Rocket Mortgage · Illinois · 2025

Rocket Mortgage in Illinois: approval rate, denial rate and rates (2025)

Rocket Mortgage took 16,971 mortgage applications in Illinois in 2025, ranking #2 of 1,150 lenders active in the state. It originated 70.5% of them and denied 19.7% (21.3% of the applications it decided), against a statewide denial rate of 17.1%.

17kApplicationsin IL
21.3%Decision denial ratestate 21.7%
6.75%Median ratestate 6.75%
$175,000Median loanstate $185,000
$2.6BVolume102 counties

Rocket Mortgage in Illinois vs the state

19.7%Denial rate+2.62 pts vs state
21.3%Decision denial rate-0.41 pts vs state
70.5%Origination rate+11.79 pts vs state
6.75%Median rate0.00 pts vs state
0.69Rate spread (pts)+0.31 pts vs state
$99kMedian applicant income
11,970Loans originated
3,350Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202310,2577,24319.3%6.75%#2
202412,9199,33818.3%6.75%#2
202516,97111,97019.7%6.75%#2

What Rocket Mortgage lends in Illinois

By loan purpose

Home purchase 5,613 33% · 13.7% denied
Refinance 2,985 18% · 19.8% denied
Cash-out refinance 7,549 44% · 22.9% denied
Home improvement 286 2% · 32.5% denied
Other / HELOC 538 3% · 32.0% denied

By loan type

Conventional 12,416 73% · 16.8% denied
FHA 3,637 21% · 30.1% denied
VA 918 5% · 19.1% denied

Why it denied Illinois applicants

Collateral 1,445 43%
Debt-to-income ratio 709 21%
Incomplete application 564 17%
Credit history 213 6%
Insufficient cash 190 6%
Unverifiable information 100 3%
Other 98 3%
Employment history 31 1%

Where in Illinois

Counties with the most Rocket Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 5,9003,9551,310 22.2%
Will County 1,3791,008234 17.0%
DuPage County 1,216912166 13.7%
Lake County 991725167 16.9%
Kane County 727556107 14.7%
McHenry County 62848891 14.5%
Winnebago County 47934887 18.2%
St. Clair County 35524384 23.7%
Madison County 33824268 20.1%
Kendall County 32224256 17.4%

Other large lenders in Illinois

LenderGradeApplicationsDenial rateMedian rate
Guaranteed RateB 17,4794.9%6.63%
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%
Broker SolutionsD 6,8868.3%6.88%

Frequently asked questions

Illinois: 16,971 applications in 2025, of which 11,970 were originated and 3,350 denied.

19.7% of all applications, or 21.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Rocket Mortgage originated in Illinois in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are Rocket Mortgage'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