What loan types does First State Mortgage Services offer?

First State Mortgage Services offers the following mortgage loan types: FHA, Conventional, VA, usda. Each product has its own pricing score and performance metrics.

Where does First State Mortgage Services offer mortgages?

First State Mortgage Services offers mortgages in 23 states: AL, AR, AZ, CO, FL, GA, IA, IL, IN, KS, KY, LA, MI, MN, MO, NC, NE, OH, SC, TN, TX, UT, WI.

How competitive are First State Mortgage Services's mortgage rates?

First State Mortgage Services has an overall pricing score of 51.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First State Mortgage Services?

First State Mortgage Services is a Independent Mortgage Company headquartered in MENDOTA, IL.

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First State Mortgage Services

Independent Mortgage Company•Mendota, ILHQ•Direct•Reviews near you on Google

We analyzed every closed loan from First State Mortgage Services — 1.2k loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Sound

3/5

vs. all lenders

Pull-through

Exceptional

5/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · USDA

Place

Strong

4/5

Multi-Region · 8 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Awards

Conventional

Superstar

FHA

Superstar

USDA

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and USDA loans

Explore another lender or local market

Report Card

First State Mortgage Services performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

+35.9 bps above market avg

3/5

Pull Through

Closing strength

Exceptional

Top 20% of lenders

5/5

By Loan Product· Specialization by type

Conventional

984 loans · 0.34% above market

Exceptional

Top 20% of lenders

5/5

FHA

132 loans · 0.71% above market

Strong

Top 40% of lenders

4/5

65 loans · 0.05% below market

Strong

Top 40% of lenders

4/5

USDA

65 loans · 0.52% above market

Exceptional

Top 20% of lenders

5/5

By Loan Purpose· Transaction purpose mix

Purchase

1,157 loans · 0.37% above market

Exceptional

Top 20% of lenders

5/5

Refinance

90 loans · 0.28% above market

Strong

Top 40% of lenders

4/5

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 9 markets

Strong

Top 40% of lenders

4/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Exceptional	Sound	Exceptional	984	78.9%	+0.339%Above	$1,483Fees
FHA Loans	Strong	Strong	Sound	Exceptional	132	10.6%	+0.714%Above	$1,186Fees
VA Loans	Strong	Strong	Sound	Exceptional	65	5.2%	-0.046%Below	$834Fees
USDA Loans	Strong	Exceptional	Strong	Strong	65	5.2%	+0.517%Above	$994Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Exceptional

Volume984

Mix78.9%

Spread

+0.339%Above

Fees

$1,483Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Exceptional

Volume132

Mix10.6%

Spread

+0.714%Above

Fees

$1,186Fees

VA Loans

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Exceptional

Volume65

Mix5.2%

Spread

-0.046%Below

Fees

$834Fees

USDA Loans

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Strong

Volume65

Mix5.2%

Spread

+0.517%Above

Fees

$994Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Sound	Exceptional	1,157	92.8%	+0.366%Above	$1,474Fees
Refinance	Strong	Strong	Sound	Strong	90	7.2%	+0.285%Above	$793Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Exceptional

Volume1,157

Mix92.8%

Spread

+0.366%Above

Fees

$1,474Fees

Refinance

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Strong

Volume90

Mix7.2%

Spread

+0.285%Above

Fees

$793Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,247

Applications

1,463

Volume

$296 million

Pricing & Closing

Avg Rate Spread

+0.359%

vs. market APOR

Avg Net Fees

$1,418

Origination − Credits

Pullthrough Rate

85.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$237,991

Avg Borrower Income

$116,569

Avg Property Value

$295,978

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

23Full-year 2024 · HMDA

Loans originated

< 1010–100100+None

Midwest10

IAILINKSMIMNMONEOHWI

South10

ALARFLGAKYLANCSCTNTX

West3

AZCOUT

Top Metro Areas by Place Specialization Score

Bloomington, ILMetro

Volume 580Mix 46.51% of portfolio

100/100

Exceptional

Peoria, ILMetro

Volume 108Mix 8.66% of portfolio

73/100

Strong

Milwaukee, WIMetro

Volume 92Mix 7.38% of portfolio

68/100

Strong

Champaign, ILMetro

Volume 37Mix 2.97% of portfolio

65/100

Strong

Chicago, ILMetro

Volume 86Mix 6.90% of portfolio

62/100

Strong

Decatur, ILMetro

Volume 19Mix 1.52% of portfolio

55/100

Sound

Elgin, ILMetro

Volume 26Mix 2.09% of portfolio

55/100

Sound

Lake County, ILMetro

Volume 10Mix 0.80% of portfolio

41/100

Sound

Top States by Place Specialization Score

IllinoisState

Volume 1,052Mix 84.36% of portfolio

89/100

Exceptional

WisconsinState

Volume 116Mix 9.30% of portfolio

65/100

Strong

NebraskaState

Volume 10Mix 0.80% of portfolio

40/100

Acceptable

TennesseeState

Volume 11Mix 0.88% of portfolio

37/100

Acceptable

IndianaState

Volume 10Mix 0.80% of portfolio

37/100

Acceptable

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

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.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

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.