Mortgage Lenders and Brokers in Melrose Park, Illinois
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Melrose Park, Illinois mortgage lenders include JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA1836 Broadway St, Melrose Park, IL 60160A+5.0 ★Texas Ratio: 3.68%, Huntington National BankHuntington National Bank800 W North Ave, Melrose Park, IL 60160A+5.0 ★Texas Ratio: 3.66%, Old National BankOld National Bank1600 W Lake St, Melrose Park, IL 60160A+5.0 ★Texas Ratio: 4.98%, PNC Bank N.A.PNC Bank N.A.1 Winston Plz, Melrose Park, IL 60160A+5.0 ★Texas Ratio: 4.24%, Fifth Third Bank, National AssociationFifth Third Bank, National Association2501 W North Ave, Melrose Park, IL 60160A+5.0 ★Texas Ratio: 3.22%, First American BankFirst American Bank2001 N Mannheim Rd, Melrose Park, IL 60160A+5.0 ★Texas Ratio: 2.93%, Barrington Bank & Trust Company, N.A.Barrington Bank & Trust Company, N.A.233 W Northwest Hwy, Barrington, IL 60010A+5.0 ★Texas Ratio: 2.20%, Bank of America NABank of America NA850 W Algonquin Rd, Arlington Heights, IL 60005A+5.0 ★Texas Ratio: 4.14%, Devon BankDevon Bank6445 N Western Ave, Chicago, IL 60645B+4.0 ★Texas Ratio: 2.09%, and Associated Bank NAAssociated Bank NA104 Homer M Adams Pkwy, Alton, IL 62002A+5.0 ★Texas Ratio: 3.45%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Melrose Park, Illinois in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Melrose Park are listed first, then lenders elsewhere in Illinois, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Melrose Park, Illinois
Market share is the lender's share of all home loans closed in Melrose Park, Illinois. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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1 office in Melrose Park 1836 Broadway St, Melrose Park, IL 60160 A+5.0 ★Texas Ratio: 3.68% |
Conventional, FHA | 13 | 7.5% | 92.9% | $209,615 | View |
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1 office in Melrose Park 800 W North Ave, Melrose Park, IL 60160 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 4 +19 HELOCs |
2.3% | 80% | $202,500 | View |
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1 office in Melrose Park 1600 W Lake St, Melrose Park, IL 60160 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 1 +4 HELOCs |
0.6% | 33.3% | $255,000 | View |
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★ 1.7 stars, 3 reviews 1 office in Melrose Park 1 Winston Plz, Melrose Park, IL 60160 A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +5 HELOCs |
0% | n/a | View | |
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1 office in Melrose Park 2501 W North Ave, Melrose Park, IL 60160 A+5.0 ★Texas Ratio: 3.22% |
HELOC | 0 +2 HELOCs |
0% | 0% | View | |
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1 office in Melrose Park 2001 N Mannheim Rd, Melrose Park, IL 60160 A+5.0 ★Texas Ratio: 2.93% |
HELOC | 0 +1 HELOCs |
0% | 0% | View | |
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233 W Northwest Hwy, Barrington, IL 60010 A+5.0 ★Texas Ratio: 2.20% |
Conventional | 3 | 1.7% | 100% | $225,000 | View |
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850 W Algonquin Rd, Arlington Heights, IL 60005 A+5.0 ★Texas Ratio: 4.14% |
Conventional, HELOC | 2 +1 HELOCs |
1.2% | 100% | $350,000 | View |
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6445 N Western Ave, Chicago, IL 60645 B+4.0 ★Texas Ratio: 2.09% |
Conventional | 2 | 1.2% | 100% | $150,000 | View |
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104 Homer M Adams Pkwy, Alton, IL 62002 A+5.0 ★Texas Ratio: 3.45% |
Conventional | 2 | 1.2% | 100% | $345,000 | View |
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540 W Lake St, Addison, IL 60101 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 1 | 0.6% | 25% | $255,000 | View |
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23840 W Eames St, Channahon, IL 60410 A+5.0 ★Texas Ratio: 5.05% |
Conventional | 1 | 0.6% | 100% | $435,000 | View |
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3060 W Sand Lake Rd, Lindenhurst, IL 60046 A+5.0 ★Texas Ratio: 3.87% |
Conventional | 1 | 0.6% | 100% | $125,000 | View |
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245 N Main St, Canton, IL 61520 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.6% | 100% | $125,000 | View |
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1801 E Empire St, Bloomington, IL 61704 A5.0 ★Texas Ratio: 8.91% |
Conventional | 1 | 0.6% | 100% | $155,000 | View |
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950 E Rand Rd, Arlington Heights, IL 60004 A5.0 ★Texas Ratio: 6.15% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Credit Union 1
750 S Halsted St Rm 220C, Chicago, IL 60607 7008 |
HELOC | 0 +1 HELOCs |
0% | 0% | ||
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1828 N Arlington Heights Rd, Arlington Heights, IL 60004 A+5.0 ★Texas Ratio: 2.82% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Guaranteed Rate, Inc.
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Conventional, FHA | 9 | 5.2% | 100% | $321,666 | |
Neighborhood Loans, Inc
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Conventional | 5 | 2.9% | 35.7% | $15,000 | |
Originpoint, LLC
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Conventional | 2 | 1.2% | 100% | $265,000 | |
Mutual of Omaha Mortgage
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Conventional | 2 | 1.2% | 100% | $280,000 | |
Compass Mortgage, Inc.
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FHA | 1 | 0.6% | 100% | $295,000 | |
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A+5.0 ★Texas Ratio: 4.81% |
Conventional | 1 | 0.6% | 100% | $225,000 | View |
Cmg Mortgage Inc
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
United Wholesale Mortgage
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Conventional, FHA, VA, HELOC | 22 +1 HELOCs |
12.7% | 78.6% | $318,181 | |
Fairway Independent Mort Corp
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Conventional, FHA | 14 | 8.1% | 87.5% | $230,000 | |
Rocket Mortgage
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Conventional, FHA | 10 | 5.8% | 76.9% | $166,000 | |
Greenstate Credit Union
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Conventional | 7 | 4% | 100% | $182,142 | |
loanDepot.com LLC
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Conventional | 5 | 2.9% | 83.3% | $245,000 | |
Towne Mortgage Company
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Conventional, FHA | 5 | 2.9% | 100% | $293,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, HELOC | 3 +1 HELOCs |
1.7% | 100% | $291,666 | |
The Loan Store, Inc
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Conventional, FHA, HELOC | 3 +1 HELOCs |
1.7% | 100% | $308,333 | |
Guild Mortgage Company
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Conventional | 3 | 1.7% | 100% | $311,666 | |
Union Home Mortgage Corp.
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Conventional, FHA | 3 | 1.7% | 100% | $345,000 | |
American Pacific Mortgage Corporation
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FHA | 3 | 1.7% | 100% | $315,000 | |
Nationstar Mortgage
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Conventional, FHA | 3 | 1.7% | 100% | $121,666 | |
Plaza Home Mortgage, Inc
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Conventional, FHA | 3 | 1.7% | 100% | $161,666 | |
Village Capital & Investment
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FHA | 3 | 1.7% | 100% | $358,333 | |
Freedom Mortgage Corporation
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FHA | 2 | 1.2% | 100% | $300,000 | |
Newrez LLC
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Conventional, FHA | 2 | 1.2% | 33.3% | $240,000 | |
Resicentral LLC
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Conventional | 2 | 1.2% | 100% | $185,000 | |
New American Funding, LLC.
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Conventional, FHA | 2 | 1.2% | 66.7% | $265,000 | |
Lower, LLC
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Conventional | 2 | 1.2% | 66.7% | $315,000 | |
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A5.0 ★Texas Ratio: 8.14% |
Conventional | 2 | 1.2% | 66.7% | $75,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
FHA | 1 | 0.6% | 100% | $325,000 | View |
Panorama Mortgage Group, LLC
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FHA | 1 | 0.6% | 100% | $405,000 | |
Consumer Real Estate Finance Co DBA Society Mortgage
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Conventional | 1 | 0.6% | 100% | $255,000 | |
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A5.0 ★Texas Ratio: 11.06% |
Conventional | 1 | 0.6% | 100% | $405,000 | View |
Equity Prime Mortgage LLC
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FHA | 1 | 0.6% | 100% | $385,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.6% | 100% | $465,000 | |
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A+5.0 ★Texas Ratio: 1.51% |
Conventional | 1 | 0.6% | 50% | $75,000 | View |
Movement Mortgage, LLC
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Conventional | 1 | 0.6% | 100% | $295,000 | |
Pennymac Loan Services LLC
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VA | 1 | 0.6% | 100% | $435,000 | |
Amerisave Mortgage Company
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FHA | 1 | 0.6% | 66.7% | $205,000 | |
American Financial Network, Inc.
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Conventional | 1 | 0.6% | 100% | $185,000 | |
AmWest Funding Corp
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Conventional | 1 | 0.6% | 100% | $365,000 | |
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A+5.0 ★Texas Ratio: 5.05% |
FHA | 1 | 0.6% | 50% | $375,000 | View |
Success Mortgage Partners, Inc
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FHA | 1 | 0.6% | 100% | $305,000 | |
Sun West Mortgage Company, Inc
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FHA | 1 | 0.6% | 100% | $255,000 | |
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A+5.0 ★Texas Ratio: 0.41% |
FHA | 1 | 0.6% | 50% | $375,000 | View |
Nations Lending Corporation
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FHA | 1 | 0.6% | 100% | $345,000 | |
Mortgage Research Center
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VA | 1 | 0.6% | 100% | $295,000 | |
Veritas Funding, LLC
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FHA | 1 | 0.6% | 100% | $355,000 | |
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B-4.3 ★Texas Ratio: 23.12% |
Conventional | 1 | 0.6% | 100% | $375,000 | View |
21St Mortgage
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Conventional | 1 | 0.6% | 100% | $95,000 | |
Spring Eq, LLC
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Conventional | 1 | 0.6% | 66.7% | $85,000 | |
Uw Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Melrose Park Mortgage Rate Trends
Daily average mortgage rates for Illinois compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Melrose Park, Illinois
Looking for mortgage lenders near me or mortgage brokers near me in Melrose Park? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Melrose Park in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Melrose Park, IL
Use these to narrow the list above. Each category shows how many Melrose Park, IL lenders fit and what that kind of lender is usually best for.
Who Lends in Melrose Park, IL
Independent mortgage companies closed 75.1 percent of home loans in Melrose Park, Illinois in 2025, banks 19.7 percent and credit unions 5.2 percent. Guaranteed Rate, Inc. was the largest mortgage company, JPMorgan Chase Bank, NA the largest bank and Consumers Credit Union the largest credit union. Among lenders headquartered in Illinois, First American Bank led with 0 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in Illinois. State transfer tax of $0.50 per $500 plus a county tax of $0.25 per $500, usually paid by the seller; Chicago adds $3.75 per $500 paid by the buyer and $1.50 per $500 paid by the seller, and many suburbs levy their own stamps. No mortgage recording tax.
More Illinois Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Melrose Park, IL
By home loans closed in 2025, JPMorgan Chase Bank, NA was the largest mortgage lender in Melrose Park, Illinois with 13 loans, about 7.5 percent of the market. The largest lender headquartered in Illinois was First American Bank with 0 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
28 lenders closed FHA loans in Melrose Park, Illinois in 2025, led by United Wholesale Mortgage with 12. 3 lenders closed VA loans, led by United Wholesale Mortgage. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 18 banks and 5 credit unions closed home loans in Melrose Park, Illinois in 2025, alongside 45 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Melrose Park, Illinois during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Melrose Park, Illinois for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Melrose Park. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
