ROCKFORD Mortgage Rates
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% |
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.).
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.