First State Bank · Illinois · 2025

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

First State Bank took 450 mortgage applications in Illinois in 2025, ranking #141 of 1,150 lenders active in the state. It originated 84.9% of them and denied 6.7% (7.3% of the applications it decided), against a statewide denial rate of 17.1%.

450Applicationsin IL
7.3%Decision denial ratestate 21.7%
6.95%Median ratestate 6.75%
$145,000Median loanstate $185,000
$114MVolume32 counties

First State Bank in Illinois vs the state

6.7%Denial rate-10.45 pts vs state
7.3%Decision denial rate-14.40 pts vs state
84.9%Origination rate+26.15 pts vs state
6.95%Median rate+0.20 pts vs state
0.16Rate spread (pts)-0.22 pts vs state
$104kMedian applicant income
382Loans originated
30Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234724066.1%6.97%#116
20244403738.9%7.35%#133
20254503826.7%6.95%#141

What First State Bank lends in Illinois

By loan purpose

Home purchase 278 62% · 4.7% denied
Refinance 87 19% · 9.2% denied
Cash-out refinance 20 4% · 30.0% denied
Home improvement 32 7% · 0.0% denied
Other / HELOC 33 7% · 9.1% denied

By loan type

Conventional 450 100% · 6.7% denied

Why it denied Illinois applicants

Debt-to-income ratio 11 37%
Credit history 9 30%
Collateral 7 23%
Other 2 7%
Unverifiable information 1 3%

Where in Illinois

Counties with the most First State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
LaSalle County 1219411 9.1%
McLean County 1191123 2.5%
Bureau County 29204 13.8%
Cook County 25231 4.0%
Lee County 23183 13.0%
DeKalb County 23201 4.3%
Kane County 20172 10.0%
Ogle County 16141 6.3%
Champaign County 660 0.0%
DuPage County 650 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: 450 applications in 2025, of which 382 were originated and 30 denied.

6.7% of all applications, or 7.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans First State Bank originated in Illinois in 2025 was 6.95%, against a statewide median of 6.75%.

About this data. Figures are First State 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