Busey Bank mortgage approval rate & lending review
Busey Bank decided 4,074 mortgage applications and funded 3,564 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Busey Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Busey Bank at a glance
Approval is 8.9 points above the 79.8% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 91% | 1,937 / 2,131 | 99% | $195K | 1,923 |
| Home improvement loans | 87% | 598 / 688 | 96% | $55K | 577 |
| Cash-out refinance | 84% | 212 / 253 | 99% | $125K | 210 |
| Refinance | 85% | 609 / 714 | 98% | $75K | 598 |
| Investment property purchase | 95% | 189 / 199 | 98% | $155K | 185 |
| Investment refinance | 80% | 45 / 56 | 100% | $105K | 45 |
| Investment home improvement | 79% | 26 / 33 | 100% | $45K | 26 |
Busey Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Illinois | 89% | $195K | 3,476 | 3,058 |
| Florida | 83% | $455K | 218 | 176 |
| Indiana | 87% | $195K | 158 | 138 |
| Missouri | 87% | $145K | 134 | 113 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Busey Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Champaign County, IL | Mortgage lenders | 96% | 609 | 574 |
| Madison County, IL | Mortgage lenders | 95% | 212 | 199 |
| Macon County, IL | Mortgage lenders | 84% | 199 | 167 |
| Champaign County, IL | Home improvement loans | 89% | 151 | 130 |
| Madison County, IL | Refinance | 90% | 147 | 129 |
| McLean County, IL | Mortgage lenders | 91% | 140 | 127 |
| Champaign County, IL | Refinance | 81% | 118 | 94 |
| Madison County, IL | Home improvement loans | 89% | 108 | 92 |
| Will County, IL | Mortgage lenders | 87% | 103 | 90 |
| Peoria County, IL | Mortgage lenders | 89% | 96 | 85 |
| Cook County, IL | Refinance | 86% | 94 | 81 |
| Cook County, IL | Home improvement loans | 87% | 70 | 61 |
The county markets where Busey Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Busey Bank
What is Busey Bank's mortgage approval rate?
Busey Bank approved 88.8% of the 4,074 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 8.9 points above the 79.8% national rate for the same mix of loan types.
How often do borrowers take the loan Busey Bank offers?
Borrowers accepted 99% of the loans Busey Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Busey Bank make?
The typical home purchase mortgage loan Busey Bank made was $195K; across all loan types its typical loan ran from $45K to $195K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Busey Bank lend?
Busey Bank decided applications in 24 of the states Fat Boy Data covers, most of them in Illinois, Florida and Indiana.
Can I apply to Busey Bank directly?
Yes. Busey Bank is a bank or credit union with 81 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Busey Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Busey Bank treats applications, then get a rate quote from the lender.