First Mid Bank & Trust · Illinois · 2025

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

First Mid Bank & Trust took 1,879 mortgage applications in Illinois in 2025, ranking #45 of 1,150 lenders active in the state. It originated 68.5% of them and denied 20.2% (22.7% of the applications it decided), against a statewide denial rate of 17.1%.

1.9kApplicationsin IL
22.7%Decision denial ratestate 21.7%
6.88%Median ratestate 6.75%
$105,000Median loanstate $185,000
$246MVolume70 counties

First Mid Bank & Trust in Illinois vs the state

20.2%Denial rate+3.10 pts vs state
22.7%Decision denial rate+1.01 pts vs state
68.5%Origination rate+9.75 pts vs state
6.88%Median rate+0.13 pts vs state
0.26Rate spread (pts)-0.12 pts vs state
$85kMedian applicant income
1,287Loans originated
380Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,13078819.5%7.25%#65
20241,8631,30217.3%7.13%#40
20251,8791,28720.2%6.88%#45

What First Mid Bank & Trust lends in Illinois

By loan purpose

Home purchase 948 50% · 10.7% denied
Refinance 187 10% · 24.1% denied
Cash-out refinance 123 7% · 22.8% denied
Home improvement 424 23% · 31.4% denied
Other / HELOC 197 10% · 37.1% denied

By loan type

Conventional 1,763 94% · 20.3% denied
FHA 76 4% · 19.7% denied
VA 14 1% · 14.3% denied
USDA / RHS 26 1% · 23.1% denied

Why it denied Illinois applicants

Debt-to-income ratio 131 34%
Credit history 124 33%
Collateral 47 12%
Incomplete application 33 9%
Other 30 8%
Employment history 8 2%
Unverifiable information 5 1%
Insufficient cash 2 1%

Where in Illinois

Counties with the most First Mid Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Winnebago County 55340988 15.9%
Madison County 19812946 23.2%
Coles County 16811937 22.0%
Boone County 1369826 19.1%
Champaign County 765016 21.1%
Macon County 60389 15.0%
Edgar County 553019 34.5%
Clark County 543614 25.9%
Knox County 38269 23.7%
Williamson County 32254 12.5%

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: 1,879 applications in 2025, of which 1,287 were originated and 380 denied.

20.2% of all applications, or 22.7% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans First Mid Bank & Trust originated in Illinois in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are First Mid Bank & Trust'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