Manufacturers and Traders Trust · Illinois · 2025

Manufacturers and Traders Trust in Illinois: approval rate, denial rate and rates (2025)

Manufacturers and Traders Trust took 138 mortgage applications in Illinois in 2025, ranking #305 of 1,150 lenders active in the state. It originated 39.9% of them and denied 17.4% (28.6% of the applications it decided), against a statewide denial rate of 17.1%.

138Applicationsin IL
28.6%Decision denial ratestate 21.7%
6.13%Median ratestate 6.75%
$190,000Median loanstate $185,000
$15MVolume31 counties

Manufacturers and Traders Trust in Illinois vs the state

17.4%Denial rate+0.27 pts vs state
28.6%Decision denial rate+6.89 pts vs state
39.9%Origination rate-18.88 pts vs state
6.13%Median rate-0.63 pts vs state
0.16Rate spread (pts)-0.22 pts vs state
$87kMedian applicant income
55Loans originated
24Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231104532.7%6.63%#323
2024854221.2%6.31%#359
20251385517.4%6.13%#305

What Manufacturers and Traders Trust lends in Illinois

By loan purpose

Home purchase 26 19% · 15.4% denied
Refinance 17 12% · 17.7% denied
Cash-out refinance 63 46% · 20.6% denied
Home improvement 1 1% · 0.0% denied
Other / HELOC 31 22% · 12.9% denied

By loan type

Conventional 53 38% · 9.4% denied
FHA 74 54% · 24.3% denied
VA 9 7% · 0.0% denied
USDA / RHS 2 1% · 50.0% denied

Why it denied Illinois applicants

Other 10 42%
Credit history 9 38%
Debt-to-income ratio 4 17%
Unverifiable information 1 4%

Where in Illinois

Counties with the most Manufacturers and Traders Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 712414 19.7%
Will County 841 12.5%
Kane County 721 14.3%
Lake County 530 0.0%
St. Clair County 420 0.0%
Madison County 420 0.0%
DuPage County 431 25.0%
Champaign County 311 33.3%
Winnebago County 311 33.3%
McHenry 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: 138 applications in 2025, of which 55 were originated and 24 denied.

17.4% of all applications, or 28.6% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Manufacturers and Traders Trust originated in Illinois in 2025 was 6.13%, against a statewide median of 6.75%.

About this data. Figures are Manufacturers and Traders Trust'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