Union County, Illinois · 2025

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

80 lenders acted on 310 mortgage applications for properties in Union County in 2025. 17.7% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $125,000; median property value $195,000.

310Applications
17.7%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$125,000Median loan
$195,000Median property value

Largest lenders in Union County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Southern Bank A 2617 0.0%7.45%
2 Rocket Mortgage C 2619 15.4%6.75%
3 Firsttrust Home Loans B 2220 0.0%6.63%
4 Mortgage Research Center C 177 17.7%6.63%
5 U.S. Bank D 146 35.7%8.73%
6 SIU Credit Union C 1210 0.0%
7 21st Mortgage F 103 50.0%10.13%
8 Farmers State Bank of Alto Pass, Ill. B 108 10.0%
9 Guild Mortgage A 107 0.0%6.50%
10 Pennymac Loan Services C 97 0.0%5.99%
11 Vanderbilt Mortgage and Finance F 90 44.4%
12 Navy Federal Credit Union D 73 14.3%7.13%
13 AmeriSave Mortgage D 62 66.7%7.44%
14 Gershman Investment B 65 0.0%6.88%
15 Broker Solutions D 62 0.0%6.88%
16 Triad Financial Services D 60 83.3%
17 Premier Mortgage Resources B 65 0.0%7.13%

What Union County borrowers applied for

By loan purpose

Home purchase 180 58% · 14.4% denied
Refinance 37 12% · 8.1% denied
Cash-out refinance 39 13% · 30.8% denied
Home improvement 26 8% · 15.4% denied
Other / HELOC 28 9% · 35.7% denied

By loan type

Conventional 215 69% · 18.1% denied
FHA 48 15% · 22.9% denied
VA 36 12% · 13.9% denied
USDA / RHS 11 4% · 0.0% denied

Why applications were denied

Credit history 19 35%
Collateral 15 28%
Debt-to-income ratio 11 20%
Incomplete application 6 11%
Insufficient cash 1 2%
Other 1 2%
Employment history 1 2%

Union County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202325513322.4%6.99%$105,000
202426313119.8%7.13%$105,000
202531017317.7%6.75%$125,000

Frequently asked questions

17.7% of applications in Union County were denied in 2025, against 17.1% statewide in Illinois.

Southern Bank, with 26 applications in 2025 and a denial rate of 0.0%.

The median mortgage application in Union County in 2025 was for $125,000; the median property value on originated loans was $195,000.