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investment property improvement lenders · HMDA 2023–2025

Investment property improvement lenders in Illinois

Fat Boy Data analyzed investment home improvement loan 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. 3,941 applications were decided by 275 lenders between 2023 and 2025.

Illinois at a glance

275Active lenders38 with 20+ decisions
46.4%Market approval rate1,828 of 3,941 decided
$95KTypical loanmedian lender, $10K brackets
93%Borrower take-up1,694 loans funded

How Illinois compares

Approval rate compared
Illinois46.4%All 616 counties51.2%
Typical loan compared
Illinois$95KAll 616 counties$115K

What the data shows

BMO Bank National Association made the most investment home improvement loans in Illinois, 81 of them.

INB, National Association approved the highest share of applications among lenders with at least 20 decisions here, 100% of 61.

The typical investment home improvement loan here is $95K, 17% smaller than the the United States typical of $115K.

Only 2 lenders here typically write at or below $35K: Citizens Equity First Credit Union, Busey Bank.

Approval rate of all 38 lenders with 20+ decisions here
0%25%50%75%100%U.S. Bank National Association: 7% approved of 190Bank of America, National Association: 9% approved of 164Fifth Third Bank, National Association: 9% approved of 235Lendingone, LLC: 10% approved of 50Navy Federal Credit Union: 12% approved of 216Old National Bank: 16% approved of 62The Huntington National Bank: 16% approved of 207Regions Bank: 18% approved of 33Associated Bank, National Association: 19% approved of 31BMO Bank National Association: 21% approved of 411Spring Eq, LLC: 24% approved of 71Great Lakes: 30% approved of 30PNC Bank, National Association: 32% approved of 104Citizens Equity First Credit Union: 33% approved of 57First American Bank: 37% approved of 43New American Funding, LLC: 50% approved of 22First National Bank of Omaha: 52% approved of 103Guaranteed Rate, Inc.: 54% approved of 52JPMorgan Chase Bank, National Association: 56% approved of 62Kind Lending, LLC: 57% approved of 30Deephaven Mortgage LLC: 62% approved of 112Rocket Mortgage, LLC: 67% approved of 49Figure Lending LLC: 69% approved of 143Crosscountry Mortgage, LLC: 74% approved of 23Rpe Home Inc.: 79% approved of 57First Mid Bank & Trust, National Association: 84% approved of 25Busey Bank: 85% approved of 20FCB Banks: 88% approved of 56Homebridge Financial Services, Inc.: 89% approved of 62Marquette Bank: 90% approved of 21Bank of Springfield: 92% approved of 26Morton Community Bank: 93% approved of 30Carrollton Bank: 94% approved of 31Abl Rpc Residential Credit Acquisition LLC: 94% approved of 72Coastal Community Bank: 94% approved of 36Bankorion: 96% approved of 45INB, National Association: 100% approved of 61First State Bank: 100% approved of 56

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

Investment property improvement lenders in Illinois

LenderApprovalApprovedTaken upTypical loanLoans made
1BMO Bank National Association21%87 / 41193%$105K81
2Fifth Third Bank, National Association9%21 / 23590%$95K19
3Navy Federal Credit Union12%26 / 216100%$75K26
4The Huntington National Bank16%34 / 20797%$135K33
5U.S. Bank National Association7%14 / 19093%$185K13

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 270 more lenders.

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You are seeing the 5 largest investment home improvement loan lenders in Illinois. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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Other lending data for Illinois

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Counties in Illinois

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