Nations Direct Mortgage · Illinois · 2025

Nations Direct Mortgage in Illinois: approval rate, denial rate and rates (2025)

Nations Direct Mortgage took 276 mortgage applications in Illinois in 2025, ranking #204 of 1,150 lenders active in the state. It originated 68.8% of them and denied 7.3% (9.5% of the applications it decided), against a statewide denial rate of 17.1%.

276Applicationsin IL
9.5%Decision denial ratestate 21.7%
6.87%Median ratestate 6.75%
$255,000Median loanstate $185,000
$60MVolume24 counties

Nations Direct Mortgage in Illinois vs the state

7.3%Denial rate-9.87 pts vs state
9.5%Decision denial rate-12.16 pts vs state
68.8%Origination rate+10.10 pts vs state
6.87%Median rate+0.12 pts vs state
0.45Rate spread (pts)+0.07 pts vs state
$120kMedian applicant income
190Loans originated
20Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231206220.8%6.81%#302
2024106658.5%7.00%#327
20252761907.3%6.87%#204

What Nations Direct Mortgage lends in Illinois

By loan purpose

Home purchase 208 75% · 6.7% denied
Refinance 25 9% · 8.0% denied
Cash-out refinance 43 16% · 9.3% denied

By loan type

Conventional 215 78% · 3.7% denied
FHA 49 18% · 22.5% denied
VA 12 4% · 8.3% denied

Why it denied Illinois applicants

Credit history 6 30%
Debt-to-income ratio 5 25%
Collateral 3 15%
Other 3 15%
Unverifiable information 1 5%
Employment history 1 5%
Insufficient cash 1 5%

Where in Illinois

Counties with the most Nations Direct Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 124819 7.3%
Williamson County 35280 0.0%
DuPage County 18131 5.6%
McHenry County 17121 5.9%
Lake County 17121 5.9%
St. Clair County 16120 0.0%
Kane County 1081 10.0%
Madison County 814 50.0%
Will County 540 0.0%
Jackson County 422 50.0%

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: 276 applications in 2025, of which 190 were originated and 20 denied.

7.3% of all applications, or 9.5% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Nations Direct Mortgage originated in Illinois in 2025 was 6.87%, against a statewide median of 6.75%.

About this data. Figures are Nations Direct 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