Top Mortgage Lenders in the Decatur, IL area

Which mortgage lender in the Decatur, 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 Decatur, 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 Decatur, IL area is Dieterich Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.20%. This means that Dieterich Bank provided a -0.20% lower interest rate for its customers than other lenders in Decatur, IL for a similar set of borrowers. Dieterich Bank has a market share of 9.4%. On the other hand, the most popular lender in the market is Town and Country Banc Mortgage, with a market share of 12.6%. Town and Country Banc Mortgage 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 Decatur, 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 Decatur, IL is Dieterich 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 Dieterich 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 First State Mortgage Services. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, -0.20% 9.39%
Prairie State Bank and Trust 2, -0.08% 10.09%
Busey Bank 3, -0.05% 7.67%
First Mid Bank & Trust 4, -0.03% 8.76%
Citizens Equity First Credit Union (CEFCU) 5, -0.02% 3.00%
Town and Country Banc Mortgage 6, -0.00% 12.62%
Wells Fargo Bank 7, 0.00% 2.13%
Petefish Skiles & Co Bank 8, 0.02% 7.32%
JPMorgan Chase Bank 9, 0.03% 2.25%
Pnc Bank 10, 0.04% 4.15%
First State Mortgage Services 11, 0.04% 2.07%
Regions Bank 12, 0.06% 6.05%
Us Bank 13, 0.06% 2.59%
Midland States Bank 14, 0.07% 1.84%
CIBM Bank 15, 0.07% 2.94%
Draper and Kramer Mortgage Corp 16, 0.07% 5.36%
Quicken Loans 17, 0.15% 11.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, -0.15% 7.36%
Busey Bank 2, -0.06% 8.19%
Prairie State Bank and Trust 3, -0.05% 7.53%
Citizens Equity First Credit Union (CEFCU) 4, -0.04% 3.47%
First Mid Bank & Trust 5, -0.04% 7.86%
Wells Fargo Bank 6, -0.02% 2.23%
JPMorgan Chase Bank 7, -0.02% 2.23%
Town and Country Banc Mortgage 8, -0.01% 15.30%
Pnc Bank 9, 0.01% 3.89%
Regions Bank 10, 0.03% 7.20%
First State Mortgage Services 11, 0.03% 2.65%
Petefish Skiles & Co Bank 12, 0.03% 5.29%
Us Bank 13, 0.06% 2.89%
Midland States Bank 14, 0.06% 2.15%
CIBM Bank 15, 0.06% 4.14%
Draper and Kramer Mortgage Corp 16, 0.06% 7.36%
Quicken Loans 17, 0.11% 10.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, -0.24% 14.07%
Prairie State Bank and Trust 2, -0.09% 15.97%
Busey Bank 3, -0.02% 6.46%
First Mid Bank & Trust 4, -0.00% 10.84%
Town and Country Banc Mortgage 5, -0.00% 6.46%
Citizens Equity First Credit Union (CEFCU) 6, 0.00% 1.90%
Petefish Skiles & Co Bank 7, 0.01% 11.98%
First State Mortgage Services 8, 0.04% 0.76%
CIBM Bank 9, 0.05% 0.19%
Draper and Kramer Mortgage Corp 10, 0.06% 0.76%
Wells Fargo Bank 11, 0.06% 1.90%
Midland States Bank 12, 0.08% 1.14%
Us Bank 13, 0.08% 1.90%
Pnc Bank 14, 0.10% 4.75%
JPMorgan Chase Bank 15, 0.12% 2.28%
Regions Bank 16, 0.16% 3.42%
Quicken Loans 17, 0.20% 15.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, -0.20% 11.99%
Prairie State Bank and Trust 2, -0.08% 12.95%
Busey Bank 3, -0.06% 7.33%
First Mid Bank & Trust 4, -0.03% 11.18%
Citizens Equity First Credit Union (CEFCU) 5, -0.03% 3.85%
Wells Fargo Bank 6, -0.00% 2.22%
Petefish Skiles & Co Bank 7, 0.01% 9.40%
JPMorgan Chase Bank 8, 0.02% 2.89%
First State Mortgage Services 9, 0.03% 1.55%
Draper and Kramer Mortgage Corp 10, 0.04% 3.40%
Town and Country Banc Mortgage 11, 0.06% 10.14%
Us Bank 12, 0.07% 2.52%
Midland States Bank 13, 0.07% 1.92%
Pnc Bank 14, 0.08% 3.40%
CIBM Bank 15, 0.10% 2.07%
Regions Bank 16, 0.13% 5.26%
Quicken Loans 17, 0.24% 7.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, -0.17% 10.02%
Busey Bank 2, -0.09% 7.86%
Prairie State Bank and Trust 3, -0.07% 10.36%
Citizens Equity First Credit Union (CEFCU) 4, -0.05% 4.78%
First Mid Bank & Trust 5, -0.05% 10.82%
Wells Fargo Bank 6, -0.04% 2.28%
JPMorgan Chase Bank 7, -0.03% 3.08%
First State Mortgage Services 8, 0.02% 1.94%
Petefish Skiles & Co Bank 9, 0.02% 7.29%
Draper and Kramer Mortgage Corp 10, 0.02% 4.90%
Pnc Bank 11, 0.05% 3.42%
Midland States Bank 12, 0.06% 2.39%
Us Bank 13, 0.06% 2.85%
Town and Country Banc Mortgage 14, 0.08% 11.85%
CIBM Bank 15, 0.09% 3.08%
Regions Bank 16, 0.12% 6.15%
Quicken Loans 17, 0.18% 6.95%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, -0.23% 15.64%
Prairie State Bank and Trust 2, -0.09% 17.76%
Busey Bank 3, -0.02% 6.34%
First Mid Bank & Trust 4, -0.00% 11.84%
Town and Country Banc Mortgage 5, -0.00% 6.98%
Citizens Equity First Credit Union (CEFCU) 6, 0.01% 2.11%
Petefish Skiles & Co Bank 7, 0.02% 13.32%
First State Mortgage Services 8, 0.05% 0.85%
CIBM Bank 9, 0.06% 0.21%
Wells Fargo Bank 10, 0.07% 2.11%
Draper and Kramer Mortgage Corp 11, 0.07% 0.63%
Midland States Bank 12, 0.09% 1.06%
Us Bank 13, 0.09% 1.90%
JPMorgan Chase Bank 14, 0.13% 2.54%
Pnc Bank 15, 0.14% 3.38%
Regions Bank 16, 0.17% 3.59%
Quicken Loans 17, 0.32% 9.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.11% 23.87%
Regions Bank 2, -0.11% 10.00%
Pnc Bank 3, -0.04% 7.10%
Busey Bank 4, -0.01% 8.39%
Us Bank 5, 0.06% 1.94%
CIBM Bank 6, 0.06% 6.77%
Quicken Loans 7, 0.07% 24.19%
First State Mortgage Services 8, 0.07% 3.87%
Midland States Bank 9, 0.08% 0.97%
Draper and Kramer Mortgage Corp 10, 0.13% 12.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.11% 26.71%
Regions Bank 2, -0.11% 10.83%
Pnc Bank 3, -0.06% 5.42%
Busey Bank 4, -0.01% 8.66%
Us Bank 5, 0.06% 2.17%
CIBM Bank 6, 0.06% 7.58%
First State Mortgage Services 7, 0.08% 4.33%
Quicken Loans 8, 0.08% 18.77%
Midland States Bank 9, 0.08% 1.08%
Draper and Kramer Mortgage Corp 10, 0.13% 14.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Pnc Bank 1, -0.02% 21.21%
Busey Bank 2, 0.00% 6.06%
Quicken Loans 3, 0.00% 69.70%
Regions Bank 4, 0.03% 3.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, 0.00% 33.33%
Midland States Bank 2, 0.00% 33.33%
First Mid Bank & Trust 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Dieterich Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Midland States Bank 1, 0.00% 50.00%
First Mid Bank & Trust 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First State Mortgage Services 1, -0.03% 4.23%
Town and Country Banc Mortgage 2, -0.03% 11.27%
Wells Fargo Bank 3, -0.03% 9.86%
Regions Bank 4, -0.01% 4.23%
Midland States Bank 5, -0.01% 2.82%
Busey Bank 6, -0.00% 11.27%
Pnc Bank 7, -0.00% 5.63%
CIBM Bank 8, 0.00% 2.82%
Quicken Loans 9, 0.00% 30.99%
Us Bank 10, 0.01% 7.04%
Draper and Kramer Mortgage Corp 11, 0.07% 9.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First State Mortgage Services 1, -0.03% 5.66%
Town and Country Banc Mortgage 2, -0.03% 13.21%
Wells Fargo Bank 3, -0.02% 13.21%
Regions Bank 4, -0.01% 5.66%
Midland States Bank 5, -0.01% 3.77%
Quicken Loans 6, -0.00% 20.75%
Pnc Bank 7, -0.00% 3.77%
Busey Bank 8, 0.00% 11.32%
CIBM Bank 9, 0.00% 3.77%
Us Bank 10, 0.01% 7.55%
Draper and Kramer Mortgage Corp 11, 0.08% 11.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Busey Bank 1, -0.02% 11.11%
Draper and Kramer Mortgage Corp 2, -0.02% 5.56%
Pnc Bank 3, -0.01% 11.11%
Us Bank 4, -0.01% 5.56%
Town and Country Banc Mortgage 5, -0.01% 5.56%
Quicken Loans 6, 0.01% 61.11%

* Data is compiled for the Decatur, IL commuting zone area, which comprises of counties of Coles County, IL, Cumberland County, IL, Effingham County, IL, Jasper County, IL, Macon County, IL, Moultrie County, IL, and Shelby County, IL. This includes cities/towns/communities of Decatur, IL as well as Mount Zion, IL, Mattoon, IL, Effingham, IL, Charleston, IL, Forsyth, IL, Oreana, IL, Sullivan, IL, Dieterich, IL, Beecher City, IL, Montrose, IL, Montrose, IL, Niantic, IL, Altamont, IL, Argenta, IL, Strasburg, IL, Shelbyville, IL, Ashmore, IL, Watson, IL, Arthur, IL, Boody, IL, Stewardson, IL, Ste. Marie, IL, Newton, IL, Findlay, IL, Jewett, IL, Macon, IL, Yale, IL, Dalton City, IL, Oakland, IL, Tower Hill, IL, Cowden, IL, and Greenup, 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.

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