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Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770 Rates, terms, and fees as 4/22/2022 11:00 AM Central Standard Time and subject to change without notice. Rates are posted daily at 11am Monday – Friday. Rates are not posted on the weekend. Call the Smart Mortgage rate lock line now (888) 999-1350.
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Tolono is a village in Tolono Township, Champaign County, Illinois, United States. The population was 3,447 at the 2010 census. Its name was fabricated by J.B. Calhoun, land commission of the Illinois Central Railroad, who wrote about it simply: “[I] placed the vowel o three times, thus o-o-o, and filling in with the consonants t-l-n.”[3][4]
Tolono is located at 39°59′10″N 88°15′35″W / 39.98611°N 88.25972°W / 39.98611; -88.25972 (39.986046, -88.259727).[5]
According to the history of Champaign County: A surveyor for the Illinois Central who was looking for a division headquarters, surveyed the Tolono area and wrote on a map ‘too low, No.’ and that became the name of the town established there.
Tolono at one time had two or three companies making tile used to drain the land around the town, resulting in swamps on the east side of the town both on the north and south side of the Wabash Railroad.