»
»
DeKalb

Current Mortgage Rates in DeKalb, Illinois

Compare mortgage rates and fees for leading lenders in DeKalb, IL. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in DeKalb.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in DeKalb. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates in DeKalb, IL as of September 27, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's DeKalb, IL Mortgage Rates Compare?

September 27, 2020

The current average rate for a 30 year fixed rate mortgage in DeKalb is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
DeKalb, IL Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in DeKalb, Illinois?

Below we provide helpful information on the real estate market, home prices and housing affordability in DeKalb. Understand how much you need to earn to afford a home in DeKalb, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in DeKalb fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in DeKalb is right for you.

The median home value for DeKalb, IL is $179,079

Based on current mortgage rates and a 10% down payment, you need to make $32,230 per year to buy the median priced home in DeKalb

With this income, you could qualify for a $161,171 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in DeKalb is $746

The median household income for DeKalb, IL is $61,531

Based on this income, you can afford a home valued at approximately $341,888

The home price you can afford to buy based on household income in DeKalb is 191% of the median home value which means housing prices are average. DeKalb ranks 95 out of 102 counties in Illinois and 1,758 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in DeKalb, IL is average

orange-simple-house
ruler

Loan Limits for DeKalb, Illinois

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for DeKalb below.

Conforming loan limits for DeKalb, IL

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for DeKalb, IL

1 unit: $368,000
2 units: $471,100
3 units: $569,450
4 units: $707,700

VA loan limits for DeKalb, IL

1 unit: $510,400

Additional Mortgage Resources for DeKalb, IL Residents

Mortgage Rates for Illinois Cities

Bloomington Mortgage Rates

Champaign Mortgage Rates

Chicago Mortgage Rates

Decatur Mortgage Rates

DeKalb Mortgage Rates

Elgin Mortgage Rates

Joilet Mortgage Rates

Kankakee Mortgage Rates

LaSalle Mortgage Rates

Madison Mortgage Rates

McHenry Mortgage Rates

Moline Mortgage Rates

Naperville Mortgage Rates

Oswego Mortgage Rates

Pekin Mortgage Rates

Peoria Mortgage Rates

Rockford Mortgage Rates

Springfield Mortgage Rates

St. Clair Mortgage Rates

Waukegan Mortgage Rates