Midwest Heritage Bank · Illinois · 2025

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

Midwest Heritage Bank took 11 mortgage applications in Illinois in 2025, ranking #679 of 1,150 lenders active in the state. It originated 63.6% of them and denied 27.3% (30.0% of the applications it decided), against a statewide denial rate of 17.1%.

11Applicationsin IL
30.0%Decision denial ratestate 21.7%
Median ratestate 6.75%
$115,000Median loanstate $185,000
$1.8MVolume9 counties

Midwest Heritage Bank in Illinois vs the state

27.3%Denial rate+10.15 pts vs state
30.0%Decision denial rate+8.32 pts vs state
63.6%Origination rate+4.90 pts vs state
Median rate
Rate spread (pts)
$160kMedian applicant income
7Loans originated
3Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236516.7%7.75%#761
2024660.0%#736
202511727.3%#679

What Midwest Heritage Bank lends in Illinois

By loan purpose

Home purchase 7 64% · 14.3% denied
Refinance 1 9% · 100.0% denied
Home improvement 1 9% · 0.0% denied
Other / HELOC 2 18% · 50.0% denied

By loan type

Conventional 11 100% · 27.3% denied

Why it denied Illinois applicants

Employment history 1 33%
Debt-to-income ratio 1 33%
Credit history 1 33%

Where in Illinois

Counties with the most Midwest Heritage Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fulton County 210 0.0%
Rock Island County 211 50.0%
Sangamon County 110 0.0%
Knox County 101 100.0%
Adams County 110 0.0%
Peoria County 110 0.0%
Kane County 110 0.0%
Scott County 101 100.0%
Ogle County 110 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: 11 applications in 2025, of which 7 were originated and 3 denied.

27.3% of all applications, or 30.0% 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 Heritage 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