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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 Bank Mortgage Lenders in Elgin
Updated February 5, 2026
Market Overview
19
Total Lenders
1,843
Total Loans
0.26%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|
1 | Old National Bank | Exceptional | Exceptional | Strong | Strong | $972 | +0.019% | 54 | |
2 | First National Bank of Omaha | Exceptional | Strong | Strong | Exceptional | $704 | +0.667% | 132 | |
3 | Associated Bank, National Association | Exceptional | Exceptional | Strong | Sound | $400 | +0.023% | 27 | |
4 | The Huntington National Bank | Strong | Strong | Strong | Strong | -$420 | +0.252% | 147 | |
5 | Fifth Third Bank, National Association | Strong | Strong | Strong | Strong | $436 | +0.437% | 89 | |
6 | U.S. Bank National Association | Strong | Strong | Strong | Strong | $860 | +0.154% | 79 | |
7 | Bank of America, National Association | Strong | Strong | Strong | Strong | $2,419 | -0.092% | 47 | |
8 | NBKC BANK | Strong | Exceptional | Sound | Sound | $506 | -0.118% | 20 | |
9 | JPMorgan Chase Bank, National Association | Strong | Sound | Strong | Exceptional | $1,898 | +0.224% | 467 | |
10 | Old Second National Bank | Strong | Sound | Strong | Exceptional | $1,191 | +0.432% | 116 | |
11 | Wells Fargo Bank, National Association | Strong | Strong | Sound | Strong | $1,945 | +0.001% | 66 | |
12 | PNC Bank, National Association | Strong | Strong | Strong | Sound | -$536 | +0.239% | 31 | |
13 | First American Bank | Strong | Strong | Sound | Sound | $1,246 | +0.089% | 27 | |
14 | CIBM Bank | Strong | Sound | Sound | Strong | $1,311 | +0.441% | 45 | |
15 | Barrington Bank & Trust Company, National Association | Strong | Acceptable | Strong | Strong | $1,860 | +0.523% | 152 | |
16 | Flagstar Bank, N.A. | Strong | Acceptable | Strong | Strong | $2,766 | +0.608% | 51 | |
17 | BMO Bank National Association | Strong | Sound | Sound | Sound | $570 | +0.428% | 42 | |
18 | Midland States Bank | Sound | Acceptable | Sound | Sound | $1,211 | +0.624% | 29 | |
19 | The Federal Savings Bank | Sound | Mediocre | Sound | Strong | $3,067 | +0.684% | 73 |
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 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Place
Local market expertise (33%)
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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