Safe Rate Rankings

Best FHA 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
Prosperity Home Mortgage, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Exceptional
$2,775Fees
0.235%Above
1,250
2
Associated Bank, National AssociationBank
Exceptional
Exceptional
Strong
Strong
Strong
$723Fees
0.203%Below
273
3
MEGASTAR FINANCIAL CORP.Independent Mortgage Company
Exceptional
Exceptional
Strong
Strong
Strong
$6,765Credit
0.340%Above
172
4
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$3,020Fees
0.265%Above
3,122
5
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Sound
Exceptional
$677Fees
0.140%Above
972
6
Alerus Financial, National AssociationBank
Exceptional
Strong
Strong
Strong
Exceptional
$1,331Fees
0.322%Above
647
7
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Strong
$1,501Fees
0.244%Above
601
8
Old National BankBank
Exceptional
Exceptional
Strong
Sound
Strong
$954Fees
0.145%Below
298
9
FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$2,879Fees
0.281%Above
274
10
Royal Credit UnionCredit Union
Exceptional
Sound
Strong
Exceptional
Exceptional
$2,928Fees
0.241%Above
1,191
11
PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$2,421Fees
0.109%Above
745
12
SWBC MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Strong
$3,690Fees
0.449%Above
375
13
ROCKET MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$4,083Fees
0.255%Above
2,263
14
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$3,504Fees
0.404%Above
1,467
15
LOANDEPOT.COM, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$2,799Fees
0.175%Above
620
16
M/I FINANCIAL, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$5,775Fees
0.222%Below
586
17
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Strong
Strong
$2,303Fees
0.304%Above
325
18
Plains Commerce BankBank
Strong
Sound
Exceptional
Strong
Strong
$2,553Fees
0.291%Above
221
19
Bell BankBank
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,964Fees
0.254%Above
3,624
20
TRUSTONE FINANCIAL CREDIT UNIONCredit Union
Strong
Sound
Strong
Sound
Exceptional
$1,544Fees
0.021%Below
908
21
Wells Fargo Bank, National AssociationBank
Strong
Sound
Strong
Sound
Exceptional
$1,830Fees
0.004%Below
880
22
Tradition Mortgage, LLCIndependent Mortgage Company
Strong
Sound
Sound
Strong
Exceptional
$2,007Fees
0.191%Above
826
23
NEWREZ LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Sound
Strong
$2,457Fees
0.320%Above
453
24
GRANITE BANKBank
Strong
Sound
Strong
Strong
Strong
$3,212Fees
0.313%Above
318
25
Cambria Financial Group, LLCIndependent Mortgage Company
Strong
Sound
Strong
Strong
Strong
$2,513Fees
0.213%Above
251
26
Bremer Bank, National AssociationBank
Strong
Sound
Strong
Strong
Strong
$3,146Fees
0.216%Above
204
27
PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$3,388Fees
0.299%Above
198
28
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$3,446Fees
0.500%Above
165
29
KIND LENDING, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Sound
$2,704Fees
0.340%Above
94
30
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,495Fees
0.185%Above
634
31
GUARANTEED RATE AFFINITY, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,962Fees
0.354%Above
575
32
Summit Mortgage CorporationIndependent Mortgage Company
Strong
Acceptable
Strong
Strong
Exceptional
$3,358Fees
0.344%Above
468
33
MOVEMENT MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,711Fees
0.444%Above
440
34
GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,983Fees
0.455%Above
436
35
CMG MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,291Fees
0.272%Above
431
36
BAY EQUITY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,486Fees
0.301%Above
427
37
PLAZA HOME MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,459Fees
0.156%Above
335
38
JPMorgan Chase Bank, National AssociationBank
Strong
Sound
Strong
Sound
Strong
$2,172Fees
0.122%Above
328
39
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIPIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$4,719Fees
0.517%Above
278
40
Barrington Bank & Trust Company, National AssociationBank
Strong
Acceptable
Exceptional
Strong
Strong
$2,682Fees
0.362%Above
223
41
Servion, Inc.Independent Mortgage Company
Strong
Sound
Strong
Sound
Strong
$2,251Fees
0.158%Above
161
42
Paramount Residential Mortgage Group, Inc.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$5,014Fees
0.601%Above
135
43
CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Exceptional
$3,854Fees
0.393%Above
2,217
44
Luminate Home Loans, Inc.Independent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Exceptional
$4,563Fees
0.391%Above
1,130
45
Mortgage Research Center, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$1,701Fees
0.254%Above
362
46
MASON MCDUFFIE MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Strong
Strong
Strong
$4,318Fees
0.177%Above
187
47
MUTUAL OF OMAHA MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$1,539Fees
0.087%Above
167
48
ZILLOW HOME LOANS, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$2,971Fees
0.386%Above
96
49
Sierra Pacific Mortgage Company, Inc.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$2,650Fees
0.126%Above
93
50
LOWER, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$2,075Fees
0.220%Above
91

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.