# Best Conventional Mortgage Bank Lenders in Minneapolis

**As of:** 2026-05-25

Compare the top banks for Conventional loans in Minneapolis.

> **Canonical URL:** https://saferate.com/minneapolis/best-mortgage-lenders/banks/conventional-loans


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


## Market Statistics

- **Total Lenders:** 202
- **Total Loans:** 44,572
- **Median Rate Spread:** 0.2291767676767677%

## Top Lenders

| Rank | Lender | SafeRate Score | Pricing | Pull-Through | Volume | Type |
|------|--------|----------------|---------|--------------|--------|------|
| 1 | U.S. Bank National Association | 89 | 75 | 69 | 972 | Bank |
| 2 | Old National Bank | 89 | 84 | 69 | 298 | Bank |
| 3 | Associated Bank, National Association | 89 | 93 | 70 | 273 | Bank |
| 4 | The Huntington National Bank | 85 | 63 | 75 | 601 | Bank |
| 5 | Bank of America, National Association | 85 | 71 | 67 | 191 | Bank |
| 6 | Wells Fargo Bank, National Association | 83 | 61 | 57 | 880 | Bank |
| 7 | Merchants Bank, National Association | 80 | 71 | 77 | 94 | Bank |
| 8 | Alerus Financial, National Association | 79 | 54 | 73 | 647 | Bank |
| 9 | JPMorgan Chase Bank, National Association | 79 | 52 | 71 | 328 | Bank |
| 10 | Barrington Bank & Trust Company, National Association | 79 | 46 | 68 | 223 | Bank |
| 11 | Bell Bank | 75 | 36 | 80 | 3,624 | Bank |
| 12 | Bremer Bank, National Association | 74 | 42 | 75 | 204 | Bank |
| 13 | NexBank | 74 | 43 | 66 | 188 | Bank |
| 14 | Frandsen Bank & Trust | 74 | 43 | 72 | 117 | Bank |
| 15 | Flagstar Bank, N.A. | 71 | 34 | 72 | 325 | Bank |
| 16 | Plains Commerce Bank | 71 | 35 | 64 | 221 | Bank |
| 17 | GRANITE BANK | 67 | 34 | 71 | 318 | Bank |
| 18 | USAA Federal Savings Bank | 63 | 53 | 27 | 126 | Bank |
| 19 | Ixonia Bank | 60 | 19 | 71 | 120 | Bank |

## Methodology

Safe Rate calculates these rankings using a risk-adjusted, data-driven scoring system based on Home Mortgage Disclosure Act (HMDA) filings. Rather than relying on simple averages, our statistical models control for loan-level risk factors (such as LTV, loan amount, and property value) to evaluate a lender's true competitiveness within Minneapolis.

Our composite SafeRate Score is derived using an equal, geometric weighting of the following factors:
1. **Pricing:** Evaluates the lender's interest rates and net fees relative to the market.
2. **Pull-Through:** Measures the percentage of applications that successfully close, indicating reliability and customer service.
3. **Product Knowledge:** Evaluates the lender's specific experience and volume originating the selected loan product.
4. **Local Place Knowledge:** Analyzes the lender's total number of loans originated in the specific geography to determine local market expertise.