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, we provide a data driven ranking of mortgage lenders in the Peoria, 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 Peoria, IL area is Citizens Equity First Credit Union (CEFCU), with a “Rate Rank” of 1 and an average “Rate Difference” of -0.15%. This means that Citizens Equity First Credit Union (CEFCU) provided a -0.15% lower interest rate for its customers than other lenders in Peoria, IL for a similar set of borrowers. Citizens Equity First Credit Union (CEFCU) has a market share of 24.3%. It is the most popular lender in the area.

Our detailed rankings of the mortgage lenders for 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, the cheapest lender for Conventional mortgages in Peoria, IL is Citizens Equity First Credit Union (CEFCU). If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Guaranteed Rate Inc. 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. 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 Peoria, IL

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Equity First Credit Union (CEFCU) 1, -0.15% 24.28%
United Community Bank 2, -0.07% 0.63%
Fortress Bank 3, -0.07% 5.35%
Busey Bank 4, -0.06% 3.51%
Inb, National Association 5, -0.05% 5.23%
Nationstar Mortgage 6, -0.02% 0.81%
First Mid Bank & Trust 7, -0.01% 0.65%
Associated Bank 8, -0.00% 2.12%
Morton Community Bank 9, -0.00% 9.27%
JPMorgan Chase Bank 10, 0.00% 1.37%
Heartland Bank and Trust Company 11, 0.03% 1.88%
Usaa Federal Savings Bank 12, 0.04% 0.81%
Us Bank 13, 0.04% 0.77%
Caliber Home Loans Inc 14, 0.04% 14.36%
First State Mortgage Services 15, 0.06% 1.86%
Pnc Bank 16, 0.08% 4.16%
LoanDepot 17, 0.08% 0.65%
Wells Fargo Bank 18, 0.08% 3.15%
Flanagan State Bank 19, 0.10% 1.39%
Flat Branch Mortgage Inc 20, 0.10% 4.56%
Fairway Independent Mort Corp 21, 0.12% 1.92%
LeaderOne Financial Corp 22, 0.19% 1.62%
Quicken Loans 23, 0.19% 5.29%
Commerce Bank 24, 0.20% 0.79%
Guaranteed Rate Inc 25, 0.20% 3.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Equity First Credit Union (CEFCU) 1, -0.13% 22.73%
United Community Bank 2, -0.10% 0.73%
Nationstar Mortgage 3, -0.09% 0.79%
Fortress Bank 4, -0.09% 6.96%
Inb, National Association 5, -0.06% 5.48%
Busey Bank 6, -0.05% 2.80%
Pnc Bank 7, -0.02% 3.53%
First Mid Bank & Trust 8, -0.02% 0.76%
Associated Bank 9, -0.02% 1.49%
JPMorgan Chase Bank 10, -0.02% 1.72%
Morton Community Bank 11, 0.02% 8.39%
Usaa Federal Savings Bank 12, 0.03% 0.99%
Wells Fargo Bank 13, 0.03% 3.61%
Us Bank 14, 0.03% 0.84%
Commerce Bank 15, 0.04% 0.38%
LoanDepot 16, 0.05% 0.35%
First State Mortgage Services 17, 0.05% 2.27%
Caliber Home Loans Inc 18, 0.06% 14.74%
Heartland Bank and Trust Company 19, 0.06% 1.43%
Flat Branch Mortgage Inc 20, 0.09% 6.06%
Fairway Independent Mort Corp 21, 0.12% 2.68%
Flanagan State Bank 22, 0.13% 1.37%
Quicken Loans 23, 0.17% 3.44%
LeaderOne Financial Corp 24, 0.21% 1.95%
Guaranteed Rate Inc 25, 0.21% 4.52%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Equity First Credit Union (CEFCU) 1, -0.17% 27.78%
Busey Bank 2, -0.07% 5.13%
Morton Community Bank 3, -0.03% 11.26%
Inb, National Association 4, -0.03% 4.67%
Fortress Bank 5, -0.01% 1.71%
Caliber Home Loans Inc 6, 0.00% 13.50%
Heartland Bank and Trust Company 7, 0.01% 2.90%
Flanagan State Bank 8, 0.02% 1.45%
Associated Bank 9, 0.02% 3.55%
First Mid Bank & Trust 10, 0.03% 0.39%
United Community Bank 11, 0.03% 0.39%
Usaa Federal Savings Bank 12, 0.05% 0.39%
Fairway Independent Mort Corp 13, 0.07% 0.20%
Us Bank 14, 0.07% 0.59%
First State Mortgage Services 15, 0.07% 0.92%
JPMorgan Chase Bank 16, 0.07% 0.59%
Guaranteed Rate Inc 17, 0.07% 1.45%
Flat Branch Mortgage Inc 18, 0.08% 1.18%
LeaderOne Financial Corp 19, 0.09% 0.86%
LoanDepot 20, 0.12% 1.32%
Nationstar Mortgage 21, 0.14% 0.86%
Quicken Loans 22, 0.23% 9.48%
Pnc Bank 23, 0.23% 5.60%
Wells Fargo Bank 24, 0.27% 2.11%
Commerce Bank 25, 0.29% 1.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Equity First Credit Union (CEFCU) 1, -0.14% 31.74%
United Community Bank 2, -0.08% 0.72%
Busey Bank 3, -0.05% 4.16%
Inb, National Association 4, -0.05% 6.68%
First Mid Bank & Trust 5, -0.00% 0.85%
Associated Bank 6, 0.00% 2.60%
Fortress Bank 7, 0.00% 4.88%
Morton Community Bank 8, 0.01% 12.14%
JPMorgan Chase Bank 9, 0.01% 1.70%
Flanagan State Bank 10, 0.03% 1.06%
Heartland Bank and Trust Company 11, 0.04% 2.41%
Us Bank 12, 0.06% 0.64%
Usaa Federal Savings Bank 13, 0.08% 0.26%
First State Mortgage Services 14, 0.09% 1.09%
Wells Fargo Bank 15, 0.10% 3.63%
Pnc Bank 16, 0.11% 4.66%
LoanDepot 17, 0.11% 0.45%
Fairway Independent Mort Corp 18, 0.11% 0.66%
Nationstar Mortgage 19, 0.12% 0.24%
LeaderOne Financial Corp 20, 0.14% 0.66%
Caliber Home Loans Inc 21, 0.14% 9.49%
Guaranteed Rate Inc 22, 0.18% 1.93%
Flat Branch Mortgage Inc 23, 0.19% 3.05%
Commerce Bank 24, 0.22% 0.95%
Quicken Loans 25, 0.33% 3.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Equity First Credit Union (CEFCU) 1, -0.13% 31.15%
United Community Bank 2, -0.11% 0.84%
Inb, National Association 3, -0.06% 7.26%
Busey Bank 4, -0.03% 3.21%
Associated Bank 5, -0.02% 1.88%
First Mid Bank & Trust 6, -0.01% 1.04%
JPMorgan Chase Bank 7, -0.01% 2.21%
Pnc Bank 8, -0.00% 3.97%
Fortress Bank 9, -0.00% 6.46%
Morton Community Bank 10, 0.03% 11.55%
Wells Fargo Bank 11, 0.04% 4.21%
LoanDepot 12, 0.05% 0.16%
Us Bank 13, 0.06% 0.64%
Commerce Bank 14, 0.06% 0.40%
Flanagan State Bank 15, 0.06% 0.80%
Nationstar Mortgage 16, 0.06% 0.16%
Heartland Bank and Trust Company 17, 0.07% 1.88%
Usaa Federal Savings Bank 18, 0.08% 0.32%
First State Mortgage Services 19, 0.09% 1.32%
Fairway Independent Mort Corp 20, 0.11% 0.96%
LeaderOne Financial Corp 21, 0.16% 0.68%
Caliber Home Loans Inc 22, 0.18% 10.10%
Guaranteed Rate Inc 23, 0.19% 2.49%
Flat Branch Mortgage Inc 24, 0.20% 4.01%
Quicken Loans 25, 0.27% 2.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Equity First Credit Union (CEFCU) 1, -0.16% 32.89%
Busey Bank 2, -0.07% 6.02%
Morton Community Bank 3, -0.03% 13.28%
Inb, National Association 4, -0.02% 5.55%
Fortress Bank 5, -0.02% 1.80%
Flanagan State Bank 6, 0.02% 1.56%
Heartland Bank and Trust Company 7, 0.02% 3.44%
Associated Bank 8, 0.03% 3.98%
First Mid Bank & Trust 9, 0.03% 0.47%
United Community Bank 10, 0.03% 0.47%
Caliber Home Loans Inc 11, 0.05% 8.28%
Usaa Federal Savings Bank 12, 0.05% 0.16%
Fairway Independent Mort Corp 13, 0.06% 0.08%
Us Bank 14, 0.07% 0.62%
JPMorgan Chase Bank 15, 0.08% 0.70%
LeaderOne Financial Corp 16, 0.08% 0.62%
Flat Branch Mortgage Inc 17, 0.09% 1.17%
First State Mortgage Services 18, 0.10% 0.62%
Guaranteed Rate Inc 19, 0.12% 0.86%
LoanDepot 20, 0.14% 1.02%
Nationstar Mortgage 21, 0.18% 0.39%
Pnc Bank 22, 0.26% 6.02%
Wells Fargo Bank 23, 0.28% 2.50%
Commerce Bank 24, 0.30% 2.03%
Quicken Loans 25, 0.39% 5.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fortress Bank 1, -0.28% 8.09%
Pnc Bank 2, -0.13% 1.64%
Busey Bank 3, -0.12% 1.52%
Nationstar Mortgage 4, -0.09% 3.28%
Caliber Home Loans Inc 5, -0.08% 30.72%
Inb, National Association 6, -0.05% 0.47%
Flat Branch Mortgage Inc 7, -0.04% 9.85%
United Community Bank 8, -0.04% 0.23%
JPMorgan Chase Bank 9, -0.00% 0.23%
Us Bank 10, 0.00% 0.23%
Commerce Bank 11, 0.00% 0.23%
Citizens Equity First Credit Union (CEFCU) 12, 0.01% 0.12%
Heartland Bank and Trust Company 13, 0.01% 0.23%
Associated Bank 14, 0.02% 0.23%
Wells Fargo Bank 15, 0.03% 0.12%
LoanDepot 16, 0.03% 0.82%
First State Mortgage Services 17, 0.03% 3.40%
Quicken Loans 18, 0.05% 13.48%
Fairway Independent Mort Corp 19, 0.11% 6.92%
Flanagan State Bank 20, 0.20% 2.58%
LeaderOne Financial Corp 21, 0.21% 5.86%
Guaranteed Rate Inc 22, 0.25% 9.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fortress Bank 1, -0.29% 9.46%
Pnc Bank 2, -0.17% 1.53%
Nationstar Mortgage 3, -0.14% 3.06%
Busey Bank 4, -0.12% 1.81%
Caliber Home Loans Inc 5, -0.08% 29.35%
Inb, National Association 6, -0.05% 0.56%
Flat Branch Mortgage Inc 7, -0.04% 11.68%
United Community Bank 8, -0.04% 0.28%
JPMorgan Chase Bank 9, -0.01% 0.28%
Us Bank 10, 0.00% 0.28%
Commerce Bank 11, 0.00% 0.28%
Citizens Equity First Credit Union (CEFCU) 12, 0.01% 0.14%
Heartland Bank and Trust Company 13, 0.01% 0.28%
Associated Bank 14, 0.02% 0.28%
Wells Fargo Bank 15, 0.03% 0.14%
LoanDepot 16, 0.03% 0.83%
First State Mortgage Services 17, 0.03% 3.89%
Quicken Loans 18, 0.06% 7.37%
Fairway Independent Mort Corp 19, 0.11% 8.07%
Flanagan State Bank 20, 0.21% 2.92%
LeaderOne Financial Corp 21, 0.22% 6.40%
Guaranteed Rate Inc 22, 0.25% 11.13%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.08% 38.06%
Fortress Bank 2, 0.01% 0.75%
Pnc Bank 3, 0.02% 2.24%
Fairway Independent Mort Corp 4, 0.04% 0.75%
First State Mortgage Services 5, 0.04% 0.75%
Quicken Loans 6, 0.04% 46.27%
Flanagan State Bank 7, 0.04% 0.75%
Guaranteed Rate Inc 8, 0.04% 2.24%
LoanDepot 9, 0.05% 0.75%
LeaderOne Financial Corp 10, 0.10% 2.99%
Nationstar Mortgage 11, 0.10% 4.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranteed Rate Inc 1, -0.00% 10.00%
Pnc Bank 2, -0.00% 30.00%
Citizens Equity First Credit Union (CEFCU) 3, -0.00% 20.00%
JPMorgan Chase Bank 4, 0.00% 10.00%
Wells Fargo Bank 5, 0.00% 10.00%
Morton Community Bank 6, 0.00% 10.00%
Us Bank 7, 0.01% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Pnc Bank 1, -0.00% 20.00%
JPMorgan Chase Bank 2, -0.00% 20.00%
Citizens Equity First Credit Union (CEFCU) 3, -0.00% 20.00%
Wells Fargo Bank 4, -0.00% 20.00%
Us Bank 5, 0.00% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranteed Rate Inc 1, -0.00% 20.00%
Citizens Equity First Credit Union (CEFCU) 2, 0.00% 20.00%
Pnc Bank 3, 0.00% 40.00%
Morton Community Bank 4, 0.00% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fortress Bank 1, -0.06% 3.82%
Guaranteed Rate Inc 2, -0.03% 6.37%
Caliber Home Loans Inc 3, -0.03% 28.98%
United Community Bank 4, -0.03% 0.64%
Wells Fargo Bank 5, -0.02% 5.41%
Pnc Bank 6, -0.01% 4.14%
Busey Bank 7, -0.01% 1.27%
Inb, National Association 8, -0.01% 0.96%
First State Mortgage Services 9, -0.00% 7.01%
Associated Bank 10, -0.00% 1.59%
Us Bank 11, -0.00% 3.50%
Usaa Federal Savings Bank 12, 0.00% 9.55%
JPMorgan Chase Bank 13, 0.01% 0.32%
Citizens Equity First Credit Union (CEFCU) 14, 0.01% 0.32%
Commerce Bank 15, 0.02% 0.32%
Nationstar Mortgage 16, 0.03% 0.96%
LoanDepot 17, 0.05% 2.55%
LeaderOne Financial Corp 18, 0.05% 1.59%
Flat Branch Mortgage Inc 19, 0.05% 8.60%
Quicken Loans 20, 0.05% 6.37%
Flanagan State Bank 21, 0.07% 2.23%
Fairway Independent Mort Corp 22, 0.09% 3.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fortress Bank 1, -0.09% 4.67%
Guaranteed Rate Inc 2, -0.04% 6.07%
United Community Bank 3, -0.04% 0.93%
Wells Fargo Bank 4, -0.03% 7.94%
Pnc Bank 5, -0.03% 4.67%
Busey Bank 6, -0.02% 1.40%
Associated Bank 7, -0.02% 0.93%
Inb, National Association 8, -0.02% 1.40%
First State Mortgage Services 9, -0.01% 7.94%
Us Bank 10, -0.01% 4.67%
Usaa Federal Savings Bank 11, -0.01% 12.15%
JPMorgan Chase Bank 12, -0.01% 0.47%
Nationstar Mortgage 13, -0.00% 0.47%
Citizens Equity First Credit Union (CEFCU) 14, -0.00% 0.47%
Caliber Home Loans Inc 15, -0.00% 20.09%
Commerce Bank 16, 0.01% 0.47%
LoanDepot 17, 0.04% 0.93%
Quicken Loans 18, 0.04% 3.74%
Flat Branch Mortgage Inc 19, 0.05% 11.21%
LeaderOne Financial Corp 20, 0.05% 1.87%
Flanagan State Bank 21, 0.07% 2.80%
Fairway Independent Mort Corp 22, 0.09% 4.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.04% 48.00%
Guaranteed Rate Inc 2, -0.01% 7.00%
Flat Branch Mortgage Inc 3, 0.01% 3.00%
First State Mortgage Services 4, 0.01% 5.00%
Busey Bank 5, 0.02% 1.00%
Associated Bank 6, 0.02% 3.00%
LeaderOne Financial Corp 7, 0.02% 1.00%
Pnc Bank 8, 0.03% 3.00%
Us Bank 9, 0.04% 1.00%
Usaa Federal Savings Bank 10, 0.04% 4.00%
Fortress Bank 11, 0.05% 2.00%
Fairway Independent Mort Corp 12, 0.05% 1.00%
Nationstar Mortgage 13, 0.06% 2.00%
Flanagan State Bank 14, 0.06% 1.00%
LoanDepot 15, 0.07% 6.00%
Quicken Loans 16, 0.08% 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 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 Peoria, IL area. For mortgage lender rankings of other cities, click here.