Safe Rate Rankings

Best FHA Mortgage Bank Lenders in Milwaukee

Updated February 5, 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.

Market

Total Lenders14

Total Loans16,440

Median Rate Spread0.31%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Associated Bank, National AssociationBank	Exceptional	Exceptional	Strong	Strong	Exceptional	$425Fees	0.055%Below	569
2	Bank Five NineBank	Exceptional	Strong	Strong	Exceptional	Exceptional	$919Fees	0.210%Above	567
3	The Equitable Bank, S.S.B.Bank	Exceptional	Exceptional	—	Strong	Exceptional	$656Fees	0.023%Above	197
4	The Huntington National BankBank	Exceptional	Strong	Exceptional	Strong	Strong	$1,105Fees	0.335%Above	197
5	Waukesha State BankBank	Exceptional	Strong	—	Strong	Exceptional	$337Fees	0.149%Above	313
6	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$264Fees	0.144%Above	230
7	Bank of EnglandBank	Strong	Sound	Exceptional	Strong	Strong	$2,103Fees	0.466%Above	279
8	Flagstar Bank, N.A.Bank	Strong	Sound	Exceptional	Strong	Strong	$1,585Fees	0.469%Above	96
9	CIBM BankBank	Strong	Sound	Strong	Strong	Strong	$432Fees	0.367%Above	65
10	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Strong	Sound	Strong	$1,927Fees	0.133%Above	357
11	Barrington Bank & Trust Company, National AssociationBank	Strong	Acceptable	Exceptional	Strong	Strong	$1,716Fees	0.241%Above	220
12	BMO Bank National AssociationBank	Strong	Sound	Strong	Sound	Strong	$39Credit	0.300%Above	160
13	Bell BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$1,949Fees	0.452%Above	153
14	Ixonia BankBank	Strong	Mediocre	Exceptional	Strong	Strong	$1,960Fees	0.479%Above	215

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.