What people paid for mortgages in Madison County, IL (2025)

Across 2,995 closed home-purchase loans in 2025, the median interest rate in Madison was 6.625%, and the middle half of borrowers got between 6.25% and 6.875%. Median total loan costs ran $3,469 on a median loan of $195,000. Source: federal HMDA filings on first-lien, owner-occupied loans.

Data: FFIEC HMDA modified LAR, 2024 and 2025 filings, loaded August 2026.

Home purchase

Median rate: 6.625%
Middle half of rates: 6.25%–6.875%
Median total loan costs: $3,469
Median loan amount: $195,000

2,995 loans, 2025.

Refinance

Median rate: 6.325%
Middle half of rates: 5.875%–6.75%
Median total loan costs: $4,447
Median loan amount: $175,000

1,206 loans, 2025.

Lowest median rates in Madison (2025)

The lenders whose own closed loans had the lowest median interest rate here, among lenders with enough local volume for the median to mean something. A low median is a reason to include that lender when you collect Loan Estimates; it is not a promise about the rate you will be quoted. An independent mortgage broker can pull quotes from several lenders at once on one application.

Home purchase

1.MIDWEST BANKCENTRE6.125%47 loans, median costs $3,114
2.SCOTT CREDIT UNION6.25%149 loans, median costs $2,640
3.Carrollton Bank6.375%143 loans, median costs $2,678
4.Mortgage Research Center6.375%114 loans, median costs $4,371
5.BUSEY BANK6.5%68 loans, median costs $2,800

Among lenders with at least 30 closed purchase loans in Madison County in 2025.

Refinance

1.SCOTT CREDIT UNION5.938%38 loans, median costs $2,445
2.PENNYMAC LOAN SERVICES LLC5.99%47 loans, median costs $6,639
3.United Wholesale Mortgagebroker only5.995%100 loans, median costs $5,023
4.ROCKET MORTGAGE6.25%108 loans, median costs $6,452
5.FREEDOM MORTGAGE CORPORATION6.25%53 loans, median costs $6,130

Among lenders with at least 30 closed refinance loans in Madison County in 2025.

Why you may not recognize these names

The largest lenders in most counties are not banks. Homebuilders such as D.R. Horton and Lennar own their own mortgage companies (DHI Mortgage, Lennar Mortgage), and because builders attach rate buydowns and closing-cost incentives to using them, the builder's lender often tops the table in counties with heavy new construction, with median rates that look low because the builder paid to lower them. Lenders marked broker only, such as United Wholesale Mortgage, take no applications from the public: federal HMDA reporting credits each loan to the lender that made the credit decision, so loans arranged by independent brokers appear here under the wholesale lender that funded them. Others, such as PennyMac and Freedom Mortgage, operate at national scale by buying loans from smaller lenders and refinancing the loans they service, heavily in FHA and VA lending. Who actually lends, and why the biggest names are not banks covers the full picture, with sources.

Lender by lender in Madison

Every lender that closed at least 5 qualifying loans in Madison County in 2025, sorted by loan count. The # column is the lender's rank here by closed loans for the selected purpose. Median origination is the lender's own charges (Loan Estimate section A); median points is the discount-points portion. Lenders marked "broker only" fund loans through independent mortgage brokers rather than taking applications directly.

#	Lender	Loans	Median rate	Median total costs	Median origination	Median points
1	FCB BANKS	265	6.6%	$2,401	$650	$2,423
2	NEW AMERICAN FUNDING, LLC.	190	6.875%	$4,981	$1,767	$683
3	SCOTT CREDIT UNION	149	6.25%	$2,640	$695	$687
4	ENDEAVOR CAPITAL LLC	149	6.625%	$4,673	$1,776	$576
5	Carrollton Bank	143	6.375%	$2,678	$1,025	$137
6	American Pacific Mortgage Corporation	128	6.875%	$3,960	$2,000	$687
7	DELMAR FINANCIAL COMPANY	119	6.625%	$4,396	$1,440	$990
8	Mortgage Research Center	114	6.375%	$4,371	$756	$629
9	FLAT BRANCH MORTGAGE, INC.	112	6.75%	$3,526	$1,230	$243
10	1ST MIDAMERICA CREDIT UNION	109	n/a	n/a	n/a	n/a
11	United Wholesale Mortgagebroker only	82	6.624%	$5,013	$1,338	$1,311
12	BUSEY BANK	68	6.5%	$2,800	$900	n/a
13	GUILD MORTGAGE COMPANY	66	6.625%	$3,880	$1,497	$381
14	ROCKET MORTGAGE	65	6.5%	$5,909	$2,595	$2,480
15	DAS ACQUISITION COMPANY, LLC	64	6.75%	$4,526	$1,595	$1,036
16	Zippy Loans, LLC	59	8%	$1,742	$1,280	n/a
17	First Mid Bank and Trust, NA	55	6.5%	$2,486	$900	$2,508
18	UNITED COMMUNITY BANK	50	6.5%	$2,236	$495	$131
19	US BANK, N.A.	50	6.5%	$2,787	$1,245	$302
20	REGIONS BANK	48	6.625%	$2,981	$1,100	$1,171
21	MIDWEST BANKCENTRE	47	6.125%	$3,114	$850	$150
22	Revity Credit Union	42	n/a	n/a	n/a	n/a
23	Mutual of Omaha Mortgage	40	6.688%	$4,994	$2,219	$902
24	PRIMELENDING	31	6.625%	$3,608	$1,391	$603
25	GUARANTEED RATE, INC.	31	6.625%	$4,013	$1,640	$1,565
26	Navy Federal Credit Union	27	6.25%	$2,154	$0	$653
27	LOWER, LLC	27	6.625%	$3,938	$1,640	$1,031
28	ARK-LA-TEX FINANCIAL SERVICES LLC	25	6.5%	$4,828	$2,605	$1,266
29	NQM FUNDING, LLC	22	6.49%	$3,164	$1,399	$919
30	CNB BANK & TRUST, N.A.	22	6.47%	$2,674	$1,203	n/a
31	Bank of Springfield	21	6.625%	$2,166	$467	n/a
32	JPMorgan Chase Bank, NA	21	6.49%	$2,282	$500	$758
33	Associated Bank NA	21	6.25%	$2,260	$904	$195
34	Collinsville Building and Loan Association	20	n/a	n/a	n/a	n/a
35	USAA BANK	19	6.5%	$3,082	$578	$714
36	Equity Prime Mortgage LLC	16	6.625%	$4,736	$1,408	$1,089
37	FAIRWAY INDEPENDENT MORT CORP	15	6.875%	$4,509	$2,353	$1,278
38	FIRST COMMUNITY CREDIT UNION	15	6.75%	$1,872	n/a	n/a
39	ZILLOW HOME LOANS, LLC	14	6.812%	$3,487	$1,792	$861
40	Bank of America NA	14	5.812%	$1,518	$101	$3,861

What these numbers are, and are not

Everything above is computed from the FFIEC's HMDA Modified Loan/Application Register, the public loan-level file nearly every mortgage lender must submit each year, filtered to originated, first-lien, owner-occupied principal-residence loans that were not business-purpose or reverse mortgages. Groups smaller than 5 loans are omitted. The methodology page documents every step.

The public file contains no credit scores, so differences between lenders mix true pricing differences with different customer bases: loan sizes, points paid, and borrower profiles all vary by lender. A median is context for your own quote, not a ranking and not an offer. Rates here are also a year's worth of closings blended together, while your quote reflects a single day's market.

The one move that reliably saves money

Get more than one Loan Estimate. Every lender must give you one within 3 business days of your application, on the same standardized form, and cannot charge you more than a reasonable credit-report fee to do it. Collecting two or three makes the offers directly comparable, line by line.

Your Loan Estimate rights

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What happens after you submit

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Common questions

What mortgage rate did people get in Madison County in 2025?

The median interest rate on closed home-purchase loans in Madison County, Illinois in 2025 was 6.625%, across 2,995 first-lien, owner-occupied loans. The middle half of borrowers got between 6.25% and 6.875%.

Is this a rate I can get today?

No. These are medians of loans that already closed, under those borrowers' credit profiles, loan sizes, discount points, and lock dates. Rates also move daily. The way to learn your own number is to collect Loan Estimates from two or three lenders, which federal rules make close to free.

Why do lenders in the table show different rates?

Partly pricing, partly customer mix. Public HMDA data contains no credit scores, so a lender serving stronger-credit borrowers or larger loans will show a different median than one serving first-time buyers, at identical pricing. Use the table as a map of who is active locally and roughly where they land, not as a ranking.

Where do these numbers come from?

The FFIEC's public HMDA Modified Loan/Application Register, the loan-level data nearly every mortgage lender must file each year, filtered to originated, first-lien, owner-occupied, non-business, non-reverse loans, in groups of at least 5.