Safe Rate Rankings

Best FHA Mortgage Bank Lenders in Illinois

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 Lenders360
Total Loans123,748
Median Rate Spread0.41%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
INB, National AssociationBank
Exceptional
Exceptional
Strong
Strong
Exceptional
$640Fees
0.308%Above
653
2
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$745Credit
0.195%Above
2,085
3
Associated Bank, National AssociationBank
Exceptional
Exceptional
Strong
Strong
Strong
$533Fees
0.096%Above
484
4
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Sound
Exceptional
$460Fees
0.254%Above
2,055
5
Fifth Third Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Exceptional
$339Credit
0.266%Above
1,233
6
Old National BankBank
Exceptional
Exceptional
Strong
Sound
Strong
$861Fees
0.034%Above
626
7
FCB BanksBank
Exceptional
Exceptional
Sound
Sound
Exceptional
$715Fees
0.092%Below
566
8
Carrollton BankBank
Exceptional
Strong
Strong
Strong
Strong
$776Fees
0.080%Above
365
9
Citibank, National AssociationBank
Strong
Exceptional
Sound
Acceptable
Strong
$1,743Credit
0.101%Below
811
10
PNC Bank, National AssociationBank
Strong
Strong
Strong
Sound
Strong
$188Credit
0.254%Above
784
11
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Strong
Strong
$2,249Fees
0.530%Above
704
12
Busey BankBank
Strong
Strong
Sound
Sound
Exceptional
$911Fees
0.312%Above
669
13
United Community BankBank
Strong
Strong
Sound
Sound
Exceptional
$121Fees
0.128%Above
649
14
Midland States BankBank
Strong
Sound
Strong
Strong
Exceptional
$1,376Fees
0.696%Above
426
15
Heartland Bank and Trust CompanyBank
Strong
Strong
Sound
Sound
Exceptional
$573Fees
0.471%Above
371
16
JPMorgan Chase Bank, National AssociationBank
Strong
Sound
Strong
Sound
Exceptional
$1,688Fees
0.163%Above
6,487
17
Barrington Bank & Trust Company, National AssociationBank
Strong
Acceptable
Exceptional
Strong
Exceptional
$1,856Fees
0.455%Above
2,395
18
First Mid Bank & Trust, National AssociationBank
Strong
Sound
Strong
Sound
Exceptional
$872Fees
0.176%Above
741
19
Bank of SpringfieldBank
Strong
Strong
Sound
Sound
Strong
$461Fees
0.093%Above
373
20
CIBM BankBank
Strong
Sound
Strong
Strong
Strong
$1,394Fees
0.491%Above
352
21
Regions BankBank
Strong
Sound
Exceptional
Sound
Strong
$1,214Fees
0.586%Above
345
22
The Federal Savings BankBank
Strong
Acceptable
Exceptional
Sound
Exceptional
$3,061Fees
0.794%Above
933
23
Wells Fargo Bank, National AssociationBank
Strong
Sound
Strong
Sound
Strong
$1,823Fees
0.033%Above
781
24
BMO Bank National AssociationBank
Strong
Sound
Strong
Sound
Strong
$449Fees
0.420%Above
582
25
Bank of America, National AssociationBank
Strong
Acceptable
Strong
Sound
Exceptional
$1,634Fees
0.082%Below
1,025
26
Ixonia BankBank
Strong
Mediocre
Exceptional
Strong
Strong
$3,434Fees
0.807%Above
536

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.