Mortgage Rates in Roscoe, Illinois — March 2026
Updated March 2026 | Based on Roscoe market data and regional lending conditions
Roscoe is a smaller Illinois community of 32,875 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.68% (0.03% above the national average). At a median home price of $200,000, the estimated $1,422/month payment (with 20% down) is affordable on the local median income of $68,500.
Current Mortgage Rates in Roscoe, IL
Below are the current average mortgage rates available in the Roscoe 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Roscoe Housing Market Overview
At $200,000, Roscoe offers more affordable housing than most U.S. metros. The local cost of living index is 87.6 (100 = national average), and the median household income of $68,500 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Roscoe
Based on the median home price of $200,000 with 20% down ($40,000), here is what you can expect to pay monthly in Roscoe:
15-Year vs. 30-Year Mortgage in Roscoe
Choosing a 15-year mortgage in Roscoe at 5.93% instead of a 30-year at 6.68% would save you $128,880 in total interest over the life of the loan. However, your monthly payment would be $1,344 instead of $1,030 — an increase of $314 per month.
Calculate Your Roscoe 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 Roscoe
What are the current mortgage rates in Roscoe, IL?
As of March 2026, the average 30-year fixed mortgage rate in Roscoe, Illinois is 6.68%, while the 15-year fixed rate is 5.93%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Roscoe?
Based on the median home price of $200,000 with 20% down, the estimated monthly mortgage payment in Roscoe is $1,030 for principal and interest. Including property taxes of $392/month, the total monthly housing cost is approximately $1,422.
What income do I need to buy a home in Roscoe?
Using the 28% rule, you would need an annual income of approximately $60,943 to afford the median-priced home in Roscoe at $200,000. The median household income in Roscoe is $68,500. The median income is currently sufficient to meet this threshold.
Is Roscoe a good place to buy a home in 2026?
Roscoe offers a below-average cost of living with a cost of living index of 87.6 (national average = 100). The property tax rate in Illinois is 2.35%, which is above the national average. Roscoe has a population of 32,875 and offers a very affordable lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Roscoe, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.