Safe Rate Rankings

Best FHA Mortgage Bank Lenders in Chicago

Updated May 31, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders254

Total Loans69,290

Median Rate Spread0.45%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	The Huntington National BankBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$876Credit	0.180%Above	1,680
2	Associated Bank, National AssociationBank	Exceptional	Exceptional	Strong	Strong	Strong	$520Fees	0.097%Above	305
3	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Sound	Exceptional	$173Fees	0.152%Above	1,013
4	Fifth Third Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Exceptional	$501Credit	0.216%Above	937
5	Old National BankBank	Exceptional	Exceptional	Strong	Sound	Strong	$909Fees	0.018%Above	452
6	CIBC Bank USABank	Exceptional	Exceptional	Strong	Sound	Strong	$1,094Credit	0.159%Above	185
7	NBKC BANKBank	Exceptional	Exceptional	Strong	Sound	Strong	$686Fees	0.045%Below	147
8	Citibank, National AssociationBank	Exceptional	Exceptional	Sound	Acceptable	Exceptional	$1,772Credit	0.106%Below	702
9	Flagstar Bank, N.A.Bank	Strong	Sound	Exceptional	Strong	Strong	$2,367Fees	0.559%Above	460
10	PNC Bank, National AssociationBank	Strong	Strong	Strong	Sound	Strong	$252Credit	0.168%Above	347
11	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Strong	Sound	Exceptional	$1,681Fees	0.147%Above	5,072
12	Barrington Bank & Trust Company, National AssociationBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,916Fees	0.445%Above	1,731
13	CIBM BankBank	Strong	Sound	Strong	Strong	Strong	$1,325Fees	0.441%Above	215
14	Marquette BankBank	Strong	Strong	Sound	Sound	Strong	$1,676Fees	0.055%Above	174
15	The Federal Savings BankBank	Strong	Acceptable	Exceptional	Sound	Exceptional	$3,016Fees	0.786%Above	728
16	Wells Fargo Bank, National AssociationBank	Strong	Sound	Strong	Sound	Strong	$1,683Fees	0.061%Below	469
17	BMO Bank National AssociationBank	Strong	Sound	Strong	Sound	Strong	$406Fees	0.420%Above	453
18	Home State Bank, National AssociationBank	Strong	Sound	Sound	Strong	Strong	$1,744Fees	0.458%Above	148
19	Bank of America, National AssociationBank	Strong	Acceptable	Strong	Sound	Strong	$1,662Fees	0.093%Below	814
20	Ixonia BankBank	Strong	Mediocre	Exceptional	Strong	Strong	$3,413Fees	0.815%Above	333

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.