Heartland · Illinois · 2025

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

Heartland took 482 mortgage applications in Illinois in 2025, ranking #129 of 1,150 lenders active in the state. It originated 80.3% of them and denied 7.5% (8.4% of the applications it decided), against a statewide denial rate of 17.1%.

482Applicationsin IL
8.4%Decision denial ratestate 21.7%
7.00%Median ratestate 6.75%
$85,000Median loanstate $185,000
$45MVolume25 counties

Heartland in Illinois vs the state

7.5%Denial rate-9.65 pts vs state
8.4%Decision denial rate-13.27 pts vs state
80.3%Origination rate+21.55 pts vs state
7.00%Median rate+0.25 pts vs state
0.17Rate spread (pts)-0.21 pts vs state
$98kMedian applicant income
387Loans originated
36Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231771547.3%6.38%#244
20241961594.1%6.38%#227
20254823877.5%7.00%#129

What Heartland lends in Illinois

By loan purpose

Home purchase 165 34% · 3.0% denied
Refinance 24 5% · 4.2% denied
Cash-out refinance 284 59% · 9.5% denied
Other / HELOC 9 2% · 33.3% denied

By loan type

Conventional 482 100% · 7.5% denied

Why it denied Illinois applicants

Debt-to-income ratio 17 47%
Credit history 10 28%
Collateral 7 19%
Employment history 1 3%
Unverifiable information 1 3%

Where in Illinois

Counties with the most Heartland applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Sangamon County 38431128 7.3%
Menard County 15141 6.7%
Macoupin County 15130 0.0%
Christian County 14121 7.1%
Morgan County 1172 18.2%
Logan County 550 0.0%
Macon County 530 0.0%
McLean County 521 20.0%
Montgomery County 321 33.3%
Mason County 320 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: 482 applications in 2025, of which 387 were originated and 36 denied.

7.5% of all applications, or 8.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Heartland originated in Illinois in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are Heartland'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