NexBank in Illinois vs the state
10.9%Denial rate-6.22 pts vs state
12.7%Decision denial rate-8.99 pts vs state
73.4%Origination rate+14.66 pts vs state
6.88%Median rate+0.13 pts vs state
0.44Rate spread (pts)+0.06 pts vs state
$123kMedian applicant income
229Loans originated
34Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 265 | 212 | 5.7% | 6.88% | #174 |
| 2024 | 390 | 296 | 9.0% | 6.88% | #143 |
| 2025 | 312 | 229 | 10.9% | 6.88% | #183 |
What NexBank lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most NexBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 205 | 147 | 27 | 13.2% |
| Will County | 30 | 23 | 1 | 3.3% |
| DuPage County | 30 | 22 | 3 | 10.0% |
| Lake County | 13 | 10 | 1 | 7.7% |
| Kane County | 10 | 9 | 0 | 0.0% |
| Champaign County | 5 | 4 | 0 | 0.0% |
| McHenry County | 5 | 3 | 1 | 20.0% |
| Kendall County | 4 | 3 | 1 | 25.0% |
| McLean County | 2 | 2 | 0 | 0.0% |
| Rock Island County | 2 | 2 | 0 | 0.0% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 312 applications in 2025, of which 229 were originated and 34 denied.
10.9% of all applications, or 12.7% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans NexBank originated in Illinois in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are NexBank'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