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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 Lenders in Elgin

Updated February 5, 2026

Market Overview

111

Total Lenders

9,323

Total Loans

0.40%

Median Rate Spread

Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Spread	Volume
1	GREENSTATE Credit Union	Exceptional	Exceptional	Exceptional	Exceptional	Exceptional	$898	+0.110%	222
2	UNITED WHOLESALE MORTGAGE, LLC	Exceptional	Sound	Exceptional	Exceptional	Exceptional	$1,815	+0.379%	620
3	The Huntington National Bank	Exceptional	Strong	Exceptional	Strong	Strong	-$420	+0.252%	147
4	First National Bank of Omaha	Exceptional	Strong	Strong	Strong	Exceptional	$704	+0.667%	132
5	FREEDOM MORTGAGE CORPORATION	Exceptional	Strong	Exceptional	Strong	Strong	$1,801	+0.633%	74
6	LOANDEPOT.COM, LLC	Exceptional	Sound	Exceptional	Strong	Exceptional	$3,255	+0.713%	244
7	M/I FINANCIAL, LLC	Exceptional	Sound	Exceptional	Strong	Exceptional	$3,529	+0.162%	161
8	TOWNE MORTGAGE COMPANY	Exceptional	Sound	Exceptional	Exceptional	Strong	$1,519	+0.613%	64
9	PENNYMAC LOAN SERVICES, LLC	Exceptional	Strong	Exceptional	Sound	Strong	$585	+0.094%	52
10	ROCKET MORTGAGE, LLC	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,883	+0.393%	542
11	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$2,953	+0.698%	242
12	Flagstar Bank, N.A.	Strong	Sound	Exceptional	Strong	Strong	$2,766	+0.608%	51
13	GUARANTEED RATE, INC.	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,004	+0.367%	689
14	JPMorgan Chase Bank, National Association	Strong	Sound	Strong	Sound	Exceptional	$1,898	+0.224%	467
15	GUILD MORTGAGE COMPANY LLC	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,597	+0.597%	446
16	KEY MORTGAGE SERVICES, INC.	Strong	Sound	Strong	Sound	Exceptional	$1,783	+0.331%	168
17	NEWREZ LLC	Strong	Sound	Exceptional	Sound	Strong	$2,518	+0.507%	103
18	UNION HOME MORTGAGE CORP.	Strong	Acceptable	Exceptional	Exceptional	Strong	$2,039	+0.645%	55
19	CIBM Bank	Strong	Sound	Strong	Strong	Strong	$1,311	+0.441%	45
20	RESICENTRAL, LLC	Strong	Strong	Strong	Sound	Sound	$650	+0.487%	34
21	MLD MORTGAGE INC.	Strong	Sound	Exceptional	Strong	Sound	$1,438	+0.413%	27
22	AMERICAN PACIFIC MORTGAGE CORPORATION	Strong	Mediocre	Exceptional	Exceptional	Exceptional	$2,911	+0.555%	224
23	COMPASS MORTGAGE, INC.	Strong	Acceptable	Strong	Strong	Exceptional	$2,426	+0.571%	173
24	Barrington Bank & Trust Company, National Association	Strong	Acceptable	Exceptional	Strong	Strong	$1,860	+0.523%	152
25	LOWER, LLC	Strong	Acceptable	Exceptional	Strong	Strong	$1,301	+0.605%	127
26	GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION	Strong	Acceptable	Exceptional	Strong	Strong	$1,746	+0.409%	93
27	BAY EQUITY LLC	Strong	Acceptable	Exceptional	Strong	Strong	$2,021	+0.223%	59
28	PLAZA HOME MORTGAGE, INC.	Strong	Acceptable	Exceptional	Strong	Strong	$1,874	+0.382%	50
29	CROSSCOUNTRY MORTGAGE, LLC	Strong	Mediocre	Exceptional	Strong	Exceptional	$3,298	+0.720%	289
30	Old Second National Bank	Strong	Sound	Sound	Acceptable	Exceptional	$1,191	+0.432%	116
31	MUTUAL OF OMAHA MORTGAGE, INC.	Strong	Acceptable	Exceptional	Sound	Strong	$1,877	+0.523%	96
32	The Federal Savings Bank	Strong	Acceptable	Exceptional	Sound	Strong	$3,067	+0.684%	73
33	POINT MORTGAGE CORPORATION	Strong	Acceptable	Strong	Strong	Strong	$1,383	+0.356%	60
34	CMG MORTGAGE, INC.	Strong	Acceptable	Exceptional	Strong	Sound	$1,192	+0.456%	45
35	THE MORTGAGE LINK, INC.	Strong	Acceptable	Exceptional	Strong	Sound	$3,689	+1.040%	36
36	THE ANDERSON FINANCIAL GROUP, INC.	Strong	Sound	Sound	Sound	Strong	$1,454	+0.422%	36
37	AMERICAN PORTFOLIO MORTGAGE CORPORATION	Strong	Acceptable	Exceptional	Strong	Sound	$3,010	+0.449%	30
38	AMERICAN FINANCIAL NETWORK, INC.	Strong	Acceptable	Exceptional	Strong	Sound	$2,540	+1.019%	22
39	OCMBC, INC.	Strong	Acceptable	Exceptional	Strong	Sound	$3,465	+1.296%	22
40	NATIONSTAR MORTGAGE LLC	Strong	Mediocre	Exceptional	Strong	Strong	$3,426	+0.581%	64
41	CARRINGTON MORTGAGE SERVICES, LLC	Strong	Acceptable	Exceptional	Sound	Sound	$5,747	+0.640%	22
42	GENEVA FINANCIAL, LLC	Strong	Mediocre	Exceptional	Exceptional	Sound	$4,244	+0.862%	21
43	NEW AMERICAN FUNDING, LLC	Sound	Mediocre	Exceptional	Sound	Strong	$2,042	+0.540%	93
44	Click n' Close, Inc.	Sound	Mediocre	Exceptional	Strong	Sound	$7,209	+1.890%	34
45	SUCCESS MORTGAGE PARTNERS, INC.	Sound	Mediocre	Exceptional	Strong	Sound	$3,973	+0.567%	25
46	CALCON MUTUAL MORTGAGE LLC	Sound	Mediocre	Exceptional	Strong	Sound	$2,652	+0.837%	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)

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.

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