Fairway Independent Mortgage · Illinois · 2025

Fairway Independent Mortgage in Illinois: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 6,151 mortgage applications in Illinois in 2025, ranking #14 of 1,150 lenders active in the state. It originated 68.5% of them and denied 6.0% (7.9% of the applications it decided), against a statewide denial rate of 17.1%.

6.2kApplicationsin IL
7.9%Decision denial ratestate 21.7%
6.88%Median ratestate 6.75%
$245,000Median loanstate $185,000
$1.1BVolume74 counties

Fairway Independent Mortgage in Illinois vs the state

6.0%Denial rate-11.14 pts vs state
7.9%Decision denial rate-13.77 pts vs state
68.5%Origination rate+9.79 pts vs state
6.88%Median rate+0.13 pts vs state
0.62Rate spread (pts)+0.24 pts vs state
$98kMedian applicant income
4,215Loans originated
368Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236,1634,3326.8%6.75%#12
20245,5943,9636.2%6.99%#15
20256,1514,2156.0%6.88%#14

What Fairway Independent Mortgage lends in Illinois

By loan purpose

Home purchase 4,960 81% · 5.8% denied
Refinance 677 11% · 4.0% denied
Cash-out refinance 323 5% · 10.8% denied
Home improvement 51 1% · 9.8% denied
Other / HELOC 140 2% · 10.7% denied

By loan type

Conventional 4,775 78% · 5.5% denied
FHA 1,148 19% · 8.2% denied
VA 194 3% · 4.1% denied
USDA / RHS 34 1% · 14.7% denied

Why it denied Illinois applicants

Debt-to-income ratio 91 25%
Collateral 62 17%
Other 51 14%
Credit history 50 14%
Unverifiable information 39 11%
Incomplete application 29 8%
Insufficient cash 26 7%
Employment history 20 5%

Where in Illinois

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 2,6541,776170 6.4%
DuPage County 58039926 4.5%
Lake County 46632323 4.9%
Will County 44329633 7.4%
McHenry County 43130713 3.0%
Kane County 36927021 5.7%
Winnebago County 32221720 6.2%
St. Clair County 103747 6.8%
Monroe County 90696 6.7%
Kendall County 87625 5.7%

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: 6,151 applications in 2025, of which 4,215 were originated and 368 denied.

6.0% of all applications, or 7.9% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Fairway Independent Mortgage originated in Illinois in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are Fairway Independent 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