Hancock County, Illinois · 2025

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

73 lenders acted on 342 mortgage applications for properties in Hancock County in 2025. 23.7% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $85,000; median property value $135,000.

342Applications
23.7%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$85,000Median loan
$135,000Median property value

Largest lenders in Hancock County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Community Bank C 10079 8.0%6.75%
2 AmeriSave Mortgage D 225 68.2%9.13%
3 Mortgage Research Center C 2213 13.6%5.99%
4 First Bankers Trust Company B 1710 41.2%6.69%
5 Compass Mortgage B 149 7.1%6.38%
6 Two Rivers Bank & Trust C 139 23.1%6.88%
7 Rocket Mortgage C 105 40.0%6.38%
8 PNC Bank D 86 0.0%10.05%
9 Compeer Financial, Flca C 75 14.3%7.25%
10 New Day Financial F 60 66.7%
11 AIM Credit Union 52 20.0%
12 United Shore Financial Services B 53 20.0%6.48%
13 Broker Solutions D 51 0.0%4.63%
14 Guild Mortgage A 54 0.0%6.44%

Best approval odds in Hancock County

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

#LenderDecidedDecision denial rate
1United Community Bank889.1%

What Hancock County borrowers applied for

By loan purpose

Home purchase 163 48% · 16.6% denied
Refinance 49 14% · 12.2% denied
Cash-out refinance 59 17% · 47.5% denied
Home improvement 39 11% · 33.3% denied
Other / HELOC 32 9% · 21.9% denied

By loan type

Conventional 242 71% · 21.9% denied
FHA 42 12% · 31.0% denied
VA 45 13% · 20.0% denied
USDA / RHS 13 4% · 46.2% denied

Why applications were denied

Collateral 20 25%
Credit history 20 25%
Incomplete application 19 23%
Debt-to-income ratio 11 14%
Other 4 5%
Insufficient cash 3 4%
Employment history 2 2%
Unverifiable information 2 2%

Hancock County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202327216614.0%6.63%$85,000
202432920117.6%6.88%$75,000
202534219323.7%6.75%$85,000

Frequently asked questions

23.7% of applications in Hancock County were denied in 2025, against 17.1% statewide in Illinois.

United Community Bank, with 100 applications in 2025 and a denial rate of 8.0%.

The median mortgage application in Hancock County in 2025 was for $85,000; the median property value on originated loans was $135,000.