# Best Jumbo Mortgage Lenders in Minneapolis

**As of:** 2026-05-24

Compare the top Jumbo mortgage lenders in Minneapolis. Data-driven rankings based on rates, fees, and approval rates.

> **Canonical URL:** https://saferate.com/minneapolis/best-mortgage-lenders/jumbo-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 | 95 | 88 | 76 | 972 | Bank |
| 2 | Wells Fargo Bank, National Association | 95 | 87 | 63 | 880 | Bank |
| 3 | Bank of America, National Association | 89 | 90 | 80 | 191 | Bank |
| 4 | Royal Credit Union | 85 | 65 | 75 | 1,191 | Credit Union |
| 5 | GUARANTEED RATE, INC. | 85 | 64 | 62 | 634 | Independent Mortgage Company |
| 6 | Wings Financial Credit Union | 85 | 79 | 67 | 571 | Credit Union |
| 7 | Old National Bank | 85 | 61 | 74 | 298 | Bank |
| 8 | Bell Bank | 83 | 47 | 66 | 3,624 | Bank |
| 9 | UNITED WHOLESALE MORTGAGE, LLC | 83 | 55 | 74 | 3,122 | Independent Mortgage Company |
| 10 | ROCKET MORTGAGE, LLC | 83 | 50 | 67 | 2,263 | Independent Mortgage Company |
| 11 | Associated Bank, National Association | 83 | 82 | 59 | 273 | Bank |
| 12 | NAVY FEDERAL CREDIT UNION | 83 | 95 | 51 | 142 | Credit Union |
| 13 | Frandsen Bank & Trust | 80 | 60 | 74 | 117 | Bank |
| 14 | TRUSTONE FINANCIAL CREDIT UNION | 79 | 71 | 51 | 908 | Credit Union |
| 15 | Tradition Mortgage, LLC | 79 | 47 | 62 | 826 | Independent Mortgage Company |
| 16 | PENNYMAC LOAN SERVICES, LLC | 79 | 55 | 66 | 745 | Independent Mortgage Company |
| 17 | Alerus Financial, National Association | 79 | 56 | 76 | 647 | Bank |
| 18 | JPMorgan Chase Bank, National Association | 79 | 49 | 64 | 328 | Bank |
| 19 | CROSSCOUNTRY MORTGAGE, LLC | 75 | 40 | 70 | 2,217 | Independent Mortgage Company |
| 20 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 75 | 30 | 63 | 1,467 | Independent Mortgage Company |
| 21 | Prosperity Home Mortgage, LLC | 75 | 35 | 62 | 1,250 | Independent Mortgage Company |
| 22 | GUARANTEED RATE AFFINITY, LLC | 73 | 55 | 57 | 575 | Independent Mortgage Company |
| 23 | Baxter Credit Union | 73 | 85 | 43 | 154 | Credit Union |
| 24 | The Huntington National Bank | 71 | 30 | 76 | 601 | Bank |
| 25 | GUILD MORTGAGE COMPANY LLC | 71 | 32 | 66 | 436 | Independent Mortgage Company |
| 26 | NEW AMERICAN FUNDING, LLC | 70 | 36 | 48 | 1,187 | Independent Mortgage Company |
| 27 | Luminate Home Loans, Inc. | 59 | 17 | 56 | 1,130 | Independent Mortgage Company |
| 28 | Bremer Bank, National Association | 57 | 18 | 76 | 204 | Bank |
| 29 | EVERETT FINANCIAL, INC. | 56 | 16 | 59 | 592 | Independent Mortgage Company |

## 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.