Top Mortgage Lenders in Champaign, IL

Which mortgage lender in the Champaign, 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 Champaign, 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 Champaign, IL area is Marine Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.15%. This means that Marine Bank provided a -0.15% lower interest rate for its customers than other lenders in Champaign, IL for a similar set of borrowers. Marine Bank has a market share of 7.2%. On the other hand, the most popular lender in the market is Busey Bank, with a market share of 22.0%. Busey Bank is an average rate lender in this area, with a “Rate Difference” of -0.11% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Champaign, 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 Champaign, IL is Marine Bank. 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 University of Illinois Community Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Flagstar Bank. The cheapest VA mortgage provider is LoanDepot. 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 Champaign, IL

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Marine Bank 1, -0.15% 7.16%
Busey Bank 2, -0.11% 21.96%
Wells Fargo Bank 3, -0.04% 6.35%
Inb, National Association 4, -0.00% 10.08%
Heartland Bank and Trust Company 5, -0.00% 3.26%
First Mid Bank & Trust 6, 0.00% 4.16%
CIBM Bank 7, 0.01% 1.54%
JPMorgan Chase Bank 8, 0.02% 4.55%
LoanDepot 9, 0.02% 1.46%
Flagstar Bank 10, 0.02% 1.89%
Community Banc Mortgage Corp 11, 0.03% 1.54%
University of Illinois Community Credit Union 12, 0.03% 4.72%
Midland States Bank 13, 0.04% 3.47%
Pnc Bank 14, 0.04% 3.22%
Guaranteed Rate Inc 15, 0.05% 1.50%
First State Mortgage Services 16, 0.06% 3.17%
Fairway Independent Mort Corp 17, 0.07% 2.96%
Quicken Loans 18, 0.14% 7.55%
Petefish Skiles & Co Bank 19, 0.15% 1.42%
Primelending 20, 0.16% 8.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Marine Bank 1, -0.13% 6.79%
Busey Bank 2, -0.09% 22.37%
Wells Fargo Bank 3, -0.05% 5.13%
First Mid Bank & Trust 4, -0.02% 3.66%
CIBM Bank 5, -0.01% 1.93%
JPMorgan Chase Bank 6, -0.00% 5.73%
Inb, National Association 7, -0.00% 10.39%
Pnc Bank 8, 0.00% 2.20%
Heartland Bank and Trust Company 9, 0.00% 3.00%
Community Banc Mortgage Corp 10, 0.01% 1.26%
Flagstar Bank 11, 0.01% 2.53%
University of Illinois Community Credit Union 12, 0.03% 4.39%
LoanDepot 13, 0.03% 1.20%
Midland States Bank 14, 0.04% 3.93%
Guaranteed Rate Inc 15, 0.05% 1.80%
First State Mortgage Services 16, 0.06% 3.33%
Fairway Independent Mort Corp 17, 0.06% 4.26%
Quicken Loans 18, 0.10% 4.66%
Petefish Skiles & Co Bank 19, 0.14% 0.73%
Primelending 20, 0.17% 10.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Marine Bank 1, -0.17% 7.84%
Busey Bank 2, -0.15% 21.23%
Wells Fargo Bank 3, -0.01% 8.56%
Inb, National Association 4, -0.01% 9.53%
Heartland Bank and Trust Company 5, -0.00% 3.74%
LoanDepot 6, 0.01% 1.93%
Midland States Bank 7, 0.03% 2.65%
First Mid Bank & Trust 8, 0.03% 5.07%
Guaranteed Rate Inc 9, 0.04% 0.97%
University of Illinois Community Credit Union 10, 0.04% 5.31%
Community Banc Mortgage Corp 11, 0.05% 2.05%
First State Mortgage Services 12, 0.05% 2.90%
CIBM Bank 13, 0.05% 0.84%
Flagstar Bank 14, 0.05% 0.72%
Fairway Independent Mort Corp 15, 0.07% 0.60%
Primelending 16, 0.07% 3.14%
Pnc Bank 17, 0.08% 5.07%
JPMorgan Chase Bank 18, 0.12% 2.41%
Petefish Skiles & Co Bank 19, 0.17% 2.65%
Quicken Loans 20, 0.19% 12.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Marine Bank 1, -0.15% 8.02%
Busey Bank 2, -0.11% 24.53%
Wells Fargo Bank 3, -0.03% 7.00%
Inb, National Association 4, 0.01% 10.99%
Heartland Bank and Trust Company 5, 0.01% 3.88%
First Mid Bank & Trust 6, 0.01% 4.96%
CIBM Bank 7, 0.02% 1.58%
JPMorgan Chase Bank 8, 0.03% 5.11%
Community Banc Mortgage Corp 9, 0.04% 1.84%
University of Illinois Community Credit Union 10, 0.04% 5.47%
Fairway Independent Mort Corp 11, 0.05% 1.79%
Midland States Bank 12, 0.06% 2.86%
Pnc Bank 13, 0.06% 3.27%
Flagstar Bank 14, 0.06% 1.43%
First State Mortgage Services 15, 0.07% 2.04%
LoanDepot 16, 0.07% 0.51%
Guaranteed Rate Inc 17, 0.08% 0.72%
Primelending 18, 0.16% 6.95%
Petefish Skiles & Co Bank 19, 0.16% 1.69%
Quicken Loans 20, 0.23% 5.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Marine Bank 1, -0.13% 7.73%
Busey Bank 2, -0.09% 25.08%
Wells Fargo Bank 3, -0.05% 5.43%
First Mid Bank & Trust 4, -0.01% 4.52%
CIBM Bank 5, -0.00% 1.97%
JPMorgan Chase Bank 6, 0.01% 6.74%
Heartland Bank and Trust Company 7, 0.01% 3.70%
Inb, National Association 8, 0.02% 11.51%
Pnc Bank 9, 0.02% 2.22%
Community Banc Mortgage Corp 10, 0.02% 1.56%
University of Illinois Community Credit Union 11, 0.04% 5.26%
Fairway Independent Mort Corp 12, 0.04% 2.55%
Flagstar Bank 13, 0.06% 1.89%
Midland States Bank 14, 0.06% 3.12%
LoanDepot 15, 0.07% 0.74%
First State Mortgage Services 16, 0.08% 1.64%
Guaranteed Rate Inc 17, 0.10% 0.66%
Petefish Skiles & Co Bank 18, 0.15% 0.90%
Quicken Loans 19, 0.17% 3.45%
Primelending 20, 0.17% 9.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Marine Bank 1, -0.17% 8.50%
Busey Bank 2, -0.14% 23.62%
Inb, National Association 3, -0.01% 10.12%
Wells Fargo Bank 4, -0.01% 9.58%
Heartland Bank and Trust Company 5, 0.00% 4.18%
Midland States Bank 6, 0.04% 2.43%
First Mid Bank & Trust 7, 0.04% 5.67%
LoanDepot 8, 0.04% 0.13%
Guaranteed Rate Inc 9, 0.05% 0.81%
University of Illinois Community Credit Union 10, 0.05% 5.80%
Community Banc Mortgage Corp 11, 0.06% 2.29%
CIBM Bank 12, 0.06% 0.94%
First State Mortgage Services 13, 0.06% 2.70%
Flagstar Bank 14, 0.06% 0.67%
Primelending 15, 0.08% 3.10%
Fairway Independent Mort Corp 16, 0.09% 0.54%
Pnc Bank 17, 0.09% 4.99%
JPMorgan Chase Bank 18, 0.14% 2.43%
Petefish Skiles & Co Bank 19, 0.17% 2.97%
Quicken Loans 20, 0.28% 8.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.10% 4.94%
Inb, National Association 2, -0.10% 4.94%
Busey Bank 3, -0.07% 7.60%
Marine Bank 4, -0.07% 1.14%
Pnc Bank 5, -0.06% 2.28%
CIBM Bank 6, -0.06% 0.76%
Midland States Bank 7, -0.04% 8.37%
LoanDepot 8, -0.03% 6.08%
Quicken Loans 9, -0.03% 22.05%
Guaranteed Rate Inc 10, -0.02% 6.08%
First State Mortgage Services 11, 0.00% 9.89%
Fairway Independent Mort Corp 12, 0.04% 10.27%
Primelending 13, 0.17% 15.59%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Inb, National Association 1, -0.12% 4.88%
Flagstar Bank 2, -0.11% 5.85%
Pnc Bank 3, -0.08% 1.46%
Busey Bank 4, -0.08% 9.76%
Marine Bank 5, -0.08% 1.46%
Quicken Loans 6, -0.07% 10.24%
CIBM Bank 7, -0.06% 0.98%
LoanDepot 8, -0.05% 4.39%
Midland States Bank 9, -0.04% 9.76%
Guaranteed Rate Inc 10, -0.03% 7.32%
First State Mortgage Services 11, -0.00% 11.71%
Fairway Independent Mort Corp 12, 0.04% 13.17%
Primelending 13, 0.18% 19.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Pnc Bank 1, -0.03% 5.17%
Midland States Bank 2, -0.03% 3.45%
Guaranteed Rate Inc 3, -0.02% 1.72%
First State Mortgage Services 4, -0.02% 3.45%
Flagstar Bank 5, -0.02% 1.72%
Inb, National Association 6, -0.01% 5.17%
LoanDepot 7, 0.00% 12.07%
Primelending 8, 0.00% 3.45%
Quicken Loans 9, 0.01% 63.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
University of Illinois Community Credit Union 1, -0.00% 22.22%
JPMorgan Chase Bank 2, 0.00% 44.44%
Wells Fargo Bank 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
University of Illinois Community Credit Union 1, -0.00% 16.67%
Wells Fargo Bank 2, -0.00% 50.00%
JPMorgan Chase Bank 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
University of Illinois Community Credit Union 1, 0.00% 33.33%
JPMorgan Chase Bank 2, 0.00% 66.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.06% 7.84%
Busey Bank 2, -0.04% 11.76%
Inb, National Association 3, -0.03% 6.86%
Pnc Bank 4, -0.02% 4.90%
Marine Bank 5, -0.02% 6.86%
CIBM Bank 6, -0.00% 2.94%
Flagstar Bank 7, -0.00% 2.94%
Wells Fargo Bank 8, -0.00% 7.84%
University of Illinois Community Credit Union 9, 0.00% 0.98%
Midland States Bank 10, 0.00% 2.94%
First State Mortgage Services 11, 0.00% 7.84%
Guaranteed Rate Inc 12, 0.01% 4.90%
JPMorgan Chase Bank 13, 0.01% 1.96%
Quicken Loans 14, 0.03% 12.75%
Fairway Independent Mort Corp 15, 0.04% 6.86%
Primelending 16, 0.07% 9.80%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Busey Bank 1, -0.05% 14.67%
Inb, National Association 2, -0.04% 8.00%
Pnc Bank 3, -0.03% 4.00%
Marine Bank 4, -0.03% 6.67%
CIBM Bank 5, -0.01% 4.00%
Flagstar Bank 6, -0.01% 4.00%
Wells Fargo Bank 7, -0.01% 10.67%
University of Illinois Community Credit Union 8, -0.01% 1.33%
Midland States Bank 9, -0.00% 1.33%
Guaranteed Rate Inc 10, 0.00% 5.33%
First State Mortgage Services 11, 0.00% 8.00%
JPMorgan Chase Bank 12, 0.01% 2.67%
Fairway Independent Mort Corp 13, 0.04% 8.00%
Quicken Loans 14, 0.04% 9.33%
Primelending 15, 0.06% 12.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.04% 29.63%
Busey Bank 2, -0.00% 3.70%
First State Mortgage Services 3, -0.00% 7.41%
Pnc Bank 4, 0.01% 7.41%
Marine Bank 5, 0.01% 7.41%
Midland States Bank 6, 0.02% 7.41%
Inb, National Association 7, 0.02% 3.70%
Fairway Independent Mort Corp 8, 0.02% 3.70%
Guaranteed Rate Inc 9, 0.02% 3.70%
Quicken Loans 10, 0.03% 22.22%
Primelending 11, 0.04% 3.70%

* Data is compiled for the Champaign, IL commuting zone area, which comprises of counties of Champaign County, IL, Douglas County, IL, Ford County, IL, and Piatt County, IL. This includes cities/towns/communities of Champaign, IL as well as Urbana, IL, Mahomet, IL, Pesotum, IL, Ogden, IL, Monticello, IL, Savoy, IL, Paxton, IL, Rantoul, IL, Mansfield, IL, Fisher, IL, Broadlands, IL, Tuscola, IL, Gibson City, IL, Camargo, IL, Gifford, IL, Arcola, IL, Atwood, IL, Cisco, IL, Atwood, IL, Newman, IL, Melvin, IL, and Piper City, 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 Champaign, IL area. For mortgage lender rankings of other cities, click here.