ROCKFORD Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rockford averaged
7.01%
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
7.04% and
one month ago for the week of 2024-10-03, the
average rate was 6.24%.
Rockford's average rate one year ago was 7.68%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.25%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Rockford 30 Year Fixed Rate | 2024-11-07 | 7.01% |
| Rockford 30 Year Fixed Rate Refi | 2024-11-07 | 7.25% |
| Rockford 15 Year Fixed Rate | 2024-11-07 | 6.44% |
| Rockford 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Rockford 30 Year FHA | 2024-11-07 | 6.17% |
| Rockford 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Rockford 30 Year USDA | 2024-11-07 | 6.58% |
| Rockford 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Rockford 30 Year VA | 2024-11-07 | 6.47% |
| Rockford 30 Year VA Refi | 2024-11-07 | 6.54% |
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 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, IL Average Rent (2023)
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| 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.