PROPER RATE, LLC
PROPER RATE, LLC received 447 applications in 2025 and made 232 mortgages, in 41 counties across 13 states. The median rate its borrowers got was 6.925% on a median loan of $370,000. Of 250 decisions, 10 were denials — 4.0%, most often for debt-to-income ratio.
| Legal Entity Identifier | 549300YAYQAARPBTRA72 |
|---|---|
| Applications received | 447 |
| Mortgages made | 232 |
| Denied | 10 |
| Approved, not taken up | 8 |
| Withdrawn or incomplete | 197 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.356 points |
| FDIC-insured bank | This lender is not an FDIC-insured bank under this name: a mortgage company, a credit union, or a bank filing under another name. |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 218 | 6.925% | $375,000 | 2.6% |
| Refinancing | 7 | Under 10 loans | Under 10 loans | 0.0% |
| Cash-out refinancing | 6 | Under 10 loans | Under 10 loans | 30.0% |
| Other purposes | 1 | Under 10 loans | Under 10 loans | 25.0% |
Where PROPER RATE, LLC lends most
The 41 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Cook County, IL | 144 | 6.875% | 4.4% |
| DuPage County, IL | 23 | 6.990% | 0.0% |
| Lake County, IL | 14 | 6.963% | 6.7% |
| Will County, IL | 6 | Under 10 loans | 0.0% |
| Porter County, IN | 6 | Under 10 loans | 0.0% |
| Lake County, IN | 5 | Under 10 loans | 16.7% |
| Berrien County, MI | 4 | Under 10 loans | 0.0% |
| Kane County, IL | 3 | Under 10 loans | 25.0% |
| LaPorte County, IN | 3 | Under 10 loans | 0.0% |
| Walworth County, WI | 3 | Under 10 loans | 0.0% |
| Solano County, CA | 2 | Under 10 loans | 0.0% |
| McHenry County, IL | 2 | Under 10 loans | 0.0% |
| Maricopa County, AZ | 1 | Under 10 loans | 0.0% |
| San Francisco County, CA | 1 | Under 10 loans | 0.0% |
| Santa Cruz County, CA | 1 | Under 10 loans | 0.0% |
| Boulder County, CO | 1 | Under 10 loans | 0.0% |
| Jefferson County, CO | 1 | Under 10 loans | 0.0% |
| Fayette County, GA | 1 | Under 10 loans | 0.0% |
| Kendall County, IL | 1 | Under 10 loans | 0.0% |
| Tazewell County, IL | 1 | Under 10 loans | 0.0% |
| Johnson County, KS | 1 | Under 10 loans | 0.0% |
| Kent County, MI | 1 | Under 10 loans | 0.0% |
| Oceana County, MI | 1 | Under 10 loans | 0.0% |
| Wayne County, MI | 1 | Under 10 loans | 0.0% |
| Franklin County, OH | 1 | Under 10 loans | 0.0% |
| Davidson County, TN | 1 | Under 10 loans | 0.0% |
| Travis County, TX | 1 | Under 10 loans | 0.0% |
| Kenosha County, WI | 1 | Under 10 loans | 0.0% |
| Milwaukee County, WI | 1 | Under 10 loans | 0.0% |
| San Diego County, CA | 0 | Under 10 loans | Not published |
| San Joaquin County, CA | 0 | Under 10 loans | Not published |
| San Mateo County, CA | 0 | Under 10 loans | Not published |
| Santa Clara County, CA | 0 | Under 10 loans | Not published |
| Stanislaus County, CA | 0 | Under 10 loans | Not published |
| Putnam County, IL | 0 | Under 10 loans | Not published |
| Hamilton County, IN | 0 | Under 10 loans | Not published |
| Benzie County, MI | 0 | Under 10 loans | Not published |
| Houghton County, MI | 0 | Under 10 loans | Not published |
| Wake County, NC | 0 | Under 10 loans | Not published |
| Ozaukee County, WI | 0 | Under 10 loans | Not published |
| Washington County, WI | 0 | Under 10 loans | Not published |
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When PROPER RATE, LLC’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.