Mortgage Rates in Moline, Illinois — March 2026
Updated March 2026 | Based on Moline market data and regional lending conditions
Moline is a growing city in Illinois with a population of 41,836. The current 30-year fixed mortgage rate in Moline is 6.79%, which is 0.14% above the national average. With a median home price of $260,000 and a 20% down payment of $52,000, homebuyers can expect a monthly principal and interest payment of approximately $1,355.
Current Mortgage Rates in Moline, IL
Below are the current average mortgage rates available in the Moline area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Moline Housing Market Overview
The Moline housing market offers relatively affordable housing compared to many major cities. The median household income in Moline is $57,500, and the cost of living index is 87.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $77,014 to comfortably afford the median-priced home in Moline, which exceeds the current median household income.
Monthly Payment Breakdown for Moline
Based on the median home price of $260,000 with 20% down ($52,000), here is what you can expect to pay monthly in Moline:
15-Year vs. 30-Year Mortgage in Moline
Choosing a 15-year mortgage in Moline at 6.02% instead of a 30-year at 6.79% would save you $171,540 in total interest over the life of the loan. However, your monthly payment would be $1,757 instead of $1,355 — an increase of $402 per month.
Calculate Your Moline Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Moline
What are the current mortgage rates in Moline, IL?
As of March 2026, the average 30-year fixed mortgage rate in Moline, Illinois is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Moline?
Based on the median home price of $260,000 with 20% down, the estimated monthly mortgage payment in Moline is $1,355 for principal and interest. Including property taxes of $442/month, the total monthly housing cost is approximately $1,797.
What income do I need to buy a home in Moline?
Using the 28% rule, you would need an annual income of approximately $77,014 to afford the median-priced home in Moline at $260,000. The median household income in Moline is $57,500. This means most households would need to either earn above the median or consider homes below $260,000.
Is Moline a good place to buy a home in 2026?
Moline offers a below-average cost of living with a cost of living index of 87.5 (national average = 100). The property tax rate in Illinois is 2.04%, which is above the national average. Moline has a population of 41,836 and offers a very affordable lifestyle.
Mortgage Rates in Other Illinois Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Moline, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.