Equity Prime Mortgage · Illinois · 2025

Equity Prime Mortgage in Illinois: approval rate, denial rate and rates (2025)

Equity Prime Mortgage took 732 mortgage applications in Illinois in 2025, ranking #100 of 1,150 lenders active in the state. It originated 45.4% of them and denied 9.4% (17.2% of the applications it decided), against a statewide denial rate of 17.1%.

732Applicationsin IL
17.2%Decision denial ratestate 21.7%
6.63%Median ratestate 6.75%
$225,000Median loanstate $185,000
$77MVolume66 counties

Equity Prime Mortgage in Illinois vs the state

9.4%Denial rate-7.69 pts vs state
17.2%Decision denial rate-4.52 pts vs state
45.4%Origination rate-13.38 pts vs state
6.63%Median rate-0.13 pts vs state
0.49Rate spread (pts)+0.10 pts vs state
$83kMedian applicant income
332Loans originated
69Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231801023.3%7.25%#240
20244732656.1%6.75%#125
20257323329.4%6.63%#100

What Equity Prime Mortgage lends in Illinois

By loan purpose

Home purchase 425 58% · 9.7% denied
Refinance 78 11% · 9.0% denied
Cash-out refinance 229 31% · 9.2% denied

By loan type

Conventional 30 4% · 16.7% denied
FHA 496 68% · 9.9% denied
VA 140 19% · 9.3% denied
USDA / RHS 66 9% · 3.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 33 48%
Credit history 18 26%
Other 12 17%
Unverifiable information 2 3%
Employment history 2 3%
Insufficient cash 1 1%
Incomplete application 1 1%

Where in Illinois

Counties with the most Equity Prime Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 30811930 9.7%
St. Clair County 51249 17.6%
Will County 44176 13.6%
Madison County 36224 11.1%
Kane County 24101 4.2%
Lake County 2264 18.2%
DuPage County 1971 5.3%
McHenry County 1790 0.0%
Winnebago County 1462 14.3%
Kendall County 1350 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: 732 applications in 2025, of which 332 were originated and 69 denied.

9.4% of all applications, or 17.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Equity Prime Mortgage originated in Illinois in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Equity Prime Mortgage'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