PNC Bank · Illinois · 2025

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

PNC Bank took 6,796 mortgage applications in Illinois in 2025, ranking #13 of 1,150 lenders active in the state. It originated 54.6% of them and denied 26.7% (32.2% of the applications it decided), against a statewide denial rate of 17.1%.

6.8kApplicationsin IL
32.2%Decision denial ratestate 21.7%
7.25%Median ratestate 6.75%
$105,000Median loanstate $185,000
$736MVolume77 counties

PNC Bank in Illinois vs the state

26.7%Denial rate+9.62 pts vs state
32.2%Decision denial rate+10.48 pts vs state
54.6%Origination rate-4.13 pts vs state
7.25%Median rate+0.50 pts vs state
0.35Rate spread (pts)-0.03 pts vs state
$105kMedian applicant income
3,711Loans originated
1,817Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236,2093,25127.1%8.55%#11
20246,0113,06328.6%8.93%#12
20256,7963,71126.7%7.25%#13

What PNC Bank lends in Illinois

By loan purpose

Home purchase 1,154 17% · 13.3% denied
Refinance 1,599 24% · 21.9% denied
Cash-out refinance 167 2% · 15.6% denied
Home improvement 2,038 30% · 34.5% denied
Other / HELOC 1,838 27% · 31.8% denied

By loan type

Conventional 6,645 98% · 26.9% denied
FHA 109 2% · 27.5% denied
VA 41 1% · 7.3% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Illinois applicants

Credit history 751 41%
Debt-to-income ratio 645 35%
Incomplete application 204 11%
Collateral 173 10%
Other 30 2%
Employment history 6 0%
Unverifiable information 5 0%
Insufficient cash 3 0%

Where in Illinois

Counties with the most PNC Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 2,5511,299759 29.8%
DuPage County 626348161 25.7%
Will County 610332161 26.4%
Lake County 574363105 18.3%
Kane County 407210114 28.0%
McLean County 25517738 14.9%
McHenry County 19412037 19.1%
Sangamon County 18911741 21.7%
Peoria County 1628047 29.0%
Winnebago County 1567759 37.8%

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: 6,796 applications in 2025, of which 3,711 were originated and 1,817 denied.

26.7% of all applications, or 32.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans PNC Bank originated in Illinois in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are PNC 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