Our analysis of 2025 HMDA data. Rates are medians on loans actually opened.
Why HELOCs were denied in Rockford, IL
First reason lenders gave, share of denials with a reason reported.
Denial rate by debt-to-income
Rockford, IL HELOC applications, 2025.
| Debt-to-income | Decisions | Denied |
|---|---|---|
| Under 20% | 112 | 38% |
| 20% to 29% | 232 | 22% |
| 30% to 35% | 204 | 22% |
| 36% to 42% | 309 | 21% |
| 43% to 49% | 252 | 25% |
| 50% to 60% | 131 | 60% |
| Over 60% | 152 | 99% |
If you were denied a HELOC in Rockford, IL
1 of the six major home equity investment providers list Illinois as a service area: Point. See which could fit you.
Compare a HELOC, home equity loan, cash-out refinance, and home equity investment side by side, with your own approval odds, in the home equity options tool. A HELOC like the typical 2025 loan here would start around 7.63% at today’s prime rate.
State rules: Illinois.
Other metro areas in Illinois
Elgin, IL (32%) · Chicago, IL (37%) · Lake County, IL (32%) · Peoria, IL (23%) · Bloomington, IL (24%) · Springfield, IL (21%) · All 358 metro areas
Questions
What is the HELOC denial rate in Rockford, IL?
Lenders denied 36.5% of the 1,429 HELOC applications they decided in the Rockford, IL metro area in 2025, above the national rate of 32.9%, according to federal HMDA data.
Why do HELOCs get denied in Rockford, IL?
The most common first reason lenders gave was debt-to-income ratio (42% of denials with a reason reported).
What is a typical HELOC rate in Rockford, IL?
The median starting rate on HELOCs opened in the Rockford, IL area in 2025 was 8.00%. HELOC rates move with the prime rate, which has changed by -0.37 points since, so a similar loan today would start around 7.63%. Your rate depends on your credit, equity, and lender.
Source: FFIEC / CFPB HMDA data, 2025, second-lien HELOCs and home equity loans with a credit decision, by the metro area HMDA assigns. Metro names: U.S. Census Bureau. Free to use with attribution (CC BY 4.0). Methodology: HELOC denial data.
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