Lowest closing cost mortgage lenders in McDonough County County, Illinois
In McDonough County, Illinois, homebuyers paid a median of $2,576 in closing costs in 2024 — below the Illinois median of $6,096. The county saw 165 purchase mortgages at a median rate of 6.75%. Among lenders with 10+ originations, United Community Bank offered the lowest median costs at $1,951, which is $429 less than the county median.
Homebuyers in McDonough County County who chose United Community Bank paid $625 less in closing costs than the county median.
County Median Costs
$2,576
−57.7% vs Illinois ($6,096)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$719
Purchase Originations
165
vs Illinois Median
57.7% below
$-3,520
vs National Median
61.8% below
$-4,165
Lender rankings in McDonough County County
3 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,951 | 6.625% | $495 | 23 | −$429 | |
| 2 | $2,354 | 7.125% | $695 | 24 | −$26 |
Includes lenders with 10+ purchase originations in McDonough 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.