Illinois
Mortgage Loan Application
Totals and Details
in 2021

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 2003-2022 in all of Illinois.
You can organize this information by metropolitan area and by county.

Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 874,263
Total Mortgage Loan Application Amount $218,095,960,000
Average Mortgage Loan Application Amount $249,000
Highest Mortgage Loan Application Amount $96,895,000
Average Applicant Income $123,000
Highest Applicant Income $9,600,000

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 2021

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 367,644 $94,143,660,000 $256,000 $88,005,000 $132,000 $8,946,000
Home Purchase 325,528 $87,840,615,000 $269,000 $95,875,000 $114,000 $9,600,000
Cash-out Refinancing 127,483 $29,859,735,000 $234,000 $96,895,000 $116,000 $9,101,000
Home Improvement 25,180 $2,480,700,000 $98,000 $74,995,000 $128,000 $7,300,000
Other Purpose 22,717 $2,951,585,000 $129,000 $9,755,000 $137,000 $8,950,000
Not Applicable 5,711 $819,665,000 $143,000 $29,125,000 $112,000 $7,065,000

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 476,793 $115,180,530,000 $241,000 $47,855,000 $129,000 $9,500,000
Not Provided 100,544 $25,383,100,000 $252,000 $24,385,000 $131,000 $8,950,000
Hispanic 87,101 $18,210,155,000 $209,000 $15,125,000 $84,000 $8,391,000
Not applicable 83,922 $28,754,180,000 $342,000 $96,895,000 $131,000 $7,065,000
Black or African American 64,339 $12,620,465,000 $196,000 $4,855,000 $89,000 $9,600,000
Asian 49,758 $14,697,240,000 $295,000 $20,405,000 $145,000 $8,955,000
American Indian or Alaskan Native 2,563 $481,905,000 $188,000 $2,325,000 $102,000 $6,333,000
Native Hawaiian or Other Pacific Islander 467 $114,995,000 $246,000 $3,165,000 $114,000 $905,000

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) 709,160 $183,293,775,000 $258,000 $96,895,000 $131,000 $9,600,000
FHA-insured (Federal Housing Administration) 115,774 $23,440,410,000 $202,000 $74,995,000 $67,000 $8,946,000
VA-guaranteed (Veterans Administration) 43,860 $10,739,530,000 $244,000 $3,325,000 $85,000 $4,176,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5,469 $622,245,000 $113,000 $1,465,000 $51,000 $2,608,000

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 512,634 $133,250,600,000 $259,000 $96,895,000 $127,000 $9,500,000
Application Withdrawn By Applicant 107,560 $27,407,920,000 $254,000 $80,005,000 $127,000 $8,950,000
Loan Purchased By The Institution 104,504 $27,419,310,000 $262,000 $2,895,000 $131,000 $7,065,000
Application Denied By Financial Institution 89,411 $16,954,720,000 $189,000 $30,005,000 $95,000 $9,600,000
File Closed For Incompleteness 41,971 $9,165,035,000 $218,000 $32,175,000 $122,000 $8,800,000
Application Approved But Not Accepted 16,940 $3,636,090,000 $214,000 $10,005,000 $110,000 $6,679,000
Preapproval Approved but not Accepted 840 $182,270,000 $216,000 $2,245,000 $98,000 $2,719,000
Preapproval Denied by Financial Institution 403 $80,015,000 $198,000 $2,705,000 $71,000 $728,000

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 770,922 $198,230,380,000 $257,000 $96,895,000 $127,000 $9,499,000
Debt-To-Income Ratio 38,500 $7,884,280,000 $204,000 $42,495,000 $81,000 $9,500,000
Credit History 21,336 $3,076,730,000 $144,000 $25,005,000 $96,000 $8,012,000
Credit Application Incomplete 13,760 $2,896,820,000 $210,000 $7,875,000 $108,000 $8,391,000
Collateral 13,437 $2,549,815,000 $189,000 $15,865,000 $118,000 $5,340,000
Other 8,238 $1,695,995,000 $205,000 $30,005,000 $111,000 $9,600,000
Unverifiable Information 4,657 $1,044,865,000 $224,000 $20,405,000 $118,000 $7,639,000
Insufficient Cash (Downpayment, Closing Cost) 1,932 $420,710,000 $217,000 $5,285,000 $90,000 $2,773,000
Employment History 1,432 $286,230,000 $199,000 $2,285,000 $72,000 $2,932,000
Mortgage Insurance Denied 49 $10,135,000 $206,000 $575,000 $101,000 $1,512,000
Download the Illinois Lender List

Mortgage Loan Application Totals in 2021 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 10,865 $ 1,867,995,000 $ 171,000 $ 103,000
CARBONDALE-MARION, IL 5,438 $ 774,760,000 $ 142,000 $ 89,000
CHAMPAIGN-URBANA, IL 10,380 $ 2,197,470,000 $ 211,000 $ 106,000
CHICAGO-NAPERVILLE, IL 537,458 $ 154,226,155,000 $ 286,000 $ 134,000
DANVILLE, IL 2,569 $ 264,965,000 $ 103,000 $ 72,000
DECATUR, IL 4,791 $ 576,605,000 $ 120,000 $ 80,000
ELGIN, IL 66,367 $ 15,197,235,000 $ 228,000 $ 111,000
KANKAKEE, IL 6,323 $ 991,175,000 $ 156,000 $ 85,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 62,510 $ 17,866,760,000 $ 285,000 $ 151,000
PEORIA, IL 22,331 $ 3,119,225,000 $ 139,000 $ 86,000
ROCKFORD, IL 20,882 $ 2,924,920,000 $ 140,000 $ 85,000
SPRINGFIELD, IL 12,024 $ 1,854,920,000 $ 154,000 $ 99,000
Download the Illinois Lender List

Mortgage Loan Application Totals in 2021 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 2,185 $ 318,575,000 $ 145,000 $ 92,000
Alexander 125 $ 14,195,000 $ 113,000 $ 64,000
Bond 818 $ 110,350,000 $ 134,000 $ 79,000
Boone 3,787 $ 663,245,000 $ 175,000 $ 98,000
Brown 106 $ 13,410,000 $ 126,000 $ 113,000
Bureau 1,220 $ 133,080,000 $ 109,000 $ 73,000
Calhoun 92 $ 14,460,000 $ 157,000 $ 101,000
Carroll 554 $ 87,440,000 $ 157,000 $ 132,000
Cass 361 $ 30,925,000 $ 85,000 $ 66,000
Champaign 9,403 $ 2,047,905,000 $ 217,000 $ 107,000
Christian 1,156 $ 127,270,000 $ 110,000 $ 74,000
Clark 417 $ 51,215,000 $ 122,000 $ 94,000
Clay 390 $ 41,580,000 $ 106,000 $ 67,000
Clinton 2,738 $ 446,490,000 $ 163,000 $ 100,000
Coles 1,369 $ 156,065,000 $ 113,000 $ 82,000
Cook 353,223 $ 105,953,230,000 $ 299,000 $ 137,000
Crawford 393 $ 45,085,000 $ 114,000 $ 66,000
Cumberland 235 $ 29,435,000 $ 125,000 $ 74,000
De Witt 632 $ 83,150,000 $ 131,000 $ 79,000
DeKalb 6,944 $ 1,268,740,000 $ 182,000 $ 94,000
Douglas 690 $ 93,810,000 $ 135,000 $ 79,000
DuPage 82,470 $ 24,997,040,000 $ 303,000 $ 147,000
Edgar 569 $ 57,065,000 $ 100,000 $ 72,000
Edwards 120 $ 13,080,000 $ 109,000 $ 71,000
Effingham 1,432 $ 236,490,000 $ 165,000 $ 93,000
Fayette 695 $ 85,925,000 $ 123,000 $ 76,000
Ford 554 $ 62,770,000 $ 113,000 $ 74,000
Franklin 1,331 $ 141,945,000 $ 106,000 $ 70,000
Fulton 1,352 $ 137,930,000 $ 102,000 $ 72,000
Gallatin 163 $ 16,845,000 $ 103,000 $ 66,000
Greene 420 $ 41,660,000 $ 99,000 $ 69,000
Grundy 4,405 $ 893,065,000 $ 202,000 $ 101,000
Hamilton 280 $ 33,390,000 $ 119,000 $ 73,000
Hancock 503 $ 56,665,000 $ 112,000 $ 88,000
Hardin 93 $ 11,005,000 $ 118,000 $ 68,000
Henderson 166 $ 16,560,000 $ 99,000 $ 75,000
Henry 2,508 $ 333,130,000 $ 132,000 $ 85,000
Iroquois 988 $ 126,370,000 $ 127,000 $ 81,000
Jackson 1,588 $ 222,510,000 $ 140,000 $ 90,000
Jasper 275 $ 32,615,000 $ 118,000 $ 70,000
Jefferson 1,473 $ 170,565,000 $ 115,000 $ 76,000
Jersey 1,260 $ 187,170,000 $ 148,000 $ 86,000
Jo Daviess 1,317 $ 209,965,000 $ 159,000 $ 120,000
Johnson 447 $ 60,445,000 $ 135,000 $ 93,000
Kane 44,171 $ 10,414,515,000 $ 235,000 $ 115,000
Kankakee 6,323 $ 991,175,000 $ 156,000 $ 85,000
Kendall 15,252 $ 3,513,980,000 $ 230,000 $ 106,000
Knox 2,008 $ 217,810,000 $ 108,000 $ 87,000
Lake 62,510 $ 17,866,760,000 $ 285,000 $ 151,000
LaSalle 5,018 $ 749,090,000 $ 149,000 $ 88,000
Lawrence 338 $ 40,700,000 $ 120,000 $ 73,000
Lee 1,226 $ 158,570,000 $ 129,000 $ 78,000
Livingston 1,680 $ 196,460,000 $ 116,000 $ 80,000
Logan 1,247 $ 135,625,000 $ 108,000 $ 69,000
Macon 4,791 $ 576,605,000 $ 120,000 $ 80,000
Macoupin 2,317 $ 279,115,000 $ 120,000 $ 80,000
Madison 20,110 $ 3,316,090,000 $ 164,000 $ 93,000
Marion 1,515 $ 169,125,000 $ 111,000 $ 78,000
Marshall 615 $ 73,115,000 $ 118,000 $ 80,000
Mason 540 $ 48,240,000 $ 89,000 $ 67,000
Massac 414 $ 50,100,000 $ 121,000 $ 78,000
McDonough 783 $ 79,525,000 $ 101,000 $ 76,000
McHenry 31,026 $ 6,785,580,000 $ 218,000 $ 107,000
McLean 10,865 $ 1,867,995,000 $ 171,000 $ 103,000
Menard 750 $ 105,190,000 $ 140,000 $ 88,000
Mercer 924 $ 114,220,000 $ 123,000 $ 81,000
Monroe 2,896 $ 585,160,000 $ 202,000 $ 107,000
Montgomery 887 $ 115,545,000 $ 130,000 $ 89,000
Morgan 1,257 $ 130,255,000 $ 103,000 $ 82,000
Moultrie 548 $ 64,430,000 $ 117,000 $ 78,000
Ogle 2,869 $ 449,135,000 $ 156,000 $ 92,000
Peoria 9,689 $ 1,435,965,000 $ 148,000 $ 92,000
Perry 474 $ 51,720,000 $ 109,000 $ 78,000
Piatt 977 $ 149,565,000 $ 153,000 $ 95,000
Pike 266 $ 30,370,000 $ 114,000 $ 82,000
Pope 120 $ 18,010,000 $ 150,000 $ 82,000
Pulaski 104 $ 10,290,000 $ 98,000 $ 69,000
Putnam 223 $ 29,755,000 $ 133,000 $ 103,000
Randolph 1,192 $ 141,590,000 $ 118,000 $ 83,000
Richland 270 $ 32,970,000 $ 122,000 $ 73,000
Rock Island 8,782 $ 1,117,070,000 $ 127,000 $ 77,000
Saline 757 $ 84,445,000 $ 111,000 $ 72,000
Sangamon 11,274 $ 1,749,730,000 $ 155,000 $ 100,000
Schuyler 180 $ 19,630,000 $ 109,000 $ 81,000
Scott 128 $ 12,230,000 $ 95,000 $ 69,000
Shelby 510 $ 58,720,000 $ 115,000 $ 75,000
St. Clair 18,742 $ 3,352,510,000 $ 178,000 $ 96,000
Stark 181 $ 17,855,000 $ 98,000 $ 67,000
Stephenson 1,550 $ 181,460,000 $ 117,000 $ 80,000
Tazewell 8,250 $ 1,106,100,000 $ 134,000 $ 81,000
Union 451 $ 63,115,000 $ 139,000 $ 87,000
Vermilion 2,569 $ 264,965,000 $ 103,000 $ 72,000
Wabash 329 $ 34,315,000 $ 104,000 $ 66,000
Warren 431 $ 43,625,000 $ 101,000 $ 75,000
Washington 649 $ 89,605,000 $ 138,000 $ 89,000
Wayne 345 $ 41,795,000 $ 121,000 $ 69,000
White 470 $ 49,510,000 $ 105,000 $ 70,000
Whiteside 2,147 $ 242,095,000 $ 112,000 $ 75,000
Will 66,334 $ 15,597,240,000 $ 235,000 $ 114,000
Williamson 3,403 $ 491,805,000 $ 144,000 $ 88,000
Winnebago 17,095 $ 2,261,675,000 $ 132,000 $ 82,000
Woodford 2,244 $ 348,260,000 $ 155,000 $ 92,000

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