Sterling Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Sterling averaged 6.99% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 7.15% and one month ago for the week of 2024-06-06, the average rate was 6.79%.

Sterling's average rate one year ago was 6.81%.

For refis of the same type during the week of 2024-07-11, the average rate was 7.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Sterling 30 Year Fixed Rate 2024-07-11 6.99%
Sterling 30 Year Fixed Rate Refi 2024-07-11 7.19%
Sterling 15 Year Fixed Rate 2024-07-11 6.07%
Sterling 15 Year Fixed Rate Refi 2024-07-11 6.67%
Sterling 30 Year FHA 2024-07-11 6.69%
Sterling 30 Year FHA Refi 2024-07-11 6.86%
Sterling 30 Year USDA 2024-07-11 6.77%
Sterling 30 Year USDA Refi 2024-07-11 6.57%
Sterling 30 Year VA 2024-07-11 6.26%
Sterling 30 Year VA Refi 2024-07-11 6.36%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sterling, IL.

Sterling 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 Sterling, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
U.S. Bank 16 7.12% $2,710
GUILD MORTGAGE COMPANY 14 6.97% $5,454
Midland States Bank 13 7.10% $3,191
ASCENTRA 13 6.10% $2,055
Central Bank Illinois 12 6.65% $1,505
QUICKEN LOANS, LLC 8 7.39% $4,253
GREENSTATE CREDIT UNION 8 6.27% $1,922
BROKER SOLUTIONS, INC. 7 7.11% $5,528
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.87% $2,993
HOMESIDE FINANCIAL, LLC 5 6.83% $3,645
I. H. MISSISSIPPI VALLEY CREDIT UNION 4 6.75% $2,366
COMPASS MORTGAGE, INC. 3 6.75% $4,138
JPMorgan Chase Bank 3 6.71% $3,248
Community Mortgage Banc Corporation 3 7.25% $2,643
UNITED WHOLESALE MORTGAGE, LLC 3 7.70% $3,284
Wells Fargo Bank 3 6.29% $2,327
American Bank and Trust Company 2 6.31% $3,407
Fifth Third Bank 2 7.18% $3,396
Mr. Cooper ( Nationstar Mortgage ) 2 7.38% $4,756
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.81% $7,203
COMPEER FINANCIAL, FLCA 2 7.50% $2,922
NEWREZ LLC 2 7.50% $2,851
CALIBER HOME LOANS, INC. 2 6.38% $4,332
RUHL MORTGAGE, LLC 2 6.25% $3,422
ILLINOIS STATE CREDIT UNION 2 7.13% $1,939
Ixonia Bank 2 6.25% $3,960
Plains Commerce Bank 1 6.13% $3,654
PNC Bank 1 7.38% $2,525
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.38% $4,473
ROYAL UNITED MORTGAGE LLC 1 6.88% $9,600
Servion, Inc. 1 6.75% $3,076
Stillman Bank 1 6.35% $1,905
ZILLOW HOME LOANS, LLC 1 7.00% $4,885
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $5,752
AMERISAVE MORTGAGE CORPORATION 1 6.50% $6,455
Arvest Bank 1 6.38% $3,588
Barrington Bank & Trust Company, N.A. 1 7.88% $4,603
BMO Harris Bank 1 7.00% $3,167
Busey Bank 1 5.88% $2,403
CHERRY CREEK MORTGAGE, LLC 1 5.88% $649
CHURCHILL MORTGAGE CORPORATION 1 7.38% $2,884
Deere Employees Credit Union 1 6.88% $2,950
DUPACO COMMUNITY 1 6.38% $2,549
DuTrac Community Credit Union 1 5.88% $3,657
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.63% $2,927
FIRST NORTHERN Credit Union 1 7.00% $2,963
Flagstar Bank, FSB 1 6.63% $4,813
FLAT BRANCH MORTGAGE, INC. 1 6.50% $2,308
GENEVA FINANCIAL, LLC 1 7.50% $4,148
GUARANTEED RATE, INC. 1 6.53% $3,072
Key Mortgage Services, Inc. 1 6.00% $3,907
LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $3,435
LOANDEPOT.COM, LLC 1 6.63% $3,302
MICHIGAN MUTUAL, INC. 1 6.38% $3,016
MLD MORTGAGE INC. 1 7.25% $3,056
Morton Community Bank 1 6.63% $1,895
NAVY FEDERAL CREDIT UNION 1 5.50% $1,377
Ottawa Savings Bank 1 5.63% $2,378

Sterling Average Closing Costs & Other Stats

Sterling, IL's 58 lenders originated 666 loans during 2023. The total origination value was $68,670,000, with an average loan value of $103,108.

Sterling's average closing costs are $3,660.

The top Sterling lender as defined by loan originations is U.S. Bank, with 16 loans originated. Their average total fees are $2,710, which is $2,744 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Sterling lenders (with over 10 loans originated) are Central Bank Illinois ($1,505), ASCENTRA ($2,055), U.S. Bank ($2,710), Midland States Bank ($3,191) and GUILD MORTGAGE COMPANY ($5,454).

The lowest rate Sterling lenders (with over 10 loans originated) are ASCENTRA (6.10%), Central Bank Illinois (6.65%), GUILD MORTGAGE COMPANY (6.97%), Midland States Bank (7.10%) and U.S. Bank (7.12%).

Sterling, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Sauk Valley Bank & Trust Company $10,225,000 $8,005,000 -21.7% 11.7%
Central Bank Illinois $6,435,000 $4,825,000 -25.0% 7.0%
Farmers National Bank $6,330,000 $4,430,000 -30.0% 6.5%
QUICKEN LOANS, LLC $5,860,000 $3,760,000 -35.8% 5.5%
GUILD MORTGAGE COMPANY $3,595,000 n/a 5.2%
U.S. Bank $8,445,000 $3,370,000 -60.1% 4.9%
ASCENTRA $2,655,000 $2,775,000 4.5% 4.0%
Mortgage Research Center, LLC $3,850,000 $2,350,000 -39.0% 3.4%
GREENSTATE CREDIT UNION $1,825,000 $2,325,000 27.4% 3.4%
BROKER SOLUTIONS, INC. $1,890,000 $2,185,000 15.6% 3.2%
Midland States Bank $1,795,000 $2,040,000 13.6% 3.0%
CROSSCOUNTRY MORTGAGE, LLC $425,000 $1,705,000 301.2% 2.5%
UNITED WHOLESALE MORTGAGE, LLC $690,000 $1,360,000 97.1% 2.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $865,000 $1,325,000 53.2% 1.9%
HOMESIDE FINANCIAL, LLC $2,865,000 $1,055,000 -63.2% 1.5%
Morton Community Bank $2,825,000 $885,000 -68.7% 1.3%
RUHL MORTGAGE, LLC $340,000 $860,000 152.9% 1.3%
Ixonia Bank $5,135,000 $780,000 -84.8% 1.1%
LOANDEPOT.COM, LLC $1,170,000 $715,000 -38.9% 1.0%
NAVY FEDERAL CREDIT UNION $640,000 n/a 0.9%
COMPASS MORTGAGE, INC. $125,000 $600,000 380.0% 0.9%
CALIBER HOME LOANS, INC. $1,545,000 $595,000 -61.5% 0.9%
FREEDOM MORTGAGE CORPORATION $960,000 $560,000 -41.7% 0.8%
Key Mortgage Services, Inc. $290,000 $550,000 89.7% 0.8%
NEWREZ LLC $280,000 $535,000 91.1% 0.8%
Peoples National Bank of Kewanee $535,000 n/a 0.8%
Plains Commerce Bank $545,000 $505,000 -7.3% 0.7%
Barrington Bank & Trust Company, N.A. $485,000 $485,000 0.0% 0.7%
Flanagan State Bank $100,000 $485,000 385.0% 0.7%
I. H. MISSISSIPPI VALLEY CREDIT UNION $1,765,000 $485,000 -72.5% 0.7%
COMPEER FINANCIAL, FLCA $1,540,000 $470,000 -69.5% 0.7%
Wells Fargo Bank $825,000 $465,000 -43.6% 0.7%
Coulee Bank $455,000 n/a 0.7%
MUTUAL OF OMAHA MORTGAGE, INC. $260,000 $440,000 69.2% 0.6%
Fifth Third Bank $865,000 $425,000 -50.9% 0.6%
American Bank and Trust Company $95,000 $395,000 315.8% 0.6%
JPMorgan Chase Bank $1,015,000 $395,000 -61.1% 0.6%
Paramount Residential Mortgage Group, Inc. $105,000 $355,000 238.1% 0.5%
AMERISAVE MORTGAGE CORPORATION $770,000 $325,000 -57.8% 0.5%
ROYAL UNITED MORTGAGE LLC $545,000 $315,000 -42.2% 0.5%
PENNYMAC LOAN SERVICES, LLC $330,000 $305,000 -7.6% 0.4%
Community Mortgage Banc Corporation $615,000 $300,000 -51.2% 0.4%
Deere Employees Credit Union $1,300,000 $285,000 -78.1% 0.4%
Arvest Bank $275,000 n/a 0.4%
MID AMERICA MORTGAGE, INC. $265,000 n/a 0.4%
CHERRY CREEK MORTGAGE, LLC $470,000 $260,000 -44.7% 0.4%
GUARANTEED RATE, INC. $415,000 $250,000 -39.8% 0.4%
SENB Bank $250,000 n/a 0.4%
FIRST CENTENNIAL MORTGAGE CORPORATION $415,000 $245,000 -41.0% 0.4%
Blackhawk Bank $235,000 n/a 0.3%
DuTrac Community Credit Union $680,000 $230,000 -66.2% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $730,000 $230,000 -68.5% 0.3%
MARINE $225,000 $225,000 0.0% 0.3%
PNC Bank $500,000 $225,000 -55.0% 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $875,000 $220,000 -74.9% 0.3%
Cornerstone Credit Union $200,000 n/a 0.3%
Flagstar Bank, FSB $465,000 $180,000 -61.3% 0.3%
SUN WEST MORTGAGE COMPANY, INC. $180,000 n/a 0.3%
MICHIGAN MUTUAL, INC. $175,000 n/a 0.3%
First State Bank of Forrest $245,000 $170,000 -30.6% 0.2%
FIRST NORTHERN Credit Union $165,000 n/a 0.2%
FLAT BRANCH MORTGAGE, INC. $165,000 n/a 0.2%
PLANET HOME LENDING, LLC $165,000 n/a 0.2%
Servion, Inc. $125,000 $165,000 32.0% 0.2%
Busey Bank $155,000 n/a 0.2%
LEADERONE FINANCIAL CORPORATION $155,000 n/a 0.2%
STATE BANK OFTOULON $155,000 n/a 0.2%
TBK BANK, SSB $570,000 $155,000 -72.8% 0.2%
CARDINAL FINANCIAL $150,000 n/a 0.2%
PHH Mortgage Corporation $160,000 $145,000 -9.4% 0.2%
UNION HOME MORTGAGE CORP. $140,000 n/a 0.2%
CBI Bank & Trust $135,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $430,000 $135,000 -68.6% 0.2%
GENEVA FINANCIAL, LLC $135,000 n/a 0.2%
LENDINGHOME FUNDING CORPORATION $135,000 n/a 0.2%
MLD MORTGAGE INC. $135,000 n/a 0.2%
Equity Prime Mortgage LLC $125,000 n/a 0.2%
VILLAGE CAPITAL MORTGAGE $65,000 $125,000 92.3% 0.2%
Coastal Community Bank $120,000 n/a 0.2%
First State Bank $120,000 $120,000 0.0% 0.2%
CIBM Bank $115,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $145,000 $115,000 -20.7% 0.2%
PLAZA HOME MORTGAGE, INC. $610,000 $115,000 -81.1% 0.2%
The Bank of Missouri $115,000 n/a 0.2%
Blackhawk Bank & Trust $265,000 $110,000 -58.5% 0.2%
ILLINOIS STATE CREDIT UNION $85,000 $110,000 29.4% 0.2%
The Huntington National Bank $570,000 $110,000 -80.7% 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $105,000 n/a 0.2%
NBKC BANK $135,000 $105,000 -22.2% 0.2%
21ST MORTGAGE CORPORATION $105,000 $100,000 -4.8% 0.1%
Mortgage Assurance Inc. $95,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $95,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $75,000 $95,000 26.7% 0.1%
ACADEMY MORTGAGE CORPORATION $90,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $85,000 n/a 0.1%
DUPACO COMMUNITY $325,000 $80,000 -75.4% 0.1%
BMO Harris Bank $75,000 n/a 0.1%
Holcomb Bank $75,000 n/a 0.1%
Stillman Bank $210,000 $75,000 -64.3% 0.1%
LIMA ONE CAPITAL, LLC $65,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $75,000 $65,000 -13.3% 0.1%
Discover Bank $215,000 $55,000 -74.4% 0.1%
LAND HOME FINANCIAL SERVICES, INC. $55,000 n/a 0.1%
Ottawa Savings Bank $55,000 n/a 0.1%
USAA Federal Savings Bank $305,000 $55,000 -82.0% 0.1%
SPRING EQ, LLC $45,000 n/a 0.1%
CITIZENS EQUITY FIRST $35,000 n/a 0.1%
Figure Lending LLC $75,000 $35,000 -53.3% 0.1%
IAA Credit Union $35,000 n/a 0.1%
University of Wisconsin Credit Union $35,000 n/a 0.1%
Citizens Bank $220,000 $25,000 -88.6% 0.0%
First Central State Bank $1,060,000 $15,000 -98.6% 0.0%
WINGS FINANCIAL $95,000 $15,000 -84.2% 0.0%

Sterling's top lender by overall market share is Sauk Valley Bank & Trust Company, with 11.7% market share. In second place, with 7.0%, is Central Bank Illinois, having originated $4,825,000 in loans. In third place, with 6.5%, is Farmers National Bank, having originated $4,430,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $3,760,000 in loans. In fifth place, with 5.2%, is GUILD MORTGAGE COMPANY, having originated $3,595,000 in loans.


Sterling Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Sterling (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 $89,900 (-9.8%) $110,614 (-9.2%) 0.00 252
2018-02-01 $89,950 (-9.7%) $114,807 (-8.3%) 0.00 242
2018-03-01 $89,900 (-12.7%) $117,849 (-8.5%) 0.00 224
2018-04-01 $91,900 (-7.6%) $119,210 (-2.4%) 0.00 239
2018-05-01 $89,900 (-9.9%) $116,679 (-8.5%) 0.00 255
2018-06-01 $92,700 (-9.5%) $120,166 (-7.0%) 0.00 273
2018-07-01 $99,700 (-0.2%) $133,199 (6.0%) 0.00 281
2018-08-01 $90,625 (-9.1%) $128,083 (3.1%) 0.00 292
2018-09-01 $94,900 (0.0%) $128,076 (6.6%) 0.00 297
2018-10-01 $96,750 (3.4%) $127,088 (7.4%) 0.00 273
2018-11-01 $99,900 (11.1%) $132,930 (21.0%) 0.00 255
2018-12-01 $99,200 (10.3%) $131,538 (19.9%) 0.00 251
2019-01-01 $98,675 (9.8%) $132,295 (19.6%) 0.00 235
2019-02-01 $96,425 (7.2%) $133,296 (16.1%) 0.00 226
2019-03-01 $96,614 (7.5%) $131,145 (11.3%) 0.00 227
2019-04-01 $94,900 (3.3%) $127,440 (6.9%) 0.00 234
2019-05-01 $97,400 (8.3%) $128,539 (10.2%) 0.00 233
2019-06-01 $99,900 (7.8%) $132,365 (10.2%) 0.00 227
2019-07-01 $99,900 (0.2%) $136,961 (2.8%) 0.00 236
2019-08-01 $97,173 (7.2%) $135,370 (5.7%) 0.00 248
2019-09-01 $93,082 (-1.9%) $132,820 (3.7%) 0.00 268
2019-10-01 $90,175 (-6.8%) $130,708 (2.9%) 0.00 279
2019-11-01 $89,900 (-10.0%) $129,244 (-2.8%) 0.00 274
2019-12-01 $88,625 (-10.7%) $129,536 (-1.5%) 0.00 256
2020-01-01 $89,375 (-9.4%) $129,886 (-1.8%) 0.00 233
2020-02-01 $89,000 (-7.7%) $134,065 (0.6%) 0.00 210
2020-03-01 $89,700 (-7.2%) $134,300 (2.4%) 0.00 213
2020-04-01 $93,350 (-1.6%) $125,688 (-1.4%) 0.00 209
2020-05-01 $91,900 (-5.7%) $127,396 (-0.9%) 0.00 194
2020-06-01 $94,450 (-5.5%) $129,932 (-1.8%) 0.00 182
2020-07-01 $84,900 (-15.0%) $136,083 (-0.6%) 0.00 179
2020-08-01 $89,900 (-7.5%) $137,136 (1.3%) 0.00 182
2020-09-01 $89,900 (-3.4%) $137,987 (3.9%) 0.00 177
2020-10-01 $89,900 (-0.3%) $134,993 (3.3%) 0.00 167
2020-11-01 $85,225 (-5.2%) $144,353 (11.7%) 0.00 156
2020-12-01 $85,375 (-3.7%) $132,627 (2.4%) 0.00 156
2021-01-01 $83,900 (-6.1%) $125,209 (-3.6%) 0.00 138
2021-02-01 $84,925 (-4.6%) $120,703 (-10.0%) 0.00 121
2021-03-01 $79,900 (-10.9%) $133,002 (-1.0%) 0.00 93
2021-04-01 $79,900 (-14.4%) $133,321 (6.1%) 0.00 90
2021-05-01 $79,900 (-13.1%) $132,624 (4.1%) 0.00 92
2021-06-01 $99,900 (5.8%) $136,049 (4.7%) 0.00 96
2021-07-01 $104,900 (23.6%) $129,736 (-4.7%) 0.00 108
2021-08-01 $110,000 (22.4%) $144,557 (5.4%) 0.00 120
2021-09-01 $112,450 (25.1%) $144,677 (4.9%) 0.00 120
2021-10-01 $107,900 (20.0%) $148,544 (10.0%) 0.00 108
2021-11-01 $114,900 (34.8%) $158,318 (9.7%) 0.00 117
2021-12-01 $99,350 (16.4%) $147,074 (10.9%) 0.00 120
2022-01-01 $102,900 (22.7%) $152,532 (21.8%) 0.00 103
2022-02-01 $101,824 (19.9%) $158,640 (31.4%) 0.00 83
2022-03-01 $95,625 (19.7%) $168,810 (26.9%) 0.00 73
2022-04-01 $105,000 (31.4%) $170,427 (27.8%) 0.00 68
2022-05-01 $117,400 (46.9%) $161,558 (21.8%) 0.00 85
2022-06-01 $117,400 (17.5%) $160,405 (17.9%) 0.00 95
2022-07-01 $119,900 (14.3%) $164,474 (26.8%) 0.00 112
2022-08-01 $131,150 (19.2%) $168,564 (16.6%) 0.00 126
2022-09-01 $132,400 (17.7%) $170,282 (17.7%) 0.00 126
2022-10-01 $134,900 (25.0%) $179,980 (21.2%) 0.00 121
2022-11-01 $139,700 (21.6%) $183,577 (16.0%) 0.00 116
2022-12-01 $129,900 (30.8%) $165,340 (12.4%) 0.00 106
2023-01-01 $119,975 (16.6%) $158,329 (3.8%) 0.00 102
2023-02-01 $119,900 (17.8%) $163,589 (3.1%) 0.00 99
2023-03-01 $141,625 (48.1%) $175,535 (4.0%) 0.00 85
2023-04-01 $148,700 (41.6%) $187,930 (10.3%) 0.00 65
2023-05-01 $139,300 (18.7%) $196,762 (21.8%) 0.00 72
2023-06-01 $137,900 (17.5%) $186,068 (16.0%) 0.00 77
2023-07-01 $133,400 (11.3%) $174,525 (6.1%) 0.00 85
2023-08-01 $133,900 (2.1%) $172,919 (2.6%) 0.00 91
2023-09-01 $139,900 (5.7%) $185,364 (8.9%) 0.00 87
2023-10-01 $148,100 (9.8%) $186,755 (3.8%) 0.00 86
2023-11-01 $149,450 (7.0%) $185,916 (1.3%) 0.00 74
2023-12-01 $145,000 (11.6%) $181,150 (9.6%) 0.00 75
2024-01-01 $142,450 (18.7%) $178,802 (12.9%) 0.00 77
2024-02-01 $143,675 (19.8%) $177,472 (8.5%) 0.00 69
2024-03-01 $139,900 (-1.2%) $173,745 (-1.0%) 0.00 61
2024-04-01 $144,900 (-2.6%) $191,504 (1.9%) 0.00 62
2024-05-01 $146,150 (4.9%) $187,228 (-4.9%) 0.00 67
2024-06-01 $139,900 (1.5%) $208,752 (12.2%) 0.00 79
Sterling's median listing price for 2024-06-01 was $139,900, a difference of $2,000 (1.5%) versus the prior year and $-6,250 versus the prior month.

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

Sterling's average listing price for 2024-06-01 was $208,752, a difference of $22,684 (12.2%) versus the prior year and $21,524 versus the prior month.

For the 2024-06-01 period, Sterling had 79 MLS listings, a difference of 12 listings (18%) versus the prior month and 2 listings (3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,424 sqft
2018-02-01 0 days 1,443 sqft
2018-03-01 0 days 1,448 sqft
2018-04-01 0 days 1,486 sqft
2018-05-01 0 days 1,442 sqft
2018-06-01 0 days 1,443 sqft
2018-07-01 0 days 1,459 sqft
2018-08-01 0 days 1,439 sqft
2018-09-01 0 days 1,490 sqft
2018-10-01 0 days 1,501 sqft
2018-11-01 0 days 1,486 sqft
2018-12-01 0 days 1,487 sqft
2019-01-01 0 days 1,454 sqft
2019-02-01 0 days 1,400 sqft
2019-03-01 0 days 1,398 sqft
2019-04-01 0 days 1,393 sqft
2019-05-01 0 days 1,401 sqft
2019-06-01 0 days 1,419 sqft
2019-07-01 0 days 1,515 sqft
2019-08-01 0 days 1,485 sqft
2019-09-01 0 days 1,465 sqft
2019-10-01 0 days 1,454 sqft
2019-11-01 0 days 1,472 sqft
2019-12-01 0 days 1,466 sqft
2020-01-01 0 days 1,464 sqft
2020-02-01 0 days 1,450 sqft
2020-03-01 0 days 1,456 sqft
2020-04-01 0 days 1,455 sqft
2020-05-01 0 days 1,450 sqft
2020-06-01 0 days 1,519 sqft
2020-07-01 0 days 1,454 sqft
2020-08-01 0 days 1,466 sqft
2020-09-01 0 days 1,479 sqft
2020-10-01 0 days 1,464 sqft
2020-11-01 0 days 1,436 sqft
2020-12-01 0 days 1,400 sqft
2021-01-01 0 days 1,400 sqft
2021-02-01 0 days 1,405 sqft
2021-03-01 0 days 1,382 sqft
2021-04-01 0 days 1,367 sqft
2021-05-01 0 days 1,353 sqft
2021-06-01 0 days 1,386 sqft
2021-07-01 0 days 1,440 sqft
2021-08-01 0 days 1,500 sqft
2021-09-01 0 days 1,473 sqft
2021-10-01 0 days 1,469 sqft
2021-11-01 0 days 1,489 sqft
2021-12-01 0 days 1,478 sqft
2022-01-01 0 days 1,477 sqft
2022-02-01 0 days 1,461 sqft
2022-03-01 0 days 1,402 sqft
2022-04-01 0 days 1,475 sqft
2022-05-01 0 days 1,397 sqft
2022-06-01 0 days 1,418 sqft
2022-07-01 0 days 1,496 sqft
2022-08-01 0 days 1,493 sqft
2022-09-01 0 days 1,528 sqft
2022-10-01 0 days 1,501 sqft
2022-11-01 0 days 1,530 sqft
2022-12-01 0 days 1,522 sqft
2023-01-01 0 days 1,469 sqft
2023-02-01 0 days 1,459 sqft
2023-03-01 0 days 1,491 sqft
2023-04-01 0 days 1,500 sqft
2023-05-01 0 days 1,564 sqft
2023-06-01 0 days 1,465 sqft
2023-07-01 0 days 1,501 sqft
2023-08-01 0 days 1,564 sqft
2023-09-01 0 days 1,596 sqft
2023-10-01 0 days 1,588 sqft
2023-11-01 0 days 1,566 sqft
2023-12-01 0 days 1,560 sqft
2024-01-01 0 days 1,546 sqft
2024-02-01 0 days 1,544 sqft
2024-03-01 0 days 1,526 sqft
2024-04-01 0 days 1,405 sqft
2024-05-01 0 days 1,556 sqft
2024-06-01 0 days 1,620 sqft
Sterling's median listing age (time on market) for 2024-06-01 was 0 days.

Sterling's median square footage for active listings during the 2024-06-01 period was 1,620 sqft. One year prior, the average listing was 1,465 sqft.

Sterling, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 457 $53,455,000 $116,969
Refi 79 $7,735,000 $97,911
Cash Out Refi 66 $5,020,000 $76,061
Other 38 $1,590,000 $41,842
Home Improvement 26 $870,000 $33,462

Sterling's most frequently cited loan purpose was Home Purchase, with 457 originations. The 2nd most popular reason was Refi, with 79 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 216 $25,810,000 $119,491
7-8% 161 $19,255,000 $119,596
Over 8% 58 $2,790,000 $48,103
5-6% 42 $5,420,000 $129,048
<2.5% 19 $145,000 $7,632
4-5% 3 $415,000 $138,333
3-4% 3 $115,000 $38,333

During 2023, Sterling's most frequently originated rate bucket was 6-7%, with 216 originations.

Loan Sizing (Sterling, IL MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 372 $20,330,000 $54,651
$100k-200k 243 $34,015,000 $139,979
$200k-400k 44 $11,070,000 $251,591
$400k-600k 7 $3,255,000 $465,000

Sterling's loan sizing saw the bucket of loans from $100,000 or less with 372 originations, totaling $20,330,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 280 $36,540,000 $130,500
60-80% 83 $10,025,000 $120,783
Under 20% 62 $1,190,000 $19,194
20-40% 36 $1,950,000 $54,167
40-60% 30 $2,330,000 $77,667
Over 100% 10 $1,460,000 $146,000

Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 280 originations, totaling $36,540,000 in origination value.