Lynwood, Illinois Mortgage Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Lynwood, Illinois mortgage rates from lenders serving Illinois range from 4.50% to 11.00%, verified by MonitorBankRates as of October 12, 2026. Current 30-year fixed mortgage rates for Lynwood, Illinois borrowers from lenders serving Illinois include Actors Federal Credit UnionActors Federal Credit UnionA-5.0 ★Texas Ratio: 15.48% at 5.79%, PNB of KewaneePNB of KewaneeB4.7 ★Texas Ratio: 19.21% at 5.96%, GenFed Financial Credit UnionGenFed Financial Credit UnionA+5.0 ★Texas Ratio: 4.88% at 6.24%, Central Credit Union of IllinoisCentral Credit Union of IllinoisA+5.0 ★Texas Ratio: 4.42% at 5.99%, and Vantage Credit UnionVantage Credit UnionA+5.0 ★Texas Ratio: 4.97% at 6.75%. Mortgage rates as of October 12, 2026 according to verified data from MonitorBankRates.
Lynwood borrowers can compare 171 mortgage rates from 49 lenders serving the Illinois area, with mortgage rates as low as 5.79% from Actors Federal Credit Union. Use the tabs below to compare available loan types. Rates are continually updated, so we recommend checking back frequently.
Mortgage Rates reflect actual verified offers from lenders actively lending to Illinois borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: October 12, 2026
Compare Mortgage Rates Today in Lynwood, Illinois & the Surrounding Area
Lynwood 30 Year Fixed Mortgage Rates
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Rates include all possible discounts. Contact us to determine which discounts apply to you.
- Oct 10, 20266.24%▲ from 5.49%
- Sep 18, 20265.49%first recorded
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- Oct 1, 20266.83%▲ from 6.23%
- Sep 27, 20266.23%first recorded
Fixed-rate mortgage; savings example based on $250,000 loan; excellent credit profile
No additional details available.
- Oct 11, 20266.89%▼ from 7.02%
- Sep 24, 20267.02%▲ from 6.77%
- Sep 15, 20266.77%first recorded
No additional details available.
- Oct 1, 20267.07%▲ from 6.73%
- Sep 22, 20266.73%▼ from 7.07%
- Sep 18, 20267.07%first recorded
No additional details available.
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- Sep 18, 20267.09%▲ from 6.45%
- Sep 14, 20266.45%first recorded
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- Oct 11, 20267.15%▲ from 7.02%
- Sep 24, 20267.02%▲ from 6.77%
- Sep 15, 20266.77%first recorded
Mortgage rates are current as of October 5, 2026, and are subject to change at any time.
- Oct 7, 20267.25%▲ from 7.13%
- Oct 1, 20267.13%▲ from 7.00%
- Sep 19, 20267.00%▲ from 6.88%
- Sep 15, 20266.88%first recorded
No additional details available.
- Oct 9, 20267.27%▲ from 6.76%
- Sep 18, 20266.76%first recorded
Additional APR listed for this product: 7.32%, 7.34%.
- Oct 9, 20267.29%▲ from 6.76%
- Sep 18, 20266.76%first recorded
Rates quoted are based on a purchase transaction with a loan-to-value of 70%, primary residence, and a credit score of 760 or higher. Actual rates may be higher depending on the loan amount, loan purpose, credit history or loan-to-value. All interest rates, APRs, and costs are indications only and are subject to change without notice. Contact your Empeople Loan Originator for more information. Payments are only examples. Taxes & insurance premiums are not included in the payment, if included the actual payment obligation will be greater. Rates may vary based on loan size & geographical location. Loans with a loan to value greater than 80% may require private mortgage insurance, which will increase the monthly payment amount. Cost equals discount points paid.
- Oct 10, 20267.30%▲ from 6.79%
- Sep 14, 20266.79%first recorded
No additional details available.
- Oct 7, 20267.31%▲ from 7.18%
- Oct 1, 20267.18%▲ from 7.06%
- Sep 19, 20267.06%▲ from 6.93%
- Sep 15, 20266.93%first recorded
No additional details available.
- Sep 27, 20267.31%▲ from 7.06%
- Sep 15, 20267.06%first recorded
No additional details available.
- Oct 12, 20267.33%▼ from 7.45%
- Oct 8, 20267.45%first recorded
No additional details available.
- Oct 2, 20267.35%▲ from 7.28%
- Oct 1, 20267.28%first recorded
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- Oct 1, 20267.35%▲ from 6.85%
- Sep 18, 20266.85%▲ from 6.60%
- Sep 14, 20266.60%first recorded
No additional details available.
- Oct 11, 20267.42%▼ from 7.67%
- Oct 7, 20267.67%▲ from 7.55%
- Oct 1, 20267.55%▲ from 7.30%
- Sep 24, 20267.30%▲ from 7.17%
Additional APR listed for this product: 7.45%.
No additional details available.
- Oct 9, 20267.44%▲ from 6.93%
- Sep 22, 20266.93%▲ from 6.81%
- Sep 14, 20266.81%first recorded
No additional details available.
No additional details available.
- Oct 1, 20267.47%▲ from 7.09%
- Sep 24, 20267.09%▲ from 6.83%
- Sep 15, 20266.83%first recorded
Terms and Conditions
- Sep 27, 20267.47%▲ from 7.34%
- Sep 24, 20267.34%▲ from 7.22%
- Sep 18, 20267.22%▲ from 7.09%
- Sep 15, 20267.09%first recorded
VA Assumptions: Purchase price $200,000, Loan Amount $204,300, no down-payment, 680 credit score, Illinois primary residence only, single family home, fees may include 2.15% VA funding fee as required by VA, first-time use, regular military, 45-day rate lock.
- Oct 10, 20267.49%▼ from 7.50%
- Oct 1, 20267.50%▲ from 7.11%
- Sep 22, 20267.11%▲ from 7.09%
- Sep 18, 20267.09%▲ from 6.83%
No additional details available.
- Oct 7, 20267.51%▲ from 7.13%
- Sep 24, 20267.13%▲ from 7.07%
- Sep 18, 20267.07%▼ from 7.13%
- Sep 15, 20267.13%first recorded
Fixed-Rate Mortgage; rates shown are based on our no-points option
- Oct 12, 20267.51%▼ from 7.63%
- Oct 8, 20267.63%▲ from 7.57%
- Oct 4, 20267.57%▼ from 7.67%
- Oct 1, 20267.67%▲ from 6.85%
No additional details available.
Purchase rates shown above are stated as low as. Rates can vary based on individual loan characteristics. Displayed rates reflect a 45-day lock period. Refinances are currently locked for 60 days.
As low as; Rate: 7.250%; APR: 7.540%
- Oct 9, 20267.54%▲ from 7.16%
- Sep 29, 20267.16%▲ from 6.77%
- Sep 14, 20266.77%first recorded
No additional details available.
- Oct 1, 20267.55%▲ from 7.42%
- Sep 27, 20267.42%▲ from 7.30%
- Sep 24, 20267.30%▲ from 7.17%
- Sep 18, 20267.17%first recorded
No additional details available.
- Oct 1, 20267.55%▲ from 7.30%
- Sep 24, 20267.30%▲ from 7.18%
- Sep 15, 20267.18%first recorded
No additional details available.
- Oct 7, 20267.55%▲ from 7.43%
- Sep 27, 20267.43%▲ from 7.30%
- Sep 24, 20267.30%first recorded
No additional details available.
- Oct 9, 20267.56%▲ from 7.06%
- Sep 14, 20267.06%first recorded
as low as
- Oct 12, 20267.58%▼ from 7.71%
- Oct 8, 20267.71%▲ from 7.46%
- Oct 3, 20267.46%▼ from 7.71%
- Oct 1, 20267.71%▲ from 7.58%
Conventional Assumptions: Purchase Price $312,500, Loan Amount $250,000, single family home, Illinois primary residence, 80% loan-to-value, credit score 780 or higher, escrow required, 45-day rate lock.
No additional details available.
- Oct 7, 20267.64%▲ from 7.13%
- Sep 24, 20267.13%first recorded
As Low As
- Oct 1, 20267.68%▲ from 7.55%
- Sep 27, 20267.55%▲ from 7.30%
- Sep 18, 20267.30%▲ from 7.17%
- Sep 15, 20267.17%first recorded
No additional details available.
- Oct 1, 20267.68%▲ from 7.55%
- Sep 27, 20267.55%▲ from 7.30%
- Sep 18, 20267.30%first recorded
No additional details available.
- Oct 1, 20267.68%▲ from 6.68%
- Sep 19, 20266.68%first recorded
No additional details available.
- Oct 1, 20267.68%▲ from 7.43%
- Sep 24, 20267.43%▲ from 7.30%
- Sep 18, 20267.30%first recorded
No additional details available.
- Oct 1, 20267.69%▲ from 7.56%
- Sep 27, 20267.56%▲ from 7.18%
- Sep 24, 20267.18%first recorded
No additional details available.
- Oct 1, 20267.70%▲ from 7.57%
- Sep 27, 20267.57%▲ from 7.45%
- Sep 24, 20267.45%first recorded
No additional details available.
- Oct 9, 20267.71%▼ from 7.83%
- Oct 5, 20267.83%▲ from 7.71%
- Sep 29, 20267.71%▲ from 7.27%
- Sep 14, 20267.27%first recorded
HomeReady Assumptions: Purchase Price $260,000, Loan Amount $252,200, single family home, Illinois primary residence, 97% loan-to-value, credit score 780 or higher, escrow required, 45-day rate lock, income limits apply; income cannot exceed 80% of the area median income(AMI).
- Oct 10, 20267.74%▲ from 6.97%
- Sep 14, 20266.97%first recorded
No additional details available.
- Oct 11, 20267.75%▼ from 8.14%
- Oct 7, 20268.14%▲ from 7.76%
- Sep 24, 20267.76%▲ from 7.63%
- Sep 19, 20267.63%▲ from 7.51%
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- Oct 1, 20267.76%▲ from 7.25%
- Sep 24, 20267.25%first recorded
Terms and Conditions
Lynwood 15 Year Fixed Mortgage Rates
No additional details available.
For complete information or rate quotes contact a Mortgage Specialist at 563-210-2787 or 563-888-9670
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- Oct 1, 20266.25%▲ from 5.62%
- Sep 27, 20265.62%first recorded
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- Sep 24, 20266.36%▲ from 6.11%
- Sep 15, 20266.11%first recorded
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- Oct 2, 20266.45%▲ from 5.69%
- Sep 18, 20265.69%first recorded
No additional details available.
- Oct 1, 20266.54%▼ from 6.62%
- Sep 22, 20266.62%▲ from 6.54%
- Sep 18, 20266.54%first recorded
No additional details available.
- Oct 10, 20266.59%▲ from 6.25%
- Sep 22, 20266.25%first recorded
No additional details available.
- Sep 18, 20266.59%▲ from 5.96%
- Sep 14, 20265.96%first recorded
No additional details available.
- Oct 11, 20266.61%▲ from 6.36%
- Sep 24, 20266.36%▲ from 6.11%
- Sep 15, 20266.11%first recorded
No additional details available.
Mortgage rates are current as of October 5, 2026, and are subject to change at any time.
- Oct 7, 20266.63%▲ from 6.50%
- Oct 1, 20266.50%▲ from 6.38%
- Sep 19, 20266.38%▲ from 6.25%
- Sep 15, 20266.25%first recorded
No additional details available.
- Oct 7, 20266.68%▲ from 6.55%
- Oct 1, 20266.55%▲ from 6.43%
- Sep 19, 20266.43%▲ from 6.30%
- Sep 15, 20266.30%first recorded
No additional details available.
- Oct 2, 20266.69%▲ from 5.82%
- Sep 18, 20265.82%first recorded
No additional details available.
Purchase rates shown above are stated as low as. Rates can vary based on individual loan characteristics. Displayed rates reflect a 45-day lock period. Refinances are currently locked for 60 days.
No additional details available.
- Oct 12, 20266.85%▼ from 6.97%
- Oct 8, 20266.97%first recorded
Rates quoted are based on a purchase transaction with a loan-to-value of 70%, primary residence, and a credit score of 760 or higher. Actual rates may be higher depending on the loan amount, loan purpose, credit history or loan-to-value. All interest rates, APRs, and costs are indications only and are subject to change without notice. Contact your Empeople Loan Originator for more information. Payments are only examples. Taxes & insurance premiums are not included in the payment, if included the actual payment obligation will be greater. Rates may vary based on loan size & geographical location. Loans with a loan to value greater than 80% may require private mortgage insurance, which will increase the monthly payment amount. Cost equals discount points paid.
- Oct 10, 20266.85%▼ from 7.65%
- Oct 2, 20267.65%▲ from 6.88%
- Sep 14, 20266.88%first recorded
No additional details available.
- Oct 9, 20266.88%▲ from 6.63%
- Sep 22, 20266.63%▲ from 6.50%
- Sep 18, 20266.50%first recorded
No additional details available.
- Oct 9, 20266.88%▼ from 7.00%
- Oct 2, 20267.00%▲ from 6.88%
- Oct 1, 20266.88%▲ from 6.50%
- Sep 14, 20266.50%first recorded
Fixed-Rate Mortgage; rates shown are based on our no-points option
- Oct 12, 20266.90%▼ from 7.03%
- Oct 8, 20267.03%▲ from 6.79%
- Oct 4, 20266.79%▼ from 7.00%
- Oct 1, 20267.00%▲ from 6.18%
No additional details available.
- Oct 9, 20266.91%▲ from 6.78%
- Oct 1, 20266.78%▲ from 6.53%
- Sep 18, 20266.53%▲ from 6.16%
- Sep 14, 20266.16%first recorded
No additional details available.
- Oct 1, 20267.01%▲ from 6.63%
- Sep 24, 20266.63%▲ from 6.38%
- Sep 15, 20266.38%first recorded
No additional details available.
- Oct 7, 20267.09%▲ from 6.71%
- Sep 18, 20266.71%▲ from 6.59%
- Sep 15, 20266.59%first recorded
No additional details available.
- Oct 1, 20267.11%▲ from 6.98%
- Sep 27, 20266.98%▲ from 6.86%
- Sep 24, 20266.86%first recorded
No additional details available.
- Sep 27, 20267.18%▲ from 7.06%
- Sep 24, 20267.06%▲ from 6.80%
- Sep 18, 20266.80%▲ from 6.68%
- Sep 14, 20266.68%first recorded
No additional details available.
- Oct 7, 20267.19%▲ from 6.97%
- Sep 24, 20266.97%first recorded
No additional details available.
- Oct 9, 20267.20%▼ from 7.45%
- Oct 5, 20267.45%▲ from 7.33%
- Sep 29, 20267.33%▲ from 6.90%
- Sep 14, 20266.90%first recorded
As Low As
- Sep 27, 20267.20%▲ from 6.95%
- Sep 18, 20266.95%▲ from 6.70%
- Sep 15, 20266.70%first recorded
Conventional Assumptions: Purchase Price $312,500, Loan Amount $250,000, single family home, Illinois primary residence, 80% loan-to-value, credit score 780 or higher, escrow required, 45-day rate lock
No additional details available.
- Sep 27, 20267.20%▲ from 6.95%
- Sep 18, 20266.95%first recorded
No additional details available.
- Oct 1, 20267.20%▲ from 5.84%
- Sep 19, 20265.84%first recorded
No additional details available.
- Oct 1, 20267.21%▲ from 6.96%
- Sep 24, 20266.96%▲ from 6.71%
- Sep 15, 20266.71%first recorded
No additional details available.
- Sep 27, 20267.21%▲ from 6.96%
- Sep 24, 20266.96%first recorded
No additional details available.
- Oct 9, 20267.22%▲ from 7.09%
- Sep 22, 20267.09%▲ from 6.84%
- Sep 14, 20266.84%first recorded
No additional details available.
- Sep 27, 20267.26%▲ from 6.83%
- Sep 15, 20266.83%first recorded
as low as
- Oct 12, 20267.26%▼ from 7.51%
- Oct 1, 20267.51%▲ from 7.26%
- Sep 28, 20267.26%▲ from 7.01%
- Sep 20, 20267.01%first recorded
Qualifications Apply - Click Here
- Oct 7, 20267.37%▼ from 7.50%
- Oct 1, 20267.50%first recorded
As low as; Rate: 7.000%; APR: 7.461%
- Oct 9, 20267.46%▲ from 7.08%
- Sep 29, 20267.08%▲ from 6.57%
- Sep 14, 20266.57%first recorded
No additional details available.
- Oct 7, 20267.56%▼ from 8.07%
- Sep 24, 20268.07%▲ from 7.69%
- Sep 19, 20267.69%▲ from 6.68%
- Sep 15, 20266.68%first recorded
No additional details available.
- Oct 9, 20267.59%▲ from 7.54%
- Sep 29, 20267.54%▲ from 7.46%
- Sep 18, 20267.46%▲ from 7.08%
- Sep 14, 20267.08%first recorded
No additional details available.
- Oct 11, 20267.63%▼ from 7.84%
- Oct 7, 20267.84%▲ from 7.71%
- Sep 24, 20267.71%▲ from 7.33%
- Sep 19, 20267.33%▲ from 7.21%
No additional details available.
- Oct 1, 20267.83%▲ from 7.33%
- Sep 24, 20267.33%first recorded
No additional details available.
No additional details available.
- Oct 9, 20268.08%▲ from 7.45%
- Sep 29, 20267.45%▲ from 6.70%
- Sep 14, 20266.70%first recorded
As Low As; *
- Oct 7, 20268.57%▲ from 8.07%
- Sep 24, 20268.07%▲ from 7.69%
- Sep 19, 20267.69%▲ from 6.68%
- Sep 15, 20266.68%first recorded
No additional details available.
No additional details available.
Lynwood 5/1 ARM Mortgage Rates
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No additional details available.
The maximum lifetime cap is 6%.
No additional details available.
- Oct 9, 20266.25%▼ from 7.03%
- Sep 22, 20267.03%first recorded
No additional details available.
- Oct 9, 20266.26%▲ from 5.54%
- Sep 14, 20265.54%first recorded
Purchase rates shown above are stated as low as. Rates can vary based on individual loan characteristics. Displayed rates reflect a 45-day lock period. Refinances are currently locked for 60 days.
5/6 ARM
- Oct 10, 20266.51%▲ from 6.46%
- Oct 1, 20266.46%first recorded
Term: 15/15 ARM - Member Advantage
- Oct 1, 20266.54%▲ from 5.92%
- Sep 27, 20265.92%first recorded
Conform / Jumbo: Up to $806,500
- Oct 5, 20266.86%▲ from 6.57%
- Sep 14, 20266.57%first recorded
Rates effective October 09, 2026. Rates, and terms and conditions subject to change without notice on new loans. Rates posted are estimates only and are subject to change without notice. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. The quotes above are based on a specific loan amount for the purchase of a single family primary residence. 4) *APR (Annual Percentage Rate) effective 9/17/2026. APR is based on the Prime Rate (7.00%), or Prime Rate (7.00%) plus a margin based on underwriting & Loan To Value (LTV) and may vary with Prime Rate after account opening: Floor = 2.00% APR, Cap = 15.0% APR. Loan features 10-year draw and 15-year repayment period. APR reflects best rate available based on less than 90% LTV & individual creditworthiness. Minimal credit union closing costs incurred for lines of credit up to $249,999 when automated value model is used for underwriting; loans using alternate valuation sources could incur closing costs up to $600 depending on property location, type and loan amount. Loans greater than $249,999 subject to standard lending practices with a closing cost between $0.00 - $4,000. City/county/state fees may apply. Membership eligibility is required. Loan subject to approval. Equity limits and underwriting requirements vary by state. We do business in accordance to the Federal Fair Housing Law and Equal Credit Opportunity Act. NMLS#401252.
- Oct 9, 20266.87%▼ from 7.03%
- Sep 22, 20267.03%first recorded
Rates Effective October 5, 2026.
- Oct 9, 20266.91%▲ from 6.66%
- Sep 29, 20266.66%first recorded
As low as; Adjustable-Rate Mortgages
- Oct 9, 20266.93%▼ from 7.00%
- Oct 5, 20267.00%▼ from 7.05%
- Oct 2, 20267.05%▲ from 6.91%
- Sep 29, 20266.91%▲ from 6.86%
Term: 360 payments (30-year term); Rates quoted are based on a purchase transaction with a loan-to-value of 70%, primary residence, and a credit score of 760 or higher. Actual rates may be higher depending on the loan amount, loan purpose, credit history or loan-to-value. All interest rates, APRs, and costs are indications only and are subject to change without notice. Contact your Empeople Loan Originator for more information. Payments are only examples. Taxes & insurance premiums are not included in the payment, if included the actual payment obligation will be greater. Rates may vary based on loan size & geographical location. Loans with a loan to value greater than 80% may require private mortgage insurance, which will increase the monthly payment amount. Cost equals discount points paid. Payment Examples Payments are based upon a purchase transaction with a loan-to-value of 70%, 1-unit primary residence, and a credit score of 760 or higher. Taxes & insurance premiums are
- Oct 10, 20266.94%▲ from 6.81%
- Sep 22, 20266.81%▲ from 6.51%
- Sep 18, 20266.51%first recorded
Rates shown are based on our no-points option
No additional details available.
- Oct 7, 20267.01%▲ from 6.76%
- Sep 18, 20266.76%first recorded
Conform / Jumbo: Over $806,500
- Oct 5, 20267.06%▲ from 6.74%
- Sep 14, 20266.74%first recorded
No additional details available.
- Oct 1, 20267.15%▲ from 6.54%
- Sep 22, 20266.54%▼ from 7.00%
- Sep 18, 20267.00%first recorded
No additional details available.
- Oct 8, 20267.21%▲ from 7.14%
- Oct 3, 20267.14%▲ from 7.13%
- Oct 1, 20267.13%▲ from 7.09%
- Sep 24, 20267.09%▲ from 6.92%
No additional details available.
- Oct 10, 20267.51%▲ from 6.82%
- Oct 1, 20266.82%▲ from 6.65%
- Sep 27, 20266.65%▲ from 6.38%
- Sep 14, 20266.38%first recorded
Payment Example: $5.52
No additional details available.
- Oct 10, 20268.21%▲ from 6.93%
- Oct 1, 20266.93%▲ from 6.84%
- Sep 27, 20266.84%▲ from 6.56%
- Sep 14, 20266.56%first recorded
Lynwood 30-Year Jumbo Mortgage Rates
Payment Example: 3/5 Jumbo ARM Payment Example
- Oct 6, 20266.87%▲ from 6.77%
- Sep 30, 20266.77%first recorded
No additional details available.
- Oct 8, 20267.10%▲ from 7.03%
- Oct 3, 20267.03%▲ from 7.03%
- Oct 1, 20267.03%▲ from 6.98%
- Sep 24, 20266.98%first recorded
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term.
No additional details available.
- Sep 27, 20267.26%▲ from 7.01%
- Sep 18, 20267.01%first recorded
No additional details available.
- Sep 27, 20267.26%▲ from 7.01%
- Sep 15, 20267.01%first recorded
$832,751 - $1,000,000
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term.
As low as; Jumbo Fixed-Rate Mortgages
- Oct 5, 20267.38%▼ from 7.50%
- Oct 2, 20267.50%▲ from 7.33%
- Sep 29, 20267.33%▲ from 7.13%
- Sep 25, 20267.13%▲ from 6.86%
As low as; Jumbo Fixed-Rate Mortgages
- Oct 5, 20267.53%▼ from 7.65%
- Oct 2, 20267.65%▲ from 7.40%
- Sep 29, 20267.40%▲ from 7.28%
- Sep 25, 20267.28%▲ from 7.02%
No additional details available.
No additional details available.
Terms and Conditions
- Oct 7, 20267.78%▲ from 7.65%
- Oct 2, 20267.65%▲ from 7.53%
- Sep 18, 20267.53%▲ from 7.15%
- Sep 15, 20267.15%first recorded
Term: 10/1 ARM - 30 Year Term
As low as; Rate: 7.625%; APR: 7.924%
- Oct 9, 20267.92%▲ from 7.54%
- Sep 29, 20267.54%▲ from 7.05%
- Sep 14, 20267.05%first recorded
Term: 7/1 ARM - 30 Year Term
Lynwood 15-Year Jumbo Mortgage Rates
As low as; Jumbo Fixed-Rate Mortgages
- Oct 5, 20266.70%▼ from 6.83%
- Oct 2, 20266.83%▲ from 6.58%
- Sep 29, 20266.58%▲ from 6.45%
- Sep 25, 20266.45%▲ from 6.20%
As low as; Jumbo Fixed-Rate Mortgages
- Oct 5, 20266.79%▼ from 6.92%
- Oct 2, 20266.92%▲ from 6.67%
- Sep 29, 20266.67%▲ from 6.54%
- Sep 25, 20266.54%▲ from 6.29%
No additional details available.
Lynwood 5/1 Jumbo ARM Mortgage Rates
As low as; Jumbo Adjustable-Rate Mortgages
- Oct 9, 20266.80%▼ from 6.87%
- Oct 5, 20266.87%▼ from 6.92%
- Oct 2, 20266.92%▲ from 6.78%
- Sep 29, 20266.78%▲ from 6.73%
Payment Example: 5/5 Jumbo ARM Payment Example
- Oct 6, 20266.83%▲ from 6.75%
- Sep 30, 20266.75%first recorded
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term.
Term: 5/1 ARM - 30 Year Term
Lynwood FHA Loan Rates
Terms and Conditions
FHA Assumptions: Purchase price $210,000, Loan Amount $206,196, 3.5% down-payment, 680 credit score, Illinois primary residence only, single family home, fees include 1.75% up front mortgage insurance premium (UFMIP) as required by FHA, results in higher APR, 45-day rate lock.
- Oct 10, 20267.99%▲ from 7.98%
- Oct 1, 20267.98%▲ from 7.62%
- Sep 22, 20267.62%▼ from 7.97%
- Sep 18, 20267.97%▲ from 7.74%
No additional details available.
No additional details available.
No additional details available.
- Sep 27, 20269.57%▲ from 9.26%
- Sep 24, 20269.26%▲ from 8.96%
- Sep 15, 20268.96%first recorded
No additional details available.
- Sep 27, 20269.57%▲ from 9.26%
- Sep 24, 20269.26%first recorded
Lynwood VA Loan Rates
No additional details available.
Terms and Conditions
- Sep 27, 20267.47%▲ from 7.34%
- Sep 24, 20267.34%▲ from 7.22%
- Sep 18, 20267.22%▲ from 7.09%
- Sep 15, 20267.09%first recorded
VA Assumptions: Purchase price $200,000, Loan Amount $204,300, no down-payment, 680 credit score, Illinois primary residence only, single family home, fees may include 2.15% VA funding fee as required by VA, first-time use, regular military, 45-day rate lock.
- Oct 10, 20267.49%▼ from 7.50%
- Oct 1, 20267.50%▲ from 7.11%
- Sep 22, 20267.11%▲ from 7.09%
- Sep 18, 20267.09%▲ from 6.83%
No additional details available.
No additional details available.
- Oct 1, 20267.69%▲ from 7.56%
- Sep 27, 20267.56%▲ from 7.18%
- Sep 24, 20267.18%first recorded
No additional details available.
- Oct 7, 20267.92%▲ from 7.42%
- Sep 27, 20267.42%▲ from 7.16%
- Sep 24, 20267.16%▲ from 7.04%
- Sep 15, 20267.04%first recorded
No additional details available.
- Oct 7, 20267.92%▲ from 7.42%
- Sep 27, 20267.42%▲ from 7.16%
- Sep 24, 20267.16%▲ from 7.04%
- Sep 18, 20267.04%first recorded
No additional details available.
- Oct 7, 20267.92%▲ from 7.54%
- Oct 1, 20267.54%▲ from 7.42%
- Sep 27, 20267.42%▲ from 7.16%
- Sep 24, 20267.16%▲ from 7.04%
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Lynwood, IL Mortgage Rate Trends
Compare local Lynwood, IL mortgage rate quotes against the statewide average
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes, updated every evening.
Illinois 30-year fixed rates rose 0.002 points over the past 7 days to 7.517%.
Illinois 15-year fixed rates fell 0.029 points over the past 7 days to 6.987%.
Illinois Mortgage Rate Forecast, Next 12 Months
Where are Illinois mortgage rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. Not financial advice.
What Forecast Rates Mean for Lynwood, IL Home Buyers
Monthly principal & interest payment on Lynwood, IL median home of $218,000 (20% down, 30-year fixed, city-level Census ACS median)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (IL avg) | 7.517% | $1,221 | 17.2% | |
| 6-Month Forecast | 7.517% (7.17, 7.82%) | $1,221 | +$0/mo | 17.2% |
| 12-Month Forecast | 7.767% (7.42, 8.07%) | $1,251 | +$30/mo | 17.6% |
Income column = annual mortgage payment as % of Lynwood, IL median household income ($85,237). Above 30% is generally considered cost-burdened.
MonitorBankRates Housing Affordability Index (MBR-HAI)
A daily-updated affordability score for Lynwood, Illinois , computed from local Census Bureau data combined with current Illinois mortgage rates.
What This Score Means for Lynwood, Illinois Home Buyers
With a score of 104.3, Lynwood, Illinois is 7.3 points more affordable than the national average of 97.1. The area’s median home value of $218,000 against a median household income of $85,237 produces a price-to-income ratio of 2.6x , relatively affordable compared to national levels. At the current Illinois mortgage rate of 7.517%, a buyer purchasing the median-priced home with 20% down would carry a monthly payment of approximately $1,221 in principal and interest.
Beyond the mortgage payment, the median total monthly owner cost in this area is $1,684, covering mortgage, property taxes, insurance, and utilities. Property taxes alone average $635/month ($7,623/year). These ongoing costs factor directly into the MBR-HAI alongside the mortgage rate and income data.
Score computed from local U.S. Census Bureau ACS 5-Year Estimates (2024) and CPS/HVS Q4 2025 data, combined with the current Illinois live mortgage rate. Score of 100 = national average at 6.5% reference rate. Full methodology
How Mortgage Rates Impact Home Affordability in Lynwood, Illinois
Lynwood, Illinois Housing Market Overview
According to the U.S. Census Bureau, the median owner-occupied home value in Lynwood, Illinois is approximately $218,000. The 2026 FHFA conforming loan limit for this area is $832,750, meaning most buyers financing at 80% LTV will qualify for conforming loan pricing, making rate comparison across local lenders especially valuable.
Lynwood, Illinois Homeownership Rate
The homeownership rate in Lynwood, Illinois stands at 68.4%, near the national average of 65.7%. The homeowner vacancy rate of 0.5% signals a tight market with limited available inventory, making it critical to secure the best possible rate quickly when a suitable property becomes available.
Monthly Payment Estimates for Lynwood, Illinois Buyers
Even a small difference in your interest rate can add up to tens of thousands of dollars over the life of a loan. The table below shows monthly principal and interest payments on a $170,000 mortgage, based on a 20% down payment on the Lynwood, Illinois median home value.
| Interest Rate | Loan Term | Monthly Payment | Total Interest Paid |
|---|---|---|---|
| 7.017% | 30-year fixed | $1,133 | $237,864 |
| 7.517% Current Avg | 30-year fixed | $1,191 | $258,632 |
| 8.017% | 30-year fixed | $1,249 | $279,789 |
| 6.987% | 15-year fixed | $1,527 | $104,819 |
A 0.500% rate increase on a $170,000 loan adds roughly $59 per month and over $21,157 in total interest over a 30-year term. That’s why comparing verified, current rates from multiple lenders, using the rate table above, is one of the most impactful financial decisions a Lynwood, Illinois buyer can make.
Data sources: U.S. Census Bureau; Federal Housing Finance Agency (FHFA). Monthly payments shown are principal & interest only; taxes, insurance, and PMI not included.
Lynwood, Illinois Income & Housing Affordability
At a price-to-income ratio of 2.6x, Lynwood, Illinois is a relatively affordable housing market compared to national averages. That ratio, median home value divided by median household income, is a standard benchmark used by housing economists to gauge how accessible homeownership is relative to local earnings. The national baseline is approximately 3.8x.
What This Means for Lynwood, Illinois Buyers
With a median household income of $85,237 per year in Lynwood, Illinois ($7,103/month) and a median home value of approximately $218,000, a buyer financing at 80% LTV at the current average rate would commit roughly 16.8% of gross monthly income to principal and interest alone. that falls within a manageable range relative to income, though taxes, insurance, HOA fees, and PMI will add to the true monthly cost of ownership.
Compared to the Illinois statewide price-to-income ratio of 3.2x, Lynwood tracks closely with the broader Illinois market on income-adjusted affordability. In either case, even a 0.25% improvement in your mortgage rate meaningfully reduces both the income needed to qualify and the total cost over the loan term.
Data sources: U.S. Census Bureau. Monthly payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in Lynwood, Illinois
A mortgage payment is just the starting point. Property taxes, insurance, and utilities add hundreds of dollars per month to the true cost of owning a home in Lynwood, Illinois. Understanding the full picture before you buy is the difference between a home you can afford and one that stretches you thin.
Owner vs. Renter Costs
In Lynwood, Illinois, the median homeowner with a mortgage pays approximately $1,684/month in total housing costs, covering the mortgage payment, property taxes, insurance, and utilities. The median renter pays $1,368/month including utilities. The $316/month difference between owning and renting is relatively narrow, worth factoring carefully into a rent vs. buy analysis given that owners also build equity over time. Property taxes alone account for $635/month of the ownership cost, a figure that can vary dramatically by location and is often underestimated by first-time buyers.
Housing Cost Burden
The federal standard defines “cost burdened” as spending more than 30% of gross household income on housing. “Severely cost burdened” means spending 50% or more. Both thresholds leave little room for savings, emergencies, or other financial goals.
In Lynwood, Illinois, 30.1% of homeowners with mortgages are cost burdened and 38% of renters are cost burdened. Cost burden affects both groups at similar rates, reflecting a housing market where affordability pressures are broadly felt regardless of tenure. With an owner burden rate of 30.1% near the national average of 28.0%, this market reflects typical affordability conditions for mortgage holders.
Data sources: U.S. Census Bureau, American Community Survey 5-Year Estimates. Monthly owner costs include mortgage payment, taxes, insurance, and utilities. Property taxes reflect median annual taxes for mortgage holders. Rent reflects median gross rent including utilities. Cost burden figures reflect households spending 30%+ of gross income on housing.
Lynwood, Illinois Mortgage Payment Calculator
See your estimated monthly principal & interest payment at today’s Lynwood, Illinois rates. The home price is prefilled with the local median home value. Adjust anything, or click a current rate on the right to apply that loan type’s rate and term instantly.
Principal & interest only, excludes property taxes, homeowners insurance, PMI, and HOA dues. See the Full Cost of Homeownership section above for those figures. Estimates are for informational purposes only.
Run the Numbers on Your Lynwood, Illinois Home Loan
Rates are only part of the equation. Use these calculators to translate current Lynwood, Illinois mortgage rates and home loan rates into real numbers for your specific situation before you request quotes from mortgage lenders.
Enter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Lynwood, Illinois rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateIf you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateBuying isn’t always the better financial decision, and renting isn’t always throwing money away. This calculator weighs the full cost of each path: mortgage payments, taxes, insurance, and maintenance against rent increases and the opportunity cost of a down payment, to show which option builds more wealth over your intended time horizon in Lynwood, Illinois.
CalculateTypes of Mortgages Available in Lynwood, Illinois
Not every loan program is right for every buyer in Lynwood, Illinois. Rates, down payment requirements, eligibility rules, and long-term costs vary significantly across products, and the right choice depends on your credit profile, how long you plan to stay, and whether you qualify for any government-backed programs.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term. Your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially in markets where housing costs represent a large share of household income.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically but requires a higher monthly commitment. The payment comparison table above shows exactly how those trade-offs look at today’s Lynwood, Illinois rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period, commonly 5, 7, or 10 years, after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan, which reduces your monthly payment during the initial window.
ARMs work best when you have a defined exit timeline: if you plan to sell or refinance before the fixed period ends, you capture the lower rate without exposure to future adjustments. Rate caps govern how much the rate can move at each adjustment and in total, so read those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down, and some lenders will consider scores as low as 500 with a 10% down payment.
The cost of that lower barrier is mortgage insurance. FHA loans carry an upfront MIP of 1.75% of the loan amount (which can be rolled in) plus an annual MIP of 0.15% to 0.75% depending on your term and LTV. For buyers who would otherwise wait years to save a larger down payment, given ongoing home price trends in Lynwood, Illinois, FHA is often the faster path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses, VA loans are among the most favorable mortgage programs available anywhere. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with, and often better than, conventional loan rates.
A one-time funding fee applies, 2.15% of the loan for first-time VA borrowers with no down payment, which can be financed into the loan. In Lynwood, Illinois, where home prices require substantial savings for a conventional down payment, the zero-down VA benefit is an enormous advantage for those who qualify.
Jumbo Loan
The 2026 FHFA conforming loan limit for Lynwood, Illinois is $832,750. Mortgages above that amount are classified as jumbo loans and are not eligible for purchase by Fannie Mae or Freddie Mac, which means lenders carry the full risk and price that risk accordingly.
Jumbo underwriting is stricter: lenders typically require a credit score of 700 or higher, substantial cash reserves, thorough income documentation, and a down payment of at least 10 to 20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Lynwood, Illinois mortgage rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for Lynwood, Illinois directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Lynwood, Illinois. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in IL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Works in Lynwood, Illinois
A mortgage is a loan used to buy a home in Lynwood, Illinois, secured by the property itself as collateral. The borrower repays the amount over a set term, most commonly 30 or 15 years, in monthly installments that cover both principal and interest. Because the loan is secured, the lender can foreclose on the home if payments are not made, which is part of why mortgage rates are lower than rates on unsecured debt.
Fixed-Rate vs. Adjustable-Rate Mortgages for Lynwood, Illinois Buyers
A fixed-rate mortgage keeps the same interest rate for the entire term, so a Lynwood, Illinois homeowner’s principal-and-interest payment never changes. For example, Actors Federal Credit Union is listing a 30 Year Fixed-Rate Mortgage at 5.79%. An adjustable-rate mortgage (ARM) starts with a fixed period, often five, seven, or ten years, and then adjusts periodically based on a market index. ARMs usually open with a lower rate, but the payment can rise once the fixed period ends, so they tend to suit Lynwood, Illinois borrowers who expect to move or refinance before that point. On the adjustable-rate side, Actors Federal Credit Union is listing a Adjustable Rate Mortgages (ARMs) - 5/1 ARM at 4.50%.
How Lynwood, Illinois Mortgage Rates Are Set
Mortgage rates move with the broader bond market, particularly the yield on the 10-year Treasury, plus a spread that reflects lender costs and risk. On top of that national baseline, the rate a Illinois borrower is offered depends on individual factors: credit score, down payment size, loan amount, loan type, and the property itself. This is why the advertised rates above are a starting point, and a borrower’s final rate is set once an application is underwritten.
Points and Closing Costs in Lynwood, Illinois
The interest rate is not the only cost of buying a home in Lynwood, Illinois. Discount points are an optional upfront fee (one point equals one percent of the loan amount) paid to lower the rate over the life of the loan. Closing costs cover items such as origination fees, appraisal, title insurance, and recording, and typically run two to five percent of the loan. Comparing the annual percentage rate (APR) alongside the note rate helps Lynwood, Illinois shoppers account for these costs when weighing lenders.
When Lynwood, Illinois Homeowners Should Consider Refinancing
Refinancing replaces an existing mortgage with a new one, usually to secure a lower rate, change the term, or tap home equity. For Lynwood, Illinois homeowners, the general guideline is that refinancing makes sense when the savings from a lower rate recoup the closing costs within the time the borrower plans to stay in the home, known as the break-even point. Borrowers also refinance to switch from an adjustable rate to a fixed rate, or to remove mortgage insurance once enough equity has built up. Current Lynwood, Illinois refinance rates from local lenders are listed on our refinance page.
Frequently Asked Questions about Mortgage Rates in Lynwood, Illinois
What are home loan rates in Lynwood, IL today?
How does my credit score affect my rate in Illinois?
What is a 30-Year Fixed Mortgage?
What are closing costs in Illinois?
Should I lock my mortgage rate?
What is an Adjustable-Rate Mortgage (ARM)?
What is a Jumbo Loan in Lynwood, Illinois?
Do I need 20% down to buy a house in Illinois?
What is the difference between Interest Rate and APR?
How do I compare mortgage lenders in Lynwood, Illinois?
How do I get mortgage quotes in Lynwood, Illinois?
What is the median home value in Lynwood, Illinois?
What is the homeownership rate in Lynwood, Illinois?
What is the conforming loan limit in Lynwood, Illinois?
What is the median monthly cost of homeownership in Lynwood, Illinois?
What are the median property taxes in Lynwood, Illinois?
What is the median rent in Lynwood, Illinois?
What percentage of homeowners are cost burdened in Lynwood, Illinois?
What percentage of renters are cost burdened in Lynwood, Illinois?
What are the best Mortgage rates in Lynwood, Illinois?
- Actors Federal Credit Union: 5.79% (30 Year Fixed-Rate Mortgage)
- PNB of Kewanee: 5.96% (30 Year Fixed Mortgages)
- GenFed Financial Credit Union: 6.24% (30 Year Mortgage (Fixed))
- Central Credit Union of Illinois: 5.99% (30-Year Fixed-Rate Mortgages)
- Vantage Credit Union: 6.75% (30-Yr. Fixed - Member Advantage)
Lynwood, Illinois Rates & Resources
