What are current mortgage rates in Edwards County?

Today's leading conventional mortgage rate in Edwards County is 7.625%. Rates are updated daily using live investor pricing data.

What is the median home value in Edwards County?

The median home value in Edwards County is $144,255.

What types of mortgages are available in Edwards County?

Buyers in Edwards County can access FHA loans (3.5% down), VA loans (0% down for veterans), Conventional loans (3-20% down), and Jumbo loans for higher-priced properties. Safe Rate shows current rates for all programs.

What are current mortgage rates in Edwards County?

As of today, a standard conventional rate in Edwards County is 7.625% (APR 7.764%) for a 30-year fixed loan. This assumes a 20% down payment and a 740+ credit score. Rates are updated daily using Safe Rate's live pricing engine.

How much does a home cost in Edwards County?

The average home value in Edwards County is $144,255, with +35.4% appreciation over the past two years. At a 2.4x price-to-income ratio, affordability remains reasonable compared to many U.S. markets.

What is the typical monthly mortgage payment in Edwards County?

Based on the average home value with a standard conventional loan, the estimated principal and interest payment is $521/mo. Total PITI costs will also include property taxes ($1,471/yr locally), homeowners insurance (est. $62/mo), and any applicable mortgage insurance.

How do I qualify for a mortgage?

Conventional loans typically require a 620+ credit score and 3–20% down. With 20% down you avoid PMI. FHA loans are available with as little as 3.5% down and a 580+ credit score. VA loans offer 0% down for eligible veterans. Requirements vary by loan program. Contact a licensed loan officer for guidance specific to your situation.

How are these mortgage rates calculated?

Safe Rate Mortgage (NMLS #1590949) updates these rates daily using live investor rate sheets. Your actual rate may vary based on credit score, down payment, and property type.

Safe Rate Local

Mortgage Rates in Edwards County, IL

7.625%APR 7.764% · $521/mo (20% Down)

Updated daily · May 22, 20260.000% (14d)

Safe Rate Mortgage20% Down Conv.

← Back to Edwards County Hub

14-Day Rate Trend

↓ 0.000%

LO 7.625%HI 7.625%TODAY 7.625%

Browse by Loan Program

See today's rates filtered to your situation — updated daily.

💵

Conventional Rates7.625%

3–20% down · 620+ credit · no upfront MIP

🏛️

FHA Rates

3.5% down · 580+ credit · gov't-backed

🎖️

VA Rates

0% down · no PMI · veterans & active duty

🏰

Jumbo Rates6.875%

Above conforming limits · 740+ credit

🏠

First-Time Buyer

FHA, HomeReady & low-down-payment options

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Refinance Rates7.625%

Rate/term, cash-out, FHA Streamline, VA IRRRL

Product	Key Attributes	Rate / APR ↑	Mo. Payment ↕	Points
20% Down Conv. Conventional purchase, 20% down	20% Down740 FICO30-yr	7.625% 7.764% APR	$521 Principal & Interest	$0 Points
Customize It Save Rate Why choose this product? Understanding the pros and cons of the 20% Down Conv.. Motivation Avoid mortgage insurance entirely. Strengths Lowest monthly payment, no PMI, and often the best pricing tier. Limitations Requires a substantial amount of cash upfront for the down payment. 14-Day Rate Trend Lowest 7.625% Highest 7.625% Today 7.625%
Jumbo Jumbo loan above conforming limits	20% Down760 FICO30-yr	6.875% 6.985% APR	$5,536 Principal & Interest	$0 Points
HomeReady Fannie Mae HomeReady, low-income buyers +$52/mo MI	3% Down660 FICO30-yr	6.976% 7.363% APR	$592 Principal & Interest	$0 Points
15-Year Refi 15-year fixed refinance	0% Down740 FICO15-yr	7.008% 7.097% APR	$688 Principal & Interest	$0 Points
15-Year Purchase 15-year fixed purchase	20% Down740 FICO15-yr	7.125% 7.311% APR	$667 Principal & Interest	$0 Points
House Hacking Multi-unit owner-occupied purchase +$58/mo MI	5% Down680 FICO30-yr	7.357% 7.615% APR	$603 Principal & Interest	$0 Points
5% Down Conv. Conventional, avg credit, 5% down +$58/mo MI	5% Down700 FICO30-yr	7.381% 7.881% APR	$604 Principal & Interest	$0 Points
10% Down Conv. Conventional purchase, 10% down +$55/mo MI	10% Down720 FICO30-yr	7.445% 7.625% APR	$576 Principal & Interest	$0 Points
Cash-Out Refi Conventional cash-out refinance	0% Down740 FICO30-yr	7.625% 7.924% APR	$521 Principal & Interest	$0 Points
Condo 10% Down Condo purchase, 10% down +$50/mo MI	10% Down720 FICO30-yr	7.625% 8.029% APR	$469 Principal & Interest	$0 Points
Investment Property Non-owner occupied rental	25% Down740 FICO30-yr	7.625% 8.069% APR	$488 Principal & Interest	$0 Points
Second Home Vacation or second home purchase	10% Down720 FICO30-yr	7.625% 8.101% APR	$586 Principal & Interest	$0 Points
Rate/Term Refi Conventional rate/term refinance	0% Down740 FICO30-yr	7.625% 7.762% APR	$542 Principal & Interest	$0 Points

Safe Rate Mortgage Pricing for Edwards County

Median Home Value

$144,255

2-Yr Appreciation

35.4%

increase

Median Income

$61,327

household

Price-to-Income

2.4x

within reach

Rates updated daily by Safe Rate Mortgage (NMLS #1590949). Your actual rate depends on credit score, down payment, and property details.

Frequently Asked Questions

Market Snapshot

FIPS 17047

Average Home Value: $144,255
Average Rent: $753/mo
Average Income: $61,327
Property Tax: $1,471/yr
Avg Loan: $76,538
Avg LTV: 83.2%

Estimated Insurance

Homeowners Insurance

HO-3 policy · covers dwelling, property & liability

$62/mo

Flood Insurance$18/mo

Risk TierHigh

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Safe Rate Mortgage. NMLS #1590949. Rates shown are representative estimates. Illinois Residential Mortgage Licensee. Loans subject to credit and property approval. Rates and terms are subject to change without notice.