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U.S. Bank · Illinois · 2025

U.S. Bank in Illinois: approval rate, denial rate and rates (2025)

U.S. Bank took 10,076 mortgage applications in Illinois in 2025, ranking #5 of 1,150 lenders active in the state. It originated 45.4% of them and denied 38.3% (45.1% of the applications it decided), against a statewide denial rate of 17.1%.

10kApplicationsin IL
45.1%Decision denial ratestate 21.7%
7.00%Median ratestate 6.75%
$105,000Median loanstate $185,000
$1.2BVolume98 counties
Full U.S. Bank review All lenders in Illinois

U.S. Bank in Illinois vs the state

38.3%Denial rate+21.14 pts vs state
45.1%Decision denial rate+23.37 pts vs state
45.4%Origination rate-13.37 pts vs state
7.00%Median rate+0.25 pts vs state
0.75Rate spread (pts)+0.37 pts vs state
$102kMedian applicant income
4,571Loans originated
3,855Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
20238,8683,76143.8%7.50%#5
20249,2924,14439.7%7.25%#7
202510,0764,57138.3%7.00%#5

What U.S. Bank lends in Illinois

By loan purpose

Home purchase 2,855 28% · 13.5% denied
Refinance 782 8% · 13.4% denied
Cash-out refinance 1,082 11% · 22.6% denied
Home improvement 2,465 24% · 55.8% denied
Other / HELOC 2,892 29% · 60.3% denied

By loan type

Conventional 9,722 96% · 39.0% denied
FHA 241 2% · 20.8% denied
VA 105 1% · 13.3% denied
USDA / RHS 8 0% · 12.5% denied

Why it denied Illinois applicants

Debt-to-income ratio 1,574 41%
Credit history 1,036 27%
Collateral 976 25%
Other 132 3%
Unverifiable information 105 3%
Insufficient cash 13 0%
Incomplete application 13 0%
Employment history 6 0%

Where in Illinois

Counties with the most U.S. Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 4,0531,6311,664 41.1%
DuPage County 945510282 29.8%
Will County 695306284 40.9%
Lake County 481243172 35.8%
Kane County 434201165 38.0%
Winnebago County 372153177 47.6%
Madison County 307141110 35.8%
McHenry County 25311899 39.1%
St. Clair County 2108498 46.7%
Peoria County 20713449 23.7%

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%
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%
Broker SolutionsD 6,8868.3%6.88%

Frequently asked questions

Illinois: 10,076 applications in 2025, of which 4,571 were originated and 3,855 denied.

38.3% of all applications, or 45.1% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans U.S. Bank originated in Illinois in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are U.S. 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