ROCKFORD Mortgage Rates

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

30 Year Fixed Rate mortgages in Rockford averaged 3.27% for the week of 2021-12-02, compared to the national average of 3.11% for the same period.

The average rate for the prior week (2021-11-24) was 3.16% and one month ago for the week of 2021-10-28, the average rate was 3.6%.

Rockford's average rate one year ago was 3.08%.

For refis of the same type during the week of 2021-12-02, the average rate was 3.05%.

Loan Type Date Rate
US 30 Year Fixed Rate 2021-12-02 3.11%
Rockford 30 Year Fixed Rate 2021-12-02 3.27%
Rockford 30 Year Fixed Rate Refi 2021-12-02 3.05%
Rockford 15 Year Fixed Rate 2021-12-02 2.51%
Rockford 15 Year Fixed Rate Refi 2021-12-02 2.45%
Rockford 30 Year FHA 2021-12-02 3.28%
Rockford 30 Year FHA Refi 2021-12-02 3.49%
Rockford 30 Year USDA 2021-12-02 3.08%
Rockford 30 Year USDA Refi 2021-12-02 3.7%
Rockford 30 Year VA 2021-12-02 3.36%
Rockford 30 Year VA Refi 2021-12-02 2.95%
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 lendor, 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 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
Blackhawk Bank 822 3.32% $2,546
Midwest Community Bank 464 3.16% $2,480
ENVOY MORTGAGE, LTD 361 3.57% $3,604
NORTHWEST BANK OF ROCKFORD 283 3.28% $2,082
Stillman BancCorp N.A. 246 3.21% $1,634
FIRST NORTHERN Credit Union 226 3.10% $2,271
The First National Bank and Trust Company 165 3.36% $2,003
Midland States Bank 153 3.28% $2,951
QUICKEN LOANS, LLC 149 3.39% $4,415
Barrington Bank & Trust Company, N.A. 89 3.39% $3,239
ACADEMY MORTGAGE CORPORATION 88 3.54% $3,852
Associated Bank, National Association 84 3.56% $2,342
JPMorgan Chase Bank, National Association 79 3.47% $2,738
First National Bank of Omaha 70 3.60% $2,441
U.S. Bank National Association 70 3.48% $2,422
Rock Valley Credit Union 54 3.40% $1,928
PNC Bank, National Association 53 3.66% $2,419
UNITED WHOLESALE MORTGAGE, LLC 49 3.33% $4,099
Wells Fargo Bank, National Association 44 3.17% $3,031
Platinum Home Mortgage Corporation 42 3.44% $4,007
FIRST CENTENNIAL MORTGAGE CORPORATION 37 3.12% $3,192
GUARANTEED RATE, INC. 30 3.14% $3,216
BMO Harris Bank National Association 28 3.59% $3,542
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 3.18% $3,387
LOANDEPOT.COM, LLC 23 3.44% $3,140
CROSSCOUNTRY MORTGAGE, LLC 22 3.12% $3,883
COMPASS MORTGAGE, INC. 19 3.17% $3,021
CALIBER HOME LOANS, INC. 17 3.29% $3,682
Bank of America, National Association 17 3.34% $3,471
NATIONSTAR MORTGAGE LLC 17 3.48% $4,751
AMERICAN PACIFIC MORTGAGE CORPORATION 16 3.13% $4,178
HOMESIDE FINANCIAL, LLC 15 3.48% $2,261
AMERISAVE MORTGAGE CORPORATION 14 3.05% $4,630
MORTGAGE CENTER L.C 13 3.56% $2,535
ILLINOIS STATE CREDIT UNION 13 3.05% $1,758
First Bank & Trust 12 3.43% $2,944
PLAZA HOME MORTGAGE, INC. 12 3.23% $3,264
COMPEER FINANCIAL, FLCA 12 3.54% $3,849
HOME POINT FINANCIAL CORPORATION 11 3.27% $3,121
INLAND BANK & TRUST 11 3.45% $3,344
NAVY FEDERAL CREDIT UNION 11 3.84% $3,033
First Midwest Bank 10 3.18% $3,209
Fifth Third Bank, National Association 10 3.78% $1,870
BROKER SOLUTIONS, INC. 9 3.42% $4,100
Blackhawk Community Credit Union 9 3.65% $2,120
HERITAGE CREDIT UNION 8 3.41% $1,818
FLAT BRANCH MORTGAGE, INC. 8 3.06% $3,568
MUTUAL OF OMAHA MORTGAGE, INC. 8 2.91% $2,513
Neighborhood Loans, Inc. 8 3.77% $3,030
DRAPER AND KRAMER MORTGAGE CORP. 8 3.06% $2,807
ROYAL UNITED MORTGAGE LLC 8 3.33% $6,591
Key Mortgage Services, Inc. 7 3.38% $3,566
The Huntington National Bank 7 3.00% $3,383
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 3.41% $3,881
PENNYMAC LOAN SERVICES, LLC 7 3.27% $6,024
Paramount Residential Mortgage Group, Inc. 7 3.39% $4,335
Flagstar Bank, FSB 7 3.88% $3,563
Ally Bank 6 3.48% $3,711
CIBM Bank 6 3.23% $2,373
Old Second National Bank 5 3.23% $2,651
Home State Bank, National Association 5 3.15% $3,653
EVERETT FINANCIAL, INC. 5 3.75% $2,815
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 3.65% $2,681
First American Bank 4 3.19% $2,291
Carrington Mortgage Services, LLC 4 3.44% $3,788
USAA Federal Savings Bank 4 3.59% $3,385
UNION HOME MORTGAGE CORP. 4 3.72% $4,395
CONSUMERS COOPERATIVE CREDIT UNION 4 3.41% $5,158
SIRVA MORTGAGE, INC. 4 3.06% $428
THOMPSON KANE & COMPANY, LLC 4 3.41% $3,034
INLANTA MORTGAGE, INC. 4 3.19% $3,119
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.19% $3,087
First Federal Bank 4 3.34% $2,587
STEARNS LENDING, LLC 4 3.56% $3,448
CELEBRITY HOME LOANS, LLC 4 3.69% $2,707
DUPACO COMMUNITY 3 3.17% $2,673
ALLIANT CREDIT UNION 3 3.33% $4,057
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 3.50% $863
First Federal Savings Bank 3 2.92% $1,014
PENTAGON FEDERAL CREDIT UNION 3 3.04% $1,705
SOFI LENDING CORP. 3 3.00% $4,202
First Savings Bank 3 3.17% $3,147
Johnson Bank 3 3.23% $2,752
The Federal Savings Bank 3 2.92% $1,569
CHERRY CREEK MORTGAGE, LLC 3 3.33% $526
Northpointe Bank 3 3.58% $3,782
GMFS LLC 3 3.38% $2,719
GUARANTEED RATE AFFINITY, LLC 3 3.33% $2,060
NEWREZ LLC 3 3.62% $3,926
BETTER MORTGAGE CORPORATION 3 3.29% $3,039
FINANCE OF AMERICA MORTGAGE LLC 3 3.17% $2,985
POLISH & SLAVIC FEDERAL CREDIT UNION 2 3.13% $2,693
AMERICAN FINANCING CORPORATION 2 2.94% $4,776
Bank of England 2 3.31% $3,421
Community Mortgage Banc Corporation 2 3.24% $2,906
CORPORATE AMERICA FAMILY 2 3.38% $3,070
Deere Employees Credit Union 2 2.69% $3,441
Discover Bank 2 6.49% $0
ENDEAVOR CAPITAL, LLC. 2 2.88% $3,269
First State Bank 2 2.88% $1,521
GENEVA FINANCIAL, LLC 2 3.75% $3,588
GREAT LAKES 2 3.00% $3,487
GUILD MORTGAGE COMPANY 2 2.88% $2,616
HOMESTEAD FUNDING CORP. 2 3.31% $3,330
Ixonia Bank 2 3.44% $2,543
LAND HOME FINANCIAL SERVICES, INC. 2 4.13% $3,273
LEADERONE FINANCIAL CORPORATION 2 2.87% $3,206
Pacor Mortgage Corp 2 2.94% $2,706
PARKSIDE LENDING, LLC 2 3.69% $2,764
Plains Commerce Bank 2 3.13% $4,792
PROPER RATE, LLC 2 3.00% $2,879
Prosperity Home Mortgage, LLC 2 4.13% $3,257
Servion, Inc. 2 3.31% $3,568
Stifel Bank and Trust 2 2.75% $2,208
SUCCESS MORTGAGE PARTNERS, INC. 2 3.31% $3,022
Truist Bank 2 2.85% $3,362
United Fidelity Funding Corp. 2 4.25% $5,109
Nations Lending Corporation 1 3.75% $7,163
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.25% $6,055
Holcomb Bank 1 2.75% $1,826
Heartland Bank and Trust Company 1 3.50% $2,367
GUIDANCE RESIDENTIAL, LLC 1 4.25% $3,585
North American Savings Bank, F.S.B. 1 3.38% $2,145
GERSHMAN INVESTMENT CORP. 1 3.75% $2,857
North Shore Bank FSB 1 3.75% $1,977
FREEDOM MORTGAGE CORPORATION 1 2.75% $1,816
NUMARK CREDIT UNION 1 4.50% $3,294
OAKTREE FUNDING CORP. 1 7.38% $6,253
OCMBC, INC. 1 3.38% $4,980
FortuneBank 1 2.50% $2,470
ARC HOME LLC 1 2.88% $2,699
FIRST STATE MORTGAGE SERVICES, LLC 1 3.00% $2,869
Wyndham Capital Mortgage, Inc. 1 3.50% $1,590
First State Bank of St. Charles, Missouri 1 2.75% $3,255
First Home Bank 1 3.50% $4,508
AmRes Corporation 1 3.50% $6,990
PLANET HOME LENDING, LLC 1 3.25% $7,563
First Financial Credit Union 1 3.25% $4,244
First Bank 1 2.88% $2,292
EMM LOANS LLC 1 3.38% $9,620
EDUCATORS CREDIT UNION 1 3.00% $2,183
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.50% $2,910
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.25% $3,178
AmeriHome Mortgage Company, LLC 1 4.50% $2,458
AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $5,403
PURDUE FEDERAL CREDIT UNION 1 3.25% $7,180
DEEPHAVEN MORTGAGE LLC 1 9.13% $2,282
RAPID MORTGAGE COMPANY 1 2.63% $4,247
Raymond James Bank, National Association 1 3.63% $3,897
Regions Bank 1 3.13% $2,908
DAS Acquisition Company, LLC 1 3.88% $3,257
Credit Union 1 1 4.38% $2,280
Colonial Savings, F.A. 1 3.75% $3,001
VAN DYK MORTGAGE CORPORATION 1 3.63% $3,790
CMG MORTGAGE, INC. 1 3.38% $3,015
Citizens Bank, National Association 1 3.50% $2,254
Starion Bank 1 3.63% $1,867
Citibank, National Association 1 4.00% $3,060
Vibrant Credit Union 1 2.75% $2,935
Cincinnati Federal 1 3.00% $2,192
V.I.P. MORTGAGE, INC. 1 2.99% $3,531
Summit Credit Union 1 3.63% $0
The Bank of New Glarus 1 2.88% $1,877
Chicago Financial Services, Inc. 1 3.25% $2,935
BLUELEAF LENDING, LLC 1 3.38% $1,583
Baxter Credit Union 1 3.50% $3,093
The Northern Trust Company 1 2.63% $2,642
The Union Bank Company 1 2.88% $1,776
Think Mutual Bank 1 2.88% $5,451
Third Federal Savings and Loan Association of Cleveland 1 3.09% $2,937
Axos Bank 1 2.49% $2,344
THRIVENT Federal Credit Union 1 3.38% $1,772
TIAA, FSB 1 3.75% $2,427
TJC Mortgage, Inc. 1 2.75% $2,527
TOWNE MORTGAGE COMPANY 1 3.38% $2,484
Amalgamated Bank 1 2.63% $5,020
UIF CORPORATION 1 4.38% $4,729
Level One Bank 1 3.38% $3,322
Lend Smart Mortgage, LLC 1 3.50% $3,056
Magnolia Bank 1 3.38% $4,076
Mazuma Credit Union 1 3.50% $2,700
LAKE MICHIGAN CREDIT UNION 1 3.75% $4,275
InterContinental Capital Group, Inc 1 2.88% $3,590
MLD MORTGAGE INC. 1 2.63% $3,261
INB, National Association 1 2.63% $2,587
Mortgage Research Center, LLC 1 3.50% $1,505
Illinois Bank & Trust 1 3.00% $3,580

ROCKFORD, IL's 187 lenders originated 11,473 loans during 2020. The total origination value was $1,653,345,000, with an average loan value of $144,107.

The top ROCKFORD lender as defined by loan originations is Blackhawk Bank, with 822 loans originated. Their average total fees are $2,546, which is $66 higher than the next largest lender, Midwest Community Bank.

The lowest fee ROCKFORD lenders (with over 10 loans originated) are Stillman BancCorp N.A. ($1,634), ILLINOIS STATE CREDIT UNION ($1,758), Fifth Third Bank, National Association ($1,870), Rock Valley Credit Union ($1,928) and The First National Bank and Trust Company ($2,003).

The lowest rate ROCKFORD lenders (with over 10 loans originated) are ILLINOIS STATE CREDIT UNION (3.05%), AMERISAVE MORTGAGE CORPORATION (3.05%), FIRST NORTHERN Credit Union (3.10%), FIRST CENTENNIAL MORTGAGE CORPORATION (3.12%) and CROSSCOUNTRY MORTGAGE, LLC (3.12%).

ROCKFORD, IL Lender 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 2019 Loan Value 2020 Loan Value % Change 2020 Market Share
Blackhawk Bank $107,695,000 $201,105,000 86.7% 12.2%
MIDWEST COMMUNITY BANK $84,455,000 $147,070,000 74.1% 8.9%
Envoy Mortgage Ltd. $66,305,000 $103,020,000 55.4% 6.2%
Quicken Loans $47,235,000 $80,380,000 70.2% 4.9%
Stillman BancCorp, N.A. $26,435,000 $78,925,000 198.6% 4.8%
Byron Bank $26,890,000 $75,805,000 181.9% 4.6%
Northwest Bank of Rockford $35,335,000 $72,105,000 104.1% 4.4%
Midland States Bank $47,075,000 $59,165,000 25.7% 3.6%
First Northern Credit Union $10,245,000 $55,620,000 442.9% 3.4%
The First National Bank and Trust Company $17,405,000 $44,655,000 156.6% 2.7%
Academy Mortgage Corporation $21,085,000 $31,660,000 50.2% 1.9%
Freedom Mortgage Corporation $7,975,000 $30,855,000 286.9% 1.9%
Associated Bank NA $17,415,000 $26,340,000 51.2% 1.6%
Barrington Bank & Trust $16,520,000 $26,165,000 58.4% 1.6%
JPMorgan Chase Bank, NA $20,185,000 $21,105,000 4.6% 1.3%
US BANK, N.A. $18,260,000 $20,290,000 11.1% 1.2%
FIRST NATIONAL BANK OF OMAHA $17,105,000 $19,735,000 15.4% 1.2%
Nationstar Mortgage $10,770,000 $19,305,000 79.2% 1.2%
PNC BANK NA $17,275,000 $19,270,000 11.5% 1.2%
Rock Valley Credit Union $6,855,000 $17,760,000 159.1% 1.1%
ILLINOIS BANK & TRUST $17,390,000 $17,665,000 1.6% 1.1%
Platinum Home Mortgage Corporation $14,920,000 $17,095,000 14.6% 1.0%
United Shore Financial Services LLC $7,565,000 $16,510,000 118.2% 1.0%
BMO Harris Bank N.A. $22,370,000 $16,325,000 -27.0% 1.0%
Mortgage Research Center LLC $9,680,000 $16,250,000 67.9% 1.0%
WELLS FARGO BANK NA $17,005,000 $16,000,000 -5.9% 1.0%
Holcomb Bank $5,385,000 $15,785,000 193.1% 1.0%
loanDepot LLC $9,385,000 $15,400,000 64.1% 0.9%
Guaranteed Rate Inc. $7,665,000 $13,585,000 77.2% 0.8%
First Centennial Mortgage Corp. $6,840,000 $12,385,000 81.1% 0.7%
KeyBank National Association $11,205,000 n/a 0.7%
WALKER & DUNLOP, LLC $18,160,000 $9,965,000 -45.1% 0.6%
Arbor Realty Trust Inc $9,230,000 n/a 0.6%
FAIRWAY INDEPENDENT MORT CORP $3,555,000 $8,995,000 153.0% 0.5%
Caliber Home Loans Inc $2,915,000 $8,955,000 207.2% 0.5%
Central Bank Illinois $3,165,000 $8,945,000 182.6% 0.5%
The Harvard State Bank $1,295,000 $7,365,000 468.7% 0.4%
Consumers Credit Union $310,000 $7,035,000 2,169.4% 0.4%
Huntington National Bank $2,240,000 $6,830,000 204.9% 0.4%
Union Savings Bank $9,465,000 $6,760,000 -28.6% 0.4%
American Pacific Mortgage Corporation $6,555,000 n/a 0.4%
Plaza Home Mortgage Inc. $4,125,000 $5,745,000 39.3% 0.3%
Bank of America NA $4,370,000 $5,600,000 28.1% 0.3%
USAA FEDERAL SAVINGS BANK $4,165,000 $5,250,000 26.1% 0.3%
NEWREZ LLC $2,015,000 $5,080,000 152.1% 0.3%
Heritage Credit Union $5,395,000 $4,785,000 -11.3% 0.3%
Compass Mortgage Inc $1,955,000 $4,720,000 141.4% 0.3%
Berkadia Commercial Mortgage $4,535,000 n/a 0.3%
Amerisave Mortgage Corporation $915,000 $4,470,000 388.5% 0.3%
New American Funding (dba for Broker Solutions Inc) $2,610,000 $4,350,000 66.7% 0.3%
Mortgage Center LLC $2,590,000 $4,310,000 66.4% 0.3%
NAVY FEDERAL CREDIT UNION $3,980,000 $4,130,000 3.8% 0.2%
SENB Bank $1,210,000 $4,070,000 236.4% 0.2%
Paramount Residential Mortgage Group Inc. $520,000 $4,000,000 669.2% 0.2%
Neighborhood Loans $1,430,000 $3,885,000 171.7% 0.2%
Fifth Third Bank $7,095,000 $3,855,000 -45.7% 0.2%
PENNYMAC LOAN SERVICES LLC $2,445,000 $3,815,000 56.0% 0.2%
Home Point Financial Corporation $1,550,000 $3,685,000 137.7% 0.2%
WaterStone Bank SSB $3,185,000 $3,565,000 11.9% 0.2%
Compeer Financial ACA $725,000 $3,530,000 386.9% 0.2%
Key Mortgage Services Inc. $3,355,000 $3,440,000 2.5% 0.2%
The Federal Savings Bank $2,645,000 $3,415,000 29.1% 0.2%
Homeside Financial LLC $2,445,000 $3,360,000 37.4% 0.2%
Illinois State Credit Union $1,690,000 $3,350,000 98.2% 0.2%
FIRST BANK & TRUST $3,305,000 n/a 0.2%
Village Capital & Investment $695,000 $3,265,000 369.8% 0.2%
Greystone Servicing Corporation, Inc. $2,955,000 n/a 0.2%
FIRST STATE BANK $2,240,000 $2,715,000 21.2% 0.2%
Cardinal Financial Company LP $910,000 $2,530,000 178.0% 0.2%
CARRINGTON MORTGAGE SERVICES $4,980,000 $2,495,000 -49.9% 0.2%
Inlanta Mortgage $1,860,000 $2,385,000 28.2% 0.1%
Lakeview Loan Servicing, LLC $755,000 $2,360,000 212.6% 0.1%
Synergy One Lending $2,520,000 $2,275,000 -9.7% 0.1%
Inland Bank and Trust $845,000 $2,230,000 163.9% 0.1%
Home State Bank National Association $700,000 $2,225,000 217.9% 0.1%
Clearpath Lending $135,000 $2,220,000 1,544.4% 0.1%
Royal United Mortgage LLC $2,360,000 $2,165,000 -8.3% 0.1%
Blackhawk Community Credit Union $1,805,000 $2,135,000 18.3% 0.1%
Mortgage Services III LLC $5,915,000 $2,125,000 -64.1% 0.1%
Draper and Kramer Mortgage Corp. $1,360,000 $2,080,000 52.9% 0.1%
NewDay Financial LLC dba NewDay USA $1,110,000 $2,010,000 81.1% 0.1%
Flagstar Bank $3,635,000 $2,000,000 -45.0% 0.1%
Advia Credit Union $1,795,000 $1,995,000 11.1% 0.1%
JOHNSON BANK $575,000 $1,985,000 245.2% 0.1%
First Midwest Bank $1,250,000 $1,915,000 53.2% 0.1%
First American Bank $900,000 $1,825,000 102.8% 0.1%
Union Home Mortgage Company $210,000 $1,690,000 704.8% 0.1%
American Portfolio Mortgage $790,000 $1,620,000 105.1% 0.1%
Cherry Creek Mortgage Co. Inc. $860,000 $1,585,000 84.3% 0.1%
AmeriHomeMortgageCompany,LL $300,000 $1,485,000 395.0% 0.1%
Old Second National Bank $1,495,000 $1,460,000 -2.3% 0.1%
BLUELEAF LENDING, LLC $625,000 $1,455,000 132.8% 0.1%
Flat Branch Mortgage Inc. $1,140,000 $1,440,000 26.3% 0.1%
Towne Mortgage Company $690,000 $1,420,000 105.8% 0.1%
CIBM Bank $715,000 $1,355,000 89.5% 0.1%
Finance of America Mortgage LLC $960,000 $1,300,000 35.4% 0.1%
American Financial Network Inc. $370,000 $1,280,000 245.9% 0.1%
Better Mortgage Corporation $645,000 $1,270,000 96.9% 0.1%
Stearns Lending $825,000 $1,270,000 53.9% 0.1%
LeaderOne Financial Corp. $600,000 $1,220,000 103.3% 0.1%
UIF Corporation $955,000 $1,115,000 16.8% 0.1%
HomeBridge Financial Services, Inc. $1,245,000 $1,080,000 -13.3% 0.1%
First Federal Savings Bank $115,000 $1,075,000 834.8% 0.1%
Planet Home Lending LLC $635,000 $1,070,000 68.5% 0.1%
Guaranteed Rate Affinity LLC $155,000 $1,055,000 580.6% 0.1%
NBKC Bank $85,000 $1,040,000 1,123.5% 0.1%
Sirva Mortgage Inc. $1,580,000 $1,020,000 -35.4% 0.1%
Supreme Lending/ Everett Financial Inc. $540,000 $1,015,000 88.0% 0.1%
PHH MORTGAGE CORPORATION $1,190,000 $990,000 -16.8% 0.1%
Badger Bank $320,000 $985,000 207.8% 0.1%
Land Home Financial Services Inc. $215,000 $960,000 346.5% 0.1%
Midwest Equity Mortgage LLC $535,000 $960,000 79.4% 0.1%
GMFS LLC $840,000 $940,000 11.9% 0.1%
United Fidelity Funding Corp. $385,000 $905,000 135.1% 0.1%
First Savings Bank $660,000 $900,000 36.4% 0.1%
Mid-Continent Funding, Inc. $855,000 n/a 0.1%
Plains Commerce Bank $845,000 n/a 0.1%
Self-Help Credit Union $620,000 $815,000 31.5% 0.0%
Homestead Funding Corp. $805,000 n/a 0.0%
TCF National Bank $465,000 $770,000 65.6% 0.0%
Alliant Credit Union $870,000 $765,000 -12.1% 0.0%
Parkside Lending LLC $2,300,000 $765,000 -66.7% 0.0%
American Financing Corporation $430,000 $750,000 74.4% 0.0%
Mutual Federal Bank $175,000 $750,000 328.6% 0.0%
Guidance Residential LLC $535,000 $735,000 37.4% 0.0%
Pentagon Federal Credit Union $700,000 n/a 0.0%
Endeavor Capital Mortgage LLC $540,000 $680,000 25.9% 0.0%
Primary Residential Mortgage Inc. $45,000 $680,000 1,411.1% 0.0%
Old National Bank $385,000 $675,000 75.3% 0.0%
Sun West Mortgage Company Inc. $670,000 n/a 0.0%
CBNA $65,000 $650,000 900.0% 0.0%
Servion, Inc. $455,000 $650,000 42.9% 0.0%
OCMBC Inc. $255,000 $645,000 152.9% 0.0%
Guild Mortgage Company $450,000 $640,000 42.2% 0.0%
UNITED COMMUNITY BANK $640,000 n/a 0.0%
North American Savings Bank $155,000 $630,000 306.5% 0.0%
SoFi Lending Corp $270,000 $620,000 129.6% 0.0%
Dupaco Community Credit Union $610,000 n/a 0.0%
Deere Employees Credit Union $605,000 n/a 0.0%
Mid America Mortgage Inc. $115,000 $600,000 421.7% 0.0%
Thompson Kane & Company, LLC $210,000 $590,000 181.0% 0.0%
First Home Bank $585,000 n/a 0.0%
PRIMELENDING $905,000 $570,000 -37.0% 0.0%
Cornerstone National Bank & Trust Company $545,000 n/a 0.0%
Prosperity Home Mortgage LLC $545,000 n/a 0.0%
Northpointe Bank $540,000 n/a 0.0%
Town and Country Banc Mortgage $535,000 n/a 0.0%
COMMUNITY BANC MORTGAGE CORP $715,000 $525,000 -26.6% 0.0%
Ruhl Mortgage $515,000 n/a 0.0%
Hometown Lenders LLC $510,000 n/a 0.0%
Geneva Financial LLC $505,000 n/a 0.0%
Sovereign Lending Group, Inc $515,000 $500,000 -2.9% 0.0%
DAS Acquisition Company, LLC $85,000 $485,000 470.6% 0.0%
Success Mortgage Partners Inc. $280,000 $470,000 67.9% 0.0%
Oceanside Mortgage Company $230,000 $460,000 100.0% 0.0%
The Bank of New Glarus $395,000 $460,000 16.5% 0.0%
Stifel Bank and Trust $425,000 $455,000 7.1% 0.0%
CMG Mortgage Inc. $590,000 $445,000 -24.6% 0.0%
Cstone Mortgage Inc $445,000 n/a 0.0%
The Home Loan Expert $435,000 $440,000 1.1% 0.0%
First Mid Bank & Trust, NA $75,000 $435,000 480.0% 0.0%
Oxford Bank & Trust $285,000 $435,000 52.6% 0.0%
REGIONS BANK $415,000 n/a 0.0%
MLD Mortgage Inc. $410,000 n/a 0.0%
KS StateBank $1,290,000 $405,000 -68.6% 0.0%
Think Mutual Bank $405,000 n/a 0.0%
Educators Credit Union $410,000 $395,000 -3.7% 0.0%
Ark-La-Tex Financial Services LLC $380,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $75,000 $380,000 406.7% 0.0%
Great Lakes Credit Union $185,000 $375,000 102.7% 0.0%
M&T Bank $365,000 n/a 0.0%
Baxter Credit Union $615,000 $360,000 -41.5% 0.0%
Intercontinental Capital Group, Inc. $165,000 $360,000 118.2% 0.0%
Axos Bank $250,000 $355,000 42.0% 0.0%
Morton Community Bank $355,000 n/a 0.0%
Magnolia Bank Incorporated $145,000 $350,000 141.4% 0.0%
Churchill Mortgage Corporation $175,000 $345,000 97.1% 0.0%
Quad City Bank and Trust Company $345,000 n/a 0.0%
American Nationwide Mortgage Company $125,000 $340,000 172.0% 0.0%
Pacor Mortgage Corp $340,000 n/a 0.0%
Gershman Investment Corp. $335,000 n/a 0.0%
Merchants Bank of Indiana $335,000 n/a 0.0%
Third Federal Savings and Loan $350,000 $335,000 -4.3% 0.0%
AmWest Funding Corp. $330,000 n/a 0.0%
Branch Banking And Trust Co $320,000 n/a 0.0%
Ixonia Bank $315,000 n/a 0.0%
Bank of England $290,000 $310,000 6.9% 0.0%
City & County Credit Union $360,000 $310,000 -13.9% 0.0%
DIAMOND RESIDENTIAL MTG CORP $250,000 $310,000 24.0% 0.0%
GrandSouth Bank $305,000 n/a 0.0%
Toyota Financial Savings Bank $305,000 n/a 0.0%
Chicago Financial Services, In $300,000 n/a 0.0%
Nations Direct Mortgage LLC $185,000 $300,000 62.2% 0.0%
Flanagan State Bank $445,000 $290,000 -34.8% 0.0%
WEI Mortgage LLC $145,000 $290,000 100.0% 0.0%
Discover Bank $530,000 $285,000 -46.2% 0.0%
Waterstone Mortgage Corp $205,000 $285,000 39.0% 0.0%
Allied First BankSB $280,000 n/a 0.0%
Bank of Brodhead $55,000 $280,000 409.1% 0.0%
VanDyk Mortgage Corporation $280,000 n/a 0.0%
Ameritrust Mortgage Corporation $225,000 $275,000 22.2% 0.0%
CAPITAL BANK, NA $275,000 n/a 0.0%
NORTH SHORE BANK, FSB $275,000 n/a 0.0%
Thrivent Federal Credit Union $90,000 $270,000 200.0% 0.0%
Amalgamated Bank $265,000 n/a 0.0%
NorthStar Credit Union $215,000 $265,000 23.3% 0.0%
University of Iowa Community Credit Union $255,000 n/a 0.0%
21ST MORTGAGE $485,000 $250,000 -48.5% 0.0%
First Guaranty Mortgage Corporation $250,000 n/a 0.0%
IAA CREDIT UNION $245,000 n/a 0.0%
American Residential Lending $240,000 n/a 0.0%
Summit Credit Union $230,000 $240,000 4.3% 0.0%
Equity Prime Mortgage LLC $135,000 $235,000 74.1% 0.0%
Goldwater Bank National Association $175,000 $235,000 34.3% 0.0%
Embrace Home Loans, Inc. $105,000 $230,000 119.0% 0.0%
Colonial Savings $225,000 $225,000 0.0% 0.0%
Starion Bank $225,000 n/a 0.0%
Finance of America Commercial LLC $115,000 $220,000 91.3% 0.0%
Providence Bank & Trust $2,000,000 $220,000 -89.0% 0.0%
GSF Mortgage Corporation $495,000 $215,000 -56.6% 0.0%
AimLoan.com $290,000 $205,000 -29.3% 0.0%
E Mortgage Management LLC $770,000 $205,000 -73.4% 0.0%
FBC Mortgage LLC $205,000 n/a 0.0%
The Greenwoods State Bank $205,000 n/a 0.0%
TJC Mortgage, Inc. $205,000 n/a 0.0%
First Financial Credit Union $195,000 n/a 0.0%
Mazuma Credit Union $195,000 n/a 0.0%
Prime Choice Funding, Inc. $400,000 $195,000 -51.3% 0.0%
US Mortgage of Florida $195,000 n/a 0.0%
Corporate America Family CU $40,000 $190,000 375.0% 0.0%
First Financial Bank National Association $185,000 n/a 0.0%
Network Capital Funding Corporation $135,000 $185,000 37.0% 0.0%
Credit Union 1 $970,000 $180,000 -81.4% 0.0%
Polish & Slavic Federal Credit Union $180,000 n/a 0.0%
1ST SOURCE BANK $175,000 n/a 0.0%
AAG $255,000 $175,000 -31.4% 0.0%
FCB BANKS $175,000 n/a 0.0%
Level One Bank $175,000 n/a 0.0%
Low VA Rates $990,000 $175,000 -82.3% 0.0%
The Northern Trust Company $175,000 n/a 0.0%
Wyndham Capital Mortgage $1,395,000 $175,000 -87.5% 0.0%
Vibrant Credit Union $180,000 $170,000 -5.6% 0.0%
Gold Coast Bank $175,000 $165,000 -5.7% 0.0%
Northern Mortgage Services, LLC $175,000 $165,000 -5.7% 0.0%
FortuneBank $155,000 n/a 0.0%
Liberty Home Mortgage Corp $155,000 n/a 0.0%
Midland Mortgage Corporation of SC $155,000 n/a 0.0%
North Shore Trust and Savings $155,000 n/a 0.0%
Total Mortgage Services LLC $175,000 $155,000 -11.4% 0.0%
Illinois National Bank $145,000 n/a 0.0%
Nations Lending Corporation $145,000 n/a 0.0%
Oaktree Funding Corporation $145,000 n/a 0.0%
Paramount Bank $145,000 n/a 0.0%
Member First Mortgage LLC $220,000 $140,000 -36.4% 0.0%
Angel Oak Mortgage Solutions $155,000 $135,000 -12.9% 0.0%
Blue Ridge Bank, NA $165,000 $135,000 -18.2% 0.0%
CIBC Bank USA $320,000 $135,000 -57.8% 0.0%
Lakeview Community Capital, LLC $145,000 $135,000 -6.9% 0.0%
Lend Smart Mortgage $135,000 n/a 0.0%
Rapid Mortgage Company $135,000 n/a 0.0%
SecurityNational Mortgage Company $135,000 n/a 0.0%
Settlers Bank $135,000 n/a 0.0%
The Union Bank Company $135,000 $135,000 0.0% 0.0%
Triad Financial Services Inc $135,000 n/a 0.0%
Ottawa Savings Bank $130,000 n/a 0.0%
Cincinnati Federal $125,000 n/a 0.0%
Fidelity Bank & Trust $125,000 n/a 0.0%
Mortgage Lenders of America LLC $165,000 $125,000 -24.2% 0.0%
Purdue Federal Credit Union $125,000 n/a 0.0%
Raymond James Bank National Association $145,000 $125,000 -13.8% 0.0%
TIAA, FSB $125,000 n/a 0.0%
TrustBank $125,000 n/a 0.0%
FIRST MERCHANTS BANK $115,000 n/a 0.0%
First State Bank Of St. Charles Missouri $115,000 n/a 0.0%
Hometown National Bank $115,000 n/a 0.0%
Illinois State Police Federal Credit Union $25,000 $115,000 360.0% 0.0%
LendingOne LLC $1,560,000 $115,000 -92.6% 0.0%
Midwest Bank $115,000 n/a 0.0%
Alliant Credit Union $870,000 $105,000 -87.9% 0.0%
Lake Michigan Credit Union $105,000 n/a 0.0%
NuMark Credit Union $75,000 $100,000 33.3% 0.0%
FIRST NATIONAL BANK OF OTTAWA $205,000 $95,000 -53.7% 0.0%
Heartland Bank and Trust Co $95,000 n/a 0.0%
Keller Mortgage LLC $95,000 n/a 0.0%
Woodford State Bank $95,000 n/a 0.0%
360 Federal Credit Union $85,000 n/a 0.0%
American Financial Resources Inc. $85,000 n/a 0.0%
V.I.P. Mortgage Inc. $85,000 n/a 0.0%
Bay Equity LLC $300,000 $75,000 -75.0% 0.0%
Iowa Bankers Mortgage Corporation $75,000 n/a 0.0%
United Mortgage Corp $155,000 $75,000 -51.6% 0.0%
Citibank, N.A. $865,000 $65,000 -92.5% 0.0%
Citizens Equity First Credit Union (CEFCU) $35,000 $65,000 85.7% 0.0%
HSBC BANK USA, NA $65,000 n/a 0.0%
Transportation Federal Credit Union $25,000 $65,000 160.0% 0.0%
Credit Human Federal Credit Union $80,000 $55,000 -31.3% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC $50,000 n/a 0.0%
Healthcare Associates Credit Union $105,000 $45,000 -57.1% 0.0%
MARQUETTE BANK $45,000 n/a 0.0%
MidFirst Bank $35,000 n/a 0.0%
Connexus Credit Union $15,000 $25,000 66.7% 0.0%
Home Loan Investment Bank $15,000 $25,000 66.7% 0.0%
INOVA Federal Credit Union $15,000 n/a 0.0%
State Farm Bank $575,000 $15,000 -97.4% 0.0%

ROCKFORD's top lender by overall market share is Blackhawk Bank, with 12.2% market share. In second place, with 8.9%, is MIDWEST COMMUNITY BANK, having originated $147,070,000 in loans. In third place, with 6.2%, is Envoy Mortgage Ltd., having originated $103,020,000 in loans. In third place, with 4.9%, is Quicken Loans, having originated $80,380,000 in loans. In third place, with 4.8%, is Stillman BancCorp, N.A., having originated $78,925,000 in loans.


ROCKFORD, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 4,990 $679,900,000 $136,253
Refi 4,686 $735,800,000 $157,021
Cash Out Refi 1,341 $206,685,000 $154,128
Other 240 $18,030,000 $75,125
Home Improvement 216 $12,930,000 $59,861

Rockford's most frequently cited loan purpose was Home Purchase, with 4,990 originations. The 2nd most popular reason was Refi, with 4,686 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 4,795 $709,475,000 $147,961
2.5-3% 3,504 $538,020,000 $153,545
<2.5% 1,156 $159,470,000 $137,950
4-5% 764 $92,290,000 $120,798
5-6% 181 $14,235,000 $78,646
6-7% 83 $3,375,000 $40,663
Over 8% 40 $1,650,000 $41,250
7-8% 36 $1,330,000 $36,944

During 2020, Rockford's most frequently originated rate bucket was 3-4%, with 4,795 originations.

Loan Sizing (ROCKFORD, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 5,765 $820,115,000 $142,258
$100,000 or less 3,825 $238,275,000 $62,294
$200k-400k 1,717 $437,885,000 $255,029
$400k-600k 124 $57,670,000 $465,081
$Over $1MM 28 $87,920,000 $3,140,000
$600k-1000k 14 $11,480,000 $820,000

ROCKFORD's loan sizing saw the bucket of loans from $100k-200k with 5,765 originations, totaling $820,115,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 4,823 $735,115,000 $152,419
60-80% 3,625 $578,025,000 $159,455
40-60% 905 $109,245,000 $120,713
Under 20% 601 $8,695,000 $14,468
20-40% 406 $28,290,000 $69,680
Over 100% 73 $18,425,000 $252,397

ROCKFORD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,823 originations, totaling $735,115,000 in origination value.