American Financial Network · Illinois · 2025

American Financial Network in Illinois: approval rate, denial rate and rates (2025)

American Financial Network took 300 mortgage applications in Illinois in 2025, ranking #188 of 1,150 lenders active in the state. It originated 60.7% of them and denied 6.7% (9.8% of the applications it decided), against a statewide denial rate of 17.1%.

300Applicationsin IL
9.8%Decision denial ratestate 21.7%
7.00%Median ratestate 6.75%
$255,000Median loanstate $185,000
$51MVolume27 counties

American Financial Network in Illinois vs the state

6.7%Denial rate-10.45 pts vs state
9.8%Decision denial rate-11.88 pts vs state
60.7%Origination rate+1.93 pts vs state
7.00%Median rate+0.25 pts vs state
0.93Rate spread (pts)+0.55 pts vs state
$88kMedian applicant income
182Loans originated
20Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202343322911.3%7.25%#126
202450928611.0%7.00%#117
20253001826.7%7.00%#188

What American Financial Network lends in Illinois

By loan purpose

Home purchase 223 74% · 6.3% denied
Refinance 31 10% · 3.2% denied
Cash-out refinance 46 15% · 10.9% denied

By loan type

Conventional 159 53% · 5.7% denied
FHA 129 43% · 8.5% denied
VA 12 4% · 0.0% denied

Why it denied Illinois applicants

Credit history 6 30%
Debt-to-income ratio 6 30%
Other 4 20%
Collateral 3 15%
Incomplete application 1 5%

Where in Illinois

Counties with the most American Financial Network applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1639813 8.0%
Will County 44273 6.8%
Lake County 1780 0.0%
Kane County 16110 0.0%
DuPage County 1160 0.0%
Winnebago County 1060 0.0%
McHenry County 880 0.0%
Boone County 411 25.0%
Grundy County 320 0.0%
DeKalb County 311 33.3%

Other large lenders in Illinois

LenderGradeApplicationsDenial rateMedian rate
Guaranteed RateB 17,4794.9%6.63%
Rocket MortgageC 16,97119.7%6.75%
United Shore Financial ServicesB 15,64413.0%6.50%
JPMorgan Chase BankB 13,5749.7%6.49%
U.S. BankD 10,07638.3%7.00%
Crosscountry MortgageB 8,7794.5%6.75%
Fifth Third BankD 8,62832.1%7.50%
The Huntington National BankD 8,22631.9%6.99%
BMO BankF 8,00732.7%8.33%
Loandepot.ComD 7,01917.7%6.88%

Frequently asked questions

Illinois: 300 applications in 2025, of which 182 were originated and 20 denied.

6.7% of all applications, or 9.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans American Financial Network originated in Illinois in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are American Financial Network's own HMDA filing for properties located in Illinois, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology