Lenders › Sofi Bank, National Association › Illinois
Sofi Bank, National Association in Illinois
HMDA record for properties in Illinois, calendar year 2024. National record · Illinois overview
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.
Sofi Bank, National Association's 2024 HMDA record for Illinois covers 570 applications, 187 of them originated, worth $45m.
Its denial rate in the state was 34.9%, above the Illinois rate of 23.3% across all lenders and compared with the lender's national rate of 30.3%.
The median rate spread on its Illinois originations was 0.6 percentage points (state median 0.5).
Applications in the state were up 83% on 2023.
Compared with the state and the lender's national record
| Measure | In Illinois | Illinois, all lenders | Sofi Bank, National Association, all states | United States |
|---|---|---|---|---|
| Denial rate | 34.9% | 23.3% | 30.3% | 24.3% |
| Median rate spread, pp | 0.6 | 0.5 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 31.0% | 15.4% | 26.1% | 15.6% |
| Average originated loan | $240k | $273k | $317k | $329k |
| Home purchase share | 50.3% | 61.1% | 51.5% | 57.0% |
| FHA-insured share | 10.7% | 10.7% | 9.1% | 13.4% |
| VA-guaranteed share | 3.7% | 4.9% | 5.4% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateIllinois, all lenders
Loan purpose and loan type in Illinois
By purpose
Home purchase 50% (94)Home improvement 2% (4)Refinancing 6% (12)Cash-out refinancing 16% (30)Other purpose 25% (47)
By type
Conventional 86% (160)FHA 11% (20)VA 4% (7)
Denial reasons as coded
Share of 101 denials in Illinois by first denial reason coded (outlined bar: all lenders in the state).
Counties in Illinois
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Cook County | 228 | 58 | $18m | 42.6% |
| DuPage County | 54 | 20 | $5.1m | 30.0% |
| Will County | 47 | 17 | $3.7m | — |
| Lake County | 30 | 10 | $2.8m | — |
| Kane County | 29 | 8 | $2.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Sofi Bank, National Association originate in Illinois in 2024?
187 loans totalling $45m, from 570 applications reported for properties in Illinois.
What is Sofi Bank, National Association's denial rate in Illinois?
34.9% of decided applications in Illinois were denied, against 23.3% for all lenders in the state and 30.3% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Illinois counties does Sofi Bank, National Association lend in most?
By originations: Cook County (58), DuPage County (20), Will County (17), Lake County (10), Kane County (8).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Illinois. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.