Henry County, Illinois · 2025

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

147 lenders acted on 1,432 mortgage applications for properties in Henry County in 2025. 12.6% were denied (Illinois: 17.1%). Median rate on closed loans 6.50%; median loan $105,000; median property value $185,000.

1.4kApplications
12.6%Denial ratestate 17.1%
6.50%Median ratestate 6.75%
$105,000Median loan
$185,000Median property value

Largest lenders in Henry County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 I. H. Mississippi Valley Credit Union B 11276 8.9%6.38%
2 Empeople Credit Union C 7755 20.8%6.49%
3 GREENSTATE Credit Union B 6051 1.7%6.63%
4 Rocket Mortgage C 6043 21.7%6.50%
5 Peoples National Bank of Kewanee 4931 20.4%5.56%
6 Bankorion C 4840 6.3%
7 Union Federal Savings and Loan Association 4733 12.8%
8 State Bank of Toulon 4539 8.9%
9 Broker Solutions D 4431 4.6%6.63%
10 Central Bank Illinois A 4336 2.3%
11 Mortgage Research Center C 3819 18.4%6.25%
12 Farmers National Bank A 3530 2.9%
13 United Shore Financial Services B 2821 14.3%6.13%
14 ASCENTRA Credit Union C 2620 7.7%6.81%
15 Community Banc Mortgage C 2620 11.5%6.31%
16 Blackhawk Bank & Trust C 2615 11.5%
17 Ruhl Mortgage A 2520 0.0%6.43%
18 CBI Bank & Trust C 2515 24.0%6.95%
19 Newrez D 249 29.2%6.50%
20 R.I.A. Federal Credit Union D 2415 20.8%5.75%
21 Lower C 2218 0.0%6.88%
22 Coastal Community Bank C 222 0.0%12.62%
23 Community State Bank 2119 4.8%
24 Pennymac Loan Services C 1710 0.0%6.12%
25 Fairway Independent Mortgage B 1711 5.9%6.63%

Best approval odds in Henry County

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

#LenderDecidedDecision denial rate
1GREENSTATE Credit Union531.9%
2I. H. Mississippi Valley Credit Union9410.6%
3Empeople Credit Union7122.5%
4Rocket Mortgage5623.2%

What Henry County borrowers applied for

By loan purpose

Home purchase 727 51% · 6.7% denied
Refinance 224 16% · 10.7% denied
Cash-out refinance 191 13% · 22.5% denied
Home improvement 127 9% · 16.5% denied
Other / HELOC 163 11% · 26.4% denied

By loan type

Conventional 1,098 77% · 11.9% denied
FHA 191 13% · 15.2% denied
VA 128 9% · 14.1% denied
USDA / RHS 15 1% · 13.3% denied

Why applications were denied

Credit history 53 32%
Debt-to-income ratio 47 28%
Collateral 25 15%
Incomplete application 18 11%
Other 10 6%
Unverifiable information 5 3%
Employment history 5 3%
Insufficient cash 4 2%

Henry County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,22484513.7%6.75%$95,000
20241,19378914.8%6.75%$105,000
20251,43296012.6%6.50%$105,000

Frequently asked questions

12.6% of applications in Henry County were denied in 2025, against 17.1% statewide in Illinois.

I. H. Mississippi Valley Credit Union, with 112 applications in 2025 and a denial rate of 8.9%.

The median mortgage application in Henry County in 2025 was for $105,000; the median property value on originated loans was $185,000.