Hometown Equity Mortgage · Illinois · 2025

Hometown Equity Mortgage in Illinois: approval rate, denial rate and rates (2025)

Hometown Equity Mortgage took 227 mortgage applications in Illinois in 2025, ranking #231 of 1,150 lenders active in the state. It originated 49.8% of them and denied 44.5% (46.1% of the applications it decided), against a statewide denial rate of 17.1%.

227Applicationsin IL
46.1%Decision denial ratestate 21.7%
7.50%Median ratestate 6.75%
$275,000Median loanstate $185,000
$35MVolume18 counties

Hometown Equity Mortgage in Illinois vs the state

44.5%Denial rate+27.37 pts vs state
46.1%Decision denial rate+24.44 pts vs state
49.8%Origination rate-8.96 pts vs state
7.50%Median rate+0.75 pts vs state
1.15Rate spread (pts)+0.77 pts vs state
$98kMedian applicant income
113Loans originated
101Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231193155.5%8.63%#305
20241145054.4%7.88%#318
202522711344.5%7.50%#231

What Hometown Equity Mortgage lends in Illinois

By loan purpose

Home purchase 105 46% · 39.1% denied
Refinance 21 9% · 42.9% denied
Cash-out refinance 101 44% · 50.5% denied

By loan type

Conventional 209 92% · 45.0% denied
FHA 18 8% · 38.9% denied

Why it denied Illinois applicants

Incomplete application 70 69%
Collateral 19 19%
Credit history 11 11%
Debt-to-income ratio 1 1%

Where in Illinois

Counties with the most Hometown Equity Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1648275 45.7%
Lake County 1174 36.4%
Will County 1045 50.0%
DuPage County 862 25.0%
Winnebago County 742 28.6%
McHenry County 633 50.0%
Kankakee County 404 100.0%
Peoria County 301 33.3%
Kane County 210 0.0%
Madison County 202 100.0%

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: 227 applications in 2025, of which 113 were originated and 101 denied.

44.5% of all applications, or 46.1% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Hometown Equity Mortgage originated in Illinois in 2025 was 7.50%, against a statewide median of 6.75%.

About this data. Figures are Hometown Equity Mortgage'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