Planet Home Lending · Illinois · 2025

Planet Home Lending in Illinois: approval rate, denial rate and rates (2025)

Planet Home Lending took 434 mortgage applications in Illinois in 2025, ranking #146 of 1,150 lenders active in the state. It originated 76.0% of them and denied 18.9% (19.4% of the applications it decided), against a statewide denial rate of 17.1%.

434Applicationsin IL
19.4%Decision denial ratestate 21.7%
6.25%Median ratestate 6.75%
$230,000Median loanstate $185,000
$91MVolume64 counties

Planet Home Lending in Illinois vs the state

18.9%Denial rate+1.77 pts vs state
19.4%Decision denial rate-2.29 pts vs state
76.0%Origination rate+17.30 pts vs state
6.25%Median rate-0.50 pts vs state
0.10Rate spread (pts)-0.28 pts vs state
$105kMedian applicant income
330Loans originated
82Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202323916325.5%6.63%#193
202434323428.3%6.38%#160
202543433018.9%6.25%#146

What Planet Home Lending lends in Illinois

By loan purpose

Home purchase 112 26% · 19.6% denied
Refinance 241 56% · 15.4% denied
Cash-out refinance 47 11% · 25.5% denied
Home improvement 14 3% · 35.7% denied
Other / HELOC 20 5% · 30.0% denied

By loan type

Conventional 149 34% · 24.2% denied
FHA 161 37% · 19.9% denied
VA 123 28% · 11.4% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Illinois applicants

Incomplete application 49 60%
Credit history 10 12%
Other 8 10%
Debt-to-income ratio 7 9%
Collateral 6 7%
Insufficient cash 1 1%
Unverifiable information 1 1%

Where in Illinois

Counties with the most Planet Home Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1077725 23.4%
Will County 38288 21.1%
Lake County 35304 11.4%
DeKalb County 342410 29.4%
St. Clair County 27195 18.5%
Kane County 15112 13.3%
Kendall County 13111 7.7%
DuPage County 13112 15.4%
McHenry County 1283 25.0%
Madison County 1090 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: 434 applications in 2025, of which 330 were originated and 82 denied.

18.9% of all applications, or 19.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Planet Home Lending originated in Illinois in 2025 was 6.25%, against a statewide median of 6.75%.

About this data. Figures are Planet Home Lending'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