Towne Mortgage · Illinois · 2025

Towne Mortgage in Illinois: approval rate, denial rate and rates (2025)

Towne Mortgage took 1,273 mortgage applications in Illinois in 2025, ranking #67 of 1,150 lenders active in the state. It originated 82.2% of them and denied 2.7% (2.8% of the applications it decided), against a statewide denial rate of 17.1%.

1.3kApplicationsin IL
2.8%Decision denial ratestate 21.7%
6.63%Median ratestate 6.75%
$265,000Median loanstate $185,000
$305MVolume44 counties

Towne Mortgage in Illinois vs the state

2.7%Denial rate-14.45 pts vs state
2.8%Decision denial rate-18.88 pts vs state
82.2%Origination rate+23.43 pts vs state
6.63%Median rate-0.13 pts vs state
0.46Rate spread (pts)+0.08 pts vs state
$101kMedian applicant income
1,046Loans originated
34Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234333276.0%7.13%#127
20241,2981,0433.7%6.75%#60
20251,2731,0462.7%6.63%#67

What Towne Mortgage lends in Illinois

By loan purpose

Home purchase 979 77% · 3.0% denied
Refinance 178 14% · 2.8% denied
Cash-out refinance 115 9% · 0.0% denied
Home improvement 1 0% · 0.0% denied

By loan type

Conventional 859 67% · 1.6% denied
FHA 339 27% · 5.0% denied
VA 52 4% · 3.9% denied
USDA / RHS 23 2% · 4.4% denied

Why it denied Illinois applicants

Debt-to-income ratio 11 32%
Collateral 6 18%
Other 4 12%
Credit history 4 12%
Unverifiable information 4 12%
Incomplete application 3 9%
Insufficient cash 1 3%
Employment history 1 3%

Where in Illinois

Counties with the most Towne Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 63150918 2.9%
Lake County 1281031 0.8%
Will County 98783 3.1%
DuPage County 80722 2.5%
McHenry County 72632 2.8%
Kane County 65562 3.1%
Whiteside County 22150 0.0%
Knox County 21181 4.8%
DeKalb County 18171 5.6%
Winnebago County 15120 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: 1,273 applications in 2025, of which 1,046 were originated and 34 denied.

2.7% of all applications, or 2.8% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Towne Mortgage originated in Illinois in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Towne Mortgage'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