Safe Rate Rankings

Best VA Mortgage Bank Lenders in Minneapolis

Updated May 26, 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 Lenders202
Total Loans44,572
Median Rate Spread0.23%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$677Fees
0.140%Above
972
2
Bell BankBank
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$2,964Fees
0.254%Above
3,624
3
JPMorgan Chase Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Strong
$2,172Fees
0.122%Above
328
4
USAA Federal Savings BankBank
Exceptional
Strong
Exceptional
Sound
Strong
$2,153Fees
0.164%Below
126
5
Wells Fargo Bank, National AssociationBank
Strong
Sound
Exceptional
Sound
Exceptional
$1,830Fees
0.004%Below
880
6
Alerus Financial, National AssociationBank
Strong
Sound
Strong
Strong
Exceptional
$1,331Fees
0.322%Above
647
7
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Strong
Strong
$2,303Fees
0.304%Above
325
8
Plains Commerce BankBank
Strong
Sound
Exceptional
Strong
Strong
$2,553Fees
0.291%Above
221
9
GRANITE BANKBank
Strong
Sound
Strong
Strong
Strong
$3,212Fees
0.313%Above
318
10
Barrington Bank & Trust Company, National AssociationBank
Strong
Mediocre
Exceptional
Strong
Strong
$2,682Fees
0.362%Above
223
11
Ixonia BankBank
Strong
Mediocre
Exceptional
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 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.