Illinois
Mortgage Loan Application
Totals and Details
in 2020

Find mortgage statistics and mortgage data for Illinois.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2020 in all of Illinois.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 861,238
Total Mortgage Loan Application Amount $209,436,135,000
Average Mortgage Loan Application Amount $243,000
Highest Mortgage Loan Application Amount $96,605,000
Average Applicant Income $127,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Illinois, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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.

Download the Illinois Lender List

Mortgage Loan Application Detail Totals for Illinois in 2020

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
Refinancing 422,124 $111,359,710,000 $263,000 $94,205,000 $141,000 $8,885,000
Home Purchase 276,795 $67,127,295,000 $242,000 $60,005,000 $108,000 $9,999,000
Cash-out Refinancing 98,760 $23,330,185,000 $236,000 $96,605,000 $124,000 $9,999,000
Other Purpose 24,351 $2,928,935,000 $120,000 $27,175,000 $139,000 $9,863,000
Home Improvement 22,909 $2,258,045,000 $98,000 $48,985,000 $124,000 $9,474,000
Not Applicable 16,299 $2,431,965,000 $149,000 $40,005,000 $66,000 $536,000

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 514,668 $122,663,045,000 $238,000 $90,595,000 $132,000 $9,999,000
Not Provided 86,479 $22,118,185,000 $255,000 $26,815,000 $141,000 $9,999,000
Hispanic 75,818 $15,175,950,000 $200,000 $8,385,000 $86,000 $6,409,000
Not applicable 75,272 $23,405,410,000 $310,000 $96,605,000 $110,000 $2,212,000
Black or African American 50,016 $9,492,650,000 $189,000 $3,005,000 $91,000 $7,184,000
Asian 48,472 $13,835,260,000 $285,000 $7,735,000 $150,000 $9,999,000
American Indian or Alaskan Native 2,216 $427,800,000 $193,000 $2,365,000 $94,000 $2,340,000
Native Hawaiian or Other Pacific Islander 507 $125,665,000 $247,000 $2,005,000 $129,000 $2,166,000

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) 694,085 $175,477,440,000 $252,000 $96,605,000 $135,000 $9,999,000
FHA-insured (Federal Housing Administration) 114,388 $22,124,120,000 $193,000 $54,565,000 $70,000 $9,999,000
VA-guaranteed (Veterans Administration) 46,715 $11,187,755,000 $239,000 $3,205,000 $84,000 $3,600,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,050 $646,820,000 $106,000 $1,395,000 $50,000 $1,800,000

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 507,184 $128,207,835,000 $252,000 $96,605,000 $130,000 $9,999,000
Application Withdrawn By Applicant 113,002 $29,096,550,000 $257,000 $90,595,000 $137,000 $9,591,000
Loan Purchased By The Institution 100,366 $23,500,530,000 $234,000 $2,315,000 $123,000 $9,999,000
Application Denied By Financial Institution 87,432 $16,674,720,000 $190,000 $94,205,000 $102,000 $9,999,000
File Closed For Incompleteness 35,823 $8,055,395,000 $224,000 $10,705,000 $128,000 $7,200,000
Application Approved But Not Accepted 16,959 $3,820,755,000 $225,000 $30,005,000 $128,000 $5,696,000
Preapproval Approved but not Accepted 279 $55,685,000 $199,000 $1,085,000 $101,000 $560,000
Preapproval Denied by Financial Institution 193 $24,665,000 $127,000 $895,000 $60,000 $341,000

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
Not applicable 746,926 $187,430,200,000 $250,000 $96,605,000 $131,000 $9,999,000
Debt-To-Income Ratio 52,269 $10,346,710,000 $197,000 $49,005,000 $94,000 $8,885,000
Credit History 20,810 $2,841,280,000 $136,000 $10,005,000 $99,000 $9,999,000
Collateral 13,620 $2,671,400,000 $196,000 $16,595,000 $131,000 $6,664,000
Credit Application Incomplete 11,853 $2,549,875,000 $215,000 $2,485,000 $124,000 $6,438,000
Other 8,482 $1,992,570,000 $234,000 $94,205,000 $126,000 $6,409,000
Unverifiable Information 3,874 $865,640,000 $223,000 $5,585,000 $123,000 $6,897,000
Insufficient Cash (Downpayment, Closing Cost) 1,815 $420,775,000 $231,000 $2,735,000 $111,000 $2,896,000
Employment History 1,557 $311,745,000 $200,000 $1,395,000 $72,000 $1,057,000
Mortgage Insurance Denied 32 $5,940,000 $185,000 $465,000 $91,000 $278,000
Download the Illinois Lender List

Mortgage Loan Application Totals in 2020 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 12,094 $ 2,063,990,000 $ 170,000 $ 108,000
CARBONDALE-MARION, IL 5,218 $ 749,020,000 $ 143,000 $ 101,000
CHAMPAIGN-URBANA, IL 10,590 $ 2,128,640,000 $ 201,000 $ 112,000
CHICAGO-NAPERVILLE, IL 525,778 $ 147,018,530,000 $ 279,000 $ 138,000
DANVILLE, IL 2,205 $ 231,595,000 $ 105,000 $ 75,000
DECATUR, IL 4,343 $ 568,635,000 $ 130,000 $ 87,000
ELGIN, IL 65,908 $ 14,770,540,000 $ 224,000 $ 114,000
KANKAKEE, IL 6,163 $ 945,405,000 $ 153,000 $ 91,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 59,725 $ 16,511,755,000 $ 276,000 $ 155,000
PEORIA, IL 22,356 $ 3,136,990,000 $ 140,000 $ 94,000
ROCKFORD, IL 19,683 $ 2,678,425,000 $ 136,000 $ 90,000
SPRINGFIELD, IL 15,072 $ 2,403,200,000 $ 159,000 $ 110,000
Download the Illinois Lender List

Mortgage Loan Application Totals in 2020 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 2,664 $ 392,260,000 $ 147,000 $ 93,000
Alexander 99 $ 9,595,000 $ 96,000 $ 72,000
Bond 771 $ 112,175,000 $ 145,000 $ 88,000
Boone 3,737 $ 626,775,000 $ 167,000 $ 105,000
Brown 95 $ 12,655,000 $ 133,000 $ 95,000
Bureau 1,270 $ 141,620,000 $ 111,000 $ 78,000
Calhoun 99 $ 11,865,000 $ 119,000 $ 114,000
Carroll 606 $ 96,630,000 $ 159,000 $ 134,000
Cass 411 $ 42,425,000 $ 103,000 $ 79,000
Champaign 9,473 $ 1,927,935,000 $ 203,000 $ 113,000
Christian 1,151 $ 126,635,000 $ 110,000 $ 79,000
Clark 407 $ 47,335,000 $ 116,000 $ 87,000
Clay 353 $ 36,365,000 $ 103,000 $ 103,000
Clinton 2,261 $ 367,940,000 $ 162,000 $ 101,000
Coles 1,301 $ 150,815,000 $ 115,000 $ 78,000
Cook 338,083 $ 99,370,625,000 $ 293,000 $ 142,000
Crawford 324 $ 33,310,000 $ 102,000 $ 66,000
Cumberland 262 $ 35,880,000 $ 136,000 $ 82,000
De Witt 607 $ 77,755,000 $ 128,000 $ 87,000
DeKalb 6,213 $ 1,064,145,000 $ 171,000 $ 96,000
Douglas 761 $ 96,815,000 $ 127,000 $ 86,000
DuPage 86,105 $ 25,248,915,000 $ 293,000 $ 150,000
Edgar 411 $ 43,525,000 $ 105,000 $ 82,000
Edwards 138 $ 15,820,000 $ 114,000 $ 76,000
Effingham 1,671 $ 284,665,000 $ 170,000 $ 100,000
Fayette 764 $ 92,510,000 $ 121,000 $ 83,000
Ford 589 $ 70,435,000 $ 119,000 $ 86,000
Franklin 1,208 $ 129,510,000 $ 107,000 $ 72,000
Fulton 1,393 $ 141,445,000 $ 101,000 $ 74,000
Gallatin 135 $ 12,905,000 $ 95,000 $ 75,000
Greene 351 $ 39,115,000 $ 111,000 $ 76,000
Grundy 4,700 $ 912,500,000 $ 194,000 $ 101,000
Hamilton 268 $ 29,830,000 $ 111,000 $ 72,000
Hancock 611 $ 64,785,000 $ 106,000 $ 77,000
Hardin 93 $ 9,015,000 $ 96,000 $ 77,000
Henderson 157 $ 16,175,000 $ 103,000 $ 74,000
Henry 2,772 $ 368,170,000 $ 132,000 $ 98,000
Iroquois 1,006 $ 125,150,000 $ 124,000 $ 79,000
Jackson 1,427 $ 198,525,000 $ 139,000 $ 105,000
Jasper 307 $ 38,435,000 $ 125,000 $ 77,000
Jefferson 1,307 $ 169,775,000 $ 129,000 $ 79,000
Jersey 1,190 $ 182,520,000 $ 153,000 $ 87,000
Jo Daviess 1,257 $ 199,445,000 $ 158,000 $ 128,000
Johnson 552 $ 77,470,000 $ 140,000 $ 111,000
Kane 44,238 $ 10,287,370,000 $ 232,000 $ 119,000
Kankakee 6,163 $ 945,405,000 $ 153,000 $ 91,000
Kendall 15,457 $ 3,419,025,000 $ 221,000 $ 108,000
Knox 2,003 $ 225,365,000 $ 112,000 $ 92,000
Lake 59,725 $ 16,511,755,000 $ 276,000 $ 155,000
LaSalle 4,870 $ 716,980,000 $ 147,000 $ 92,000
Lawrence 375 $ 37,555,000 $ 100,000 $ 78,000
Lee 1,164 $ 158,420,000 $ 136,000 $ 89,000
Livingston 1,700 $ 189,310,000 $ 111,000 $ 82,000
Logan 1,080 $ 115,890,000 $ 107,000 $ 71,000
Macon 4,343 $ 568,635,000 $ 130,000 $ 87,000
Macoupin 2,457 $ 291,505,000 $ 118,000 $ 82,000
Madison 19,747 $ 3,270,845,000 $ 165,000 $ 101,000
Marion 1,425 $ 161,055,000 $ 113,000 $ 78,000
Marshall 573 $ 64,935,000 $ 113,000 $ 84,000
Mason 418 $ 39,170,000 $ 93,000 $ 74,000
Massac 380 $ 43,820,000 $ 115,000 $ 73,000
McDonough 578 $ 59,810,000 $ 103,000 $ 79,000
McHenry 30,250 $ 6,249,970,000 $ 206,000 $ 109,000
McLean 12,094 $ 2,063,990,000 $ 170,000 $ 108,000
Menard 1,055 $ 158,445,000 $ 150,000 $ 103,000
Mercer 879 $ 108,855,000 $ 123,000 $ 95,000
Monroe 3,616 $ 735,890,000 $ 203,000 $ 115,000
Montgomery 902 $ 115,240,000 $ 127,000 $ 88,000
Morgan 1,424 $ 156,030,000 $ 109,000 $ 80,000
Moultrie 542 $ 64,520,000 $ 119,000 $ 82,000
Ogle 3,381 $ 506,535,000 $ 149,000 $ 90,000
Peoria 9,300 $ 1,349,560,000 $ 145,000 $ 103,000
Perry 464 $ 53,300,000 $ 114,000 $ 80,000
Piatt 1,117 $ 200,705,000 $ 179,000 $ 108,000
Pike 356 $ 40,450,000 $ 113,000 $ 81,000
Pope 130 $ 14,990,000 $ 115,000 $ 71,000
Pulaski 94 $ 9,000,000 $ 95,000 $ 193,000
Putnam 225 $ 32,635,000 $ 145,000 $ 110,000
Randolph 1,146 $ 142,970,000 $ 124,000 $ 86,000
Richland 311 $ 39,745,000 $ 127,000 $ 77,000
Rock Island 8,691 $ 1,083,375,000 $ 124,000 $ 84,000
Saline 812 $ 87,060,000 $ 107,000 $ 85,000
Sangamon 14,017 $ 2,244,755,000 $ 160,000 $ 110,000
Schuyler 224 $ 24,570,000 $ 109,000 $ 76,000
Scott 138 $ 15,950,000 $ 115,000 $ 72,000
Shelby 555 $ 68,415,000 $ 123,000 $ 79,000
St. Clair 18,225 $ 3,222,705,000 $ 176,000 $ 100,000
Stark 214 $ 19,340,000 $ 90,000 $ 74,000
Stephenson 1,477 $ 163,305,000 $ 110,000 $ 80,000
Tazewell 8,279 $ 1,150,305,000 $ 138,000 $ 89,000
Union 425 $ 58,695,000 $ 138,000 $ 91,000
Vermilion 2,205 $ 231,595,000 $ 105,000 $ 75,000
Wabash 296 $ 32,300,000 $ 109,000 $ 72,000
Warren 485 $ 49,095,000 $ 101,000 $ 87,000
Washington 635 $ 87,985,000 $ 138,000 $ 101,000
Wayne 341 $ 39,775,000 $ 116,000 $ 72,000
White 426 $ 48,400,000 $ 113,000 $ 75,000
Whiteside 2,029 $ 234,035,000 $ 115,000 $ 78,000
Will 66,640 $ 15,236,520,000 $ 228,000 $ 118,000
Williamson 3,239 $ 473,025,000 $ 146,000 $ 97,000
Winnebago 15,946 $ 2,051,650,000 $ 128,000 $ 86,000
Woodford 2,597 $ 411,405,000 $ 158,000 $ 97,000

We hope these mortgage application details and statistics 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 Illinois.

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