Illinois
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Illinois.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Illinois.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 502,511
Total Mortgage Loan Application Amount $110,062,219,000
Average Mortgage Loan Application Amount $219,000
Highest Mortgage Loan Application Amount $250,000,000
Average Applicant Income $106,000
Highest Applicant Income $147,759,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Illinois, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Illinois in 2017

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 270,607 $62,132,515,000 $229,000 $89,624,000 $95,000 $17,715,000
Refinancing 196,832 $43,886,674,000 $222,000 $250,000,000 $114,000 $147,759,000
Home Improvement 35,072 $4,043,030,000 $115,000 $75,000,000 $151,000 $30,178,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 293,830 $62,045,658,000 $211,000 $75,000,000 $127,000 $46,667,000
Not applicable 56,271 $18,393,377,000 $326,000 $250,000,000 $15,000 $3,420,000
Hispanic 49,310 $8,314,147,000 $168,000 $2,299,000 $75,000 $15,431,000
Not Provided 39,642 $8,701,360,000 $219,000 $68,000,000 $133,000 $147,759,000
Black or African American 35,589 $5,382,997,000 $151,000 $3,000,000 $77,000 $45,000,000
Asian 25,588 $6,812,982,000 $266,000 $5,300,000 $135,000 $17,715,000
American Indian or Alaskan Native 1,333 $208,269,000 $156,000 $2,360,000 $84,000 $1,860,000
Native Hawaiin or Other Pacific Islander 948 $203,429,000 $214,000 $1,200,000 $108,000 $828,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 371,931 $87,082,832,000 $234,000 $250,000,000 $118,000 $132,000,000
FHA-insured (Federal Housing Administration) 97,229 $16,933,850,000 $174,000 $70,202,000 $75,000 $34,167,000
VA-guaranteed (Veterans Administration) 26,505 $5,385,851,000 $203,000 $1,721,000 $79,000 $147,759,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,846 $659,686,000 $96,000 $948,000 $33,000 $1,111,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 265,490 $61,011,592,000 $229,000 $93,000,000 $113,000 $30,178,000
Loan Purchased By The Institution 84,456 $18,415,019,000 $218,000 $58,400,000 $59,000 $4,770,000
Application Denied By Financial Institution 68,204 $11,605,720,000 $170,000 $95,000,000 $96,000 $45,000,000
Application Withdrawn By Applicant 55,054 $13,012,295,000 $236,000 $250,000,000 $157,000 $147,759,000
File Closed For Incompleteness 18,127 $3,882,255,000 $214,000 $68,000,000 $102,000 $132,000,000
Application Approved But Not Accepted 11,170 $2,133,347,000 $190,000 $18,500,000 $112,000 $24,500,000
Preapproval Denied by Financial Institution 9 $1,919,000 $213,000 $579,000 $76,000 $153,000
Preapproval Approved but not Accepted 1 $72,000 $72,000 $72,000 $47,000 $47,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 13,126 $1,426,211,000 $108,000 $20,000,000 $89,000 $14,258,000
Debt-To-Income Ratio 12,961 $2,402,588,000 $185,000 $75,000,000 $73,000 $18,858,000
Collateral 9,662 $1,860,936,000 $192,000 $6,100,000 $108,000 $15,613,000
Credit Application Incomplete 6,172 $1,318,938,000 $213,000 $8,640,000 $112,000 $9,583,000
Other 3,418 $859,158,000 $251,000 $95,000,000 $91,000 $5,000,000
Unverifiable Information 1,619 $312,978,000 $193,000 $2,450,000 $101,000 $2,409,000
Insufficient Cash (Downpayment, Closing Cost) 1,327 $295,636,000 $222,000 $5,118,000 $117,000 $12,197,000
Employment History 579 $97,682,000 $168,000 $1,395,000 $86,000 $10,800,000
Mortgage Insurance Denied 45 $6,520,000 $144,000 $410,000 $68,000 $159,000
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Mortgage Loan Application Totals in 2017 by Illinois Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BLOOMINGTON, IL 7,024 $ 1,096,727,000 $ 156,000 $ 83,000
CARBONDALE-MARION, IL 3,556 $ 412,564,000 $ 116,000 $ 75,000
CHAMPAIGN-URBANA, IL 7,551 $ 1,314,974,000 $ 174,000 $ 85,000
CHICAGO-NAPERVILLE-ARLINGTON HEIGHTS, IL 307,806 $ 79,051,648,000 $ 256,000 $ 113,000
DANVILLE, IL 1,851 $ 216,538,000 $ 116,000 $ 131,000
DECATUR, IL 3,362 $ 327,017,000 $ 97,000 $ 68,000
ELGIN, IL 28,549 $ 5,883,482,000 $ 206,000 $ 101,000
KANKAKEE, IL 3,747 $ 481,455,000 $ 128,000 $ 75,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 31,006 $ 7,964,768,000 $ 256,000 $ 131,000
PEORIA, IL 12,835 $ 1,561,311,000 $ 121,000 $ 76,000
ROCKFORD, IL 12,572 $ 1,428,740,000 $ 113,000 $ 72,000
SPRINGFIELD, IL 8,278 $ 1,047,636,000 $ 126,000 $ 78,000
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Mortgage Loan Application Totals in 2017 by Illinois County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 1,337 $ 153,311,000 $ 114,000 $ 74,000
Alexander 88 $ 6,783,000 $ 77,000 $ 53,000
Bond 502 $ 59,139,000 $ 117,000 $ 64,000
Boone 2,237 $ 315,765,000 $ 141,000 $ 104,000
Brown 82 $ 11,753,000 $ 143,000 $ 51,000
Bureau 839 $ 80,140,000 $ 95,000 $ 68,000
Calhoun 127 $ 13,297,000 $ 104,000 $ 172,000
Carroll 377 $ 47,568,000 $ 126,000 $ 100,000
Cass 318 $ 24,494,000 $ 77,000 $ 68,000
Champaign 6,444 $ 1,180,818,000 $ 183,000 $ 87,000
Christian 889 $ 75,431,000 $ 84,000 $ 64,000
Clark 310 $ 30,475,000 $ 98,000 $ 74,000
Clay 211 $ 19,566,000 $ 92,000 $ 53,000
Clinton 1,436 $ 186,053,000 $ 129,000 $ 101,000
Coles 934 $ 107,513,000 $ 115,000 $ 61,000
Cook 201,018 $ 54,923,946,000 $ 273,000 $ 115,000
Crawford 282 $ 25,526,000 $ 90,000 $ 57,000
Cumberland 166 $ 16,479,000 $ 99,000 $ 72,000
De Witt 555 $ 58,629,000 $ 105,000 $ 69,000
DeKalb 3,923 $ 617,549,000 $ 157,000 $ 78,000
Douglas 494 $ 48,941,000 $ 99,000 $ 60,000
DuPage 42,895 $ 12,239,932,000 $ 285,000 $ 128,000
Edgar 440 $ 32,582,000 $ 74,000 $ 59,000
Edwards 97 $ 7,349,000 $ 75,000 $ 55,000
Effingham 845 $ 116,741,000 $ 138,000 $ 81,000
Fayette 517 $ 50,957,000 $ 98,000 $ 61,000
Ford 432 $ 39,243,000 $ 90,000 $ 68,000
Franklin 1,044 $ 87,246,000 $ 83,000 $ 57,000
Fulton 899 $ 71,910,000 $ 79,000 $ 60,000
Gallatin 128 $ 9,682,000 $ 75,000 $ 68,000
Greene 299 $ 24,648,000 $ 82,000 $ 68,000
Grundy 2,626 $ 445,115,000 $ 169,000 $ 84,000
Hamilton 186 $ 19,016,000 $ 102,000 $ 60,000
Hancock 429 $ 33,574,000 $ 78,000 $ 56,000
Hardin 69 $ 6,508,000 $ 94,000 $ 70,000
Henderson 140 $ 11,738,000 $ 83,000 $ 67,000
Henry 1,922 $ 198,967,000 $ 103,000 $ 68,000
Iroquois 666 $ 62,369,000 $ 93,000 $ 71,000
Jackson 1,219 $ 139,768,000 $ 114,000 $ 82,000
Jasper 122 $ 11,762,000 $ 96,000 $ 54,000
Jefferson 992 $ 104,137,000 $ 104,000 $ 75,000
Jersey 727 $ 85,613,000 $ 117,000 $ 123,000
Jo Daviess 780 $ 98,602,000 $ 126,000 $ 85,000
Johnson 355 $ 39,749,000 $ 111,000 $ 74,000
Kane 24,635 $ 5,266,748,000 $ 213,000 $ 104,000
Kankakee 3,751 $ 481,746,000 $ 128,000 $ 75,000
Kendall 8,334 $ 1,694,756,000 $ 203,000 $ 96,000
Knox 1,447 $ 119,622,000 $ 82,000 $ 62,000
Lake 31,033 $ 7,971,641,000 $ 256,000 $ 131,000
LaSalle 3,206 $ 384,740,000 $ 120,000 $ 73,000
Lawrence 232 $ 20,528,000 $ 88,000 $ 50,000
Lee 717 $ 81,443,000 $ 113,000 $ 68,000
Livingston 784 $ 84,733,000 $ 108,000 $ 98,000
Logan 900 $ 80,468,000 $ 89,000 $ 55,000
Macon 3,363 $ 327,083,000 $ 97,000 $ 68,000
Macoupin 1,552 $ 151,478,000 $ 97,000 $ 84,000
Madison 11,840 $ 1,599,742,000 $ 135,000 $ 130,000
Marion 1,071 $ 88,834,000 $ 82,000 $ 75,000
Marshall 351 $ 32,640,000 $ 92,000 $ 69,000
Mason 379 $ 38,127,000 $ 100,000 $ 59,000
Massac 237 $ 22,386,000 $ 94,000 $ 55,000
McDonough 506 $ 50,395,000 $ 99,000 $ 62,000
McHenry 16,666 $ 3,117,823,000 $ 187,000 $ 99,000
McLean 6,473 $ 1,038,210,000 $ 160,000 $ 84,000
Menard 618 $ 73,339,000 $ 118,000 $ 78,000
Mercer 664 $ 65,730,000 $ 98,000 $ 80,000
Monroe 1,821 $ 312,743,000 $ 171,000 $ 248,000
Montgomery 631 $ 59,784,000 $ 94,000 $ 84,000
Morgan 919 $ 76,858,000 $ 83,000 $ 63,000
Moultrie 384 $ 35,489,000 $ 92,000 $ 62,000
Ogle 1,848 $ 228,767,000 $ 123,000 $ 80,000
Peoria 5,898 $ 718,653,000 $ 121,000 $ 80,000
Perry 539 $ 41,917,000 $ 77,000 $ 74,000
Piatt 677 $ 94,974,000 $ 140,000 $ 72,000
Pike 272 $ 27,436,000 $ 100,000 $ 66,000
Pope 71 $ 6,795,000 $ 95,000 $ 62,000
Pulaski 86 $ 7,349,000 $ 85,000 $ 53,000
Putnam 137 $ 15,830,000 $ 115,000 $ 82,000
Randolph 828 $ 90,920,000 $ 109,000 $ 83,000
Richland 264 $ 22,879,000 $ 86,000 $ 59,000
Rock Island 6,067 $ 675,728,000 $ 111,000 $ 64,000
Saline 577 $ 45,921,000 $ 79,000 $ 59,000
Sangamon 7,665 $ 974,527,000 $ 127,000 $ 78,000
Schuyler 167 $ 15,482,000 $ 92,000 $ 57,000
Scott 94 $ 7,914,000 $ 84,000 $ 63,000
Shelby 453 $ 41,080,000 $ 90,000 $ 80,000
St. Clair 11,240 $ 1,637,477,000 $ 145,000 $ 112,000
Stark 170 $ 15,244,000 $ 89,000 $ 60,000
Stephenson 1,057 $ 96,239,000 $ 91,000 $ 59,000
Tazewell 5,035 $ 605,650,000 $ 120,000 $ 70,000
Union 310 $ 33,722,000 $ 108,000 $ 69,000
Vermilion 1,851 $ 216,538,000 $ 116,000 $ 131,000
Wabash 202 $ 17,184,000 $ 85,000 $ 52,000
Warren 412 $ 37,392,000 $ 90,000 $ 62,000
Washington 469 $ 53,309,000 $ 113,000 $ 160,000
Wayne 200 $ 20,687,000 $ 103,000 $ 54,000
White 331 $ 29,993,000 $ 90,000 $ 65,000
Whiteside 1,344 $ 138,663,000 $ 103,000 $ 64,000
Will 36,399 $ 7,269,031,000 $ 199,000 $ 102,000
Williamson 2,343 $ 273,170,000 $ 116,000 $ 71,000
Winnebago 10,335 $ 1,112,975,000 $ 107,000 $ 65,000
Woodford 1,383 $ 189,203,000 $ 136,000 $ 80,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in IL.

If you prefer, you can download a copy of the entire list of mortgage lenders in Illinois, and search similar information back through 2003.

Download the Illinois Lender List