KeyBank · Illinois · 2025

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

KeyBank took 22 mortgage applications in Illinois in 2025, ranking #580 of 1,150 lenders active in the state. It originated 63.6% of them and denied 22.7% (26.3% of the applications it decided), against a statewide denial rate of 17.1%.

22Applicationsin IL
26.3%Decision denial ratestate 21.7%
6.56%Median ratestate 6.75%
$340,000Median loanstate $185,000
$7.5MVolume9 counties

KeyBank in Illinois vs the state

22.7%Denial rate+5.61 pts vs state
26.3%Decision denial rate+4.64 pts vs state
63.6%Origination rate+4.90 pts vs state
6.56%Median rate-0.19 pts vs state
-0.03Rate spread (pts)-0.41 pts vs state
$209kMedian applicant income
14Loans originated
5Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023281521.4%6.88%#546
202420730.0%6.25%#586
2025221422.7%6.56%#580

What KeyBank lends in Illinois

By loan purpose

Home purchase 16 73% · 31.3% denied
Refinance 5 23% · 0.0% denied
Other / HELOC 1 5% · 0.0% denied

By loan type

Conventional 22 100% · 22.7% denied

Why it denied Illinois applicants

Incomplete application 4 80%
Debt-to-income ratio 1 20%

Where in Illinois

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 953 33.3%
DuPage County 431 25.0%
Lake County 330 0.0%
Kane County 110 0.0%
Clark County 110 0.0%
McLean County 100 0.0%
McHenry County 110 0.0%
Will County 101 100.0%
Rock Island County 100 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: 22 applications in 2025, of which 14 were originated and 5 denied.

22.7% of all applications, or 26.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans KeyBank originated in Illinois in 2025 was 6.56%, against a statewide median of 6.75%.

About this data. Figures are KeyBank'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