Top Mortgage Lenders in Decatur, IL

Which mortgage lender in the Decatur, IL area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Decatur, IL area by interest rate and market share. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We 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 Decatur, IL area in terms of interest rate is Dieterich Bank, with an average “Rate Difference” of -0.20%. This means that, comparing similar borrowers, Dieterich Bank provided a -0.20% lower interest rate for its customers than other lenders in the area. Dieterich Bank has a market share of 9.4%. On the other hand, the most popular lender in the Decatur, IL area is Town and Country Bank, with a larger market share of 12.6%. Town and Country Bank is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.00% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in 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, Dieterich Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Decatur, IL. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Town and Country Bank. The cheapest VA mortgage provider is First State Mortgage Bloomington. 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 Decatur, IL

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank-0.20%(4.5)9.41%
Prairie State Bank and Trust-0.08%(4.0)10.10%
Busey Bank-0.05%(4.0)7.67%
First Mid Bank & Trust, NA-0.03%(3.5)8.77%
CEFCU-0.02%(3.5)3.00%
Town and Country Bank-0.00%(3.5)12.64%
Wells Fargo Bank0.00%(3.5)2.14%
Petefish Skiles & Co Bank0.02%(3.5)7.33%
JPMorgan Chase Bank0.03%(3.5)2.25%
PNC Bank0.04%(3.5)4.15%
First State Mortgage Bloomington0.04%(3.5)2.08%
Regions Bank0.06%(3.0)6.06%
US Bank0.06%(3.0)2.60%
Midland States Bank0.07%(3.0)1.85%
CIBM Bank0.07%(3.0)2.94%
Draper and Kramer Mortgage Corp0.07%(3.0)5.37%
Quicken Loans0.15%(3.0)11.66%
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank-0.15%(4.5)7.37%
Busey Bank-0.06%(4.0)8.20%
Prairie State Bank and Trust-0.05%(4.0)7.53%
CEFCU-0.04%(3.5)3.48%
First Mid Bank & Trust, NA-0.04%(3.5)7.86%
Wells Fargo Bank-0.02%(3.5)2.24%
JPMorgan Chase Bank-0.02%(3.5)2.24%
Town and Country Bank-0.01%(3.5)15.31%
PNC Bank0.01%(3.5)3.89%
Regions Bank0.03%(3.5)7.20%
First State Mortgage Bloomington0.03%(3.5)2.65%
Petefish Skiles & Co Bank0.03%(3.5)5.30%
US Bank0.06%(3.0)2.90%
Midland States Bank0.06%(3.0)2.15%
CIBM Bank0.06%(3.0)4.14%
Draper and Kramer Mortgage Corp0.06%(3.0)7.37%
Quicken Loans0.12%(3.0)10.18%
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank-0.24%(4.5)14.10%
Prairie State Bank and Trust-0.09%(4.0)16.00%
Busey Bank-0.02%(3.5)6.48%
First Mid Bank & Trust, NA-0.00%(3.5)10.86%
Town and Country Bank-0.00%(3.5)6.48%
CEFCU0.00%(3.5)1.90%
Petefish Skiles & Co Bank0.01%(3.5)12.00%
First State Mortgage Bloomington0.04%(3.5)0.76%
CIBM Bank0.05%(3.0)0.19%
Draper and Kramer Mortgage Corp0.06%(3.0)0.76%
Wells Fargo Bank0.06%(3.0)1.90%
Midland States Bank0.08%(3.0)1.14%
US Bank0.08%(3.0)1.90%
PNC Bank0.10%(3.0)4.76%
JPMorgan Chase Bank0.13%(3.0)2.29%
Regions Bank0.16%(2.5)3.43%
Quicken Loans0.21%(2.5)15.05%
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank-0.20%(4.5)12.00%
Prairie State Bank and Trust-0.08%(4.0)12.96%
Busey Bank-0.06%(4.0)7.33%
First Mid Bank & Trust, NA-0.03%(3.5)11.19%
CEFCU-0.03%(3.5)3.85%
Wells Fargo Bank-0.00%(3.5)2.22%
Petefish Skiles & Co Bank0.01%(3.5)9.41%
JPMorgan Chase Bank0.02%(3.5)2.89%
First State Mortgage Bloomington0.03%(3.5)1.56%
Draper and Kramer Mortgage Corp0.04%(3.5)3.41%
Town and Country Bank0.06%(3.0)10.15%
US Bank0.07%(3.0)2.52%
Midland States Bank0.07%(3.0)1.93%
PNC Bank0.08%(3.0)3.41%
CIBM Bank0.10%(3.0)2.07%
Regions Bank0.13%(3.0)5.26%
Quicken Loans0.24%(2.5)7.85%
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank-0.17%(4.5)10.02%
Busey Bank-0.09%(4.0)7.86%
Prairie State Bank and Trust-0.07%(4.0)10.36%
CEFCU-0.05%(3.5)4.78%
First Mid Bank & Trust, NA-0.05%(3.5)10.82%
Wells Fargo Bank-0.04%(3.5)2.28%
JPMorgan Chase Bank-0.03%(3.5)3.08%
First State Mortgage Bloomington0.02%(3.5)1.94%
Petefish Skiles & Co Bank0.02%(3.5)7.29%
Draper and Kramer Mortgage Corp0.02%(3.5)4.90%
PNC Bank0.05%(3.5)3.42%
Midland States Bank0.06%(3.0)2.39%
US Bank0.06%(3.0)2.85%
Town and Country Bank0.08%(3.0)11.85%
CIBM Bank0.09%(3.0)3.08%
Regions Bank0.12%(3.0)6.15%
Quicken Loans0.18%(2.5)6.95%
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank-0.23%(4.5)15.68%
Prairie State Bank and Trust-0.09%(4.0)17.80%
Busey Bank-0.02%(3.5)6.36%
First Mid Bank & Trust, NA-0.00%(3.5)11.86%
Town and Country Bank0.00%(3.5)6.99%
CEFCU0.01%(3.5)2.12%
Petefish Skiles & Co Bank0.02%(3.5)13.35%
First State Mortgage Bloomington0.05%(3.5)0.85%
CIBM Bank0.06%(3.0)0.21%
Wells Fargo Bank0.07%(3.0)2.12%
Draper and Kramer Mortgage Corp0.07%(3.0)0.64%
Midland States Bank0.09%(3.0)1.06%
US Bank0.09%(3.0)1.91%
JPMorgan Chase Bank0.13%(3.0)2.54%
PNC Bank0.14%(3.0)3.39%
Regions Bank0.17%(2.5)3.60%
Quicken Loans0.33%(2.0)9.53%
Lender NameRate DifferenceRate RatingMarket Share
Town and Country Bank-0.11%(4.0)23.87%
Regions Bank-0.11%(4.0)10.00%
PNC Bank-0.04%(3.5)7.10%
Busey Bank-0.01%(3.5)8.39%
US Bank0.06%(3.0)1.94%
CIBM Bank0.06%(3.0)6.77%
Quicken Loans0.07%(3.0)24.19%
First State Mortgage Bloomington0.07%(3.0)3.87%
Midland States Bank0.08%(3.0)0.97%
Draper and Kramer Mortgage Corp0.13%(3.0)12.90%
Lender NameRate DifferenceRate RatingMarket Share
Town and Country Bank-0.11%(4.0)26.71%
Regions Bank-0.11%(4.0)10.83%
PNC Bank-0.06%(4.0)5.42%
Busey Bank-0.01%(3.5)8.66%
US Bank0.06%(3.0)2.17%
CIBM Bank0.06%(3.0)7.58%
First State Mortgage Bloomington0.08%(3.0)4.33%
Quicken Loans0.08%(3.0)18.77%
Midland States Bank0.08%(3.0)1.08%
Draper and Kramer Mortgage Corp0.13%(3.0)14.44%
Lender NameRate DifferenceRate RatingMarket Share
PNC Bank-0.02%(3.5)21.21%
Busey Bank0.00%(3.5)6.06%
Quicken Loans0.00%(3.5)69.70%
Regions Bank0.03%(3.5)3.03%
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank0.00%(3.5)33.33%
Midland States Bank0.00%(3.5)33.33%
First Mid Bank & Trust, NA0.00%(3.5)33.33%
Lender NameRate DifferenceRate RatingMarket Share
Dieterich Bank0.00%(3.5)100.00%
Lender NameRate DifferenceRate RatingMarket Share
Midland States Bank0.00%(3.5)50.00%
First Mid Bank & Trust, NA0.00%(3.5)50.00%
Lender NameRate DifferenceRate RatingMarket Share
First State Mortgage Bloomington-0.03%(3.5)4.29%
Town and Country Bank-0.03%(3.5)11.43%
Wells Fargo Bank-0.02%(3.5)10.00%
Regions Bank-0.01%(3.5)4.29%
Midland States Bank-0.01%(3.5)2.86%
Busey Bank-0.00%(3.5)11.43%
PNC Bank-0.00%(3.5)5.71%
Quicken Loans0.00%(3.5)30.00%
CIBM Bank0.00%(3.5)2.86%
US Bank0.01%(3.5)7.14%
Draper and Kramer Mortgage Corp0.07%(3.0)10.00%
Lender NameRate DifferenceRate RatingMarket Share
First State Mortgage Bloomington-0.03%(3.5)5.77%
Town and Country Bank-0.03%(3.5)13.46%
Wells Fargo Bank-0.02%(3.5)13.46%
Quicken Loans-0.01%(3.5)19.23%
Regions Bank-0.01%(3.5)5.77%
Midland States Bank-0.00%(3.5)3.85%
PNC Bank0.00%(3.5)3.85%
Busey Bank0.00%(3.5)11.54%
CIBM Bank0.00%(3.5)3.85%
US Bank0.01%(3.5)7.69%
Draper and Kramer Mortgage Corp0.09%(3.0)11.54%
Lender NameRate DifferenceRate RatingMarket Share
Busey Bank-0.02%(3.5)11.11%
Draper and Kramer Mortgage Corp-0.02%(3.5)5.56%
PNC Bank-0.01%(3.5)11.11%
US Bank-0.01%(3.5)5.56%
Town and Country Bank-0.01%(3.5)5.56%
Quicken Loans0.01%(3.5)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 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.

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