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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