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investment property refinance lenders · HMDA 2023–2025

Investment property refinance lenders in Illinois

Fat Boy Data analyzed investment property 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. 7,444 applications were decided by 494 lenders between 2023 and 2025.

Illinois at a glance

494Active lenders89 with 20+ decisions
81.4%Market approval rate6,060 of 7,444 decided
$165KTypical loanmedian lender, $10K brackets
96%Borrower take-up5,806 loans funded

How Illinois compares

Approval rate compared
Illinois81.4%All 616 counties77.7%
Typical loan compared
Illinois$165KAll 616 counties$235K

What the data shows

Loan Funder LLC made the most investment property refinances in Illinois, 407 of them.

First State Bank approved the highest share of applications among lenders with at least 20 decisions here, 100% of 67.

The typical investment property refinance here is $165K, 30% smaller than the the United States typical of $235K.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Navy Federal Credit Union: 11% approved of 47Neighborhood Loans, Inc.: 28% approved of 43Fifth Third Bank, National Association: 31% approved of 99The Huntington National Bank: 36% approved of 66PNC Bank, National Association: 38% approved of 37Foundation Mortgage Corporation: 42% approved of 73Lendingone, LLC: 45% approved of 49Newrez LLC: 47% approved of 43Homexpress Mortgage Corp.: 49% approved of 43Royal United Mortgage LLC: 51% approved of 57Temple View Capital Funding, Lp: 54% approved of 37Bank of America, National Association: 55% approved of 53Deephaven Mortgage LLC: 56% approved of 41First American Bank: 57% approved of 30Wells Fargo Bank, National Association: 57% approved of 54Ocmbc, Inc.: 58% approved of 33Loandepot.Com, LLC: 60% approved of 42Old National Bank: 60% approved of 92U.S. Bank National Association: 61% approved of 49United Wholesale Mortgage, LLC: 67% approved of 262Rocket Mortgage, LLC: 73% approved of 124First National Bank of Omaha: 73% approved of 98Pennymac Loan Services, LLC: 76% approved of 42Lima One Capital, LLC: 77% approved of 43Corevest American Finance Lender LLC: 78% approved of 32Union Home Mortgage Corp.: 79% approved of 53I. H. Mississippi Valley Credit Union: 81% approved of 32JPMorgan Chase Bank, National Association: 84% approved of 140Busey Bank: 84% approved of 38Kiavi Funding, Inc.: 85% approved of 435CBI Bank & Trust: 85% approved of 41Guaranteed Rate, Inc.: 87% approved of 98Bpl Mortgage, LLC: 90% approved of 165Midland States Bank: 91% approved of 65American Heritage Lending, LLC: 92% approved of 48Home State Bank, National Association: 93% approved of 45Barrington Bank & Trust Company, National Association: 94% approved of 49Loan Funder LLC: 95% approved of 434The Loan Store, Inc.: 96% approved of 215Crosscountry Mortgage, LLC: 96% approved of 80Carrollton Bank: 97% approved of 33Iroquois Federal Savings and Loan Association: 97% approved of 36Compass Mortgage, Inc.: 97% approved of 38Bank of Springfield: 98% approved of 81United Community Bank: 98% approved of 54Wintrust Bank, National Association: 98% approved of 57Alliance Community Bank: 98% approved of 59Rf Renovo Management Company, LLC: 98% approved of 121INB, National Association: 99% approved of 202First State Bank: 100% approved of 67American Commercial Bank & Trust, National Association: 100% approved of 58Dominion Financial Services, LLC: 100% approved of 57The Fisher National Bank: 100% approved of 53BankChampaign, National Association: 100% approved of 49American Community Bank & Trust: 100% approved of 46Morton Community Bank: 100% approved of 43Longview Bank: 100% approved of 36Goodfield State Bank: 100% approved of 32West Central Bank: 100% approved of 32Warren-Boynton State Bank: 100% approved of 31

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

Investment property refinance lenders in Illinois

LenderApprovalApprovedTaken upTypical loanLoans made
1Kiavi Funding, Inc.85%371 / 43599%$155K369
2Loan Funder LLC95%414 / 43498%$175K407
3United Wholesale Mortgage, LLCBroker only67%175 / 26299%$225K173
4The Loan Store, Inc.96%206 / 21591%$225K188
5INB, National Association99%199 / 202100%$65K198

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 489 more lenders.

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Other lending data for Illinois

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

Counties in Illinois

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