Illinois · Q1 2026
What Illinois borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 665 lenders.
Published 2026-04-29.
Illinois · headline
The gap between Illinois's lowest- and highest-cost ranked lenders in 2025 was $3,683 on a typical loan — borrowers using Fairway Independent Mortgage paid roughly 115% more than borrowers using U.S. Bank National Association on similar loans.
Source: FFIEC HMDA 2025 (n=158,705)
In 2025, 665 mortgage lenders originated 158,705 reportable loans in Illinois according to FFIEC HMDA data. The median borrower paid $5,659 in total loan costs. That is 33.4% above the national median across all 50 states and DC.
Illinois's median total loan cost was $5,659, 33.4% above the national median of $4,242. On a typical loan, that translates to roughly $1,417 more than borrowers paid in the average state.
U.S. Bank National Association posted the lowest median total loan costs at $3,213, 43.2% below the Illinois median. Across the ranked lenders, 4 earned an A grade against peer averages and 6 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in Illinois are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $5,403 | $2,625 | 11,984 | B |
| 2 | United Wholesale Mortgage | $6,591 | $2,357 | 9,998 | D |
| 3 | Guaranteed Rate | $6,468 | $1,640 | 8,055 | D |
| 4 | JPMorgan Chase Bank, N.A. | $3,592 | $1,595 | 7,647 | A |
| 5 | CrossCountry Mortgage | $6,804 | $1,957 | 4,971 | D |
| 6 | loanDepot.com, LLC | $6,848 | $2,751 | 4,015 | D |
| 7 | New American Funding | $6,081 | $1,739 | 3,414 | C |
| 8 | Fairway Independent Mortgage | $6,896 | $2,209 | 3,342 | D |
| 9 | GREENSTATE Credit Union | $3,292 | $1,200 | 3,164 | A |
| 10 | Mortgage Research Center, LLC | $4,377 | $2,459 | 2,965 | A |
Illinois median total loan cost
Illinois borrowers paid a median $5,659 in total loan costs in 2025, based on 158,705 HMDA-reported loans across 665 lenders.
FFIEC HMDA 2025
Lender spread in Illinois
In Illinois, the gap between U.S. Bank National Association ($3,213 median) and Fairway Independent Mortgage ($6,896 median) was $3,683 on a typical 2025 loan.
FFIEC HMDA 2025
Illinois vs. national
Illinois closing costs ran 33.4% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in Illinois was $1,592, with the typical lender clustering tightly around that figure. Discount points appeared on 40% of loans, with a median paid amount of $1,412 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 37% of loans, with a median credit of $405.
Avg $2,756
Median $1,412 when present
Median $405 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in Illinois) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for Illinois
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