Figure Lending · Illinois · 2025

Figure Lending in Illinois: approval rate, denial rate and rates (2025)

Figure Lending took 2,877 mortgage applications in Illinois in 2025, ranking #33 of 1,150 lenders active in the state. It originated 49.8% of them and denied 24.1% (25.2% of the applications it decided), against a statewide denial rate of 17.1%.

2.9kApplicationsin IL
25.2%Decision denial ratestate 21.7%
8.90%Median ratestate 6.75%
$55,000Median loanstate $185,000
$103MVolume92 counties

Figure Lending in Illinois vs the state

24.1%Denial rate+7.00 pts vs state
25.2%Decision denial rate+3.47 pts vs state
49.8%Origination rate-8.97 pts vs state
8.90%Median rate+2.15 pts vs state
2.57Rate spread (pts)+2.19 pts vs state
$112kMedian applicant income
1,432Loans originated
694Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,57868231.7%10.80%#45
20242,3561,11226.1%10.50%#34
20252,8771,43224.1%8.90%#33

What Figure Lending lends in Illinois

By loan purpose

Home improvement 1,010 35% · 25.8% denied
Other / HELOC 1,867 65% · 23.2% denied

By loan type

Conventional 2,877 100% · 24.1% denied

Why it denied Illinois applicants

Incomplete application 302 44%
Debt-to-income ratio 225 32%
Other 65 9%
Credit history 56 8%
Collateral 45 6%
Unverifiable information 1 0%

Where in Illinois

Counties with the most Figure Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 938439245 26.1%
DuPage County 24912454 21.7%
Will County 22811654 23.7%
Kane County 1819038 21.0%
Lake County 1698041 24.3%
McHenry County 1297125 19.4%
Winnebago County 1015524 23.8%
Madison County 734014 19.2%
St. Clair County 673917 25.4%
Kendall County 56287 12.5%

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: 2,877 applications in 2025, of which 1,432 were originated and 694 denied.

24.1% of all applications, or 25.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Figure Lending originated in Illinois in 2025 was 8.90%, against a statewide median of 6.75%.

About this data. Figures are Figure Lending'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