Broker Solutions · Illinois · 2025

Broker Solutions in Illinois: approval rate, denial rate and rates (2025)

Broker Solutions took 6,886 mortgage applications in Illinois in 2025, ranking #11 of 1,150 lenders active in the state. It originated 52.0% of them and denied 8.3% (13.6% of the applications it decided), against a statewide denial rate of 17.1%.

6.9kApplicationsin IL
13.6%Decision denial ratestate 21.7%
6.88%Median ratestate 6.75%
$165,000Median loanstate $185,000
$835MVolume99 counties

Broker Solutions in Illinois vs the state

8.3%Denial rate-8.84 pts vs state
13.6%Decision denial rate-8.12 pts vs state
52.0%Origination rate-6.74 pts vs state
6.88%Median rate+0.13 pts vs state
0.68Rate spread (pts)+0.29 pts vs state
$85kMedian applicant income
3,581Loans originated
570Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,7021,2749.2%6.75%#26
20245,7342,9079.4%7.00%#14
20256,8863,5818.3%6.88%#11

What Broker Solutions lends in Illinois

By loan purpose

Home purchase 3,578 52% · 3.8% denied
Refinance 779 11% · 5.1% denied
Cash-out refinance 1,586 23% · 10.7% denied
Home improvement 251 4% · 21.5% denied
Other / HELOC 692 10% · 24.4% denied

By loan type

Conventional 3,865 56% · 5.9% denied
FHA 2,615 38% · 12.1% denied
VA 350 5% · 7.4% denied
USDA / RHS 56 1% · 5.4% denied

Why it denied Illinois applicants

Credit history 314 55%
Collateral 67 12%
Other 66 12%
Debt-to-income ratio 43 8%
Incomplete application 33 6%
Unverifiable information 29 5%
Insufficient cash 12 2%
Employment history 6 1%

Where in Illinois

Counties with the most Broker Solutions applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1,878840175 9.3%
Madison County 48131330 6.2%
Champaign County 45331522 4.9%
St. Clair County 33319532 9.6%
Will County 31113626 8.4%
DuPage County 30115212 4.0%
Lake County 28012416 5.7%
Macon County 27518420 7.3%
McHenry County 19810710 5.1%
Kane County 1728317 9.9%

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: 6,886 applications in 2025, of which 3,581 were originated and 570 denied.

8.3% of all applications, or 13.6% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

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

About this data. Figures are Broker Solutions'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