Private & Hard Money Lenders in Winnebago County, IL
12 lenders funded 20 short-term investment-property loans in Winnebago County in 2024 at a median rate of 9.20%. Ranked by verified loan volume — not paid placement.
Winnebago County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | Midland States Bank | 4 | 9.20% | 7 |
| 2 | First Mid Bank and Trust, NA | 3 | 8.00% | 31 |
| 3 | NORTHWEST BANK OF ROCKFORD | 2 | — | 35 |
| 4 | Loan Funder LLC | 2 | — | 9 |
| 5 | HTLF BANK | 2 | — | 3 |
| 6 | LendingOne LLC | 1 | — | 10 |
| 7 | Dominion Financial Services, LLC | 1 | — | 5 |
| 8 | LIMA ONE CAPITAL, LLC | 1 | — | 3 |
| 9 | American Heritage Lending, LLC | 1 | — | 2 |
| 10 | KIAVI FUNDING, INC. | 1 | — | 2 |
| 11 | FIRST NATIONAL BANK OF OMAHA | 1 | — | — |
| 12 | Merchants Bank of Indiana | 1 | — | — |
DSCR / long-term rental lenders in Winnebago County
These lenders reported only longer-term (>36 month) business-purpose rental loans here in 2024— a different product from hard money, listed separately so the two aren't conflated.
Frequently asked questions
12 lenders reported short-term, business-purpose investment loans in Winnebago County in 2024 verified lending records — 20 loans totaling $15.8M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Winnebago County's active lenders was 9.20% in 2024, with per-lender medians ranging from 8.00% to 9.20%. Hard money runs well above conventional mortgage rates because loans are short, asset-based, and close fast.
Verified public lending records for 2024. We count originated, business-purpose loans on investment properties with terms of 36 months or less — the bridge and fix-and-flip products hard money lenders make. Rankings reflect verified loan counts, never paid placement.