Spring Eq in Illinois vs the state
49.3%Denial rate+32.18 pts vs state
61.2%Decision denial rate+39.48 pts vs state
29.9%Origination rate-28.83 pts vs state
9.65%Median rate+2.90 pts vs state
3.78Rate spread (pts)+3.40 pts vs state
$118kMedian applicant income
921Loans originated
1,518Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,242 | 397 | 69.6% | 11.05% | #31 |
| 2024 | 2,975 | 874 | 53.9% | 10.28% | #29 |
| 2025 | 3,079 | 921 | 49.3% | 9.65% | #30 |
What Spring Eq lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 1,279 | 332 | 698 | 54.6% |
| Will County | 302 | 95 | 153 | 50.7% |
| DuPage County | 274 | 102 | 112 | 40.9% |
| Lake County | 210 | 63 | 105 | 50.0% |
| Kane County | 154 | 54 | 71 | 46.1% |
| McHenry County | 140 | 42 | 56 | 40.0% |
| Kendall County | 82 | 24 | 35 | 42.7% |
| Madison County | 63 | 27 | 22 | 34.9% |
| Winnebago County | 61 | 19 | 30 | 49.2% |
| St. Clair County | 55 | 18 | 25 | 45.5% |
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: 3,079 applications in 2025, of which 921 were originated and 1,518 denied.
49.3% of all applications, or 61.2% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Spring Eq originated in Illinois in 2025 was 9.65%, against a statewide median of 6.75%.
About this data. Figures are Spring Eq'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