Charles Schwab Bank in Illinois vs the state
6.0%Denial rate-11.16 pts vs state
6.0%Decision denial rate-15.72 pts vs state
91.7%Origination rate+33.00 pts vs state
5.63%Median rate-1.13 pts vs state
-0.20Rate spread (pts)-0.58 pts vs state
$337kMedian applicant income
200Loans originated
13Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 70 | 69 | 1.4% | 5.88% | #394 |
| 2024 | 105 | 97 | 7.6% | 6.05% | #332 |
| 2025 | 218 | 200 | 6.0% | 5.63% | #237 |
What Charles Schwab Bank lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Charles Schwab Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 145 | 133 | 10 | 6.9% |
| Lake County | 32 | 30 | 2 | 6.3% |
| DuPage County | 27 | 23 | 1 | 3.7% |
| Kane County | 5 | 5 | 0 | 0.0% |
| McLean County | 1 | 1 | 0 | 0.0% |
| Sangamon County | 1 | 1 | 0 | 0.0% |
| McHenry County | 1 | 1 | 0 | 0.0% |
| Menard County | 1 | 1 | 0 | 0.0% |
| Kendall County | 1 | 1 | 0 | 0.0% |
| Monroe County | 1 | 1 | 0 | 0.0% |
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% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 218 applications in 2025, of which 200 were originated and 13 denied.
6.0% of all applications, or 6.0% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Charles Schwab Bank originated in Illinois in 2025 was 5.63%, against a statewide median of 6.75%.
About this data. Figures are Charles Schwab 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