Old National Bank · Illinois · 2025

Old National Bank in Illinois: approval rate, denial rate and rates (2025)

Old National Bank took 3,859 mortgage applications in Illinois in 2025, ranking #25 of 1,150 lenders active in the state. It originated 57.2% of them and denied 26.8% (31.2% of the applications it decided), against a statewide denial rate of 17.1%.

3.9kApplicationsin IL
31.2%Decision denial ratestate 21.7%
6.25%Median ratestate 6.75%
$145,000Median loanstate $185,000
$666MVolume48 counties

Old National Bank in Illinois vs the state

26.8%Denial rate+9.65 pts vs state
31.2%Decision denial rate+9.52 pts vs state
57.2%Origination rate-1.55 pts vs state
6.25%Median rate-0.50 pts vs state
-0.36Rate spread (pts)-0.74 pts vs state
$93kMedian applicant income
2,207Loans originated
1,033Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,2601,80936.9%6.49%#21
20243,4921,98832.5%6.85%#25
20253,8592,20726.8%6.25%#25

What Old National Bank lends in Illinois

By loan purpose

Home purchase 1,235 32% · 14.0% denied
Refinance 726 19% · 25.5% denied
Cash-out refinance 101 3% · 20.8% denied
Home improvement 842 22% · 36.6% denied
Other / HELOC 955 25% · 36.2% denied

By loan type

Conventional 3,761 97% · 26.9% denied
FHA 86 2% · 24.4% denied
VA 11 0% · 9.1% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 508 49%
Credit history 259 25%
Collateral 181 18%
Other 45 4%
Incomplete application 16 2%
Insufficient cash 13 1%
Unverifiable information 10 1%
Employment history 1 0%

Where in Illinois

Counties with the most Old National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1,771993468 26.4%
Lake County 517294153 29.6%
Will County 494291137 27.7%
DuPage County 22813060 26.3%
Kane County 1327536 27.3%
DeKalb County 1096722 20.2%
McHenry County 926816 17.4%
Grundy County 916213 14.3%
Vermilion County 893440 44.9%
Kendall County 603912 20.0%

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: 3,859 applications in 2025, of which 2,207 were originated and 1,033 denied.

26.8% of all applications, or 31.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Old National Bank originated in Illinois in 2025 was 6.25%, against a statewide median of 6.75%.

About this data. Figures are Old National Bank'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