Safe Rate Rankings

Best Bank Mortgage Lenders in Minneapolis

Updated May 25, 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 Lenders202

Total Loans44,572

Median Rate Spread0.23%

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Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Old National BankBank	Exceptional	Exceptional	Strong	Strong	$954Fees	0.145%Below	298
2	Associated Bank, National AssociationBank	Exceptional	Exceptional	Strong	Strong	$723Fees	0.203%Below	273
3	U.S. Bank National AssociationBank	Exceptional	Strong	Strong	Exceptional	$677Fees	0.140%Above	972
4	Wells Fargo Bank, National AssociationBank	Strong	Strong	Sound	Exceptional	$1,830Fees	0.004%Below	880
5	The Huntington National BankBank	Strong	Strong	Strong	Strong	$1,501Fees	0.244%Above	601
6	Bank of America, National AssociationBank	Strong	Strong	Strong	Strong	$1,518Fees	0.079%Below	191
7	Merchants Bank, National AssociationBank	Strong	Strong	Strong	Strong	$1,923Fees	0.099%Below	94
8	Alerus Financial, National AssociationBank	Strong	Sound	Strong	Exceptional	$1,331Fees	0.322%Above	647
9	Bell BankBank	Strong	Acceptable	Exceptional	Exceptional	$2,964Fees	0.254%Above	3,624
10	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Strong	Strong	$2,172Fees	0.122%Above	328
11	Bremer Bank, National AssociationBank	Strong	Sound	Strong	Strong	$3,146Fees	0.216%Above	204
12	NexBankBank	Strong	Sound	Strong	Strong	$1,432Fees	0.192%Above	188
13	Frandsen Bank & TrustBank	Strong	Sound	Strong	Strong	$2,561Fees	0.013%Below	117
14	USAA Federal Savings BankBank	Strong	Sound	Sound	Strong	$2,153Fees	0.164%Below	126
15	Flagstar Bank, N.A.Bank	Strong	Acceptable	Strong	Strong	$2,303Fees	0.304%Above	325
16	GRANITE BANKBank	Strong	Acceptable	Strong	Strong	$3,212Fees	0.313%Above	318
17	Barrington Bank & Trust Company, National AssociationBank	Strong	Acceptable	Strong	Strong	$2,682Fees	0.362%Above	223
18	Plains Commerce BankBank	Strong	Acceptable	Strong	Strong	$2,553Fees	0.291%Above	221
19	Ixonia BankBank	Sound	Mediocre	Strong	Strong	$2,791Fees	0.712%Above	120

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 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Place

Local market expertise (33%)

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.