Illinois VA Loan Rates, Closing Costs & Stats

Illinois

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Illinois VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Illinois averaged 6.4% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Illinois's average VA mortgage closing costs are $5,598.

    The average rate for the prior week (2025-03-28) was 6.72% and one month ago for the week of 2025-02-28, the average rate was 6.9%.

    The average rate one year ago was 6.71%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.05%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Illinois VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Illinois level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 2,460 6.40% $5,555
    UNITED WHOLESALE MORTGAGE, LLC 792 5.93% $7,066
    QUICKEN LOANS, LLC 460 6.23% $9,839
    GUARANTEED RATE, INC. 370 6.23% $5,438
    FREEDOM MORTGAGE CORPORATION 359 6.29% $9,600
    NAVY FEDERAL CREDIT UNION 352 5.90% $5,622
    PENNYMAC LOAN SERVICES, LLC 327 5.74% $6,990
    USAA Federal Savings Bank 245 6.26% $7,533
    CROSSCOUNTRY MORTGAGE, LLC 222 6.40% $7,552
    LOANDEPOT.COM, LLC 180 6.35% $9,481
    NEWREZ LLC 173 6.18% $6,586
    DELMAR FINANCIAL COMPANY 155 6.37% $5,990
    BROKER SOLUTIONS, INC. 154 6.78% $7,685
    VILLAGE CAPITAL MORTGAGE 145 5.72% $6,436
    NEW DAY FINANCIAL, LLC 132 7.49% $9,846
    FLAT BRANCH MORTGAGE, INC. 122 6.65% $5,522
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 120 6.59% $7,765
    Barrington Bank & Trust Company, N.A. 108 6.47% $5,795
    GUILD MORTGAGE COMPANY 102 6.59% $7,292
    The Federal Savings Bank 98 6.47% $13,261
    Mr. Cooper ( Nationstar Mortgage ) 86 6.28% $8,111
    AMERICAN PACIFIC MORTGAGE CORPORATION 78 6.60% $9,654
    U.S. Bank 76 6.51% $7,238
    PLANET HOME LENDING, LLC 68 6.04% $4,566
    FIRST STATE MORTGAGE SERVICES, LLC 60 6.47% $5,871
    JPMorgan Chase Bank 58 6.16% $4,369
    DHI MORTGAGE COMPANY, LTD. 56 5.51% $7,599
    LAKEVIEW LOAN SERVICING, LLC 52 5.88% $6,929
    MUTUAL OF OMAHA MORTGAGE, INC. 52 6.40% $11,137
    INB 51 6.36% $4,757
    ENDEAVOR CAPITAL, LLC. 50 6.57% $5,587
    Carrington Mortgage Services, LLC 49 6.09% $9,869
    COMPASS MORTGAGE, INC. 48 6.50% $10,162
    PRIMELENDING, A PLAINSCAPITAL COMPANY 47 6.46% $6,220
    Flagstar Bank, FSB 46 6.28% $6,744
    MORTGAGE SOLUTIONS OF COLORADO, LLC 40 7.27% $3,520
    CMG MORTGAGE, INC. 36 6.42% $7,014
    Key Mortgage Services, Inc. 36 6.47% $9,378
    EAGLE HOME MORTGAGE, LLC 35 5.30% $5,566
    GREENSTATE CREDIT UNION 34 6.15% $6,878
    NBKC BANK 34 6.15% $5,892
    Carrollton Bank 33 6.12% $5,838
    MLD MORTGAGE INC. 31 6.33% $6,444
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 30 6.56% $5,228
    GUARANTEED RATE AFFINITY, LLC 29 6.49% $6,216
    PROPER RATE, LLC 29 6.26% $9,529
    DAS Acquisition Company, LLC 29 6.68% $6,067
    HOMESIDE FINANCIAL, LLC 29 6.93% $10,815
    PENTAGON FEDERAL CREDIT UNION 28 6.10% $7,919
    GERSHMAN INVESTMENT CORP. 27 6.83% $5,475
    FCB Banks 27 6.13% $4,783
    TOWNE MORTGAGE COMPANY 26 6.47% $10,686
    SCOTT CREDIT UNION 26 5.93% $5,787
    UNION HOME MORTGAGE CORP. 26 6.42% $8,036
    Midwest BankCentre 26 6.03% $7,515
    First Federal Bank 26 5.79% $7,481
    MOVEMENT MORTGAGE, LLC 25 6.58% $9,807
    NVR Mortgage Finance, Inc. 25 5.92% $6,985
    BAY EQUITY LLC 24 6.49% $9,574
    Flanagan State Bank 24 6.45% $4,764
    Equity Prime Mortgage LLC 22 6.78% $7,882
    LEADERONE FINANCIAL CORPORATION 22 6.58% $10,005
    The Huntington National Bank 21 6.38% $7,602
    Paramount Residential Mortgage Group, Inc. 21 6.49% $7,951
    PNC Bank 21 6.59% $5,450
    Ixonia Bank 19 6.77% $7,395
    PLAZA HOME MORTGAGE, INC. 19 6.32% $8,053
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 19 6.64% $8,124
    AMERISAVE MORTGAGE CORPORATION 18 5.93% $21,308
    SUN WEST MORTGAGE COMPANY, INC. 18 6.33% $7,770
    POINT Mortgage 18 6.33% $6,813
    Mid-Continent Funding, Inc. 17 6.31% $6,194
    Magnolia Bank 16 6.03% $16,116
    Nations Lending Corporation 16 6.23% $12,347
    Bank of Springfield 16 6.34% $4,236
    Plains Commerce Bank 16 6.75% $8,615
    Lakeview Community Capital, LLC 16 5.84% $5,541
    Prosperity Home Mortgage, LLC 15 6.08% $10,764
    CIBM Bank 15 6.53% $4,342
    CALCON MUTUAL MORTGAGE LLC 13 6.60% $4,728
    Armed Forces Bank 13 6.25% $9,237
    M/I FINANCIAL, LLC 12 5.88% $11,645
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 12 6.77% $8,092
    PULTE MORTGAGE LLC 12 6.22% $6,232
    CARDINAL FINANCIAL 12 6.25% $8,580
    ZILLOW HOME LOANS, LLC 11 6.55% $7,182
    Credence Funding Corporation 10 5.66% $7,832
    PHH Mortgage Corporation 10 5.87% $5,101
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 10 6.29% $7,420
    First Mid Bank & Trust 10 6.40% $4,619
    Ameris Bank 9 6.10% $5,401
    American Mortgage & Equity Consultants, Inc. 9 6.50% $16,744
    SUCCESS MORTGAGE PARTNERS, INC. 9 6.60% $11,807
    ROYAL UNITED MORTGAGE LLC 9 6.44% $10,134
    Servion, Inc. 9 6.61% $5,197
    United Community Bank 9 6.25% $6,718
    NP, Inc. 9 6.36% $9,180
    MORTGAGEONE, INC. 8 6.64% $12,414
    Century Mortgage Company DBA Century Lending Company 8 6.47% $5,252
    Busey Bank 8 6.38% $4,589
    Old National Bank 8 6.25% $3,800
    Heartland Bank and Trust Company 8 6.84% $4,293
    The Loan Store, Inc. 8 6.64% $7,116
    Pacor Mortgage Corp 8 6.19% $5,539
    RUHL MORTGAGE, LLC 8 6.17% $3,310
    Fifth Third Bank 7 6.45% $6,077
    Regions Bank 7 6.50% $4,458
    T2 FINANCIAL LLC 7 6.61% $7,973
    Cornerstone First Mortgage, Inc 7 6.68% $10,172
    Community Mortgage Banc Corporation 7 6.95% $7,185
    CLEARPATH LENDING 7 5.70% $5,229
    NORWICH COMMERCIAL GROUP, INC. 7 6.20% $8,583
    Waterstone Mortgage Corporation 6 7.06% $5,831
    ENVOY MORTGAGE, LTD 6 6.73% $8,306
    American Bank and Trust Company 6 6.19% $5,897
    NATIONS RELIABLE LENDING, LLC 6 6.42% $11,392
    Midland States Bank 6 6.50% $7,411
    Wells Fargo Bank 6 6.27% $11,660
    AMERICAN FINANCIAL RESOURCES, INC. 5 7.03% $5,568
    OCMBC, INC. 5 6.80% $10,156
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 6.67% $13,532
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.45% $8,545
    AmRes Corporation 5 6.38% $12,371
    UNITED HOME LOANS, INC. 5 5.98% $6,487
    FIRST COMMUNITY MORTGAGE, INC. 5 6.72% $12,080
    MEMBER FIRST MORTGAGE, LLC 5 6.70% $8,138
    Sierra Pacific Mortgage Company, Inc. 4 6.75% $3,859
    RUOFF MORTGAGE COMPANY, INC. 4 7.00% $7,964
    S1L, Inc. 4 6.63% $7,164
    FRONTIER FINANCIAL, INC. 4 6.50% $4,629
    NATIONS DIRECT MORTGAGE, LLC 4 6.84% $5,530
    PREMIA MORTGAGE, LLC 4 6.04% $9,767
    M&T Bank 3 6.83% $6,597
    First Bank 3 6.50% $8,661
    Northpointe Bank 3 6.50% $11,828
    Paramount Bank 3 6.50% $6,755
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.92% $5,142
    Citizens Bank 3 6.33% $7,195
    CIBC Bank USA 3 6.63% $14,283
    AmeriHome Mortgage Company, LLC 3 6.41% $4,319
    CANOPY MORTGAGE, LLC 3 6.04% $14,949
    NBH Bank 3 5.83% $10,192
    LADERA LENDING, INC. 3 6.58% $16,161
    TruHome Solutions, LLC 3 6.38% $4,024
    CROWN MORTGAGE COMPANY 3 6.67% $11,883
    AMERICAN FINANCIAL NETWORK, INC. 3 6.58% $8,457
    MICHIGAN MUTUAL, INC. 3 6.75% $15,461
    TBI MORTGAGE COMPANY 3 6.29% $2,324
    Bank Five Nine 3 6.29% $5,388
    The Central Trust Bank 3 6.04% $8,563
    MORIA DEVELOPMENT, INC. 3 6.75% $5,143
    SUMMIT FUNDING, INC. 3 6.88% $14,283
    North American Savings Bank, F.S.B. 3 5.54% $15,040
    ALLIANT CREDIT UNION 3 5.92% $2,536
    Associated Bank 3 6.29% $9,016
    JMAC LENDING, INC. 2 6.25% $18,508
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.75% $5,953
    ALLIED MORTGAGE GROUP, INC. 2 6.19% $6,480
    AXIA FINANCIAL, LLC 2 7.25% $7,005
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.25% $9,495
    Bell Bank 2 5.63% $3,055
    BETTER MORTGAGE CORPORATION 2 6.38% $7,816
    Capital Bank 2 5.31% $8,475
    Commerce Bank 2 6.81% $1,786
    CONTOUR MORTGAGE CORPORATION 2 5.94% $10,817
    FAMILY FINANCE MORTGAGE, LLC 2 6.88% $4,512
    FIRST COLONY MORTGAGE CORPORATION 2 5.44% $16,870
    Fortress Bank 2 7.00% $2,593
    Gateway First Bank 2 6.75% $4,666
    GENEVA FINANCIAL, LLC 2 6.81% $8,791
    GMFS LLC 2 6.94% $1,670
    Granite Community Bank 2 6.19% $9,976
    HOMESTEAD FUNDING CORP. 2 5.81% $10,001
    Mortgage Assurance Inc. 2 6.75% $4,677
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.37% $8,739
    OCEANSIDE MORTGAGE COMPANY 2 5.75% $6,792
    Old Second National Bank 2 6.63% $12,782
    PANORAMA MORTGAGE GROUP, LLC 2 7.19% $13,337
    SIRVA MORTGAGE, INC. 2 6.56% $10,093
    VERITAS FUNDING, LLC 2 6.44% $16,467
    NORTHWEST BANK OF ROCKFORD 1 7.13% $7,636
    NFM, INC. 1 6.00% $8,245
    NexBank 1 6.63% $13,318
    NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $15,729
    PLUS RELOCATION MORTGAGE, LLC 1 7.75% $2,831
    MORTGAGE CENTER L.C 1 6.88% $4,868
    MORTGAGE ACCESS CORP. 1 6.75% $18,862
    MILESTONE HOME LENDING, LLC 1 6.13% $5,762
    Meridian Bank Corporation 1 6.50% $3,357
    Presidential Bank, FSB 1 6.50% $8,067
    ABSOLUTE HOME MORTGAGE CORPORATION 1 7.13% $10,785
    Horizon Bank 1 6.75% $1,910
    Hometown Equity Mortgage, LLC 1 7.25% $10,536
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.00% $1,465
    GVC MORTGAGE, INC. 1 6.75% $7,464
    GATEWAY MORTGAGE CORPORATION 1 7.50% $14,792
    RAPID MORTGAGE COMPANY 1 5.99% $7,018
    First State Bank of St. Charles, Missouri 1 6.63% $6,249
    FIRST MORTGAGE COMPANY, INC. 1 6.25% $6,154
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.00% $3,780
    First Horizon Bank 1 6.63% $4,585
    First Financial Bank 1 6.75% $3,413
    First Federal Savings and Loan Association of Lakewood 1 5.88% $2,991
    Financial Funding Solutions, Inc. 1 6.99% $3,444
    FIDELITY BANK 1 7.25% $962
    Wolfe Financial, Inc 1 6.75% $1,696
    Stifel Bank and Trust 1 6.13% $7,158
    STOCKTON MORTGAGE CORPORATION 1 6.13% $5,936
    Stride Bank 1 5.63% $5,931
    Extraco Banks 1 6.13% $6,013
    EVERETT FINANCIAL, INC. 1 7.25% $1,173
    Summit Mortgage Corporation 1 6.25% $2,101
    Sunflower Bank 1 5.99% $12,241
    EVANSVILLE TEACHERS 1 6.75% $1,918
    Encompass Lending Group, LP 1 5.75% $7,160
    EMM LOANS LLC 1 5.75% $21,344
    Texana Bank 1 5.75% $3,331
    COMMUNITY MORTGAGE, LLC 1 6.25% $7,398
    Commerce Home Mortgage, Inc. 1 5.63% $3,381
    CME Federal Credit Union 1 6.75% $1,945
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $10,261
    The Union Bank Company 1 6.25% $3,814
    THOMPSON KANE & COMPANY, LLC 1 6.68% $6,689
    TJC Mortgage, Inc. 1 6.25% $13,308
    TOP FLITE FINANCIAL, INC. 1 6.75% $9,314
    Citibank 1 6.25% $5,134
    BOKF 1 7.13% $6,671
    Truist 1 6.25% $7,028
    BM Real Estate Services, Inc. 1 6.63% $12,260
    BMO Harris Bank 1 6.25% $8,897
    BAY-VALLEY MORTGAGE GROUP 1 6.63% $1,798
    Bank of England 1 6.50% $11,538
    University Bank 1 5.75% $3,893
    Bank of America 1 5.75% $5,362
    Bankers' Bank 1 5.75% $5,780
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.99% $4,158
    VAN DYK MORTGAGE CORPORATION 1 6.25% $4,462
    AIR ACADEMY 1 6.49% $13,084
    Arvest Bank 1 5.88% $9,339
    AMERICAN INTERNET MORTGAGE, INC. 1 6.50% $8,622
    AMERICAN FINANCING CORPORATION 1 5.13% $7,929
    OPEN MORTGAGE, LLC 1 6.63% $19,932
    Peoples National Bank , N.A. 1 6.63% $1,812

    The top Illinois VA lender as defined by loan originations is Mortgage Research Center, LLC, with 2,460 VA loans originated. Their average total fees are $5,555, which is $1,511 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Illinois VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,520), Bank of Springfield ($4,236), CIBM Bank ($4,342), JPMorgan Chase Bank ($4,369) and PLANET HOME LENDING, LLC ($4,566).

    The lowest rate Illinois VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.30%), DHI MORTGAGE COMPANY, LTD. (5.51%), Credence Funding Corporation (5.66%), VILLAGE CAPITAL MORTGAGE (5.72%) and PENNYMAC LOAN SERVICES, LLC (5.74%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.