Farmers State Bank of Hoffman · Illinois · 2025

Farmers State Bank of Hoffman in Illinois: approval rate, denial rate and rates (2025)

Farmers State Bank of Hoffman took 25 mortgage applications in Illinois in 2025, ranking #561 of 1,150 lenders active in the state. It originated 80.0% of them and denied 8.0% (8.3% of the applications it decided), against a statewide denial rate of 17.1%.

25Applicationsin IL
8.3%Decision denial ratestate 21.7%
Median ratestate 6.75%
$135,000Median loanstate $185,000
$3.1MVolume3 counties

Farmers State Bank of Hoffman in Illinois vs the state

8.0%Denial rate-9.12 pts vs state
8.3%Decision denial rate-13.35 pts vs state
80.0%Origination rate+21.26 pts vs state
Median rate
Rate spread (pts)
$112kMedian applicant income
20Loans originated
2Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023141014.3%#635
202424208.3%#561
202525208.0%#561

What Farmers State Bank of Hoffman lends in Illinois

By loan purpose

Home purchase 21 84% · 9.5% denied
Refinance 1 4% · 0.0% denied
Cash-out refinance 2 8% · 0.0% denied
Home improvement 1 4% · 0.0% denied

By loan type

Conventional 24 96% · 4.2% denied
USDA / RHS 1 4% · 100.0% denied

Where in Illinois

Counties with the most Farmers State Bank of Hoffman applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clinton County 22192 9.1%
Madison County 210 0.0%
St. Clair 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: 25 applications in 2025, of which 20 were originated and 2 denied.

8.0% of all applications, or 8.3% 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 Farmers State Bank of Hoffman'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