Better Banks · Illinois · 2025

Better Banks in Illinois: approval rate, denial rate and rates (2025)

Better Banks took 169 mortgage applications in Illinois in 2025, ranking #273 of 1,150 lenders active in the state. It originated 84.6% of them and denied 1.8% (1.9% of the applications it decided), against a statewide denial rate of 17.1%.

169Applicationsin IL
1.9%Decision denial ratestate 21.7%
Median ratestate 6.75%
$125,000Median loanstate $185,000
$24MVolume11 counties

Better Banks in Illinois vs the state

1.8%Denial rate-15.34 pts vs state
1.9%Decision denial rate-19.80 pts vs state
84.6%Origination rate+25.88 pts vs state
Median rate
Rate spread (pts)
$103kMedian applicant income
143Loans originated
3Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231661424.8%#255
20241701494.1%#251
20251691431.8%#273

What Better Banks lends in Illinois

By loan purpose

Home purchase 94 56% · 2.1% denied
Refinance 13 8% · 0.0% denied
Cash-out refinance 46 27% · 0.0% denied
Home improvement 4 2% · 0.0% denied
Other / HELOC 12 7% · 8.3% denied

By loan type

Conventional 169 100% · 1.8% denied

Why it denied Illinois applicants

Credit history 2 67%
Debt-to-income ratio 1 33%

Where in Illinois

Counties with the most Better Banks applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Peoria County 95751 1.1%
Tazewell County 48451 2.1%
Woodford County 770 0.0%
Fulton County 750 0.0%
Stark County 440 0.0%
Marshall County 220 0.0%
Knox County 220 0.0%
Mason County 110 0.0%
Williamson County 110 0.0%
McLean 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: 169 applications in 2025, of which 143 were originated and 3 denied.

1.8% of all applications, or 1.9% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Better Banks'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