First American Bank · Illinois · 2025

First American Bank in Illinois: approval rate, denial rate and rates (2025)

First American Bank took 3,511 mortgage applications in Illinois in 2025, ranking #27 of 1,150 lenders active in the state. It originated 59.0% of them and denied 28.3% (31.8% of the applications it decided), against a statewide denial rate of 17.1%.

3.5kApplicationsin IL
31.8%Decision denial ratestate 21.7%
7.00%Median ratestate 6.75%
$105,000Median loanstate $185,000
$342MVolume34 counties

First American Bank in Illinois vs the state

28.3%Denial rate+11.13 pts vs state
31.8%Decision denial rate+10.15 pts vs state
59.0%Origination rate+0.27 pts vs state
7.00%Median rate+0.25 pts vs state
0.17Rate spread (pts)-0.21 pts vs state
$120kMedian applicant income
2,072Loans originated
992Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,2991,83229.5%8.25%#20
20243,7372,07930.6%8.24%#23
20253,5112,07228.3%7.00%#27

What First American Bank lends in Illinois

By loan purpose

Home purchase 417 12% · 17.0% denied
Refinance 901 26% · 24.9% denied
Cash-out refinance 230 7% · 27.4% denied
Home improvement 1,203 34% · 28.8% denied
Other / HELOC 760 22% · 37.9% denied

By loan type

Conventional 3,485 99% · 28.1% denied
FHA 25 1% · 56.0% denied
VA 1 0% · 0.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 649 65%
Credit history 239 24%
Collateral 72 7%
Other 26 3%
Insufficient cash 5 1%
Employment history 1 0%

Where in Illinois

Counties with the most First American Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1,601862528 33.0%
DuPage County 526345122 23.2%
Will County 349199105 30.1%
Kane County 33223863 19.0%
Lake County 32919485 25.8%
McHenry County 1359332 23.7%
Kankakee County 784424 30.8%
Kendall County 624015 24.2%
DeKalb County 21132 9.5%
Winnebago County 16131 6.3%

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: 3,511 applications in 2025, of which 2,072 were originated and 992 denied.

28.3% of all applications, or 31.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans First American Bank originated in Illinois in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are First American Bank'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