Top Mortgage Lenders in Bourbonnais, IL

Which mortgage lender in the Bourbonnais, 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 Bourbonnais, 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 Bourbonnais, IL area is Wells Fargo Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.08%. This means that Wells Fargo Bank provided a -0.08% lower interest rate for its customers than other lenders in Bourbonnais, IL for a similar set of borrowers. Wells Fargo Bank has a market share of 12.0%. On the other hand, the most popular lender in the market is Midland States Bank, with a market share of 33.5%. Midland States Bank is an average rate lender in this area, with a “Rate Difference” of +0.02% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Bourbonnais, 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, Wells Fargo Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Bourbonnais, IL. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Quicken Loans. The cheapest VA mortgage provider is Midland States 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 Bourbonnais, IL

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.08% 11.95%
First American Bank 2, -0.08% 4.26%
JPMorgan Chase Bank 3, -0.03% 4.53%
Pnc Bank 4, -0.03% 5.36%
Quicken Loans 5, 0.00% 21.57%
Guaranteed Rate Inc 6, 0.01% 5.77%
Midland States Bank 7, 0.02% 33.52%
Flanagan State Bank 8, 0.04% 6.46%
First Financial Bank 9, 0.09% 6.59%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.11% 13.06%
First American Bank 2, -0.06% 3.00%
JPMorgan Chase Bank 3, -0.05% 4.07%
Pnc Bank 4, -0.02% 4.71%
Quicken Loans 5, -0.01% 16.70%
Midland States Bank 6, 0.01% 38.33%
Guaranteed Rate Inc 7, 0.03% 7.28%
Flanagan State Bank 8, 0.10% 4.93%
First Financial Bank 9, 0.12% 7.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.10% 6.51%
Pnc Bank 2, -0.06% 6.51%
Guaranteed Rate Inc 3, -0.04% 3.07%
Flanagan State Bank 4, -0.03% 9.20%
First Financial Bank 5, -0.02% 4.21%
Wells Fargo Bank 6, -0.02% 9.96%
JPMorgan Chase Bank 7, -0.02% 5.36%
Quicken Loans 8, 0.01% 30.27%
Midland States Bank 9, 0.06% 24.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.09% 14.59%
First American Bank 2, -0.08% 5.45%
Pnc Bank 3, -0.04% 5.62%
JPMorgan Chase Bank 4, -0.04% 5.62%
Guaranteed Rate Inc 5, -0.02% 4.22%
Flanagan State Bank 6, 0.00% 4.39%
Midland States Bank 7, 0.02% 39.54%
Quicken Loans 8, 0.06% 12.83%
First Financial Bank 9, 0.09% 7.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.11% 16.20%
First American Bank 2, -0.07% 3.91%
JPMorgan Chase Bank 3, -0.05% 5.03%
Pnc Bank 4, -0.02% 4.47%
Guaranteed Rate Inc 5, -0.01% 4.75%
Midland States Bank 6, 0.01% 45.81%
Flanagan State Bank 7, 0.04% 2.51%
Quicken Loans 8, 0.06% 8.10%
First Financial Bank 9, 0.14% 9.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.11% 8.06%
Pnc Bank 2, -0.07% 7.58%
Guaranteed Rate Inc 3, -0.05% 3.32%
Flanagan State Bank 4, -0.04% 7.58%
First Financial Bank 5, -0.03% 5.21%
Wells Fargo Bank 6, -0.03% 11.85%
JPMorgan Chase Bank 7, -0.03% 6.64%
Quicken Loans 8, 0.04% 20.85%
Midland States Bank 9, 0.06% 28.91%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.04% 52.34%
Midland States Bank 2, -0.03% 13.28%
Pnc Bank 3, -0.00% 3.12%
First Financial Bank 4, 0.00% 3.12%
JPMorgan Chase Bank 5, 0.03% 0.78%
Guaranteed Rate Inc 6, 0.07% 11.72%
Flanagan State Bank 7, 0.11% 15.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.07% 43.18%
Midland States Bank 2, -0.04% 15.91%
Pnc Bank 3, -0.00% 4.55%
First Financial Bank 4, 0.00% 4.55%
JPMorgan Chase Bank 5, 0.03% 1.14%
Guaranteed Rate Inc 6, 0.08% 15.91%
Flanagan State Bank 7, 0.16% 14.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 72.50%
Flanagan State Bank 2, 0.01% 17.50%
Midland States Bank 3, 0.02% 7.50%
Guaranteed Rate Inc 4, 0.03% 2.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Midland States Bank 1, -0.02% 6.67%
Pnc Bank 2, -0.01% 10.00%
Wells Fargo Bank 3, -0.01% 10.00%
Guaranteed Rate Inc 4, -0.00% 10.00%
Flanagan State Bank 5, -0.00% 6.67%
Quicken Loans 6, 0.01% 56.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Midland States Bank 1, -0.02% 5.00%
Flanagan State Bank 2, -0.02% 5.00%
Pnc Bank 3, -0.02% 10.00%
Wells Fargo Bank 4, -0.01% 10.00%
Guaranteed Rate Inc 5, -0.00% 15.00%
Quicken Loans 6, 0.01% 55.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Midland States Bank 1, -0.02% 10.00%
Wells Fargo Bank 2, -0.01% 10.00%
Pnc Bank 3, -0.01% 10.00%
Quicken Loans 4, 0.00% 60.00%
Flanagan State Bank 5, 0.02% 10.00%

* Data is compiled for the Bourbonnais, IL commuting zone area, which comprises of counties of Iroquois County, IL, and Kankakee County, IL. This includes cities/towns/communities of Bourbonnais, IL as well as Bradley, IL, Manteno, IL, Kankakee, IL, Limestone, IL, Aroma Park, IL, Cabery, IL, Gilman, IL, Grant Park, IL, Sun River Terrace, IL, Momence, IL, Irwin, IL, Ashkum, IL, Chebanse, IL, Cissna Park, IL, Woodland, IL, St. Anne, IL, Martinton, IL, Wellington, IL, Watseka, IL, and Hopkins Park, 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 Bourbonnais, IL area. For mortgage lender rankings of other cities, click here.