Illinois Mortgage Lending in 2025
Explore residential mortgage lending activity in Illinois using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 173,185 actionable applications (Actions 1, 2, and 3).
How Illinois Compares
Key metrics: Illinois vs. U.S. (2025)
| Metric | Illinois | U.S. |
|---|---|---|
| Actionable Apps | 173,185 | 5,197,320 |
| Approval Rate | 84.22% | 82.12% |
| Denial Rate | 15.78% | 17.88% |
| Originations | 140,493 | 4,052,301 |
| Originated Volume | $45.46 Billion | $1.58 Trillion |
| Median Loan | $275,000 | $325,000 |
Lending Trends in Illinois
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 204,738 | 225,546 | +10.16% |
| Actionable Apps | 160,515 | 173,185 | +7.89% |
| Originations | 130,444 | 140,493 | +7.70% |
| Approval Rate | 84.30% | 84.22% | -0.08 pp |
| Denial Rate | 15.70% | 15.78% | +0.08 pp |
| Median Loan | $255,000 | $275,000 | +7.84% |
| Dollar Volume | $39.47 Billion | $45.46 Billion | +15.17% |
Applications by Borrower Income (Illinois)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 39,348 | 87.92% | 12.08% |
| $150k+ | 47,411 | 92.38% | 7.62% |
| $50k–$99,999 | 60,548 | 81.99% | 18.01% |
| <$50k | 17,463 | 61.85% | 38.15% |
| Income unavailable/entity | 8,415 | 83.37% | 16.63% |
Metropolitan Areas in Illinois
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Chicago-Naperville-Schaumburg | 95,673 | 77,972 | 84.52% |
| St. Louis | 49,448 | 41,143 | 86.66% |
| Elgin | 13,176 | 11,171 | 87.71% |
| Lake County | 10,605 | 8,873 | 87.19% |
| Davenport-Moline-Rock Island | 6,034 | 5,065 | 87.09% |
| Peoria | 5,281 | 4,422 | 85.65% |
| Rockford | 4,951 | 4,040 | 85.46% |
| Springfield | 3,172 | 2,590 | 84.58% |
| Champaign-Urbana | 2,565 | 2,156 | 86.00% |
| Bloomington | 2,535 | 2,160 | 87.73% |
| Kankakee | 1,521 | 1,151 | 78.90% |
| Paducah | 1,357 | 912 | 72.00% |
| Cape Girardeau | 1,382 | 1,064 | 81.77% |
| Decatur | 1,386 | 1,105 | 81.89% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Illinois (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 9,929 | 86.53% |
| 2 | GUARANTEED RATE, INC. | 8,481 | 94.90% |
| 3 | ROCKET MORTGAGE | 8,424 | 78.38% |
| 4 | JPMorgan Chase Bank, NA | 7,161 | 88.24% |
| 5 | CROSSCOUNTRY MORTGAGE, LLC | 4,774 | 96.46% |
| 6 | FAIRWAY INDEPENDENT MORT CORP | 3,241 | 93.34% |
| 7 | loanDepot.com LLC | 2,925 | 82.49% |
| 8 | Mortgage Research Center | 2,921 | 76.50% |
| 9 | NEW AMERICAN FUNDING, LLC. | 2,830 | 90.39% |
| 10 | GREENSTATE CREDIT UNION | 2,441 | 91.98% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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Export official Illinois mortgage data for research, journalism, or analysis.