Top Mortgage Lenders in Peoria, IL

Which mortgage lender in the Peoria, IL area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Peoria, IL area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Peoria, IL area in terms of interest rate is CEFCU, with an average “Rate Difference” of -0.15%. This means that, comparing similar borrowers, CEFCU provided a -0.15% lower interest rate for its customers than other lenders in the area. CEFCU has a market share of 24.3%. It is the most popular lender in the Peoria, IL area.

Our detailed ranking of mortgage lenders in the Peoria, 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, going by historical data, the cheapest lender for Conventional mortgages in Peoria, IL is CEFCU. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Guaranteed Rate. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Fortress Bank. The cheapest VA mortgage provider is also Fortress Bank. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Peoria, IL

Mortgage Type:

Purchase/Refinance:

Lender Name	Rate Difference	Rate Rating	Market Share
CEFCU	-0.15%	(4.0)	24.28%
United Community Bank in Illinois	-0.07%	(4.0)	0.63%
Fortress Bank	-0.07%	(4.0)	5.35%
Busey Bank	-0.06%	(4.0)	3.52%
INB, National Association	-0.05%	(4.0)	5.23%
Mr. Cooper	-0.02%	(3.5)	0.81%
First Mid Bank & Trust, NA	-0.01%	(3.5)	0.65%
Associated Bank	-0.00%	(3.5)	2.12%
Morton Community Bank	-0.00%	(3.5)	9.27%
JPMorgan Chase Bank	0.00%	(3.5)	1.37%
Heartland Bank and Trust Company	0.03%	(3.5)	1.88%
USAA	0.04%	(3.5)	0.81%
US Bank	0.04%	(3.5)	0.77%
Caliber Home Loans	0.04%	(3.5)	14.36%
First State Mortgage Bloomington	0.06%	(3.0)	1.86%
PNC Bank	0.08%	(3.0)	4.14%
loanDepot	0.08%	(3.0)	0.65%
Wells Fargo Bank	0.08%	(3.0)	3.15%
Flanagan State Bank	0.10%	(3.0)	1.39%
Flat Branch Mortgage	0.10%	(3.0)	4.57%
Fairway Independent Mortgage Corporation	0.12%	(3.0)	1.92%
LeaderOne Financial Corporation	0.19%	(2.5)	1.62%
Quicken Loans	0.19%	(2.5)	5.29%
Commerce Bank	0.20%	(2.5)	0.79%
Guaranteed Rate	0.20%	(2.5)	3.58%

Lender Name	Rate Difference	Rate Rating	Market Share
CEFCU	-0.13%	(4.0)	22.73%
United Community Bank in Illinois	-0.10%	(4.0)	0.73%
Mr. Cooper	-0.09%	(4.0)	0.79%
Fortress Bank	-0.09%	(4.0)	6.96%
INB, National Association	-0.06%	(4.0)	5.48%
Busey Bank	-0.05%	(3.5)	2.80%
PNC Bank	-0.02%	(3.5)	3.53%
First Mid Bank & Trust, NA	-0.02%	(3.5)	0.76%
Associated Bank	-0.02%	(3.5)	1.49%
JPMorgan Chase Bank	-0.02%	(3.5)	1.72%
Morton Community Bank	0.02%	(3.5)	8.39%
USAA	0.03%	(3.5)	0.99%
Wells Fargo Bank	0.03%	(3.5)	3.61%
US Bank	0.03%	(3.5)	0.84%
Commerce Bank	0.04%	(3.5)	0.38%
loanDepot	0.05%	(3.5)	0.35%
First State Mortgage Bloomington	0.05%	(3.0)	2.27%
Caliber Home Loans	0.06%	(3.0)	14.74%
Heartland Bank and Trust Company	0.06%	(3.0)	1.43%
Flat Branch Mortgage	0.09%	(3.0)	6.06%
Fairway Independent Mortgage Corporation	0.12%	(3.0)	2.68%
Flanagan State Bank	0.13%	(3.0)	1.37%
Quicken Loans	0.17%	(2.5)	3.44%
LeaderOne Financial Corporation	0.21%	(2.5)	1.95%
Guaranteed Rate	0.21%	(2.5)	4.52%

Lender Name	Rate Difference	Rate Rating	Market Share
CEFCU	-0.17%	(4.5)	27.80%
Busey Bank	-0.07%	(4.0)	5.14%
Morton Community Bank	-0.03%	(3.5)	11.26%
INB, National Association	-0.03%	(3.5)	4.68%
Fortress Bank	-0.01%	(3.5)	1.71%
Caliber Home Loans	0.00%	(3.5)	13.50%
Heartland Bank and Trust Company	0.01%	(3.5)	2.90%
Flanagan State Bank	0.02%	(3.5)	1.45%
Associated Bank	0.02%	(3.5)	3.56%
First Mid Bank & Trust, NA	0.03%	(3.5)	0.40%
United Community Bank in Illinois	0.03%	(3.5)	0.40%
USAA	0.06%	(3.0)	0.40%
Fairway Independent Mortgage Corporation	0.07%	(3.0)	0.20%
US Bank	0.07%	(3.0)	0.59%
First State Mortgage Bloomington	0.07%	(3.0)	0.92%
JPMorgan Chase Bank	0.07%	(3.0)	0.59%
Guaranteed Rate	0.07%	(3.0)	1.45%
Flat Branch Mortgage	0.08%	(3.0)	1.19%
LeaderOne Financial Corporation	0.09%	(3.0)	0.86%
loanDepot	0.12%	(3.0)	1.32%
Mr. Cooper	0.14%	(3.0)	0.86%
Quicken Loans	0.23%	(2.5)	9.49%
PNC Bank	0.23%	(2.5)	5.53%
Wells Fargo Bank	0.27%	(2.0)	2.11%
Commerce Bank	0.29%	(2.0)	1.71%

Lender Name	Rate Difference	Rate Rating	Market Share
CEFCU	-0.14%	(4.0)	31.74%
United Community Bank in Illinois	-0.08%	(4.0)	0.72%
Busey Bank	-0.05%	(4.0)	4.16%
INB, National Association	-0.05%	(3.5)	6.68%
First Mid Bank & Trust, NA	-0.00%	(3.5)	0.85%
Associated Bank	0.00%	(3.5)	2.60%
Fortress Bank	0.00%	(3.5)	4.88%
Morton Community Bank	0.01%	(3.5)	12.14%
JPMorgan Chase Bank	0.01%	(3.5)	1.70%
Flanagan State Bank	0.03%	(3.5)	1.06%
Heartland Bank and Trust Company	0.04%	(3.5)	2.41%
US Bank	0.06%	(3.0)	0.64%
USAA	0.08%	(3.0)	0.26%
First State Mortgage Bloomington	0.09%	(3.0)	1.09%
Wells Fargo Bank	0.10%	(3.0)	3.63%
PNC Bank	0.11%	(3.0)	4.66%
loanDepot	0.11%	(3.0)	0.45%
Fairway Independent Mortgage Corporation	0.11%	(3.0)	0.66%
Mr. Cooper	0.12%	(3.0)	0.24%
LeaderOne Financial Corporation	0.14%	(3.0)	0.66%
Caliber Home Loans	0.14%	(3.0)	9.49%
Guaranteed Rate	0.18%	(2.5)	1.93%
Flat Branch Mortgage	0.19%	(2.5)	3.05%
Commerce Bank	0.22%	(2.5)	0.95%
Quicken Loans	0.33%	(2.0)	3.37%

Lender Name	Rate Difference	Rate Rating	Market Share
CEFCU	-0.13%	(4.0)	31.15%
United Community Bank in Illinois	-0.11%	(4.0)	0.84%
INB, National Association	-0.06%	(4.0)	7.26%
Busey Bank	-0.03%	(3.5)	3.21%
Associated Bank	-0.02%	(3.5)	1.88%
First Mid Bank & Trust, NA	-0.01%	(3.5)	1.04%
JPMorgan Chase Bank	-0.01%	(3.5)	2.21%
PNC Bank	-0.00%	(3.5)	3.97%
Fortress Bank	-0.00%	(3.5)	6.46%
Morton Community Bank	0.03%	(3.5)	11.55%
Wells Fargo Bank	0.04%	(3.5)	4.21%
loanDepot	0.05%	(3.5)	0.16%
US Bank	0.06%	(3.0)	0.64%
Commerce Bank	0.06%	(3.0)	0.40%
Flanagan State Bank	0.06%	(3.0)	0.80%
Mr. Cooper	0.06%	(3.0)	0.16%
Heartland Bank and Trust Company	0.07%	(3.0)	1.88%
USAA	0.08%	(3.0)	0.32%
First State Mortgage Bloomington	0.09%	(3.0)	1.32%
Fairway Independent Mortgage Corporation	0.11%	(3.0)	0.96%
LeaderOne Financial Corporation	0.16%	(2.5)	0.68%
Caliber Home Loans	0.18%	(2.5)	10.10%
Guaranteed Rate	0.19%	(2.5)	2.49%
Flat Branch Mortgage	0.20%	(2.5)	4.01%
Quicken Loans	0.27%	(2.0)	2.29%

Lender Name	Rate Difference	Rate Rating	Market Share
CEFCU	-0.16%	(4.5)	32.89%
Busey Bank	-0.07%	(4.0)	6.02%
Morton Community Bank	-0.03%	(3.5)	13.28%
INB, National Association	-0.02%	(3.5)	5.55%
Fortress Bank	-0.02%	(3.5)	1.80%
Flanagan State Bank	0.02%	(3.5)	1.56%
Heartland Bank and Trust Company	0.02%	(3.5)	3.44%
Associated Bank	0.03%	(3.5)	3.98%
First Mid Bank & Trust, NA	0.03%	(3.5)	0.47%
United Community Bank in Illinois	0.03%	(3.5)	0.47%
Caliber Home Loans	0.05%	(3.5)	8.28%
USAA	0.05%	(3.0)	0.16%
Fairway Independent Mortgage Corporation	0.06%	(3.0)	0.08%
US Bank	0.07%	(3.0)	0.62%
JPMorgan Chase Bank	0.08%	(3.0)	0.70%
LeaderOne Financial Corporation	0.08%	(3.0)	0.62%
Flat Branch Mortgage	0.09%	(3.0)	1.17%
First State Mortgage Bloomington	0.10%	(3.0)	0.62%
Guaranteed Rate	0.12%	(3.0)	0.86%
loanDepot	0.14%	(3.0)	1.02%
Mr. Cooper	0.18%	(2.5)	0.39%
PNC Bank	0.26%	(2.0)	6.02%
Wells Fargo Bank	0.28%	(2.0)	2.50%
Commerce Bank	0.30%	(2.0)	2.03%
Quicken Loans	0.39%	(1.5)	5.47%

Lender Name	Rate Difference	Rate Rating	Market Share
Fortress Bank	-0.28%	(5.0)	8.09%
PNC Bank	-0.13%	(4.0)	1.64%
Busey Bank	-0.12%	(4.0)	1.52%
Mr. Cooper	-0.09%	(4.0)	3.28%
Caliber Home Loans	-0.08%	(4.0)	30.72%
INB, National Association	-0.05%	(3.5)	0.47%
Flat Branch Mortgage	-0.04%	(3.5)	9.85%
United Community Bank in Illinois	-0.04%	(3.5)	0.23%
JPMorgan Chase Bank	-0.00%	(3.5)	0.23%
US Bank	0.00%	(3.5)	0.23%
Commerce Bank	0.00%	(3.5)	0.23%
CEFCU	0.01%	(3.5)	0.12%
Heartland Bank and Trust Company	0.01%	(3.5)	0.23%
Associated Bank	0.02%	(3.5)	0.23%
Wells Fargo Bank	0.03%	(3.5)	0.12%
loanDepot	0.03%	(3.5)	0.82%
First State Mortgage Bloomington	0.03%	(3.5)	3.40%
Quicken Loans	0.05%	(3.5)	13.48%
Fairway Independent Mortgage Corporation	0.11%	(3.0)	6.92%
Flanagan State Bank	0.20%	(2.5)	2.58%
LeaderOne Financial Corporation	0.21%	(2.5)	5.86%
Guaranteed Rate	0.25%	(2.5)	9.73%

Lender Name	Rate Difference	Rate Rating	Market Share
Fortress Bank	-0.29%	(5.0)	9.46%
PNC Bank	-0.17%	(4.5)	1.53%
Mr. Cooper	-0.14%	(4.0)	3.06%
Busey Bank	-0.12%	(4.0)	1.81%
Caliber Home Loans	-0.08%	(4.0)	29.35%
INB, National Association	-0.05%	(3.5)	0.56%
Flat Branch Mortgage	-0.04%	(3.5)	11.68%
United Community Bank in Illinois	-0.04%	(3.5)	0.28%
JPMorgan Chase Bank	-0.01%	(3.5)	0.28%
US Bank	0.00%	(3.5)	0.28%
Commerce Bank	0.00%	(3.5)	0.28%
CEFCU	0.01%	(3.5)	0.14%
Heartland Bank and Trust Company	0.01%	(3.5)	0.28%
Associated Bank	0.02%	(3.5)	0.28%
Wells Fargo Bank	0.03%	(3.5)	0.14%
loanDepot	0.03%	(3.5)	0.83%
First State Mortgage Bloomington	0.03%	(3.5)	3.89%
Quicken Loans	0.06%	(3.0)	7.37%
Fairway Independent Mortgage Corporation	0.11%	(3.0)	8.07%
Flanagan State Bank	0.21%	(2.5)	2.92%
LeaderOne Financial Corporation	0.22%	(2.5)	6.40%
Guaranteed Rate	0.25%	(2.0)	11.13%

Lender Name	Rate Difference	Rate Rating	Market Share
Caliber Home Loans	-0.08%	(4.0)	38.06%
Fortress Bank	0.01%	(3.5)	0.75%
PNC Bank	0.02%	(3.5)	2.24%
Fairway Independent Mortgage Corporation	0.04%	(3.5)	0.75%
First State Mortgage Bloomington	0.04%	(3.5)	0.75%
Quicken Loans	0.04%	(3.5)	46.27%
Flanagan State Bank	0.04%	(3.5)	0.75%
Guaranteed Rate	0.04%	(3.5)	2.24%
loanDepot	0.05%	(3.5)	0.75%
LeaderOne Financial Corporation	0.10%	(3.0)	2.99%
Mr. Cooper	0.10%	(3.0)	4.48%

Lender Name	Rate Difference	Rate Rating	Market Share
Guaranteed Rate	-0.00%	(3.5)	11.11%
PNC Bank	-0.00%	(3.5)	22.22%
CEFCU	-0.00%	(3.5)	22.22%
JPMorgan Chase Bank	0.00%	(3.5)	11.11%
Wells Fargo Bank	0.00%	(3.5)	11.11%
Morton Community Bank	0.00%	(3.5)	11.11%
US Bank	0.00%	(3.5)	11.11%

Lender Name	Rate Difference	Rate Rating	Market Share
PNC Bank	-0.00%	(3.5)	20.00%
JPMorgan Chase Bank	-0.00%	(3.5)	20.00%
CEFCU	-0.00%	(3.5)	20.00%
Wells Fargo Bank	-0.00%	(3.5)	20.00%
US Bank	0.00%	(3.5)	20.00%

Lender Name	Rate Difference	Rate Rating	Market Share
Guaranteed Rate	-0.00%	(3.5)	25.00%
CEFCU	0.00%	(3.5)	25.00%
PNC Bank	0.00%	(3.5)	25.00%
Morton Community Bank	0.00%	(3.5)	25.00%

Lender Name	Rate Difference	Rate Rating	Market Share
Fortress Bank	-0.06%	(4.0)	3.82%
Guaranteed Rate	-0.03%	(3.5)	6.37%
Caliber Home Loans	-0.03%	(3.5)	28.98%
United Community Bank in Illinois	-0.03%	(3.5)	0.64%
Wells Fargo Bank	-0.02%	(3.5)	5.41%
PNC Bank	-0.01%	(3.5)	4.14%
Busey Bank	-0.01%	(3.5)	1.27%
INB, National Association	-0.01%	(3.5)	0.96%
First State Mortgage Bloomington	-0.00%	(3.5)	7.01%
Associated Bank	-0.00%	(3.5)	1.59%
US Bank	-0.00%	(3.5)	3.50%
USAA	0.00%	(3.5)	9.55%
JPMorgan Chase Bank	0.01%	(3.5)	0.32%
CEFCU	0.01%	(3.5)	0.32%
Commerce Bank	0.02%	(3.5)	0.32%
Mr. Cooper	0.03%	(3.5)	0.96%
loanDepot	0.05%	(3.5)	2.55%
LeaderOne Financial Corporation	0.05%	(3.5)	1.59%
Flat Branch Mortgage	0.05%	(3.0)	8.60%
Quicken Loans	0.05%	(3.0)	6.37%
Flanagan State Bank	0.07%	(3.0)	2.23%
Fairway Independent Mortgage Corporation	0.09%	(3.0)	3.50%

Lender Name	Rate Difference	Rate Rating	Market Share
Fortress Bank	-0.09%	(4.0)	4.67%
Guaranteed Rate	-0.04%	(3.5)	6.07%
United Community Bank in Illinois	-0.04%	(3.5)	0.93%
Wells Fargo Bank	-0.03%	(3.5)	7.94%
PNC Bank	-0.03%	(3.5)	4.67%
Busey Bank	-0.02%	(3.5)	1.40%
Associated Bank	-0.02%	(3.5)	0.93%
INB, National Association	-0.02%	(3.5)	1.40%
First State Mortgage Bloomington	-0.01%	(3.5)	7.94%
US Bank	-0.01%	(3.5)	4.67%
USAA	-0.01%	(3.5)	12.15%
JPMorgan Chase Bank	-0.01%	(3.5)	0.47%
Mr. Cooper	-0.00%	(3.5)	0.47%
CEFCU	-0.00%	(3.5)	0.47%
Caliber Home Loans	-0.00%	(3.5)	20.09%
Commerce Bank	0.01%	(3.5)	0.47%
loanDepot	0.04%	(3.5)	0.93%
Quicken Loans	0.04%	(3.5)	3.74%
Flat Branch Mortgage	0.05%	(3.5)	11.21%
LeaderOne Financial Corporation	0.05%	(3.0)	1.87%
Flanagan State Bank	0.07%	(3.0)	2.80%
Fairway Independent Mortgage Corporation	0.09%	(3.0)	4.67%

Lender Name	Rate Difference	Rate Rating	Market Share
Caliber Home Loans	-0.04%	(3.5)	48.00%
Guaranteed Rate	-0.01%	(3.5)	7.00%
Flat Branch Mortgage	0.01%	(3.5)	3.00%
First State Mortgage Bloomington	0.01%	(3.5)	5.00%
Busey Bank	0.02%	(3.5)	1.00%
Associated Bank	0.02%	(3.5)	3.00%
LeaderOne Financial Corporation	0.02%	(3.5)	1.00%
PNC Bank	0.03%	(3.5)	3.00%
US Bank	0.04%	(3.5)	1.00%
USAA	0.04%	(3.5)	4.00%
Fortress Bank	0.05%	(3.5)	2.00%
Fairway Independent Mortgage Corporation	0.05%	(3.0)	1.00%
Mr. Cooper	0.06%	(3.0)	2.00%
Flanagan State Bank	0.06%	(3.0)	1.00%
loanDepot	0.07%	(3.0)	6.00%
Quicken Loans	0.08%	(3.0)	12.00%

* Data is compiled for the Peoria, IL commuting zone area, which comprises of counties of Logan County, IL, Marshall County, IL, Mason County, IL, Peoria County, IL, Tazewell County, IL, and Woodford County, IL. This includes cities/towns/communities of Peoria, IL as well as East Peoria, IL, Morton, IL, Pekin, IL, Washington, IL, Brimfield, IL, Lincoln, IL, Germantown Hills, IL, Chillicothe, IL, Peoria Heights, IL, Bartonville, IL, Bellevue, IL, Deer Creek, IL, Lake Camelot, IL, Metamora, IL, Panola, IL, Elmwood, IL, Green Valley, IL, Hopedale, IL, Eureka, IL, Kingston Mines, IL, Goodfield, IL, Princeville, IL, Roanoke, IL, Benson, IL, Peoria Heights, IL, Lacon, IL, Latham, IL, Varna, IL, Forest City, IL, Washburn, IL, Henry, IL, Hopewell, IL, Cornland, IL, Washburn, IL, Havana, IL, Emden, IL, Topeka, IL, Mason City, IL, Bath, IL, and San Jose, IL. Lenders must have made at least 30 loans in the area to be included. Source of the data is 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 conditional on the commuting zone, 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.

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