Home buyers and homeowners throughout the “Land of Lincoln” can use ForTheBestRate.com to compare current Illinois mortgage rates, closing costs, and program information from some of the state’s leading mortgage lenders, brokers, and banks.
Whether you’re looking to refinance a townhouse in the windy city of Chicago, buy a second home along the shores of Lake Michigan, or purchase your first home in downtown Peoria, you can count on ForTheBestRate.com for access to competitive rates and fees. Use the rate table below to compare rates from a variety of different lenders. When you find a few that interest you, simply contact them via their listed information. Using the rate comparison table is absolutely free, and you’re under no obligation when you enter your information.
Contact one of the following mortgage companies to hear more about Illinois mortgage solutions:
Using the Rate Table
Ever day we receive mortgage rate data from a third party provider. The mortgage rates, closing costs, points, fees and APR information provided in the table is submitted to us directly from the various mortgage lenders, brokers and banks. While we strive to publish accurate information, we are not responsible for errors supplied by the financial institutions.
How Rates Can Vary
Rates can vary for any number of reasons. Some of the most common reasons for rate fluctuations include the type of property being financed (stick built homes, condominiums, manufactured homes, etc.), and how the homeowner plans to use the property (permanent residence, second home, or investment property). A condo, for instance, will likely have a higher rate mortgage than a stand-alone single family house. This is because condos are considered a higher risk by most banks, due to the fact that their value is dependent on the other homeowners in the community as well as the HOA/management.
Comparing Different Mortgage Programs
You can use the product dropdown tool to navigate between various fixed rate and adjustable rate solutions. Most lenders provide financing for 30, 20, 15 and 10 year fixed rate mortgages as well as 3/1, 5/1 and 7/1 ARM loans. You can also view jumbo mortgage rates by entering in a non-conforming loan amount in the relevant field in the survey. Rates are often subject to certain credit scores, down payment requirements and other criteria. We encourage you to speak with multiple mortgage companies directly to verify whether or not you may qualify for the rates advertised.