Bay Equity in Illinois vs the state
2.1%Denial rate-15.03 pts vs state
2.9%Decision denial rate-18.81 pts vs state
70.0%Origination rate+11.30 pts vs state
6.75%Median rate0.00 pts vs state
0.32Rate spread (pts)-0.06 pts vs state
$124kMedian applicant income
470Loans originated
14Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,437 | 960 | 3.8% | 6.63% | #52 |
| 2024 | 1,304 | 902 | 3.9% | 6.63% | #59 |
| 2025 | 671 | 470 | 2.1% | 6.75% | #108 |
What Bay Equity lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 363 | 248 | 9 | 2.5% |
| DuPage County | 77 | 57 | 1 | 1.3% |
| Lake County | 68 | 45 | 2 | 2.9% |
| Will County | 64 | 44 | 1 | 1.6% |
| McHenry County | 36 | 26 | 0 | 0.0% |
| Kane County | 32 | 24 | 1 | 3.1% |
| Kendall County | 14 | 10 | 0 | 0.0% |
| Grundy County | 5 | 5 | 0 | 0.0% |
| LaSalle County | 3 | 3 | 0 | 0.0% |
| Boone County | 3 | 3 | 0 | 0.0% |
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: 671 applications in 2025, of which 470 were originated and 14 denied.
2.1% of all applications, or 2.9% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Bay Equity originated in Illinois in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Bay Equity'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