Mortgage lending in Elgin, IL
17,955 mortgages were originated in the Elgin, IL area in 2025, and here is what they cost.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 17,955
- Median rate
- 6.750%
- Median lender fees
- $5,931
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $245,000
- Above the going rate (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.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| United Shore Financial Services, LLC | 936 | $6,520 | 6.467% |
| Rocket Mortgage, LLC | 926 | $5,347 | 6.875% |
| Guaranteed Rate, Inc. | 848 | $6,430 | 6.750% |
| Guild Mortgage Company | 624 | $6,298 | 6.625% |
| JPMorgan Chase Bank, National Association | 576 | $4,459 | 6.490% |
| Old Second National Bank | 494 | $2,685 | 7.250% |
| Fifth Third Bank, National Association | 479 | $4,286 | 7.750% |
| Crosscountry Mortgage, Inc. | 463 | $7,303 | 6.750% |
| GREENSTATE Credit Union | 430 | $3,712 | 6.875% |
| Consumers Cooperative Credit Union | 415 | — | 7.500% |