Menard County, Illinois · 2025

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

74 lenders acted on 389 mortgage applications for properties in Menard County in 2025. 11.3% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $125,000; median property value $215,000.

389Applications
11.3%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$125,000Median loan
$215,000Median property value

Largest lenders in Menard County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Alliance Community Bank B 7658 10.5%
2 Petefish, Skiles & C 3728 5.4%6.69%
3 INB B 2220 0.0%6.75%
4 Citizens Equity First B 1811 11.1%7.25%
5 Heartland A 1514 6.7%7.00%
6 Bank of Springfield B 139 0.0%6.75%
7 Rocket Mortgage C 1210 0.0%6.69%
8 Affordable Mortgage Advisors, LLC. B 1211 0.0%6.93%
9 United Community Bank C 1210 8.3%6.69%
10 Mortgage Research Center C 107 20.0%6.50%
11 Guaranteed Rate B 98 0.0%6.08%
12 Broker Solutions D 84 12.5%6.94%
13 Hickory Point Bank and Trust B 72 57.1%
14 Plains Commerce Bank B 75 0.0%6.00%
15 Heartland Bank and Trust D 63 33.3%6.98%
16 PNC Bank D 64 33.3%6.91%
17 Coastal Community Bank C 62 0.0%13.12%
18 Regions Bank C 50 60.0%
19 Morton Community Bank B 53 40.0%7.00%
20 Freedom Mortgage B 51 0.0%4.25%
21 United Shore Financial Services B 54 20.0%5.81%

Best approval odds in Menard County

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

#LenderDecidedDecision denial rate
1Alliance Community Bank7410.8%

What Menard County borrowers applied for

By loan purpose

Home purchase 189 49% · 7.4% denied
Refinance 53 14% · 13.2% denied
Cash-out refinance 76 20% · 13.2% denied
Home improvement 28 7% · 28.6% denied
Other / HELOC 43 11% · 11.6% denied

By loan type

Conventional 306 79% · 12.8% denied
FHA 33 8% · 6.1% denied
VA 39 10% · 5.1% denied
USDA / RHS 11 3% · 9.1% denied

Why applications were denied

Credit history 11 34%
Debt-to-income ratio 9 28%
Collateral 6 19%
Incomplete application 3 9%
Insufficient cash 1 3%
Other 1 3%
Employment history 1 3%

Menard County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202333222414.8%6.75%$115,000
202431021013.2%6.99%$115,000
202538927211.3%6.75%$125,000

Frequently asked questions

11.3% of applications in Menard County were denied in 2025, against 17.1% statewide in Illinois.

Alliance Community Bank, with 76 applications in 2025 and a denial rate of 10.5%.

The median mortgage application in Menard County in 2025 was for $125,000; the median property value on originated loans was $215,000.