Who has the best mortgage rates in Illinois?
I’m looking for a primary, single-family home in for , and credit score.
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders with low rates in IL
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only a few lenders likely to get you a good deal.
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Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders in IL likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 67 lenders and found that these lenders are likely to offer you a high rate.
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Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson TrueRate Data ScientistLenders with average rates in IL
You deserve better than what these lenders historically provide.
Sorry, no lenders were found.
Methodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernan Tomo Mortgage Loan Advisor - NMLS #337556TrueRate report
See how mortgage companies got home buyers to over-pay by billions.
Get the reportMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Illinois is stepping into a promising phase for homebuyers
Your dream home might be more affordable than you think, especially with the variety of options available across Illinois.
Chicago, the state’s largest city, offers an exciting urban lifestyle with its famous skyline, cultural attractions, and bustling neighborhoods. While it can be competitive, there are still areas where you can find great deals. With interest rates improving, now is a great time to check out neighborhoods like Logan Square or Pilsen, where you can get more value for your money while enjoying the city’s energy.
But Illinois is more than just Chicago. If you’re looking for a quieter lifestyle, places like Naperville, Evanston, and smaller towns like Peoria and Champaign offer charming communities with affordable homes. The farther you go from Chicago, the more your money stretches—think larger homes, big yards, and that classic Midwestern charm without the busy city life.
First-time homebuyers will also find helpful programs in Illinois that make buying a home easier. These programs can assist with down payments and provide guidance through the buying process.
With a mix of city excitement and peaceful suburban living, Illinois offers something for everyone. And with interest rates getting better, now is a great time to explore the housing options in this diverse state. Whether you want the city’s energy or the calm of smaller towns, the Illinois housing market has a lot to offer.