T2 Financial in Illinois vs the state
4.3%Denial rate-12.84 pts vs state
4.8%Decision denial rate-16.93 pts vs state
80.8%Origination rate+22.01 pts vs state
6.63%Median rate-0.13 pts vs state
0.28Rate spread (pts)-0.10 pts vs state
$169kMedian applicant income
302Loans originated
16Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 423 | 272 | 5.9% | 6.88% | #129 |
| 2024 | 467 | 350 | 4.5% | 6.88% | #127 |
| 2025 | 374 | 302 | 4.3% | 6.63% | #159 |
What T2 Financial lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 234 | 185 | 13 | 5.6% |
| Lake County | 59 | 50 | 1 | 1.7% |
| DuPage County | 30 | 28 | 0 | 0.0% |
| Will County | 23 | 18 | 1 | 4.3% |
| Kendall County | 4 | 3 | 0 | 0.0% |
| Kane County | 4 | 3 | 0 | 0.0% |
| St. Clair County | 4 | 2 | 1 | 25.0% |
| McHenry County | 3 | 1 | 0 | 0.0% |
| DeKalb County | 2 | 2 | 0 | 0.0% |
| Winnebago County | 2 | 2 | 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: 374 applications in 2025, of which 302 were originated and 16 denied.
4.3% of all applications, or 4.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans T2 Financial originated in Illinois in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are T2 Financial'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