Bank of Hillsboro · Illinois · 2025

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

Bank of Hillsboro took 171 mortgage applications in Illinois in 2025, ranking #269 of 1,150 lenders active in the state. It originated 62.0% of them and denied 19.3% (21.6% of the applications it decided), against a statewide denial rate of 17.1%.

171Applicationsin IL
21.6%Decision denial ratestate 21.7%
6.98%Median ratestate 6.75%
$125,000Median loanstate $185,000
$33MVolume17 counties

Bank of Hillsboro in Illinois vs the state

19.3%Denial rate+2.18 pts vs state
21.6%Decision denial rate-0.11 pts vs state
62.0%Origination rate+3.25 pts vs state
6.98%Median rate+0.22 pts vs state
0.07Rate spread (pts)-0.31 pts vs state
$82kMedian applicant income
106Loans originated
33Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324114519.9%6.75%#192
202426216218.3%6.75%#194
202517110619.3%6.98%#269

What Bank of Hillsboro lends in Illinois

By loan purpose

Home purchase 111 65% · 16.2% denied
Refinance 16 9% · 6.3% denied
Cash-out refinance 23 13% · 43.5% denied
Home improvement 3 2% · 0.0% denied
Other / HELOC 18 11% · 22.2% denied

By loan type

Conventional 171 100% · 19.3% denied

Why it denied Illinois applicants

Credit history 15 45%
Debt-to-income ratio 10 30%
Collateral 6 18%
Other 1 3%
Insufficient cash 1 3%

Where in Illinois

Counties with the most Bank of Hillsboro applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Madison County 61515 8.2%
Montgomery County 311110 32.3%
Macoupin County 31156 19.4%
Bond County 843 37.5%
Clinton County 741 14.3%
St. Clair County 651 16.7%
Fayette County 641 16.7%
Marion County 431 25.0%
Effingham County 403 75.0%
Sangamon County 321 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: 171 applications in 2025, of which 106 were originated and 33 denied.

19.3% of all applications, or 21.6% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Bank of Hillsboro originated in Illinois in 2025 was 6.98%, against a statewide median of 6.75%.

About this data. Figures are Bank of Hillsboro'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