Top Mortgage Lenders in the Quincy, IL area

Which mortgage lender in the Quincy, 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 Quincy, 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 Quincy, IL area is United Community Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.24%. This means that United Community Bank provided a -0.24% lower interest rate for its customers than other lenders in Quincy, IL for a similar set of borrowers. United Community Bank has a market share of 33.3%. It is also the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Quincy, 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 Quincy, IL is United Community 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 First Bankers Trust Company National Association. 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 Town and Country Banc Mortgage. 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
United Community Bank 1, -0.24% 33.33%
First Bankers Trust Company National Association 2, 0.06% 27.78%
Town and Country Banc Mortgage 3, 0.08% 6.64%
Guild Mortgage Company 4, 0.11% 4.78%
Us Bank 5, 0.17% 7.87%
Quicken Loans 6, 0.19% 13.43%
DelMar Financial Company 7, 0.23% 6.17%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.28% 31.57%
Town and Country Banc Mortgage 2, 0.07% 9.09%
First Bankers Trust Company National Association 3, 0.10% 27.78%
Guild Mortgage Company 4, 0.10% 5.56%
Us Bank 5, 0.16% 9.60%
Quicken Loans 6, 0.16% 7.32%
DelMar Financial Company 7, 0.23% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.19% 36.11%
First Bankers Trust Company National Association 2, 0.01% 27.78%
Town and Country Banc Mortgage 3, 0.07% 2.78%
DelMar Financial Company 4, 0.11% 1.59%
Guild Mortgage Company 5, 0.12% 3.57%
Us Bank 6, 0.17% 5.16%
Quicken Loans 7, 0.21% 23.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.22% 39.59%
First Bankers Trust Company National Association 2, 0.09% 33.27%
Town and Country Banc Mortgage 3, 0.11% 6.51%
DelMar Financial Company 4, 0.19% 2.42%
Guild Mortgage Company 5, 0.20% 2.60%
Us Bank 6, 0.21% 7.62%
Quicken Loans 7, 0.31% 7.99%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.26% 37.85%
Town and Country Banc Mortgage 2, 0.10% 8.62%
First Bankers Trust Company National Association 3, 0.13% 33.54%
DelMar Financial Company 4, 0.20% 3.38%
Guild Mortgage Company 5, 0.21% 3.08%
Us Bank 6, 0.21% 9.23%
Quicken Loans 7, 0.27% 4.31%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.17% 42.25%
First Bankers Trust Company National Association 2, 0.03% 32.86%
Town and Country Banc Mortgage 3, 0.09% 3.29%
DelMar Financial Company 4, 0.14% 0.94%
Guild Mortgage Company 5, 0.16% 1.88%
Us Bank 6, 0.20% 5.16%
Quicken Loans 7, 0.33% 13.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.09% 6.33%
Guild Mortgage Company 2, -0.08% 20.25%
Us Bank 3, -0.05% 8.86%
Quicken Loans 4, -0.04% 37.97%
DelMar Financial Company 5, 0.16% 26.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.11% 9.09%
Guild Mortgage Company 2, -0.11% 20.00%
Us Bank 3, -0.07% 10.91%
Quicken Loans 4, -0.06% 21.82%
DelMar Financial Company 5, 0.14% 38.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.01% 20.83%
Quicken Loans 2, 0.00% 75.00%
Us Bank 3, 0.01% 4.17%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Bankers Trust Company National Association 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Bankers Trust Company National Association 1, 0.00% 100.00%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.03% 10.00%
United Community Bank 2, -0.01% 10.00%
Guild Mortgage Company 3, -0.01% 3.33%
Quicken Loans 4, 0.00% 46.67%
DelMar Financial Company 5, 0.01% 20.00%
Us Bank 6, 0.01% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town and Country Banc Mortgage 1, -0.03% 20.00%
United Community Bank 2, -0.02% 13.33%
Guild Mortgage Company 3, -0.01% 6.67%
Quicken Loans 4, 0.01% 20.00%
Us Bank 5, 0.01% 13.33%
DelMar Financial Company 6, 0.01% 26.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DelMar Financial Company 1, -0.01% 13.33%
United Community Bank 2, -0.00% 6.67%
Us Bank 3, -0.00% 6.67%
Quicken Loans 4, 0.00% 73.33%

* Data is compiled for the Quincy, IL commuting zone area, which comprises of counties of Adams County, IL, Pike County, IL, Lewis County, MO, Marion County, MO, Pike County, MO, and Ralls County, MO. This includes cities/towns/communities of Quincy, IL as well as Hannibal, MO, Columbus, IL, Bowling Green, MO, Pittsfield, IL, Mendon, IL, Perry, MO, Clayton, IL, Paynesville, MO, New London, MO, Ashley, MO, Center, MO, Palmyra, MO, Ashburn, MO, Louisiana, MO, Canton, MO, Monroe City, MO, Pleasant Hill, IL, Perry, IL, Detroit, IL, Monticello, MO, La Belle, MO, La Grange, MO, and Hull, 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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