Mortgage Rates in Romeoville, Illinois — March 2026
Updated March 2026 | Based on Romeoville market data and regional lending conditions
Romeoville is a growing city in Illinois with a population of 39,680. The current 30-year fixed mortgage rate in Romeoville is 6.82%, which is 0.17% above the national average. With a median home price of $227,000 and a 20% down payment of $45,400, homebuyers can expect a monthly principal and interest payment of approximately $1,186.
Current Mortgage Rates in Romeoville, IL
Below are the current average mortgage rates available in the Romeoville 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 | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Romeoville Housing Market Overview
The Romeoville housing market offers relatively affordable housing compared to many major cities. The median household income in Romeoville is $59,900, and the cost of living index is 89.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $67,843 to comfortably afford the median-priced home in Romeoville, which exceeds the current median household income.
Monthly Payment Breakdown for Romeoville
Based on the median home price of $227,000 with 20% down ($45,400), here is what you can expect to pay monthly in Romeoville:
15-Year vs. 30-Year Mortgage in Romeoville
Choosing a 15-year mortgage in Romeoville at 6.05% instead of a 30-year at 6.82% would save you $150,300 in total interest over the life of the loan. However, your monthly payment would be $1,537 instead of $1,186 — an increase of $351 per month.
Calculate Your Romeoville 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 Romeoville
What are the current mortgage rates in Romeoville, IL?
As of March 2026, the average 30-year fixed mortgage rate in Romeoville, Illinois is 6.82%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Romeoville?
Based on the median home price of $227,000 with 20% down, the estimated monthly mortgage payment in Romeoville is $1,186 for principal and interest. Including property taxes of $397/month, the total monthly housing cost is approximately $1,583.
What income do I need to buy a home in Romeoville?
Using the 28% rule, you would need an annual income of approximately $67,843 to afford the median-priced home in Romeoville at $227,000. The median household income in Romeoville is $59,900. This means most households would need to either earn above the median or consider homes below $227,000.
Is Romeoville a good place to buy a home in 2026?
Romeoville offers a below-average cost of living with a cost of living index of 89.1 (national average = 100). The property tax rate in Illinois is 2.1%, which is above the national average. Romeoville has a population of 39,680 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 Romeoville, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.