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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 190One lender: 9% approved of 164Fifth Third Bank, National Association: 9% approved of 235One lender: 10% approved of 50Navy Federal Credit Union: 12% approved of 216One lender: 16% approved of 62The Huntington National Bank: 16% approved of 207One lender: 18% approved of 33One lender: 19% approved of 31BMO Bank National Association: 21% approved of 411One lender: 24% approved of 71One lender: 30% approved of 30One lender: 32% approved of 104One lender: 33% approved of 57One lender: 37% approved of 43One lender: 50% approved of 22One lender: 52% approved of 103One lender: 54% approved of 52One lender: 56% approved of 62One lender: 57% approved of 30One lender: 62% approved of 112One lender: 67% approved of 49One lender: 69% approved of 143One lender: 74% approved of 23One lender: 79% approved of 57One lender: 84% approved of 25One lender: 85% approved of 20One lender: 88% approved of 56One lender: 89% approved of 62One lender: 90% approved of 21One lender: 92% approved of 26One lender: 93% approved of 30One lender: 94% approved of 31One lender: 94% approved of 72One lender: 94% approved of 36One lender: 96% approved of 45One lender: 100% approved of 61One lender: 100% approved of 56

Each dot is one lender, placed at its approval rate. Hover for the sample size; the 5 largest lenders are named, the rest are behind the unlock.

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 borrowers accepted. Lenders with fewer than 20 decisions are marked as a limited sample and never used for a “highest approval” claim.How the numbers work.

Fat Boy found 270 more lenders.

One email unlocks every lender Fat Boy found.

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

  • Every lender in the market
  • Approval rate and borrower take-up
  • Typical loan size and range
  • Nearest office and distance
  • Branch count and application options
  • How easy each lender is to reach

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