Gershman Investment in Illinois vs the state
19.0%Denial rate+1.87 pts vs state
25.9%Decision denial rate+4.18 pts vs state
54.5%Origination rate-4.27 pts vs state
6.63%Median rate-0.13 pts vs state
0.54Rate spread (pts)+0.16 pts vs state
$73kMedian applicant income
195Loans originated
68Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 366 | 214 | 17.2% | 7.00% | #141 |
| 2024 | 362 | 217 | 17.7% | 6.88% | #153 |
| 2025 | 358 | 195 | 19.0% | 6.63% | #171 |
What Gershman Investment lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Gershman Investment applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jackson County | 38 | 20 | 2 | 5.3% |
| Williamson County | 30 | 20 | 3 | 10.0% |
| Adams County | 26 | 18 | 4 | 15.4% |
| Christian County | 24 | 13 | 5 | 20.8% |
| St. Clair County | 23 | 9 | 3 | 13.0% |
| Franklin County | 21 | 13 | 1 | 4.8% |
| Madison County | 19 | 15 | 2 | 10.5% |
| Macon County | 14 | 7 | 5 | 35.7% |
| Rock Island County | 9 | 4 | 3 | 33.3% |
| Effingham County | 9 | 4 | 3 | 33.3% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 358 applications in 2025, of which 195 were originated and 68 denied.
19.0% of all applications, or 25.9% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Gershman Investment originated in Illinois in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Gershman Investment'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