Summit Funding in Illinois vs the state
2.1%Denial rate-15.04 pts vs state
2.6%Decision denial rate-19.11 pts vs state
78.6%Origination rate+19.83 pts vs state
6.88%Median rate+0.13 pts vs state
0.53Rate spread (pts)+0.15 pts vs state
$151kMedian applicant income
264Loans originated
7Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 252 | 184 | 4.8% | 7.13% | #187 |
| 2024 | 275 | 209 | 1.8% | 7.00% | #187 |
| 2025 | 336 | 264 | 2.1% | 6.88% | #178 |
What Summit Funding lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Summit Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 254 | 199 | 6 | 2.4% |
| DuPage County | 31 | 22 | 0 | 0.0% |
| Lake County | 17 | 16 | 0 | 0.0% |
| Kane County | 12 | 10 | 1 | 8.3% |
| McHenry County | 8 | 7 | 0 | 0.0% |
| Will County | 8 | 6 | 0 | 0.0% |
| Carroll County | 2 | 1 | 0 | 0.0% |
| Kankakee County | 2 | 2 | 0 | 0.0% |
| Champaign County | 1 | 1 | 0 | 0.0% |
| Morgan County | 1 | 0 | 0 | 0.0% |
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: 336 applications in 2025, of which 264 were originated and 7 denied.
2.1% of all applications, or 2.6% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Summit Funding originated in Illinois in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are Summit Funding'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