IAA Credit Union · Illinois · 2025

IAA Credit Union in Illinois: approval rate, denial rate and rates (2025)

IAA Credit Union took 82 mortgage applications in Illinois in 2025, ranking #380 of 1,150 lenders active in the state. It originated 87.8% of them and denied 6.1% (6.5% of the applications it decided), against a statewide denial rate of 17.1%.

82Applicationsin IL
6.5%Decision denial ratestate 21.7%
6.44%Median ratestate 6.75%
$185,000Median loanstate $185,000
$16MVolume28 counties

IAA Credit Union in Illinois vs the state

6.1%Denial rate-11.02 pts vs state
6.5%Decision denial rate-15.19 pts vs state
87.8%Origination rate+29.06 pts vs state
6.44%Median rate-0.31 pts vs state
0.10Rate spread (pts)-0.28 pts vs state
$126kMedian applicant income
72Loans originated
5Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202392821.1%6.50%#351
202486762.3%6.50%#358
202582726.1%6.44%#380

What IAA Credit Union lends in Illinois

By loan purpose

Home purchase 47 57% · 2.1% denied
Refinance 20 24% · 10.0% denied
Cash-out refinance 15 18% · 13.3% denied

By loan type

Conventional 82 100% · 6.1% denied

Why it denied Illinois applicants

Debt-to-income ratio 3 60%
Credit history 1 20%
Incomplete application 1 20%

Where in Illinois

Counties with the most IAA Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
McLean County 48412 4.2%
Woodford County 330 0.0%
Tazewell County 330 0.0%
Will County 220 0.0%
Sangamon County 220 0.0%
Cook County 211 50.0%
McHenry County 101 100.0%
Champaign County 110 0.0%
Henry County 110 0.0%
Winnebago 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: 82 applications in 2025, of which 72 were originated and 5 denied.

6.1% of all applications, or 6.5% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans IAA Credit Union originated in Illinois in 2025 was 6.44%, against a statewide median of 6.75%.

About this data. Figures are IAA Credit Union'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