Midwest Bank · Illinois · 2025

Midwest Bank in Illinois: approval rate, denial rate and rates (2025)

Midwest Bank took 211 mortgage applications in Illinois in 2025, ranking #242 of 1,150 lenders active in the state. It originated 92.9% of them and denied 2.8% (2.9% of the applications it decided), against a statewide denial rate of 17.1%.

211Applicationsin IL
2.9%Decision denial ratestate 21.7%
Median ratestate 6.75%
$85,000Median loanstate $185,000
$25MVolume15 counties

Midwest Bank in Illinois vs the state

2.8%Denial rate-14.28 pts vs state
2.9%Decision denial rate-18.82 pts vs state
92.9%Origination rate+34.15 pts vs state
Median rate
Rate spread (pts)
$64kMedian applicant income
196Loans originated
6Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231431295.6%#275
20241701575.3%#253
20252111962.8%#242

What Midwest Bank lends in Illinois

By loan purpose

Home purchase 118 56% · 1.7% denied
Refinance 23 11% · 13.0% denied
Cash-out refinance 63 30% · 1.6% denied
Home improvement 7 3% · 0.0% denied

By loan type

Conventional 211 100% · 2.8% denied

Where in Illinois

Counties with the most Midwest Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Knox County 61590 0.0%
Warren County 48422 4.2%
Rock Island County 29272 6.9%
Mercer County 18142 11.1%
Peoria County 17170 0.0%
Henderson County 12120 0.0%
McDonough County 980 0.0%
Fulton County 550 0.0%
Henry County 440 0.0%
Tazewell 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: 211 applications in 2025, of which 196 were originated and 6 denied.

2.8% of all applications, or 2.9% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Midwest Bank'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