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Mercer County, Illinois · 2025

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

87 lenders acted on 496 mortgage applications for properties in Mercer County in 2025. 15.3% were denied (Illinois: 17.1%). Median rate on closed loans 6.68%; median loan $105,000; median property value $165,000.

496Applications
15.3%Denial ratestate 17.1%
6.68%Median ratestate 6.75%
$105,000Median loan
$165,000Median property value

Largest lenders in Mercer County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 CBI Bank & Trust C 4934 20.4%7.00%
2 I. H. Mississippi Valley Credit Union B 3323 3.0%6.13%
3 Broker Solutions D 2918 17.2%6.88%
4 GREENSTATE Credit Union B 2720 7.4%6.44%
5 Rocket Mortgage C 2415 33.3%6.99%
6 Blackhawk Bank & Trust C 2017 0.0%—
7 Midwest Bank A 1814 11.1%—
8 Empeople Credit Union C 189 22.2%6.00%
9 Marine Credit Union F 142 50.0%9.56%
10 R.I.A. Federal Credit Union D 148 21.4%6.24%
11 Bankorion C 149 21.4%—
12 Guaranteed Rate B 1310 7.7%6.73%
13 Mortgage Research Center C 138 15.4%6.25%
14 AmeriSave Mortgage D 111 63.6%7.25%
15 ASCENTRA Credit Union C 106 10.0%6.06%
16 Ruhl Mortgage A 109 0.0%6.25%
17 Lower C 98 11.1%6.94%
18 Newrez D 93 22.2%6.50%
19 Fairway Independent Mortgage B 87 0.0%6.88%
20 Plains Commerce Bank B 85 0.0%6.38%
21 Pennymac Loan Services C 74 14.3%5.56%
22 Spring Eq D 73 14.3%9.20%
23 U.S. Bank D 63 16.7%6.63%
24 Crosscountry Mortgage B 64 0.0%7.00%
25 United Shore Financial Services B 65 0.0%6.50%

What Mercer County borrowers applied for

By loan purpose

Home purchase 247 50% · 6.5% denied
Refinance 81 16% · 18.5% denied
Cash-out refinance 85 17% · 30.6% denied
Home improvement 34 7% · 20.6% denied
Other / HELOC 49 10% · 24.5% denied

By loan type

Conventional 363 73% · 14.9% denied
FHA 80 16% · 18.8% denied
VA 44 9% · 15.9% denied
USDA / RHS 9 2% · 0.0% denied

Why applications were denied

Credit history 28 39%
Collateral 14 20%
Incomplete application 11 15%
Debt-to-income ratio 11 15%
Other 4 6%
Unverifiable information 3 4%

Mercer County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202339526514.2%6.99%$85,000
202440527814.3%6.75%$85,000
202549631515.3%6.68%$105,000

Frequently asked questions

15.3% of applications in Mercer County were denied in 2025, against 17.1% statewide in Illinois.

CBI Bank & Trust, with 49 applications in 2025 and a denial rate of 20.4%.

The median mortgage application in Mercer County in 2025 was for $105,000; the median property value on originated loans was $165,000.