Home Values in McHenry County

*From 2022 public Census data

Interesting Mortgage Facts in McHenry County

• The average loan amount in McHenry County was $213,926 whereas the median loan amount was $205,000
• 10% percent of all loans in McHenry County were used for "cash out refinancing" (677 out of 6590 total loans were cash-out refi loans)
• 12% percent of all mortgages in McHenry County were FHA loans (801 out of 6590 total loans were FHA loans)
• 4% percent of all mortgages in McHenry County were VA (Veterans Affairs) loans (287 out of 6590 total loans were VA loans)
• 6.12% percent of the population in McHenry County were veterans (14830 out of 242466 people were US military veterans)
• The biggest residential mortgage loan funded in McHenry County was $2,505,000!
• The average interest rate in McHenry County was 6.78% (30-year mortgages of $200,000 or more)
• The lowest interest rate given to a borrower on a 30-year mortgage of $200,000 or more was 3.875%
• The highest interest rate given to a borrower on a 30-year mortgage of $200,000 or more was 11.240%
• The average rate spread in McHenry County was 0.406% (30-year mortgages of $200,000 or more)
• The 35-44 age bracket made up the largest group of borrowers at 26% of all loans in McHenry County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA) and from 2022 public Census data

Conforming Loan Limits - McHenry County, IL

The Conforming Loan Limits for McHenry County, Illinois are shown below.

FHA Loan Limits - McHenry County, IL (for 2025)

The 2025 FHA loan limits for McHenry County, Illinois are described below.

Home Possible® Freddie Mac Loan Limits - McHenry County, IL

Eligibility for Freddie Mac's Home Possible® mortgage loan requires that your income is $87,520 or less if you are buying a home in McHenry County, Illinois.

Homebuyers that earn 80% or less than the median income for their area (AMI - Area Median Income) generally are eligible for the Home Possible loan. Also, Freddie Mac has a special down payment assistance program that runs until February 28, 2025 for people that earn 50% or less than the median income. This is considered "very low income" by Freddie Mac. If you're in the very low income range, you're eligible for a $2500 down payment credit from Freddie Mac.

• Home Possible eligibility income limit in McHenry County, IL: $87,520
• Income limit for the $2500 down payment credit in McHenry County, IL: $54,700 per year

*For the most accurate income limits for the Freddie Mac Home Possible® loan and down payment assistance, please visit the Home Possible® Income and Property Eligibility Tool

Own or Rent in McHenry County?

*From 2022 public Census data

Household incomes in McHenry County

• Typical household income in McHenry County (median income): $98,907
• Number of homes with income between $20K - $40K: 11,285
• Number of homes with income between $40K - $60K: 13,889
• Number of homes with income between $60K - $100K: 26,985
• Number of homes with income between $100K - $150K: 26,355
• Number of homes with income between $150K - $200K: 15,125
• Number of homes with income over $200K: 16,592

*From 2022 public Census data

The people of McHenry County, IL

*From 2022 public Census data

Borrower complaints in McHenry County

Date of Complaint: 3/30/2025
ZIP code of borrower: 60014 (CRYSTAL LAKE, IL)
Company/Lender: Shellpoint Partners, LLC
Issue or Problem: Problem with a company's investigation into an existing problem (Difficulty submitting a dispute or getting information about a dispute over the phone)
I filed a complaint previously, XXXX, because they changed the interest rate from fixed to variable. They commented on XX/XX/XXXX that they had fixed the interest rate. I have a loan modification that states my payment is {$370.00} and they are now trying to tell me that I have to pay {$370.00}. They can not change the terms of my loan. I called on XX/XX/XXXX and spoke with XXXX XXXX who was supposed to be getting me to the XXXX department. I was transferred to XXXX XXXX who told me there is no XXXX department. She opened a case for the payment amount, XXXX. Called on XX/XX/XXXX and spoke with XXXX XXXX in Customer Service. He tried to transfer me to XXXX XXXX saying they handle the HELOC. XXXX XXXX would not take my call because they show the account is delinquent. I have not made any payments because they have the amount incorrect. If I make a payment, it will not be applied properly. As soon as they have the payment corrected, I will make all payments. XXXX then tried to transfer me to escalations and was connected to XXXX XXXX. She said she is the one that spoke with me XX/XX/XXXX and remembered the conversation. She was supposed to call me back. I neve received a call back. I called again on XX/XX/XXXX and XXXX XXXX filed a complaint and reached out to XXXX who said she had not called me because she had not heard anything. She said she would get back to me when she hears something. I called back on XX/XX/XXXX and spoke with XXXX XXXX who said XXXX was not in. XXXX put in a request to have the complaint escalated since there was still no response since XX/XX/XXXX, reference number XXXX. I still have not received any response and the payment amount is still showing {$370.00}. I received a letter stating that my account is past due and how to file for a hardship. I need for Shellpoint to correct the payment amount and remove any delinquencies on the account and with the credit bureaus. I will make all payments due as soon as the payment amount is corrected.
Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

Date of Complaint: 2/17/2025
ZIP code of borrower: 60156 (LAKE IN THE HILLS, IL)
Company/Lender: SELECT PORTFOLIO SERVICING, INC.
Issue or Problem: Struggling to pay mortgage (Trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure)
In XXXX, I went through a difficult period during COVID-19 with a reduction in hours and pay. Select Portfolio Servicing, the mortgage servicer, provided misleading information regarding my forbearance plan and kept telling me to wait for a response. At the same time, I received poor legal advice from my attorney, leading me to file a complaint with the Attorney Discipline Registry Commission. To make a long story short, after all the misinformation from Select Portfolio, I had to reach out to the investor, XXXX XXXX, to overturn Select Portfolio 's consistent denials, claiming the lender declined my modification. As it turns out, XXXX XXXX did approve my modification. I was doing well and finally managed to get my bills back in order after the failed legal advice. Now, I am requesting Select Portfolio to take the four payments behind and defer them to the loan end so I can start fresh in XXXX. I have a XXXX mother living with me, and she can no longer go upstairs to her bedroom to sleep, so I need to keep my credit in order to obtain a new loan to buy a ranch house to accommodate her XXXX. I have filled out a request for mortgage assistance, including : - XXXX and XXXX taxes ( XXXX taxes are not completed yet ) - Previous bank account statement from XXXX - Three pay stubs - Hardship letter I do not have time for back-and-forth communication ; I need straightforward answers as I try to get my finances in order after a rough four and a half years.
Company Response: Company believes it acted appropriately as authorized by contract or law

Date of Complaint: 1/29/2025
ZIP code of borrower: 60010 (BARRINGTON, IL)
Company/Lender: Shellpoint Partners, LLC
Issue or Problem: Trouble during payment process (Trying to communicate with the company to fix an issue while managing or servicing your loan)
Shellpoint Mortgage Servicing is repeatedly asking me to submit a master condo hazard insurance policy for my property. I have sent them this information everyone they asked before. But every few months they keep in sending me a notice. I submitted the insurance policy on their preferred online address as well. They claim they are a debt collection agency ( my original mortgage held by XXXX XXXX was sold/assigned to them ). Shellpoint are purposefully sending confusing notices with no other way to reach them except by fax. Or mailing address at : Shellpoint Mortgage Servicing XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX They have made it harder to reach them Online via convoluted way of accessing g the website. It is my feeling that they are finding reasons to create an issue with mortgage payers so that they can start a debt collection process. Since they are actually a debt collection agency, I am confused that why my mortgage was sold to them by XXXX XXXX. Kindly audit the process and reality of Shellpoint Mortgage Servicing which is actually a debt collection agency.
Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

Date of Complaint: 8/10/2024
ZIP code of borrower: 60156 (LAKE IN THE HILLS, IL)
Company/Lender: SELECT PORTFOLIO SERVICING, INC.
Issue or Problem: Struggling to pay mortgage (An existing modification, forbearance plan, short sale, or other loss mitigation relief)
Since the establishment of this loan in XX/XX/year>, there has been confusion regarding the holder of its rights. I was advised to consult a mortgage fraud auditor for a review of the loan. However, interpreting this audit is challenging as SPS refuses to disclose any information. Assistance in reviewing the attached file would be appreciated. SPS LOAN # XXXX Since the inception of this loan in XX/XX/year>, I have been misled about who holds the rights to it. I was directed to a mortgage fraud auditor to review the loan, and I am uncertain about how to interpret this audit, as SPS will not disclose any information. please help review attached file SPS LOAN # XXXX
Company Response: Company believes it acted appropriately as authorized by contract or law

Date of Complaint: 8/8/2024
ZIP code of borrower: 60156 (LAKE IN THE HILLS, IL)
Company/Lender: SELECT PORTFOLIO SERVICING, INC.
Issue or Problem: Struggling to pay mortgage (An existing modification, forbearance plan, short sale, or other loss mitigation relief)
I had a modification done in XX/XX/XXXX untill my escrow account was audited an closed per my request I have been trying to clean up from the bankruptcy in XXXX which SPS is partially responsible for creating and also bad legal advice from my attorney! Im currently 2 payments behind and I will fill out an application for a deferral payment to get my account back on track but they will have me send in all this information and then turn around and deny me for some lame excuse and now I feel its discrimination against me due to my age and or race that since I identify as white make in my XXXX they want me to die to my high equity on house My balance on credit report says {$190000.00} my modifications amount was for {$190000.00} I need explanation why my balance is {$10000.00} higher on credit report verse my last statement They have been constantly harassing me about the payment but I continue to communicate with them frequently as phone conversation are recorded
Company Response: Company believes it acted appropriately as authorized by contract or law

Date of Complaint: 6/22/2024
ZIP code of borrower: 60156 (LAKE IN THE HILLS, IL)
Company/Lender: SELECT PORTFOLIO SERVICING, INC.
Issue or Problem: Trouble during payment process (Escrow, taxes, or insurance)
After the modification in XX/XX/2023 Select portfolio Servicing XXXX XXXX XXXX Utah has no been straightforward in regards to my escrow account information I believe they mismanaged this account
Company Response: Company believes it acted appropriately as authorized by contract or law

Date of Complaint: 5/5/2024
ZIP code of borrower: 60102 (ALGONQUIN, IL)
Company/Lender: Shellpoint Partners, LLC
Issue or Problem: Trouble during payment process (Escrow, taxes, or insurance)
Hello. My name is XXXX XXXX. My address is XXXX XXXX XXXX, XXXXXXXX XXXX XXXX my phone number is XXXX and email address is XXXX. My XXXX and I have a complaint about our mortgage company New Rez. In XX/XX/XXXX we received our Annual Escrow Account Disclosure Statement with Projections for the Upcoming Year. It showed our payment going up by over {$1000.00} from what we were paying - from {$1900.00} to {$2900.00}. This is mostly due to a shortage and estimated amount on our property taxes - our homeowners insurance went up a bit as well but it is mainly the property taxes. We were surprised by this as my husband is a XXXX veteran and property tax exempt in XXXX When we bought our house we filled out the exemption forms for the mortgage company and made sure they were not going to be collecting taxes for our escrow account. I called NewRez on XX/XX/XXXX and spoke to XXXX in Customer Service. She said they did not have any documentation that we were tax exempt and I should email the paperwork to them. She also told me someone would call to let us know what was happening with our account. I sent the documents that day. No call ever came. I called NewRez again on XX/XX/XXXX and spoke with XXXX. He said the paperwork had been received but it had then been sent to the wrong department and processed incorrectly. He resubmitted the mortgage adjustment request and said we would be contacted by someone shortly. Again, no one ever contacted us back. At this point I had no choice but to pay the grossly inflated mortgage payment of {$2900.00} for the month. It took all of our limited savings to pay this. I called NewRez back on XX/XX/XXXX and spoke with XXXX in the XXXX Department. He went through everything and let us know the Property Tax bill for XXXX ( XXXX work a year behind ) was not ready yet but we could call the Tax Assessor for XXXX XXXX and see what our exemption would be. We did that while on the phone with XXXX and he heard the assessors confirm that we were 100 % exempt from XXXX taxes. He said we should receive an adjusted payment soon. By XX/XX/XXXX we had not received any contact from NewRez so I called back and spoke with XXXX in the XXXX Department. He was still not able to give us an adjusted payment amount and told us that according to the XXXX XXXX we were only partially exempt. We were extremely frustrated and asked to speak to a XXXX. We spoke to XXXX in the XXXX Department and she could not help. She then transferred us to XXXX XXXX in Customer Service- she also could not help. We asked to be transferred to the XXXX XXXX Department and she said that is where she was sending us. She lied. We were actually transferred to a different XXXX in XXXX XXXX XXXX XXXX. Of course she was unable to help us either but she did get us to XXXX XXXX in Loss Mitigation. He said he did not want to start any file as he believed this situation would be resolved soon. As of today - XX/XX/XXXX - it is still not resolved nor have we heard anything from any department at NewRez. We have always had to initiate contact with them.
Company Response: Company believes it acted appropriately as authorized by contract or law

*From public CFPB data

Top 5 mortgage companies doing the most loans to Asians in McHenry County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)
*Includes loans where the applicant race was reported as one of the following: Asian, Native Hawaiian or Other Pacific Islander, Asian Indian, Chinese, Filipino, Japanese, Korean, Vietnamese, Other Asian, Native Hawaiian, Other Pacific Islander

Top 5 mortgage companies doing the most loans to Blacks in McHenry County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)

Top 5 mortgage companies doing the most loans to Hispanics in McHenry County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)

Top 5 mortgage companies doing the most loans to Whites in McHenry County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)