Fayette County, Illinois · 2025

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

77 lenders acted on 433 mortgage applications for properties in Fayette County in 2025. 21.3% were denied (Illinois: 17.1%). Median rate on closed loans 6.63%; median loan $115,000; median property value $175,000.

433Applications
21.3%Denial ratestate 17.1%
6.63%Median ratestate 6.75%
$115,000Median loan
$175,000Median property value

Largest lenders in Fayette County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 The FNB Community Bank B 5447 9.3%
2 Midland States Bank C 4826 25.0%6.63%
3 Rocket Mortgage C 3321 33.3%6.50%
4 Broker Solutions D 2314 13.0%7.13%
5 Scott Credit Union C 2116 4.8%6.31%
6 Petefish, Skiles & C 1910 26.3%7.13%
7 The Peoples State Bank of Newton, Illinois B 1713 11.8%
8 AmeriSave Mortgage D 150 66.7%
9 Dieterich Bank C 1410 7.1%
10 Mortgage Research Center C 126 25.0%6.25%
11 Vanderbilt Mortgage and Finance F 100 10.0%
12 21st Mortgage F 81 50.0%9.54%
13 Fairway Independent Mortgage B 77 0.0%6.75%
14 Loandepot.Com D 73 57.1%5.99%
15 Pennymac Loan Services C 63 33.3%6.25%
16 Fifth Third Bank D 63 33.3%6.63%
17 FCB Banks C 66 0.0%6.85%
18 Bank of Hillsboro C 64 16.7%6.19%
19 United Shore Financial Services B 62 16.7%5.62%
20 Bank of America F 51 80.0%6.99%
21 Carrington Mortgage Services D 50 60.0%
22 Freedom Mortgage B 52 0.0%6.25%
23 Newrez D 50 40.0%
24 The Bradford National Bank of Greenville A 52 20.0%
25 Coastal Community Bank C 50 0.0%

Best approval odds in Fayette County

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

#LenderDecidedDecision denial rate
1The FNB Community Bank529.6%

What Fayette County borrowers applied for

By loan purpose

Home purchase 218 50% · 14.2% denied
Refinance 81 19% · 17.3% denied
Cash-out refinance 79 18% · 39.2% denied
Home improvement 20 5% · 25.0% denied
Other / HELOC 35 8% · 31.4% denied

By loan type

Conventional 288 67% · 19.4% denied
FHA 100 23% · 26.0% denied
VA 28 6% · 17.9% denied
USDA / RHS 17 4% · 29.4% denied

Why applications were denied

Credit history 27 32%
Debt-to-income ratio 18 21%
Other 12 14%
Collateral 10 12%
Incomplete application 9 11%
Insufficient cash 4 5%
Unverifiable information 3 4%
Employment history 1 1%

Fayette County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202340622723.7%6.75%$105,000
202440423123.3%6.75%$105,000
202543324521.3%6.63%$115,000

Frequently asked questions

21.3% of applications in Fayette County were denied in 2025, against 17.1% statewide in Illinois.

The FNB Community Bank, with 54 applications in 2025 and a denial rate of 9.3%.

The median mortgage application in Fayette County in 2025 was for $115,000; the median property value on originated loans was $175,000.