Velocity Commercial Capital in Illinois vs the state
0.2%Denial rate-16.92 pts vs state
0.4%Decision denial rate-21.33 pts vs state
55.9%Origination rate-2.80 pts vs state
10.37%Median rate+3.62 pts vs state
—Rate spread (pts)
—Median applicant income
278Loans originated
1Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 162 | 81 | 1.9% | 11.24% | #259 |
| 2024 | 286 | 146 | 0.4% | 10.87% | #184 |
| 2025 | 497 | 278 | 0.2% | 10.37% | #125 |
What Velocity Commercial Capital lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Velocity Commercial Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 387 | 206 | 0 | 0.0% |
| Winnebago County | 23 | 21 | 0 | 0.0% |
| St. Clair County | 15 | 7 | 0 | 0.0% |
| Will County | 14 | 10 | 0 | 0.0% |
| Lake County | 14 | 9 | 0 | 0.0% |
| DuPage County | 5 | 3 | 0 | 0.0% |
| Sangamon County | 5 | 5 | 0 | 0.0% |
| Peoria County | 4 | 1 | 1 | 25.0% |
| Macon County | 4 | 1 | 0 | 0.0% |
| Rock Island County | 3 | 1 | 0 | 0.0% |
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 497 applications in 2025, of which 278 were originated and 1 denied.
0.2% of all applications, or 0.4% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Velocity Commercial Capital originated in Illinois in 2025 was 10.37%, against a statewide median of 6.75%.
About this data. Figures are Velocity Commercial Capital'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