Lower in Illinois vs the state
8.5%Denial rate-8.60 pts vs state
11.3%Decision denial rate-10.34 pts vs state
65.9%Origination rate+7.13 pts vs state
6.75%Median rate0.00 pts vs state
0.48Rate spread (pts)+0.10 pts vs state
$117kMedian applicant income
1,191Loans originated
154Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 825 | 591 | 11.6% | 7.13% | #77 |
| 2024 | 1,742 | 1,108 | 9.2% | 6.99% | #45 |
| 2025 | 1,808 | 1,191 | 8.5% | 6.75% | #46 |
What Lower lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 574 | 316 | 75 | 13.1% |
| Kane County | 152 | 116 | 4 | 2.6% |
| DuPage County | 149 | 108 | 7 | 4.7% |
| Will County | 142 | 89 | 10 | 7.0% |
| Macon County | 131 | 112 | 2 | 1.5% |
| Lake County | 114 | 71 | 10 | 8.8% |
| Rock Island County | 99 | 77 | 5 | 5.1% |
| McHenry County | 75 | 61 | 2 | 2.7% |
| Madison County | 48 | 34 | 2 | 4.2% |
| St. Clair County | 40 | 24 | 4 | 10.0% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 1,808 applications in 2025, of which 1,191 were originated and 154 denied.
8.5% of all applications, or 11.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Lower originated in Illinois in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Lower'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