Mortgage lending in Elgin, IL

17,955 mortgages were originated in the Elgin, IL area in 2025, and here is what they cost.

Loans originated

17,955

Median rate

6.750%

Median lender fees

$5,931

Median loan amount

$245,000

Median spread over APOR

0.365

Paid discount points

31.6%

Received lender credits

24.5%

Purchases / refinances

51.5% / 29.3%

Conventional / FHA / VA

84.6% / 11.1% / 4.3%

Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 72.1% of loans here — see methodology.

Who lent here

Lenders with at least 50 loans in the Elgin, IL area, ranked by volume.