Largest mortgage lenders in Illinois
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Guaranteed Rate | B | 17,479 | 10,217 | 4.9% | 6.63% |
| 2 | Rocket Mortgage | C | 16,971 | 11,970 | 19.7% | 6.75% |
| 3 | United Shore Financial Services | B | 15,644 | 11,397 | 13.0% | 6.50% |
| 4 | JPMorgan Chase Bank | B | 13,574 | 8,778 | 9.7% | 6.49% |
| 5 | U.S. Bank | D | 10,076 | 4,571 | 38.3% | 7.00% |
| 6 | Crosscountry Mortgage | B | 8,779 | 5,600 | 4.5% | 6.75% |
| 7 | Fifth Third Bank | D | 8,628 | 4,111 | 32.1% | 7.50% |
| 8 | The Huntington National Bank | D | 8,226 | 4,352 | 31.9% | 6.99% |
| 9 | BMO Bank | F | 8,007 | 3,906 | 32.7% | 8.33% |
| 10 | Loandepot.Com | D | 7,019 | 4,241 | 17.7% | 6.88% |
| 11 | Broker Solutions | D | 6,886 | 3,581 | 8.3% | 6.88% |
| 12 | Bank of America | F | 6,817 | 2,889 | 33.5% | 5.99% |
| 13 | PNC Bank | D | 6,796 | 3,711 | 26.7% | 7.25% |
| 14 | Fairway Independent Mortgage | B | 6,151 | 4,215 | 6.0% | 6.88% |
| 15 | Newrez | D | 6,033 | 1,857 | 21.9% | 6.75% |
| 16 | Mortgage Research Center | C | 5,914 | 2,965 | 16.0% | 6.25% |
| 17 | GREENSTATE Credit Union | B | 5,658 | 3,954 | 7.1% | 6.75% |
| 18 | Pennymac Loan Services | C | 5,192 | 2,485 | 12.6% | 6.49% |
| 19 | Coastal Community Bank | C | 4,874 | 1,213 | 2.4% | 10.49% |
| 20 | Freedom Mortgage | B | 4,316 | 1,573 | 9.6% | 6.25% |
| 21 | Citizens Equity First | B | 4,229 | 2,769 | 10.6% | 7.25% |
| 22 | Guild Mortgage | A | 4,009 | 2,870 | 5.6% | 6.63% |
| 23 | Barrington Bank & Trust Company | C | 3,980 | 2,719 | 5.4% | 6.63% |
| 24 | AmeriSave Mortgage | D | 3,886 | 882 | 64.7% | 8.00% |
| 25 | Old National Bank | B | 3,859 | 2,207 | 26.8% | 6.25% |
Best approval odds in Illinois
Lowest decision denial rate among lenders that decided at least 300 Illinois applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | A & N Mortgage Services | 1,332 | 0.0% | 6.63% |
| 2 | Rf Renovo Management Company | 568 | 0.5% | 9.99% |
| 3 | Morgan Stanley Private Bank | 402 | 1.7% | 6.05% |
| 4 | Flat Branch Mortgage | 1,799 | 1.8% | 6.63% |
| 5 | The Fisher National Bank | 322 | 1.9% | — |
| 6 | Select Lending Services | 301 | 2.0% | 6.75% |
| 7 | Point Mortgage | 535 | 2.1% | 6.63% |
| 8 | Longview Bank | 427 | 2.3% | 6.25% |
| 9 | Compass Mortgage | 1,219 | 2.4% | 6.75% |
| 10 | Affordable Mortgage Advisors, LLC. | 374 | 2.4% | 6.75% |
Lowest median rates in Illinois
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Regions Bank | 1,168 | 4.99% | 38.2% |
| 2 | University of Illinois Community Credit Union | 273 | 5.50% | 5.0% |
| 3 | Lennar Mortgage | 984 | 5.50% | 7.0% |
| 4 | Charles Schwab Bank | 200 | 5.63% | 6.0% |
| 5 | Financial Plus Credit Union | 211 | 5.75% | 8.1% |
| 6 | M/i Financial | 566 | 5.88% | 3.7% |
| 7 | Dhi Mortgage Company | 853 | 5.88% | 13.4% |
| 8 | R.I.A. Federal Credit Union | 117 | 5.99% | 20.3% |
| 9 | Bank of America | 2,889 | 5.99% | 33.5% |
| 10 | LENOX FINANCIAL MORTGAGE CORPORATION, Sage Home Loans | 189 | 6.00% | 8.3% |
What Illinois borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Illinois applications were denied
Illinois mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 321,534 | 189,096 | 18.5% | 6.99% | $165,000 | 1,201 |
| 2024 | 353,868 | 207,609 | 18.7% | 6.99% | $175,000 | 1,149 |
| 2025 | 395,939 | 232,591 | 17.1% | 6.75% | $185,000 | 1,150 |
Illinois counties
Counties with at least 200 applications in 2025, most active first.
Cook County149k
DuPage County29k
Will County28k
Lake County24k
Kane County18k
McHenry County13k
Madison County9.8k
Winnebago County9.6k
St. Clair County9.5k
Sangamon County6.3k
Kendall County6.2k
Peoria County5.2k
McLean County4.8k
Champaign County4.5k
Rock Island County4.3k
Tazewell County4.2k
Kankakee County3.3k
DeKalb County3.1k
Macon County2.9k
LaSalle County2.8k
Grundy County1.8k
Williamson County1.7k
Boone County1.6k
Vermilion County1.6k
Macoupin County1.3k
Ogle County1.3k
Henry County1.3k
Stephenson County1.2k
Woodford County1.1k
Knox County1.1k
Monroe County1.1k
Whiteside County1.1k
Adams County1.0k
Livingston County936
Clinton County913
Coles County864
Marion County847
Jackson County824
Jefferson County783
Franklin County776
Logan County756
Fulton County722
Christian County688
Effingham County646
Morgan County608
Lee County597
Bureau County591
Jersey County575
Randolph County484
Iroquois County469
Jo Daviess County465
Piatt County431
Montgomery County421
Saline County413
McDonough County404
Douglas County400
Mercer County394
Fayette County348
Bond County323
Ford County308
Edgar County307
Massac County304
Menard County296
De Witt County269
Marshall County262
Mason County261
Clark County248
Carroll County243
Shelby County242
Hancock County239
Moultrie County234
White County228
Crawford County221
Johnson County217
Washington County217
Union County202
Frequently asked questions
17.1% of mortgage applications in Illinois were denied in 2025 (21.7% of applications that reached a decision). Nationally the rate was 18.0%.
Guaranteed Rate handled the most applications in Illinois in 2025: 17,479, with a denial rate of 4.9%.
Among lenders that decided at least 300 applications in Illinois, A & N Mortgage Services had the lowest decision denial rate at 0.0%.
The median interest rate on loans originated in Illinois in 2025 was 6.75%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.