Top Mortgage Lenders in Jacksonville, IL

Which mortgage lender in the Jacksonville, IL area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Jacksonville, IL area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Jacksonville, IL area is United Community Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.10%. This means that United Community Bank provided a -0.10% lower interest rate for its customers than other lenders in Jacksonville, IL for a similar set of borrowers. United Community Bank has a market share of 15.0%. On the other hand, the most popular lender in the market is CNB Bank and Trust, with a market share of 32.5%. CNB Bank and Trust is an average rate lender in this area, with a “Rate Difference” of -0.00% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Jacksonville, IL area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Jacksonville, IL is United Community Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Town and Country Banc Mortgage. The cheapest VA mortgage provider is also Town and Country Banc Mortgage. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Jacksonville, IL

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.10% 15.04%
CNB Bank and Trust 2, -0.00% 32.52%
Town and Country Banc Mortgage 3, 0.02% 25.61%
Quicken Loans 4, 0.04% 14.23%
Us Bank 5, 0.04% 12.60%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.13% 12.34%
CNB Bank and Trust 2, 0.01% 28.57%
Town and Country Banc Mortgage 3, 0.02% 32.47%
Us Bank 4, 0.02% 14.94%
Quicken Loans 5, 0.05% 11.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.07% 19.57%
CNB Bank and Trust 2, -0.01% 39.13%
Town and Country Banc Mortgage 3, 0.02% 14.13%
Quicken Loans 4, 0.03% 18.48%
Us Bank 5, 0.10% 8.70%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.11% 17.77%
CNB Bank and Trust 2, -0.00% 40.61%
Town and Country Banc Mortgage 3, 0.03% 23.86%
Us Bank 4, 0.05% 11.68%
Quicken Loans 5, 0.10% 6.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.14% 15.70%
CNB Bank and Trust 2, 0.00% 36.36%
Us Bank 3, 0.03% 12.40%
Town and Country Banc Mortgage 4, 0.04% 29.75%
Quicken Loans 5, 0.09% 5.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.08% 21.05%
CNB Bank and Trust 2, -0.01% 47.37%
Town and Country Banc Mortgage 3, 0.02% 14.47%
Us Bank 4, 0.10% 10.53%
Quicken Loans 5, 0.13% 6.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.04% 28.12%
Us Bank 2, 0.00% 12.50%
Quicken Loans 3, 0.02% 59.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.04% 39.13%
Us Bank 2, 0.00% 17.39%
Quicken Loans 3, 0.04% 43.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.01% 41.18%
United Community Bank 2, -0.01% 11.76%
Us Bank 3, 0.00% 23.53%
Quicken Loans 4, 0.02% 23.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.01% 50.00%
Us Bank 2, 0.01% 40.00%
Quicken Loans 3, 0.03% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.01% 28.57%
Town and Country Banc Mortgage 2, -0.01% 28.57%
Quicken Loans 3, 0.01% 42.86%

* Data is compiled for the Jacksonville, IL commuting zone area, which comprises of counties of Greene County, IL, Morgan County, IL, and Scott County, IL. This includes cities/towns/communities of Jacksonville, IL as well as South Jacksonville, IL, Murrayville, IL, Carrollton, IL, Franklin, IL, Manchester, IL, Kane, IL, White Hall, IL, Chapin, IL, Eldred, IL, Roodhouse, IL, and Bluffs, IL. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Jacksonville, IL area. For mortgage lender rankings of other cities, click here.