Member First Mortgage · Illinois · 2025

Member First Mortgage in Illinois: approval rate, denial rate and rates (2025)

Member First Mortgage took 250 mortgage applications in Illinois in 2025, ranking #220 of 1,150 lenders active in the state. It originated 44.0% of them and denied 14.8% (23.4% of the applications it decided), against a statewide denial rate of 17.1%.

250Applicationsin IL
23.4%Decision denial ratestate 21.7%
6.19%Median ratestate 6.75%
$245,000Median loanstate $185,000
$34MVolume33 counties

Member First Mortgage in Illinois vs the state

14.8%Denial rate-2.32 pts vs state
23.4%Decision denial rate+1.74 pts vs state
44.0%Origination rate-14.74 pts vs state
6.19%Median rate-0.56 pts vs state
0.08Rate spread (pts)-0.30 pts vs state
$114kMedian applicant income
110Loans originated
37Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231014012.9%6.63%#336
20241677419.2%6.50%#258
202525011014.8%6.19%#220

What Member First Mortgage lends in Illinois

By loan purpose

Home purchase 139 56% · 8.6% denied
Refinance 52 21% · 21.2% denied
Cash-out refinance 50 20% · 22.0% denied
Home improvement 6 2% · 33.3% denied
Other / HELOC 3 1% · 33.3% denied

By loan type

Conventional 198 79% · 11.6% denied
FHA 43 17% · 27.9% denied
VA 4 2% · 50.0% denied
USDA / RHS 5 2% · 0.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 11 30%
Credit history 10 27%
Collateral 8 22%
Other 5 14%
Insufficient cash 1 3%
Unverifiable information 1 3%
Incomplete application 1 3%

Where in Illinois

Counties with the most Member First Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1255318 14.4%
DuPage County 1691 6.3%
Champaign County 1491 7.1%
Sangamon County 1152 18.2%
Williamson County 1025 50.0%
Lake County 950 0.0%
Vermilion County 832 25.0%
Will County 710 0.0%
Jackson County 541 20.0%
McHenry County 420 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: 250 applications in 2025, of which 110 were originated and 37 denied.

14.8% of all applications, or 23.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Member First Mortgage originated in Illinois in 2025 was 6.19%, against a statewide median of 6.75%.

About this data. Figures are Member First Mortgage'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