Select your Scenario
Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
See Safe Rate's top scoring lenders for Abingdon-Avon Community Unit School District 276
We rank active Abingdon-Avon Community Unit School District 276 lenders across our 4 P's of mortgage shopping. No pay to play — independent rankings.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 7.625%APR 7.721% | 0 pts$0 | $701/moP&I $701 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.936%APR 6.686% | 0 pts$0 | $646/moP&I $600 · MI $46 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 7.125%APR 7.240% | 0 pts$0 | $667/moP&I $667 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.625%APR 7.769% | 0 pts$0 | $701/moP&I $701 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 8.020% | 0 pts$0 | $701/moP&I $701 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 7.125% | 7.240% | 0 pts ($0) | $897/mo | $19,934 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.901% | 6.977% | 0 pts ($0) | $1,106/mo | $26,522 |
Condo 10% Down | 10% | 720 credit score | 7.625% | 7.978% | 0 pts ($0) | $789/mo | $27,984 |
Conventional 10% Down | 10% | 720 credit score | 7.425% | 7.583% | 0 pts ($0) | $773/mo | $27,311 |
Conventional 20% Down | 20% | 740 credit score | 7.625% | 7.721% | 0 pts ($0) | $701/mo | $22,349 |
Conventional 5% Down | 5% | 700 credit score | 7.403% | 7.881% | 0 pts ($0) | $815/mo | $28,751 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.625% | 7.879% | 0 pts ($0) | $876/mo | $30,350 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $733/mo | $24,825 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.880% | 7.244% | 0 pts ($0) | $789/mo | $28,543 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.625% | 7.769% | 0 pts ($0) | $876/mo | $30,350 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,022/mo | $24,359 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $724/mo | $25,342 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $750/mo | $26,261 |
FHA Streamline Refi | 0% | 640 credit score | 5.936% | 6.686% | 0 pts ($0) | $750/mo | $26,261 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.375% | 7.612% | 0 pts ($0) | $812/mo | $29,710 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $775/mo | $15,166 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 8.020% | 0 pts ($0) | $657/mo | $20,952 |
Jumbo Conforming | 20% | 760 credit score | 7.000% | 7.024% | 0 pts ($0) | $659/mo | $20,481 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $720/mo | $22,074 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 5.936% | 6.686% | 0 pts ($0) | $724/mo | $25,342 |
Second Home 10% Down | 10% | 720 credit score | 7.625% | 8.065% | 0 pts ($0) | $789/mo | $27,984 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $651/mo | $20,135 |
VA 0% Down | 0% | 700 credit score | 6.567% | 6.809% | 0 pts ($0) | $805/mo | $27,164 |
VA Cash-Out Refi | 0% | 640 credit score | 6.067% | 6.143% | 0 pts ($0) | $764/mo | $25,262 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.067% | 6.143% | 0 pts ($0) | $764/mo | $25,262 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $681/mo | $21,554 |
Frequently Asked Questions
What are today's mortgage rates in Abingdon-Avon Community Unit School District 276, IL across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Abingdon-Avon Community Unit School District 276, IL is 7.625% (with an estimated monthly payment of $578). Active program rates also include FHA 30-year fixed loans at a competitive rate and VA 0%-down fixed loans at 6.567%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Abingdon-Avon Community Unit School District 276, IL?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Abingdon-Avon Community Unit School District 276, IL have fluctuated between a low of 7.500% and a high of 7.625%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Abingdon-Avon Community Unit School District 276, IL?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $123,812 in Abingdon-Avon Community Unit School District 276, IL, a standard 20%-down Conventional loan requires an upfront cash down payment of $24,762 but keeps your monthly payment lower at $578/mo (at 7.625% interest) with no monthly PMI. In comparison, an FHA loan requires only $4,333 (3.5% down) but has an estimated payment of —/mo (at — interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $119,479 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Abingdon-Avon Community Unit School District 276 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Abingdon-Avon Community Unit School District 276 is $806,501. With a typical local home value of $123,812 in , a standard 20%-down mortgage requires a loan size of $99,050. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Abingdon-Avon Community Unit School District 276, IL impact estimated mortgage payments?
The median home value in Abingdon-Avon Community Unit School District 276, IL is estimated at $123,812. Buying a typical home here with a standard 20% down payment ($24,762) translates to an estimated starting monthly mortgage payment of $578 (principal and interest). Compared to the local area median household income of $65,366 ($5,447/mo), this basic housing payment represents approximately 10.6% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.