Safe Rate Rankings

Best Conventional Mortgage Lenders in Minneapolis

Updated May 24, 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
Royal Credit UnionCredit Union
Exceptional
Strong
Exceptional
Exceptional
Exceptional
$2,928Fees
0.241%Above
1,191
2
Old National BankBank
Exceptional
Exceptional
Exceptional
Strong
Strong
$954Fees
0.145%Below
298
3
Associated Bank, National AssociationBank
Exceptional
Exceptional
Exceptional
Strong
Strong
$723Fees
0.203%Below
273
4
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$677Fees
0.140%Above
972
5
NAVY FEDERAL CREDIT UNIONCredit Union
Exceptional
Exceptional
Exceptional
Sound
Strong
$663Fees
0.525%Below
142
6
PROVIDENT FUNDING ASSOCIATES, L.P.Independent Mortgage Company
Exceptional
Exceptional
Exceptional
Sound
Strong
$788Fees
0.082%Below
119
7
Wells Fargo Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Exceptional
$1,830Fees
0.004%Below
880
8
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Strong
$1,501Fees
0.244%Above
601
9
Bank of America, National AssociationBank
Exceptional
Strong
Exceptional
Strong
Strong
$1,518Fees
0.079%Below
191
10
MEGASTAR FINANCIAL CORP.Independent Mortgage Company
Exceptional
Exceptional
Strong
Sound
Strong
$6,765Credit
0.340%Above
172
11
Baxter Credit UnionCredit Union
Exceptional
Exceptional
Strong
Sound
Strong
$852Fees
0.008%Below
154
12
TRUSTONE FINANCIAL CREDIT UNIONCredit Union
Exceptional
Strong
Strong
Sound
Exceptional
$1,544Fees
0.021%Below
908
13
Wings Financial Credit UnionCredit Union
Exceptional
Strong
Strong
Sound
Exceptional
$1,446Fees
0.247%Below
571
14
Merchants Bank, National AssociationBank
Exceptional
Strong
Strong
Strong
Strong
$1,923Fees
0.099%Below
94
15
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$3,020Fees
0.265%Above
3,122
16
ROCKET MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$4,083Fees
0.255%Above
2,263
17
Tradition Mortgage, LLCIndependent Mortgage Company
Strong
Sound
Strong
Strong
Exceptional
$2,007Fees
0.191%Above
826
18
Alerus Financial, National AssociationBank
Strong
Sound
Strong
Strong
Exceptional
$1,331Fees
0.322%Above
647
19
LOANDEPOT.COM, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$2,799Fees
0.175%Above
620
20
BAY EQUITY LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$3,486Fees
0.301%Above
427
21
Spire Credit UnionCredit Union
Strong
Strong
Sound
Sound
Exceptional
$1,102Fees
0.037%Above
424
22
PLAZA HOME MORTGAGE, INC.Independent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$2,459Fees
0.156%Above
335
23
JPMorgan Chase Bank, National AssociationBank
Strong
Sound
Exceptional
Strong
Strong
$2,172Fees
0.122%Above
328
24
Barrington Bank & Trust Company, National AssociationBank
Strong
Sound
Exceptional
Strong
Strong
$2,682Fees
0.362%Above
223
25
MUTUAL OF OMAHA MORTGAGE, INC.Independent Mortgage Company
Strong
Strong
Strong
Sound
Strong
$1,539Fees
0.087%Above
167
26
Bell BankBank
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,964Fees
0.254%Above
3,624
27
CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$3,854Fees
0.393%Above
2,217
28
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$3,504Fees
0.404%Above
1,467
29
Prosperity Home Mortgage, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,775Fees
0.235%Above
1,250
30
PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Sound
Strong
$2,421Fees
0.109%Above
745
31
Bremer Bank, National AssociationBank
Strong
Sound
Strong
Strong
Strong
$3,146Fees
0.216%Above
204
32
NexBankBank
Strong
Sound
Strong
Strong
Strong
$1,432Fees
0.192%Above
188
33
Servion, Inc.Independent Mortgage Company
Strong
Sound
Strong
Strong
Strong
$2,251Fees
0.158%Above
161
34
Frandsen Bank & TrustBank
Strong
Sound
Strong
Strong
Strong
$2,561Fees
0.013%Below
117
35
NEW AMERICAN FUNDING, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Exceptional
$3,793Fees
0.470%Above
1,187
36
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,495Fees
0.185%Above
634
37
Summit Mortgage CorporationIndependent Mortgage Company
Strong
Acceptable
Strong
Strong
Exceptional
$3,358Fees
0.344%Above
468
38
MOVEMENT MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,711Fees
0.444%Above
440
39
GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,983Fees
0.455%Above
436
40
CMG MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,291Fees
0.272%Above
431
41
SWBC MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,690Fees
0.449%Above
375
42
Flagstar Bank, N.A.Bank
Strong
Acceptable
Exceptional
Strong
Strong
$2,303Fees
0.304%Above
325
43
AFFINITY PLUSCredit Union
Strong
Sound
Strong
Sound
Strong
$2,556Fees
0.054%Below
300
44
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIPIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$4,719Fees
0.517%Above
278
45
FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Sound
Strong
Sound
Strong
$2,879Fees
0.281%Above
274
46
Plains Commerce BankBank
Strong
Acceptable
Exceptional
Strong
Strong
$2,553Fees
0.291%Above
221
47
PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,388Fees
0.299%Above
198
48
NATIONSTAR MORTGAGE LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,779Fees
0.238%Above
194
49
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,446Fees
0.500%Above
165
50
Paramount Residential Mortgage Group, Inc.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$5,014Fees
0.601%Above
135

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.