Springfield Mortgage Lending in 2025

Explore mortgage lending activity in Springfield (MSA/MD Code 44100) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 44100
2,590 Loans Originated
• Primary State: Illinois (IL)
• $541.57 Million Originated Volume
• $185,000 Median Loan
Actionable Applications 3,172 +12.72% vs 2024
Approval Rate 84.58% -1.60 pp vs 2024
Denial Rate 15.42% +1.60 pp vs 2024
Loan Originations 2,590 +9.93% vs 2024
Originated Volume $541.57 Million +16.01% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 3,172 actionable applications (Actions 1, 2, and 3).

84.58%
15.42%
2,683 approved 489 denied
Action 1: Originated
2,590 (81.65%)
Action 2: Approved not accepted
93 (2.93%)
Action 3: Denied
489 (15.42%)
Action 4: Withdrawn (not in denominator)
468 —
Action 5: Incomplete (not in denominator)
178 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How Springfield Compares

Metro vs. State Baseline (2025)

Metric Springfield Illinois
Actionable Apps 3,172 173,185
Approval Rate 84.58% 84.22%
Denial Rate 15.42% 15.78%
Originations 2,590 140,493
Originated Volume $541.57 Million $45.46 Billion
Median Loan $185,000 $275,000
Compared against Illinois statewide baseline in 2025.

Lending Trends in Springfield

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 3,335 3,818 +14.48%
Actionable Apps 2,814 3,172 +12.72%
Originations 2,356 2,590 +9.93%
Approval Rate 86.18% 84.58% -1.60 pp
Denial Rate 13.82% 15.42% +1.60 pp
Median Loan $165,000 $185,000 +12.12%
Dollar Volume $466.84 Million $541.57 Million +16.01%

Applications by Borrower Income (Springfield)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 645 91.16% 8.84%
$150k+ 589 93.89% 6.11%
$50k–$99,999 1,233 83.70% 16.30%
<$50k 501 64.27% 35.73%
Income unavailable/entity 204 92.16% 7.84%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Illinois (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 44100, anchored in Illinois (IL).
Metro Share of State Apps 1.83%
Metro Share of State Volume 1.19%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Illinois statewide mortgage activity

Springfield is part of OpenFileData’s statewide coverage of Illinois. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Illinois Statewide Overview Active Profile
Statewide Actionable Applications: 173,185
Explore Illinois State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Illinois Profile

Compare all metropolitan areas located in Illinois.

View State Page →

Download Data

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.