# FIRST STATE MORTGAGE SERVICES, LLC

> **Canonical URL:** https://saferate.com/lenders/first-state-mortgage-services


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


FIRST STATE MORTGAGE SERVICES, LLC is a independent mortgage company, headquartered in MENDOTA, IL, serving borrowers across 23 states, with 1,247 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 48% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 16% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 5493000F6NFDOVVZP043
- **Headquarters:** MENDOTA, IL
- **Geographic Reach:** Multi-Region
- **States Served:** 23
- **State List:** AL, AR, AZ, CO, FL, GA, IA, IL, IN, KS, KY, LA, MI, MN, MO, NC, NE, OH, SC, TN, TX, UT, WI
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 87.9%
- **Brokered/Wholesale:** 12.1%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pull Through: Exceptional 🤩
- Score: 84/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.359%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,418
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,247
- **Dollar Volume:** $297 million
- **Applications Received:** 1,463
- **Market Share:** 4.00%

## Typical Borrower Profile

- **Average Loan Amount:** $237,991
- **Average Borrower Income:** $116,569
- **Average Property Value:** $295,978

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (76%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **USDA Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (76%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 984 | +0.339% | $1,483 | Exceptional 🤩 |
| FHA | 75/100 | 132 | +0.714% | $1,186 | Strong 😀 |
| VA | 74/100 | 65 | -0.046% | $834 | Strong 😀 |
| USDA | 84/100 | 65 | +0.517% | $994 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 900 loans, Score: 82/100 (Exceptional)
- Refinance: 84 loans, Score: 70/100 (Strong)

**FHA:**
- Purchase: 128 loans, Score: 75/100 (Strong)

**VA:**
- Purchase: 63 loans, Score: 74/100 (Strong)

**USDA:**
- Purchase: 65 loans, Score: 84/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 81/100 | 1,157 | $271M | +0.366% | Exceptional 🤩 |
| Refinance | 69/100 | 90 | $26M | +0.285% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 1,052 | 0.84% | 89/100 |
| WI | 116 | 0.18% | 65/100 |
| TN | 11 | 0.01% | 37/100 |
| IN | 10 | 0.01% | 37/100 |
| NE | 10 | 0.05% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Bloomington, IL | IL | 580 | 100/100 |
| Non |  | 195 | 60/100 |
| Peoria, IL | IL | 108 | 73/100 |
| Milwaukee | WI | 92 | 68/100 |
| Chicago | IL | 86 | 62/100 |
| Champaign | IL | 37 | 65/100 |
| Elgin, IL | IL | 26 | 55/100 |
| Decatur, IL | IL | 19 | 55/100 |
| Lake County, IL | IL | 10 | 41/100 |

## Where This Lender Ranks

FIRST STATE MORTGAGE SERVICES, LLC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Bloomington, IL Mortgage Companies
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Bloomington, IL for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥇 **#1** in Bloomington, IL for FHA Loans
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Bloomington, IL for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥇 **#1** in Bloomington, IL for VA Loans
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Bloomington, IL for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥇 **#1** in Bloomington, IL for USDA Loans
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Bloomington, IL for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥇 **#1** in Champaign for USDA Loans
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Champaign for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥈 **#2** in Illinois for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥈 **#2** in Bloomington, IL for Conventional Loans
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Peoria, IL for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/peoria-il/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥈 **#2** in Milwaukee for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/milwaukee/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥈 **#2** in Champaign Mortgage Companies
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/mortgage-companies)
- 🥈 **#2** in Champaign for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥈 **#2** in Champaign for FHA Loans
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Champaign for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥉 **#3** in Illinois Mortgage Companies
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/mortgage-companies)
- 🥉 **#3** in Bloomington, IL
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does FIRST STATE MORTGAGE SERVICES, LLC offer?

FIRST STATE MORTGAGE SERVICES, LLC offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does FIRST STATE MORTGAGE SERVICES, LLC offer mortgages?

FIRST STATE MORTGAGE SERVICES, LLC offers mortgages in 23 states: AL, AR, AZ, CO, FL, GA, IA, IL, IN, KS, KY, LA, MI, MN, MO, NC, NE, OH, SC, TN, TX, UT, WI.

### How competitive are FIRST STATE MORTGAGE SERVICES, LLC's mortgage rates?

FIRST STATE MORTGAGE SERVICES, LLC has a pricing score of 52/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.359% above market average.

### What type of lender is FIRST STATE MORTGAGE SERVICES, LLC?

FIRST STATE MORTGAGE SERVICES, LLC is a non-depository lender that specializes in mortgage origination, headquartered in MENDOTA, IL.

### What is FIRST STATE MORTGAGE SERVICES, LLC's loan approval success rate?

FIRST STATE MORTGAGE SERVICES, LLC has a pull-through score of 84/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-state-mortgage-services

### How to Cite

> "FIRST STATE MORTGAGE SERVICES, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-state-mortgage-services

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