Northwest Federal Credit Union · Illinois · 2025

Northwest Federal Credit Union in Illinois: approval rate, denial rate and rates (2025)

Northwest Federal Credit Union took 23 mortgage applications in Illinois in 2025, ranking #578 of 1,150 lenders active in the state. It originated 52.2% of them and denied 26.1% (33.3% of the applications it decided), against a statewide denial rate of 17.1%.

23Applicationsin IL
33.3%Decision denial ratestate 21.7%
7.13%Median ratestate 6.75%
$105,000Median loanstate $185,000
$2.3MVolume6 counties

Northwest Federal Credit Union in Illinois vs the state

26.1%Denial rate+8.97 pts vs state
33.3%Decision denial rate+11.65 pts vs state
52.2%Origination rate-6.57 pts vs state
7.13%Median rate+0.38 pts vs state
0.60Rate spread (pts)+0.22 pts vs state
$141kMedian applicant income
12Loans originated
6Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023251240.0%6.94%#563
2024281042.9%7.06%#539
2025231226.1%7.13%#578

What Northwest Federal Credit Union lends in Illinois

By loan purpose

Home purchase 7 30% · 14.3% denied
Cash-out refinance 8 35% · 12.5% denied
Home improvement 8 35% · 50.0% denied

By loan type

Conventional 23 100% · 26.1% denied

Why it denied Illinois applicants

Debt-to-income ratio 4 67%
Credit history 1 17%
Collateral 1 17%

Where in Illinois

Counties with the most Northwest Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1484 28.6%
Lake County 311 33.3%
Kane County 310 0.0%
McHenry County 101 100.0%
Kankakee County 110 0.0%
Madison 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: 23 applications in 2025, of which 12 were originated and 6 denied.

26.1% of all applications, or 33.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Northwest Federal Credit Union originated in Illinois in 2025 was 7.13%, against a statewide median of 6.75%.

About this data. Figures are Northwest Federal Credit Union'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