»
»
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 October 14, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for DeKalb, IL

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

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

October 14, 2019

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%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in DeKalb, Illinois?

The median home value for DeKalb, IL is $172,856

The median household income for DeKalb, IL is $60,127

Based on current mortgage rates and a 10% down payment, you need to make $32,070 per year to buy the median priced home in DeKalb

The home price you can afford to buy based on household income in DeKalb is 187% of the median home value which means housing prices are average

DeKalb ranks 95 out of 102 counties in Illinois and 1,833 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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

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: $484,350

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

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index