BoxCar Mortgage · Illinois · 2025

BoxCar Mortgage in Illinois: approval rate, denial rate and rates (2025)

BoxCar Mortgage took 50 mortgage applications in Illinois in 2025, ranking #461 of 1,150 lenders active in the state. It originated 78.0% of them and denied 10.0% (11.1% of the applications it decided), against a statewide denial rate of 17.1%.

50Applicationsin IL
11.1%Decision denial ratestate 21.7%
6.88%Median ratestate 6.75%
$205,000Median loanstate $185,000
$8.5MVolume20 counties

BoxCar Mortgage in Illinois vs the state

10.0%Denial rate-7.12 pts vs state
11.1%Decision denial rate-10.57 pts vs state
78.0%Origination rate+19.26 pts vs state
6.88%Median rate+0.13 pts vs state
0.75Rate spread (pts)+0.37 pts vs state
$6,563kMedian applicant income
39Loans originated
5Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024191131.6%6.75%#592
2025503910.0%6.88%#461

What BoxCar Mortgage lends in Illinois

By loan purpose

Home purchase 44 88% · 9.1% denied
Cash-out refinance 6 12% · 16.7% denied

By loan type

Conventional 26 52% · 7.7% denied
FHA 19 38% · 15.8% denied
VA 3 6% · 0.0% denied
USDA / RHS 2 4% · 0.0% denied

Why it denied Illinois applicants

Insufficient cash 2 40%
Unverifiable information 1 20%
Collateral 1 20%
Debt-to-income ratio 1 20%

Where in Illinois

Counties with the most BoxCar Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 18151 5.6%
DuPage County 430 0.0%
Kane County 430 0.0%
Will County 321 33.3%
McHenry County 321 33.3%
Madison County 211 50.0%
Lake County 220 0.0%
Kankakee County 220 0.0%
Randolph County 101 100.0%
Wayne County 110 0.0%

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: 50 applications in 2025, of which 39 were originated and 5 denied.

10.0% of all applications, or 11.1% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans BoxCar Mortgage originated in Illinois in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are BoxCar Mortgage'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