Veritas Funding in Illinois vs the state
9.5%Denial rate-7.60 pts vs state
16.7%Decision denial rate-5.01 pts vs state
41.7%Origination rate-17.07 pts vs state
6.38%Median rate-0.38 pts vs state
0.63Rate spread (pts)+0.25 pts vs state
$73kMedian applicant income
35Loans originated
8Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 47 | 9 | 0.0% | 6.88% | #467 |
| 2024 | 70 | 19 | 12.9% | 6.63% | #397 |
| 2025 | 84 | 35 | 9.5% | 6.38% | #373 |
What Veritas Funding lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Where in Illinois
Counties with the most Veritas Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cook County | 39 | 17 | 4 | 10.3% |
| Will County | 11 | 5 | 0 | 0.0% |
| St. Clair County | 4 | 2 | 1 | 25.0% |
| Madison County | 4 | 1 | 0 | 0.0% |
| Kane County | 4 | 2 | 0 | 0.0% |
| McHenry County | 3 | 1 | 0 | 0.0% |
| Tazewell County | 3 | 1 | 1 | 33.3% |
| Effingham County | 2 | 1 | 1 | 50.0% |
| Lake County | 2 | 0 | 0 | 0.0% |
| Kendall County | 2 | 0 | 1 | 50.0% |
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: 84 applications in 2025, of which 35 were originated and 8 denied.
9.5% of all applications, or 16.7% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans Veritas Funding originated in Illinois in 2025 was 6.38%, against a statewide median of 6.75%.
About this data. Figures are Veritas Funding'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