Montgomery County, Illinois · 2025

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

100 lenders acted on 557 mortgage applications for properties in Montgomery County in 2025. 18.0% were denied (Illinois: 17.1%). Median rate on closed loans 6.63%; median loan $105,000; median property value $145,000.

557Applications
18.0%Denial ratestate 17.1%
6.63%Median ratestate 6.75%
$105,000Median loan
$145,000Median property value

Largest lenders in Montgomery County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Bank & Trust B 7760 10.4%
2 Rocket Mortgage C 4431 20.5%6.88%
3 Bank of Hillsboro C 3111 32.3%6.38%
4 Scott Credit Union C 2916 13.8%6.31%
5 CNB Bank And Trust C 2814 21.4%6.73%
6 Mortgage Research Center C 2715 25.9%6.25%
7 Broker Solutions D 1910 15.8%7.25%
8 Citizens Equity First B 116 9.1%6.25%
9 Pennymac Loan Services C 104 10.0%8.06%
10 Freedom Mortgage B 103 10.0%6.25%
11 Endeavor Capital, LLC. C 1010 0.0%6.63%
12 United Community Bank C 106 0.0%7.13%
13 U.S. Bank D 94 44.4%6.13%
14 Ark-La-Tex Financial Services, LLC. A 97 0.0%6.38%
15 FCB Banks C 86 12.5%6.56%
16 Regions Bank C 74 14.3%5.87%
17 1st Midamerica Credit Union D 71 57.1%
18 United Shore Financial Services B 77 0.0%6.50%
19 The First National Bank of Raymond 65 16.7%7.75%
20 AmeriSave Mortgage D 61 83.3%6.00%
21 21st Mortgage F 60 33.3%
22 Flat Branch Mortgage A 64 0.0%6.50%
23 The FNB Community Bank B 66 0.0%
24 The Bradford National Bank of Greenville A 63 0.0%
25 Navy Federal Credit Union D 63 33.3%5.75%

Best approval odds in Montgomery County

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

#LenderDecidedDecision denial rate
1Bank & Trust6811.8%

What Montgomery County borrowers applied for

By loan purpose

Home purchase 338 61% · 11.8% denied
Refinance 73 13% · 16.4% denied
Cash-out refinance 80 14% · 36.3% denied
Home improvement 31 6% · 25.8% denied
Other / HELOC 35 6% · 31.4% denied

By loan type

Conventional 390 70% · 17.2% denied
FHA 83 15% · 21.7% denied
VA 60 11% · 16.7% denied
USDA / RHS 24 4% · 20.8% denied

Why applications were denied

Credit history 32 36%
Collateral 20 23%
Debt-to-income ratio 10 11%
Incomplete application 10 11%
Other 8 9%
Insufficient cash 4 5%
Unverifiable information 2 2%
Employment history 2 2%

Montgomery County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202342925919.1%6.75%$85,000
202449629517.9%6.88%$85,000
202555733318.0%6.63%$105,000

Frequently asked questions

18.0% of applications in Montgomery County were denied in 2025, against 17.1% statewide in Illinois.

Bank & Trust, with 77 applications in 2025 and a denial rate of 10.4%.

The median mortgage application in Montgomery County in 2025 was for $105,000; the median property value on originated loans was $145,000.