7 Best Chicago Mortgage Lenders of 2022
If you’re looking for a mortgage lender in Chicago, we’ve done the legwork. Here are some of the best in five categories, including first-time home buyers and jumbo mortgages.


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Mortgage shopping means making head-spinning choices, which is why NerdWallet reviews, rates and compares lenders to help with your decisions. Whether you’ve got your eye on a frame two-flat in Lincoln Square, a Bridgeport brick condo or a Hyde Park bungalow, these lenders are a solid place to start your search.
Here, we’ve included national and local lenders that lead the pack in Chicago, including some of the best for traditional lending, government loans, home equity borrowing, jumbo mortgages and first-time home buyers.
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
7 Best Chicago Mortgage Lenders of 2022
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | Min. down payment ▾ ▾ | Learn more |
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620 | 3% | Learn more at Rate | ||
Fairway Independent Mortgage: NMLS#2289 Learn more at Fairway Independent Mortgage | N/A | N/A | Learn more at Fairway Independent Mortgage | |
620 | 3% | Compare More Lenders on NerdWallet | ||
N/A | 3% | Compare More Lenders on NerdWallet | ||
N/A | N/A | Compare More Lenders on NerdWallet | ||
660 | 5% | Compare More Lenders on NerdWallet | ||
680 | 3% | Compare More Lenders on NerdWallet |
» MORE: Compare Chicago mortgage rates
Local mortgage lenders in Chicago
These local and regional lenders offer a widely varied selection of products and familiarity with the Chi-Town market. These lenders have not been reviewed by NerdWallet.
Offers jumbo loans for primary homes and financing for investment properties and second homes.
Offers FHA, VA, USDA, conventional and jumbo purchase and refinance loans.
Funds reverse mortgages, renovation loans, second homes and investment properties.
Headquartered in Chicago with branches in Chicago and surrounding communities, and licensed in 33 states.
Works with non-U.S. citizens and borrowers needing flexibility to qualify.
Your stocks, bonds and retirement accounts may help you qualify for a mortgage.
Full menu of USDA, VA, FHA, conventional and jumbo purchase, refinance and renovation loans.
Lender-paid mortgage insurance programs with no upfront fee.
Lends on hard-to-finance non-warrantable condominiums and helps condo developments meet FHA and conventional guidelines.
Corporate offices in Downers Grove, Illinois, and licensed to sell mortgages in 46 states.
Option for first-time home buyers and buyers interested in mortgages for high-value properties, second homes and real-estate investments.
Jumbo loans up to $6 million.
Offers FHA, VA, USDA, conventional, HELOCs and reverse mortgages.
Down payment assistance of up to $2,000 for qualified first-time home buyers.
Offers fixed and ARM FHA, VA and conventional purchase and refinance loans.
Construction loans and bridge loans available.
Other products include home equity lines of credit.
Over 270 locations in Illinois, Wisconsin and Minnesota.
Offers quick turnaround on loans and touts a personalized approach.
Loan options include FHA, VA, conventional, USDA and reverse purchase and refinance loans.
Fixed-rate term options of 10, 15, 20 and 30 years.
Jumbos up to $1.5 million with 15-, 20- and 30-year fixed-rate terms; jumbo ARMs fixed for 5, 7 or 10 years.
Online videos educate borrowers about the home loan process.
Has 10 branches in the Chicago area and offers mortgages in 34 states.
More from NerdWallet
Last updated on January 6, 2022
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
NerdWallet's Best Chicago Mortgage Lenders of 2022
- Rate: Best for government loans
- Fairway Independent Mortgage: Best for jumbo loans
- loanDepot: Best for government loans
- Citibank: Best for traditional lenders & first-time home buyers
- U.S. Bank: Best for traditional lenders
- Bank of America: Best for first-time home buyers
- Flagstar: Best for home equity