BMO Bank in Illinois vs the state
32.7%Denial rate+15.58 pts vs state
39.4%Decision denial rate+17.75 pts vs state
48.8%Origination rate-9.96 pts vs state
8.33%Median rate+1.58 pts vs state
1.12Rate spread (pts)+0.74 pts vs state
$100kMedian applicant income
3,906Loans originated
2,618Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7,470 | 3,513 | 34.0% | 8.54% | #8 |
| 2024 | 8,186 | 3,721 | 34.6% | 8.90% | #8 |
| 2025 | 8,007 | 3,906 | 32.7% | 8.33% | #9 |
What BMO Bank lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 3,482 | 1,583 | 1,243 | 35.7% |
| DuPage County | 1,049 | 558 | 278 | 26.5% |
| Will County | 1,048 | 589 | 291 | 27.8% |
| Kane County | 644 | 291 | 221 | 34.3% |
| McHenry County | 570 | 298 | 171 | 30.0% |
| Lake County | 567 | 285 | 174 | 30.7% |
| Winnebago County | 269 | 142 | 83 | 30.9% |
| Kendall County | 127 | 58 | 55 | 43.3% |
| Boone County | 58 | 21 | 29 | 50.0% |
| Grundy County | 37 | 22 | 8 | 21.6% |
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% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
| Broker Solutions | D | 6,886 | 8.3% | 6.88% |
Frequently asked questions
Illinois: 8,007 applications in 2025, of which 3,906 were originated and 2,618 denied.
32.7% of all applications, or 39.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans BMO Bank originated in Illinois in 2025 was 8.33%, against a statewide median of 6.75%.
About this data. Figures are BMO 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