State report · HMDA 2025
Illinois mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Illinois's 102 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 104,450 home-purchase mortgages for owner-occupied, single-family homes in Illinois. The median buyer borrowed $275,000 on a home valued at $325,000 and reported a household income of $108,000.
Buyers financed a median 90% of the home's value (roughly 10% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $6,090.
Lenders denied 9.2% of completed home-purchase applications.
Purchase loans
104,450
846 lenders active
Buyer income
$108,000
U.S. $116,000
Down payment
10%
U.S. 10%
30-yr fixed rate
6.625%
U.S. 6.625%
Loan costs
$6,090
Conventional · U.S. $5,570
FHA limit 2026
$541,287
1-unit home, all counties
Key facts
- Median conventional loan costs ($6,090) were 9% higher than the U.S. median ($5,570).
- FHA loans made up 14.3% of purchase mortgages, versus 21.1% nationally.
- The most common age bracket among borrowers was 25–34 (35.5% of purchase loans).
- 57.1% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (29.5% of denials with a stated reason).
The 2026 conforming limit is $832,750 for a one-unit home in every Illinois county. See every Illinois county's 2026 FHA and conforming loan limits.
Illinois counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Adams County | 424 | $165,000 | $76,000 | 5.0% | 6.625% | $2,400 | 6.1% | $541,287 |
| Alexander County | 11 | — | — | — | — | — | — | $541,287 |
| Bond County | 116 | $145,000 | $85,000 | 3.5% | — | $2,850 | 13.8% | $541,287 |
| Boone County | 469 | $245,000 | $98,000 | 5.0% | 6.625% | $3,930 | 7.6% | $541,287 |
| Brown County | 18 | — | — | — | — | — | — | $541,287 |
| Bureau County | 227 | $135,000 | $76,000 | 5.0% | 6.800% | $2,910 | 8.9% | $541,287 |
| Calhoun County | 19 | — | — | — | — | — | — | $541,287 |
| Carroll County | 98 | $125,000 | $74,000 | 5.0% | 6.625% | $3,590 | 12.4% | $541,287 |
| Cass County | 66 | $125,000 | $61,000 | 5.0% | — | — | 15.4% | $541,287 |
| Champaign County | 1,575 | $215,000 | $99,000 | 10.0% | 6.625% | $2,920 | 5.2% | $541,287 |
| Christian County | 277 | $135,000 | $71,000 | 5.0% | 6.750% | $2,880 | 11.6% | $541,287 |
| Clark County | 89 | $155,000 | $85,000 | 5.0% | 6.750% | $2,780 | 14.4% | $541,287 |
| Clay County | 61 | $125,000 | $62,000 | 5.0% | — | — | 11.6% | $541,287 |
| Clinton County | 308 | $195,000 | $94,000 | 5.0% | 6.625% | $2,930 | 6.3% | $541,287 |
| Coles County | 287 | $135,000 | $74,000 | 5.0% | 6.625% | $2,690 | 9.1% | $541,287 |
| Cook County | 37,211 | $315,000 | $118,000 | 10.0% | 6.750% | $6,640 | 11.4% | $541,287 |
| Crawford County | 57 | $135,000 | $81,000 | 8.5% | — | $3,230 | 13.2% | $541,287 |
| Cumberland County | 49 | $135,000 | $78,000 | 5.0% | — | — | 5.2% | $541,287 |
| DeKalb County | 1,083 | $255,000 | $99,000 | 9.1% | 6.625% | $4,250 | 8.4% | $541,287 |
| De Witt County | 139 | $145,000 | $80,000 | 5.0% | 6.625% | $2,770 | 9.0% | $541,287 |
| Douglas County | 160 | $155,000 | $76,000 | 5.0% | 6.625% | $2,810 | 6.3% | $541,287 |
| DuPage County | 7,445 | $355,000 | $137,000 | 20.0% | 6.650% | $6,460 | 6.7% | $541,287 |
| Edgar County | 103 | $115,000 | $68,000 | 3.5% | 6.750% | $2,860 | 13.9% | $541,287 |
| Edwards County | 21 | — | — | — | — | — | — | $541,287 |
| Effingham County | 218 | $185,000 | $89,000 | 5.0% | 6.625% | $2,960 | 9.3% | $541,287 |
| Fayette County | 104 | $135,000 | $79,000 | 3.5% | 6.625% | $2,300 | 16.1% | $541,287 |
| Ford County | 142 | $135,000 | $71,000 | 5.0% | 6.625% | $3,060 | 10.3% | $541,287 |
| Franklin County | 259 | $115,000 | $64,000 | 3.5% | 6.625% | $2,970 | 7.3% | $541,287 |
| Fulton County | 297 | $105,000 | $63,000 | 4.0% | 6.750% | $2,450 | 13.0% | $541,287 |
| Gallatin County | 21 | — | — | — | — | — | — | $541,287 |
| Greene County | 94 | $125,000 | $75,000 | 5.0% | 6.375% | $2,290 | 13.6% | $541,287 |
| Grundy County | 554 | $275,000 | $108,000 | 7.5% | 6.750% | $6,000 | 6.3% | $541,287 |
| Hamilton County | 30 | $125,000 | $56,000 | — | — | — | 16.2% | $541,287 |
| Hancock County | 94 | $105,000 | $64,000 | 9.4% | 6.500% | $2,140 | 17.2% | $541,287 |
| Hardin County | 7 | — | — | — | — | — | — | $541,287 |
| Henderson County | 28 | — | — | — | — | — | 17.1% | $541,287 |
| Henry County | 496 | $145,000 | $83,000 | 5.0% | 6.500% | $2,870 | 7.3% | $541,287 |
| Iroquois County | 194 | $165,000 | $79,000 | 5.0% | 6.750% | $3,720 | 8.8% | $541,287 |
| Jackson County | 264 | $145,000 | $79,000 | 5.0% | 6.750% | $3,170 | 11.9% | $541,287 |
| Jasper County | 50 | $145,000 | $69,000 | — | — | — | 8.3% | $541,287 |
| Jefferson County | 191 | $145,000 | $73,000 | 5.0% | 6.750% | $2,710 | 10.1% | $541,287 |
| Jersey County | 227 | $155,000 | $80,000 | 5.0% | 6.625% | $2,820 | 8.9% | $541,287 |
| Jo Daviess County | 133 | $195,000 | $91,000 | 10.0% | 6.500% | $3,530 | 11.7% | $541,287 |
| Johnson County | 52 | $175,000 | $75,000 | 5.0% | — | — | 14.5% | $541,287 |
| Kane County | 5,205 | $325,000 | $120,000 | 13.1% | 6.625% | $6,280 | 7.5% | $541,287 |
| Kankakee County | 900 | $205,000 | $88,000 | 5.0% | 6.750% | $4,570 | 8.1% | $541,287 |
| Kendall County | 1,736 | $345,000 | $123,000 | 10.0% | 6.750% | $6,250 | 8.4% | $541,287 |
| Knox County | 393 | $115,000 | $70,000 | 5.0% | 6.500% | $2,440 | 8.9% | $541,287 |
| Lake County | 6,223 | $335,000 | $134,000 | 15.0% | 6.625% | $6,360 | 7.2% | $541,287 |
| LaSalle County | 975 | $165,000 | $82,000 | 5.0% | 6.625% | $3,840 | 9.4% | $541,287 |
| Lawrence County | 64 | $135,000 | $77,000 | 4.5% | — | — | 13.0% | $541,287 |
| Lee County | 222 | $165,000 | $81,000 | 5.0% | 6.875% | $3,790 | 7.3% | $541,287 |
| Livingston County | 356 | $145,000 | $73,000 | 5.0% | 6.625% | $3,050 | 5.8% | $541,287 |
| Logan County | 276 | $135,000 | $70,000 | 5.0% | 6.750% | $2,690 | 7.9% | $541,287 |
| McDonough County | 186 | $105,000 | $62,000 | 5.0% | 6.625% | $2,380 | 10.8% | $541,287 |
| McHenry County | 3,662 | $305,000 | $111,000 | 10.0% | 6.625% | $6,130 | 6.6% | $541,287 |
| McLean County | 1,634 | $215,000 | $102,000 | 10.0% | 6.625% | $3,190 | 4.5% | $541,287 |
| Macon County | 1,011 | $145,000 | $77,000 | 5.0% | 6.625% | $3,200 | 9.7% | $541,287 |
| Macoupin County | 373 | $145,000 | $76,000 | 5.0% | 6.625% | $2,540 | 13.0% | $541,287 |
| Madison County | 2,913 | $195,000 | $90,000 | 5.0% | 6.625% | $2,970 | 7.3% | $541,287 |
| Marion County | 239 | $135,000 | $67,000 | 4.1% | 6.750% | $2,820 | 10.5% | $541,287 |
| Marshall County | 130 | $145,000 | $71,000 | 6.7% | 6.625% | $2,970 | 6.4% | $541,287 |
| Mason County | 127 | $105,000 | $67,000 | 5.0% | 6.500% | $2,440 | 13.5% | $541,287 |
| Massac County | 90 | $115,000 | $60,000 | 3.0% | — | — | 12.2% | $541,287 |
| Menard County | 135 | $165,000 | $87,000 | 5.0% | 6.750% | $2,410 | 7.3% | $541,287 |
| Mercer County | 166 | $135,000 | $77,000 | 5.0% | 6.500% | $2,530 | 7.1% | $541,287 |
| Monroe County | 379 | $255,000 | $118,000 | 10.0% | 6.750% | $3,280 | 5.3% | $541,287 |
| Montgomery County | 182 | $125,000 | $69,000 | 5.0% | 6.500% | $2,550 | 14.5% | $541,287 |
| Morgan County | 198 | $135,000 | $85,000 | 7.7% | 6.625% | $2,300 | 14.5% | $541,287 |
| Moultrie County | 96 | $145,000 | $77,000 | 5.0% | 6.625% | $2,780 | 14.3% | $541,287 |
| Ogle County | 485 | $195,000 | $91,000 | 5.0% | 6.750% | $3,480 | 6.3% | $541,287 |
| Peoria County | 1,779 | $165,000 | $84,000 | 5.0% | 6.625% | $2,750 | 5.2% | $541,287 |
| Perry County | 82 | $145,000 | $75,000 | 3.5% | — | — | 8.3% | $541,287 |
| Piatt County | 219 | $185,000 | $86,000 | 5.0% | 6.625% | $2,720 | 5.6% | $541,287 |
| Pike County | 61 | $125,000 | $64,000 | 3.5% | — | — | 16.4% | $541,287 |
| Pope County | 24 | — | — | — | — | — | — | $541,287 |
| Pulaski County | 10 | — | — | — | — | — | — | $541,287 |
| Putnam County | 38 | $165,000 | $83,000 | — | — | — | 16.7% | $541,287 |
| Randolph County | 188 | $145,000 | $76,000 | 3.5% | 6.625% | $2,980 | 6.6% | $541,287 |
| Richland County | 47 | $125,000 | $62,000 | 3.6% | — | — | 15.0% | $541,287 |
| Rock Island County | 1,340 | $155,000 | $72,000 | 5.0% | 6.375% | $2,670 | 7.5% | $541,287 |
| St. Clair County | 2,491 | $225,000 | $98,000 | 4.1% | 6.750% | $2,860 | 7.9% | $541,287 |
| Saline County | 135 | $125,000 | $78,000 | 5.0% | 6.500% | $2,900 | 10.0% | $541,287 |
| Sangamon County | 2,036 | $185,000 | $95,000 | 10.0% | 6.625% | $2,430 | 5.5% | $541,287 |
| Schuyler County | 31 | $125,000 | $76,000 | — | — | — | 11.1% | $541,287 |
| Scott County | 26 | — | — | — | — | — | 12.5% | $541,287 |
| Shelby County | 111 | $145,000 | $75,000 | 5.0% | 6.625% | $2,800 | 8.9% | $541,287 |
| Stark County | 33 | $115,000 | $68,000 | — | — | — | 7.9% | $541,287 |
| Stephenson County | 326 | $135,000 | $71,000 | 5.0% | 6.625% | $3,610 | 10.7% | $541,287 |
| Tazewell County | 1,344 | $165,000 | $80,000 | 5.0% | 6.625% | $2,640 | 5.4% | $541,287 |
| Union County | 85 | $135,000 | $69,000 | 5.0% | 6.625% | $3,140 | 8.2% | $541,287 |
| Vermilion County | 502 | $125,000 | $68,000 | 3.5% | 6.750% | $3,090 | 8.7% | $541,287 |
| Wabash County | 63 | $145,000 | $71,000 | 5.0% | 6.375% | $3,750 | 18.8% | $541,287 |
| Warren County | 84 | $125,000 | $62,000 | 5.0% | — | $2,540 | 9.3% | $541,287 |
| Washington County | 77 | $145,000 | $72,000 | 5.0% | 6.875% | $3,290 | 7.0% | $541,287 |
| Wayne County | 61 | $125,000 | $66,000 | 5.0% | — | — | 16.4% | $541,287 |
| White County | 89 | $125,000 | $71,000 | 5.0% | 6.500% | $2,920 | 15.7% | $541,287 |
| Whiteside County | 410 | $135,000 | $70,000 | 3.5% | 6.625% | $3,510 | 9.9% | $541,287 |
| Will County | 7,085 | $325,000 | $124,000 | 10.0% | 6.625% | $6,380 | 9.1% | $541,287 |
| Williamson County | 563 | $175,000 | $83,000 | 3.5% | 6.625% | $3,330 | 7.5% | $541,287 |
| Winnebago County | 2,524 | $185,000 | $81,000 | 5.0% | 6.625% | $3,570 | 7.7% | $541,287 |
| Woodford County | 402 | $185,000 | $98,000 | 10.0% | 6.625% | $2,730 | 4.7% | $541,287 |
Who bought homes in Illinois
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Purchase loans
104,450
of 117,973 applications
Buyer income
$108,000
Middle half $74,000–$166,000
Home value
$325,000
Middle half $215,000–$475,000
Loan amount
$275,000
Middle half $175,000–$385,000
Down payment
10%
40.2% put 20%+ down
Single borrower
57.1%
No co-applicant
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Illinois
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Illinois | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.575% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.27 pts | +0.13 pts |
| Total loan costs · conventional | $6,090 | $5,570 |
| Total loan costs · FHA | $10,420 | $11,310 |
| Total loan costs · VA | $5,370 | $6,490 |
| Origination charges (all loan types) | $1,600 | $1,860 |
| Borrowers paying discount points | 36.7% | 51.3% |
| Points paid, when paid (% of loan) | 0.51% | 0.87% |
| Borrowers receiving lender credits | 35.9% | 33.1% |
| Adjustable-rate mortgages | 5.3% | 7.4% |
| Jumbo loans (above conforming limit) | 3.0% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Illinois: 10,798 of 117,973 completed home-purchase applications were denied (9.2%).
Denial rate
| Application | Illinois | U.S. |
|---|---|---|
| Home purchase | 9.2% | 8.5% |
| Conventional | 7.5% | 7.1% |
| FHA | 16.6% | 12.5% |
| VA | 9.1% | 8.0% |
| USDA | 16.2% | 12.5% |
| Refinance | 15.2% | 17.9% |
| Cash-out refinance | 35.4% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Illinois
Refinances
26,177
Median loan $315,000
Refi rate
6.375%
30-yr fixed, conv.
Refi loan costs
$2,940
Conventional
Cash-out refis
16,101
Median loan $205,000
Cash-out rate
6.99%
30-yr fixed, conv.
Cash-out income
$97,000
Median borrower
Top mortgage lenders in Illinois
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 9,907 | 6.8% | 9.8% | 6.782% | +0.41 | $6,640 |
| 2 | Rate | 8,469 | 5.8% | 4.5% | 6.750% | +0.32 | $6,560 |
| 3 | Rocket Mortgage, LLC | 8,369 | 5.7% | 14.7% | 6.625% | +0.35 | $6,260 |
| 4 | JPMorgan Chase Bank, N.A. | 7,161 | 4.9% | 11.0% | 6.500% | +0.03 | $5,120 |
| 5 | CrossCountry Mortgage, Inc. | 4,759 | 3.2% | 3.2% | 6.875% | +0.45 | $6,860 |
| 6 | Fairway Independent Mortgage Corporation | 3,234 | 2.2% | 6.4% | 6.875% | +0.56 | $6,700 |
| 7 | loanDepot.com, LLC | 2,917 | 2.0% | 7.7% | 6.875% | +0.52 | $7,020 |
| 8 | Veterans United Home Loans | 2,899 | 2.0% | 9.5% | 6.625% | +0.34 | $3,330 |
| 9 | New American Funding | 2,797 | 1.9% | 4.7% | 6.875% | +0.51 | $5,850 |
| 10 | Barrington Bank & Trust Company, N.A. | 2,420 | 1.7% | 6.1% | 6.875% | +0.31 | $6,170 |
| 11 | Guild Mortgage Company | 2,401 | 1.6% | 4.8% | 6.750% | +0.40 | $6,160 |
| 12 | Greenstate Credit Union | 2,378 | 1.6% | 2.8% | 6.490% | +0.12 | $5,540 |
| 13 | U.S. Bank, N.A. | 2,206 | 1.5% | 11.5% | 6.625% | +0.13 | $5,510 |
| 14 | American Pacific Mortgage Corporation | 2,205 | 1.5% | 6.1% | 6.875% | +0.49 | $6,610 |
| 15 | Pennymac Loan Services, LLC | 1,866 | 1.3% | 18.3% | 6.750% | +0.37 | $6,980 |
| 16 | The Huntington National Bank | 1,713 | 1.2% | 11.7% | 6.500% | +0.15 | $6,630 |
| 17 | Flat Branch Mortgage, Inc. | 1,662 | 1.1% | 1.8% | 6.625% | +0.37 | $2,890 |
| 18 | OriginPoint, LLC | 1,590 | 1.1% | 2.8% | 6.750% | +0.27 | $6,680 |
| 19 | Freedom Mortgage Corporation | 1,554 | 1.1% | 22.1% | 7.000% | +0.65 | $5,760 |
| 20 | Union Home Mortgage Corp. | 1,507 | 1.0% | 7.2% | 6.875% | +0.40 | $6,820 |
| 21 | Key Mortgage Services, Inc. | 1,289 | 0.9% | 3.3% | 6.750% | +0.29 | $6,670 |
| 22 | Newrez LLC | 1,278 | 0.9% | 12.5% | 6.875% | +0.53 | $6,790 |
| 23 | A & N Mortgage Services, Inc. | 1,260 | 0.9% | 0.0% | 6.625% | +0.21 | $6,550 |
| 24 | Fifth Third Bank, N.A. | 1,254 | 0.9% | 9.2% | 6.625% | +0.16 | $6,340 |
| 25 | Citizens Equity First | 1,212 | 0.8% | 2.1% | 6.500% | −0.07 | $1,210 |
Largest lenders in Illinois by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Illinois
- Chicago-Naperville-Schaumburg, IL · 55,957 purchases
- St. Louis, MO-IL · 28,803 purchases
- Elgin, IL · 8,024 purchases
- Lake County, IL · 6,223 purchases
- Davenport-Moline-Rock Island, IA-IL · 4,102 purchases
- Peoria, IL · 3,688 purchases
- Rockford, IL · 2,993 purchases
- Springfield, IL · 2,171 purchases
- Champaign-Urbana, IL · 1,936 purchases
- Bloomington, IL · 1,634 purchases
- Kankakee, IL · 900 purchases
- Decatur, IL · 1,011 purchases
- Paducah, KY-IL · 823 purchases
- Cape Girardeau, MO-IL · 874 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology