Commercial Lender in Illinois vs the state
77.8%Denial rate+60.66 pts vs state
80.7%Decision denial rate+58.97 pts vs state
18.7%Origination rate-40.07 pts vs state
10.87%Median rate+4.12 pts vs state
—Rate spread (pts)
—Median applicant income
42Loans originated
175Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 184 | 53 | 26.6% | 11.74% | #237 |
| 2024 | 314 | 70 | 36.6% | 11.24% | #173 |
| 2025 | 225 | 42 | 77.8% | 10.87% | #233 |
What Commercial Lender lends in Illinois
By loan purpose
By loan type
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: 225 applications in 2025, of which 42 were originated and 175 denied.
77.8% of all applications, or 80.7% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Commercial Lender originated in Illinois in 2025 was 10.87%, against a statewide median of 6.75%.
About this data. Figures are Commercial Lender'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