Key Mortgage Services · Illinois · 2025

Key Mortgage Services in Illinois: approval rate, denial rate and rates (2025)

Key Mortgage Services took 1,767 mortgage applications in Illinois in 2025, ranking #47 of 1,150 lenders active in the state. It originated 78.2% of them and denied 2.9% (3.4% of the applications it decided), against a statewide denial rate of 17.1%.

1.8kApplicationsin IL
3.4%Decision denial ratestate 21.7%
6.75%Median ratestate 6.75%
$305,000Median loanstate $185,000
$484MVolume20 counties

Key Mortgage Services in Illinois vs the state

2.9%Denial rate-14.18 pts vs state
3.4%Decision denial rate-18.32 pts vs state
78.2%Origination rate+19.47 pts vs state
6.75%Median rate0.00 pts vs state
0.30Rate spread (pts)-0.09 pts vs state
$130kMedian applicant income
1,382Loans originated
52Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,8041,4344.1%6.75%#39
20241,9201,3923.5%6.88%#38
20251,7671,3822.9%6.75%#47

What Key Mortgage Services lends in Illinois

By loan purpose

Home purchase 1,620 92% · 3.1% denied
Refinance 126 7% · 0.8% denied
Cash-out refinance 16 1% · 6.3% denied
Home improvement 5 0% · 0.0% denied

By loan type

Conventional 1,595 90% · 2.1% denied
FHA 135 8% · 12.6% denied
VA 37 2% · 2.7% denied

Why it denied Illinois applicants

Debt-to-income ratio 14 27%
Collateral 11 21%
Credit history 11 21%
Other 9 17%
Employment history 6 12%
Unverifiable information 1 2%

Where in Illinois

Counties with the most Key Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 82860642 5.1%
DuPage County 2422002 0.8%
Kane County 1781481 0.6%
Lake County 1571253 1.9%
Will County 1371141 0.7%
McHenry County 126991 0.8%
Kendall County 34300 0.0%
DeKalb County 22210 0.0%
Winnebago County 980 0.0%
Grundy County 770 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: 1,767 applications in 2025, of which 1,382 were originated and 52 denied.

2.9% of all applications, or 3.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Key Mortgage Services originated in Illinois in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are Key Mortgage Services'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