Finance of America Reverse in Illinois vs the state
9.8%Denial rate-7.36 pts vs state
12.2%Decision denial rate-9.47 pts vs state
67.7%Origination rate+8.94 pts vs state
6.50%Median rate-0.25 pts vs state
—Rate spread (pts)
$31kMedian applicant income
111Loans originated
16Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 188 | 106 | 21.3% | 7.79% | #234 |
| 2024 | 144 | 101 | 9.0% | 7.34% | #277 |
| 2025 | 164 | 111 | 9.8% | 6.50% | #281 |
What Finance of America Reverse lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 82 | 52 | 9 | 11.0% |
| DuPage County | 24 | 17 | 1 | 4.2% |
| Kane County | 11 | 10 | 1 | 9.1% |
| Lake County | 11 | 5 | 2 | 18.2% |
| Will County | 9 | 8 | 1 | 11.1% |
| McHenry County | 8 | 7 | 0 | 0.0% |
| Sangamon County | 4 | 4 | 0 | 0.0% |
| Madison County | 2 | 0 | 1 | 50.0% |
| Logan County | 1 | 1 | 0 | 0.0% |
| LaSalle County | 1 | 1 | 0 | 0.0% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 164 applications in 2025, of which 111 were originated and 16 denied.
9.8% of all applications, or 12.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Finance of America Reverse originated in Illinois in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Finance of America Reverse'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