Sterling Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sterling averaged
6.6%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.59% and
one month ago for the week of 2024-11-07, the
average rate was 6.69%.
Sterling's average rate one year ago was 6.93%.
For refis of the same type during the week of 2024-12-12, the average rate
was 6.8%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Sterling 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Sterling 30 Year Fixed Rate Refi | 2024-12-12 | 6.8% |
Sterling 15 Year Fixed Rate | 2024-12-12 | 5.84% |
Sterling 15 Year Fixed Rate Refi | 2024-12-12 | 5.74% |
Sterling 30 Year FHA | 2024-12-12 | 6.32% |
Sterling 30 Year FHA Refi | 2024-12-12 | 6.38% |
Sterling 30 Year USDA | 2024-12-12 | 6.4% |
Sterling 30 Year USDA Refi | 2024-12-12 | 6.3% |
Sterling 30 Year VA | 2024-12-12 | 6.28% |
Sterling 30 Year VA Refi | 2024-12-12 | 5.88% |
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 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. 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 | $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%) | $205,868 (10.6%) | 0.00 | 79 |
2024-07-01 | $146,975 (10.2%) | $205,549 (17.8%) | 0.00 | 98 |
2024-08-01 | $157,450 (17.6%) | $217,160 (25.6%) | 0.00 | 115 |
2024-09-01 | $152,725 (9.2%) | $210,722 (13.7%) | 0.00 | 117 |
2024-10-01 | $142,400 (-3.9%) | $203,489 (9.0%) | 0.00 | 127 |
2024-11-01 | $146,500 (-2.0%) | $195,611 (5.2%) | 0.00 | 129 |
Sterling's median listing price comes in at 0% of the national average.
Sterling's average listing price for 2024-11-01 was $195,611, a difference of $9,695 (5.2%) versus the prior year and $-7,878 versus the prior month.
For the 2024-11-01 period, Sterling had 129 MLS listings, a difference of 2 listings (2%) versus the prior month and 55 listings (74%) 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 | 1,439 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 | 1,600 sqft |
2024-07-01 | 0 days | 1,585 sqft |
2024-08-01 | 0 days | 1,671 sqft |
2024-09-01 | 0 days | 1,554 sqft |
2024-10-01 | 0 days | 1,544 sqft |
2024-11-01 | 0 days | 1,545 sqft |
Sterling's median square footage for active listings during the 2024-11-01 period was 1,545 sqft. One year prior, the average listing was 1,566 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.