Nations Lending · Illinois · 2025

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

Nations Lending took 281 mortgage applications in Illinois in 2025, ranking #198 of 1,150 lenders active in the state. It originated 74.7% of them and denied 7.8% (8.4% of the applications it decided), against a statewide denial rate of 17.1%.

281Applicationsin IL
8.4%Decision denial ratestate 21.7%
6.75%Median ratestate 6.75%
$265,000Median loanstate $185,000
$62MVolume35 counties

Nations Lending in Illinois vs the state

7.8%Denial rate-9.29 pts vs state
8.4%Decision denial rate-13.28 pts vs state
74.7%Origination rate+15.99 pts vs state
6.75%Median rate0.00 pts vs state
0.46Rate spread (pts)+0.07 pts vs state
$102kMedian applicant income
210Loans originated
22Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237125744.5%6.75%#84
20243102317.1%6.75%#176
20252812107.8%6.75%#198

What Nations Lending lends in Illinois

By loan purpose

Home purchase 176 63% · 6.8% denied
Refinance 59 21% · 6.8% denied
Cash-out refinance 46 16% · 13.0% denied

By loan type

Conventional 170 60% · 7.7% denied
FHA 92 33% · 9.8% denied
VA 19 7% · 0.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 7 32%
Collateral 6 27%
Other 3 14%
Credit history 3 14%
Incomplete application 2 9%
Employment history 1 5%

Where in Illinois

Counties with the most Nations Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1279214 11.0%
McHenry County 31300 0.0%
Will County 23142 8.7%
DuPage County 16131 6.3%
Lake County 1392 15.4%
Kane County 12100 0.0%
Madison County 1050 0.0%
St. Clair County 651 16.7%
Kankakee County 411 25.0%
Boone County 431 25.0%

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: 281 applications in 2025, of which 210 were originated and 22 denied.

7.8% of all applications, or 8.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

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

About this data. Figures are Nations Lending'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