Proper Rate in Illinois vs the state
2.4%Denial rate-14.73 pts vs state
4.3%Decision denial rate-17.41 pts vs state
51.5%Origination rate-7.28 pts vs state
6.90%Median rate+0.15 pts vs state
0.36Rate spread (pts)-0.02 pts vs state
$168kMedian applicant income
194Loans originated
9Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,807 | 1,181 | 2.1% | 6.63% | #38 |
| 2024 | 2,124 | 1,411 | 2.1% | 6.83% | #36 |
| 2025 | 377 | 194 | 2.4% | 6.90% | #158 |
What Proper Rate lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Proper Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 280 | 144 | 7 | 2.5% |
| DuPage County | 42 | 23 | 0 | 0.0% |
| Lake County | 32 | 14 | 1 | 3.1% |
| Will County | 8 | 6 | 0 | 0.0% |
| Kane County | 7 | 3 | 1 | 14.3% |
| McHenry County | 3 | 2 | 0 | 0.0% |
| Kendall County | 3 | 1 | 0 | 0.0% |
| Tazewell County | 1 | 1 | 0 | 0.0% |
| Putnam County | 1 | 0 | 0 | 0.0% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 377 applications in 2025, of which 194 were originated and 9 denied.
2.4% of all applications, or 4.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Proper Rate originated in Illinois in 2025 was 6.90%, against a statewide median of 6.75%.
About this data. Figures are Proper Rate'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