Sterling Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sterling averaged
6.78%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.97% and
one month ago for the week of 2023-08-17, the
average rate was 6.68%.
Sterling's average rate one year ago was 5.91%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.19%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Sterling 30 Year Fixed Rate | 2023-09-21 | 6.78% |
Sterling 30 Year Fixed Rate Refi | 2023-09-21 | 7.19% |
Sterling 15 Year Fixed Rate | 2023-09-21 | 6.44% |
Sterling 15 Year Fixed Rate Refi | 2023-09-21 | 7.14% |
Sterling 30 Year FHA | 2023-09-21 | 6.8% |
Sterling 30 Year FHA Refi | 2023-09-21 | 7.14% |
Sterling 30 Year USDA | 2023-09-21 | 7.12% |
Sterling 30 Year USDA Refi | 2023-09-21 | 6.82% |
Sterling 30 Year VA | 2023-09-21 | 6.82% |
Sterling 30 Year VA Refi | 2023-09-21 | 6.92% |
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.).
Sterling Average Closing Costs & Other Stats
Sterling, IL's 73 lenders originated 904
loans during 2022. The total origination value was $104,650,000, with an average loan value of
$115,763.
Sterling's average closing costs are $3,561.
The top Sterling lender as defined by loan originations is U.S. Bank, with
29 loans originated. Their average total fees are
$2,497, which is $612
higher than the next largest lender,
ASCENTRA.
The lowest fee Sterling lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($1,867), ASCENTRA ($1,885), U.S. Bank ($2,497), QUICKEN LOANS, LLC ($4,921) and .
The lowest rate Sterling lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION (3.89%), ASCENTRA (3.96%), U.S. Bank (5.14%), QUICKEN LOANS, LLC (5.17%) and .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Sauk Valley Bank & Trust Company | $16,545,000 | $10,225,000 | -38.2% | 9.8% |
U.S. Bank | $16,910,000 | $8,445,000 | -50.1% | 8.1% |
Central Bank Illinois | $6,550,000 | $6,435,000 | -1.8% | 6.1% |
Farmers National Bank | $13,495,000 | $6,330,000 | -53.1% | 6.0% |
QUICKEN LOANS, LLC | $9,805,000 | $5,860,000 | -40.2% | 5.6% |
Ixonia Bank | $8,555,000 | $5,135,000 | -40.0% | 4.9% |
Mortgage Research Center, LLC | $5,340,000 | $3,850,000 | -27.9% | 3.7% |
HOMESIDE FINANCIAL, LLC | $6,810,000 | $2,865,000 | -57.9% | 2.7% |
Morton Community Bank | $2,270,000 | $2,825,000 | 24.4% | 2.7% |
ASCENTRA | $4,005,000 | $2,655,000 | -33.7% | 2.5% |
FINANCE OF AMERICA MORTGAGE LLC | $4,210,000 | $2,590,000 | -38.5% | 2.5% |
Waterstone Mortgage Corporation | $2,120,000 | n/a | 2.0% | |
BROKER SOLUTIONS, INC. | $1,045,000 | $1,890,000 | 80.9% | 1.8% |
GREENSTATE CREDIT UNION | $1,465,000 | $1,825,000 | 24.6% | 1.7% |
Midland States Bank | $2,690,000 | $1,795,000 | -33.3% | 1.7% |
Vibrant Credit Union | $1,640,000 | $1,780,000 | 8.5% | 1.7% |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $2,945,000 | $1,765,000 | -40.1% | 1.7% |
CALIBER HOME LOANS, INC. | $2,670,000 | $1,545,000 | -42.1% | 1.5% |
COMPEER FINANCIAL, FLCA | $685,000 | $1,540,000 | 124.8% | 1.5% |
Deere Employees Credit Union | $500,000 | $1,300,000 | 160.0% | 1.2% |
LOANDEPOT.COM, LLC | $2,190,000 | $1,170,000 | -46.6% | 1.1% |
First Central State Bank | $1,605,000 | $1,060,000 | -34.0% | 1.0% |
JPMorgan Chase Bank | $930,000 | $1,015,000 | 9.1% | 1.0% |
FREEDOM MORTGAGE CORPORATION | $3,155,000 | $960,000 | -69.6% | 0.9% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $835,000 | $875,000 | 4.8% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $595,000 | $865,000 | 45.4% | 0.8% |
Fifth Third Bank | $980,000 | $865,000 | -11.7% | 0.8% |
Wells Fargo Bank | $1,800,000 | $825,000 | -54.2% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $950,000 | $770,000 | -18.9% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $1,615,000 | $730,000 | -54.8% | 0.7% |
Bankers' Bank | $540,000 | $690,000 | 27.8% | 0.7% |
UNITED WHOLESALE MORTGAGE, LLC | $1,550,000 | $690,000 | -55.5% | 0.7% |
DuTrac Community Credit Union | $525,000 | $680,000 | 29.5% | 0.6% |
Community Mortgage Banc Corporation | $855,000 | $615,000 | -28.1% | 0.6% |
PLAZA HOME MORTGAGE, INC. | $115,000 | $610,000 | 430.4% | 0.6% |
TBK BANK, SSB | $295,000 | $570,000 | 93.2% | 0.5% |
The Huntington National Bank | $85,000 | $570,000 | 570.6% | 0.5% |
Plains Commerce Bank | $845,000 | $545,000 | -35.5% | 0.5% |
ROYAL UNITED MORTGAGE LLC | $285,000 | $545,000 | 91.2% | 0.5% |
PNC Bank | $105,000 | $500,000 | 376.2% | 0.5% |
Barrington Bank & Trust Company, N.A. | $370,000 | $485,000 | 31.1% | 0.5% |
CHERRY CREEK MORTGAGE, LLC | $470,000 | n/a | 0.4% | |
Flagstar Bank, FSB | $515,000 | $465,000 | -9.7% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $135,000 | $430,000 | 218.5% | 0.4% |
CROSSCOUNTRY MORTGAGE, LLC | $425,000 | n/a | 0.4% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $305,000 | $415,000 | 36.1% | 0.4% |
GUARANTEED RATE, INC. | $740,000 | $415,000 | -43.9% | 0.4% |
CMG MORTGAGE, INC. | $370,000 | n/a | 0.4% | |
INLAND BANK & TRUST | $360,000 | n/a | 0.3% | |
Midwest Community Bank | $430,000 | $355,000 | -17.4% | 0.3% |
RUHL MORTGAGE, LLC | $1,055,000 | $340,000 | -67.8% | 0.3% |
Mid-Continent Funding, Inc. | $335,000 | n/a | 0.3% | |
The Federal Savings Bank | $335,000 | n/a | 0.3% | |
Marine Bank | $225,000 | $330,000 | 46.7% | 0.3% |
PENNYMAC LOAN SERVICES, LLC | $470,000 | $330,000 | -29.8% | 0.3% |
DUPACO COMMUNITY | $325,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $1,170,000 | $305,000 | -73.9% | 0.3% |
FIRST STATE MORTGAGE SERVICES, LLC | $295,000 | n/a | 0.3% | |
R.I.A. Federal Credit Union | $515,000 | $295,000 | -42.7% | 0.3% |
Key Mortgage Services, Inc. | $770,000 | $290,000 | -62.3% | 0.3% |
HOME POINT FINANCIAL CORPORATION | $200,000 | $280,000 | 40.0% | 0.3% |
NEWREZ LLC | $1,050,000 | $280,000 | -73.3% | 0.3% |
Blackhawk Bank & Trust | $265,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $210,000 | $260,000 | 23.8% | 0.2% |
T2 FINANCIAL LLC | $255,000 | n/a | 0.2% | |
BOKF | $245,000 | n/a | 0.2% | |
First State Bank of Forrest | $310,000 | $245,000 | -21.0% | 0.2% |
Neighborhood Loans, Inc. | $235,000 | n/a | 0.2% | |
CIVIC FINANCIAL SERVICES, LLC | $210,000 | $225,000 | 7.1% | 0.2% |
MARINE | $25,000 | $225,000 | 800.0% | 0.2% |
Old Second National Bank | $85,000 | $225,000 | 164.7% | 0.2% |
Citizens Bank | $220,000 | n/a | 0.2% | |
Discover Bank | $165,000 | $215,000 | 30.3% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $85,000 | $215,000 | 152.9% | 0.2% |
RF Renovo Management Company, LLC | $215,000 | n/a | 0.2% | |
Stillman BancCorp N.A. | $280,000 | $210,000 | -25.0% | 0.2% |
First American Bank | $25,000 | $205,000 | 720.0% | 0.2% |
MidAmerica National Bank | $205,000 | n/a | 0.2% | |
MOVEMENT MORTGAGE, LLC | $125,000 | $195,000 | 56.0% | 0.2% |
Regions Bank | $195,000 | n/a | 0.2% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $185,000 | n/a | 0.2% | |
First Federal Bank | $125,000 | $175,000 | 40.0% | 0.2% |
Allied First Bank,sb | $165,000 | n/a | 0.2% | |
AMERICAN FINANCING CORPORATION | $165,000 | n/a | 0.2% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $410,000 | $165,000 | -59.8% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $165,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $160,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $1,170,000 | $145,000 | -87.6% | 0.1% |
Bank of America | $125,000 | $135,000 | 8.0% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $135,000 | n/a | 0.1% | |
NBKC BANK | $135,000 | n/a | 0.1% | |
SIRVA MORTGAGE, INC. | $135,000 | n/a | 0.1% | |
BNC National Bank | $805,000 | $125,000 | -84.5% | 0.1% |
COMPASS MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $125,000 | n/a | 0.1% | |
Servion, Inc. | $35,000 | $125,000 | 257.1% | 0.1% |
First State Bank | $165,000 | $120,000 | -27.3% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $200,000 | $120,000 | -40.0% | 0.1% |
First Savings Bank | $115,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $15,000 | $105,000 | 600.0% | 0.1% |
ENDEAVOR CAPITAL, LLC. | $105,000 | n/a | 0.1% | |
MEMBER FIRST MORTGAGE, LLC | $280,000 | $105,000 | -62.5% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $470,000 | $105,000 | -77.7% | 0.1% |
Flanagan State Bank | $650,000 | $100,000 | -84.6% | 0.1% |
American Bank and Trust Company | $430,000 | $95,000 | -77.9% | 0.1% |
Bank of England | $155,000 | $95,000 | -38.7% | 0.1% |
Carrington Mortgage Services, LLC | $405,000 | $95,000 | -76.5% | 0.1% |
CRESCENT MORTGAGE COMPANY | $95,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $270,000 | $95,000 | -64.8% | 0.1% |
WINGS FINANCIAL | $95,000 | n/a | 0.1% | |
Ally Bank | $85,000 | n/a | 0.1% | |
ILLINOIS STATE CREDIT UNION | $65,000 | $85,000 | 30.8% | 0.1% |
ENVOY MORTGAGE, LTD | $420,000 | $75,000 | -82.1% | 0.1% |
Figure Lending LLC | $90,000 | $75,000 | -16.7% | 0.1% |
First Federal Savings Bank | $565,000 | $75,000 | -86.7% | 0.1% |
SUCCESS MORTGAGE PARTNERS, INC. | $75,000 | $75,000 | 0.0% | 0.1% |
ZILLOW HOME LOANS, LLC | $75,000 | n/a | 0.1% | |
THRIVENT Federal Credit Union | $145,000 | $65,000 | -55.2% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $725,000 | $65,000 | -91.0% | 0.1% |
Fidelity Bank & Trust | $55,000 | n/a | 0.1% | |
Union Savings Bank | $205,000 | $45,000 | -78.0% | 0.0% |
NORTHWEST BANK OF ROCKFORD | $35,000 | n/a | 0.0% | |
Transportation Federal Credit Union | $35,000 | n/a | 0.0% |
Sterling's top lender by overall market share is Sauk Valley Bank & Trust Company, with 9.8% market share. In second place, with 8.1%, is U.S. Bank, having originated $8,445,000 in loans. In third place, with 6.1%, is Central Bank Illinois, having originated $6,435,000 in loans. In fourth place, with 6.0%, is Farmers National Bank, having originated $6,330,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $5,860,000 in loans.
Sterling Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | $89,998 (-9.7%) | $127,828 (2.9%) | 0.00 | 293 |
2018-09-01 | $94,900 (0.0%) | $127,829 (6.4%) | 0.00 | 298 |
2018-10-01 | $96,575 (3.2%) | $126,820 (7.2%) | 0.00 | 274 |
2018-11-01 | $99,900 (11.1%) | $132,617 (20.8%) | 0.00 | 256 |
2018-12-01 | $99,200 (10.3%) | $131,227 (19.7%) | 0.00 | 252 |
2019-01-01 | $98,675 (9.8%) | $132,628 (19.9%) | 0.00 | 237 |
2019-02-01 | $96,425 (7.2%) | $133,640 (16.4%) | 0.00 | 228 |
2019-03-01 | $96,614 (7.5%) | $131,493 (11.6%) | 0.00 | 229 |
2019-04-01 | $94,900 (3.3%) | $127,804 (7.2%) | 0.00 | 236 |
2019-05-01 | $97,400 (8.3%) | $129,233 (10.8%) | 0.00 | 234 |
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 (8.0%) | $135,370 (5.9%) | 0.00 | 248 |
2019-09-01 | $93,082 (-1.9%) | $132,820 (3.9%) | 0.00 | 268 |
2019-10-01 | $90,175 (-6.6%) | $130,708 (3.1%) | 0.00 | 279 |
2019-11-01 | $89,900 (-10.0%) | $129,244 (-2.5%) | 0.00 | 274 |
2019-12-01 | $88,625 (-10.7%) | $129,536 (-1.3%) | 0.00 | 256 |
2020-01-01 | $89,375 (-9.4%) | $129,886 (-2.1%) | 0.00 | 233 |
2020-02-01 | $89,000 (-7.7%) | $134,065 (0.3%) | 0.00 | 210 |
2020-03-01 | $89,700 (-7.2%) | $134,300 (2.1%) | 0.00 | 213 |
2020-04-01 | $93,350 (-1.6%) | $125,688 (-1.7%) | 0.00 | 209 |
2020-05-01 | $91,900 (-5.7%) | $127,396 (-1.4%) | 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%) | $158,975 (10.1%) | 0.00 | 117 |
2021-12-01 | $99,575 (16.6%) | $148,412 (11.9%) | 0.00 | 121 |
2022-01-01 | $103,950 (23.9%) | $154,284 (23.2%) | 0.00 | 104 |
2022-02-01 | $103,198 (21.5%) | $160,429 (32.9%) | 0.00 | 84 |
2022-03-01 | $96,475 (20.7%) | $170,772 (28.4%) | 0.00 | 74 |
2022-04-01 | $107,450 (34.5%) | $172,194 (29.2%) | 0.00 | 69 |
2022-05-01 | $117,400 (46.9%) | $163,221 (23.1%) | 0.00 | 86 |
2022-06-01 | $117,450 (17.6%) | $161,857 (19.0%) | 0.00 | 96 |
2022-07-01 | $119,900 (14.3%) | $165,636 (27.7%) | 0.00 | 113 |
2022-08-01 | $132,400 (20.4%) | $169,714 (17.4%) | 0.00 | 127 |
2022-09-01 | $133,650 (18.9%) | $171,413 (18.5%) | 0.00 | 127 |
2022-10-01 | $134,900 (25.0%) | $181,096 (21.9%) | 0.00 | 122 |
2022-11-01 | $141,075 (22.8%) | $184,670 (16.2%) | 0.00 | 116 |
2022-12-01 | $129,900 (30.5%) | $166,755 (12.4%) | 0.00 | 107 |
2023-01-01 | $121,225 (16.6%) | $159,761 (3.6%) | 0.00 | 103 |
2023-02-01 | $119,900 (16.2%) | $163,589 (2.0%) | 0.00 | 99 |
2023-03-01 | $141,625 (46.8%) | $175,535 (2.8%) | 0.00 | 85 |
2023-04-01 | $148,700 (38.4%) | $188,494 (9.5%) | 0.00 | 66 |
2023-05-01 | $141,150 (20.2%) | $198,365 (21.5%) | 0.00 | 73 |
2023-06-01 | $138,450 (17.9%) | $186,814 (15.4%) | 0.00 | 78 |
2023-07-01 | $133,400 (11.3%) | $174,525 (5.4%) | 0.00 | 86 |
2023-08-01 | $133,900 (1.1%) | $172,919 (1.9%) | 0.00 | 91 |
Sterling's median listing price comes in at 0% of the national average.
Sterling's average listing price for 2023-08-01 was $172,919, a difference of $3,205 (1.9%) versus the prior year and $-1,606 versus the prior month.
For the 2023-08-01 period, Sterling had 91 MLS listings, a difference of 5 listings (6%) versus the prior month and -36 listings (-28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 1,438 sqft |
2018-09-01 | 0 days | 1,489 sqft |
2018-10-01 | 0 days | 1,501 sqft |
2018-11-01 | 0 days | 1,483 sqft |
2018-12-01 | 0 days | 1,484 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 | 1,479 sqft |
2022-01-01 | 0 days | 1,478 sqft |
2022-02-01 | 0 days | 1,468 sqft |
2022-03-01 | 0 days | 1,416 sqft |
2022-04-01 | 0 days | 1,486 sqft |
2022-05-01 | 0 days | 1,400 sqft |
2022-06-01 | 0 days | 1,434 sqft |
2022-07-01 | 0 days | 1,498 sqft |
2022-08-01 | 0 days | 1,495 sqft |
2022-09-01 | 0 days | 1,534 sqft |
2022-10-01 | 0 days | 1,502 sqft |
2022-11-01 | 0 days | 1,533 sqft |
2022-12-01 | 0 days | 1,532 sqft |
2023-01-01 | 0 days | 1,474 sqft |
2023-02-01 | 0 days | 1,459 sqft |
2023-03-01 | 0 days | 1,491 sqft |
2023-04-01 | 0 days | 1,505 sqft |
2023-05-01 | 0 days | 1,555 sqft |
2023-06-01 | 0 days | 1,468 sqft |
2023-07-01 | 0 days | 1,501 sqft |
2023-08-01 | 0 days | 1,564 sqft |
Sterling's median square footage for active listings during the 2023-08-01 period was 1,564 sqft. One year prior, the average listing was 1,495 sqft.
Sterling, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 565 | $74,085,000 | $131,124 |
Refi | 131 | $11,785,000 | $89,962 |
Cash Out Refi | 106 | $13,070,000 | $123,302 |
Home Improvement | 56 | $3,150,000 | $56,250 |
Other | 46 | $2,560,000 | $55,652 |
Sterling's most frequently cited loan purpose was Home Purchase, with 565 originations. The 2nd most popular reason was Refi, with 131 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 215 | $26,515,000 | $123,326 |
4-5% | 166 | $20,230,000 | $121,867 |
3-4% | 144 | $18,940,000 | $131,528 |
6-7% | 94 | $10,520,000 | $111,915 |
<2.5% | 34 | $1,500,000 | $44,118 |
7-8% | 33 | $4,295,000 | $130,152 |
2.5-3% | 25 | $3,075,000 | $123,000 |
Over 8% | 18 | $630,000 | $35,000 |
During 2022, Sterling's most frequently originated rate bucket was 5-6%, with 215 originations.
Loan Sizing (Sterling, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 447 | $25,385,000 | $56,790 |
$100k-200k | 353 | $48,785,000 | $138,201 |
$200k-400k | 93 | $24,375,000 | $262,097 |
$400k-600k | 9 | $4,015,000 | $446,111 |
$600k-1000k | 1 | $965,000 | $965,000 |
$Over $1MM | 1 | $1,125,000 | $1,125,000 |
Sterling's loan sizing saw the bucket of loans from $100,000 or less with 447 originations, totaling $25,385,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 388 | $53,740,000 | $138,505 |
60-80% | 143 | $18,875,000 | $131,993 |
Under 20% | 67 | $1,925,000 | $28,731 |
20-40% | 56 | $3,190,000 | $56,964 |
40-60% | 51 | $4,085,000 | $80,098 |
Over 100% | 11 | $2,335,000 | $212,273 |
Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 388 originations, totaling $53,740,000 in origination value.