What are the average closing costs in Monroe County County?

In Monroe County County, the median total loan costs on purchase mortgages were $3,574 in 2024, based on 321 originations.

Which lender has the lowest closing costs in Monroe County County?

Among lenders with 10+ originations in Monroe County County, First National Bank of Waterloo had the lowest median total closing costs at $1,648 in 2024.

How do closing costs in Monroe County County compare to Illinois?

Monroe County County closing costs (median $3,574) are 41.4% below the Illinois state median of $6,096.

Lowest closing cost mortgage lenders in Monroe County County, Illinois

In Monroe County, Illinois, homebuyers paid a median of $3,574 in closing costs in 2024 — below the Illinois median of $6,096. The county saw 321 purchase mortgages at a median rate of 6.88%. Among lenders with 10+ originations, First National Bank of Waterloo offered the lowest median costs at $1,648, which is $1,690 less than the county median.

Homebuyers in Monroe County County who chose First National Bank of Waterloo paid $1,926 less in closing costs than the county median.

County Median Costs

$3,574

−41.4% vs Illinois ($6,096)

Median Rate

6.880%

+3.9% vs national (6.620%)

Median Origination

$1,300

Purchase Originations

321

vs Illinois Median

41.4% below

$-2,522

vs National Median

47.0% below

$-3,167

Lender rankings in Monroe County County

5 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	First National Bank of Waterloo	$1,648	6.500%	$600	27	−$1,690
2	SCOTT CREDIT UNION	$2,594	6.625%	$695	10	−$744
3	FCB Banks	$2,600	7.699%	$670	15	−$738
4	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	$3,468	6.990%	$1,300	49	+$130
5	GUARANTEED RATE, INC.	$3,989	6.982%	$2,101	14	+$651

Includes lenders with 10+ purchase originations in Monroe 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

Found your lender? Make sure their quote is fair.

HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.

Audit my Closing Disclosure Check my Loan Estimate

Getting a quote from one of these lenders? Upload your Loan Estimate to verify their fees → Fair Loan Check

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.