Safe Rate Rankings

Best Conventional Mortgage Lenders in Illinois

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ 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%
Illinois Market Insights
  • Greenstate Credit Union is Safe Rate's top-ranked Conventional lender in Illinois, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
  • There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Illinois, Citizens Equity First and Associated Bank National Association scores highest on Conventional pricing while United Wholesale Mortgage and Flat Branch Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
  • United Wholesale Mortgage (UWM) ranks #9 in Illinois, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
  • Popular names in Illinois: Rocket Mortgage (#14) and Guaranteed Rate (#22), both outside Safe Rate's top 10. Independent lenders and specialists tend to score higher on our composite scorecard.

Explore Rankings by Type

Overall Rankings

All lenders in Illinois

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Illinois Exclusive Offer

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
GREENSTATE Credit Union
Credit UnionDirect
Exceptional
Exceptional
Exceptional
Exceptional
Exceptional
$833Fees
0.048%Above
2,002
2
CITIZENS EQUITY FIRST
Credit UnionDirect
Exceptional
Exceptional
Exceptional
Exceptional
Exceptional
$25Credit
0.070%Above
1,186
3
U.S. Bank National Association
BankDirect
Exceptional
Strong
Exceptional
Strong
Exceptional
$460Fees
0.254%Above
2,055
4
Associated Bank, National Association
BankDirect
Exceptional
Exceptional
Exceptional
Strong
Strong
$533Fees
0.096%Above
484
5
I. H. MISSISSIPPI VALLEY CREDIT UNION
Credit UnionDirect
Exceptional
Exceptional
Strong
Exceptional
Strong
$985Fees
0.303%Below
356
6
The Huntington National Bank
BankDirect
Exceptional
Strong
Exceptional
Strong
Exceptional
$745Credit
0.195%Above
2,085
7
FLAT BRANCH MORTGAGE, INC.
Independent Mortgage CompanyDirect
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$1,201Fees
0.447%Above
1,599
8
United Community Bank
BankDirect
Exceptional
Exceptional
Strong
Strong
Exceptional
$121Fees
0.128%Above
649
9
UNITED WHOLESALE MORTGAGE, LLC
Independent Mortgage CompanyWholesale
Strong
Acceptable*
Exceptional
Exceptional
Exceptional
$1,855Fees
0.413%Above
7,352
10
JPMorgan Chase Bank, National Association
BankDirect & Wholesale
Strong
Sound*
Exceptional
Strong
Exceptional
$1,688Fees
0.163%Above
6,487
11
First Mid Bank & Trust, National Association
BankDirect
Strong
Strong
Strong
Strong
Exceptional
$872Fees
0.176%Above
741
12
INB, National Association
BankDirect
Strong
Strong
Strong
Exceptional
Exceptional
$640Fees
0.308%Above
653
13
Old National Bank
BankDirect
Strong
Exceptional
Exceptional
Strong
Strong
$861Fees
0.034%Above
626
14
ROCKET MORTGAGE, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Exceptional
Exceptional
$3,394Fees
0.490%Above
7,176
15
NAVY FEDERAL CREDIT UNION
Credit UnionDirect
Strong
Exceptional
Exceptional
Sound
Strong
$456Fees
0.440%Below
707
16
Bank of Springfield
BankDirect
Strong
Strong
Strong
Strong
Strong
$461Fees
0.093%Above
373
17
FIRST STATE MORTGAGE SERVICES, LLC
Independent Mortgage CompanyDirect
Strong
Sound
Exceptional
Exceptional
Exceptional
$1,493Fees
0.362%Above
1,052
18
Bank of America, National Association
BankDirect
Strong
Strong
Exceptional
Strong
Exceptional
$1,634Fees
0.082%Below
1,025
19
Citibank, National Association
BankDirect
Strong
Exceptional
Exceptional
Sound
Strong
$1,743Credit
0.101%Below
811
20
PNC Bank, National Association
BankDirect
Strong
Strong
Exceptional
Strong
Strong
$188Credit
0.254%Above
784
21
Busey Bank
BankDirect
Strong
Strong
Strong
Exceptional
Exceptional
$911Fees
0.312%Above
669
22
GUARANTEED RATE, INC.
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,009Fees
0.369%Above
7,686
23
FCB Banks
BankDirect
Strong
Exceptional
Strong
Sound
Exceptional
$715Fees
0.092%Below
566
24
LOANDEPOT.COM, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Exceptional
Strong
Exceptional
$2,865Fees
0.657%Above
2,802
25
Morgan Stanley Private Bank, National Association
BankDirect
Strong
Exceptional
Strong
Sound
Strong
$252Fees
0.414%Below
295
26
Barrington Bank & Trust Company, National Association
BankDirect
Strong
Sound
Exceptional
Strong
Exceptional
$1,856Fees
0.455%Above
2,395
27
Fifth Third Bank, National Association
BankDirect
Strong
Strong
Exceptional
Sound
Exceptional
$339Credit
0.266%Above
1,233
28
PROVIDENT FUNDING ASSOCIATES, L.P.
Independent Mortgage CompanyWholesale
Strong
Exceptional*
Exceptional
Sound
Strong
$762Fees
0.019%Above
338
29
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,737Fees
0.680%Above
3,156
30
GMFS LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Exceptional
Exceptional
Strong
$1,888Fees
0.500%Above
266
31
CROSSCOUNTRY MORTGAGE, LLC
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,820Fees
0.594%Above
4,482
32
GUILD MORTGAGE COMPANY LLC
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,378Fees
0.587%Above
2,081
33
Wells Fargo Bank, National Association
BankDirect
Strong
Strong
Exceptional
Sound
Strong
$1,823Fees
0.033%Above
781
34
A & N MORTGAGE SERVICES, INC.
Independent Mortgage CompanyDirect
Strong
Sound
Strong
Strong
Exceptional
$1,570Fees
0.336%Above
1,149
35
TOWNE MORTGAGE COMPANY
Independent Mortgage CompanyWholesale
Strong
Acceptable*
Exceptional
Strong
Exceptional
$1,510Fees
0.539%Above
977
36
MLD MORTGAGE INC.
Independent Mortgage CompanyDirect
Strong
Sound
Strong
Strong
Strong
$1,971Fees
0.443%Above
526
37
Heartland Bank and Trust Company
BankDirect
Strong
Strong
Strong
Strong
Exceptional
$573Fees
0.471%Above
371
38
Carrollton Bank
BankDirect
Strong
Strong
Strong
Strong
Strong
$776Fees
0.080%Above
365
39
THE LOAN STORE, INC.
Independent Mortgage CompanyWholesale
Strong
Acceptable*
Exceptional
Strong
Exceptional
$336Fees
0.307%Above
963
40
BAY EQUITY LLC
Independent Mortgage CompanyDirect
Strong
Sound
Exceptional
Strong
Exceptional
$2,346Fees
0.295%Above
896
41
MUTUAL OF OMAHA MORTGAGE, INC.
Independent Mortgage CompanyDirect
Strong
Strong
Strong
Sound
Strong
$1,661Fees
0.439%Above
810
42
Flagstar Bank, N.A.
BankDirect & Wholesale
Strong
Acceptable*
Exceptional
Strong
Strong
$2,249Fees
0.530%Above
704
43
SCOTT CREDIT UNION
Credit UnionDirect
Strong
Strong
Strong
Strong
Strong
$664Fees
0.068%Above
378
44
ARK-LA-TEX FINANCIAL SERVICES, LLC.
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Exceptional
Strong
Strong
$937Fees
0.633%Above
354
45
MOVEMENT MORTGAGE, LLC
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Strong
$2,088Fees
0.479%Above
321
46
NEW AMERICAN FUNDING, LLC
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Sound
Exceptional
$1,989Fees
0.723%Above
2,381
47
AMERICAN PACIFIC MORTGAGE CORPORATION
Independent Mortgage CompanyDirect
Strong
Mediocre
Exceptional
Strong
Exceptional
$3,206Fees
0.684%Above
2,009
48
UNION HOME MORTGAGE CORP.
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Strong
Strong
$1,835Fees
0.590%Above
980
49
Morton Community Bank
BankDirect
Strong
Sound
Strong
Strong
Exceptional
$683Fees
0.460%Above
455
50
CMG MORTGAGE, INC.
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Strong
$1,532Fees
0.398%Above
315

Frequently Asked Questions

How are mortgage lenders ranked in Illinois?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Illinois), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Illinois?+

Based on 2024 HMDA data, 360 lenders originated a combined 123,748 loans in Illinois. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Illinois?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Illinois is 0.41%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Illinois's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

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.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.