SPRINGFIELD Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Springfield averaged 6.87% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.68% and one month ago for the week of 2025-02-27, the average rate was 6.89%.

Springfield's average rate one year ago was 6.72%.

For refis of the same type during the week of 2025-04-03, the average rate was 6.88%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
Springfield 30 Year Fixed Rate 2025-04-03 6.87%
Springfield 30 Year Fixed Rate Refi 2025-04-03 6.88%
Springfield 15 Year Fixed Rate 2025-04-03 6.58%
Springfield 15 Year Fixed Rate Refi 2025-04-03 5.92%
Springfield 30 Year FHA 2025-04-03 6.7%
Springfield 30 Year FHA Refi 2025-04-03 6.06%
Springfield 30 Year USDA 2025-04-03 6.22%
Springfield 30 Year USDA Refi 2025-04-03 6.32%
Springfield 30 Year VA 2025-04-03 6.34%
Springfield 30 Year VA Refi 2025-04-03 6.06%
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 lender, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
INB 316 6.79% $2,457
Bank of Springfield 210 6.59% $2,034
United Community Bank 151 6.59% $2,085
HEARTLAND 112 6.41% $2,165
CITIZENS EQUITY FIRST 74 6.55% $1,447
Heartland Bank and Trust Company 61 6.97% $2,270
GUARANTEED RATE, INC. 55 6.73% $3,783
PNC Bank 48 6.64% $3,274
Morton Community Bank 45 6.91% $2,333
Carrollton Bank 44 6.72% $2,464
QUICKEN LOANS, LLC 42 6.72% $5,483
FLAT BRANCH MORTGAGE, INC. 41 6.71% $2,881
JPMorgan Chase Bank 34 6.74% $1,663
AFFORDABLE MORTGAGE ADVISORS, LLC. 29 6.97% $4,211
BROKER SOLUTIONS, INC. 29 6.89% $3,606
Prairie State Bank and Trust 27 6.67% $1,862
U.S. Bank 19 7.04% $2,990
Petefish, Skiles & Co. 17 6.67% $1,842
UNITED WHOLESALE MORTGAGE, LLC 11 6.74% $5,631
LEADERONE FINANCIAL CORPORATION 6 7.42% $4,284
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 7.10% $3,118
CROSSCOUNTRY MORTGAGE, LLC 6 6.87% $5,316
Regions Bank 6 6.85% $3,197
CNB Bank And Trust, N.A. 5 6.66% $2,444
USAA Federal Savings Bank 5 6.98% $3,489
Wells Fargo Bank 5 6.28% $3,964
NAVY FEDERAL CREDIT UNION 5 6.53% $2,724
NEWREZ LLC 4 6.94% $4,983
GUIDANCE RESIDENTIAL, LLC 4 7.38% $4,702
DAS Acquisition Company, LLC 4 7.34% $3,449
LOANDEPOT.COM, LLC 3 6.58% $5,230
ANGEL OAK MORTGAGE SOLUTIONS LLC 3 9.46% $8,215
GUILD MORTGAGE COMPANY 3 7.00% $3,261
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.33% $3,941
Busey Bank 3 6.58% $2,378
Credit Union 1 3 5.92% $3,541
CIBM Bank 3 6.88% $3,756
HOMESIDE FINANCIAL, LLC 3 7.13% $4,724
ZILLOW HOME LOANS, LLC 3 7.21% $4,673
Fifth Third Bank 3 6.50% $2,238
Bank of America 2 6.38% $2,630
AMERISAVE MORTGAGE CORPORATION 2 7.50% $5,273
FIRST STATE MORTGAGE SERVICES, LLC 2 6.75% $2,417
Discover Bank 2 8.06% $0
PENNYMAC LOAN SERVICES, LLC 2 6.56% $4,432
Barrington Bank & Trust Company, N.A. 2 6.63% $2,808
MORIA DEVELOPMENT, INC. 2 7.00% $4,525
ROYAL UNITED MORTGAGE LLC 2 7.19% $6,027
SCOTT CREDIT UNION 2 6.50% $2,464
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.99% $3,464
Ixonia Bank 2 6.63% $4,748
Farm Credit Mid-America, ACA 2 7.13% $5,432
LENDSURE MORTGAGE CORP. 2 7.69% $14,203
MEMBER FIRST MORTGAGE, LLC 2 6.50% $2,639
UNIVERSITY OF ILLINOIS COMMUNITY 1 7.38% $2,490
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.38% $2,528
THE MORTGAGE LINK, INC. 1 7.49% $14,345
CARDINAL FINANCIAL 1 6.50% $3,156
DELMAR FINANCIAL COMPANY 1 8.13% $4,858
EASTMAN 1 7.00% $2,478
EMBRACE HOME LOANS, INC. 1 8.13% $5,508
ENDEAVOR CAPITAL, LLC. 1 6.63% $5,069
ENVOY MORTGAGE, LTD 1 7.38% $4,126
EVANSVILLE TEACHERS 1 6.50% $2,689
First State Bank of St. Charles, Missouri 1 7.13% $3,623
Flanagan State Bank 1 7.13% $2,121
GARDNER FINANCIAL SERVICES, LTD. 1 6.13% $6,052
General Mortgage Capital Corporation 1 7.88% $3,854
GUARANTEED RATE AFFINITY, LLC 1 7.10% $2,544
Bank of England 1 7.38% $3,158
ILLINOIS STATE CREDIT UNION 1 6.00% $2,219
Armed Forces Bank 1 6.38% $3,682
LAKE MICHIGAN CREDIT UNION 1 5.99% $2,418
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.62% $3,904
Mortgage Research Center, LLC 1 6.50% $3,277
MOVEMENT MORTGAGE, LLC 1 5.99% $4,247
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $4,266
Nations Lending Corporation 1 6.50% $1,409
Old National Bank 1 7.00% $2,436
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.88% $4,926
Paramount Residential Mortgage Group, Inc. 1 6.50% $2,531
Peoples National Bank , N.A. 1 6.63% $2,720
American Mortgage & Equity Consultants, Inc. 1 7.50% $11,413
PREMIA MORTGAGE, LLC 1 6.98% $899
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.49% $3,681
AMERICAN FINANCING CORPORATION 1 5.38% $5,722
RUOFF MORTGAGE COMPANY, INC. 1 6.63% $1,483
Servion, Inc. 1 6.88% $3,287
Sierra Pacific Mortgage Company, Inc. 1 6.38% $2,813
TEACHERS 1 7.13% $3,809
The Loan Store, Inc. 1 7.63% $4,019
CHURCHILL MORTGAGE CORPORATION 1 7.38% $2,897
TOGETHER CREDIT UNION 1 6.63% $2,504
UNION HOME MORTGAGE CORP. 1 6.38% $3,472
Ally Bank 1 6.00% $2,909

SPRINGFIELD Average Closing Costs & Other Stats

SPRINGFIELD, IL's 95 lenders originated 4,102 loans during 2024. The total origination value was $670,070,000, with an average loan value of $163,352.

SPRINGFIELD's average closing costs are $2,969.

The top SPRINGFIELD lender as defined by loan originations is INB, with 316 loans originated. Their average total fees are $2,457, which is $422 higher than the next largest lender, Bank of Springfield.

The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST ($1,447), JPMorgan Chase Bank ($1,663), Petefish, Skiles & Co. ($1,842), Prairie State Bank and Trust ($1,862) and Bank of Springfield ($2,034).

The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are HEARTLAND (6.41%), CITIZENS EQUITY FIRST (6.55%), Bank of Springfield (6.59%), United Community Bank (6.59%) and PNC Bank (6.64%).

SPRINGFIELD, 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
INB $82,750,000 $99,755,000 20.5% 14.9%
Bank of Springfield $57,320,000 $78,995,000 37.8% 11.8%
United Community Bank $50,895,000 $61,520,000 20.9% 9.2%
Alliance Community Bank $26,390,000 $31,970,000 21.1% 4.8%
CITIZENS EQUITY FIRST $20,870,000 $21,775,000 4.3% 3.2%
HEARTLAND $16,865,000 $21,265,000 26.1% 3.2%
QUICKEN LOANS, LLC $16,800,000 $19,210,000 14.3% 2.9%
GUARANTEED RATE, INC. $7,495,000 $17,840,000 138.0% 2.7%
Morton Community Bank $18,660,000 $17,645,000 -5.4% 2.6%
Carrollton Bank $14,775,000 $16,495,000 11.6% 2.5%
PNC Bank $14,995,000 $15,110,000 0.8% 2.3%
Prairie State Bank and Trust $14,550,000 $14,500,000 -0.3% 2.2%
Mortgage Research Center, LLC $9,535,000 $14,310,000 50.1% 2.1%
Heartland Bank and Trust Company $26,460,000 $13,720,000 -48.1% 2.0%
FLAT BRANCH MORTGAGE, INC. $30,375,000 $13,175,000 -56.6% 2.0%
Hickory Point Bank and Trust $3,270,000 $12,375,000 278.4% 1.8%
Warren-Boynton State Bank $10,310,000 $12,295,000 19.3% 1.8%
AFFORDABLE MORTGAGE ADVISORS, LLC. $12,165,000 n/a 1.8%
West Central Bank $10,440,000 $12,025,000 15.2% 1.8%
BROKER SOLUTIONS, INC. $2,915,000 $9,775,000 235.3% 1.5%
Bank & Trust Company $8,445,000 $8,035,000 -4.9% 1.2%
U.S. Bank $6,440,000 $7,295,000 13.3% 1.1%
UNITED WHOLESALE MORTGAGE, LLC $2,470,000 $7,280,000 194.7% 1.1%
JPMorgan Chase Bank $4,795,000 $6,775,000 41.3% 1.0%
Security Bank, s.b. $5,805,000 $6,465,000 11.4% 1.0%
Petefish, Skiles & Co. $5,775,000 $5,170,000 -10.5% 0.8%
FREEDOM MORTGAGE CORPORATION $2,245,000 $4,835,000 115.4% 0.7%
Merchants Capital Corp. $4,285,000 n/a 0.6%
Williamsville State Bank & Trust $3,960,000 $4,045,000 2.1% 0.6%
WALKER & DUNLOP, LLC $9,105,000 $4,025,000 -55.8% 0.6%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $6,080,000 $3,670,000 -39.6% 0.5%
NAVY FEDERAL CREDIT UNION $1,340,000 $3,580,000 167.2% 0.5%
LEADERONE FINANCIAL CORPORATION $3,995,000 $3,355,000 -16.0% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,530,000 $3,175,000 107.5% 0.5%
Regions Bank $5,770,000 $2,600,000 -54.9% 0.4%
NEWREZ LLC $1,050,000 $2,365,000 125.2% 0.4%
GUILD MORTGAGE COMPANY $1,025,000 $2,055,000 100.5% 0.3%
LOANDEPOT.COM, LLC $1,675,000 $2,035,000 21.5% 0.3%
USAA Federal Savings Bank $2,850,000 $1,885,000 -33.9% 0.3%
First Bankers Trust Company $510,000 $1,855,000 263.7% 0.3%
The Federal Savings Bank $490,000 $1,795,000 266.3% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,925,000 $1,760,000 -8.6% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $1,405,000 $1,735,000 23.5% 0.3%
Flanagan State Bank $105,000 $1,730,000 1,547.6% 0.3%
DAS Acquisition Company, LLC $1,380,000 $1,550,000 12.3% 0.2%
FIRST STATE MORTGAGE SERVICES, LLC $4,180,000 $1,375,000 -67.1% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $410,000 $1,320,000 222.0% 0.2%
VILLAGE CAPITAL MORTGAGE $585,000 $1,315,000 124.8% 0.2%
AMERISAVE MORTGAGE CORPORATION $745,000 $1,255,000 68.5% 0.2%
CNB Bank And Trust, N.A. $995,000 $1,230,000 23.6% 0.2%
Bank of Hillsboro $95,000 $1,210,000 1,173.7% 0.2%
Discover Bank $835,000 $1,200,000 43.7% 0.2%
Plains Commerce Bank $1,790,000 $1,155,000 -35.5% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,125,000 n/a 0.2%
Wells Fargo Bank $1,630,000 $1,105,000 -32.2% 0.2%
LENDSURE MORTGAGE CORP. $115,000 $1,070,000 830.4% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,590,000 $1,000,000 -37.1% 0.1%
The Fisher National Bank $940,000 n/a 0.1%
Carrington Mortgage Services, LLC $260,000 $920,000 253.8% 0.1%
21ST MORTGAGE CORPORATION $615,000 $910,000 48.0% 0.1%
Credit Union 1 $1,895,000 $895,000 -52.8% 0.1%
GUARANTEED RATE AFFINITY, LLC $55,000 $895,000 1,527.3% 0.1%
ROYAL UNITED MORTGAGE LLC $355,000 $895,000 152.1% 0.1%
ZILLOW HOME LOANS, LLC $570,000 $860,000 50.9% 0.1%
Figure Lending LLC $355,000 $850,000 139.4% 0.1%
GUIDANCE RESIDENTIAL, LLC $1,170,000 $845,000 -27.8% 0.1%
Barrington Bank & Trust Company, N.A. $660,000 $795,000 20.5% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $135,000 $745,000 451.9% 0.1%
GENEVA FINANCIAL, LLC $345,000 $705,000 104.3% 0.1%
Flagstar Bank, FSB $170,000 $685,000 302.9% 0.1%
First National Bank of Pana $665,000 n/a 0.1%
CIBM Bank $605,000 $655,000 8.3% 0.1%
American Mortgage & Equity Consultants, Inc. $810,000 $645,000 -20.4% 0.1%
Fifth Third Bank $1,420,000 $630,000 -55.6% 0.1%
HOMESIDE FINANCIAL, LLC $115,000 $630,000 447.8% 0.1%
The First National Bank of Raymond $410,000 $610,000 48.8% 0.1%
Old National Bank $16,555,000 $605,000 -96.3% 0.1%
NEW DAY FINANCIAL, LLC $645,000 $600,000 -7.0% 0.1%
Busey Bank $610,000 $565,000 -7.4% 0.1%
Bank of America $900,000 $545,000 -39.4% 0.1%
1ST MIDAMERICA $65,000 $540,000 730.8% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $535,000 n/a 0.1%
MORIA DEVELOPMENT, INC. $535,000 n/a 0.1%
General Mortgage Capital Corporation $155,000 $530,000 241.9% 0.1%
AMWEST FUNDING CORP. $510,000 n/a 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $505,000 n/a 0.1%
MLD MORTGAGE INC. $500,000 n/a 0.1%
Stifel Bank and Trust $1,180,000 $500,000 -57.6% 0.1%
FOUNDATION MORTGAGE CORPORATION $490,000 n/a 0.1%
Farm Credit Mid-America, ACA $905,000 $480,000 -47.0% 0.1%
Coastal Community Bank $295,000 $475,000 61.0% 0.1%
Northpointe Bank $95,000 $475,000 400.0% 0.1%
First State Bank of St. Charles, Missouri $470,000 n/a 0.1%
Land of Lincoln Credit Union $700,000 $465,000 -33.6% 0.1%
Credence Funding Corporation $455,000 n/a 0.1%
First Federal Bank $205,000 $455,000 122.0% 0.1%
TOP FLITE FINANCIAL, INC. $145,000 $435,000 200.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $525,000 $430,000 -18.1% 0.1%
SCOTT CREDIT UNION $320,000 $425,000 32.8% 0.1%
Ixonia Bank $420,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $415,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $320,000 $405,000 26.6% 0.1%
Legence Bank $390,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $375,000 n/a 0.1%
FCB Banks $315,000 $370,000 17.5% 0.1%
Citizens Bank $365,000 n/a 0.1%
First State Bank of Forrest $185,000 $365,000 97.3% 0.1%
AmeriHome Mortgage Company, LLC $360,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $955,000 $355,000 -62.8% 0.1%
ENDEAVOR CAPITAL, LLC. $350,000 $350,000 0.0% 0.1%
AIR ACADEMY $335,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $335,000 n/a 0.0%
The Loan Store, Inc. $335,000 n/a 0.0%
THE MORTGAGE LINK, INC. $335,000 n/a 0.0%
NBKC BANK $465,000 $325,000 -30.1% 0.0%
MEMBER FIRST MORTGAGE, LLC $1,285,000 $315,000 -75.5% 0.0%
COMPASS MORTGAGE, INC. $350,000 $310,000 -11.4% 0.0%
Servion, Inc. $425,000 $310,000 -27.1% 0.0%
BETTER MORTGAGE CORPORATION $95,000 $305,000 221.1% 0.0%
CARDINAL FINANCIAL $220,000 $305,000 38.6% 0.0%
Johnson Bank $300,000 n/a 0.0%
PLANET HOME LENDING, LLC $300,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $290,000 n/a 0.0%
Bank of England $285,000 n/a 0.0%
S1L, Inc. $285,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $275,000 n/a 0.0%
Nations Lending Corporation $65,000 $250,000 284.6% 0.0%
EASTMAN $245,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $235,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $505,000 $235,000 -53.5% 0.0%
EVANSVILLE TEACHERS $75,000 $230,000 206.7% 0.0%
State Department Federal Credit Union $230,000 n/a 0.0%
Peoples National Bank , N.A. $225,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $220,000 n/a 0.0%
GARDNER FINANCIAL SERVICES, LTD. $215,000 n/a 0.0%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $210,000 n/a 0.0%
1786 $205,000 n/a 0.0%
AMERICAN HERITAGE LENDING, INC. $195,000 n/a 0.0%
DIGITAL Federal Credit Union $360,000 $195,000 -45.8% 0.0%
North Shore Trust and Savings $195,000 n/a 0.0%
PREMIA MORTGAGE, LLC $195,000 n/a 0.0%
Buena Vista National Bank $190,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $290,000 $185,000 -36.2% 0.0%
TOGETHER CREDIT UNION $25,000 $185,000 640.0% 0.0%
TJC Mortgage, Inc. $175,000 n/a 0.0%
Commerce Bank $170,000 n/a 0.0%
ILLINOIS STATE CREDIT UNION $165,000 n/a 0.0%
LAKE MICHIGAN CREDIT UNION $780,000 $165,000 -78.8% 0.0%
EMBRACE HOME LOANS, INC. $155,000 n/a 0.0%
Centier Bank $15,000 $150,000 900.0% 0.0%
Ally Bank $145,000 n/a 0.0%
GERSHMAN INVESTMENT CORP. $315,000 $145,000 -54.0% 0.0%
MOVEMENT MORTGAGE, LLC $210,000 $145,000 -31.0% 0.0%
TruHome Solutions, LLC $145,000 n/a 0.0%
UNIVERSITY OF ILLINOIS COMMUNITY $145,000 n/a 0.0%
West Gate Bank $145,000 n/a 0.0%
PACIFIC RESIDENTIAL MORTGAGE, LLC $135,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $410,000 $125,000 -69.5% 0.0%
ENVOY MORTGAGE, LTD $185,000 $125,000 -32.4% 0.0%
Pike Bancorp $65,000 $125,000 92.3% 0.0%
Sauk Valley Bank & Trust Company $125,000 n/a 0.0%
TEACHERS $115,000 n/a 0.0%
The Huntington National Bank $380,000 $110,000 -71.1% 0.0%
ALLIED MORTGAGE GROUP, INC. $165,000 $105,000 -36.4% 0.0%
COMMUNITY STATE BANK $105,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $105,000 n/a 0.0%
M&T Bank $45,000 $105,000 133.3% 0.0%
Providence Bank & Trust $105,000 n/a 0.0%
Montgomery Bank $95,000 n/a 0.0%
FIRST COLONY MORTGAGE CORPORATION $85,000 n/a 0.0%
First Federal Savings Bank of Champaign-Urbana $85,000 n/a 0.0%
LAFAYETTE FEDERAL CREDIT UNION $85,000 n/a 0.0%
South Story Bank & Trust $85,000 n/a 0.0%
SPRING EQ, LLC $125,000 $80,000 -36.0% 0.0%
Armed Forces Bank $75,000 n/a 0.0%
Scott State Bank $75,000 n/a 0.0%
DELMAR FINANCIAL COMPANY $135,000 $65,000 -51.9% 0.0%
Transportation Federal Credit Union $65,000 n/a 0.0%
GREENSTATE CREDIT UNION $520,000 $60,000 -88.5% 0.0%
AMERICAN FINANCING CORPORATION $55,000 $55,000 0.0% 0.0%
CMG MORTGAGE, INC. $380,000 $55,000 -85.5% 0.0%
FIRST COMMUNITY $25,000 $45,000 80.0% 0.0%
Sierra Pacific Mortgage Company, Inc. $45,000 n/a 0.0%
AFFINITY $345,000 $35,000 -89.9% 0.0%
Connexus Credit Union $35,000 n/a 0.0%
Illinois State Police Federal Credit Union $75,000 $35,000 -53.3% 0.0%
INOVA FEDERAL CREDIT UNION $35,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $15,000 $35,000 133.3% 0.0%
ALLIANT CREDIT UNION $125,000 $15,000 -88.0% 0.0%

SPRINGFIELD's top lender by overall market share is INB, with 14.9% market share. In second place, with 11.8%, is Bank of Springfield, having originated $78,995,000 in loans. In third place, with 9.2%, is United Community Bank, having originated $61,520,000 in loans. In fourth place, with 4.8%, is Alliance Community Bank, having originated $31,970,000 in loans. In fifth place, with 3.2%, is CITIZENS EQUITY FIRST, having originated $21,775,000 in loans.


SPRINGFIELD Housing Market Trends (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 $136,950 (1.9%) $182,107 (0.5%) 0.51 829
2018-02-01 $137,500 (1.9%) $184,524 (0.7%) 0.50 831
2018-03-01 $139,900 (-0.7%) $189,588 (-3.4%) 0.49 875
2018-04-01 $144,900 (-3.3%) $192,321 (-4.1%) 0.49 886
2018-05-01 $144,650 (-7.8%) $192,476 (-8.4%) 0.48 940
2018-06-01 $143,900 (-10.0%) $195,637 (-7.6%) 0.48 1,027
2018-07-01 $140,900 (-9.1%) $192,657 (-5.1%) 0.47 1,065
2018-08-01 $144,900 (-4.9%) $191,130 (-4.6%) 0.49 1,055
2018-09-01 $149,900 (0.0%) $190,452 (-4.5%) 0.50 1,041
2018-10-01 $149,900 (0.8%) $193,627 (-0.1%) 0.51 997
2018-11-01 $149,700 (7.0%) $194,421 (4.8%) 0.51 951
2018-12-01 $139,900 (0.0%) $183,840 (2.1%) 0.48 867
2019-01-01 $136,700 (-0.2%) $181,331 (-0.4%) 0.47 838
2019-02-01 $139,000 (1.1%) $182,529 (-1.1%) 0.47 830
2019-03-01 $142,279 (1.7%) $185,428 (-2.2%) 0.47 808
2019-04-01 $147,475 (1.8%) $193,701 (0.7%) 0.47 782
2019-05-01 $149,900 (3.6%) $198,127 (2.9%) 0.47 790
2019-06-01 $154,250 (7.2%) $198,332 (1.4%) 0.48 858
2019-07-01 $153,900 (9.2%) $196,938 (2.2%) 0.48 921
2019-08-01 $152,155 (5.0%) $195,804 (2.5%) 0.48 906
2019-09-01 $149,536 (-0.2%) $191,708 (0.7%) 0.48 867
2019-10-01 $147,500 (-1.6%) $189,173 (-2.3%) 0.48 843
2019-11-01 $139,900 (-6.6%) $181,698 (-6.5%) 0.46 816
2019-12-01 $131,250 (-6.2%) $174,479 (-5.1%) 0.44 732
2020-01-01 $131,150 (-4.1%) $177,224 (-2.3%) 0.44 671
2020-02-01 $132,950 (-4.4%) $182,344 (-0.1%) 0.44 650
2020-03-01 $147,950 (4.0%) $197,148 (6.3%) 0.46 617
2020-04-01 $149,950 (1.7%) $201,211 (3.9%) 0.47 613
2020-05-01 $144,900 (-3.3%) $200,964 (1.4%) 0.44 543
2020-06-01 $150,425 (-2.5%) $207,978 (4.9%) 0.44 540
2020-07-01 $152,400 (-1.0%) $206,062 (4.6%) 0.44 527
2020-08-01 $139,900 (-8.1%) $194,492 (-0.7%) 0.40 494
2020-09-01 $134,900 (-9.8%) $193,896 (1.1%) 0.39 453
2020-10-01 $124,700 (-15.5%) $179,027 (-5.4%) 0.36 440
2020-11-01 $113,300 (-19.0%) $167,143 (-8.0%) 0.33 437
2020-12-01 $102,400 (-22.0%) $155,419 (-10.9%) 0.30 401
2021-01-01 $99,900 (-23.8%) $156,968 (-11.4%) 0.30 335
2021-02-01 $98,200 (-26.1%) $156,389 (-14.2%) 0.29 285
2021-03-01 $99,900 (-32.5%) $168,588 (-14.5%) 0.28 237
2021-04-01 $99,825 (-33.4%) $179,571 (-10.8%) 0.27 220
2021-05-01 $110,000 (-24.1%) $194,730 (-3.1%) 0.29 218
2021-06-01 $124,400 (-17.3%) $202,841 (-2.5%) 0.33 264
2021-07-01 $129,900 (-14.8%) $211,187 (2.5%) 0.34 259
2021-08-01 $127,450 (-8.9%) $212,737 (9.4%) 0.34 274
2021-09-01 $124,900 (-7.4%) $197,930 (2.1%) 0.33 267
2021-10-01 $118,000 (-5.4%) $184,105 (2.8%) 0.31 267
2021-11-01 $108,075 (-4.6%) $172,594 (3.3%) 0.29 237
2021-12-01 $117,450 (14.7%) $173,805 (11.8%) 0.32 208
2022-01-01 $107,500 (7.6%) $175,743 (12.0%) 0.29 180
2022-02-01 $104,200 (6.1%) $179,084 (14.5%) 0.27 144
2022-03-01 $120,750 (20.9%) $210,377 (24.8%) 0.30 138
2022-04-01 $139,900 (40.2%) $226,506 (26.1%) 0.33 145
2022-05-01 $146,750 (33.4%) $257,527 (32.3%) 0.34 142
2022-06-01 $166,050 (33.5%) $249,691 (23.1%) 0.37 186
2022-07-01 $165,000 (27.0%) $256,210 (21.3%) 0.37 221
2022-08-01 $175,000 (37.3%) $256,117 (20.4%) 0.40 216
2022-09-01 $193,950 (55.3%) $271,496 (37.2%) 0.45 199
2022-10-01 $186,500 (58.1%) $250,575 (36.1%) 0.44 219
2022-11-01 $169,425 (56.8%) $229,425 (32.9%) 0.41 231
2022-12-01 $165,000 (40.5%) $232,606 (33.8%) 0.41 221
2023-01-01 $157,475 (46.5%) $232,968 (32.6%) 0.39 188
2023-02-01 $154,950 (48.7%) $236,733 (32.2%) 0.37 146
2023-03-01 $149,475 (23.8%) $236,979 (12.7%) 0.35 149
2023-04-01 $179,900 (28.6%) $251,032 (10.8%) 0.42 137
2023-05-01 $182,573 (24.4%) $266,066 (3.3%) 0.41 136
2023-06-01 $186,345 (12.2%) $277,081 (11.0%) 0.42 144
2023-07-01 $179,900 (9.0%) $267,720 (4.5%) 0.41 169
2023-08-01 $194,575 (11.2%) $276,310 (7.9%) 0.45 189
2023-09-01 $177,450 (-8.5%) $271,466 (0.0%) 0.41 194
2023-10-01 $172,475 (-7.5%) $260,745 (4.1%) 0.41 212
2023-11-01 $179,950 (6.2%) $259,775 (13.2%) 0.43 217
2023-12-01 $168,950 (2.4%) $246,610 (6.0%) 0.41 193
2024-01-01 $169,100 (7.4%) $251,057 (7.8%) 0.41 172
2024-02-01 $174,925 (12.9%) $253,375 (7.0%) 0.42 166
2024-03-01 $180,000 (20.4%) $255,181 (7.7%) 0.42 183
2024-04-01 $198,675 (10.4%) $260,212 (3.7%) 0.46 199
2024-05-01 $214,975 (17.8%) $280,545 (5.4%) 0.49 208
2024-06-01 $207,500 (11.4%) $273,722 (-1.2%) 0.47 214
2024-07-01 $211,200 (17.4%) $278,215 (3.9%) 0.48 221
2024-08-01 $209,900 (7.9%) $273,936 (-0.9%) 0.49 240
2024-09-01 $209,075 (17.8%) $279,745 (3.1%) 0.49 259
2024-10-01 $199,125 (15.5%) $283,385 (8.7%) 0.47 248
2024-11-01 $189,950 (5.6%) $261,488 (0.7%) 0.46 269
2024-12-01 $164,950 (-2.4%) $242,993 (-1.5%) 0.41 256
2025-01-01 $173,425 (2.6%) $243,011 (-3.2%) 0.43 233
2025-02-01 $162,450 (-7.1%) $244,273 (-3.6%) 0.39 198
2025-03-01 $175,000 (-2.8%) $244,916 (-4.0%) 0.00 175
SPRINGFIELD's median listing price for 2025-03-01 was $175,000, a difference of $-5,000 (-2.8%) versus the prior year and $12,550 versus the prior month.

SPRINGFIELD's median listing price comes in at 0% of the national average.

SPRINGFIELD's average listing price for 2025-03-01 was $244,916, a difference of $-10,265 (-4.0%) versus the prior year and $643 versus the prior month.

For the 2025-03-01 period, SPRINGFIELD had 175 MLS listings, a difference of -23 listings (-12%) versus the prior month and -8 listings (-4%) 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 89 days 1,730 sqft
2018-02-01 90 days 1,763 sqft
2018-03-01 68 days 1,800 sqft
2018-04-01 59 days 1,802 sqft
2018-05-01 58 days 1,800 sqft
2018-06-01 53 days 1,841 sqft
2018-07-01 57 days 1,815 sqft
2018-08-01 63 days 1,806 sqft
2018-09-01 69 days 1,810 sqft
2018-10-01 74 days 1,831 sqft
2018-11-01 76 days 1,827 sqft
2018-12-01 81 days 1,736 sqft
2019-01-01 89 days 1,700 sqft
2019-02-01 93 days 1,700 sqft
2019-03-01 69 days 1,747 sqft
2019-04-01 51 days 1,816 sqft
2019-05-01 51 days 1,854 sqft
2019-06-01 53 days 1,864 sqft
2019-07-01 56 days 1,893 sqft
2019-08-01 61 days 1,890 sqft
2019-09-01 65 days 1,874 sqft
2019-10-01 67 days 1,873 sqft
2019-11-01 70 days 1,820 sqft
2019-12-01 75 days 1,771 sqft
2020-01-01 83 days 1,748 sqft
2020-02-01 82 days 1,740 sqft
2020-03-01 67 days 1,794 sqft
2020-04-01 67 days 1,800 sqft
2020-05-01 65 days 1,770 sqft
2020-06-01 52 days 1,862 sqft
2020-07-01 50 days 1,821 sqft
2020-08-01 52 days 1,714 sqft
2020-09-01 52 days 1,742 sqft
2020-10-01 51 days 1,688 sqft
2020-11-01 51 days 1,570 sqft
2020-12-01 58 days 1,526 sqft
2021-01-01 68 days 1,482 sqft
2021-02-01 74 days 1,445 sqft
2021-03-01 63 days 1,437 sqft
2021-04-01 39 days 1,421 sqft
2021-05-01 30 days 1,500 sqft
2021-06-01 31 days 1,559 sqft
2021-07-01 38 days 1,685 sqft
2021-08-01 31 days 1,676 sqft
2021-09-01 39 days 1,622 sqft
2021-10-01 39 days 1,602 sqft
2021-11-01 45 days 1,578 sqft
2021-12-01 50 days 1,631 sqft
2022-01-01 64 days 1,543 sqft
2022-02-01 46 days 1,562 sqft
2022-03-01 34 days 1,533 sqft
2022-04-01 26 days 1,607 sqft
2022-05-01 27 days 1,685 sqft
2022-06-01 36 days 1,721 sqft
2022-07-01 35 days 1,685 sqft
2022-08-01 42 days 1,749 sqft
2022-09-01 42 days 1,778 sqft
2022-10-01 39 days 1,786 sqft
2022-11-01 39 days 1,740 sqft
2022-12-01 45 days 1,710 sqft
2023-01-01 56 days 1,658 sqft
2023-02-01 54 days 1,677 sqft
2023-03-01 46 days 1,692 sqft
2023-04-01 39 days 1,700 sqft
2023-05-01 37 days 1,733 sqft
2023-06-01 37 days 1,787 sqft
2023-07-01 36 days 1,808 sqft
2023-08-01 33 days 1,882 sqft
2023-09-01 38 days 1,859 sqft
2023-10-01 40 days 1,844 sqft
2023-11-01 40 days 1,794 sqft
2023-12-01 49 days 1,741 sqft
2024-01-01 52 days 1,745 sqft
2024-02-01 43 days 1,759 sqft
2024-03-01 35 days 1,685 sqft
2024-04-01 32 days 1,733 sqft
2024-05-01 27 days 1,779 sqft
2024-06-01 38 days 1,825 sqft
2024-07-01 32 days 1,821 sqft
2024-08-01 36 days 1,863 sqft
2024-09-01 37 days 1,852 sqft
2024-10-01 38 days 1,855 sqft
2024-11-01 39 days 1,777 sqft
2024-12-01 46 days 1,649 sqft
2025-01-01 59 days 1,642 sqft
2025-02-01 60 days 1,641 sqft
2025-03-01 0 days 1,683 sqft
SPRINGFIELD's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

SPRINGFIELD's median square footage for active listings during the 2025-03-01 period was 1,683 sqft. One year prior, the average listing was 1,685 sqft.

SPRINGFIELD, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,668 $491,380,000 $184,175
Refi 526 $97,370,000 $185,114
Cash Out Refi 345 $46,735,000 $135,464
Home Improvement 295 $17,725,000 $60,085
Other 268 $16,860,000 $62,910

Springfield's most frequently cited loan purpose was Home Purchase, with 2,668 originations. The 2nd most popular reason was Refi, with 526 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,705 $321,185,000 $188,378
7-8% 842 $140,370,000 $166,710
Over 8% 490 $39,250,000 $80,102
5-6% 413 $66,995,000 $162,215
4-5% 40 $5,170,000 $129,250
<2.5% 34 $280,000 $8,235
3-4% 6 $490,000 $81,667
2.5-3% 2 $180,000 $90,000

During 2024, Springfield's most frequently originated rate bucket was 6-7%, with 1,705 originations.

Loan Sizing (SPRINGFIELD, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,516 $83,990,000 $55,402
$100k-200k 1,442 $209,010,000 $144,945
$200k-400k 941 $257,135,000 $273,257
$400k-600k 148 $69,060,000 $466,622
$600k-1000k 47 $33,865,000 $720,532
$Over $1MM 8 $17,010,000 $2,126,250

SPRINGFIELD's loan sizing saw the bucket of loans from $100,000 or less with 1,516 originations, totaling $83,990,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,660 $329,800,000 $198,675
60-80% 746 $137,960,000 $184,933
Under 20% 400 $14,450,000 $36,125
20-40% 370 $27,210,000 $73,541
40-60% 287 $46,125,000 $160,714
Over 100% 33 $10,545,000 $319,545

SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,660 originations, totaling $329,800,000 in origination value.