Safe Rate Rankings

Best Conventional Mortgage Lenders in Toledo

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.

Market

Total Lenders72

Total Loans5,806

Median Rate Spread0.50%

Toledo Market Insights

The Huntington National Bank is Safe Rate's top-ranked Conventional lender in Toledo, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Toledo, Directions Credit Union and Navy Federal Credit Union scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #4 in Toledo, 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 Toledo: Rocket Mortgage (#3) and The Huntington National Bank (#1).

Explore Rankings by Type

Overall Rankings

All lenders in Toledo

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By Institution Type

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	The Huntington National Bank BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$316Fees	0.488%Above	607
2	Directions Credit Union, Inc. Credit UnionDirect	Exceptional	Exceptional	Strong	Strong	Exceptional	$410Fees	0.012%Below	172
3	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,104Fees	0.586%Above	535
4	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$2,078Fees	0.395%Above	267
5	Civista Bank BankDirect	Strong	Strong	Strong	Strong	Strong	$848Fees	0.138%Above	104
6	KeyBank National Association BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$976Fees	0.227%Above	223
7	The Genoa Banking Company BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,409Fees	0.088%Above	150
8	Fifth Third Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$717Fees	0.478%Above	312
9	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Sound	$179Fees	0.207%Below	35
10	The State Bank and Trust Company BankDirect	Strong	Strong	Strong	Strong	Strong	$1,180Fees	0.119%Above	71
11	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Sound	$713Fees	0.102%Above	24
12	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$3,099Fees	0.798%Above	454
13	EQUITY RESOURCES, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$1,892Fees	0.494%Above	202
14	Premier Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$1,126Fees	0.393%Above	161
15	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,091Fees	0.616%Above	145
16	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,074Fees	0.278%Above	70
17	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,416Fees	0.519%Above	159
18	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$812Fees	0.216%Above	68
19	PNC Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Sound	$198Fees	0.318%Above	29
20	ARK-LA-TEX FINANCIAL SERVICES, LLC. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,096Fees	0.379%Above	93
21	RUOFF MORTGAGE COMPANY, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$2,072Fees	0.435%Above	65
22	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,917Fees	0.803%Above	140
23	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Strong	$1,361Fees	0.629%Above	179
24	NFM, INC. Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Strong	$2,762Fees	0.907%Above	120
25	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,541Fees	0.496%Above	57
26	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Sound	$1,713Fees	0.081%Below	23
27	FREMONT Federal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Strong	Sound	$466Fees	0.367%Above	13
28	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Sound	$2,452Fees	0.848%Above	34
29	First Federal Savings and Loan Association of Lakewood BankDirect	Strong	Strong	Strong	Strong	Sound	$1,371Fees	0.264%Above	27
30	THE LOAN STORE, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Sound	$2,066Fees	0.384%Above	28
31	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$1,955Fees	0.825%Above	19
32	GVC MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,057Fees	0.990%Above	55
33	HOWARD HANNA FINANCIAL SERVICES, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$2,332Fees	0.585%Above	34
34	Filo Mortgage, L.L.C. Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Strong	Sound	Sound	$1,038Fees	0.753%Above	28
35	LOWER, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Sound	$1,097Fees	0.382%Above	35
36	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Sound	$837Fees	0.091%Above	24
37	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Sound	Sound	$1,878Fees	0.765%Above	16
38	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$2,267Fees	0.988%Above	16
39	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Sound	Sound	$2,668Fees	0.852%Above	35
40	MORTGAGE 1 INCORPORATED Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Sound	$2,292Fees	0.483%Above	15
41	First Federal Savings and Loan Association of Delta BankDirect	Sound	Exceptional	Acceptable	Sound	Strong	$547Fees	0.242%Above	27
42	SUPERIOR CREDIT UNION, INC. Credit UnionDirect	Sound	Sound	Strong	Sound	Sound	$1,478Fees	0.473%Above	18
43	Mortgage Research Center, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Strong	$1,935Fees	0.803%Above	113
44	VAN DYK MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Strong	$2,540Fees	0.760%Above	50
45	NATIONSTAR MORTGAGE LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Sound	$3,712Fees	0.728%Above	37
46	AMERICAN FINANCIAL NETWORK, INC. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Strong	Sound	$3,069Fees	0.636%Above	21
47	The Farmers & Merchants State Bank BankDirect	Sound	Sound	Sound	Sound	Strong	$1,146Fees	0.221%Above	58
48	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Strong	Sound	Sound	$1,896Fees	0.068%Above	41
49	Click n' Close, Inc. Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	Exceptional	—	—	223
50	SUN Federal Credit Union Credit UnionDirect	Sound	—	Sound	Sound	Strong	$0Fees	0.960%Above	65

❓ Frequently Asked Questions

How are mortgage lenders ranked in Toledo, OH?+

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 Toledo, OH), 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 Toledo, OH?+

Based on 2024 HMDA data, 72 lenders originated a combined 5,806 loans in Toledo, OH. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Toledo, OH?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Toledo, OH is 0.50%. 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 Toledo, OH'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)

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.

⚖️ 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.