Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in Duluth

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.
Total Lenders10
Total Loans2,667
Median Rate Spread0.39%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Strong
Strong
$1,143Fees
0.215%Above
113
2
Wells Fargo Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Strong
$2,152Fees
0.452%Above
50
3
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Sound
$1,481Fees
0.340%Above
15
4
North Shore Bank of CommerceBank
Strong
Acceptable
Strong
Exceptional
Exceptional
$3,459Fees
0.182%Above
443
5
Frandsen Bank & TrustBank
Strong
Sound
Strong
Strong
Strong
$2,508Fees
0.149%Above
115
6
Bell BankBank
Strong
Acceptable
Exceptional
Strong
Strong
$1,961Fees
0.367%Above
137
7
National Bank of CommerceBank
Strong
Acceptable
Sound
Strong
Exceptional
$2,558Fees
0.195%Above
99
8
Park State BankBank
Strong
Sound
Sound
Sound
Strong
$2,278Fees
0.017%Above
63
9
GRANITE BANKBank
Strong
Acceptable
Strong
Strong
Sound
$1,966Fees
0.289%Above
17
10
USAA Federal Savings BankBank
Strong
Sound
Strong
Acceptable
Sound
$2,005Fees
0.045%Below
14

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)

10
Pricing
Rate and fee competitiveness (25%)
10
Pull Through
Reliability in closing loans (25%)
10
Product
Specialization in the loan type (25%)
10
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.