What are current conventional rates in St. Clair County?

Today's conventional rates in St. Clair County start at 7.074% for qualified borrowers. Rates are updated daily using live investor pricing data from Safe Rate's pricing engine.

Conventional Mortgage Rates — who qualifies in St. Clair County?

Conventional loans offer competitive rates for buyers with good credit and 3–20% down payment. No upfront MIP.

What are current mortgage rates in St. Clair County?

As of today, a standard conventional rate in St. Clair County is 7.074% (APR 7.103%) 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 St. Clair County?

The average home value in St. Clair County is $225,945, with +17.7% appreciation over the past two years. At a 2.7x price-to-income ratio, affordability remains reasonable compared to many U.S. markets.

What is the typical monthly mortgage payment in St. Clair County?

Based on the average home value with a standard conventional loan, the estimated principal and interest payment is $1,307/mo. Total PITI costs will also include property taxes ($3,783/yr locally), homeowners insurance (est. $83/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 St. Clair County, IL

7.074%APR 7.103% · $1,307/mo (20% Down)

Updated daily · May 22, 2026+0.199% (14d)

Safe Rate Mortgage20% Down Conv.

← Back to St. Clair County Hub

14-Day Rate Trend

↑ +0.199%

LO 6.843%HI 7.074%TODAY 7.074%

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Conventional Loan Details for St. Clair County

Fannie Mae / Freddie Mac guidelines · 2025 conforming limits

✅

Conventional eligible · Est. 20%-down loan of $180,756 is within the $806,500 conforming limit

2025 conforming loan limit: $806,500 · High-balance areas: up to $1,209,750

Min. Down Payment

HomeReady / Home Possible

Min. Credit Score

620

740+ for best pricing

PMI at 5% Down

$152/mo

≈0.85%/yr · drops at 80% LTV

PMI at 10% Down

$127/mo

≈0.75%/yr · drops at 80% LTV

Rate Comparison

20% Down (no PMI)7.074% / $1,307/mo P&I

5% Down +PMI7.321% / $1,743/mo total

• PMI automatically cancels at 80% LTV (Homeowners Protection Act) — no refinance required
• No upfront MIP (unlike FHA) — lower closing costs
• Automated underwriting via Fannie Mae DU or Freddie Mac LP — faster approvals
• Max DTI: typically 45–50% depending on compensating factors and AUS approval

Product	Key Attributes	Rate / APR ↑	Mo. Payment ↕	Points
20% Down Conv. Conventional purchase, 20% down	20% Down740 FICO30-yr	7.074% 7.103% APR	$1,307 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 6.843% Highest 7.074% Today 7.074%
15-Year Purchase 15-year fixed purchase	20% Down740 FICO15-yr	6.257% 6.299% APR	$1,673 Principal & Interest	$0 Points
Jumbo Jumbo loan above conforming limits	20% Down760 FICO30-yr	6.875% 6.985% APR	$5,536 Principal & Interest	$0 Points
Condo 10% Down Condo purchase, 10% down +$132/mo MI	10% Down720 FICO30-yr	7.348% 7.512% APR	$1,209 Principal & Interest	$0 Points

Safe Rate Mortgage Pricing for St. Clair County

Median Home Value

$225,945

2-Yr Appreciation

17.7%

increase

Median Income

$82,308

household

Price-to-Income

2.7x

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 17163

Average Home Value: $225,945
Average Rent: $1,162/mo
Average Income: $82,308
Property Tax: $3,783/yr
Avg Loan: $198,180
Avg LTV: 81.3%

Estimated Insurance

Homeowners Insurance

HO-3 policy · covers dwelling, property & liability

$83/mo

Flood Insurance$40/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.