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Safe Rate's TrueRank Guarantee
Our rankings are earned, not bought. We analyze 2,347 lenders using federal HMDA data—no pay-to-play, no cherry-picking. You see the best options based on performance metrics, not advertising dollars.
Best FHA Mortgage Bank Lenders in Chicago
Updated February 5, 2026
Market Overview
20
Total Lenders
69,290
Total Loans
0.45%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Product | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|---|
1 | The Huntington National Bank | Exceptional | Strong | Exceptional | Strong | Exceptional | -$876 | +0.180% | 1,680 | |
2 | Associated Bank, National Association | Exceptional | Exceptional | Strong | Strong | Strong | $520 | +0.097% | 305 | |
3 | U.S. Bank National Association | Exceptional | Strong | Exceptional | Sound | Exceptional | $173 | +0.152% | 1,013 | |
4 | Fifth Third Bank, National Association | Exceptional | Strong | Exceptional | Sound | Exceptional | -$501 | +0.216% | 937 | |
5 | Old National Bank | Exceptional | Exceptional | Strong | Sound | Strong | $909 | +0.018% | 452 | |
6 | CIBC Bank USA | Exceptional | Exceptional | Strong | Sound | Strong | -$1,094 | +0.159% | 185 | |
7 | NBKC BANK | Exceptional | Exceptional | Strong | Sound | Strong | $686 | -0.045% | 147 | |
8 | Citibank, National Association | Exceptional | Exceptional | Sound | Acceptable | Exceptional | -$1,772 | -0.106% | 702 | |
9 | Flagstar Bank, N.A. | Strong | Sound | Exceptional | Strong | Strong | $2,367 | +0.559% | 460 | |
10 | PNC Bank, National Association | Strong | Strong | Strong | Sound | Strong | -$252 | +0.168% | 347 | |
11 | JPMorgan Chase Bank, National Association | Strong | Sound | Strong | Sound | Exceptional | $1,681 | +0.147% | 5,072 | |
12 | Barrington Bank & Trust Company, National Association | Strong | Acceptable | Exceptional | Strong | Exceptional | $1,916 | +0.445% | 1,731 | |
13 | CIBM Bank | Strong | Sound | Strong | Strong | Strong | $1,325 | +0.441% | 215 | |
14 | Marquette Bank | Strong | Strong | Sound | Sound | Strong | $1,676 | +0.055% | 174 | |
15 | The Federal Savings Bank | Strong | Acceptable | Exceptional | Sound | Exceptional | $3,016 | +0.786% | 728 | |
16 | Wells Fargo Bank, National Association | Strong | Sound | Strong | Sound | Strong | $1,683 | -0.061% | 469 | |
17 | BMO Bank National Association | Strong | Sound | Strong | Sound | Strong | $406 | +0.420% | 453 | |
18 | Home State Bank, National Association | Strong | Sound | Sound | Strong | Strong | $1,744 | +0.458% | 148 | |
19 | Bank of America, National Association | Strong | Acceptable | Strong | Sound | Strong | $1,662 | -0.093% | 814 | |
20 | Ixonia Bank | Strong | Mediocre | Exceptional | Strong | Strong | $3,413 | +0.815% | 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)
10
Pricing
Rate and fee competitiveness (25%)
10
Pull Through
Reliability in closing loans (25%)
10
Product
Specialization in the loan type (25%)
10
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.
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