Granite Bank · Illinois · 2025

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

Granite Bank took 38 mortgage applications in Illinois in 2025, ranking #498 of 1,150 lenders active in the state. It originated 73.7% of them and denied 2.6% (3.2% of the applications it decided), against a statewide denial rate of 17.1%.

38Applicationsin IL
3.2%Decision denial ratestate 21.7%
7.44%Median ratestate 6.75%
$120,000Median loanstate $185,000
$3.8MVolume7 counties

Granite Bank in Illinois vs the state

2.6%Denial rate-14.49 pts vs state
3.2%Decision denial rate-18.45 pts vs state
73.7%Origination rate+14.94 pts vs state
7.44%Median rate+0.69 pts vs state
1.76Rate spread (pts)+1.38 pts vs state
$65kMedian applicant income
28Loans originated
1Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202424190.0%6.75%#562
202538282.6%7.44%#498

What Granite Bank lends in Illinois

By loan purpose

Home purchase 37 97% · 2.7% denied
Refinance 1 3% · 0.0% denied

By loan type

Conventional 21 55% · 0.0% denied
FHA 13 34% · 7.7% denied
VA 3 8% · 0.0% denied
USDA / RHS 1 3% · 0.0% denied

Why it denied Illinois applicants

Credit history 1 100%

Where in Illinois

Counties with the most Granite Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Rock Island County 23151 4.3%
Henry County 770 0.0%
Mercer County 330 0.0%
Cook County 210 0.0%
Lake County 110 0.0%
Madison County 100 0.0%
DuPage 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: 38 applications in 2025, of which 28 were originated and 1 denied.

2.6% of all applications, or 3.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Granite Bank originated in Illinois in 2025 was 7.44%, against a statewide median of 6.75%.

About this data. Figures are Granite 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