Safe Rate Rankings

Best FHA 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
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$1,815Fees
0.379%Above
620
3
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Strong
$420Credit
0.252%Above
147
4
First National Bank of OmahaBank
Exceptional
Strong
Strong
Strong
Exceptional
$704Fees
0.667%Above
132
5
FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$1,801Fees
0.633%Above
74
6
LOANDEPOT.COM, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Strong
Exceptional
$3,255Fees
0.713%Above
244
7
M/I FINANCIAL, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Strong
Exceptional
$3,529Fees
0.162%Above
161
8
TOWNE MORTGAGE COMPANYIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Strong
$1,519Fees
0.613%Above
64
9
PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$585Fees
0.094%Above
52
10
ROCKET MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$3,883Fees
0.393%Above
542
11
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$2,953Fees
0.698%Above
242
12
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Strong
Strong
$2,766Fees
0.608%Above
51
13
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,004Fees
0.367%Above
689
14
JPMorgan Chase Bank, National AssociationBank
Strong
Sound
Strong
Sound
Exceptional
$1,898Fees
0.224%Above
467
15
GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,597Fees
0.597%Above
446
16
KEY MORTGAGE SERVICES, INC.Independent Mortgage Company
Strong
Sound
Strong
Sound
Exceptional
$1,783Fees
0.331%Above
168
17
NEWREZ LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Sound
Strong
$2,518Fees
0.507%Above
103
18
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$2,039Fees
0.645%Above
55
19
CIBM BankBank
Strong
Sound
Strong
Strong
Strong
$1,311Fees
0.441%Above
45
20
RESICENTRAL, LLCIndependent Mortgage Company
Strong
Strong
Strong
Sound
Sound
$650Fees
0.487%Above
34
21
MLD MORTGAGE INC.Independent Mortgage Company
Strong
Sound
Exceptional
Strong
Sound
$1,438Fees
0.413%Above
27
22
AMERICAN PACIFIC MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Mediocre
Exceptional
Exceptional
Exceptional
$2,911Fees
0.555%Above
224
23
COMPASS MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Strong
Strong
Exceptional
$2,426Fees
0.571%Above
173
24
Barrington Bank & Trust Company, National AssociationBank
Strong
Acceptable
Exceptional
Strong
Strong
$1,860Fees
0.523%Above
152
25
LOWER, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,301Fees
0.605%Above
127
26
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,746Fees
0.409%Above
93
27
BAY EQUITY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,021Fees
0.223%Above
59
28
PLAZA HOME MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,874Fees
0.382%Above
50
29
CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Exceptional
$3,298Fees
0.720%Above
289
30
Old Second National BankBank
Strong
Sound
Sound
Acceptable
Exceptional
$1,191Fees
0.432%Above
116
31
MUTUAL OF OMAHA MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$1,877Fees
0.523%Above
96
32
The Federal Savings BankBank
Strong
Acceptable
Exceptional
Sound
Strong
$3,067Fees
0.684%Above
73
33
POINT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Strong
Strong
Strong
$1,383Fees
0.356%Above
60
34
CMG MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$1,192Fees
0.456%Above
45
35
THE MORTGAGE LINK, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$3,689Fees
1.040%Above
36
36
THE ANDERSON FINANCIAL GROUP, INC.Independent Mortgage Company
Strong
Sound
Sound
Sound
Strong
$1,454Fees
0.422%Above
36
37
AMERICAN PORTFOLIO MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$3,010Fees
0.449%Above
30
38
OCMBC, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$3,465Fees
1.296%Above
22
39
AMERICAN FINANCIAL NETWORK, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$2,540Fees
1.019%Above
22
40
NATIONSTAR MORTGAGE LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Strong
$3,426Fees
0.581%Above
64
41
CARRINGTON MORTGAGE SERVICES, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Sound
$5,747Fees
0.640%Above
22
42
GENEVA FINANCIAL, LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Exceptional
Sound
$4,244Fees
0.862%Above
21
43
NEW AMERICAN FUNDING, LLCIndependent Mortgage Company
Sound
Mediocre
Exceptional
Sound
Strong
$2,042Fees
0.540%Above
93
44
Click n' Close, Inc.Independent Mortgage Company
Sound
Mediocre
Exceptional
Strong
Sound
$7,209Fees
1.890%Above
34
45
SUCCESS MORTGAGE PARTNERS, INC.Independent Mortgage Company
Sound
Mediocre
Exceptional
Strong
Sound
$3,973Fees
0.567%Above
25
46
CALCON MUTUAL MORTGAGE LLCIndependent Mortgage Company
Sound
Mediocre
Exceptional
Strong
Sound
$2,652Fees
0.837%Above
22

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.