Sangamon County, Illinois · 2025

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

261 lenders acted on 6,562 mortgage applications for properties in Sangamon County in 2025. 13.2% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $125,000; median property value $215,000.

6.6kApplications
13.2%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$125,000Median loan
$215,000Median property value

Largest lenders in Sangamon County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 INB B 665576 3.8%6.63%
2 United Community Bank C 536424 7.8%6.63%
3 Bank of Springfield B 495409 3.0%6.70%
4 Heartland A 384311 7.3%7.00%
5 Citizens Equity First B 377246 10.9%7.31%
6 Morton Community Bank B 230190 7.8%7.13%
7 Rocket Mortgage C 221160 18.6%6.75%
8 Alliance Community Bank B 208191 3.9%
9 PNC Bank D 189117 21.7%6.88%
10 Heartland Bank and Trust D 184141 10.9%7.10%
11 Guaranteed Rate B 178116 6.7%6.60%
12 21st Mortgage F 16217 74.1%11.24%
13 Triad Financial Services D 11814 67.0%9.32%
14 U.S. Bank D 11452 34.2%7.73%
15 Mortgage Research Center C 11266 13.4%6.50%
16 Broker Solutions D 10769 6.5%6.88%
17 Affordable Mortgage Advisors, LLC. B 10690 0.0%6.88%
18 Security Bank, s.b. B 10587 5.7%
19 Carrollton Bank A 10091 4.0%6.75%
20 United Shore Financial Services B 9462 13.8%6.11%
21 Freedom Mortgage B 8636 4.7%6.25%
22 Prairie State Bank and Trust A 7669 7.9%6.75%
23 Flat Branch Mortgage A 7568 1.3%6.75%
24 JPMorgan Chase Bank B 6843 14.7%6.63%
25 Coastal Community Bank C 6819 1.5%10.99%

Best approval odds in Sangamon County

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

What Sangamon County borrowers applied for

By loan purpose

Home purchase 3,498 53% · 10.2% denied
Refinance 957 15% · 6.7% denied
Cash-out refinance 960 15% · 18.9% denied
Home improvement 553 8% · 22.4% denied
Other / HELOC 594 9% · 23.4% denied

By loan type

Conventional 5,458 83% · 13.1% denied
FHA 577 9% · 17.3% denied
VA 499 8% · 9.6% denied
USDA / RHS 28 0% · 10.7% denied

Why applications were denied

Credit history 358 43%
Debt-to-income ratio 207 25%
Collateral 108 13%
Incomplete application 67 8%
Other 55 7%
Unverifiable information 20 2%
Insufficient cash 18 2%
Employment history 8 1%

Sangamon County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,2843,74912.8%6.88%$105,000
20245,6703,91013.9%6.88%$115,000
20256,5624,51613.2%6.75%$125,000

Frequently asked questions

13.2% of applications in Sangamon County were denied in 2025, against 17.1% statewide in Illinois.

INB, with 665 applications in 2025 and a denial rate of 3.8%.

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