Coles County, Illinois · 2025

Mortgage lenders in Coles County, IL: denial rates and top lenders (2025)

126 lenders acted on 1,033 mortgage applications for properties in Coles County in 2025. 21.5% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $95,000; median property value $155,000.

1.0kApplications
21.5%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$95,000Median loan
$155,000Median property value

Largest lenders in Coles County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 First Mid Bank & Trust C 168119 22.0%6.75%
2 Zippy Loans D 11719 38.5%8.00%
3 Rocket Mortgage C 6843 23.5%6.88%
4 Broker Solutions D 5133 2.0%6.75%
5 Prairie State Bank and Trust A 5141 3.9%6.63%
6 Mortgage Research Center C 4728 25.5%6.25%
7 U.S. Bank D 4122 34.2%8.30%
8 Flat Branch Mortgage A 3630 0.0%6.63%
9 First Financial Bank C 3218 37.5%6.56%
10 AmeriSave Mortgage D 185 61.1%10.75%
11 New Day Financial F 181 16.7%6.49%
12 United Shore Financial Services B 156 26.7%6.06%
13 Loandepot.Com D 155 53.3%7.13%
14 Pennymac Loan Services C 147 7.1%6.00%
15 Longview Bank A 1414 0.0%
16 Coastal Community Bank C 143 0.0%9.74%
17 Vanderbilt Mortgage and Finance F 130 53.9%
18 Community Banc Mortgage C 128 16.7%6.50%
19 Freedom Mortgage B 117 0.0%6.00%
20 Figure Lending C 114 18.2%7.98%
21 21st Mortgage F 91 66.7%9.22%
22 Carrington Mortgage Services D 92 33.3%5.75%
23 Castle & Cooke Mortgage C 98 0.0%6.56%
24 Fairway Independent Mortgage B 85 25.0%7.13%
25 Fifth Third Bank D 76 0.0%7.11%

Best approval odds in Coles County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Prairie State Bank and Trust513.9%
2First Mid Bank & Trust15723.6%
3Rocket Mortgage6126.2%
4Zippy Loans6569.2%

What Coles County borrowers applied for

By loan purpose

Home purchase 583 56% · 16.5% denied
Refinance 111 11% · 18.9% denied
Cash-out refinance 166 16% · 32.5% denied
Home improvement 89 9% · 30.3% denied
Other / HELOC 84 8% · 28.6% denied

By loan type

Conventional 762 74% · 22.8% denied
FHA 152 15% · 22.4% denied
VA 88 9% · 12.5% denied
USDA / RHS 31 3% · 9.7% denied

Why applications were denied

Credit history 64 29%
Debt-to-income ratio 63 29%
Incomplete application 29 13%
Collateral 27 12%
Other 17 8%
Unverifiable information 10 5%
Employment history 8 4%
Insufficient cash 3 1%

Coles County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202388854620.6%6.99%$85,000
202485154918.2%6.99%$95,000
20251,03356721.5%6.75%$95,000

Frequently asked questions

21.5% of applications in Coles County were denied in 2025, against 17.1% statewide in Illinois.

First Mid Bank & Trust, with 168 applications in 2025 and a denial rate of 22.0%.

The median mortgage application in Coles County in 2025 was for $95,000; the median property value on originated loans was $155,000.