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Rocket Mortgage in Illinois

HMDA record for properties in Illinois, calendar year 2024. National record · Illinois overview

LEI 549300FGXN1K3HLB1R50
Reporting agency Department of Housing and Urban Development
State Illinois

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.

In Illinois, Rocket Mortgage reported 12,919 applications and 9,338 originations for 2024, $2.0bn in all.

Its denial rate in the state was 19.8%, below the Illinois rate of 23.3% across all lenders and compared with the lender's national rate of 18.2%.

The median rate spread on its Illinois originations was 0.6 percentage points (state median 0.5).

Applications in the state were up 26% on 2023.

12,919applications in IL, 20242.6% of the lender's total
9,338loans originated$2.0bn
19.8%denial rateIL all lenders 23.3%
0.6 ppmedian rate spreadIL 0.5 pp

Compared with the state and the lender's national record

MeasureIn IllinoisIllinois, all lendersRocket Mortgage, all statesUnited States
Denial rate19.8%23.3%18.2%24.3%
Median rate spread, pp0.60.50.50.3
Originations with spread of 1.5 pp or more17.3%15.4%17.8%15.6%
Average originated loan$210k$273k$270k$329k
Home purchase share40.1%61.1%38.0%57.0%
FHA-insured share23.2%10.7%18.5%13.4%
VA-guaranteed share5.4%4.9%7.8%7.9%

Trend by year

ApplicationsOriginations

07983.515,9672022: 15,967 Applications2023: 10,257 Applications2024: 12,919 Applications2022: 10,770 Originations2023: 7,243 Originations2024: 9,338 Originations202220232024
Rocket Mortgage in Illinois: applications and originations, 2022–2024

This lender in stateIllinois, all lenders

0%11.8%23.7%2022: 23.7% This lender in state2023: 21.1% This lender in state2024: 19.8% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Illinois

By purpose

Home purchase 40% (3,742)Home improvement 1% (80)Refinancing 9% (873)Cash-out refinancing 45% (4,187)Other purpose 5% (456)

By type

Conventional 71% (6,667)FHA 23% (2,164)VA 5% (507)

Denial reasons as coded

Collateral45.7%
Debt-to-income ratio18.7%
Credit application incomplete15.8%
Credit history8%
Other4.3%
Insufficient cash (downpayment, closing costs)3.3%
Unverifiable information2.8%
Employment history1.4%
Mortgage insurance denied0%

Share of 2,360 denials in Illinois by first denial reason coded (outlined bar: all lenders in the state).

Counties in Illinois

CountyApplicationsOriginationsAmountDenial rate
Cook County4,5183,093$740m23.1%
Will County1,114842$192m17.0%
DuPage County841651$174m12.4%
Lake County735582$143m13.2%
Kane County615482$116m16.1%
McHenry County477382$78m12.8%
Winnebago County411305$48m16.6%
Madison County279196$31m21.7%
St. Clair County267183$35m25.7%
Kendall County226178$41m12.9%
McLean County180137$26m19.1%
Sangamon County162130$18m14.8%
Kankakee County165126$21m18.5%
Champaign County162115$20m16.6%
Tazewell County137108$16m15.5%
Peoria County143106$19m21.7%
DeKalb County12189$17m19.6%
LaSalle County12487$12m23.3%
Rock Island County11787$12m15.9%
Macon County10679$12m14.6%
Ogle County7358$10m13.4%
Grundy County7255$11m7.6%
Boone County7254$11m16.7%
Knox County6849$6.1m19.0%
Williamson County7443$7.1m30.2%
Jackson County6441$5.7m25.0%
Whiteside County5539$4.4m23.1%
Vermilion County5836$4.3m28.3%
Stephenson County5036$4.7m23.4%
Coles County4132$3.8m17.9%
Monroe County3832$6.5m13.5%
Henry County4731$4.1m26.2%
Franklin County4930$3.7m31.8%
Lee County3928$3.8m26.3%
Adams County3928$4.5m20.0%
Woodford County3227$4.4m10.0%
McDonough County3326$3.4m10.3%
Macoupin County4325$3.4m39.0%
Jefferson County3624$3.6m27.3%
Montgomery County3624$2.5m29.4%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Rocket Mortgage originate in Illinois in 2024?

9,338 loans totalling $2.0bn, from 12,919 applications reported for properties in Illinois.

What is Rocket Mortgage's denial rate in Illinois?

19.8% of decided applications in Illinois were denied, against 23.3% for all lenders in the state and 18.2% 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 Rocket Mortgage lend in most?

By originations: Cook County (3,093), Will County (842), DuPage County (651), Lake County (582), Kane County (482).

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.