ROCKFORD Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rockford averaged
7.08%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.21% and
one month ago for the week of 2025-05-15, the
average rate was 6.78%.
Rockford's average rate one year ago was 7.02%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.32%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Rockford 30 Year Fixed Rate | 2025-06-18 | 7.08% |
| Rockford 30 Year Fixed Rate Refi | 2025-06-18 | 7.32% |
| Rockford 15 Year Fixed Rate | 2025-06-18 | 6.04% |
| Rockford 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Rockford 30 Year FHA | 2025-06-18 | 0.42% |
| Rockford 30 Year FHA Refi | 2025-06-18 | 0% |
| Rockford 30 Year USDA | 2025-06-18 | -0.2% |
| Rockford 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Rockford 30 Year VA | 2025-06-18 | 0.1% |
| Rockford 30 Year VA Refi | 2025-06-18 | -0.61% |
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 162 lenders originated 6,469
loans during 2024. The total origination value was $1,003,055,000, with an average loan value of
$155,056.
ROCKFORD's average closing costs are $4,185.
The top ROCKFORD lender as defined by loan originations is GREENSTATE CREDIT UNION, with
404 loans originated. Their average total fees are
$3,220, which is $133
lower than the next largest lender,
First Mid Bank & Trust.
The lowest fee ROCKFORD lenders (with over 10 loans originated) are
First Community Credit Union ($2,200), Stillman Bank ($2,654), Rock Valley Credit Union ($2,827), Johnson Bank ($2,911) and ILLINOIS STATE CREDIT UNION ($3,026).
The lowest rate ROCKFORD lenders (with over 10 loans originated) are
First Community Credit Union (6.52%), ILLINOIS STATE CREDIT UNION (6.54%), First Federal Bank (6.59%), JPMorgan Chase Bank (6.61%) and Stillman Bank (6.61%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| GREENSTATE CREDIT UNION | $95,825,000 | $115,650,000 | 20.7% | 11.5% |
| First Mid Bank & Trust | $5,310,000 | $74,515,000 | 1,303.3% | 7.4% |
| QUICKEN LOANS, LLC | $40,950,000 | $59,335,000 | 44.9% | 5.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $22,665,000 | $38,030,000 | 67.8% | 3.8% |
| NORTHWEST BANK OF ROCKFORD | $22,935,000 | $32,155,000 | 40.2% | 3.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $14,670,000 | $28,660,000 | 95.4% | 2.9% |
| Byron Bank | $21,920,000 | $25,120,000 | 14.6% | 2.5% |
| ENVOY MORTGAGE, LTD | $34,705,000 | $25,050,000 | -27.8% | 2.5% |
| FIRST NORTHERN Credit Union | $20,990,000 | $23,545,000 | 12.2% | 2.3% |
| Stillman Bank | $14,355,000 | $22,835,000 | 59.1% | 2.3% |
| Mortgage Research Center, LLC | $19,445,000 | $21,580,000 | 11.0% | 2.2% |
| U.S. Bank | $13,225,000 | $20,560,000 | 55.5% | 2.0% |
| JPMorgan Chase Bank | $14,280,000 | $19,520,000 | 36.7% | 1.9% |
| GUILD MORTGAGE COMPANY | $3,610,000 | $18,745,000 | 419.3% | 1.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $11,690,000 | $18,310,000 | 56.6% | 1.8% |
| Midland States Bank | $16,870,000 | $16,715,000 | -0.9% | 1.7% |
| BMO Harris Bank | $9,900,000 | $16,115,000 | 62.8% | 1.6% |
| Barrington Bank & Trust Company, N.A. | $11,720,000 | $15,000,000 | 28.0% | 1.5% |
| Associated Bank | $9,230,000 | $13,265,000 | 43.7% | 1.3% |
| GUARANTEED RATE, INC. | $8,995,000 | $10,105,000 | 12.3% | 1.0% |
| LOANDEPOT.COM, LLC | $7,935,000 | $10,095,000 | 27.2% | 1.0% |
| Merchants Bank of Indiana | $9,705,000 | n/a | 1.0% | |
| PNC Bank | $6,990,000 | $9,685,000 | 38.6% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,760,000 | $9,480,000 | 22.2% | 0.9% |
| The First National Bank and Trust Company | $10,890,000 | $9,445,000 | -13.3% | 0.9% |
| WALKER & DUNLOP, LLC | $3,625,000 | $9,385,000 | 158.9% | 0.9% |
| Rock Valley Credit Union | $6,795,000 | $9,200,000 | 35.4% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $3,840,000 | $7,560,000 | 96.9% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $4,240,000 | $7,455,000 | 75.8% | 0.7% |
| Central Bank Illinois | $985,000 | $7,370,000 | 648.2% | 0.7% |
| First Community Credit Union | $4,005,000 | $7,055,000 | 76.2% | 0.7% |
| Holcomb Bank | $3,740,000 | $6,615,000 | 76.9% | 0.7% |
| Arbor Realty Trust, Inc. | $6,505,000 | n/a | 0.6% | |
| NAVY FEDERAL CREDIT UNION | $3,270,000 | $6,475,000 | 98.0% | 0.6% |
| BROKER SOLUTIONS, INC. | $2,615,000 | $5,870,000 | 124.5% | 0.6% |
| The Huntington National Bank | $4,585,000 | $5,550,000 | 21.0% | 0.6% |
| First National Bank of Omaha | $2,755,000 | $5,395,000 | 95.8% | 0.5% |
| NEWREZ LLC | $4,010,000 | $4,915,000 | 22.6% | 0.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,430,000 | $4,860,000 | 9.7% | 0.5% |
| PLAZA HOME MORTGAGE, INC. | $4,160,000 | $4,700,000 | 13.0% | 0.5% |
| ADVIA | $10,155,000 | $4,540,000 | -55.3% | 0.5% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $240,000 | $4,270,000 | 1,679.2% | 0.4% |
| Johnson Bank | $1,630,000 | $3,655,000 | 124.2% | 0.4% |
| Old Plank Trail Community Bank | $12,335,000 | $3,590,000 | -70.9% | 0.4% |
| Wells Fargo Bank | $5,170,000 | $3,565,000 | -31.0% | 0.4% |
| Old National Bank | $935,000 | $3,550,000 | 279.7% | 0.4% |
| Union Savings Bank | $4,425,000 | $3,480,000 | -21.4% | 0.3% |
| The Federal Savings Bank | $3,405,000 | $3,375,000 | -0.9% | 0.3% |
| Sauk Valley Bank & Trust Company | $2,200,000 | $3,270,000 | 48.6% | 0.3% |
| COMPEER FINANCIAL, FLCA | $1,170,000 | $2,840,000 | 142.7% | 0.3% |
| Fifth Third Bank | $5,505,000 | $2,830,000 | -48.6% | 0.3% |
| Summit Credit Union | $1,785,000 | $2,760,000 | 54.6% | 0.3% |
| USAA Federal Savings Bank | $1,870,000 | $2,755,000 | 47.3% | 0.3% |
| Carrington Mortgage Services, LLC | $1,830,000 | $2,615,000 | 42.9% | 0.3% |
| CMG MORTGAGE, INC. | $745,000 | $2,590,000 | 247.7% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $4,680,000 | $2,560,000 | -45.3% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,275,000 | $2,555,000 | -22.0% | 0.3% |
| Bank of Pontiac | $4,415,000 | $2,475,000 | -43.9% | 0.2% |
| Connexus Credit Union | $2,685,000 | $2,430,000 | -9.5% | 0.2% |
| GMFS LLC | $2,410,000 | n/a | 0.2% | |
| COREVEST AMERICAN FINANCE LENDER LLC | $2,405,000 | n/a | 0.2% | |
| First Federal Bank | $1,985,000 | $2,385,000 | 20.2% | 0.2% |
| COMPASS MORTGAGE, INC. | $2,520,000 | $2,345,000 | -6.9% | 0.2% |
| Figure Lending LLC | $720,000 | $2,325,000 | 222.9% | 0.2% |
| Discover Bank | $1,800,000 | $2,285,000 | 26.9% | 0.2% |
| CONSUMERS COOPERATIVE CREDIT UNION | $3,890,000 | $2,210,000 | -43.2% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $175,000 | $2,165,000 | 1,137.1% | 0.2% |
| Flagstar Bank, FSB | $2,215,000 | $2,135,000 | -3.6% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $1,175,000 | $2,125,000 | 80.9% | 0.2% |
| NEW DAY FINANCIAL, LLC | $605,000 | $2,115,000 | 249.6% | 0.2% |
| University of Wisconsin Credit Union | $1,115,000 | $2,090,000 | 87.4% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $450,000 | $2,075,000 | 361.1% | 0.2% |
| ZILLOW HOME LOANS, LLC | $1,095,000 | $2,055,000 | 87.7% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $420,000 | $2,025,000 | 382.1% | 0.2% |
| German American State Bank | $395,000 | $2,020,000 | 411.4% | 0.2% |
| Key Mortgage Services, Inc. | $2,565,000 | $1,965,000 | -23.4% | 0.2% |
| St Charles Bank & Trust | $935,000 | $1,945,000 | 108.0% | 0.2% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,635,000 | $1,935,000 | 18.3% | 0.2% |
| Ixonia Bank | $405,000 | $1,885,000 | 365.4% | 0.2% |
| UNION HOME MORTGAGE CORP. | $1,700,000 | $1,860,000 | 9.4% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,705,000 | $1,825,000 | 7.0% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,845,000 | $1,800,000 | -36.7% | 0.2% |
| ILLINOIS STATE CREDIT UNION | $2,130,000 | $1,780,000 | -16.4% | 0.2% |
| Bank of America | $2,635,000 | $1,655,000 | -37.2% | 0.2% |
| Home State Bank | $1,775,000 | $1,565,000 | -11.8% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $765,000 | $1,540,000 | 101.3% | 0.2% |
| MORTGAGE CENTER L.C | $1,995,000 | $1,495,000 | -25.1% | 0.1% |
| Waterstone Mortgage Corporation | $75,000 | $1,465,000 | 1,853.3% | 0.1% |
| RF Renovo Management Company, LLC | $650,000 | $1,415,000 | 117.7% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $1,365,000 | $1,410,000 | 3.3% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,000,000 | $1,405,000 | 40.5% | 0.1% |
| EDUCATORS CREDIT UNION | $3,170,000 | $1,340,000 | -57.7% | 0.1% |
| A&D Mortgage LLC | $125,000 | $1,300,000 | 940.0% | 0.1% |
| The Bank of New Glarus | $790,000 | $1,295,000 | 63.9% | 0.1% |
| Equity Prime Mortgage LLC | $370,000 | $1,230,000 | 232.4% | 0.1% |
| OCMBC, INC. | $175,000 | $1,230,000 | 602.9% | 0.1% |
| Citizens Bank | $195,000 | $1,215,000 | 523.1% | 0.1% |
| LENDINGONE, LLC | $210,000 | $1,185,000 | 464.3% | 0.1% |
| CIBM Bank | $1,930,000 | $1,175,000 | -39.1% | 0.1% |
| UIF CORPORATION | $1,405,000 | $1,140,000 | -18.9% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $1,610,000 | $1,120,000 | -30.4% | 0.1% |
| MLD MORTGAGE INC. | $1,090,000 | n/a | 0.1% | |
| Resource Bank, N.A. | $4,625,000 | $1,065,000 | -77.0% | 0.1% |
| Coastal Community Bank | $1,090,000 | $1,045,000 | -4.1% | 0.1% |
| GENEVA FINANCIAL, LLC | $2,240,000 | $1,030,000 | -54.0% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $460,000 | $1,030,000 | 123.9% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $640,000 | $1,025,000 | 60.2% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $1,015,000 | $970,000 | -4.4% | 0.1% |
| TOWNE MORTGAGE COMPANY | $280,000 | $970,000 | 246.4% | 0.1% |
| Citibank | $210,000 | $950,000 | 352.4% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,395,000 | $935,000 | -33.0% | 0.1% |
| Cornerstone Credit Union | $870,000 | $910,000 | 4.6% | 0.1% |
| The Loan Store, Inc. | $85,000 | $905,000 | 964.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $775,000 | $900,000 | 16.1% | 0.1% |
| CBI Bank & Trust | $195,000 | $895,000 | 359.0% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $390,000 | $880,000 | 125.6% | 0.1% |
| First National Bank of America | $700,000 | $855,000 | 22.1% | 0.1% |
| PremierBank | $25,000 | $855,000 | 3,320.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $845,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $840,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $835,000 | n/a | 0.1% | |
| The Harvard State Bank | $555,000 | $825,000 | 48.6% | 0.1% |
| Old Second National Bank | $665,000 | $815,000 | 22.6% | 0.1% |
| DUPACO COMMUNITY | $545,000 | $800,000 | 46.8% | 0.1% |
| PLANET HOME LENDING, LLC | $2,605,000 | $795,000 | -69.5% | 0.1% |
| First American Bank | $1,110,000 | $785,000 | -29.3% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $785,000 | $780,000 | -0.6% | 0.1% |
| CARDINAL FINANCIAL | $1,770,000 | $770,000 | -56.5% | 0.1% |
| PHH Mortgage Corporation | $235,000 | $765,000 | 225.5% | 0.1% |
| Oregon Community Bank | $760,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $90,000 | $755,000 | 738.9% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $710,000 | $750,000 | 5.6% | 0.1% |
| Citadel Servicing Corporation | $440,000 | $740,000 | 68.2% | 0.1% |
| THE MORTGAGE LINK, INC. | $205,000 | $735,000 | 258.5% | 0.1% |
| Truist | $125,000 | $725,000 | 480.0% | 0.1% |
| NFM, INC. | $715,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $290,000 | $695,000 | 139.7% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $425,000 | $690,000 | 62.4% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $475,000 | $680,000 | 43.2% | 0.1% |
| BETTER MORTGAGE CORPORATION | $550,000 | $655,000 | 19.1% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $360,000 | $650,000 | 80.6% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $995,000 | $630,000 | -36.7% | 0.1% |
| Heartland Bank and Trust Company | $620,000 | n/a | 0.1% | |
| Pacor Mortgage Corp | $240,000 | $620,000 | 158.3% | 0.1% |
| Cornerstone First Mortgage, Inc | $590,000 | n/a | 0.1% | |
| Bell Bank | $400,000 | $585,000 | 46.3% | 0.1% |
| T2 FINANCIAL LLC | $555,000 | n/a | 0.1% | |
| Blackhawk Community Credit Union | $780,000 | $540,000 | -30.8% | 0.1% |
| Lakeview Community Capital, LLC | $175,000 | $510,000 | 191.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $165,000 | $510,000 | 209.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $495,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $485,000 | n/a | 0.0% | |
| Ameris Bank | $480,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $615,000 | $460,000 | -25.2% | 0.0% |
| Waukesha State Bank | $460,000 | n/a | 0.0% | |
| Northpointe Bank | $450,000 | $455,000 | 1.1% | 0.0% |
| POINT Mortgage | $155,000 | $450,000 | 190.3% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $445,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $400,000 | $440,000 | 10.0% | 0.0% |
| ALLIANT CREDIT UNION | $840,000 | $430,000 | -48.8% | 0.0% |
| LIMA ONE CAPITAL, LLC | $280,000 | $430,000 | 53.6% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $1,085,000 | $430,000 | -60.4% | 0.0% |
| MORTGAGEONE, INC. | $425,000 | n/a | 0.0% | |
| Oak Bank | $425,000 | n/a | 0.0% | |
| Self-Help Federal Credit Union | $570,000 | $425,000 | -25.4% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $420,000 | n/a | 0.0% | |
| North Shore Trust and Savings | $55,000 | $420,000 | 663.6% | 0.0% |
| ALAMEDA MORTGAGE CORPORATION | $415,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $410,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $260,000 | $410,000 | 57.7% | 0.0% |
| HOMESTEAD FUNDING CORP. | $405,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $405,000 | n/a | 0.0% | |
| SPIRE Credit Union | $400,000 | n/a | 0.0% | |
| Northwest Bank | $395,000 | n/a | 0.0% | |
| FIRST MORTGAGE COMPANY, INC. | $155,000 | $390,000 | 151.6% | 0.0% |
| SUMMIT FUNDING, INC. | $385,000 | n/a | 0.0% | |
| UNIVERSITY OF ILLINOIS COMMUNITY | $385,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $375,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $110,000 | $365,000 | 231.8% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $345,000 | n/a | 0.0% | |
| Ottawa Savings Bank | $345,000 | n/a | 0.0% | |
| Ally Bank | $350,000 | $340,000 | -2.9% | 0.0% |
| BAY EQUITY LLC | $850,000 | $340,000 | -60.0% | 0.0% |
| BM Real Estate Services, Inc. | $335,000 | n/a | 0.0% | |
| Byline Bank | $865,000 | $335,000 | -61.3% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $335,000 | n/a | 0.0% | |
| S1L, Inc. | $335,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $570,000 | $330,000 | -42.1% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $275,000 | $325,000 | 18.2% | 0.0% |
| Magnolia Bank | $315,000 | $325,000 | 3.2% | 0.0% |
| 21ST MORTGAGE CORPORATION | $305,000 | $320,000 | 4.9% | 0.0% |
| Credit Union 1 | $155,000 | $320,000 | 106.5% | 0.0% |
| Nations Lending Corporation | $3,210,000 | $320,000 | -90.0% | 0.0% |
| NP, Inc. | $315,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $310,000 | n/a | 0.0% | |
| Northwestern Bank | $305,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $485,000 | $305,000 | -37.1% | 0.0% |
| AmRes Corporation | $605,000 | $300,000 | -50.4% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $295,000 | n/a | 0.0% | |
| First State Bank | $105,000 | $290,000 | 176.2% | 0.0% |
| Burke & Herbert Bank & Trust Company | $275,000 | n/a | 0.0% | |
| Community Mortgage Banc Corporation | $275,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $270,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $265,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $6,560,000 | $260,000 | -96.0% | 0.0% |
| Busey Bank | $255,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $255,000 | n/a | 0.0% | |
| Hinsdale Bank & Trust Company | $255,000 | n/a | 0.0% | |
| POLISH & SLAVIC FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| Truity Federal Credit Union | $255,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $245,000 | n/a | 0.0% | |
| DIRECT MORTGAGE, CORP. | $245,000 | n/a | 0.0% | |
| NBKC BANK | $335,000 | $235,000 | -29.9% | 0.0% |
| The Union Bank Company | $235,000 | n/a | 0.0% | |
| Cathay Bank | $225,000 | n/a | 0.0% | |
| American Bank and Trust Company | $545,000 | $215,000 | -60.6% | 0.0% |
| EMM LOANS LLC | $420,000 | $215,000 | -48.8% | 0.0% |
| NexBank | $215,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $215,000 | n/a | 0.0% | |
| SOUTHWEST FUNDING, LP | $215,000 | n/a | 0.0% | |
| Starion Bank | $215,000 | n/a | 0.0% | |
| THOMPSON KANE & COMPANY, LLC | $415,000 | $215,000 | -48.2% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $555,000 | $210,000 | -62.2% | 0.0% |
| City National Bank | $205,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $205,000 | n/a | 0.0% | |
| Flanagan State Bank | $205,000 | n/a | 0.0% | |
| JMAC LENDING, INC. | $205,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $205,000 | n/a | 0.0% | |
| Baxter Credit Union | $715,000 | $200,000 | -72.0% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $195,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $105,000 | $195,000 | 85.7% | 0.0% |
| Peoples Bank | $195,000 | n/a | 0.0% | |
| Axos Bank | $185,000 | n/a | 0.0% | |
| Bank of England | $185,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $185,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $175,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $175,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $160,000 | $175,000 | 9.4% | 0.0% |
| LAKE MICHIGAN CREDIT UNION | $325,000 | $175,000 | -46.2% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $470,000 | $175,000 | -62.8% | 0.0% |
| CIBC Bank USA | $165,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| Landmark National Bank | $165,000 | n/a | 0.0% | |
| Leader Bank | $165,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $160,000 | n/a | 0.0% | |
| Badger Bank | $155,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $155,000 | n/a | 0.0% | |
| Wisconsin River Bank | $295,000 | $155,000 | -47.5% | 0.0% |
| Hometown Equity Mortgage, LLC | $145,000 | n/a | 0.0% | |
| Illinois Community Credit Unio | $100,000 | $145,000 | 45.0% | 0.0% |
| MARINE | $410,000 | $140,000 | -65.9% | 0.0% |
| Blue Ridge Bank | $135,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $135,000 | n/a | 0.0% | |
| Providence Bank & Trust | $285,000 | $135,000 | -52.6% | 0.0% |
| SELFRELIANCE | $155,000 | $135,000 | -12.9% | 0.0% |
| Brighton Bank | $125,000 | n/a | 0.0% | |
| Parda Federal Credit Union | $660,000 | $125,000 | -81.1% | 0.0% |
| Servion, Inc. | $275,000 | $125,000 | -54.5% | 0.0% |
| Bankers' Bank | $115,000 | n/a | 0.0% | |
| Bank Five Nine | $235,000 | $115,000 | -51.1% | 0.0% |
| North Shore Bank FSB | $25,000 | $105,000 | 320.0% | 0.0% |
| GERSHMAN INVESTMENT CORP. | $95,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | n/a | 0.0% | |
| Farmers State Bank of Alto Pass | $85,000 | n/a | 0.0% | |
| UNITED HOME LOANS, INC. | $170,000 | $85,000 | -50.0% | 0.0% |
| 360 Federal Credit Union | $55,000 | $75,000 | 36.4% | 0.0% |
| WESCOM CENTRAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $95,000 | $70,000 | -26.3% | 0.0% |
| Farmers National Bank | $65,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $65,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $55,000 | n/a | 0.0% | |
| DuPage Credit Union | $55,000 | n/a | 0.0% | |
| Think Mutual Bank | $55,000 | n/a | 0.0% | |
| Centier Bank | $190,000 | $45,000 | -76.3% | 0.0% |
| First Eagle Federal Credi Union | $45,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $125,000 | $35,000 | -72.0% | 0.0% |
| ALL IN | $25,000 | n/a | 0.0% | |
| GREAT LAKES | $375,000 | $25,000 | -93.3% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | $25,000 | 0.0% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | $25,000 | -70.6% | 0.0% |
| Bank of Deerfield | $15,000 | n/a | 0.0% |
ROCKFORD's top lender by overall market share is GREENSTATE CREDIT UNION, with 11.5% market share. In second place, with 7.4%, is First Mid Bank & Trust, having originated $74,515,000 in loans. In third place, with 5.9%, is QUICKEN LOANS, LLC, having originated $59,335,000 in loans. In fourth place, with 3.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $38,030,000 in loans. In fifth place, with 3.2%, is NORTHWEST BANK OF ROCKFORD, having originated $32,155,000 in loans.
ROCKFORD, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,633 | $662,825,000 | $182,446 |
| Cash Out Refi | 915 | $133,495,000 | $145,896 |
| Other | 810 | $51,050,000 | $63,025 |
| Refi | 663 | $118,935,000 | $179,389 |
| Home Improvement | 448 | $36,750,000 | $82,031 |
Rockford's most frequently cited loan purpose was Home Purchase, with 3,633 originations. The 2nd most popular reason was Cash Out Refi, with 915 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,507 | $458,595,000 | $182,926 |
| 7-8% | 1,539 | $249,865,000 | $162,355 |
| Over 8% | 1,230 | $95,430,000 | $77,585 |
| 5-6% | 655 | $125,655,000 | $191,840 |
| <2.5% | 99 | $1,505,000 | $15,202 |
| 4-5% | 57 | $8,195,000 | $143,772 |
| 2.5-3% | 21 | $2,015,000 | $95,952 |
| 3-4% | 2 | $80,000 | $40,000 |
During 2024, Rockford's most frequently originated rate bucket was 6-7%, with 2,507 originations.
Loan Sizing (ROCKFORD, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,435 | $357,935,000 | $146,996 |
| $100,000 or less | 2,416 | $128,170,000 | $53,050 |
| $200k-400k | 1,440 | $377,500,000 | $262,153 |
| $400k-600k | 127 | $59,415,000 | $467,835 |
| $600k-1000k | 30 | $21,460,000 | $715,333 |
| $Over $1MM | 21 | $58,575,000 | $2,789,286 |
ROCKFORD's loan sizing saw the bucket of loans from $100k-200k with 2,435 originations, totaling $357,935,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,474 | $490,520,000 | $198,270 |
| 60-80% | 1,382 | $258,950,000 | $187,373 |
| Under 20% | 785 | $23,755,000 | $30,261 |
| 20-40% | 765 | $55,955,000 | $73,144 |
| 40-60% | 483 | $61,285,000 | $126,884 |
| Over 100% | 36 | $21,410,000 | $594,722 |
ROCKFORD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,474 originations, totaling $490,520,000 in origination value.