Applications / Mortgage Analytics / Lenders / Illinois / Guaranteed Rate
Chicago, IL · Independent non-bank lender · CFPB · 70,579 loans in 2025
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70,579
loans originated, 2025
129,106
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Guaranteed Rate is a home-purchase lender with larger loans than nearly all similar lenders, ranking second of 902 lenders in its home market of Chicago-Naperville-Elgin and third of 664 in Boston-Cambridge-Newton.
Its typical loan was $345,000, against $295,000 at similar lenders (independent non-bank lenders making between half and twice as many loans), larger than at more than nine in ten of them. 5.5% of its loans were jumbo (larger than the conforming limit), against 1.6%, the highest share among them. Home purchases were 76.0% of its lending, and 74.8% of its loans were conventional.
It ranked second in Chicago-Naperville-Elgin, behind JPMorgan Chase Bank, third in Boston-Cambridge-Newton, behind Citizens Bank and Leader Bank, and fifth of 784 in Philadelphia-Camden-Wilmington. It has reported in Chicago since 2005.
It bought 23,244 loans in 2025, up from 4,717 five years earlier, while similar lenders typically bought 162. It made 70,579 loans, up 12%: faster than the whole market's 10% but slower than the 19% at similar lenders.
FHA loans (insured by the Federal Housing Administration) were 15.1% of its lending, against 22.1%, and 25.1% of its loans went to LMI (low- and moderate-income) borrowers, against 29.5%; both shares were lower than at about four in five similar lenders. Its larger loans and conventional mix could go with a borrower base that leans to higher incomes. Its share of higher-priced loans (a rate well above the average for similar loans) fell to 3.5% from 5.0%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Guaranteed Rate took 129,106 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 76.0% · Refinance 18.5% · Other 3.5% · Home improvement 2.1%
Conventional 74.8% · FHA 15.1% · VA 9.6% · USDA (RHS or FSA) 0.4% · of 70,579 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Illinois | 10,217 | 14.5% |
| California | 6,248 | 8.9% |
| New Jersey | 4,826 | 6.8% |
| Massachusetts | 4,507 | 6.4% |
| Texas | 3,318 | 4.7% |
| Florida | 3,204 | 4.5% |
| Pennsylvania | 3,119 | 4.4% |
| Ohio | 2,795 | 4.0% |
| North Carolina | 2,491 | 3.5% |
| Colorado | 2,143 | 3.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 7,688 |
| Cambridge-Newton-Framingham | 2,300 |
| Newark | 1,549 |
| Philadelphia | 1,411 |
| New York-Jersey City-White Plains | 1,340 |
| Boston | 1,261 |
| Arlington-Alexandria-Reston | 1,259 |
| Minneapolis-St. Paul-Bloomington | 1,143 |
| Lakewood-New Brunswick | 1,114 |
| Phoenix-Mesa-Chandler | 1,089 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300U3721PJGQZYY68 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3870099 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7364327855 |
Established 9 November 1999. Reported under HMDA 2005-2025.
Mergers, name changes, data editions and corrections: Guaranteed Rate's data.
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