Devon Bank · Illinois · 2025

Devon Bank in Illinois: approval rate, denial rate and rates (2025)

Devon Bank took 165 mortgage applications in Illinois in 2025, ranking #278 of 1,150 lenders active in the state. It originated 63.6% of them and denied 4.9% (7.0% of the applications it decided), against a statewide denial rate of 17.1%.

165Applicationsin IL
7.0%Decision denial ratestate 21.7%
Median ratestate 6.75%
$255,000Median loanstate $185,000
$34MVolume8 counties

Devon Bank in Illinois vs the state

4.9%Denial rate-12.27 pts vs state
7.0%Decision denial rate-14.72 pts vs state
63.6%Origination rate+4.90 pts vs state
Median rate
Rate spread (pts)
$108kMedian applicant income
105Loans originated
8Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231529911.8%7.00%#270
20241711132.9%6.75%#249
20251651054.9%#278

What Devon Bank lends in Illinois

By loan purpose

Home purchase 133 81% · 5.3% denied
Refinance 20 12% · 5.0% denied
Cash-out refinance 12 7% · 0.0% denied

By loan type

Conventional 164 99% · 4.9% denied
FHA 1 1% · 0.0% denied

Where in Illinois

Counties with the most Devon Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 118783 2.5%
DuPage County 15112 13.3%
Lake County 1480 0.0%
Will County 960 0.0%
Peoria County 301 33.3%
Kane County 211 50.0%
Kendall County 110 0.0%
McHenry County 100 0.0%

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: 165 applications in 2025, of which 105 were originated and 8 denied.

4.9% of all applications, or 7.0% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Devon 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