Top Mortgage Lenders in Peoria, IL

Which mortgage lender in the Peoria, IL area typically has the best rates? To help you narrow down where to shop for a mortgage, provides an objective and data driven ranking of mortgage lenders operating in the Peoria, IL area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Peoria, IL area in terms of interest rate is CEFCU, with an average “Rate Difference” of -0.15%. This means that, comparing similar borrowers, CEFCU provided a -0.15% lower interest rate for its customers than other lenders in the area. CEFCU has a market share of 24.3%. It is the most popular lender in the Peoria, IL area.

Our detailed ranking of mortgage lenders in the Peoria, 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, going by historical data, the cheapest lender for Conventional mortgages in Peoria, IL is CEFCU. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Guaranteed Rate. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Fortress Bank. The cheapest VA mortgage provider is also Fortress Bank. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Peoria, IL

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
United Community Bank in Illinois-0.07%(4.0)0.63%
Fortress Bank-0.07%(4.0)5.35%
Busey Bank-0.06%(4.0)3.52%
INB, National Association-0.05%(4.0)5.23%
Mr. Cooper-0.02%(3.5)0.81%
First Mid Bank & Trust, NA-0.01%(3.5)0.65%
Associated Bank-0.00%(3.5)2.12%
Morton Community Bank-0.00%(3.5)9.27%
JPMorgan Chase Bank0.00%(3.5)1.37%
Heartland Bank and Trust Company0.03%(3.5)1.88%
US Bank0.04%(3.5)0.77%
Caliber Home Loans0.04%(3.5)14.36%
First State Mortgage Bloomington0.06%(3.0)1.86%
PNC Bank0.08%(3.0)4.14%
Wells Fargo Bank0.08%(3.0)3.15%
Flanagan State Bank0.10%(3.0)1.39%
Flat Branch Mortgage0.10%(3.0)4.57%
Fairway Independent Mortgage Corporation0.12%(3.0)1.92%
LeaderOne Financial Corporation0.19%(2.5)1.62%
Quicken Loans0.19%(2.5)5.29%
Commerce Bank0.20%(2.5)0.79%
Guaranteed Rate0.20%(2.5)3.58%
Lender NameRate DifferenceRate RatingMarket Share
United Community Bank in Illinois-0.10%(4.0)0.73%
Mr. Cooper-0.09%(4.0)0.79%
Fortress Bank-0.09%(4.0)6.96%
INB, National Association-0.06%(4.0)5.48%
Busey Bank-0.05%(3.5)2.80%
PNC Bank-0.02%(3.5)3.53%
First Mid Bank & Trust, NA-0.02%(3.5)0.76%
Associated Bank-0.02%(3.5)1.49%
JPMorgan Chase Bank-0.02%(3.5)1.72%
Morton Community Bank0.02%(3.5)8.39%
Wells Fargo Bank0.03%(3.5)3.61%
US Bank0.03%(3.5)0.84%
Commerce Bank0.04%(3.5)0.38%
First State Mortgage Bloomington0.05%(3.0)2.27%
Caliber Home Loans0.06%(3.0)14.74%
Heartland Bank and Trust Company0.06%(3.0)1.43%
Flat Branch Mortgage0.09%(3.0)6.06%
Fairway Independent Mortgage Corporation0.12%(3.0)2.68%
Flanagan State Bank0.13%(3.0)1.37%
Quicken Loans0.17%(2.5)3.44%
LeaderOne Financial Corporation0.21%(2.5)1.95%
Guaranteed Rate0.21%(2.5)4.52%
Lender NameRate DifferenceRate RatingMarket Share
Busey Bank-0.07%(4.0)5.14%
Morton Community Bank-0.03%(3.5)11.26%
INB, National Association-0.03%(3.5)4.68%
Fortress Bank-0.01%(3.5)1.71%
Caliber Home Loans0.00%(3.5)13.50%
Heartland Bank and Trust Company0.01%(3.5)2.90%
Flanagan State Bank0.02%(3.5)1.45%
Associated Bank0.02%(3.5)3.56%
First Mid Bank & Trust, NA0.03%(3.5)0.40%
United Community Bank in Illinois0.03%(3.5)0.40%
Fairway Independent Mortgage Corporation0.07%(3.0)0.20%
US Bank0.07%(3.0)0.59%
First State Mortgage Bloomington0.07%(3.0)0.92%
JPMorgan Chase Bank0.07%(3.0)0.59%
Guaranteed Rate0.07%(3.0)1.45%
Flat Branch Mortgage0.08%(3.0)1.19%
LeaderOne Financial Corporation0.09%(3.0)0.86%
Mr. Cooper0.14%(3.0)0.86%
Quicken Loans0.23%(2.5)9.49%
PNC Bank0.23%(2.5)5.53%
Wells Fargo Bank0.27%(2.0)2.11%
Commerce Bank0.29%(2.0)1.71%
Lender NameRate DifferenceRate RatingMarket Share
United Community Bank in Illinois-0.08%(4.0)0.72%
Busey Bank-0.05%(4.0)4.16%
INB, National Association-0.05%(3.5)6.68%
First Mid Bank & Trust, NA-0.00%(3.5)0.85%
Associated Bank0.00%(3.5)2.60%
Fortress Bank0.00%(3.5)4.88%
Morton Community Bank0.01%(3.5)12.14%
JPMorgan Chase Bank0.01%(3.5)1.70%
Flanagan State Bank0.03%(3.5)1.06%
Heartland Bank and Trust Company0.04%(3.5)2.41%
US Bank0.06%(3.0)0.64%
First State Mortgage Bloomington0.09%(3.0)1.09%
Wells Fargo Bank0.10%(3.0)3.63%
PNC Bank0.11%(3.0)4.66%
Fairway Independent Mortgage Corporation0.11%(3.0)0.66%
Mr. Cooper0.12%(3.0)0.24%
LeaderOne Financial Corporation0.14%(3.0)0.66%
Caliber Home Loans0.14%(3.0)9.49%
Guaranteed Rate0.18%(2.5)1.93%
Flat Branch Mortgage0.19%(2.5)3.05%
Commerce Bank0.22%(2.5)0.95%
Quicken Loans0.33%(2.0)3.37%
Lender NameRate DifferenceRate RatingMarket Share
United Community Bank in Illinois-0.11%(4.0)0.84%
INB, National Association-0.06%(4.0)7.26%
Busey Bank-0.03%(3.5)3.21%
Associated Bank-0.02%(3.5)1.88%
First Mid Bank & Trust, NA-0.01%(3.5)1.04%
JPMorgan Chase Bank-0.01%(3.5)2.21%
PNC Bank-0.00%(3.5)3.97%
Fortress Bank-0.00%(3.5)6.46%
Morton Community Bank0.03%(3.5)11.55%
Wells Fargo Bank0.04%(3.5)4.21%
US Bank0.06%(3.0)0.64%
Commerce Bank0.06%(3.0)0.40%
Flanagan State Bank0.06%(3.0)0.80%
Mr. Cooper0.06%(3.0)0.16%
Heartland Bank and Trust Company0.07%(3.0)1.88%
First State Mortgage Bloomington0.09%(3.0)1.32%
Fairway Independent Mortgage Corporation0.11%(3.0)0.96%
LeaderOne Financial Corporation0.16%(2.5)0.68%
Caliber Home Loans0.18%(2.5)10.10%
Guaranteed Rate0.19%(2.5)2.49%
Flat Branch Mortgage0.20%(2.5)4.01%
Quicken Loans0.27%(2.0)2.29%
Lender NameRate DifferenceRate RatingMarket Share
Busey Bank-0.07%(4.0)6.02%
Morton Community Bank-0.03%(3.5)13.28%
INB, National Association-0.02%(3.5)5.55%
Fortress Bank-0.02%(3.5)1.80%
Flanagan State Bank0.02%(3.5)1.56%
Heartland Bank and Trust Company0.02%(3.5)3.44%
Associated Bank0.03%(3.5)3.98%
First Mid Bank & Trust, NA0.03%(3.5)0.47%
United Community Bank in Illinois0.03%(3.5)0.47%
Caliber Home Loans0.05%(3.5)8.28%
Fairway Independent Mortgage Corporation0.06%(3.0)0.08%
US Bank0.07%(3.0)0.62%
JPMorgan Chase Bank0.08%(3.0)0.70%
LeaderOne Financial Corporation0.08%(3.0)0.62%
Flat Branch Mortgage0.09%(3.0)1.17%
First State Mortgage Bloomington0.10%(3.0)0.62%
Guaranteed Rate0.12%(3.0)0.86%
Mr. Cooper0.18%(2.5)0.39%
PNC Bank0.26%(2.0)6.02%
Wells Fargo Bank0.28%(2.0)2.50%
Commerce Bank0.30%(2.0)2.03%
Quicken Loans0.39%(1.5)5.47%
Lender NameRate DifferenceRate RatingMarket Share
Fortress Bank-0.28%(5.0)8.09%
PNC Bank-0.13%(4.0)1.64%
Busey Bank-0.12%(4.0)1.52%
Mr. Cooper-0.09%(4.0)3.28%
Caliber Home Loans-0.08%(4.0)30.72%
INB, National Association-0.05%(3.5)0.47%
Flat Branch Mortgage-0.04%(3.5)9.85%
United Community Bank in Illinois-0.04%(3.5)0.23%
JPMorgan Chase Bank-0.00%(3.5)0.23%
US Bank0.00%(3.5)0.23%
Commerce Bank0.00%(3.5)0.23%
Heartland Bank and Trust Company0.01%(3.5)0.23%
Associated Bank0.02%(3.5)0.23%
Wells Fargo Bank0.03%(3.5)0.12%
First State Mortgage Bloomington0.03%(3.5)3.40%
Quicken Loans0.05%(3.5)13.48%
Fairway Independent Mortgage Corporation0.11%(3.0)6.92%
Flanagan State Bank0.20%(2.5)2.58%
LeaderOne Financial Corporation0.21%(2.5)5.86%
Guaranteed Rate0.25%(2.5)9.73%
Lender NameRate DifferenceRate RatingMarket Share
Fortress Bank-0.29%(5.0)9.46%
PNC Bank-0.17%(4.5)1.53%
Mr. Cooper-0.14%(4.0)3.06%
Busey Bank-0.12%(4.0)1.81%
Caliber Home Loans-0.08%(4.0)29.35%
INB, National Association-0.05%(3.5)0.56%
Flat Branch Mortgage-0.04%(3.5)11.68%
United Community Bank in Illinois-0.04%(3.5)0.28%
JPMorgan Chase Bank-0.01%(3.5)0.28%
US Bank0.00%(3.5)0.28%
Commerce Bank0.00%(3.5)0.28%
Heartland Bank and Trust Company0.01%(3.5)0.28%
Associated Bank0.02%(3.5)0.28%
Wells Fargo Bank0.03%(3.5)0.14%
First State Mortgage Bloomington0.03%(3.5)3.89%
Quicken Loans0.06%(3.0)7.37%
Fairway Independent Mortgage Corporation0.11%(3.0)8.07%
Flanagan State Bank0.21%(2.5)2.92%
LeaderOne Financial Corporation0.22%(2.5)6.40%
Guaranteed Rate0.25%(2.0)11.13%
Lender NameRate DifferenceRate RatingMarket Share
Caliber Home Loans-0.08%(4.0)38.06%
Fortress Bank0.01%(3.5)0.75%
PNC Bank0.02%(3.5)2.24%
Fairway Independent Mortgage Corporation0.04%(3.5)0.75%
First State Mortgage Bloomington0.04%(3.5)0.75%
Quicken Loans0.04%(3.5)46.27%
Flanagan State Bank0.04%(3.5)0.75%
Guaranteed Rate0.04%(3.5)2.24%
LeaderOne Financial Corporation0.10%(3.0)2.99%
Mr. Cooper0.10%(3.0)4.48%
Lender NameRate DifferenceRate RatingMarket Share
Guaranteed Rate-0.00%(3.5)11.11%
PNC Bank-0.00%(3.5)22.22%
JPMorgan Chase Bank0.00%(3.5)11.11%
Wells Fargo Bank0.00%(3.5)11.11%
Morton Community Bank0.00%(3.5)11.11%
US Bank0.00%(3.5)11.11%
Lender NameRate DifferenceRate RatingMarket Share
PNC Bank-0.00%(3.5)20.00%
JPMorgan Chase Bank-0.00%(3.5)20.00%
Wells Fargo Bank-0.00%(3.5)20.00%
US Bank0.00%(3.5)20.00%
Lender NameRate DifferenceRate RatingMarket Share
Guaranteed Rate-0.00%(3.5)25.00%
PNC Bank0.00%(3.5)25.00%
Morton Community Bank0.00%(3.5)25.00%
Lender NameRate DifferenceRate RatingMarket Share
Fortress Bank-0.06%(4.0)3.82%
Guaranteed Rate-0.03%(3.5)6.37%
Caliber Home Loans-0.03%(3.5)28.98%
United Community Bank in Illinois-0.03%(3.5)0.64%
Wells Fargo Bank-0.02%(3.5)5.41%
PNC Bank-0.01%(3.5)4.14%
Busey Bank-0.01%(3.5)1.27%
INB, National Association-0.01%(3.5)0.96%
First State Mortgage Bloomington-0.00%(3.5)7.01%
Associated Bank-0.00%(3.5)1.59%
US Bank-0.00%(3.5)3.50%
JPMorgan Chase Bank0.01%(3.5)0.32%
Commerce Bank0.02%(3.5)0.32%
Mr. Cooper0.03%(3.5)0.96%
LeaderOne Financial Corporation0.05%(3.5)1.59%
Flat Branch Mortgage0.05%(3.0)8.60%
Quicken Loans0.05%(3.0)6.37%
Flanagan State Bank0.07%(3.0)2.23%
Fairway Independent Mortgage Corporation0.09%(3.0)3.50%
Lender NameRate DifferenceRate RatingMarket Share
Fortress Bank-0.09%(4.0)4.67%
Guaranteed Rate-0.04%(3.5)6.07%
United Community Bank in Illinois-0.04%(3.5)0.93%
Wells Fargo Bank-0.03%(3.5)7.94%
PNC Bank-0.03%(3.5)4.67%
Busey Bank-0.02%(3.5)1.40%
Associated Bank-0.02%(3.5)0.93%
INB, National Association-0.02%(3.5)1.40%
First State Mortgage Bloomington-0.01%(3.5)7.94%
US Bank-0.01%(3.5)4.67%
JPMorgan Chase Bank-0.01%(3.5)0.47%
Mr. Cooper-0.00%(3.5)0.47%
Caliber Home Loans-0.00%(3.5)20.09%
Commerce Bank0.01%(3.5)0.47%
Quicken Loans0.04%(3.5)3.74%
Flat Branch Mortgage0.05%(3.5)11.21%
LeaderOne Financial Corporation0.05%(3.0)1.87%
Flanagan State Bank0.07%(3.0)2.80%
Fairway Independent Mortgage Corporation0.09%(3.0)4.67%
Lender NameRate DifferenceRate RatingMarket Share
Caliber Home Loans-0.04%(3.5)48.00%
Guaranteed Rate-0.01%(3.5)7.00%
Flat Branch Mortgage0.01%(3.5)3.00%
First State Mortgage Bloomington0.01%(3.5)5.00%
Busey Bank0.02%(3.5)1.00%
Associated Bank0.02%(3.5)3.00%
LeaderOne Financial Corporation0.02%(3.5)1.00%
PNC Bank0.03%(3.5)3.00%
US Bank0.04%(3.5)1.00%
Fortress Bank0.05%(3.5)2.00%
Fairway Independent Mortgage Corporation0.05%(3.0)1.00%
Mr. Cooper0.06%(3.0)2.00%
Flanagan State Bank0.06%(3.0)1.00%
Quicken Loans0.08%(3.0)12.00%

* Data is compiled for the Peoria, IL commuting zone area, which comprises of counties of Logan County, IL, Marshall County, IL, Mason County, IL, Peoria County, IL, Tazewell County, IL, and Woodford County, IL. This includes cities/towns/communities of Peoria, IL as well as East Peoria, IL, Morton, IL, Pekin, IL, Washington, IL, Brimfield, IL, Lincoln, IL, Germantown Hills, IL, Chillicothe, IL, Peoria Heights, IL, Bartonville, IL, Bellevue, IL, Deer Creek, IL, Lake Camelot, IL, Metamora, IL, Panola, IL, Elmwood, IL, Green Valley, IL, Hopedale, IL, Eureka, IL, Kingston Mines, IL, Goodfield, IL, Princeville, IL, Roanoke, IL, Benson, IL, Peoria Heights, IL, Lacon, IL, Latham, IL, Varna, IL, Forest City, IL, Washburn, IL, Henry, IL, Hopewell, IL, Cornland, IL, Washburn, IL, Havana, IL, Emden, IL, Topeka, IL, Mason City, IL, Bath, IL, and San Jose, IL. Lenders must have made at least 30 loans in the area to be included. Source of the data is 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 conditional on the commuting zone, 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 in Other Cities

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