Today's Illinois (IL) Mortgage Rates

Illinois (IL) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 3,226,209
Loan purchased by the institution: 1,199,124
Application denied by financial institution: 1,069,659
Application withdrawn by applicant: 454,015
Application approved but not accepted: 283,335
File closed for incompleteness: 178,420
Preapproval request denied by financial institution: 1,046
Preapproval request approved but not accepted: 79

Purpose of Loans

Refinancing: 4,071,914
Home purchase: 2,014,475
Home improvement: 325,498

Mortgage Types

Conventional: 5,230,636
FHA-insured: 974,228
VA-guaranteed: 144,059
FSA/RHS-guaranteed: 62,964

Mortage Actions by Applicant Race

White: 4,452,224
Not applicable: 645,787
Information not provided by applicant in mail, Internet, or telephone application: 530,031
Black or African American: 454,329
Asian: 288,108
American Indian or Alaska Native: 24,531
Native Hawaiian or Other Pacific Islander: 16,877

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 4,763,483
Not applicable: 647,313
Hispanic or Latino: 504,648
Information not provided by applicant in mail, Internet, or telephone application: 496,443

Mortage Actions by Applicant Sex

Male: 3,879,625
Female: 1,583,403
Not applicable: 646,107
Information not provided by applicant in mail, Internet, or telephone application: 302,752

Mortage Actions by Agency Name

Office of the Comptroller of the Currency: 1,707,015
Consumer Financial Protection Bureau: 1,411,341
Department of Housing and Urban Development: 1,405,042
Federal Deposit Insurance Corporation: 697,798
Federal Reserve System: 542,671
Office of Thrift Supervision: 470,559
National Credit Union Administration: 177,461

Mortage Actions by County

Cook County: 2,576,722
DuPage County: 566,063
Will County: 438,375
Lake County: 419,585
Kane County: 301,762
McHenry County: 196,945
Madison County: 152,929
Winnebago County: 146,368
St. Clair County: 146,036
Sangamon County: 111,470
McLean County: 92,886
Kendall County: 90,853
Peoria County: 85,492
Champaign County: 84,905
Rock Island County: 75,510
Tazewell County: 68,611
DeKalb County: 49,712
Kankakee County: 47,939
Macon County: 42,077
LaSalle County: 36,397
Boone County: 30,942
Grundy County: 27,232
Vermilion County: 25,142
Ogle County: 25,005
Henry County: 24,205
Monroe County: 23,292
Macoupin County: 21,115
Williamson County: 21,073
Woodford County: 19,490
Clinton County: 19,171
Whiteside County: 17,817
Adams County: 17,293
Knox County: 16,726
Stephenson County: 13,321
Coles County: 13,278
Jefferson County: 12,582
Morgan County: 11,531
Bureau County: 11,186
Jackson County: 11,136
Marion County: 11,068
Christian County: 11,062
Jersey County: 10,794
Lee County: 10,593
Franklin County: 10,268
Livingston County: 10,158
Randolph County: 9,932
Jo Daviess County: 9,642
Effingham County: 8,821
Fulton County: 8,750
Piatt County: 8,488
Mercer County: 8,462
Iroquois County: 8,350
Unknown: 8,125
Montgomery County: 7,713
Menard County: 7,532
Bond County: 7,412
Logan County: 7,227
McDonough County: 6,856
Saline County: 6,821
Douglas County: 6,616
Ford County: 6,134
Fayette County: 5,768
Washington County: 5,462
Carroll County: 5,445
De Witt County: 5,206
Clark County: 4,917
Marshall County: 4,858
Edgar County: 4,803
Warren County: 4,796
Perry County: 4,463
Greene County: 4,422
White County: 4,361
Mason County: 4,342
Moultrie County: 4,331
Shelby County: 4,307
Pike County: 4,241
Hancock County: 3,951
Johnson County: 3,528
Union County: 3,413
Cass County: 3,411
Massac County: 3,410
Crawford County: 3,408
Richland County: 3,256
Lawrence County: 3,135
Wayne County: 2,852
Wabash County: 2,654
Cumberland County: 2,197
Hamilton County: 2,079
Clay County: 2,077
Stark County: 1,899
Putnam County: 1,643
Calhoun County: 1,599
Jasper County: 1,576
Scott County: 1,490
Henderson County: 1,468
Gallatin County: 1,455
Schuyler County: 1,441
Alexander County: 1,125
Edwards County: 942
Pulaski County: 876

Mortage Actions by City

Chicago, Naperville, Joliet – IL: 1,843,166
Chicago, Joliet, Naperville – IL: 1,778,158
Chicago, Naperville, Arlington Heights – IL: 573,098
Unknown: 462,948
Lake County, Kenosha County – IL, WI: 419,511
St. Louis – MO, IL: 382,006
Peoria – IL: 180,321
Rockford – IL: 177,262
Springfield – IL: 118,951
Davenport, Moline, Rock Island – IA, IL: 108,120
Champaign, Urbana – IL: 99,508
Bloomington, Normal – IL: 78,932
Elgin – IL: 52,234
Decatur – IL: 42,069
Kankakee, Bradley – IL: 40,542
Danville – IL: 25,131
Bloomington – IL: 15,027
Kankakee – IL: 7,376
Carbondale, Marion – IL: 6,772
Cape Girardeau, Jackson – MO, IL: 563
Cape Girardeau – MO, IL: 192

Mortage Denial Reasons

Unknown: 5,587,168
Collateral: 201,384
Credit history: 182,749
Debt-to-income ratio: 177,189
Credit application incomplete: 110,386
Other: 85,659
Unverifiable information: 38,496
Insufficient cash (downpayment, closing costs): 17,378
Employment history: 9,349
Mortgage insurance denied: 2,129

HOEPA Status of Mortage Loans

Not a HOEPA loan: 6,410,916
HOEPA loan: 971

Lien Status of Mortage Loans

Secured by a first lien: 4,848,271
Not applicable: 1,199,124
Secured by a subordinate lien: 284,747
Not secured by a lien: 79,745

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 5,911,017
Not owner-occupied as a principal dwelling: 465,997
Not applicable: 34,873

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 6,343,397
Manufactured housing: 38,821
Multifamily dwelling: 29,669

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 3,042,072
Fannie Mae (FNMA): 1,013,283
Freddie Mac (FHLMC): 732,010
Affiliate institution: 422,368
Ginnie Mae (GNMA): 401,231
Commercial bank, savings bank or savings association: 360,802
Other type of purchaser: 208,867
Life insurance company, credit union, mortgage bank, or finance company: 195,569
Private securitization: 35,550
Farmer Mac (FAMC): 135