Grundy County, Illinois · 2025

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

182 lenders acted on 1,932 mortgage applications for properties in Grundy County in 2025. 14.1% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $195,000; median property value $335,000.

1.9kApplications
14.1%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$195,000Median loan
$335,000Median property value

Largest lenders in Grundy County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Guaranteed Rate B 162120 3.1%6.75%
2 Grundy Bank A 139129 0.0%6.88%
3 Rocket Mortgage C 10683 13.2%6.99%
4 Old National Bank B 9162 14.3%6.24%
5 United Shore Financial Services B 6854 7.4%6.87%
6 Loandepot.Com D 5340 5.7%6.60%
7 American Pacific Mortgage C 4737 0.0%6.75%
8 Crosscountry Mortgage B 4633 0.0%6.63%
9 Fairway Independent Mortgage B 4127 2.4%6.75%
10 BMO Bank F 3722 21.6%8.29%
11 JPMorgan Chase Bank B 3621 13.9%6.88%
12 21st Mortgage F 3313 48.5%12.27%
13 Newrez D 3211 21.9%8.00%
14 Numark Credit Union C 3119 19.4%6.75%
15 AmeriSave Mortgage D 307 63.3%8.88%
16 Busey Bank C 3019 6.7%7.50%
17 Financial Plus Credit Union A 3026 10.0%5.75%
18 Broker Solutions D 2913 3.5%6.50%
19 First Federal Savings Bank B 2819 10.7%
20 GREENSTATE Credit Union B 2715 11.1%6.50%
21 Freedom Mortgage B 269 3.9%6.38%
22 Mortgage Research Center C 2613 7.7%5.99%
23 U.S. Bank D 2310 34.8%6.88%
24 Fifth Third Bank D 2211 31.8%7.74%
25 Coastal Community Bank C 224 4.6%9.62%

Best approval odds in Grundy County

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

#LenderDecidedDecision denial rate
1Grundy Bank1350.0%
2Guaranteed Rate1293.9%
3United Shore Financial Services618.2%
4Rocket Mortgage9814.3%
5Old National Bank7617.1%

What Grundy County borrowers applied for

By loan purpose

Home purchase 901 47% · 7.9% denied
Refinance 319 17% · 12.2% denied
Cash-out refinance 322 17% · 19.6% denied
Home improvement 131 7% · 24.4% denied
Other / HELOC 259 13% · 25.9% denied

By loan type

Conventional 1,518 79% · 14.4% denied
FHA 292 15% · 14.7% denied
VA 120 6% · 9.2% denied
USDA / RHS 2 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 79 29%
Credit history 68 25%
Collateral 41 15%
Incomplete application 40 15%
Other 17 6%
Unverifiable information 10 4%
Insufficient cash 10 4%
Employment history 3 1%

Grundy County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,6421,02518.0%6.88%$165,000
20241,7201,09216.1%6.99%$175,000
20251,9321,24814.1%6.75%$195,000

Frequently asked questions

14.1% of applications in Grundy County were denied in 2025, against 17.1% statewide in Illinois.

Guaranteed Rate, with 162 applications in 2025 and a denial rate of 3.1%.

The median mortgage application in Grundy County in 2025 was for $195,000; the median property value on originated loans was $335,000.