First Bank · Illinois · 2025

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

First Bank took 61 mortgage applications in Illinois in 2025, ranking #429 of 1,150 lenders active in the state. It originated 67.2% of them and denied 21.3% (24.1% of the applications it decided), against a statewide denial rate of 17.1%.

61Applicationsin IL
24.1%Decision denial ratestate 21.7%
7.25%Median ratestate 6.75%
$95,000Median loanstate $185,000
$6.8MVolume19 counties

First Bank in Illinois vs the state

21.3%Denial rate+4.19 pts vs state
24.1%Decision denial rate+2.39 pts vs state
67.2%Origination rate+8.47 pts vs state
7.25%Median rate+0.50 pts vs state
0.80Rate spread (pts)+0.42 pts vs state
$93kMedian applicant income
41Loans originated
13Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231054944.8%6.25%#330
2024633139.7%7.13%#413
2025614121.3%7.25%#429

What First Bank lends in Illinois

By loan purpose

Home purchase 19 31% · 0.0% denied
Refinance 9 15% · 33.3% denied
Cash-out refinance 8 13% · 12.5% denied
Home improvement 8 13% · 50.0% denied
Other / HELOC 17 28% · 29.4% denied

By loan type

Conventional 52 85% · 25.0% denied
FHA 8 13% · 0.0% denied
VA 1 2% · 0.0% denied

Why it denied Illinois applicants

Credit history 7 54%
Unverifiable information 2 15%
Debt-to-income ratio 2 15%
Incomplete application 1 8%
Other 1 8%

Where in Illinois

Counties with the most First Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Clair County 18108 44.4%
Madison County 15121 6.7%
Monroe County 541 20.0%
Randolph County 420 0.0%
Cook County 320 0.0%
Macoupin County 312 66.7%
Tazewell County 110 0.0%
Lake County 110 0.0%
Williamson County 110 0.0%
Macon County 101 100.0%

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: 61 applications in 2025, of which 41 were originated and 13 denied.

21.3% of all applications, or 24.1% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans First Bank originated in Illinois in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are First 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