Bank of America in Illinois vs the state
33.5%Denial rate+16.33 pts vs state
43.8%Decision denial rate+22.09 pts vs state
42.4%Origination rate-16.36 pts vs state
5.99%Median rate-0.76 pts vs state
0.55Rate spread (pts)+0.17 pts vs state
$118kMedian applicant income
2,889Loans originated
2,280Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7,251 | 2,805 | 46.0% | 6.88% | #9 |
| 2024 | 6,508 | 2,604 | 36.5% | 6.99% | #10 |
| 2025 | 6,817 | 2,889 | 33.5% | 5.99% | #12 |
What Bank of America lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 3,791 | 1,621 | 1,294 | 34.1% |
| DuPage County | 745 | 362 | 190 | 25.5% |
| Lake County | 573 | 273 | 163 | 28.4% |
| Will County | 499 | 186 | 186 | 37.3% |
| Kane County | 306 | 135 | 108 | 35.3% |
| McHenry County | 220 | 93 | 79 | 35.9% |
| St. Clair County | 104 | 37 | 43 | 41.3% |
| Kendall County | 88 | 31 | 35 | 39.8% |
| Madison County | 65 | 32 | 15 | 23.1% |
| Winnebago County | 32 | 8 | 11 | 34.4% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 6,817 applications in 2025, of which 2,889 were originated and 2,280 denied.
33.5% of all applications, or 43.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Bank of America originated in Illinois in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are Bank of America'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