The Federal Savings Bank · Illinois · 2025

The Federal Savings Bank in Illinois: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 1,470 mortgage applications in Illinois in 2025, ranking #60 of 1,150 lenders active in the state. It originated 55.0% of them and denied 8.2% (12.8% of the applications it decided), against a statewide denial rate of 17.1%.

1.5kApplicationsin IL
12.8%Decision denial ratestate 21.7%
6.63%Median ratestate 6.75%
$285,000Median loanstate $185,000
$257MVolume55 counties

The Federal Savings Bank in Illinois vs the state

8.2%Denial rate-8.96 pts vs state
12.8%Decision denial rate-8.93 pts vs state
55.0%Origination rate-3.71 pts vs state
6.63%Median rate-0.13 pts vs state
0.46Rate spread (pts)+0.08 pts vs state
$104kMedian applicant income
809Loans originated
120Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,3861,4788.0%6.75%#29
20241,9191,1259.0%6.88%#39
20251,4708098.2%6.63%#60

What The Federal Savings Bank lends in Illinois

By loan purpose

Home purchase 817 56% · 7.8% denied
Refinance 172 12% · 5.2% denied
Cash-out refinance 415 28% · 9.9% denied
Home improvement 33 2% · 12.1% denied
Other / HELOC 33 2% · 6.1% denied

By loan type

Conventional 865 59% · 7.3% denied
FHA 267 18% · 9.4% denied
VA 338 23% · 9.5% denied

Why it denied Illinois applicants

Incomplete application 44 37%
Debt-to-income ratio 29 24%
Credit history 13 11%
Collateral 11 9%
Unverifiable information 10 8%
Other 8 7%
Insufficient cash 5 4%

Where in Illinois

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 72840367 9.2%
Will County 1629511 6.8%
Lake County 1126513 11.6%
DuPage County 105636 5.7%
Kane County 96634 4.2%
McHenry County 45252 4.4%
St. Clair County 25121 4.0%
Winnebago County 23103 13.0%
Kendall County 2083 15.0%
Kankakee County 1250 0.0%

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: 1,470 applications in 2025, of which 809 were originated and 120 denied.

8.2% of all applications, or 12.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans The Federal Savings Bank originated in Illinois in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are The Federal Savings 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