Taylorville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Taylorville averaged
6.7%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.53% and
one month ago for the week of 2024-10-03, the
average rate was 6.13%.
Taylorville's average rate one year ago was 7.77%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Taylorville 30 Year Fixed Rate | 2024-11-07 | 6.7% |
| Taylorville 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Taylorville 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Taylorville 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Taylorville 30 Year FHA | 2024-11-07 | 6.55% |
| Taylorville 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Taylorville 30 Year USDA | 2024-11-07 | 6.28% |
| Taylorville 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Taylorville 30 Year VA | 2024-11-07 | 6.24% |
| Taylorville 30 Year VA Refi | 2024-11-07 | 6.14% |
Taylorville 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 Taylorville, 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.).
Taylorville Average Closing Costs & Other Stats
Taylorville, IL's 36 lenders originated 413
loans during 2023. The total origination value was $43,515,000, with an average loan value of
$105,363.
Taylorville's average closing costs are $3,432.
The top Taylorville lender as defined by loan originations is Heartland Bank and Trust Company, with
13 loans originated. Their average total fees are
$2,246, which is $41
higher than the next largest lender,
CNB Bank And Trust, N.A..
The lowest fee Taylorville lenders (with over 10 loans originated) are
Heartland Bank and Trust Company ($2,246), .
The lowest rate Taylorville lenders (with over 10 loans originated) are
Heartland Bank and Trust Company (6.67%), .
Taylorville, 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 |
|---|---|---|---|---|
| First National Bank of Pana | $5,705,000 | n/a | 13.1% | |
| Regions Bank | $2,430,000 | $2,920,000 | 20.2% | 6.7% |
| FLAT BRANCH MORTGAGE, INC. | $1,875,000 | $2,460,000 | 31.2% | 5.7% |
| CNB Bank And Trust, N.A. | $3,700,000 | $2,235,000 | -39.6% | 5.1% |
| Mortgage Research Center, LLC | $2,615,000 | $2,150,000 | -17.8% | 4.9% |
| Heartland Bank and Trust Company | $2,000,000 | n/a | 4.6% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $2,605,000 | $1,975,000 | -24.2% | 4.5% |
| United Community Bank | $2,000,000 | $1,890,000 | -5.5% | 4.3% |
| GERSHMAN INVESTMENT CORP. | $820,000 | $1,780,000 | 117.1% | 4.1% |
| INB | $2,780,000 | $1,480,000 | -46.8% | 3.4% |
| U.S. Bank | $2,335,000 | $1,465,000 | -37.3% | 3.4% |
| NEWREZ LLC | $190,000 | $1,210,000 | 536.8% | 2.8% |
| PNC Bank | $630,000 | $1,150,000 | 82.5% | 2.6% |
| The First National Bank of Raymond | $925,000 | n/a | 2.1% | |
| QUICKEN LOANS, LLC | $2,810,000 | $835,000 | -70.3% | 1.9% |
| Bank of Springfield | $1,420,000 | $685,000 | -51.8% | 1.6% |
| Wells Fargo Bank | $425,000 | $645,000 | 51.8% | 1.5% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $430,000 | $620,000 | 44.2% | 1.4% |
| LOANDEPOT.COM, LLC | $520,000 | $480,000 | -7.7% | 1.1% |
| Farm Credit Mid-America, ACA | $890,000 | $470,000 | -47.2% | 1.1% |
| Hickory Point Bank and Trust | $45,000 | $460,000 | 922.2% | 1.1% |
| First Mid Bank & Trust | $280,000 | $450,000 | 60.7% | 1.0% |
| FCB Banks | $415,000 | n/a | 1.0% | |
| UNITED WHOLESALE MORTGAGE, LLC | $165,000 | $415,000 | 151.5% | 1.0% |
| CALIBER HOME LOANS, INC. | $1,155,000 | $405,000 | -64.9% | 0.9% |
| Bank of Hillsboro | $475,000 | $380,000 | -20.0% | 0.9% |
| Morton Community Bank | $370,000 | n/a | 0.9% | |
| GUARANTEED RATE, INC. | $335,000 | n/a | 0.8% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $175,000 | $305,000 | 74.3% | 0.7% |
| AIR ACADEMY | $295,000 | n/a | 0.7% | |
| Marine Bank | $395,000 | $285,000 | -27.8% | 0.7% |
| CITIZENS EQUITY FIRST | $705,000 | $260,000 | -63.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $230,000 | $260,000 | 13.0% | 0.6% |
| AMCAP MORTGAGE, LTD. | $245,000 | n/a | 0.6% | |
| IAA Credit Union | $245,000 | n/a | 0.6% | |
| JPMorgan Chase Bank | $335,000 | $235,000 | -29.9% | 0.5% |
| Bank & Trust Company | $345,000 | $230,000 | -33.3% | 0.5% |
| NBKC BANK | $225,000 | n/a | 0.5% | |
| AMERISAVE MORTGAGE CORPORATION | $215,000 | n/a | 0.5% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $165,000 | $215,000 | 30.3% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $215,000 | n/a | 0.5% | |
| Midland States Bank | $150,000 | $200,000 | 33.3% | 0.5% |
| Alliance Community Bank | $220,000 | $195,000 | -11.4% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $115,000 | $180,000 | 56.5% | 0.4% |
| EMM LOANS LLC | $175,000 | n/a | 0.4% | |
| PENTAGON FEDERAL CREDIT UNION | $175,000 | n/a | 0.4% | |
| Flanagan State Bank | $160,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $155,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $155,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $280,000 | $135,000 | -51.8% | 0.3% |
| Busey Bank | $280,000 | $115,000 | -58.9% | 0.3% |
| Community Mortgage Banc Corporation | $115,000 | n/a | 0.3% | |
| First State Bank of Campbell Hill | $115,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $455,000 | $115,000 | -74.7% | 0.3% |
| ENDEAVOR CAPITAL, LLC. | $105,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $515,000 | $105,000 | -79.6% | 0.2% |
| 21ST MORTGAGE CORPORATION | $95,000 | n/a | 0.2% | |
| HEARTLAND | $470,000 | $95,000 | -79.8% | 0.2% |
| Petefish, Skiles & Co. | $240,000 | $95,000 | -60.4% | 0.2% |
| Prairie State Bank and Trust | $910,000 | $85,000 | -90.7% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $455,000 | $85,000 | -81.3% | 0.2% |
| Coastal Community Bank | $80,000 | n/a | 0.2% | |
| DECATUR EARTHMOVER CREDIT UNION | $600,000 | $80,000 | -86.7% | 0.2% |
| 1ST MIDAMERICA | $65,000 | $75,000 | 15.4% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $290,000 | $75,000 | -74.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | n/a | 0.2% | |
| CHEVRON | $65,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $65,000 | n/a | 0.1% | |
| Plains Commerce Bank | $185,000 | $65,000 | -64.9% | 0.1% |
| State Bank of Waterloo | $65,000 | n/a | 0.1% | |
| Figure Lending LLC | $55,000 | n/a | 0.1% | |
| PENNYMAC LOAN SERVICES, LLC | $335,000 | $55,000 | -83.6% | 0.1% |
| Williamsville State Bank & Trust | $55,000 | n/a | 0.1% | |
| Discover Bank | $45,000 | n/a | 0.1% | |
| The FNB Community Bank | $45,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $35,000 | n/a | 0.1% | |
| Security Bank, s.b. | $180,000 | $35,000 | -80.6% | 0.1% |
| United Fidelity Bank, fsb | $35,000 | n/a | 0.1% | |
| Warren-Boynton State Bank | $420,000 | $35,000 | -91.7% | 0.1% |
| American Bank of Missouri | $125,000 | $25,000 | -80.0% | 0.1% |
| EVANSVILLE TEACHERS | $155,000 | $25,000 | -83.9% | 0.1% |
| First State Bank | $25,000 | n/a | 0.1% |
Taylorville's top lender by overall market share is First National Bank of Pana, with 13.1% market share. In second place, with 6.7%, is Regions Bank, having originated $2,920,000 in loans. In third place, with 5.7%, is FLAT BRANCH MORTGAGE, INC., having originated $2,460,000 in loans. In fourth place, with 5.1%, is CNB Bank And Trust, N.A., having originated $2,235,000 in loans. In fifth place, with 4.9%, is Mortgage Research Center, LLC, having originated $2,150,000 in loans.
Taylorville, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 287 | $33,165,000 | $115,557 |
| Cash Out Refi | 41 | $3,835,000 | $93,537 |
| Refi | 40 | $4,020,000 | $100,500 |
| Home Improvement | 25 | $1,405,000 | $56,200 |
| Other | 20 | $1,090,000 | $54,500 |
Taylorville's most frequently cited loan purpose was Home Purchase, with 287 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 151 | $16,905,000 | $111,954 |
| 7-8% | 97 | $11,565,000 | $119,227 |
| Over 8% | 41 | $2,745,000 | $66,951 |
| 5-6% | 39 | $5,055,000 | $129,615 |
| <2.5% | 7 | $35,000 | $5,000 |
| 4-5% | 3 | $265,000 | $88,333 |
During 2023, Taylorville's most frequently originated rate bucket was 6-7%, with 151 originations.
Loan Sizing (Taylorville, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 243 | $14,085,000 | $57,963 |
| $100k-200k | 128 | $18,460,000 | $144,219 |
| $200k-400k | 41 | $10,495,000 | $255,976 |
| $400k-600k | 1 | $475,000 | $475,000 |
Taylorville's loan sizing saw the bucket of loans from $100,000 or less with 243 originations, totaling $14,085,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 198 | $24,980,000 | $126,162 |
| 60-80% | 56 | $6,490,000 | $115,893 |
| 20-40% | 30 | $1,570,000 | $52,333 |
| 40-60% | 26 | $2,370,000 | $91,154 |
| Under 20% | 26 | $710,000 | $27,308 |
| Over 100% | 2 | $240,000 | $120,000 |
Taylorville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 198 originations, totaling $24,980,000 in origination value.