PlainLender
2024 data HMDA 2024 disclosure official source

Will County

28,359 mortgage applications, 16.5% denial rate. Verify FIPS 17197 with U.S. Census Bureau →

PlainLender home → About this data

Illinois · FIPS 17197

Local mortgage market. Will County, Illinois saw 28,359 HMDA-reported mortgage applications in 2024. Lenders originated 14,339 of those loans and denied 4,687, producing a denial rate of 16.5% and an approval (origination) rate of 50.6%. The average loan amount was $248,988 at an average note rate of 7.30%, with applicants self-reporting average annual income of $39K. 447 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.4x, meaning typical borrowers took on mortgages of about 6.4 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 17197 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

28,359
Applications
14,339
Originated
16.5%
Denial Rate
50.6%
Approval Rate
$248,988
Avg Loan Amount
7.30%
Avg Interest Rate
$39K
Avg Applicant Income
6.4x
Loan-to-Income Ratio

Nearby Lenders in Will County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Guaranteed Rate, INC. 848 5.9%
2 Rocket Mortgage 842 5.9%
3 United Wholesale Mortgage 741 5.2%
4 BMO Harris Bank NA 533 3.7%
5 JPMorgan Chase Bank, NA 517 3.6%
Compare Guaranteed Rate, INC. vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Will County?
In the 2024 HMDA reporting year, 28,359 mortgage applications were filed in Will County, Illinois. Of these, 14,339 were originated (approved and funded), while 4,687 were denied, resulting in a denial rate of 16.5%.
What is the mortgage denial rate in Will County?
The mortgage denial rate in Will County is 16.5%. The approval (origination) rate is 50.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Will County?
The average mortgage loan amount in Will County is $248,988. The average interest rate is 7.305%. The average applicant income is $39K.
What is the loan-to-income ratio in Will County?
The average loan-to-income ratio in Will County is 6.4x, meaning borrowers took on loans averaging 6.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Will County?
The top mortgage lenders in Will County by origination volume are Guaranteed Rate, INC., Rocket Mortgage, United Wholesale Mortgage. In total, 447 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.