Mortgage lender · Geneseo, IL · LEI 549300ZM3TKJVUYB3676

Central Bank Illinois review: approval odds, rates and grade (2025)

Central Bank Illinois earns an A, placing it in the top fifth of small mortgage lenders. It turned down 3.1% of the applications it decided on in 2025, which ranks in the 83rd percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

390Applications2025
87.2%Originatedof applications
3.1%Decision denial ratenational 22.6%
Median ratenational 6.63%
$63MLoan volume9 states

Central Bank Illinois at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

2.8%Denial rate (all applications)-15.16 pts vs national
3.1%Denial rate (decided applications)-19.46 pts vs national
87.2%Origination rate+29.15 pts vs national
9.7%Withdrawn by applicant
0.3%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$105,000Median loan amount
Median total loan costs
$84kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the A grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

83rd3.1% denied

Processwithdrawn + incomplete share, weight 15%

57th10.0%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233823372.4%2.6%6.85%$65M
20243663063.8%4.4%$61M
20253903402.8%3.1%$63M

What Central Bank Illinois lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 231 59% · 1.7% denied
Refinance 102 26% · 2.9% denied
Cash-out refinance 18 5% · 5.6% denied
Home improvement 24 6% · 4.2% denied
Other / HELOC 15 4% · 13.3% denied

By loan type

Conventional 390 100% · 2.8% denied

Also: 0 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 122 investment properties.

Who gets approved at Central Bank Illinois

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k69546.9%
$50k – $100k119984.9%
$100k – $150k65600.0%
$150k – $250k50440.0%
Over $250k23220.0%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2520170.0%
25–3471576.6%
35–4469581.7%
45–5468573.4%
55–6445412.4%
65–7447422.3%

Where Central Bank Illinois lends

9 states and 42 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois3663182.7%#165
Iowa13117.7%#336

Frequently asked questions

Central Bank Illinois denied 3.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 83rd percentile of small mortgage lenders.

In 2025, 59% of its applications were for home purchases, 31% for refinancing (including cash-out), and 10% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Central Bank Illinois. Data sources · Methodology