Cook County, Illinois · 2025

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

801 lenders acted on 149,576 mortgage applications for properties in Cook County in 2025. 18.5% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $235,000; median property value $385,000.

150kApplications
18.5%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$235,000Median loan
$385,000Median property value

Largest lenders in Cook County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Guaranteed Rate B 9,5235,271 5.2%6.70%
2 JPMorgan Chase Bank B 7,8815,040 9.5%6.38%
3 United Shore Financial Services B 6,8284,805 14.6%6.62%
4 Rocket Mortgage C 5,9003,955 22.2%6.75%
5 The Huntington National Bank D 5,2842,711 33.1%6.88%
6 Crosscountry Mortgage B 4,5892,880 4.3%6.75%
7 Fifth Third Bank D 4,0751,726 35.6%7.25%
8 U.S. Bank D 4,0531,631 41.1%6.99%
9 Bank of America F 3,7911,621 34.1%5.99%
10 Loandepot.Com D 3,4922,097 16.0%6.88%
11 BMO Bank F 3,4821,583 35.7%8.23%
12 Fairway Independent Mortgage B 2,6541,776 6.4%6.88%
13 Newrez D 2,583751 21.9%6.75%
14 PNC Bank D 2,5511,299 29.8%6.99%
15 Barrington Bank & Trust Company C 2,1741,424 6.6%6.63%
16 OriginPoint B 2,0031,227 2.7%6.63%
17 Neighborhood Loans C 1,988539 54.9%8.50%
18 Pennymac Loan Services C 1,886877 14.1%6.50%
19 Broker Solutions D 1,878840 9.3%6.88%
20 Citibank B 1,806874 15.6%6.25%
21 Coastal Community Bank C 1,779449 3.5%10.49%
22 Old National Bank B 1,771993 26.4%6.25%
23 First American Bank C 1,601862 33.0%7.03%
24 GREENSTATE Credit Union B 1,507948 10.4%6.63%
25 Navy Federal Credit Union D 1,493499 33.4%7.65%

Best approval odds in Cook County

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

What Cook County borrowers applied for

By loan purpose

Home purchase 70,646 47% · 10.2% denied
Refinance 24,152 16% · 14.2% denied
Cash-out refinance 24,050 16% · 24.3% denied
Home improvement 14,528 10% · 38.6% denied
Other / HELOC 16,200 11% · 34.8% denied

By loan type

Conventional 127,006 85% · 18.2% denied
FHA 18,059 12% · 21.7% denied
VA 4,502 3% · 16.2% denied
USDA / RHS 9 0% · 11.1% denied

Why applications were denied

Debt-to-income ratio 8,560 31%
Credit history 5,964 22%
Collateral 4,704 17%
Incomplete application 4,075 15%
Other 2,059 7%
Unverifiable information 1,185 4%
Insufficient cash 666 2%
Employment history 251 1%
Mortgage insurance denied 4 0%

Cook County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
2023121,42366,29120.4%6.97%$205,000
2024133,92773,06020.4%6.99%$215,000
2025149,57681,30518.5%6.75%$235,000

Frequently asked questions

18.5% of applications in Cook County were denied in 2025, against 17.1% statewide in Illinois.

Guaranteed Rate, with 9,523 applications in 2025 and a denial rate of 5.2%.

The median mortgage application in Cook County in 2025 was for $235,000; the median property value on originated loans was $385,000.