Valon Mortgage · Illinois · 2025

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

Valon Mortgage took 266 mortgage applications in Illinois in 2025, ranking #211 of 1,150 lenders active in the state. It originated 56.0% of them and denied 16.9% (18.9% of the applications it decided), against a statewide denial rate of 17.1%.

266Applicationsin IL
18.9%Decision denial ratestate 21.7%
8.85%Median ratestate 6.75%
$65,000Median loanstate $185,000
$14MVolume38 counties

Valon Mortgage in Illinois vs the state

16.9%Denial rate-0.20 pts vs state
18.9%Decision denial rate-2.77 pts vs state
56.0%Origination rate-2.72 pts vs state
8.85%Median rate+2.10 pts vs state
2.72Rate spread (pts)+2.34 pts vs state
$105kMedian applicant income
149Loans originated
45Denied

Trend in Illinois

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024211323.8%6.13%#578
202526614916.9%8.85%#211

What Valon Mortgage lends in Illinois

By loan purpose

Home purchase 4 2% · 0.0% denied
Refinance 25 9% · 16.0% denied
Cash-out refinance 27 10% · 37.0% denied
Home improvement 69 26% · 15.9% denied
Other / HELOC 141 53% · 14.2% denied

By loan type

Conventional 250 94% · 15.2% denied
FHA 16 6% · 43.8% denied

Why it denied Illinois applicants

Debt-to-income ratio 24 53%
Incomplete application 8 18%
Credit history 6 13%
Collateral 4 9%
Other 3 7%

Where in Illinois

Counties with the most Valon Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cook County 1015018 17.8%
DuPage County 31186 19.4%
Will County 25164 16.0%
Lake County 19124 21.1%
Kane County 13101 7.7%
McHenry County 1271 8.3%
Madison County 1163 27.3%
St. Clair County 861 12.5%
Rock Island County 521 20.0%
Peoria County 320 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: 266 applications in 2025, of which 149 were originated and 45 denied.

16.9% of all applications, or 18.9% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.

The median rate on loans Valon Mortgage originated in Illinois in 2025 was 8.85%, against a statewide median of 6.75%.

About this data. Figures are Valon 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