Shelby County, Illinois · 2025

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

88 lenders acted on 341 mortgage applications for properties in Shelby County in 2025. 15.8% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $115,000; median property value $165,000.

341Applications
15.8%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$115,000Median loan
$165,000Median property value

Largest lenders in Shelby County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 3020 26.7%6.38%
2 Broker Solutions D 2213 9.1%6.88%
3 Petefish, Skiles & C 2117 9.5%6.75%
4 First Mid Bank & Trust C 1712 5.9%7.31%
5 Mortgage Research Center C 159 13.3%6.13%
6 21st Mortgage F 102 30.0%11.87%
7 United Shore Financial Services B 104 10.0%5.87%
8 Newrez D 105 20.0%6.25%
9 AmeriSave Mortgage D 93 55.6%7.63%
10 Regions Bank C 83 50.0%6.88%
11 Vanderbilt Mortgage and Finance F 83 25.0%8.99%
12 Decatur Earthmover Credit Union C 76 14.3%6.35%
13 Pennymac Loan Services C 62 33.3%8.38%
14 U.S. Bank D 63 50.0%7.00%
15 Scott State Bank 64 16.7%
16 Midland States Bank C 63 0.0%6.63%
17 First National Bank of Pana A 66 0.0%
18 Fifth Third Bank D 54 0.0%7.88%
19 Heartland Bank and Trust D 54 0.0%7.70%
20 Citizens Equity First B 55 0.0%6.88%
21 New Day Financial F 52 0.0%6.74%
22 Busey Bank C 53 40.0%8.50%
23 Freedom Mortgage B 52 0.0%6.87%
24 Flat Branch Mortgage A 53 0.0%6.63%
25 Dieterich Bank C 53 20.0%

What Shelby County borrowers applied for

By loan purpose

Home purchase 187 55% · 10.2% denied
Refinance 52 15% · 7.7% denied
Cash-out refinance 57 17% · 29.8% denied
Home improvement 21 6% · 23.8% denied
Other / HELOC 24 7% · 37.5% denied

By loan type

Conventional 215 63% · 17.2% denied
FHA 57 17% · 17.5% denied
VA 47 14% · 10.6% denied
USDA / RHS 22 6% · 9.1% denied

Why applications were denied

Collateral 15 29%
Incomplete application 10 19%
Credit history 10 19%
Other 7 13%
Debt-to-income ratio 4 8%
Unverifiable information 2 4%
Insufficient cash 2 4%
Employment history 2 4%

Shelby County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202329717022.6%6.88%$95,000
202430318020.1%6.88%$105,000
202534119915.8%6.75%$115,000

Frequently asked questions

15.8% of applications in Shelby County were denied in 2025, against 17.1% statewide in Illinois.

Rocket Mortgage, with 30 applications in 2025 and a denial rate of 26.7%.

The median mortgage application in Shelby County in 2025 was for $115,000; the median property value on originated loans was $165,000.