Simmons Bank · Illinois · 2025

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

Simmons Bank took 8 mortgage applications in Illinois in 2025, ranking #717 of 1,150 lenders active in the state. It originated 50.0% of them and denied 25.0% (33.3% of the applications it decided), against a statewide denial rate of 17.1%.

8Applicationsin IL
33.3%Decision denial ratestate 21.7%
6.00%Median ratestate 6.75%
$345,000Median loanstate $185,000
$3.3MVolume5 counties

Simmons Bank in Illinois vs the state

25.0%Denial rate+7.88 pts vs state
33.3%Decision denial rate+11.65 pts vs state
50.0%Origination rate-8.74 pts vs state
6.00%Median rate-0.75 pts vs state
-0.17Rate spread (pts)-0.55 pts vs state
$240kMedian applicant income
4Loans originated
2Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202311636.4%7.06%#671
20246116.7%6.63%#729
20258425.0%6.00%#717

What Simmons Bank lends in Illinois

By loan purpose

Home purchase 5 63% · 20.0% denied
Refinance 1 13% · 0.0% denied
Other / HELOC 2 25% · 50.0% denied

By loan type

Conventional 6 75% · 16.7% denied
FHA 2 25% · 50.0% denied

Why it denied Illinois applicants

Debt-to-income ratio 1 50%
Incomplete application 1 50%

Where in Illinois

Counties with the most Simmons Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 320 0.0%
St. Clair County 201 50.0%
Champaign County 110 0.0%
Madison County 110 0.0%
Massac County 101 100.0%

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: 8 applications in 2025, of which 4 were originated and 2 denied.

25.0% of all applications, or 33.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Simmons Bank originated in Illinois in 2025 was 6.00%, against a statewide median of 6.75%.

About this data. Figures are Simmons 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