Prospective homeowners in Illinois are in good company. There are about 5.4 million in the prairie state housing units And a homeownership rate of 66.2%, according to the US Census Bureau 2017 American Community Survey.
The average housing price for Illinois is $ 195,600, with a national average price of $ 217,600. Depending on where you live, however, you may have high or low expectations.
What are mortgage rates in Illinois?
House interest rates Range from 2.38% Service 4% In Illinois.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
Rate of this week
Last week rate
|30-Year Fixed Rate Mortgage||2.96%||3.06%|
|15-Year Fixed Rate Mortgage||2.48%||2.62%|
|30-Year Fixed-Rate Jumbo Mortgage||2.96%||3.01%|
|5/1 Jumbo ARM||2.92%||2.89%|
* Rates up to November 13, 2020
US News’ Best Illinois Mortgage Lenders
Methodology: US News conducted a leading review of direct mortgage lenders in Illinois. The research was based on program availability, customer satisfaction ratings, and qualification requirements. Because each consumer has different needs, the top finishers were chosen in several key areas.
- Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +