Safe Rate Rankings

Best Conventional Mortgage Lenders in Elgin

Updated May 19, 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.
Total Lenders111
Total Loans9,323
Median Rate Spread0.40%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
GREENSTATE Credit UnionCredit Union
Exceptional
Exceptional
Exceptional
Exceptional
Exceptional
$898Fees
0.110%Above
222
2
Old National BankBank
Exceptional
Exceptional
Exceptional
Strong
Strong
$972Fees
0.019%Above
54
3
First National Bank of OmahaBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$704Fees
0.667%Above
132
4
Associated Bank, National AssociationBank
Exceptional
Exceptional
Exceptional
Strong
Sound
$400Fees
0.023%Above
27
5
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Strong
$420Credit
0.252%Above
147
6
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Strong
Strong
$860Fees
0.154%Above
79
7
Bank of America, National AssociationBank
Exceptional
Strong
Exceptional
Strong
Strong
$2,419Fees
0.092%Below
47
8
NAVY FEDERAL CREDIT UNIONCredit Union
Exceptional
Exceptional
Exceptional
Sound
Sound
$649Fees
0.388%Below
39
9
JPMorgan Chase Bank, National AssociationBank
Exceptional
Sound
Exceptional
Strong
Exceptional
$1,898Fees
0.224%Above
467
10
LOANDEPOT.COM, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Strong
Exceptional
$3,255Fees
0.713%Above
244
11
Fifth Third Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Strong
$436Fees
0.437%Above
89
12
Wells Fargo Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Strong
$1,945Fees
0.001%Above
66
13
GMFS LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Strong
$2,119Fees
0.365%Above
46
14
PNC Bank, National AssociationBank
Exceptional
Strong
Exceptional
Strong
Sound
$536Credit
0.239%Above
31
15
NBKC BANKBank
Exceptional
Exceptional
Strong
Sound
Sound
$506Fees
0.118%Below
20
16
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$1,815Fees
0.379%Above
620
17
ROCKET MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$3,883Fees
0.393%Above
542
18
Barrington Bank & Trust Company, National AssociationBank
Strong
Sound
Exceptional
Strong
Strong
$1,860Fees
0.523%Above
152
19
MUTUAL OF OMAHA MORTGAGE, INC.Independent Mortgage Company
Strong
Strong
Strong
Sound
Strong
$1,877Fees
0.523%Above
96
20
BAY EQUITY LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$2,021Fees
0.223%Above
59
21
PLAZA HOME MORTGAGE, INC.Independent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$1,874Fees
0.382%Above
50
22
FIRST STATE MORTGAGE SERVICES, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Exceptional
Sound
$1,100Fees
0.496%Above
26
23
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,004Fees
0.367%Above
689
24
GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,597Fees
0.597%Above
446
25
CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$3,298Fees
0.720%Above
289
26
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,953Fees
0.698%Above
242
27
KEY MORTGAGE SERVICES, INC.Independent Mortgage Company
Strong
Sound
Strong
Sound
Exceptional
$1,783Fees
0.331%Above
168
28
POINT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Sound
Strong
Strong
Strong
$1,383Fees
0.356%Above
60
29
PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Sound
Strong
$585Fees
0.094%Above
52
30
CIBM BankBank
Strong
Sound
Strong
Strong
Strong
$1,311Fees
0.441%Above
45
31
BMO Bank National AssociationBank
Strong
Strong
Strong
Sound
Sound
$570Fees
0.428%Above
42
32
COMPASS MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Strong
Strong
Exceptional
$2,426Fees
0.571%Above
173
33
M/I FINANCIAL, LLCIndependent Mortgage Company
Strong
Acceptable
Strong
Strong
Exceptional
$3,529Fees
0.162%Above
161
34
LOWER, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,301Fees
0.605%Above
127
35
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,746Fees
0.409%Above
93
36
FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Sound
Strong
Sound
Strong
$1,801Fees
0.633%Above
74
37
TOWNE MORTGAGE COMPANYIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,519Fees
0.613%Above
64
38
NATIONSTAR MORTGAGE LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,426Fees
0.581%Above
64
39
THE LOAN STORE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$993Fees
0.397%Above
61
40
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,039Fees
0.645%Above
55
41
Flagstar Bank, N.A.Bank
Strong
Acceptable
Exceptional
Strong
Strong
$2,766Fees
0.608%Above
51
42
PROPER RATE, LLCIndependent Mortgage Company
Strong
Sound
Strong
Sound
Strong
$1,400Fees
0.372%Above
44
43
A & N MORTGAGE SERVICES, INC.Independent Mortgage Company
Strong
Sound
Strong
Strong
Sound
$1,297Fees
0.262%Above
32
44
MLD MORTGAGE INC.Independent Mortgage Company
Strong
Sound
Strong
Strong
Sound
$1,438Fees
0.413%Above
27
45
AMERIHOME MORTGAGE COMPANY, LLCIndependent Mortgage Company
Strong
Sound
Strong
Strong
Sound
$1,972Fees
0.420%Above
24
46
Servion, Inc.Independent Mortgage Company
Strong
Sound
Strong
Strong
Sound
$1,095Fees
0.463%Above
23
47
NEWREZ LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$2,518Fees
0.507%Above
103
48
NEW AMERICAN FUNDING, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$2,042Fees
0.540%Above
93
49
GUARANTEED RATE AFFINITY, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$2,122Fees
0.466%Above
61
50
CMG MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$1,192Fees
0.456%Above
45

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.