Lowest closing cost mortgage lenders in Madison County County, Illinois
In Madison County, Illinois, homebuyers paid a median of $3,273 in closing costs in 2024 — below the Illinois median of $6,096. The county saw 2,580 purchase mortgages at a median rate of 6.75%. Among lenders with 10+ originations, Bank of America, National Association offered the lowest median costs at $0, which is $2,786 less than the county median.
Homebuyers in Madison County County who chose Bank of America, National Association paid $3,273 less in closing costs than the county median.
County Median Costs
$3,273
−46.3% vs Illinois ($6,096)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$1,261
Purchase Originations
2,580
vs Illinois Median
46.3% below
$-2,823
vs National Median
51.5% below
$-3,468
Lender rankings in Madison County County
34 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $0 | 6.250% | $0 | 11 | −$2,786 | |
| 2 | $1,596 | 6.625% | $234 | 19 | −$1,190 | |
| 3 | $1,677 | 6.750% | $467 | 11 | −$1,109 | |
| 4 | $1,760 | 8.000% | $1,289 | 22 | −$1,026 | |
| 5 | $1,789 | 6.500% | $495 | 33 | −$997 | |
| 6 | $2,027 | 6.500% | $495 | 10 | −$759 | |
| 7 | $2,122 | 6.438% | $650 | 64 | −$664 | |
| 8 | $2,138 | 6.625% | $775 | 19 | −$648 | |
| 9 | $2,223 | 6.995% | $650 | 204 | −$563 | |
| 10 | $2,291 | 6.500% | $850 | 28 | −$495 | |
| 11 | $2,384 | 6.530% | $840 | 21 | −$402 | |
| 12 | $2,449 | 6.875% | $615 | 17 | −$337 | |
| 13 | $2,483 | 6.375% | $695 | 100 | −$303 | |
| 14 | $2,507 | 6.625% | $900 | 61 | −$279 | |
| 15 | $2,524 | 6.500% | $950 | 109 | −$262 | |
| 16 | $2,674 | 7.000% | $0 | 13 | −$112 | |
| 17 | $2,700 | 6.625% | $995 | 69 | −$86 | |
| 18 | $2,756 | 6.875% | $1,204 | 12 | −$30 | |
| 19 | $2,822 | 6.688% | $1,087 | 62 | +$36 | |
| 20 | $2,922 | 6.750% | $1,100 | 31 | +$136 | |
| 21 | $2,928 | 6.625% | $1,285 | 75 | +$142 | |
| 22 | $3,102 | 6.875% | $1,280 | 22 | +$316 | |
| 23 | $3,117 | 7.000% | $1,495 | 43 | +$331 | |
| 24 | $3,164 | 7.125% | $1,441 | 19 | +$378 | |
| 25 | $3,293 | 6.990% | $1,535 | 28 | +$507 | |
| 26 | $3,372 | 6.625% | $1,400 | 14 | +$586 | |
| 27 | $3,628 | 7.125% | $1,725 | 94 | +$842 | |
| 28 | $3,699 | 6.999% | $2,074 | 75 | +$913 | |
| 29 | $3,734 | 6.750% | $1,776 | 67 | +$948 | |
| 30 | $3,797 | 7.033% | $1,640 | 50 | +$1,011 | |
| 31 | $4,384 | 6.990% | $2,991 | 15 | +$1,598 | |
| 32 | $5,040 | 6.912% | $3,175 | 28 | +$2,254 | |
| 33 | $5,128 | 6.625% | $3,730 | 39 | +$2,342 |
Includes lenders with 10+ purchase originations in Madison County County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in Illinois → Lender Directory
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.