SPRINGFIELD Mortgage Rates

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

30 Year Fixed Rate mortgages in Springfield averaged 5.56% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.67% and one month ago for the week of 2022-05-26, the average rate was 5.06%.

Springfield's average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.43%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Springfield 30 Year Fixed Rate 2022-06-30 5.56%
Springfield 30 Year Fixed Rate Refi 2022-06-30 5.43%
Springfield 15 Year Fixed Rate 2022-06-30 4.65%
Springfield 15 Year Fixed Rate Refi 2022-06-30 4.88%
Springfield 30 Year FHA 2022-06-30 5.75%
Springfield 30 Year FHA Refi 2022-06-30 5.77%
Springfield 30 Year USDA 2022-06-30 5.29%
Springfield 30 Year USDA Refi 2022-06-30 5.37%
Springfield 30 Year VA 2022-06-30 5.62%
Springfield 30 Year VA Refi 2022-06-30 5.24%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SPRINGFIELD, IL.

SPRINGFIELD 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 SPRINGFIELD, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
INB 348 3.10% $1,811
United Community Bank 344 3.01% $1,567
Bank of Springfield 320 2.89% $2,210
Marine Bank 283 2.80% $1,743
Town & Country Banc Mortgage Services, Inc. 193 3.15% $1,735
HEARTLAND 187 2.77% $1,760
FLAT BRANCH MORTGAGE, INC. 114 3.23% $2,814
Alliance Community Bank 108 2.95% $1,931
QUICKEN LOANS, LLC 84 3.21% $4,182
CITIZENS EQUITY FIRST 71 3.45% $1,434
Prairie State Bank and Trust 68 2.86% $1,696
Carrollton Bank 65 2.95% $1,776
U.S. Bank 59 3.07% $2,216
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 44 3.08% $2,640
PNC Bank 43 3.17% $2,772
JPMorgan Chase Bank 38 3.13% $1,634
Petefish, Skiles & Co. 38 2.90% $2,653
Wells Fargo Bank 24 3.11% $2,425
Regions Bank 20 3.37% $2,375
LEADERONE FINANCIAL CORPORATION 17 3.31% $2,713
LOANDEPOT.COM, LLC 15 3.03% $3,566
GUARANTEED RATE, INC. 13 3.30% $3,511
Hickory Point Bank and Trust 12 3.06% $2,204
The Huntington National Bank 11 2.89% $1,983
Credit Union 1 10 3.11% $3,193
AMERISAVE MORTGAGE CORPORATION 9 2.82% $4,287
CNB Bank And Trust, N.A. 9 2.72% $2,340
MEMBER FIRST MORTGAGE, LLC 9 3.33% $2,704
CALIBER HOME LOANS, INC. 8 3.10% $3,011
BROKER SOLUTIONS, INC. 7 3.26% $3,246
UNITED WHOLESALE MORTGAGE, LLC 6 3.29% $3,361
HOME POINT FINANCIAL CORPORATION 6 3.33% $2,836
Bank of America 5 2.60% $2,385
Mr. Cooper ( Nationstar Mortgage ) 5 3.55% $4,862
Fifth Third Bank 5 3.53% $2,354
FREEDOM MORTGAGE CORPORATION 5 3.38% $2,384
CROSSCOUNTRY MORTGAGE, LLC 5 3.20% $4,248
FIRST STATE MORTGAGE SERVICES, LLC 5 3.03% $2,724
Flagstar Bank, FSB 4 3.13% $4,192
GUILD MORTGAGE COMPANY 4 3.12% $2,615
NEWREZ LLC 4 3.22% $3,901
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.09% $3,058
First Bankers Trust Company 4 3.00% $1,710
1ST MIDAMERICA 4 3.19% $2,042
ROYAL UNITED MORTGAGE LLC 3 3.33% $5,148
GUIDANCE RESIDENTIAL, LLC 3 3.08% $2,395
CELEBRITY HOME LOANS, LLC 3 3.25% $3,601
Carrington Mortgage Services, LLC 3 3.17% $5,064
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.66% $4,241
The First National Bank of Ottawa 2 3.19% $2,157
Plains Commerce Bank 2 3.13% $2,637
FCB Banks 2 2.63% $1,974
Paramount Bank 2 2.94% $1,280
Chicago Mortgage Solutions LLC 2 3.12% $938
Fortress Bank 2 3.00% $1,826
NAVY FEDERAL CREDIT UNION 2 3.69% $3,787
EMBRACE HOME LOANS, INC. 2 2.99% $3,284
AMERICAN FINANCING CORPORATION 2 3.19% $3,271
Midland States Bank 2 3.06% $2,954
Wyndham Capital Mortgage, Inc. 2 3.31% $2,373
DRAPER AND KRAMER MORTGAGE CORP. 2 2.75% $2,087
BETTER MORTGAGE CORPORATION 2 3.31% $1,462
Key Mortgage Services, Inc. 2 3.31% $3,219
Discover Bank 2 3.99% $0
CMG MORTGAGE, INC. 2 3.63% $3,986
FIRST CENTENNIAL MORTGAGE CORPORATION 2 2.69% $2,819
BMO Harris Bank 2 3.25% $5,047
First Guaranty Mortgage Corporation 2 3.13% $2,222
First Mid Bank & Trust 2 3.25% $2,030
HOMESIDE FINANCIAL, LLC 2 3.15% $3,568
Stifel Bank and Trust 2 3.13% $2,041
SOFI LENDING CORP. 1 2.88% $2,373
ALLIANT CREDIT UNION 1 2.38% $2,596
ALLTRU Federal Credit Union 1 2.88% $2,161
AMERICAN HOME LENDING USA, LLC 1 3.63% $5,753
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.99% $2,449
AmeriHome Mortgage Company, LLC 1 3.75% $2,633
Ameris Bank 1 3.25% $2,925
Associated Bank 1 3.25% $4,825
Barrington Bank & Trust Company, N.A. 1 2.75% $2,272
Baxter Credit Union 1 2.75% $1,850
Bell Bank 1 2.88% $2,284
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.00% $1,868
Citibank 1 2.50% $4,064
COCA-COLA 1 3.00% $2,817
Colonial Savings, F.A. 1 2.88% $2,320
COMPASS MORTGAGE, INC. 1 3.50% $3,881
CONSUMERS COOPERATIVE CREDIT UNION 1 2.88% $1,452
DAS Acquisition Company, LLC 1 3.13% $2,394
Devon Bank 1 3.13% $13,824
DUPACO COMMUNITY 1 2.88% $6,225
EASTMAN 1 3.88% $2,564
ENVOY MORTGAGE, LTD 1 3.50% $2,339
Equity Bank 1 3.75% $4,445
Equity Prime Mortgage LLC 1 3.50% $0
EVANSVILLE TEACHERS 1 2.88% $2,099
Farm Credit Mid-America, ACA 1 3.25% $4,263
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $2,740
First Bank 1 3.25% $2,394
First Midwest Bank 1 2.88% $2,870
First National Bank of Omaha 1 3.00% $1,960
GENEVA FINANCIAL, LLC 1 3.25% $4,321
GENISYS 1 3.13% $2,811
GERSHMAN INVESTMENT CORP. 1 3.25% $1,907
GREENSTATE CREDIT UNION 1 2.88% $2,549
GSF Mortgage Corporation 1 2.99% $2,644
GUARANTEED RATE AFFINITY, LLC 1 2.50% $1,304
Heartland Bank and Trust Company 1 3.00% $484
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 2.75% $2,112
JERSEY STATE BANK 1 2.88% $2,951
Manufacturers and Traders Trust Company 1 2.88% $3,970
Mortgage Research Center, LLC 1 2.75% $1,502
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.13% $1,047
Nations Lending Corporation 1 3.50% $7,360
NBKC BANK 1 3.25% $1,423
Neighborhood Loans, Inc. 1 3.25% $2,545
North American Savings Bank, F.S.B. 1 3.25% $2,437
NUMARK CREDIT UNION 1 3.38% $2,441
Paramount Residential Mortgage Group, Inc. 1 4.13% $4,532
PENNYMAC LOAN SERVICES, LLC 1 3.63% $4,890
Peoples National Bank , N.A. 1 2.75% $2,698
PLAZA HOME MORTGAGE, INC. 1 2.75% $2,645
Providence Bank & Trust 1 3.63% $1,925
RUHL MORTGAGE, LLC 1 3.25% $2,161
SeaTrust Mortgage Company 1 3.38% $2,755
Servion, Inc. 1 3.25% $3,496
Shamrock Home Loans, Inc. 1 2.88% $3,342
Signature Federal Credit Union 1 2.50% $7,459
SOVEREIGN LENDING GROUP INCORPORATED 1 4.38% $3,319
SUMMIT FUNDING, INC. 1 3.25% $2,864
THRIVENT Federal Credit Union 1 3.25% $2,221
TOGETHER CREDIT UNION 1 2.88% $2,441
Truist Bank 1 2.99% $2,601
UBS Bank USA 1 2.75% $3,669
U S WIDE FINANCIAL LLC 1 2.88% $2,888
Vibrant Credit Union 1 2.99% $1,872

SPRINGFIELD, IL's 136 lenders originated 8,318 loans during 2021. The total origination value was $1,330,180,000, with an average loan value of $159,916.

The top SPRINGFIELD lender as defined by loan originations is INB, with 348 loans originated. Their average total fees are $1,811, which is $245 higher than the next largest lender, United Community Bank.

The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST ($1,434), United Community Bank ($1,567), JPMorgan Chase Bank ($1,634), Prairie State Bank and Trust ($1,696) and Town & Country Banc Mortgage Services, Inc. ($1,735).

The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are HEARTLAND (2.77%), Marine Bank (2.80%), Prairie State Bank and Trust (2.86%), The Huntington National Bank (2.89%) and Bank of Springfield (2.89%).

SPRINGFIELD, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Bank of Springfield $264,525,000 $149,705,000 -43.4% 11.3%
INB $204,980,000 $131,330,000 -35.9% 9.9%
United Community Bank $252,130,000 $119,480,000 -52.6% 9.0%
Marine Bank $170,930,000 $112,310,000 -34.3% 8.4%
Town & Country Banc Mortgage Services, Inc. $121,570,000 $64,280,000 -47.1% 4.8%
HEARTLAND $76,100,000 $56,405,000 -25.9% 4.2%
QUICKEN LOANS, LLC $34,515,000 $47,410,000 37.4% 3.6%
Prairie State Bank and Trust $64,000,000 $42,400,000 -33.8% 3.2%
FLAT BRANCH MORTGAGE, INC. $36,215,000 $40,090,000 10.7% 3.0%
Alliance Community Bank $85,475,000 $33,870,000 -60.4% 2.5%
Carrollton Bank $32,230,000 $32,120,000 -0.3% 2.4%
Security Bank, s.b. $44,710,000 $29,740,000 -33.5% 2.2%
PNC Bank $21,695,000 $28,450,000 31.1% 2.1%
Wisconsin River Bank $26,625,000 n/a 2.0%
FREEDOM MORTGAGE CORPORATION $29,325,000 $23,710,000 -19.1% 1.8%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $13,740,000 $22,420,000 63.2% 1.7%
U.S. Bank $21,805,000 $21,790,000 -0.1% 1.6%
CITIZENS EQUITY FIRST $31,710,000 $20,125,000 -36.5% 1.5%
KeyBank $455,000 $17,260,000 3,693.4% 1.3%
Bank & Trust Company $32,520,000 $17,120,000 -47.4% 1.3%
Warren-Boynton State Bank $21,455,000 $15,100,000 -29.6% 1.1%
Hickory Point Bank and Trust $11,685,000 $12,705,000 8.7% 1.0%
Petefish, Skiles & Co. $28,210,000 $11,950,000 -57.6% 0.9%
Wells Fargo Bank $13,110,000 $11,770,000 -10.2% 0.9%
West Central Bank $16,445,000 $11,590,000 -29.5% 0.9%
GREENSTATE CREDIT UNION $11,090,000 n/a 0.8%
Mortgage Research Center, LLC $11,080,000 $10,585,000 -4.5% 0.8%
JPMorgan Chase Bank $5,995,000 $10,100,000 68.5% 0.8%
LEADERONE FINANCIAL CORPORATION $12,705,000 $9,525,000 -25.0% 0.7%
LOANDEPOT.COM, LLC $4,070,000 $8,745,000 114.9% 0.7%
PENNYMAC LOAN SERVICES, LLC $2,480,000 $7,655,000 208.7% 0.6%
Williamsville State Bank & Trust $6,935,000 n/a 0.5%
CALIBER HOME LOANS, INC. $7,085,000 $6,310,000 -10.9% 0.5%
Town and Country Bank $14,385,000 $6,085,000 -57.7% 0.5%
Regions Bank $6,635,000 $5,715,000 -13.9% 0.4%
AMERISAVE MORTGAGE CORPORATION $2,670,000 $4,945,000 85.2% 0.4%
GUARANTEED RATE, INC. $2,375,000 $4,670,000 96.6% 0.4%
CNB Bank And Trust, N.A. $9,895,000 $4,495,000 -54.6% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $6,040,000 $4,430,000 -26.7% 0.3%
NAVY FEDERAL CREDIT UNION $3,260,000 $4,235,000 29.9% 0.3%
USAA Federal Savings Bank $5,765,000 $3,965,000 -31.2% 0.3%
The Huntington National Bank $2,340,000 $3,590,000 53.4% 0.3%
Credit Union 1 $2,750,000 $3,355,000 22.0% 0.3%
Plains Commerce Bank $440,000 $3,335,000 658.0% 0.3%
HOME POINT FINANCIAL CORPORATION $540,000 $2,975,000 450.9% 0.2%
BROKER SOLUTIONS, INC. $2,140,000 $2,865,000 33.9% 0.2%
Flagstar Bank, FSB $650,000 $2,705,000 316.2% 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,910,000 $2,635,000 38.0% 0.2%
UNITED WHOLESALE MORTGAGE, LLC $1,905,000 $2,620,000 37.5% 0.2%
NEWREZ LLC $675,000 $2,425,000 259.3% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,570,000 $2,330,000 48.4% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,075,000 $2,265,000 9.2% 0.2%
Bank of America $820,000 $2,145,000 161.6% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $565,000 $2,135,000 277.9% 0.2%
First Bankers Trust Company $3,970,000 $2,130,000 -46.3% 0.2%
MEMBER FIRST MORTGAGE, LLC $2,340,000 $2,120,000 -9.4% 0.2%
NEW DAY FINANCIAL, LLC $2,410,000 $1,985,000 -17.6% 0.1%
Solarity Credit Union $1,925,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $2,020,000 $1,845,000 -8.7% 0.1%
NBKC BANK $1,055,000 $1,555,000 47.4% 0.1%
Carrington Mortgage Services, LLC $270,000 $1,550,000 474.1% 0.1%
WaterStone Bank, SSB $1,500,000 n/a 0.1%
FIRST STATE MORTGAGE SERVICES, LLC $5,475,000 $1,460,000 -73.3% 0.1%
Fifth Third Bank $405,000 $1,445,000 256.8% 0.1%
GUILD MORTGAGE COMPANY $1,020,000 $1,390,000 36.3% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $920,000 $1,355,000 47.3% 0.1%
The Federal Savings Bank $1,585,000 $1,295,000 -18.3% 0.1%
BMO Harris Bank $75,000 $1,290,000 1,620.0% 0.1%
CELEBRITY HOME LOANS, LLC $645,000 $1,270,000 96.9% 0.1%
GUIDANCE RESIDENTIAL, LLC $1,270,000 n/a 0.1%
DAS Acquisition Company, LLC $995,000 $1,105,000 11.1% 0.1%
Neighborhood Loans, Inc. $1,040,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,020,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $825,000 $985,000 19.4% 0.1%
First Guaranty Mortgage Corporation $445,000 $985,000 121.3% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $740,000 $980,000 32.4% 0.1%
CLEARPATH LENDING $2,385,000 $965,000 -59.5% 0.1%
UBS Bank USA $895,000 n/a 0.1%
PLANET HOME LENDING, LLC $820,000 $820,000 0.0% 0.1%
FIRST CHOICE MH LLC $1,070,000 $770,000 -28.0% 0.1%
Sierra Pacific Mortgage Company, Inc. $770,000 n/a 0.1%
Stifel Bank and Trust $1,075,000 $725,000 -32.6% 0.1%
Paramount Residential Mortgage Group, Inc. $460,000 $720,000 56.5% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $450,000 $655,000 45.6% 0.0%
InterContinental Capital Group, Inc $925,000 $655,000 -29.2% 0.0%
Associated Bank $215,000 $635,000 195.3% 0.0%
Morton Community Bank $85,000 $630,000 641.2% 0.0%
FCB Banks $105,000 $625,000 495.2% 0.0%
First Federal Bank $625,000 n/a 0.0%
CMG MORTGAGE, INC. $135,000 $620,000 359.3% 0.0%
INLAND BANK & TRUST $4,310,000 $620,000 -85.6% 0.0%
Manufacturers and Traders Trust Company $135,000 $600,000 344.4% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $395,000 $595,000 50.6% 0.0%
Discover Bank $585,000 n/a 0.0%
KS StateBank $585,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $1,105,000 $580,000 -47.5% 0.0%
1ST MIDAMERICA $755,000 $570,000 -24.5% 0.0%
Ameris Bank $555,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $135,000 $555,000 311.1% 0.0%
GENEVA FINANCIAL, LLC $450,000 $545,000 21.1% 0.0%
DUPACO COMMUNITY $315,000 $535,000 69.8% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $235,000 $520,000 121.3% 0.0%
Devon Bank $515,000 n/a 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $375,000 $515,000 37.3% 0.0%
GUARANTEED RATE AFFINITY, LLC $490,000 $515,000 5.1% 0.0%
Citizens Bank $510,000 n/a 0.0%
GERSHMAN INVESTMENT CORP. $2,975,000 $500,000 -83.2% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $500,000 n/a 0.0%
First State Bank of Bloomington $220,000 $485,000 120.5% 0.0%
Key Mortgage Services, Inc. $125,000 $485,000 288.0% 0.0%
OCEANSIDE MORTGAGE COMPANY $200,000 $480,000 140.0% 0.0%
Heartland Bank and Trust Company $1,320,000 $475,000 -64.0% 0.0%
PENTAGON FEDERAL CREDIT UNION $475,000 n/a 0.0%
Land of Lincoln Credit Union $470,000 n/a 0.0%
Magnolia Bank $470,000 n/a 0.0%
SOFI LENDING CORP. $135,000 $470,000 248.1% 0.0%
Ally Bank $855,000 $465,000 -45.6% 0.0%
Colonial Savings, F.A. $470,000 $465,000 -1.1% 0.0%
ROYAL UNITED MORTGAGE LLC $695,000 $465,000 -33.1% 0.0%
U S WIDE FINANCIAL LLC $215,000 $465,000 116.3% 0.0%
Illinois State Police Federal Credit Union $1,785,000 $460,000 -74.2% 0.0%
Low VA Rates, LLC $855,000 $460,000 -46.2% 0.0%
AMERICAN ADVISORS GROUP $135,000 $455,000 237.0% 0.0%
COMPASS MORTGAGE, INC. $495,000 $445,000 -10.1% 0.0%
Scott State Bank $305,000 $430,000 41.0% 0.0%
BLUELEAF LENDING, LLC $500,000 $425,000 -15.0% 0.0%
Chicago Mortgage Solutions LLC $425,000 n/a 0.0%
Paramount Bank $420,000 n/a 0.0%
TOGETHER CREDIT UNION $420,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $420,000 n/a 0.0%
Citibank $90,000 $410,000 355.6% 0.0%
First Mid Bank & Trust $280,000 $410,000 46.4% 0.0%
Shamrock Home Loans, Inc. $410,000 n/a 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $745,000 $380,000 -49.0% 0.0%
Truist Bank $380,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $375,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $370,000 $370,000 0.0% 0.0%
LOANFLIGHT LENDING, LLC $365,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $365,000 n/a 0.0%
Fortress Bank $350,000 n/a 0.0%
Figure Lending LLC $105,000 $345,000 228.6% 0.0%
Baxter Credit Union $335,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $1,540,000 $325,000 -78.9% 0.0%
US MORTGAGE CORPORATION $325,000 n/a 0.0%
Community First National Bank $320,000 n/a 0.0%
First Home Bank $810,000 $315,000 -61.1% 0.0%
First National Bank of Omaha $315,000 n/a 0.0%
Heritage Community Bank $315,000 n/a 0.0%
Nations Lending Corporation $245,000 $310,000 26.5% 0.0%
COCA-COLA $305,000 n/a 0.0%
DECATUR EARTHMOVER CREDIT UNION $35,000 $305,000 771.4% 0.0%
Equity Bank $305,000 n/a 0.0%
SIRVA MORTGAGE, INC. $205,000 $305,000 48.8% 0.0%
TrustBank $280,000 $300,000 7.1% 0.0%
NATIONS RELIABLE LENDING, LLC $45,000 $295,000 555.6% 0.0%
EVANSVILLE TEACHERS $290,000 n/a 0.0%
Peoples National Bank , N.A. $290,000 n/a 0.0%
CONSUMERS COOPERATIVE CREDIT UNION $285,000 n/a 0.0%
The Fisher National Bank $285,000 n/a 0.0%
The Home Loan Expert LLC $175,000 $285,000 62.9% 0.0%
The First National Bank of Ottawa $125,000 $280,000 124.0% 0.0%
Vibrant Credit Union $280,000 n/a 0.0%
Axos Bank $275,000 n/a 0.0%
Better Banks $115,000 $275,000 139.1% 0.0%
UMB Bank $275,000 n/a 0.0%
Bank of England $240,000 $265,000 10.4% 0.0%
Midland States Bank $265,000 n/a 0.0%
Servion, Inc. $145,000 $260,000 79.3% 0.0%
Catlin Bank $245,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $155,000 $240,000 54.8% 0.0%
Equity Prime Mortgage LLC $165,000 $240,000 45.5% 0.0%
TOP FLITE FINANCIAL, INC. $115,000 $240,000 108.7% 0.0%
EASTMAN $235,000 n/a 0.0%
First National Bank of Brookfield $235,000 n/a 0.0%
GENISYS $235,000 n/a 0.0%
ALLIANT CREDIT UNION $15,000 $230,000 1,433.3% 0.0%
Community Mortgage Banc Corporation $650,000 $225,000 -65.4% 0.0%
First Option Mortgage, LLC $225,000 n/a 0.0%
Hawthorn Bank $225,000 $225,000 0.0% 0.0%
DATA MORTGAGE, INC. $220,000 n/a 0.0%
Waterstone Mortgage Corporation $390,000 $220,000 -43.6% 0.0%
Dieterich Bank $215,000 n/a 0.0%
First State Bank $135,000 $210,000 55.6% 0.0%
Midwest Bank $195,000 $210,000 7.7% 0.0%
PHH Mortgage Corporation $570,000 $210,000 -63.2% 0.0%
Florida Capital Bank $155,000 $205,000 32.3% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $325,000 $205,000 -36.9% 0.0%
ASCENTRA $190,000 n/a 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $165,000 $185,000 12.1% 0.0%
CHURCHILL MORTGAGE CORPORATION $250,000 $185,000 -26.0% 0.0%
Signature Federal Credit Union $185,000 n/a 0.0%
21ST MORTGAGE CORPORATION $3,315,000 $175,000 -94.7% 0.0%
Bell Bank $175,000 n/a 0.0%
First State Bank $135,000 $175,000 29.6% 0.0%
Longview Bank & Trust $175,000 n/a 0.0%
Mid-Continent Funding, Inc. $95,000 $175,000 84.2% 0.0%
Notre Dame Federal Credit Union Corporation $175,000 n/a 0.0%
STEARNS LENDING, LLC $115,000 $175,000 52.2% 0.0%
SUMMIT FUNDING, INC. $175,000 n/a 0.0%
UNITED SECURITY FINANCIAL CORP $175,000 n/a 0.0%
PURDUE FEDERAL CREDIT UNION $170,000 n/a 0.0%
North American Savings Bank, F.S.B. $430,000 $165,000 -61.6% 0.0%
Prime Choice Funding Inc. $165,000 n/a 0.0%
Farm Credit Mid-America, ACA $930,000 $155,000 -83.3% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $155,000 n/a 0.0%
MORTGAGE CENTER L.C $155,000 n/a 0.0%
Commerce Bank $645,000 $150,000 -76.7% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.0%
CapStar Bank $135,000 $145,000 7.4% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $145,000 n/a 0.0%
First Midwest Bank $260,000 $145,000 -44.2% 0.0%
Pike Bancorp, Inc. $205,000 $145,000 -29.3% 0.0%
SeaTrust Mortgage Company $145,000 n/a 0.0%
TriStar Bank $145,000 n/a 0.0%
AMERICAN HOME LENDING USA, LLC $610,000 $135,000 -77.9% 0.0%
Arvest Bank $115,000 $135,000 17.4% 0.0%
CIBM Bank $135,000 n/a 0.0%
ENVOY MORTGAGE, LTD $135,000 n/a 0.0%
Mabrey Bank $135,000 n/a 0.0%
National Bank of St. Anne $135,000 n/a 0.0%
VAN DYK MORTGAGE CORPORATION $135,000 n/a 0.0%
Blackhawk Bank $115,000 $125,000 8.7% 0.0%
FRONTIER FINANCIAL, INC. $400,000 $125,000 -68.8% 0.0%
JERSEY STATE BANK $115,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $115,000 n/a 0.0%
Flanagan State Bank $1,375,000 $105,000 -92.4% 0.0%
GSF Mortgage Corporation $105,000 n/a 0.0%
OCMBC, INC. $105,000 n/a 0.0%
RUHL MORTGAGE, LLC $105,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $105,000 n/a 0.0%
TIAA, FSB $95,000 n/a 0.0%
ALLTRU Federal Credit Union $85,000 n/a 0.0%
Honor Credit Union $85,000 n/a 0.0%
THRIVENT Federal Credit Union $85,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $80,000 n/a 0.0%
Bank of Hillsboro $935,000 $75,000 -92.0% 0.0%
First Savings Bank $75,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $75,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $95,000 $70,000 -26.3% 0.0%
First Bank $570,000 $65,000 -88.6% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $125,000 $65,000 -48.0% 0.0%
I. H. MISSISSIPPI VALLEY CREDIT UNION $55,000 n/a 0.0%
INOVA FEDERAL CREDIT UNION $55,000 n/a 0.0%
Bank of Pontiac $490,000 $45,000 -90.8% 0.0%
Goodfield State Bank $155,000 $45,000 -71.0% 0.0%
NUMARK CREDIT UNION $45,000 n/a 0.0%
The Peoples State Bank of Newton, Illinois $820,000 $45,000 -94.5% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $35,000 n/a 0.0%
Providence Bank & Trust $25,000 n/a 0.0%

SPRINGFIELD's top lender by overall market share is Bank of Springfield, with 11.3% market share. In second place, with 9.9%, is INB, having originated $131,330,000 in loans. In third place, with 9.0%, is United Community Bank, having originated $119,480,000 in loans. In third place, with 8.4%, is Marine Bank, having originated $112,310,000 in loans. In third place, with 4.8%, is Town & Country Banc Mortgage Services, Inc., having originated $64,280,000 in loans.


SPRINGFIELD, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,988 $682,160,000 $171,053
Refi 2,755 $442,175,000 $160,499
Cash Out Refi 1,243 $182,945,000 $147,180
Home Improvement 184 $11,510,000 $62,554
Other 147 $11,355,000 $77,245
NA 1 $35,000 $35,000

Springfield's most frequently cited loan purpose was Home Purchase, with 3,988 originations. The 2nd most popular reason was Refi, with 2,755 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 2,537 $443,105,000 $174,657
3-4% 2,359 $364,605,000 $154,559
<2.5% 2,227 $362,855,000 $162,934
4-5% 403 $40,975,000 $101,675
5-6% 73 $3,405,000 $46,644
Over 8% 26 $1,020,000 $39,231
6-7% 18 $840,000 $46,667
7-8% 12 $650,000 $54,167

During 2021, Springfield's most frequently originated rate bucket was 2.5-3%, with 2,537 originations.

Loan Sizing (SPRINGFIELD, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,455 $492,375,000 $142,511
$100,000 or less 2,888 $180,170,000 $62,386
$200k-400k 1,734 $461,560,000 $266,182
$400k-600k 202 $95,460,000 $472,574
$600k-1000k 22 $16,260,000 $739,091
$Over $1MM 17 $84,355,000 $4,962,059

SPRINGFIELD's loan sizing saw the bucket of loans from $100k-200k with 3,455 originations, totaling $492,375,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 3,374 $583,950,000 $173,074
60-80% 2,557 $420,455,000 $164,433
40-60% 784 $113,230,000 $144,426
20-40% 346 $33,950,000 $98,121
Under 20% 288 $10,490,000 $36,424
Over 100% 80 $18,200,000 $227,500

SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,374 originations, totaling $583,950,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $137,400 (1.9%) $182,849 (0.6%) 0.51 826
2018-02-01 $138,000 (2.3%) $185,208 (1.4%) 0.50 828
2018-03-01 $142,500 (1.2%) $189,762 (-3.3%) 0.49 873
2018-04-01 $146,200 (-2.5%) $193,047 (-3.9%) 0.49 881
2018-05-01 $144,900 (-7.9%) $192,834 (-8.4%) 0.48 937
2018-06-01 $144,900 (-9.4%) $196,551 (-7.5%) 0.48 1,029
2018-07-01 $142,400 (-8.1%) $193,744 (-4.7%) 0.47 1,067
2018-08-01 $144,900 (-4.9%) $191,541 (-4.7%) 0.48 1,052
2018-09-01 $149,900 (0.0%) $191,153 (-4.2%) 0.50 1,046
2018-10-01 $149,900 (0.8%) $193,690 (-0.1%) 0.50 1,002
2018-11-01 $149,900 (7.2%) $194,533 (4.8%) 0.50 955
2018-12-01 $139,900 (0.0%) $183,545 (1.5%) 0.48 870
2019-01-01 $136,250 (-0.8%) $180,737 (-1.2%) 0.47 842
2019-02-01 $139,000 (0.7%) $181,845 (-1.8%) 0.47 835
2019-03-01 $142,729 (0.2%) $184,866 (-2.6%) 0.47 814
2019-04-01 $147,750 (1.1%) $193,523 (0.3%) 0.47 785
2019-05-01 $149,400 (3.1%) $198,130 (2.8%) 0.46 797
2019-06-01 $153,900 (6.2%) $198,428 (1.0%) 0.47 882
2019-07-01 $154,900 (8.8%) $199,405 (2.9%) 0.48 919
2019-08-01 $152,779 (5.4%) $198,217 (3.5%) 0.48 901
2019-09-01 $149,925 (0.0%) $195,675 (2.4%) 0.48 863
2019-10-01 $149,000 (-0.6%) $191,976 (-0.9%) 0.48 836
2019-11-01 $139,900 (-6.7%) $183,648 (-5.6%) 0.45 819
2019-12-01 $132,450 (-5.3%) $176,776 (-3.7%) 0.44 731
2020-01-01 $131,400 (-3.6%) $179,924 (-0.5%) 0.44 680
2020-02-01 $134,900 (-3.0%) $184,620 (1.5%) 0.44 659
2020-03-01 $146,950 (3.0%) $198,878 (7.6%) 0.46 621
2020-04-01 $149,950 (1.5%) $202,807 (4.8%) 0.47 617
2020-05-01 $144,900 (-3.0%) $200,901 (1.4%) 0.44 562
2020-06-01 $152,400 (-1.0%) $210,323 (6.0%) 0.45 541
2020-07-01 $152,950 (-1.3%) $208,826 (4.7%) 0.44 527
2020-08-01 $139,900 (-8.4%) $198,838 (0.3%) 0.40 490
2020-09-01 $134,900 (-10.0%) $197,263 (0.8%) 0.39 454
2020-10-01 $124,900 (-16.2%) $182,127 (-5.1%) 0.36 444
2020-11-01 $115,900 (-17.2%) $170,342 (-7.3%) 0.33 440
2020-12-01 $103,350 (-22.0%) $157,540 (-10.9%) 0.30 401
2021-01-01 $99,900 (-24.0%) $159,448 (-11.4%) 0.29 335
2021-02-01 $99,900 (-26.0%) $158,704 (-14.0%) 0.29 285
2021-03-01 $99,900 (-32.0%) $172,426 (-13.3%) 0.28 232
2021-04-01 $99,900 (-33.4%) $183,748 (-9.4%) 0.27 219
2021-05-01 $112,000 (-22.7%) $197,373 (-1.8%) 0.29 215
2021-06-01 $124,900 (-18.0%) $206,049 (-2.0%) 0.32 265
2021-07-01 $124,950 (-18.3%) $213,552 (2.3%) 0.32 258
2021-08-01 $127,450 (-8.9%) $214,771 (8.0%) 0.34 275
2021-09-01 $124,900 (-7.4%) $199,302 (1.0%) 0.33 267
2021-10-01 $117,460 (-6.0%) $184,394 (1.2%) 0.31 263
2021-11-01 $107,450 (-7.3%) $174,070 (2.2%) 0.28 237
2021-12-01 $115,450 (11.7%) $174,802 (11.0%) 0.31 207
2022-01-01 $105,000 (5.1%) $176,129 (10.5%) 0.28 182
2022-02-01 $100,500 (0.6%) $177,720 (12.0%) 0.26 143
2022-03-01 $120,700 (20.8%) $209,906 (21.7%) 0.30 135
2022-04-01 $140,000 (40.1%) $225,035 (22.5%) 0.33 145
2022-05-01 $145,000 (29.5%) $256,964 (30.2%) 0.32 142
2022-06-01 $164,900 (32.0%) $250,705 (21.7%) 0.37 188
SPRINGFIELD's median listing price for 2022-06-01 was $164,900, a difference of $40,000 (32.0%) versus the prior year and $19,900 versus the prior month.

SPRINGFIELD's median listing price comes in at 37% of the national average.

SPRINGFIELD's average listing price for 2022-06-01 was $250,705, a difference of $44,656 (21.7%) versus the prior year and $-6,259 versus the prior month.

For the 2022-06-01 period, SPRINGFIELD had 188 MLS listings, a difference of 46 listings (32%) versus the prior month and -77 listings (-29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 92 days 1,733 sqft
2018-02-01 94 days 1,771 sqft
2018-03-01 72 days 1,800 sqft
2018-04-01 60 days 1,804 sqft
2018-05-01 60 days 1,801 sqft
2018-06-01 57 days 1,843 sqft
2018-07-01 59 days 1,821 sqft
2018-08-01 65 days 1,804 sqft
2018-09-01 71 days 1,811 sqft
2018-10-01 77 days 1,832 sqft
2018-11-01 79 days 1,829 sqft
2018-12-01 85 days 1,735 sqft
2019-01-01 93 days 1,700 sqft
2019-02-01 95 days 1,700 sqft
2019-03-01 66 days 1,748 sqft
2019-04-01 54 days 1,815 sqft
2019-05-01 53 days 1,847 sqft
2019-06-01 17 days 1,845 sqft
2019-07-01 35 days 1,896 sqft
2019-08-01 59 days 1,909 sqft
2019-09-01 67 days 1,900 sqft
2019-10-01 69 days 1,886 sqft
2019-11-01 70 days 1,825 sqft
2019-12-01 74 days 1,784 sqft
2020-01-01 84 days 1,759 sqft
2020-02-01 86 days 1,748 sqft
2020-03-01 70 days 1,800 sqft
2020-04-01 72 days 1,800 sqft
2020-05-01 69 days 1,774 sqft
2020-06-01 56 days 1,863 sqft
2020-07-01 52 days 1,834 sqft
2020-08-01 53 days 1,716 sqft
2020-09-01 53 days 1,745 sqft
2020-10-01 51 days 1,695 sqft
2020-11-01 53 days 1,595 sqft
2020-12-01 59 days 1,537 sqft
2021-01-01 68 days 1,500 sqft
2021-02-01 77 days 1,455 sqft
2021-03-01 65 days 1,431 sqft
2021-04-01 47 days 1,438 sqft
2021-05-01 36 days 1,518 sqft
2021-06-01 34 days 1,570 sqft
2021-07-01 41 days 1,709 sqft
2021-08-01 31 days 1,675 sqft
2021-09-01 39 days 1,615 sqft
2021-10-01 43 days 1,600 sqft
2021-11-01 47 days 1,578 sqft
2021-12-01 51 days 1,620 sqft
2022-01-01 63 days 1,516 sqft
2022-02-01 51 days 1,547 sqft
2022-03-01 40 days 1,532 sqft
2022-04-01 32 days 1,600 sqft
2022-05-01 32 days 1,687 sqft
2022-06-01 38 days 1,720 sqft
SPRINGFIELD's median listing age (time on market) for 2022-06-01 was 38 days. This is 13% longer than the same period one year ago.

SPRINGFIELD's median square footage for active listings during the 2022-06-01 period was 1,720 sqft. One year prior, the average listing was 1,570 sqft.