M/i Financial in Illinois vs the state
3.7%Denial rate-13.40 pts vs state
4.0%Decision denial rate-17.69 pts vs state
78.0%Origination rate+19.22 pts vs state
5.88%Median rate-0.88 pts vs state
-0.61Rate spread (pts)-1.00 pts vs state
$160kMedian applicant income
566Loans originated
27Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 530 | 410 | 4.9% | 6.25% | #104 |
| 2024 | 664 | 489 | 4.7% | 6.00% | #97 |
| 2025 | 726 | 566 | 3.7% | 5.88% | #101 |
What M/i Financial lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most M/i Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Will County | 213 | 164 | 5 | 2.3% |
| Kane County | 159 | 123 | 9 | 5.7% |
| Kendall County | 109 | 93 | 5 | 4.6% |
| McHenry County | 87 | 71 | 1 | 1.1% |
| DuPage County | 69 | 47 | 3 | 4.3% |
| Lake County | 47 | 34 | 0 | 0.0% |
| Cook County | 42 | 34 | 4 | 9.5% |
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: 726 applications in 2025, of which 566 were originated and 27 denied.
3.7% of all applications, or 4.0% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans M/i Financial originated in Illinois in 2025 was 5.88%, against a statewide median of 6.75%.
About this data. Figures are M/i Financial'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