Safe Rate Rankings

Best Conventional Mortgage Lenders in Mankato

Updated February 6, 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 Lenders17

Total Loans616

Median Rate Spread0.23%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	IOWA BANKERS MORTGAGE CORPORATIONIndependent Mortgage Company	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$2,052Fees	0.145%Below	19
2	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Sound	$1,141Fees	0.116%Above	28
3	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,500Fees	0.407%Above	227
4	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Strong	Strong	$3,836Fees	0.385%Above	32
5	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,162Fees	0.209%Above	26
6	Citizens Community Federal National AssociationBank	Strong	Exceptional	Sound	Sound	Sound	$662Fees	0.127%Below	10
7	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$4,023Fees	0.221%Above	61
8	Bremer Bank, National AssociationBank	Strong	Sound	Strong	Strong	Strong	$3,831Fees	0.140%Above	31
9	PLAZA HOME MORTGAGE, INC.Independent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$1,945Fees	0.056%Above	18
10	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,625Fees	0.508%Above	69
11	Frandsen Bank & TrustBank	Strong	Sound	Strong	Strong	Sound	$2,547Fees	0.184%Below	11
12	Plains Commerce BankBank	Strong	Acceptable	Exceptional	Strong	Sound	$2,113Fees	0.265%Above	21
13	Prosperity Home Mortgage, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,058Fees	0.389%Above	11
14	Bell BankBank	Strong	Acceptable	Exceptional	Strong	Sound	$3,132Fees	0.258%Above	10
15	Cambria Financial Group, LLCIndependent Mortgage Company	Sound	Acceptable	Sound	Strong	Sound	$2,751Fees	0.330%Above	12
16	COMPEER FINANCIAL, FLCAIndependent Mortgage Company	Sound	Mediocre	Strong	Sound	Sound	$2,200Fees	0.641%Above	15

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.