bank | $680,000 | $415,000 | -39.0% | 0.0% |
| Illinois Community Credit Unio | $415,000 | n/a | 0.0% | |
| THOMPSON KANE & COMPANY, LLC | $815,000 | $400,000 | -50.9% | 0.0% |
| EMBRACE HOME LOANS, INC. | $955,000 | $390,000 | -59.2% | 0.0% |
| T2 FINANCIAL LLC | $530,000 | $390,000 | -26.4% | 0.0% |
| UIF CORPORATION | $715,000 | $380,000 | -46.9% | 0.0% |
| National Exchange Bank and Trust | $370,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $565,000 | $370,000 | -34.5% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,000,000 | $365,000 | -63.5% | 0.0% |
| NUMARK CREDIT UNION | $385,000 | $365,000 | -5.2% | 0.0% |
| DAS Acquisition Company, LLC | $995,000 | $360,000 | -63.8% | 0.0% |
| NBKC BANK | $580,000 | $360,000 | -37.9% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $455,000 | $360,000 | -20.9% | 0.0% |
| American Bank and Trust Company | $450,000 | $355,000 | -21.1% | 0.0% |
| Credence Funding Corporation | $355,000 | n/a | 0.0% | |
| First Midwest Bank | $2,950,000 | $355,000 | -88.0% | 0.0% |
| DUPACO COMMUNITY | $355,000 | $350,000 | -1.4% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $270,000 | $350,000 | 29.6% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $195,000 | $345,000 | 76.9% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,195,000 | $340,000 | -71.5% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $845,000 | $330,000 | -60.9% | 0.0% |
| PremierBank | $155,000 | $325,000 | 109.7% | 0.0% |
| CANOPY MORTGAGE, LLC | $75,000 | $320,000 | 326.7% | 0.0% |
| HOMESITE MORTGAGE, LLC | $320,000 | n/a | 0.0% | |
| Ottawa Savings Bank | $320,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $310,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $585,000 | $310,000 | -47.0% | 0.0% |
| OCMBC, INC. | $900,000 | $310,000 | -65.6% | 0.0% |
| First Bank & Trust | $2,125,000 | $295,000 | -86.1% | 0.0% |
| NASA Federal Credit Union | $295,000 | n/a | 0.0% | |
| Think Mutual Bank | $55,000 | $295,000 | 436.4% | 0.0% |
| KELLER MORTGAGE, LLC | $515,000 | $290,000 | -43.7% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $190,000 | $285,000 | 50.0% | 0.0% |
| MidAmerica National Bank | $285,000 | n/a | 0.0% | |
| Peoples Bank | $145,000 | $285,000 | 96.6% | 0.0% |
| Bankers Trust Company | $280,000 | n/a | 0.0% | |
| Busey Bank | $280,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $390,000 | $275,000 | -29.5% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $820,000 | $275,000 | -66.5% | 0.0% |
| CLEARPATH LENDING | $730,000 | $265,000 | -63.7% | 0.0% |
| Greenbox Loans, Inc. | $265,000 | $265,000 | 0.0% | 0.0% |
| Quontic Bank | $260,000 | n/a | 0.0% | |
| GMFS LLC | $1,215,000 | $255,000 | -79.0% | 0.0% |
| OAKTREE FUNDING CORP. | $255,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $345,000 | $245,000 | -29.0% | 0.0% |
| DuTrac Community Credit Union | $245,000 | n/a | 0.0% | |
| Truity Federal Credit Union | $245,000 | n/a | 0.0% | |
| Y-12 Federal Credit Union | $245,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,040,000 | $235,000 | -77.4% | 0.0% |
| SELFRELIANCE | $235,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $935,000 | $230,000 | -75.4% | 0.0% |
| Heartland Bank and Trust Company | $225,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $225,000 | n/a | 0.0% | |
| Truist | $225,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $1,510,000 | $220,000 | -85.4% | 0.0% |
| Abbott Laboratories Employees Credit Union | $205,000 | n/a | 0.0% | |
| Secured Investment Corp. | $55,000 | $205,000 | 272.7% | 0.0% |
| BEST CAPITAL FUNDING | $125,000 | $195,000 | 56.0% | 0.0% |
| EMM LOANS LLC | $485,000 | $195,000 | -59.8% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $135,000 | $195,000 | 44.4% | 0.0% |
| Centra Credit Union | $190,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $380,000 | $190,000 | -50.0% | 0.0% |
| Bank First, N.A. | $185,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $185,000 | n/a | 0.0% | |
| FEDERATED MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $185,000 | n/a | 0.0% | |
| Florida Capital Bank | $270,000 | $185,000 | -31.5% | 0.0% |
| GERSHMAN INVESTMENT CORP. | $55,000 | $185,000 | 236.4% | 0.0% |
| PARTNERSHIP FINANCIAL | $185,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $550,000 | $185,000 | -66.4% | 0.0% |
| Gateway First Bank | $180,000 | n/a | 0.0% | |
| Allied First Bank,sb | $175,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $175,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $175,000 | n/a | 0.0% | |
| STARBOARD FINANCIAL MANAGEMENT, LLC | $175,000 | n/a | 0.0% | |
| The Central Trust Bank | $175,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | $175,000 | 84.2% | 0.0% |
| Deere Employees Credit Union | $650,000 | $165,000 | -74.6% | 0.0% |
| Hometown Equity Mortgage, LLC | $165,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $580,000 | $165,000 | -71.6% | 0.0% |
| Mid-Continent Funding, Inc. | $330,000 | $165,000 | -50.0% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $160,000 | n/a | 0.0% | |
| Austin Capital Bank SSB | $155,000 | n/a | 0.0% | |
| Boeing Employees Credit Union | $150,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $215,000 | $145,000 | -32.6% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| RUHL MORTGAGE, LLC | $145,000 | n/a | 0.0% | |
| Blackhawk Bank & Trust | $135,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $370,000 | $135,000 | -63.5% | 0.0% |
| INTOUCH CREDIT UNION | $135,000 | n/a | 0.0% | |
| Mutual Federal Bank | $1,210,000 | $135,000 | -88.8% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $435,000 | $135,000 | -69.0% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,185,000 | $135,000 | -88.6% | 0.0% |
| Colonial Savings, F.A. | $130,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $155,000 | $130,000 | -16.1% | 0.0% |
| DATA MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
| Grundy Bank | $125,000 | n/a | 0.0% | |
| Manufacturers Bank & Trust Company | $125,000 | n/a | 0.0% | |
| MLB RESIDENTIAL LENDING, LLC | $125,000 | n/a | 0.0% | |
| Southwest Airlines Federal Credit Union | $125,000 | n/a | 0.0% | |
| Ally Bank | $645,000 | $115,000 | -82.2% | 0.0% |
| Bank Five Nine | $115,000 | n/a | 0.0% | |
| FirstBank | $105,000 | $115,000 | 9.5% | 0.0% |
| SUMMIT FUNDING, INC. | $14,990,000 | $115,000 | -99.2% | 0.0% |
| CITYWIDE HOME LOANS, LLC | $170,000 | $110,000 | -35.3% | 0.0% |
| FRANKLIN MINT | $105,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $105,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $95,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $95,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $95,000 | n/a | 0.0% | |
| Pacor Mortgage Corp | $95,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $95,000 | n/a | 0.0% | |
| Woodford State Bank | $105,000 | $95,000 | -9.5% | 0.0% |
| Arvest Bank | $385,000 | $85,000 | -77.9% | 0.0% |
| Chicago Mortgage Solutions LLC | $1,360,000 | $85,000 | -93.8% | 0.0% |
| GREAT LAKES | $165,000 | $85,000 | -48.5% | 0.0% |
| MIDLAND MORTGAGE CORPORATION | $85,000 | n/a | 0.0% | |
| The Bank of Brodhead | $370,000 | $85,000 | -77.0% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $75,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $75,000 | n/a | 0.0% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $105,000 | $75,000 | -28.6% | 0.0% |
| North American Savings Bank, F.S.B. | $475,000 | $75,000 | -84.2% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $95,000 | $75,000 | -21.1% | 0.0% |
| United Community Bank | $690,000 | $75,000 | -89.1% | 0.0% |
| THRIVENT Federal Credit Union | $395,000 | $70,000 | -82.3% | 0.0% |
| FNBC Bank & Trust | $65,000 | n/a | 0.0% | |
| GENISYS | $35,000 | $65,000 | 85.7% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $65,000 | n/a | 0.0% | |
| Liberty National Bank | $65,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $65,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $200,000 | $65,000 | -67.5% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $55,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| IAA Credit Union | $55,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $50,000 | n/a | 0.0% | |
| JUSTICE Federal Credit Union | $45,000 | n/a | 0.0% | |
| North Shore Bank FSB | $45,000 | n/a | 0.0% | |
| Illinois State Police Federal Credit Union | $105,000 | $35,000 | -66.7% | 0.0% |
| MidFirst Bank | $35,000 | n/a | 0.0% | |
| UNITED | $105,000 | $35,000 | -66.7% | 0.0% |
| Nicolet National Bank | $225,000 | $15,000 | -93.3% | 0.0% |
ROCKFORD's top lender by overall market share is Blackhawk Bank, with 9.6% market share. In second place, with 6.6%, is ENVOY MORTGAGE, LTD, having originated $74,220,000 in loans. In third place, with 4.5%, is QUICKEN LOANS, LLC, having originated $50,470,000 in loans. In fourth place, with 4.3%, is Midwest Community Bank, having originated $48,425,000 in loans. In fifth place, with 3.2%, is Midland States Bank, having originated $36,325,000 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%) | 0.49 | 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%) | 0.48 | 806 |
| 2020-03-01 | $145,325 (3.9%) | $188,113 (2.8%) | 0.46 | 746 |
| 2020-04-01 | $149,900 (1.5%) | $193,673 (1.3%) | 0.47 | 726 |
| 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 (3.4%) | $212,788 (13.1%) | 0.43 | 219 |
| 2021-04-01 | $162,400 (8.3%) | $230,291 (18.9%) | 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 |
ROCKFORD's median listing price for 2023-05-01 was $188,550, a difference of
$10,075
(5.7%) versus the prior year and
$8,550 versus the prior month.
ROCKFORD's median listing price comes in at 43% of the national average.
ROCKFORD's average listing price for 2023-05-01 was $260,563, a difference of $24,476 (10.4%) versus the prior year and $-6,304 versus the prior month.
For the 2023-05-01 period, ROCKFORD had 235 MLS listings, a difference of 39 listings (20%) versus the prior month and -51 listings (-18%) versus the prior year.
ROCKFORD's median listing price comes in at 43% of the national average.
ROCKFORD's average listing price for 2023-05-01 was $260,563, a difference of $24,476 (10.4%) versus the prior year and $-6,304 versus the prior month.
For the 2023-05-01 period, ROCKFORD had 235 MLS listings, a difference of 39 listings (20%) versus the prior month and -51 listings (-18%) 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 | 1,995 sqft |
| 2018-09-01 | 57 days | 1,992 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 | 1,827 sqft |
| 2019-02-01 | 82 days | 1,868 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 | 50 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 | 1,852 sqft |
| 2020-04-01 | 58 days | 1,894 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 | 1,870 sqft |
| 2022-08-01 | 31 days | 1,843 sqft |
| 2022-09-01 | 39 days | 1,830 sqft |
| 2022-10-01 | 39 days | 1,803 sqft |
| 2022-11-01 | 42 days | 1,785 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 | 1,681 sqft |
ROCKFORD's median listing age (time on market) for 2023-05-01 was 21 days.
This
is -13%
shorter
than the same period one year ago.
ROCKFORD's median square footage for active listings during the 2023-05-01 period was 1,681 sqft. One year prior, the average listing was 1,755 sqft.
ROCKFORD's median square footage for active listings during the 2023-05-01 period was 1,681 sqft. One year prior, the average listing was 1,755 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.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 60033 | Rockford, IL | $900 | $990 | $1,140 | $1,440 | $1,710 |
| 60135 | Rockford, IL | $760 | $860 | $1,110 | $1,580 | $1,900 |
| 60145 | Rockford, IL | $700 | $790 | $1,020 | $1,450 | $1,740 |
| 60146 | Rockford, IL | $640 | $730 | $930 | $1,330 | $1,610 |
| 60152 | Rockford, IL | $870 | $950 | $1,100 | $1,390 | $1,660 |
| 61008 | Rockford, IL | $560 | $650 | $850 | $1,160 | $1,230 |
| 61011 | Rockford, IL | $830 | $950 | $1,250 | $1,710 | $1,810 |
| 61012 | Rockford, IL | $580 | $670 | $880 | $1,200 | $1,280 |
| 61016 | Rockford, IL | $520 | $600 | $790 | $1,080 | $1,150 |
| 61019 | Rockford, IL | $600 | $690 | $910 | $1,240 | $1,320 |
| 61020 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61024 | Rockford, IL | $490 | $560 | $740 | $1,000 | $1,070 |
| 61038 | Rockford, IL | $700 | $790 | $970 | $1,290 | $1,460 |
| 61039 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61047 | Rockford, IL | $500 | $570 | $750 | $1,020 | $1,090 |
| 61052 | Rockford, IL | $640 | $730 | $930 | $1,330 | $1,610 |
| 61063 | Rockford, IL | $580 | $670 | $880 | $1,200 | $1,280 |
| 61065 | Rockford, IL | $830 | $950 | $1,250 | $1,710 | $1,810 |
| 61072 | Rockford, IL | $520 | $600 | $790 | $1,080 | $1,150 |
| 61073 | Rockford, IL | $730 | $840 | $1,100 | $1,500 | $1,600 |
| 61077 | Rockford, IL | $580 | $670 | $880 | $1,200 | $1,280 |
| 61079 | Rockford, IL | $500 | $570 | $760 | $1,030 | $1,100 |
| 61080 | Rockford, IL | $500 | $570 | $750 | $1,020 | $1,090 |
| 61084 | Rockford, IL | $670 | $770 | $1,010 | $1,380 | $1,470 |
| 61088 | Rockford, IL | $560 | $650 | $850 | $1,160 | $1,230 |
| 61101 | Rockford, IL | $520 | $590 | $780 | $1,060 | $1,130 |
| 61102 | Rockford, IL | $520 | $590 | $780 | $1,060 | $1,130 |
| 61103 | Rockford, IL | $540 | $620 | $810 | $1,100 | $1,180 |
| 61104 | Rockford, IL | $500 | $580 | $760 | $1,040 | $1,100 |
| 61105 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61107 | Rockford, IL | $590 | $680 | $890 | $1,210 | $1,290 |
| 61108 | Rockford, IL | $570 | $650 | $860 | $1,170 | $1,250 |
| 61109 | Rockford, IL | $540 | $620 | $810 | $1,100 | $1,180 |
| 61110 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61111 | Rockford, IL | $580 | $660 | $870 | $1,190 | $1,260 |
| 61112 | Rockford, IL | $540 | $620 | $820 | $1,120 | $1,200 |
| 61114 | Rockford, IL | $660 | $750 | $990 | $1,350 | $1,440 |
| 61115 | Rockford, IL | $640 | $740 | $970 | $1,320 | $1,410 |
| 61125 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61126 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61130 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61131 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
| 61132 | Rockford, IL | $550 | $630 | $830 | $1,130 | $1,200 |
2022 Average & Median Rent Data Statistics
ROCKFORD, IL average 1BR rent: $688, median: $650
ROCKFORD, IL average 2BR rent: $894, median: $850
ROCKFORD, IL average 3BR rent: $1,218, median: $1,160
ROCKFORD, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,217 | $720,205,000 | $170,786 |
| Cash Out Refi | 1,141 | $157,685,000 | $138,199 |
| Refi | 1,037 | $174,135,000 | $167,922 |
| Other | 541 | $33,035,000 | $61,063 |
| Home Improvement | 452 | $37,850,000 | $83,739 |
Rockford's most frequently cited loan purpose was Home Purchase, with 4,217 originations. The 2nd most popular reason was Cash Out Refi, with 1,141 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,952 | $304,830,000 | $156,163 |
| 4-5% | 1,436 | $243,600,000 | $169,638 |
| 3-4% | 1,368 | $241,470,000 | $176,513 |
| 6-7% | 1,240 | $161,210,000 | $130,008 |
| 2.5-3% | 383 | $56,815,000 | $148,342 |
| 7-8% | 368 | $43,470,000 | $118,125 |
| <2.5% | 337 | $30,035,000 | $89,125 |
| Over 8% | 154 | $10,500,000 | $68,182 |
During 2022, Rockford's most frequently originated rate bucket was 5-6%, with 1,952 originations.
Loan Sizing (ROCKFORD, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 3,183 | $456,235,000 | $143,335 |
| $100,000 or less | 2,824 | $163,630,000 | $57,943 |
| $200k-400k | 1,236 | $320,510,000 | $259,312 |
| $400k-600k | 90 | $42,180,000 | $468,667 |
| $Over $1MM | 32 | $123,500,000 | $3,859,375 |
| $600k-1000k | 23 | $16,855,000 | $732,826 |
ROCKFORD's loan sizing saw the bucket of loans from $100k-200k with 3,183 originations, totaling $456,235,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,275 | $554,145,000 | $169,205 |
| 60-80% | 1,950 | $356,780,000 | $182,964 |
| 20-40% | 658 | $44,790,000 | $68,070 |
| Under 20% | 656 | $19,070,000 | $29,070 |
| 40-60% | 646 | $79,710,000 | $123,390 |
| Over 100% | 46 | $24,250,000 | $527,174 |
ROCKFORD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,275 originations, totaling $554,145,000 in origination value.