Marine Credit Union · Illinois · 2025

Marine Credit Union in Illinois: approval rate, denial rate and rates (2025)

Marine Credit Union took 95 mortgage applications in Illinois in 2025, ranking #354 of 1,150 lenders active in the state. It originated 24.2% of them and denied 47.4% (59.2% of the applications it decided), against a statewide denial rate of 17.1%.

95Applicationsin IL
59.2%Decision denial ratestate 21.7%
9.61%Median ratestate 6.75%
$105,000Median loanstate $185,000
$2.9MVolume16 counties

Marine Credit Union in Illinois vs the state

47.4%Denial rate+30.25 pts vs state
59.2%Decision denial rate+37.53 pts vs state
24.2%Origination rate-34.53 pts vs state
9.61%Median rate+2.86 pts vs state
3.49Rate spread (pts)+3.11 pts vs state
$79kMedian applicant income
23Loans originated
45Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023882234.1%8.81%#360
2024892738.2%9.63%#355
2025952347.4%9.61%#354

What Marine Credit Union lends in Illinois

By loan purpose

Home purchase 33 35% · 42.4% denied
Refinance 16 17% · 50.0% denied
Cash-out refinance 46 48% · 50.0% denied

By loan type

Conventional 95 100% · 47.4% denied

Why it denied Illinois applicants

Debt-to-income ratio 19 42%
Credit history 18 40%
Incomplete application 3 7%
Collateral 3 7%
Other 1 2%
Insufficient cash 1 2%

Where in Illinois

Counties with the most Marine Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Rock Island County 481223 47.9%
Mercer County 1427 50.0%
Lake County 714 57.1%
Winnebago County 613 50.0%
Whiteside County 514 80.0%
Henry County 301 33.3%
Stephenson County 211 50.0%
Mason County 220 0.0%
Carroll County 100 0.0%
Cook 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: 95 applications in 2025, of which 23 were originated and 45 denied.

47.4% of all applications, or 59.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Marine Credit Union originated in Illinois in 2025 was 9.61%, against a statewide median of 6.75%.

About this data. Figures are Marine Credit Union'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