As we continue through the nation, looking at the best home mortgage rates, we here at Peak Personal Finance are coming to Illinois and looking at what’s offered there. The best home loans in Illinois will be listed by term and annual percentage rate (APR).

For this look, we’ll be assuming a home value on par with averages in the area and a loan amount of that or less. We’re also assuming good credit (700+ FICO) and 20% in down payment and/or equity plus cash on hand for fees. Some fees will be expressed in points, which are usually added to the loan value.

30 Year Fixed Rate Best Home Loans in Illinois
First Savings Bank of Hegewisch offers 5.142% APR loans with no points and only $325 in closing fees. This can be locked in for 30 days.

Liberty Bank for Savings offers 5.416% APR, also with no points and only $750 in closing fees and a 30 day lock-in option.

Northern Trust Co has a 5.441% APR and no points with $1,200 in fixed fees on closing. This can be locked in for up to 60 days as well.

15 Year Fixed Rate Best Home Mortgage Rates in Illinois
For this shorter term, the best home mortgage rates are at Liberty Bank for Savings with a 4.693% APR, no points, and $750 in fixed fees. A 30-day lock is available.

Bank Financial offers a 4.783% APR with no points and fees by low percentage (about 0.02%). This has an available 60 day lock-in.

Harris N.A. has a 4.806% APR with no points and percentage-based fees of 0.04% of loan value. This can be locked in for sixty days as well.

5/1 Adjustable Rate Mortgage Best Home Loans in Illinois
Only a few banks are offering these now and the best mortgage interest rates on them are at Harris N.A. with 3.751% APR, no points and fees based on percentage (0.04% of total).

Northern Trust has a 3.896% APR with no points and $1,200 in fixed fees. Both of these offers have 60-day lock in options.

All banks listed are FHA certified. Your situation will change some parameters, so these listings are for information only and may not apply to you.