Mission Loans · Illinois · 2025

Mission Loans in Illinois: approval rate, denial rate and rates (2025)

Mission Loans took 479 mortgage applications in Illinois in 2025, ranking #130 of 1,150 lenders active in the state. It originated 14.2% of them and denied 3.3% (15.7% of the applications it decided), against a statewide denial rate of 17.1%.

479Applicationsin IL
15.7%Decision denial ratestate 21.7%
7.50%Median ratestate 6.75%
$155,000Median loanstate $185,000
$13MVolume37 counties

Mission Loans in Illinois vs the state

3.3%Denial rate-13.78 pts vs state
15.7%Decision denial rate-5.99 pts vs state
14.2%Origination rate-44.54 pts vs state
7.50%Median rate+0.75 pts vs state
1.52Rate spread (pts)+1.13 pts vs state
$92kMedian applicant income
68Loans originated
16Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023106124.7%6.81%#328
2024121195.0%8.75%#304
2025479683.3%7.50%#130

What Mission Loans lends in Illinois

By loan purpose

Home purchase 9 2% · 0.0% denied
Refinance 84 18% · 2.4% denied
Cash-out refinance 215 45% · 4.2% denied
Other / HELOC 171 36% · 2.9% denied

By loan type

Conventional 350 73% · 2.6% denied
FHA 116 24% · 4.3% denied
VA 13 3% · 15.4% denied

Why it denied Illinois applicants

Debt-to-income ratio 9 56%
Collateral 4 25%
Credit history 2 13%
Employment history 1 6%

Where in Illinois

Counties with the most Mission Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 216266 2.8%
Will County 4754 8.5%
DuPage County 4380 0.0%
McHenry County 2861 3.6%
Kane County 2331 4.3%
Lake County 2370 0.0%
Kendall County 1101 9.1%
Madison County 1020 0.0%
Winnebago County 1020 0.0%
St. Clair County 611 16.7%

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: 479 applications in 2025, of which 68 were originated and 16 denied.

3.3% of all applications, or 15.7% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Mission Loans originated in Illinois in 2025 was 7.50%, against a statewide median of 6.75%.

About this data. Figures are Mission Loans'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