Wednesday, January 27, 2016

Tazewell County on Best Places to Get A Mortgage List

SmartAsset, a New York financial technology company, recently released their second annual study on the Best Places to Get a Mortgage. The study determines the top markets by comparing the likelihood of mortgage approval by county, in addition to mortgage rates, average five-year borrowing costs, and property taxes. Tazewell County cracked the list at number 7 in Illinois, up from 28 in 2015.

Check out the table below to see how Tazewell County compares to the leaders in Illinois:

Rank
County
Loan Funding Rate
5 Year Borrowing Costs
Property Tax
Annual Mortgage Payment
Best Mortgage Markets Index
1
Wabash, IL
62.50%
$76,807
$20,605
$14,436
43.04
2
Menard, IL
77.24%
$77,323
$24,653
$14,539
37.01
3
Scott, IL
68.57%
$77,323
$18,758
$14,539
36.30
4
Richland, IL
68.37%
$77,323
$19,146
$14,539
35.91
5
Stark, IL
75.25%
$77,323
$25,042
$14,539
35.62
6
Fayette, IL
69.09%
$77,323
$20,447
$14,539
35.39
7
Tazewell, IL
75.72%
$77,323
$25,893
$14,539
35.28
8
Sangamon, IL
75.28%
$77,323
$25,653
$14,539
35.20
9
Adams, IL
69.38%
$77,323
$21,916
$14,539
34.52
10
Pike, IL
68.12%
$77,323
$21,457
$14,539
34.13

This free study is distributed annually to community leaders in the ranking areas.

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