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cash-out refinance lenders · HMDA 2023–2025

Cash-out refinance lenders in Illinois

Fat Boy Data analyzed cash-out refinance activity in Illinois to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 85,796 applications were decided by 648 lenders between 2023 and 2025.

Illinois at a glance

648Active lenders247 with 20+ decisions
66.4%Market approval rate56,939 of 85,796 decided
$155KTypical loanmedian lender, $10K brackets
95%Borrower take-up54,075 loans funded

How Illinois compares

Approval rate compared
Illinois66.4%All 616 counties68.2%
Typical loan compared
Illinois$155KAll 616 counties$155K

What the data shows

Rocket Mortgage, LLC made the most cash-out refinances in Illinois, 10,679 of them.

GCS Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 91% of 238.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Mortgage Research Center, LLC: 22% approved of 1,003Amerisave Mortgage Corporation: 23% approved of 5,534Lakeview Loan Servicing, LLC: 25% approved of 989American Financing Corporation: 30% approved of 437Carrington Mortgage Services, LLC: 37% approved of 2,309New Day Financial, LLC: 39% approved of 525Spring Eq, LLC: 39% approved of 434Neighborhood Loans, Inc.: 44% approved of 445Newrez LLC: 45% approved of 3,534Village Capital & Investment LLC: 48% approved of 420Navy Federal Credit Union: 50% approved of 638Wells Fargo Bank, National Association: 52% approved of 1,021Mutual of Omaha Mortgage, Inc.: 56% approved of 896Credit Union 1: 57% approved of 1,757New American Funding, LLC: 58% approved of 1,032Quorum Federal Credit Union: 58% approved of 320Loandepot.Com, LLC: 61% approved of 2,600Regions Bank: 61% approved of 149First American Bank: 62% approved of 311Onity Mortgage Corporation: 65% approved of 245Old National Bank: 65% approved of 177Fifth Third Bank, National Association: 65% approved of 392Freedom Mortgage Corporation: 65% approved of 1,987Pennymac Loan Services, LLC: 66% approved of 1,315Flagstar Bank, National Association: 66% approved of 681Sun West Mortgage Company, Inc.: 68% approved of 216Heartland Bank And Trust Company: 68% approved of 184DuPage Credit Union: 68% approved of 475U.S. Bank National Association: 69% approved of 1,524The Federal Savings Bank: 70% approved of 460BMO Bank National Association: 71% approved of 4,453The Huntington National Bank: 72% approved of 2,399United Wholesale Mortgage, LLC: 72% approved of 4,330Citibank, National Association: 72% approved of 241Ocmbc, Inc.: 74% approved of 159Plaza Home Mortgage, Inc.: 75% approved of 220PNC Bank, National Association: 76% approved of 308Lower, LLC: 76% approved of 579Sofi Bank, N.A.tional Association: 77% approved of 236Nationstar Mortgage LLC: 77% approved of 1,947Rocket Mortgage, LLC: 77% approved of 14,275Fairway Independent Mortgage Corporation: 79% approved of 434JPMorgan Chase Bank, National Association: 79% approved of 2,674American Pacific Mortgage Corporation: 81% approved of 376Baxter Credit Union: 81% approved of 472Guaranteed Rate, Inc.: 82% approved of 1,190Busey Bank: 83% approved of 233Scott Credit Union: 83% approved of 241Guild Mortgage Company LLC: 84% approved of 558Consumers Cooperative Credit Union: 85% approved of 1,988Citizens Equity First Credit Union: 85% approved of 292Barrington Bank & Trust Company, National Association: 85% approved of 492Union Home Mortgage Corp.: 88% approved of 170Old Second National Bank: 89% approved of 804Heartland: 90% approved of 286Crosscountry Mortgage, LLC: 90% approved of 757GREENSTATE Credit Union: 91% approved of 755GCS Credit Union: 91% approved of 238Towne Mortgage Company: 96% approved of 205Coastal Community Bank: 98% approved of 404

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Cash-out refinance lenders in Illinois

LenderApprovalApprovedTaken upTypical loanLoans made
1Rocket Mortgage, LLC77%11,043 / 14,27597%$135K10,679
2Amerisave Mortgage Corporation23%1,296 / 5,53497%$105K1,253
3BMO Bank National Association71%3,173 / 4,45397%$155K3,088
4United Wholesale Mortgage, LLCBroker only72%3,116 / 4,33096%$205K3,006
5Newrez LLC45%1,595 / 3,53498%$115K1,560

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 643 more lenders.

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Other lending data for Illinois

Mortgage lenders in IllinoisHome improvement loans in IllinoisRefinance in IllinoisInvestment property purchase in IllinoisInvestment cash-out refinance in IllinoisInvestment refinance in IllinoisInvestment home improvement in Illinois

Counties in Illinois

Cook CountyCountyDuPage CountyCountyLake CountyCountyWill CountyCountyKane CountyCountyMcHenry CountyCountyWinnebago CountyCountyMadison CountyCountySt. Clair CountyCountyChampaign CountyCountySangamon CountyCountyPeoria CountyCounty