Will County, Illinois · 2025

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

498 lenders acted on 28,315 mortgage applications for properties in Will County in 2025. 17.1% were denied (Illinois: 17.1%). Median rate on closed loans 6.75%; median loan $235,000; median property value $395,000.

28kApplications
17.1%Denial ratestate 17.1%
6.75%Median ratestate 6.75%
$235,000Median loan
$395,000Median property value

Largest lenders in Will County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Guaranteed Rate B 1,598946 5.1%6.75%
2 United Shore Financial Services B 1,3991,042 12.1%6.37%
3 Rocket Mortgage C 1,3791,008 17.0%6.88%
4 BMO Bank F 1,048589 27.8%8.60%
5 JPMorgan Chase Bank B 975645 9.4%6.49%
6 U.S. Bank D 695306 40.9%8.20%
7 Fifth Third Bank D 646330 31.6%7.75%
8 PNC Bank D 610332 26.4%7.49%
9 Crosscountry Mortgage B 608373 4.6%6.75%
10 The Huntington National Bank D 583305 32.4%6.94%
11 Loandepot.Com D 561361 16.6%6.81%
12 Pulte Mortgage A 519360 10.6%6.50%
13 Newrez D 518173 22.2%6.75%
14 Bank of America F 499186 37.3%5.99%
15 Old National Bank B 494291 27.7%6.24%
16 Coastal Community Bank C 486111 2.3%10.99%
17 Fairway Independent Mortgage B 443296 7.5%6.88%
18 American Pacific Mortgage C 424342 2.8%6.75%
19 GREENSTATE Credit Union B 405293 7.4%7.00%
20 Pennymac Loan Services C 399196 12.8%6.56%
21 Freedom Mortgage B 387155 9.8%6.25%
22 First American Bank C 349199 30.1%7.25%
23 Numark Credit Union C 349219 20.3%7.50%
24 Lennar Mortgage A 319261 6.6%5.38%
25 Nationstar Mortgage C 314198 18.5%8.44%

Best approval odds in Will County

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

What Will County borrowers applied for

By loan purpose

Home purchase 11,898 42% · 8.4% denied
Refinance 4,672 17% · 14.3% denied
Cash-out refinance 4,840 17% · 22.1% denied
Home improvement 2,864 10% · 30.8% denied
Other / HELOC 4,041 14% · 29.8% denied

By loan type

Conventional 23,186 82% · 16.7% denied
FHA 3,774 13% · 20.6% denied
VA 1,347 5% · 12.7% denied
USDA / RHS 8 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 1,750 37%
Credit history 1,132 24%
Incomplete application 720 15%
Collateral 562 12%
Other 274 6%
Unverifiable information 185 4%
Insufficient cash 125 3%
Employment history 39 1%

Will County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202322,38012,86619.2%6.99%$195,000
202425,47314,71718.8%6.99%$215,000
202528,31516,62417.1%6.75%$235,000

Frequently asked questions

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

Guaranteed Rate, with 1,598 applications in 2025 and a denial rate of 5.1%.

The median mortgage application in Will County in 2025 was for $235,000; the median property value on originated loans was $395,000.