The Northern Trust · Illinois · 2025

The Northern Trust in Illinois: approval rate, denial rate and rates (2025)

The Northern Trust took 50 mortgage applications in Illinois in 2025, ranking #459 of 1,150 lenders active in the state. It originated 86.0% of them and denied 4.0% (4.3% of the applications it decided), against a statewide denial rate of 17.1%.

50Applicationsin IL
4.3%Decision denial ratestate 21.7%
Median ratestate 6.75%
$800,000Median loanstate $185,000
$142MVolume6 counties

The Northern Trust in Illinois vs the state

4.0%Denial rate-13.12 pts vs state
4.3%Decision denial rate-17.42 pts vs state
86.0%Origination rate+27.26 pts vs state
Median rate
Rate spread (pts)
$349kMedian applicant income
43Loans originated
2Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202339352.6%6.00%#490
2024262111.5%6.50%#554
202550434.0%#459

What The Northern Trust lends in Illinois

By loan purpose

Home purchase 26 52% · 0.0% denied
Refinance 13 26% · 15.4% denied
Other / HELOC 11 22% · 0.0% denied

By loan type

Conventional 50 100% · 4.0% denied

Where in Illinois

Counties with the most The Northern Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 38332 5.3%
Lake County 530 0.0%
DuPage County 440 0.0%
Kane County 110 0.0%
Coles County 110 0.0%
St. Clair County 110 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: 50 applications in 2025, of which 43 were originated and 2 denied.

4.0% of all applications, or 4.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are The Northern Trust'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