First Horizon Bank · Illinois · 2025

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

First Horizon Bank took 10 mortgage applications in Illinois in 2025, ranking #687 of 1,150 lenders active in the state. It originated 60.0% of them and denied 30.0% (33.3% of the applications it decided), against a statewide denial rate of 17.1%.

10Applicationsin IL
33.3%Decision denial ratestate 21.7%
6.50%Median ratestate 6.75%
$255,000Median loanstate $185,000
$1.8MVolume5 counties

First Horizon Bank in Illinois vs the state

30.0%Denial rate+12.88 pts vs state
33.3%Decision denial rate+11.65 pts vs state
60.0%Origination rate+1.26 pts vs state
6.50%Median rate-0.25 pts vs state
0.09Rate spread (pts)-0.29 pts vs state
$150kMedian applicant income
6Loans originated
3Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202317823.5%7.13%#610
20249711.1%6.88%#681
202510630.0%6.50%#687

What First Horizon Bank lends in Illinois

By loan purpose

Home purchase 8 80% · 37.5% denied
Refinance 2 20% · 0.0% denied

By loan type

Conventional 10 100% · 30.0% denied

Why it denied Illinois applicants

Collateral 2 67%
Debt-to-income ratio 1 33%

Where in Illinois

Counties with the most First Horizon Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 311 33.3%
Adams County 312 66.7%
St. Clair County 220 0.0%
Monroe County 110 0.0%
Tazewell County 110 0.0%

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: 10 applications in 2025, of which 6 were originated and 3 denied.

30.0% of all applications, or 33.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

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

About this data. Figures are First Horizon 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