McLean County, IL: mortgage lenders, denial rate and originations, 2024

States › Illinois › McLean County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Lenders reported 4,511 mortgage applications in McLean County, Illinois, for 2024, and originated 3,177 loans worth $699m.

That is 45.2 originations per 1,000 households, against 41.2 for Illinois and 48.0 nationally.

The county's denial rate was 15.5%, below the state rate of 23.3%. The median rate spread on originated loans was 0.4 percentage points and 11.8% of originations were 1.5 points or more above the average prime offer rate.

40 lenders reached 25 applications in the county; the most active by originations were First State Mortgage Services (611), Citizens Equity First Credit U (268) and PNC Bank N.A. (167).

Originations were up 6% on 2023.

4,511applications, 2024

3,177loans originated$699m

15.5%denial rateIL 23.3% · US 24.3%

45.2originations per 1,000 householdsIL 41.2 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	First State Mortgage Services	687	611	$141m	2.1%	—
2	Citizens Equity First Credit U	419	268	$35m	17.3%	—
3	PNC Bank N.A.	243	167	$23m	15.8%	—
4	Rocket Mortgage	180	137	$26m	19.1%	—
5	Compass Mortgage, Inc.	128	119	$20m	0.8%	—
6	Morton Community Bank	138	111	$23m	8.1%	—
7	Busey Bank	131	104	$13m	4.5%	—
8	First State Bank	114	104	$20m	2.8%	—
9	Illinois State Credit Union	85	80	$15m	2.4%	—
10	Heartland Bank and Trust Company	79	60	$12m	11.3%	—
11	Iaa Credit Union	61	56	$11m	1.8%	—
12	United Wholesale Mortgage	64	54	$11m	9.8%	—
13	Us Bank, N.A.	103	53	$11m	39.3%	—
14	Point Mortgage Corp	54	53	$10m	0.0%	—
15	Flanagan State Bank	62	47	$8.4m	14.5%	—
16	American Pacific Mortgage Corporation	59	47	$9.3m	9.6%	—
17	Commerce Bank	85	45	$5.4m	34.3%	—
18	Inb, National Association	57	45	$11m	10.0%	—
19	JPMorgan Chase Bank, NA	55	42	$9.8m	15.7%	—
20	Guild Mortgage Company	49	39	$7.6m	8.9%	—
21	Ixonia Bank	43	39	$8.6m	2.5%	—
22	Mortgage Research Center	61	38	$9.6m	20.8%	—
23	First State Bank and Trust	45	38	$9.0m	4.7%	—
24	Bank of Pontiac	45	35	$8.1m	7.1%	—
25	Flat Branch Mortgage, Inc.	35	31	$5.9m	6.1%	—
26	Pennymac Loan Services LLC	53	26	$6.0m	24.3%	—
27	Navy Federal Credit Union	39	25	$4.5m	16.7%	—
28	Prairie State Bank & Trust	26	25	$6.2m	0.0%	—
29	Nationstar Mortgage	28	22	$3.8m	11.5%	—
30	Regions Bank	30	19	$1.6m	28.6%	—
31	Synergy One Lending, Inc.	27	19	$2.7m	—	—
32	Discover Bank	96	18	$1.3m	71.9%	—
33	New American Funding, LLC.	37	16	$3.2m	—	—
34	Figure Lending LLC	34	16	$1.0m	31.3%	—
35	Freedom Mortgage Corporation	33	16	$3.1m	—	—
36	Loandepot.com, LLC	31	16	$3.0m	32.0%	—
37	21st Mortgage	79	15	$785k	72.7%	—
38	Coastal Community Bank	38	13	$545k	0.0%	—
39	Amerisave Mortgage Company	42	10	$1.5m	70.6%	—
40	Newrez LLC	38	9	$1.8m	—	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 40. Denial rate is denials over decided applications in this county.

Compared with Illinois and the nation

Measure	This county	Illinois	United States
Denial rate	15.5%	23.3%	24.3%
Median rate spread, pp	0.4	0.5	0.3
Originations with spread of 1.5 pp or more	11.8%	15.4%	15.6%
Average originated loan	$220k	$273k	$329k
Originations per 1,000 households	45.2	41.2	48.0
Home purchase share of originations	65.8%	61.1%	57.0%
FHA-insured share	8.0%	10.7%	13.4%
VA-guaranteed share	4.6%	4.9%	7.9%

Rate spread distribution

Below 0 pp23.9%

0 to 0.5 pp33.1%

0.5 to 1 pp20.8%

1 to 1.5 pp10.3%

1.5 to 3 pp6%

3 or more pp5.8%

Share of 2,731 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Illinois). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 66% (2,091)Home improvement 8% (243)Refinancing 11% (341)Cash-out refinancing 9% (275)Other purpose 7% (227)

By type

Conventional 87% (2,764)FHA 8% (253)VA 5% (146)USDA 0% (14)

Trend by year

ApplicationsOriginations

Applications and originations in McLean County, 2022–2024

This countyIllinois

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in McLean County, IL?

By 2024 originations: First State Mortgage Services (611), Citizens Equity First Credit U (268), PNC Bank N.A. (167), Rocket Mortgage (137), Compass Mortgage, Inc. (119). 40 lenders had at least 25 applications in the county.

What is the mortgage denial rate in McLean County?

15.5% of decided applications were denied in 2024, against 23.3% across Illinois and 24.3% nationally.

How many mortgages were originated in McLean County in 2024?

3,177 loans totalling $699m, from 4,511 applications; 45.2 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 17113; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.