Peoples Bank · Illinois · 2025

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

Peoples Bank took 147 mortgage applications in Illinois in 2025, ranking #296 of 1,150 lenders active in the state. It originated 64.6% of them and denied 19.1% (22.6% of the applications it decided), against a statewide denial rate of 17.1%.

147Applicationsin IL
22.6%Decision denial ratestate 21.7%
6.99%Median ratestate 6.75%
$155,000Median loanstate $185,000
$27MVolume6 counties

Peoples Bank in Illinois vs the state

19.1%Denial rate+1.93 pts vs state
22.6%Decision denial rate+0.90 pts vs state
64.6%Origination rate+5.89 pts vs state
6.99%Median rate+0.24 pts vs state
0.34Rate spread (pts)-0.04 pts vs state
$114kMedian applicant income
95Loans originated
28Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202318811513.8%6.75%#232
20241146924.6%7.19%#317
20251479519.1%6.99%#296

What Peoples Bank lends in Illinois

By loan purpose

Home purchase 53 36% · 3.8% denied
Refinance 35 24% · 17.1% denied
Cash-out refinance 12 8% · 33.3% denied
Home improvement 15 10% · 40.0% denied
Other / HELOC 32 22% · 31.3% denied

By loan type

Conventional 144 98% · 19.4% denied
FHA 3 2% · 0.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 15 54%
Credit history 8 29%
Incomplete application 3 11%
Collateral 1 4%
Employment history 1 4%

Where in Illinois

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1087221 19.4%
Will County 23135 21.7%
DuPage County 640 0.0%
Lake County 521 20.0%
Grundy County 431 25.0%
Kane 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: 147 applications in 2025, of which 95 were originated and 28 denied.

19.1% of all applications, or 22.6% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Peoples Bank originated in Illinois in 2025 was 6.99%, against a statewide median of 6.75%.

About this data. Figures are Peoples 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