Service Federal Credit Union · Illinois · 2025

Service Federal Credit Union in Illinois: approval rate, denial rate and rates (2025)

Service Federal Credit Union took 15 mortgage applications in Illinois in 2025, ranking #633 of 1,150 lenders active in the state. It originated 13.3% of them and denied 26.7% (66.7% of the applications it decided), against a statewide denial rate of 17.1%.

15Applicationsin IL
66.7%Decision denial ratestate 21.7%
7.31%Median ratestate 6.75%
$265,000Median loanstate $185,000
$330kVolume8 counties

Service Federal Credit Union in Illinois vs the state

26.7%Denial rate+9.55 pts vs state
66.7%Decision denial rate+44.99 pts vs state
13.3%Origination rate-45.41 pts vs state
7.31%Median rate+0.56 pts vs state
-4.04Rate spread (pts)-4.42 pts vs state
$197kMedian applicant income
2Loans originated
4Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023251024.0%4.68%#566
202416825.0%6.63%#614
202515226.7%7.31%#633

What Service Federal Credit Union lends in Illinois

By loan purpose

Home purchase 10 67% · 10.0% denied
Refinance 1 7% · 0.0% denied
Cash-out refinance 2 13% · 100.0% denied
Home improvement 1 7% · 0.0% denied
Other / HELOC 1 7% · 100.0% denied

By loan type

Conventional 11 73% · 27.3% denied
VA 4 27% · 25.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 2 50%
Incomplete application 1 25%
Credit history 1 25%

Where in Illinois

Counties with the most Service Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DuPage County 300 0.0%
Cook County 301 33.3%
Madison County 311 33.3%
Jackson County 200 0.0%
Ogle County 101 100.0%
Lake County 110 0.0%
Will County 101 100.0%
St. Clair County 100 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: 15 applications in 2025, of which 2 were originated and 4 denied.

26.7% of all applications, or 66.7% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Service Federal Credit Union originated in Illinois in 2025 was 7.31%, against a statewide median of 6.75%.

About this data. Figures are Service Federal Credit Union'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