PFN Lending Group · Illinois · 2025

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

PFN Lending Group took 26 mortgage applications in Illinois in 2025, ranking #559 of 1,150 lenders active in the state. It originated 42.3% of them and denied 34.6% (45.0% of the applications it decided), against a statewide denial rate of 17.1%.

26Applicationsin IL
45.0%Decision denial ratestate 21.7%
7.25%Median ratestate 6.75%
$330,000Median loanstate $185,000
$3.6MVolume6 counties

PFN Lending Group in Illinois vs the state

34.6%Denial rate+17.50 pts vs state
45.0%Decision denial rate+23.32 pts vs state
42.3%Origination rate-16.43 pts vs state
7.25%Median rate+0.50 pts vs state
0.82Rate spread (pts)+0.43 pts vs state
$221kMedian applicant income
11Loans originated
9Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023640.0%8.00%#757
2024301620.0%7.63%#528
2025261134.6%7.25%#559

What PFN Lending Group lends in Illinois

By loan purpose

Home purchase 12 46% · 8.3% denied
Refinance 7 27% · 71.4% denied
Cash-out refinance 5 19% · 60.0% denied
Other / HELOC 2 8% · 0.0% denied

By loan type

Conventional 25 96% · 36.0% denied
VA 1 4% · 0.0% denied

Why it denied Illinois applicants

Collateral 8 89%
Other 1 11%

Where in Illinois

Counties with the most PFN Lending Group applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1867 38.9%
Lake County 321 33.3%
Will County 210 0.0%
DuPage County 110 0.0%
McHenry County 110 0.0%
Stephenson County 101 100.0%

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: 26 applications in 2025, of which 11 were originated and 9 denied.

34.6% of all applications, or 45.0% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans PFN Lending Group originated in Illinois in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are PFN Lending Group'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