Illinois State · Illinois · 2025

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

Illinois State took 221 mortgage applications in Illinois in 2025, ranking #235 of 1,150 lenders active in the state. It originated 92.8% of them and denied 3.6% (3.8% of the applications it decided), against a statewide denial rate of 17.1%.

221Applicationsin IL
3.8%Decision denial ratestate 21.7%
6.38%Median ratestate 6.75%
$125,000Median loanstate $185,000
$31MVolume22 counties

Illinois State in Illinois vs the state

3.6%Denial rate-13.50 pts vs state
3.8%Decision denial rate-17.92 pts vs state
92.8%Origination rate+34.02 pts vs state
6.38%Median rate-0.38 pts vs state
0.07Rate spread (pts)-0.32 pts vs state
$94kMedian applicant income
205Loans originated
8Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231971667.1%6.50%#225
20241561356.4%6.38%#268
20252212053.6%6.38%#235

What Illinois State lends in Illinois

By loan purpose

Home purchase 85 38% · 1.2% denied
Refinance 72 33% · 5.6% denied
Cash-out refinance 48 22% · 2.1% denied
Home improvement 15 7% · 13.3% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 221 100% · 3.6% denied

Why it denied Illinois applicants

Credit history 4 50%
Debt-to-income ratio 4 50%

Where in Illinois

Counties with the most Illinois State applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
McLean County 1201113 2.5%
Winnebago County 36342 5.6%
LaSalle County 1091 10.0%
Cook County 990 0.0%
Tazewell County 880 0.0%
Woodford County 660 0.0%
DuPage County 660 0.0%
Will County 440 0.0%
Livingston County 330 0.0%
Stephenson County 220 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: 221 applications in 2025, of which 205 were originated and 8 denied.

3.6% of all applications, or 3.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Illinois State originated in Illinois in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are Illinois State'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