Sofi Bank in Illinois vs the state
7.4%Denial rate-9.72 pts vs state
18.8%Decision denial rate-2.85 pts vs state
31.4%Origination rate-27.33 pts vs state
7.79%Median rate+1.04 pts vs state
1.88Rate spread (pts)+1.50 pts vs state
$136kMedian applicant income
709Loans originated
167Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 312 | 111 | 10.9% | 6.75% | #160 |
| 2024 | 570 | 187 | 17.7% | 6.99% | #105 |
| 2025 | 2,257 | 709 | 7.4% | 7.79% | #39 |
What Sofi Bank lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 875 | 240 | 72 | 8.2% |
| DuPage County | 231 | 78 | 21 | 9.1% |
| Will County | 213 | 69 | 15 | 7.0% |
| Kane County | 154 | 50 | 9 | 5.8% |
| Lake County | 136 | 44 | 6 | 4.4% |
| McHenry County | 86 | 39 | 5 | 5.8% |
| Kendall County | 53 | 22 | 4 | 7.5% |
| Madison County | 36 | 15 | 2 | 5.6% |
| St. Clair County | 34 | 16 | 2 | 5.9% |
| Winnebago County | 33 | 11 | 2 | 6.1% |
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: 2,257 applications in 2025, of which 709 were originated and 167 denied.
7.4% of all applications, or 18.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Sofi Bank originated in Illinois in 2025 was 7.79%, against a statewide median of 6.75%.
About this data. Figures are Sofi 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