Heartland Bank and Trust · Illinois · 2025

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

Heartland Bank and Trust took 1,251 mortgage applications in Illinois in 2025, ranking #69 of 1,150 lenders active in the state. It originated 70.4% of them and denied 16.1% (17.3% of the applications it decided), against a statewide denial rate of 17.1%.

1.3kApplicationsin IL
17.3%Decision denial ratestate 21.7%
7.25%Median ratestate 6.75%
$95,000Median loanstate $185,000
$144MVolume63 counties

Heartland Bank and Trust in Illinois vs the state

16.1%Denial rate-1.05 pts vs state
17.3%Decision denial rate-4.43 pts vs state
70.4%Origination rate+11.68 pts vs state
7.25%Median rate+0.50 pts vs state
0.78Rate spread (pts)+0.40 pts vs state
$90kMedian applicant income
881Loans originated
201Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,13980010.9%6.80%#63
202480559010.9%7.08%#84
20251,25188116.1%7.25%#69

What Heartland Bank and Trust lends in Illinois

By loan purpose

Home purchase 520 42% · 7.1% denied
Refinance 114 9% · 12.3% denied
Cash-out refinance 159 13% · 18.9% denied
Home improvement 215 17% · 27.0% denied
Other / HELOC 243 19% · 25.5% denied

By loan type

Conventional 1,200 96% · 16.0% denied
FHA 41 3% · 22.0% denied
VA 6 0% · 0.0% denied
USDA / RHS 4 0% · 0.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 77 38%
Credit history 75 37%
Other 20 10%
Collateral 19 9%
Unverifiable information 4 2%
Employment history 3 1%
Insufficient cash 2 1%
Incomplete application 1 0%

Where in Illinois

Counties with the most Heartland Bank and Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Sangamon County 18414120 10.9%
McLean County 14210515 10.6%
Macon County 876811 12.6%
Cook County 84699 10.7%
Bureau County 63449 14.3%
Tazewell County 583412 20.7%
LaSalle County 54379 16.7%
Logan County 44308 18.2%
Will County 43319 20.9%
Champaign County 39275 12.8%

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: 1,251 applications in 2025, of which 881 were originated and 201 denied.

16.1% of all applications, or 17.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Heartland Bank and Trust originated in Illinois in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are Heartland Bank and 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