Illinois Mortgage Information

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Current Mortgage Rates
Type of Loan	Rate*        APR*
5 Year ARM	5.821% 5.033%
15 Year Fixed	5.243% 5.288%
30 Year Fixed	5.729% 5.717%
Home Equity Loan	7.420% 5.740%
HELOC	6.305% 6.990%
*Rates & APRs are based on Rate Observer .

Need a home equity loan in Illinois?  Frequently used Illinois Home equity loans are: Illinois 125 Cash Out Home Equity Loans, Illinois Cash Out Home Equity Loans, Illinois Refinance Loans, Illinois Bad Credit Home Equity Loans, Illinois Home Equity Lines of Credit (HELOC), and Illinois Second Mortgages.  Maybe we can help you if you are just looking for more information about Illinois Home Equity Loans.

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Not sure what kind of Illinois home equity loan you are looking for?  Then start by looking at Credit Unions, Banks, Mortgage Brokers, or Savings and Loans that lend in Illinois.

Some quick facts on Illinois owner occupied homes with a mortgage¹ :

• The median home price in Illinois is $182,321.
• 78.2% of Illinois home owners have only a single mortgage.
• Only 0.9% of home owners in Illinois have both a second mortgage and a home equity loan.
• While the median income for all of Illinois is $60,387, the median income for owner occupied Illinois homes with a mortgage is $69,742.
• The median monthly Illinois housing cost is $1,370.
• Illinois Median Annual real estate taxes are $2,999.
• While the national average Expedian Credit score is 678, the average for Illinois is 684.
• Non-business bankruptcies in Illinois have gone from 59,892 in 2000 to 79,320 in 2004.

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The state regulator for Illinois mortgages is William A. Darr

 STATE OF ILLINOIS
 310 South Michigan Avenue
 Suite 2130
 Chicago, Illinois 60604

Phone: (312) 793-3000
Fax: (312) 793-7097

Website: http://www.obre.state.il.us

 Illinois licensing statute, the Illinois Residential Mortgage License Act, was originally enacted in 1987. The Illinois Office of Banks and Real Estate regulates Illinois mortgage lenders and Illinois mortgage brokers pursuant to that statute. Approximately 1800 lenders and brokers are licensed in the State of Illinois. Illinois’s licensee list is available for $10.00 certified check (no cash) sent to the Office of Banks and Real Estate, 500 East Monroe, Suite 800, Springfield, Illinois 62710, or it can be downloaded for free on the Office’s Internet site, http://www.obre.state.il.us² .

Illinois Counties:

Alexander County, Bond County, Boone County, Brown County, Bureau County, Calhoun County, Carroll County, Cass County, Champaign County, Christian County, Clark County, Clay County, Clinton County, Coles County, Cook County, Crawford County, Cumberland County, DeKalb County, DeWitt County, Douglass County, DuPage County, Edgar County, Edwards County, Effingham County, Fayette County, Ford County, Franklin County, Fulton County, Gallatin County, Greene County, Grundy County, Hamilton County, Hancock County, Hardin County, Henderson County, Henderson County, Henry County, Iroquois County, Jackson County, Jasper County, Jefferson County, Jersey County, Jo Daviess County, Johnson County, Kane County, Kankakee County, Kendall County, Knox County, Lake County, La Salle County,Lee County, Livingstone County, Logan County, McDonough County, McHenry County, McLean County, Macon County, Macoupin County, Madison County, Marion County, Marshall County, Mason County, Massac County, Menard County, Mercer County, Monroe County, Montgomery County, Morgan County, Moultrie County, Ogle County, Peoria County, Perry County, Piatt County, Pike County, Pope County, Pulaski County, Putnam County, Randolph County, Richland County, Rock Island County, St. Clair County, Saline County, Sangamon County, Schuyler County, Scott County, Shelby County, Stark County, Stephenson County, Tazewell County, Union County, Vermillion County, Wabash County, Warren County, Washington County, Wayne County, White County, Whiteside County, Will County, Williamson County, Winnebago County, Woodford County

Source
-US Census

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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.