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FHA Refinance Rates in Illinois

Updated: December 03, 2020

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Displaying rates for Mortgage Refinance in IL for $200,000

2.663%

APR
30 Year Fixed
2.625% Rate $804/mo
  • Updated December 03, 2020
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
PRODUCTS RATES +/-
30 Year Fixed 3.00%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Thursday, December 03, 2020

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Mortgage rates for Illinois go down to 3.00%

Thursday, December 3, 2020

Mortgage rates for Illinois on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Illinois is now at 4.56%.

FHA Refinance Rates in Illinois

FHA Refinancing is a refinance transaction involving funds insured by the Federal Housing Administration. When refinancing a home in &STATE&, FHA refinancing can be a quite favorable option and is available to homeowners with conventional mortgages as well as those FHA-insured mortgages. For the latter, the FHA offers the option of FHA streamline refinancing, which conveniently requires no appraisal or verification of income, employment, or credit score.

As with FHA loans, FHA refinancing, whether streamline or standard, provides homeowners with access to some of the lowest accessible mortgage rates, however, comparing rates between lenders in Illinois is always recommended and can save you thousands of dollars in the long run. Check out our main page on FHA refinance rates for more information.

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