USAA Federal Savings Bank · Illinois · 2025

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

USAA Federal Savings Bank took 678 mortgage applications in Illinois in 2025, ranking #105 of 1,150 lenders active in the state. It originated 47.6% of them and denied 25.1% (34.3% of the applications it decided), against a statewide denial rate of 17.1%.

678Applicationsin IL
34.3%Decision denial ratestate 21.7%
6.38%Median ratestate 6.75%
$265,000Median loanstate $185,000
$98MVolume79 counties

USAA Federal Savings Bank in Illinois vs the state

25.1%Denial rate+7.95 pts vs state
34.3%Decision denial rate+12.66 pts vs state
47.6%Origination rate-11.10 pts vs state
6.38%Median rate-0.38 pts vs state
-0.14Rate spread (pts)-0.52 pts vs state
$120kMedian applicant income
323Loans originated
170Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
202362431921.0%6.50%#92
202477538724.4%6.50%#86
202567832325.1%6.38%#105

What USAA Federal Savings Bank lends in Illinois

By loan purpose

Home purchase 577 85% · 22.4% denied
Refinance 35 5% · 37.1% denied
Cash-out refinance 52 8% · 42.3% denied
Home improvement 8 1% · 25.0% denied
Other / HELOC 6 1% · 66.7% denied

By loan type

Conventional 267 39% · 27.0% denied
VA 411 61% · 23.8% denied

Why it denied Illinois applicants

Incomplete application 85 50%
Debt-to-income ratio 38 22%
Credit history 13 8%
Other 11 6%
Insufficient cash 11 6%
Collateral 10 6%
Unverifiable information 2 1%

Where in Illinois

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

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1675654 32.3%
St. Clair County 53307 13.2%
Lake County 431810 23.3%
Madison County 40226 15.0%
Will County 35217 20.0%
DuPage County 30129 30.0%
McHenry County 17101 5.9%
Peoria County 17133 17.6%
Kane County 1575 33.3%
McLean County 1585 33.3%

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: 678 applications in 2025, of which 323 were originated and 170 denied.

25.1% of all applications, or 34.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans USAA Federal Savings Bank originated in Illinois in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are USAA 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