First Federal Bank · Illinois · 2025

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

First Federal Bank took 280 mortgage applications in Illinois in 2025, ranking #200 of 1,150 lenders active in the state. It originated 58.2% of them and denied 13.2% (18.5% of the applications it decided), against a statewide denial rate of 17.1%.

280Applicationsin IL
18.5%Decision denial ratestate 21.7%
6.50%Median ratestate 6.75%
$295,000Median loanstate $185,000
$49MVolume30 counties

First Federal Bank in Illinois vs the state

13.2%Denial rate-3.91 pts vs state
18.5%Decision denial rate-3.18 pts vs state
58.2%Origination rate-0.53 pts vs state
6.50%Median rate-0.25 pts vs state
0.22Rate spread (pts)-0.16 pts vs state
$123kMedian applicant income
163Loans originated
37Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231358714.8%7.00%#282
202425015910.8%6.63%#202
202528016313.2%6.50%#200

What First Federal Bank lends in Illinois

By loan purpose

Home purchase 234 84% · 11.1% denied
Refinance 21 8% · 23.8% denied
Cash-out refinance 23 8% · 26.1% denied
Other / HELOC 2 1% · 0.0% denied

By loan type

Conventional 216 77% · 13.4% denied
FHA 27 10% · 14.8% denied
VA 37 13% · 10.8% denied

Why it denied Illinois applicants

Debt-to-income ratio 17 46%
Incomplete application 6 16%
Credit history 5 14%
Collateral 5 14%
Unverifiable information 2 5%
Employment history 1 3%
Other 1 3%

Where in Illinois

Counties with the most First Federal Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 893414 15.7%
DuPage County 29163 10.3%
Rock Island County 27196 22.2%
Will County 2486 25.0%
Winnebago County 21174 19.0%
Lake County 19150 0.0%
McHenry County 1270 0.0%
Kane County 1072 20.0%
Henry County 980 0.0%
Madison County 541 20.0%

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: 280 applications in 2025, of which 163 were originated and 37 denied.

13.2% of all applications, or 18.5% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans First Federal Bank originated in Illinois in 2025 was 6.50%, against a statewide median of 6.75%.

About this data. Figures are First Federal 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