Chicago-Naperville-Schaumburg
Metropolitan Statistical Area · MSA Code 16984
According to CFPB HMDA 2024 application volume among tracked metros, Chicago-Naperville-Schaumburg ranks #5 of 418.
Mortgage lending activity in the Chicago-Naperville-Schaumburg metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Chicago-Naperville-Schaumburg Metropolitan Statistical Area (MSA code 16984) recorded 222,009 HMDA-reported mortgage applications in 2024. Lenders originated 109,311 of those and denied others at a rate of 17.2%, for an approval (origination) rate of 49.2%. The average loan amount across the MSA was $322,925 at an average note rate of 7.23%. 20 major lenders are tracked for this metro - Guaranteed Rate, INC., United Wholesale Mortgage, JPMorgan Chase Bank, NA lead by origination volume. Among the 418 metros tracked, Chicago-Naperville-Schaumburg ranks #247 by denial rate (the 41st percentile for approval-friendliness), and shares its 5-point denial-rate band with 241 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Chicago-Naperville-Schaumburg denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 17.2% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $322,925 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Chicago-Naperville-Schaumburg
In Chicago-Naperville-Schaumburg, lead originator Guaranteed Rate, INC. funded only 6.2% of 109,311 originated loans, below the fleet's lower tercile (~8.7% top-1 share). The top three reporters together hold 17.1% of the book, so shopping across channels still meets many active filers.
Metros With a Similar Denial Rate
The metro areas closest to Chicago-Naperville-Schaumburg's 17.2% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Chicago-Naperville-Schaumburg's 222,009 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Chicago-Naperville-Schaumburg's $322,925 average loan (deduped against denial and volume peers).
Lenders active in the Chicago-Naperville-Schaumburg metro
Guaranteed Rate, INC. funded 6,822 of the 109,311 loans originated here, 6.2% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Guaranteed Rate, INC. | 6,822 | 12,370 | $348,784 | 6.2% |
| 2 | United Wholesale Mortgage | 5,988 | 8,176 | $312,391 | 5.5% |
| 3 | JPMorgan Chase Bank, NA | 5,932 | 9,683 | $403,889 | 5.4% |
| 4 | Rocket Mortgage | 5,023 | 7,280 | $242,114 | 4.6% |
| 5 | Huntington National Bank | 3,840 | 8,102 | $228,145 | 3.5% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. Metropolitan Statistical Areas defined by the U.S. Office of Management and Budget (OMB).
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Chicago-Naperville-Schaumburg borrowers.
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 Chicago-Naperville-Schaumburg 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.