Lee County, Illinois · 2025

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

128 lenders acted on 755 mortgage applications for properties in Lee County in 2025. 15.5% were denied (Illinois: 17.1%). Median rate on closed loans 6.88%; median loan $125,000; median property value $185,000.

755Applications
15.5%Denial ratestate 17.1%
6.88%Median ratestate 6.75%
$125,000Median loan
$185,000Median property value

Largest lenders in Lee County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Sauk Valley Bank & Trust B 8562 9.4%
2 U.S. Bank D 5424 37.0%7.44%
3 Rocket Mortgage C 5135 17.7%6.99%
4 Midland States Bank C 2515 20.0%5.99%
5 Guaranteed Rate B 2514 8.0%6.75%
6 Guild Mortgage A 2519 4.0%6.63%
7 First State Bank B 2318 13.0%7.06%
8 Fifth Third Bank D 207 40.0%7.50%
9 Central Bank Illinois A 2016 0.0%
10 Mortgage Research Center C 2012 10.0%6.25%
11 United Shore Financial Services B 1613 12.5%6.63%
12 Broker Solutions D 1410 0.0%6.44%
13 AmeriSave Mortgage D 122 66.7%7.31%
14 Towne Mortgage B 1211 0.0%6.49%
15 Coastal Community Bank C 125 0.0%12.49%
16 Envoy Mortgage D 1110 0.0%6.63%
17 Fairway Independent Mortgage B 104 30.0%7.00%
18 Holcomb Bank B 107 0.0%
19 JPMorgan Chase Bank B 94 11.1%6.81%
20 Newrez D 94 11.1%7.13%
21 Compeer Financial, Flca C 95 22.2%7.15%
22 Loandepot.Com D 93 0.0%7.00%
23 Figure Lending C 93 11.1%9.60%
24 Crosscountry Mortgage B 75 14.3%6.49%
25 Carrington Mortgage Services D 70 57.1%

Best approval odds in Lee County

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

#LenderDecidedDecision denial rate
1Sauk Valley Bank & Trust7111.3%

What Lee County borrowers applied for

By loan purpose

Home purchase 383 51% · 8.1% denied
Refinance 90 12% · 12.2% denied
Cash-out refinance 116 15% · 21.6% denied
Home improvement 59 8% · 32.2% denied
Other / HELOC 107 14% · 29.0% denied

By loan type

Conventional 570 75% · 16.0% denied
FHA 111 15% · 16.2% denied
VA 61 8% · 9.8% denied
USDA / RHS 13 2% · 15.4% denied

Why applications were denied

Collateral 27 25%
Credit history 26 24%
Debt-to-income ratio 26 24%
Incomplete application 18 17%
Other 5 5%
Insufficient cash 3 3%
Unverifiable information 2 2%
Employment history 2 2%

Lee County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202361536117.6%6.75%$105,000
202469243417.8%7.00%$105,000
202575544515.5%6.88%$125,000

Frequently asked questions

15.5% of applications in Lee County were denied in 2025, against 17.1% statewide in Illinois.

Sauk Valley Bank & Trust, with 85 applications in 2025 and a denial rate of 9.4%.

The median mortgage application in Lee County in 2025 was for $125,000; the median property value on originated loans was $185,000.