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. 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 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, going by historical data, 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
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | -0.20% | 9.41% | |
| Prairie State Bank and Trust | -0.08% | 10.10% | |
| Busey Bank | -0.05% | 7.67% | |
| First Mid Bank & Trust, NA | -0.03% | 8.77% | |
| CEFCU | -0.02% | 3.00% | |
| Town and Country Bank | -0.00% | 12.64% | |
| Wells Fargo Bank | 0.00% | 2.14% | |
| Petefish Skiles & Co Bank | 0.02% | 7.33% | |
| JPMorgan Chase Bank | 0.03% | 2.25% | |
| PNC Bank | 0.04% | 4.15% | |
| First State Mortgage Bloomington | 0.04% | 2.08% | |
| Regions Bank | 0.06% | 6.06% | |
| US Bank | 0.06% | 2.60% | |
| Midland States Bank | 0.07% | 1.85% | |
| CIBM Bank | 0.07% | 2.94% | |
| Draper and Kramer Mortgage Corp | 0.07% | 5.37% | |
| Quicken Loans | 0.15% | 11.66% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | -0.15% | 7.37% | |
| Busey Bank | -0.06% | 8.20% | |
| Prairie State Bank and Trust | -0.05% | 7.53% | |
| CEFCU | -0.04% | 3.48% | |
| First Mid Bank & Trust, NA | -0.04% | 7.86% | |
| Wells Fargo Bank | -0.02% | 2.24% | |
| JPMorgan Chase Bank | -0.02% | 2.24% | |
| Town and Country Bank | -0.01% | 15.31% | |
| PNC Bank | 0.01% | 3.89% | |
| Regions Bank | 0.03% | 7.20% | |
| First State Mortgage Bloomington | 0.03% | 2.65% | |
| Petefish Skiles & Co Bank | 0.03% | 5.30% | |
| US Bank | 0.06% | 2.90% | |
| Midland States Bank | 0.06% | 2.15% | |
| CIBM Bank | 0.06% | 4.14% | |
| Draper and Kramer Mortgage Corp | 0.06% | 7.37% | |
| Quicken Loans | 0.12% | 10.18% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | -0.24% | 14.10% | |
| Prairie State Bank and Trust | -0.09% | 16.00% | |
| Busey Bank | -0.02% | 6.48% | |
| First Mid Bank & Trust, NA | -0.00% | 10.86% | |
| Town and Country Bank | -0.00% | 6.48% | |
| CEFCU | 0.00% | 1.90% | |
| Petefish Skiles & Co Bank | 0.01% | 12.00% | |
| First State Mortgage Bloomington | 0.04% | 0.76% | |
| CIBM Bank | 0.05% | 0.19% | |
| Draper and Kramer Mortgage Corp | 0.06% | 0.76% | |
| Wells Fargo Bank | 0.06% | 1.90% | |
| Midland States Bank | 0.08% | 1.14% | |
| US Bank | 0.08% | 1.90% | |
| PNC Bank | 0.10% | 4.76% | |
| JPMorgan Chase Bank | 0.13% | 2.29% | |
| Regions Bank | 0.16% | 3.43% | |
| Quicken Loans | 0.21% | 15.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | -0.20% | 12.00% | |
| Prairie State Bank and Trust | -0.08% | 12.96% | |
| Busey Bank | -0.06% | 7.33% | |
| First Mid Bank & Trust, NA | -0.03% | 11.19% | |
| CEFCU | -0.03% | 3.85% | |
| Wells Fargo Bank | -0.00% | 2.22% | |
| Petefish Skiles & Co Bank | 0.01% | 9.41% | |
| JPMorgan Chase Bank | 0.02% | 2.89% | |
| First State Mortgage Bloomington | 0.03% | 1.56% | |
| Draper and Kramer Mortgage Corp | 0.04% | 3.41% | |
| Town and Country Bank | 0.06% | 10.15% | |
| US Bank | 0.07% | 2.52% | |
| Midland States Bank | 0.07% | 1.93% | |
| PNC Bank | 0.08% | 3.41% | |
| CIBM Bank | 0.10% | 2.07% | |
| Regions Bank | 0.13% | 5.26% | |
| Quicken Loans | 0.24% | 7.85% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | -0.17% | 10.02% | |
| Busey Bank | -0.09% | 7.86% | |
| Prairie State Bank and Trust | -0.07% | 10.36% | |
| CEFCU | -0.05% | 4.78% | |
| First Mid Bank & Trust, NA | -0.05% | 10.82% | |
| Wells Fargo Bank | -0.04% | 2.28% | |
| JPMorgan Chase Bank | -0.03% | 3.08% | |
| First State Mortgage Bloomington | 0.02% | 1.94% | |
| Petefish Skiles & Co Bank | 0.02% | 7.29% | |
| Draper and Kramer Mortgage Corp | 0.02% | 4.90% | |
| PNC Bank | 0.05% | 3.42% | |
| Midland States Bank | 0.06% | 2.39% | |
| US Bank | 0.06% | 2.85% | |
| Town and Country Bank | 0.08% | 11.85% | |
| CIBM Bank | 0.09% | 3.08% | |
| Regions Bank | 0.12% | 6.15% | |
| Quicken Loans | 0.18% | 6.95% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | -0.23% | 15.68% | |
| Prairie State Bank and Trust | -0.09% | 17.80% | |
| Busey Bank | -0.02% | 6.36% | |
| First Mid Bank & Trust, NA | -0.00% | 11.86% | |
| Town and Country Bank | 0.00% | 6.99% | |
| CEFCU | 0.01% | 2.12% | |
| Petefish Skiles & Co Bank | 0.02% | 13.35% | |
| First State Mortgage Bloomington | 0.05% | 0.85% | |
| CIBM Bank | 0.06% | 0.21% | |
| Wells Fargo Bank | 0.07% | 2.12% | |
| Draper and Kramer Mortgage Corp | 0.07% | 0.64% | |
| Midland States Bank | 0.09% | 1.06% | |
| US Bank | 0.09% | 1.91% | |
| JPMorgan Chase Bank | 0.13% | 2.54% | |
| PNC Bank | 0.14% | 3.39% | |
| Regions Bank | 0.17% | 3.60% | |
| Quicken Loans | 0.33% | 9.53% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Town and Country Bank | -0.11% | 23.87% | |
| Regions Bank | -0.11% | 10.00% | |
| PNC Bank | -0.04% | 7.10% | |
| Busey Bank | -0.01% | 8.39% | |
| US Bank | 0.06% | 1.94% | |
| CIBM Bank | 0.06% | 6.77% | |
| Quicken Loans | 0.07% | 24.19% | |
| First State Mortgage Bloomington | 0.07% | 3.87% | |
| Midland States Bank | 0.08% | 0.97% | |
| Draper and Kramer Mortgage Corp | 0.13% | 12.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Town and Country Bank | -0.11% | 26.71% | |
| Regions Bank | -0.11% | 10.83% | |
| PNC Bank | -0.06% | 5.42% | |
| Busey Bank | -0.01% | 8.66% | |
| US Bank | 0.06% | 2.17% | |
| CIBM Bank | 0.06% | 7.58% | |
| First State Mortgage Bloomington | 0.08% | 4.33% | |
| Quicken Loans | 0.08% | 18.77% | |
| Midland States Bank | 0.08% | 1.08% | |
| Draper and Kramer Mortgage Corp | 0.13% | 14.44% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PNC Bank | -0.02% | 21.21% | |
| Busey Bank | 0.00% | 6.06% | |
| Quicken Loans | 0.00% | 69.70% | |
| Regions Bank | 0.03% | 3.03% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | 0.00% | 33.33% | |
| Midland States Bank | 0.00% | 33.33% | |
| First Mid Bank & Trust, NA | 0.00% | 33.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dieterich Bank | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Midland States Bank | 0.00% | 50.00% | |
| First Mid Bank & Trust, NA | 0.00% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First State Mortgage Bloomington | -0.03% | 4.29% | |
| Town and Country Bank | -0.03% | 11.43% | |
| Wells Fargo Bank | -0.02% | 10.00% | |
| Regions Bank | -0.01% | 4.29% | |
| Midland States Bank | -0.01% | 2.86% | |
| Busey Bank | -0.00% | 11.43% | |
| PNC Bank | -0.00% | 5.71% | |
| Quicken Loans | 0.00% | 30.00% | |
| CIBM Bank | 0.00% | 2.86% | |
| US Bank | 0.01% | 7.14% | |
| Draper and Kramer Mortgage Corp | 0.07% | 10.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First State Mortgage Bloomington | -0.03% | 5.77% | |
| Town and Country Bank | -0.03% | 13.46% | |
| Wells Fargo Bank | -0.02% | 13.46% | |
| Quicken Loans | -0.01% | 19.23% | |
| Regions Bank | -0.01% | 5.77% | |
| Midland States Bank | -0.00% | 3.85% | |
| PNC Bank | 0.00% | 3.85% | |
| Busey Bank | 0.00% | 11.54% | |
| CIBM Bank | 0.00% | 3.85% | |
| US Bank | 0.01% | 7.69% | |
| Draper and Kramer Mortgage Corp | 0.09% | 11.54% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Busey Bank | -0.02% | 11.11% | |
| Draper and Kramer Mortgage Corp | -0.02% | 5.56% | |
| PNC Bank | -0.01% | 11.11% | |
| US Bank | -0.01% | 5.56% | |
| Town and Country Bank | -0.01% | 5.56% | |
| Quicken Loans | 0.01% | 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.
Mortgage Lender Rankings in Other Cities
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