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McHenry County, Illinois · 2025

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

410 lenders acted on 13,456 mortgage applications for properties in McHenry County in 2025. 15.1% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $215,000; median property value $375,000.

13kApplications
15.1%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$215,000Median loan
$375,000Median property value

Largest lenders in McHenry County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 634497 10.7%6.62%
2 Rocket Mortgage C 628488 14.5%6.99%
3 BMO Bank F 570298 30.0%8.43%
4 Guaranteed Rate B 511327 3.7%6.63%
5 Fifth Third Bank D 438225 29.7%7.50%
6 Fairway Independent Mortgage B 431307 3.0%6.88%
7 Baxter Credit Union B 402266 15.9%7.50%
8 JPMorgan Chase Bank B 373247 11.0%6.50%
9 Lennar Mortgage A 358284 8.1%5.63%
10 Crosscountry Mortgage B 312220 4.8%6.75%
11 U.S. Bank D 253118 39.1%8.25%
12 Newrez D 24897 19.0%6.99%
13 Consumers Cooperative Credit Union A 239198 5.9%6.50%
14 GREENSTATE Credit Union B 221154 5.9%6.63%
15 Bank of America F 22093 35.9%6.25%
16 The Huntington National Bank D 220121 36.8%7.69%
17 Dhi Mortgage Company B 202149 11.9%5.88%
18 Broker Solutions D 198107 5.1%6.88%
19 PNC Bank D 194120 19.1%7.74%
20 Pennymac Loan Services C 18986 9.5%6.44%
21 Freedom Mortgage B 18888 4.3%6.25%
22 Barrington Bank & Trust Company C 184136 0.0%6.63%
23 First National Bank of Omaha C 180119 22.8%7.75%
24 Coastal Community Bank C 17444 2.3%10.62%
25 ADVIA Federal Credit Union D 16792 27.5%7.00%

Best approval odds in McHenry County

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

#LenderDecidedDecision denial rate
1Barrington Bank & Trust Company1380.0%
2Key Mortgage Services1051.0%
3M/i Financial801.3%
4Mld Mortgage691.5%
5Home State Bank1311.5%
6Towne Mortgage712.8%
7Coastal Community Bank1333.0%
8Lower633.2%
9Fairway Independent Mortgage3284.0%
10Prosperity Home Mortgage644.7%

What McHenry County borrowers applied for

By loan purpose

Home purchase 5,608 42% · 6.6% denied
Refinance 2,092 16% · 12.6% denied
Cash-out refinance 2,346 17% · 18.7% denied
Home improvement 1,416 11% · 28.7% denied
Other / HELOC 1,994 15% · 27.6% denied

By loan type

Conventional 11,106 83% · 15.3% denied
FHA 1,602 12% · 15.2% denied
VA 747 6% · 11.9% denied
USDA / RHS 1 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 736 37%
Credit history 498 25%
Incomplete application 294 15%
Collateral 253 13%
Other 109 5%
Unverifiable information 63 3%
Insufficient cash 34 2%
Employment history 22 1%

McHenry County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202310,7896,60617.7%7.10%$185,000
202412,3207,63916.8%7.00%$205,000
202513,4568,41215.1%6.75%$215,000

Frequently asked questions

15.1% of applications in McHenry County were denied in 2025, against 17.1% statewide in Illinois.

United Shore Financial Services, with 634 applications in 2025 and a denial rate of 10.7%.

The median mortgage application in McHenry County in 2025 was for $215,000; the median property value on originated loans was $375,000.