--- title: Lenders in Springfield, IL: 29 Made Multifamily Loans in 2024-25 url: https://lender.report/lenders-in/springfield-il/ license: https://lender.report/license/ --- Metro area ยท IL # Lenders in Springfield, IL 29 lenders made 122 multifamily loans in the Springfield, IL metro area in 2024 and 2025, $88.4M in all. INB, National Association made the most, with 20. The typical loan was about $340K. **Evidence** Multifamily loans placed in the metro area, HMDA **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 29 HMDA, 2025 **Multifamily loans, 2024-25** 122 HMDA, 2025 Manufactured-home parks excluded **Dollars** $88.4M HMDA, 2025 **Typical loan** $340K HMDA, 2025 Cite this Source: The Lender Report, Lenders in Springfield, IL, https://lender.report/lenders-in/springfield-il/, data as of December 31, 2025. ## Describe a deal in Springfield, IL This page lists who has made multifamily loans here. Loan Comps shows who has made a loan like yours, with the loans to prove it. [Start with a deal in Springfield, IL](https://lender.report/comps/?lane=multifamily&metro=44100)[A lender in Springfield, IL? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | | --- | --- | --- | --- | --- | --- | --- | | [INB, National Association](https://lender.report/lender/inb-il/) [multifamily record](https://lender.report/lender/inb-il/multifamily/) | Bank | Springfield, IL | 20 | $4.41M | 14 | 6 | | [West Central Bank](https://lender.report/lender/west-central-bank-il/) [multifamily record](https://lender.report/lender/west-central-bank-il/multifamily/) | Bank | Ashland, IL | 15 | $8.34M | 5 | 10 | | [Carrollton Bank](https://lender.report/lender/carrollton-bank-il/) [multifamily record](https://lender.report/lender/carrollton-bank-il/multifamily/) | Bank | Carrollton, IL | 11 | $9.02M | 8 | 3 | | [Bank of Springfield](https://lender.report/lender/bank-of-springfield-il/) [multifamily record](https://lender.report/lender/bank-of-springfield-il/multifamily/) | Bank | Springfield, IL | 9 | $3.44M | 7 | 2 | | [Prairie State Bank and Trust](https://lender.report/lender/prairie-state-bank-and-trust-il/) [multifamily record](https://lender.report/lender/prairie-state-bank-and-trust-il/multifamily/) | Bank | Springfield, IL | 7 | $2.76M | 4 | 3 | | [Alliance Community Bank](https://lender.report/lender/alliance-community-bank-il/) [multifamily record](https://lender.report/lender/alliance-community-bank-il/multifamily/) | Bank | Petersburg, IL | 7 | $2.48M | 5 | 2 | | [Warren-Boynton State Bank](https://lender.report/lender/warren-boynton-state-bank-il/) [multifamily record](https://lender.report/lender/warren-boynton-state-bank-il/multifamily/) | Bank | New Berlin, IL | 7 | $2.32M | 0 | 7 | | [United Community Bank](https://lender.report/lender/united-community-bank-il/) [multifamily record](https://lender.report/lender/united-community-bank-il/multifamily/) | Bank | Chatham, IL | 5 | $4.82M | 2 | 3 | | [Bank & Trust Company](https://lender.report/lender/bank-and-trust-il/) [multifamily record](https://lender.report/lender/bank-and-trust-il/multifamily/) | Bank | Litchfield, IL | 5 | $1.90M | 4 | 1 | | [First Bankers Trust Company, National Association](https://lender.report/lender/first-bankers-trust-il/) [multifamily record](https://lender.report/lender/first-bankers-trust-il/multifamily/) | Bank | Quincy, IL | 4 | $2.25M | 2 | 2 | | [Citizens Equity First Credit Union](https://lender.report/lender/citizens-equity-first-credit-union-il/) [multifamily record](https://lender.report/lender/citizens-equity-first-credit-union-il/multifamily/) | Credit union | Peoria, IL | 4 | $2.00M | 3 | 1 | | [Morton Community Bank](https://lender.report/lender/morton-community-bank-il/) [multifamily record](https://lender.report/lender/morton-community-bank-il/multifamily/) | Bank | Morton, IL | 4 | $1.58M | 2 | 2 | | [Velocity Commercial Capital LLC](https://lender.report/lender/velocity-commercial-capital-ca/) [multifamily record](https://lender.report/lender/velocity-commercial-capital-ca/multifamily/) | Non-bank | Westlake Village, CA | 3 | $1.30M | 3 | 0 | | [Heartland Bank and Trust Company](https://lender.report/lender/heartland-bank-and-trust-il/) [multifamily record](https://lender.report/lender/heartland-bank-and-trust-il/multifamily/) | Bank | Bloomington, IL | 3 | $600K | 3 | 0 | | [Constitution Bank, National Association](https://lender.report/lender/constitution-bank-il/) [multifamily record](https://lender.report/lender/constitution-bank-il/multifamily/) | Bank | Hillsboro, IL | 2 | $1.20M | 0 | 2 | HMDA, 2025 [All 29 lenders in Springfield, IL, by loan size](https://lender.report/multifamily-lenders/springfield-il/) | County | Loans | Dollars | Lenders | | --- | --- | --- | --- | | [Sangamon County, IL](https://lender.report/lenders-in/illinois/sangamon-county/) | 121 | $87.0M | 29 | HMDA, 2025 A county is listed for a year only when the public file holds 5 or more multifamily loans there that year. | Loan size | Loans | | --- | --- | | Under $1M | 107 | | $1M to $2.5M | 8 | | $2.5M to $5M | 5 | | $5M to $10M | 2 | | $10M or more | 0 | HMDA, 2025 - Lenders made 122 multifamily loans totaling $88.4M in Springfield, IL in 2024 and 2025. HMDA, 2025 - 72 of the loans were made in 2025 and 50 in 2024. HMDA, 2025 - The typical loan in Springfield, IL was about $340K, with the middle half between $240K and $640K. HMDA, 2025 - 107 of the loans were under $1M, and 2 were $5M or more. HMDA, 2025 - Lenders reported a median rate of 6.99% on 82 loans in Springfield, IL, with the middle half between 6.75% and 7.50%. HMDA, 2025 - The median term was 5 years. HMDA, 2025 - The median loan to value was 71%. HMDA, 2025 - 43% of the loans were refinancings and 53% were purchases. HMDA, 2025 - Banks and savings institutions made 109 of the loans, credit unions 4, and non-banks 9. HMDA, 2025 - The five most active lenders made 50.8% of the loans. HMDA, 2025 - The three most active lenders were INB, National Association with 20, West Central Bank with 15, and Carrollton Bank with 11. HMDA, 2025 - 22 of the 29 lenders are based in Illinois. The rest are based elsewhere, most often in California, Indiana and Maryland. HMDA, 2025 - The most common property size was 5 to 24 units, with 106 loans. HMDA, 2025 - 1 county in the metro area has loans on record, and Sangamon County, IL has the most, with 121. HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in the Springfield, IL metro area **Period** 2024 and 2025 **Formula** Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the metro area, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans there. **Order** Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order. **As of** 2025 **Source** [HMDA](https://ffiec.cfpb.gov/data-browser/) **Changelog** November 12, 2026: First published, with the data built on this date. ## What we don't know - Whether any of these lenders is taking new loans today. - What they charge or require beyond the rate and term that HMDA reports. - Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only. A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count. HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date. Lenders that merged or stopped filing are left out. Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. [Report a problem](https://lender.report/report/) Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.