2025 · Illinois
In 2025, 18,177 investment-property loans worth $5.4B were originated on single-family 1-4 unit homes in Illinois. Here's how those terms compared to the rest of the country.
Investor rate premium
72 bps
U.S. median: 76 bps
Denial rate
16.8%
U.S. median: 17.5%
DSCR / business-purpose
69%
U.S. median: 72%
Median LTV
75%
U.S. median: 74%
Since 2024 in Illinois
Rate premium
88 bps → 72 bps
-16 bpsInvestor loans
14,989 → 18,177
+21.3%Denial rate
16.5% → 16.8%
+0.4 ptsDSCR / business-purpose
66% → 69%
+2.4 ptsInvestors in Illinois borrowed at a median rate of 7.35%, versus 6.625% for owner-occupants — a 72 bps premium that ranks 37th of 51 states.
Their applications were denied 16.8% of the time. The leading reasons for denial were collateral, debt-to-income ratio, other.
69% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 20% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.
In 2025, the median investment-property loan in Illinois carried a rate of 7.35% versus 6.625% for an owner-occupant — a premium of 72 bps. That ranks 37th of 51 states (1 = highest premium).
16.8% of investment-property applications were denied in Illinois in 2025, the 27th-highest denial rate among the 51 states. The most common denial reasons were collateral, debt-to-income ratio, other.
69% of investor loans in Illinois were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (31st of 51). The median loan-to-value was 75%.
Source: CFPB / FFIEC HMDA combined Modified LAR (loan-level public dataset, early release), 2025. Single-family 1-4 unit, site-built loans; financed purchases only.