Direct Mortgage Loans · Illinois · 2025

Direct Mortgage Loans in Illinois: approval rate, denial rate and rates (2025)

Direct Mortgage Loans took 59 mortgage applications in Illinois in 2025, ranking #434 of 1,150 lenders active in the state. It originated 66.1% of them and denied 3.4% (4.2% of the applications it decided), against a statewide denial rate of 17.1%.

59Applicationsin IL
4.2%Decision denial ratestate 21.7%
6.75%Median ratestate 6.75%
$245,000Median loanstate $185,000
$10MVolume7 counties

Direct Mortgage Loans in Illinois vs the state

3.4%Denial rate-13.73 pts vs state
4.2%Decision denial rate-17.51 pts vs state
66.1%Origination rate+7.36 pts vs state
6.75%Median rate0.00 pts vs state
0.86Rate spread (pts)+0.48 pts vs state
$91kMedian applicant income
39Loans originated
2Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202340275.0%7.13%#488
202469548.7%6.75%#399
202559393.4%6.75%#434

What Direct Mortgage Loans lends in Illinois

By loan purpose

Home purchase 50 85% · 0.0% denied
Refinance 4 7% · 25.0% denied
Cash-out refinance 3 5% · 33.3% denied
Home improvement 2 3% · 0.0% denied

By loan type

Conventional 21 36% · 9.5% denied
FHA 34 58% · 0.0% denied
VA 4 7% · 0.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 2 100%

Where in Illinois

Counties with the most Direct Mortgage Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 47311 2.1%
Will County 531 20.0%
Champaign County 220 0.0%
Lake County 220 0.0%
DuPage County 100 0.0%
Kankakee County 110 0.0%
DeKalb 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: 59 applications in 2025, of which 39 were originated and 2 denied.

3.4% of all applications, or 4.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Direct Mortgage Loans originated in Illinois in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are Direct Mortgage Loans'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