Associated Bank · Illinois · 2025

Associated Bank in Illinois: approval rate, denial rate and rates (2025)

Associated Bank took 1,758 mortgage applications in Illinois in 2025, ranking #48 of 1,150 lenders active in the state. It originated 60.3% of them and denied 28.7% (31.5% of the applications it decided), against a statewide denial rate of 17.1%.

1.8kApplicationsin IL
31.5%Decision denial ratestate 21.7%
6.88%Median ratestate 6.75%
$145,000Median loanstate $185,000
$439MVolume38 counties

Associated Bank in Illinois vs the state

28.7%Denial rate+11.55 pts vs state
31.5%Decision denial rate+9.86 pts vs state
60.3%Origination rate+1.56 pts vs state
6.88%Median rate+0.13 pts vs state
0.10Rate spread (pts)-0.29 pts vs state
$96kMedian applicant income
1,060Loans originated
504Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,9361,07334.4%7.13%#36
20241,8051,01033.4%7.25%#42
20251,7581,06028.7%6.88%#48

What Associated Bank lends in Illinois

By loan purpose

Home purchase 690 39% · 16.2% denied
Refinance 314 18% · 30.3% denied
Cash-out refinance 46 3% · 32.6% denied
Home improvement 396 23% · 45.0% denied
Other / HELOC 312 18% · 33.3% denied

By loan type

Conventional 1,669 95% · 29.0% denied
FHA 78 4% · 23.1% denied
VA 11 1% · 18.2% denied

Why it denied Illinois applicants

Debt-to-income ratio 283 56%
Credit history 119 24%
Collateral 61 12%
Employment history 16 3%
Unverifiable information 10 2%
Other 8 2%
Incomplete application 7 1%

Where in Illinois

Counties with the most Associated Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 672408180 26.8%
Winnebago County 24915669 27.7%
Lake County 1578455 35.0%
St. Clair County 1106333 30.0%
Madison County 1056526 24.8%
Kane County 1055349 46.7%
DuPage County 896022 24.7%
McHenry County 654812 18.5%
Macoupin County 563120 35.7%
Will County 341810 29.4%

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: 1,758 applications in 2025, of which 1,060 were originated and 504 denied.

28.7% of all applications, or 31.5% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Associated Bank originated in Illinois in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are Associated Bank'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