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Safe Rate's TrueRank Guarantee
Our rankings are earned, not bought. We analyze 2,347 lenders using federal HMDA data—no pay-to-play, no cherry-picking. You see the best options based on performance metrics, not advertising dollars.
Best Jumbo Mortgage Lenders in Minneapolis
Updated February 5, 2026
Market Overview
202
Total Lenders
44,572
Total Loans
0.23%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Product | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|---|
1 | U.S. Bank National Association | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $677 | +0.140% | 972 | |
2 | Wells Fargo Bank, National Association | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $1,830 | -0.004% | 880 | |
3 | Bank of America, National Association | Exceptional | Exceptional | Exceptional | Strong | Strong | $1,518 | -0.079% | 191 | |
4 | Associated Bank, National Association | Exceptional | Exceptional | Exceptional | Sound | Strong | $723 | -0.203% | 273 | |
5 | NAVY FEDERAL CREDIT UNION | Exceptional | Exceptional | Exceptional | Sound | Strong | $663 | -0.525% | 142 | |
6 | Royal Credit Union | Exceptional | Strong | Strong | Strong | Exceptional | $2,928 | +0.241% | 1,191 | |
7 | GUARANTEED RATE, INC. | Exceptional | Strong | Exceptional | Strong | Strong | $3,495 | +0.185% | 634 | |
8 | Wings Financial Credit Union | Exceptional | Strong | Strong | Strong | Exceptional | $1,446 | -0.247% | 571 | |
9 | Old National Bank | Exceptional | Strong | Exceptional | Strong | Strong | $954 | -0.145% | 298 | |
10 | Bell Bank | Exceptional | Sound | Exceptional | Strong | Exceptional | $2,964 | +0.254% | 3,624 | |
11 | UNITED WHOLESALE MORTGAGE, LLC | Exceptional | Sound | Exceptional | Strong | Exceptional | $3,020 | +0.265% | 3,122 | |
12 | ROCKET MORTGAGE, LLC | Exceptional | Sound | Exceptional | Strong | Exceptional | $4,083 | +0.255% | 2,263 | |
13 | TRUSTONE FINANCIAL CREDIT UNION | Exceptional | Strong | Strong | Sound | Exceptional | $1,544 | -0.021% | 908 | |
14 | Baxter Credit Union | Exceptional | Exceptional | Sound | Sound | Strong | $852 | -0.008% | 154 | |
15 | Frandsen Bank & Trust | Exceptional | Strong | Strong | Strong | Strong | $2,561 | -0.013% | 117 | |
16 | Tradition Mortgage, LLC | Strong | Sound | Strong | Strong | Exceptional | $2,007 | +0.191% | 826 | |
17 | PENNYMAC LOAN SERVICES, LLC | Strong | Sound | Exceptional | Strong | Strong | $2,421 | +0.109% | 745 | |
18 | Alerus Financial, National Association | Strong | Sound | Strong | Strong | Exceptional | $1,331 | +0.322% | 647 | |
19 | JPMorgan Chase Bank, National Association | Strong | Sound | Exceptional | Strong | Strong | $2,172 | +0.122% | 328 | |
20 | CROSSCOUNTRY MORTGAGE, LLC | Strong | Acceptable | Exceptional | Strong | Exceptional | $3,854 | +0.393% | 2,217 | |
21 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | Strong | Acceptable | Exceptional | Strong | Exceptional | $3,504 | +0.404% | 1,467 | |
22 | Prosperity Home Mortgage, LLC | Strong | Acceptable | Exceptional | Strong | Exceptional | $2,775 | +0.235% | 1,250 | |
23 | GUARANTEED RATE AFFINITY, LLC | Strong | Sound | Exceptional | Sound | Strong | $2,962 | +0.354% | 575 | |
24 | NEW AMERICAN FUNDING, LLC | Strong | Acceptable | Exceptional | Sound | Exceptional | $3,793 | +0.470% | 1,187 | |
25 | The Huntington National Bank | Strong | Acceptable | Exceptional | Strong | Strong | $1,501 | +0.244% | 601 | |
26 | GUILD MORTGAGE COMPANY LLC | Strong | Acceptable | Exceptional | Strong | Strong | $2,983 | +0.455% | 436 | |
27 | Luminate Home Loans, Inc. | Strong | Mediocre | Exceptional | Sound | Exceptional | $4,563 | +0.391% | 1,130 | |
28 | EVERETT FINANCIAL, INC. | Sound | Mediocre | Exceptional | Sound | Strong | $4,234 | +0.638% | 592 | |
29 | Bremer Bank, National Association | Sound | Mediocre | Strong | Strong | Strong | $3,146 | +0.216% | 204 |
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.
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