Largest lenders in Madison County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | FCB Banks | C | 760 | 599 | 8.0% | 6.88% |
| 2 | Regions Bank | C | 533 | 273 | 36.0% | 4.99% |
| 3 | Broker Solutions | D | 481 | 313 | 6.2% | 6.99% |
| 4 | 1st Midamerica Credit Union | D | 418 | 284 | 18.4% | — |
| 5 | Scott Credit Union | C | 402 | 301 | 14.2% | 6.50% |
| 6 | Rocket Mortgage | C | 338 | 242 | 20.1% | 6.63% |
| 7 | Carrollton Bank | A | 329 | 287 | 5.5% | 6.88% |
| 8 | U.S. Bank | D | 307 | 141 | 35.8% | 7.50% |
| 9 | Mortgage Research Center | C | 287 | 144 | 14.6% | 6.25% |
| 10 | United Shore Financial Services | B | 266 | 194 | 12.0% | 6.38% |
| 11 | Busey Bank | C | 253 | 199 | 7.5% | 7.75% |
| 12 | Endeavor Capital, LLC. | C | 252 | 209 | 2.0% | 6.63% |
| 13 | Delmar Financial | A | 203 | 143 | 2.0% | 6.63% |
| 14 | First Mid Bank & Trust | C | 198 | 129 | 23.2% | 7.00% |
| 15 | GCS Credit Union | B | 182 | 138 | 3.9% | — |
| 16 | United Community Bank | C | 181 | 148 | 7.2% | 6.75% |
| 17 | Zippy Loans | D | 175 | 59 | 37.7% | 8.00% |
| 18 | American Pacific Mortgage | C | 173 | 144 | 4.6% | 6.88% |
| 19 | Pennymac Loan Services | C | 161 | 82 | 9.3% | 6.31% |
| 20 | Flat Branch Mortgage | A | 147 | 122 | 0.7% | 6.75% |
| 21 | AmeriSave Mortgage | D | 136 | 40 | 55.2% | 7.13% |
| 22 | Navy Federal Credit Union | D | 135 | 69 | 17.8% | 7.25% |
| 23 | First Community | F | 130 | 55 | 36.9% | 6.00% |
| 24 | Freedom Mortgage | B | 126 | 57 | 9.5% | 6.25% |
| 25 | Guild Mortgage | A | 120 | 93 | 3.3% | 6.63% |
Best approval odds in Madison County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Coastal Community Bank | 58 | 0.0% |
| 2 | Flat Branch Mortgage | 124 | 0.8% |
| 3 | Delmar Financial | 174 | 2.3% |
| 4 | Endeavor Capital, LLC. | 214 | 2.3% |
| 5 | Guild Mortgage | 103 | 3.9% |
| 6 | Mutual of Omaha Mortgage | 73 | 4.1% |
| 7 | DAS Acquisition Company | 91 | 4.4% |
| 8 | GCS Credit Union | 147 | 4.8% |
| 9 | American Pacific Mortgage | 152 | 5.3% |
| 10 | Midwest BankCentre | 55 | 5.5% |
What Madison County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Madison County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 8,569 | 5,493 | 16.2% | 6.99% | $105,000 |
| 2024 | 9,347 | 5,973 | 16.2% | 6.99% | $115,000 |
| 2025 | 10,117 | 6,489 | 15.7% | 6.75% | $125,000 |
Frequently asked questions
15.7% of applications in Madison County were denied in 2025, against 17.1% statewide in Illinois.
FCB Banks, with 760 applications in 2025 and a denial rate of 8.0%.
The median mortgage application in Madison County in 2025 was for $125,000; the median property value on originated loans was $235,000.