Axos Bank · Illinois · 2025

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

Axos Bank took 30 mortgage applications in Illinois in 2025, ranking #540 of 1,150 lenders active in the state. It originated 23.3% of them and denied 20.0% (46.2% of the applications it decided), against a statewide denial rate of 17.1%.

30Applicationsin IL
46.2%Decision denial ratestate 21.7%
7.00%Median ratestate 6.75%
$225,000Median loanstate $185,000
$3.8MVolume9 counties

Axos Bank in Illinois vs the state

20.0%Denial rate+2.88 pts vs state
46.2%Decision denial rate+24.47 pts vs state
23.3%Origination rate-35.41 pts vs state
7.00%Median rate+0.25 pts vs state
0.66Rate spread (pts)+0.28 pts vs state
$130kMedian applicant income
7Loans originated
6Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023451335.6%6.75%#475
202426826.9%7.13%#551
202530720.0%7.00%#540

What Axos Bank lends in Illinois

By loan purpose

Home purchase 9 30% · 11.1% denied
Refinance 6 20% · 16.7% denied
Cash-out refinance 8 27% · 37.5% denied
Home improvement 1 3% · 0.0% denied
Other / HELOC 6 20% · 16.7% denied

By loan type

Conventional 29 97% · 20.7% denied
FHA 1 3% · 0.0% denied

Why it denied Illinois applicants

Credit history 2 33%
Other 2 33%
Debt-to-income ratio 2 33%

Where in Illinois

Counties with the most Axos Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1631 6.3%
Champaign County 320 0.0%
Lake County 311 33.3%
DuPage County 201 50.0%
Clinton County 202 100.0%
Kane County 110 0.0%
Peoria County 100 0.0%
Vermilion County 100 0.0%
Crawford County 101 100.0%

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: 30 applications in 2025, of which 7 were originated and 6 denied.

20.0% of all applications, or 46.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Axos Bank originated in Illinois in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are Axos 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