Consumer Real Estate Finance · Illinois · 2025

Consumer Real Estate Finance in Illinois: approval rate, denial rate and rates (2025)

Consumer Real Estate Finance took 471 mortgage applications in Illinois in 2025, ranking #136 of 1,150 lenders active in the state. It originated 66.5% of them and denied 22.5% (25.3% of the applications it decided), against a statewide denial rate of 17.1%.

471Applicationsin IL
25.3%Decision denial ratestate 21.7%
6.88%Median ratestate 6.75%
$215,000Median loanstate $185,000
$77MVolume63 counties

Consumer Real Estate Finance in Illinois vs the state

22.5%Denial rate+5.39 pts vs state
25.3%Decision denial rate+3.62 pts vs state
66.5%Origination rate+7.71 pts vs state
6.88%Median rate+0.13 pts vs state
0.69Rate spread (pts)+0.31 pts vs state
$87kMedian applicant income
313Loans originated
106Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231225523.0%6.63%#297
20241919325.7%6.88%#231
202547131322.5%6.88%#136

What Consumer Real Estate Finance lends in Illinois

By loan purpose

Home purchase 352 75% · 22.2% denied
Refinance 16 3% · 31.3% denied
Cash-out refinance 1 0% · 0.0% denied
Other / HELOC 102 22% · 22.6% denied

By loan type

Conventional 274 58% · 18.6% denied
FHA 119 25% · 21.0% denied
VA 10 2% · 50.0% denied
USDA / RHS 68 14% · 36.8% denied

Why it denied Illinois applicants

Incomplete application 32 30%
Other 24 23%
Collateral 14 13%
Debt-to-income ratio 12 11%
Credit history 7 7%
Employment history 6 6%
Insufficient cash 5 5%
Unverifiable information 5 5%
Mortgage insurance denied 1 1%

Where in Illinois

Counties with the most Consumer Real Estate Finance applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 16311931 19.0%
DuPage County 34277 20.6%
Will County 33215 15.2%
McHenry County 33218 24.2%
Kane County 27204 14.8%
Lake County 20134 20.0%
Winnebago County 853 37.5%
LaSalle County 871 12.5%
Macon County 843 37.5%
Vermilion County 852 25.0%

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: 471 applications in 2025, of which 313 were originated and 106 denied.

22.5% of all applications, or 25.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Consumer Real Estate Finance originated in Illinois in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are Consumer Real Estate Finance'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