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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 Mortgage Lenders in Minnesota
Updated February 6, 2026
Market Overview
236
Total Lenders
63,948
Total Loans
0.25%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|
1 | IOWA BANKERS MORTGAGE CORPORATION | Exceptional | Exceptional | Exceptional | Strong | $2,324 | +0.030% | 159 | |
2 | Royal Credit Union | Exceptional | Strong | Exceptional | Exceptional | $3,081 | +0.268% | 1,205 | |
3 | MAGNIFI FINANCIAL CREDIT UNION | Exceptional | Strong | Exceptional | Exceptional | $832 | -0.068% | 439 | |
4 | Old National Bank | Exceptional | Exceptional | Strong | Strong | $977 | -0.128% | 331 | |
5 | Associated Bank, National Association | Exceptional | Exceptional | Strong | Strong | $821 | -0.198% | 219 | |
6 | MEGASTAR FINANCIAL CORP. | Exceptional | Exceptional | Strong | Strong | -$6,798 | +0.338% | 189 | |
7 | U.S. Bank National Association | Exceptional | Strong | Strong | Exceptional | $873 | +0.173% | 1,505 | |
8 | Wings Financial Credit Union | Exceptional | Strong | Strong | Exceptional | $1,424 | -0.244% | 677 | |
9 | Merchants Bank, National Association | Exceptional | Strong | Strong | Exceptional | $2,010 | -0.053% | 538 | |
10 | Gate City Bank | Exceptional | Strong | Exceptional | Strong | $2,700 | -0.206% | 321 | |
11 | NAVY FEDERAL CREDIT UNION | Exceptional | Exceptional | Sound | Strong | $712 | -0.499% | 213 | |
12 | Baxter Credit Union | Exceptional | Exceptional | Sound | Strong | $924 | -0.007% | 173 | |
13 | First Federal Bank | Exceptional | Exceptional | Sound | Strong | $2,160 | -0.269% | 152 | |
14 | UNITED WHOLESALE MORTGAGE, LLC | Strong | Sound | Exceptional | Exceptional | $3,056 | +0.293% | 4,740 | |
15 | Wells Fargo Bank, National Association | Strong | Strong | Sound | Exceptional | $2,002 | +0.060% | 1,187 | |
16 | TRUSTONE FINANCIAL CREDIT UNION | Strong | Strong | Sound | Exceptional | $1,571 | -0.014% | 1,006 | |
17 | The Huntington National Bank | Strong | Strong | Strong | Strong | $1,536 | +0.269% | 680 | |
18 | Spire Credit Union | Strong | Strong | Sound | Exceptional | $1,064 | +0.048% | 527 | |
19 | Think Mutual Bank | Strong | Strong | Strong | Strong | $1,935 | -0.098% | 333 | |
20 | Bank of America, National Association | Strong | Strong | Strong | Strong | $1,524 | -0.023% | 210 | |
21 | Liberty Bank Minnesota | Strong | Strong | Strong | Strong | $1,085 | +0.141% | 187 | |
22 | Alerus Financial, National Association | Strong | Sound | Strong | Exceptional | $1,608 | +0.259% | 958 | |
23 | Tradition Mortgage, LLC | Strong | Sound | Strong | Exceptional | $2,101 | +0.205% | 925 | |
24 | Bremer Bank, National Association | Strong | Sound | Strong | Exceptional | $2,946 | +0.260% | 716 | |
25 | Servion, Inc. | Strong | Sound | Strong | Exceptional | $2,269 | +0.253% | 512 | |
26 | Frandsen Bank & Trust | Strong | Sound | Strong | Exceptional | $2,442 | +0.065% | 418 | |
27 | ALTRA Federal Credit Union | Strong | Sound | Exceptional | Strong | $1,721 | +0.225% | 246 | |
28 | Minnwest Bank | Strong | Strong | Sound | Strong | $2,440 | -0.241% | 189 | |
29 | TOPLINE FINANCIAL CREDIT UNION | Strong | Strong | Sound | Strong | $3,138 | -0.631% | 155 | |
30 | ARK-LA-TEX FINANCIAL SERVICES, LLC. | Strong | Sound | Exceptional | Strong | $2,571 | +0.291% | 153 | |
31 | Bell Bank | Strong | Acceptable | Exceptional | Exceptional | $2,925 | +0.253% | 4,389 | |
32 | ROCKET MORTGAGE, LLC | Strong | Acceptable | Exceptional | Exceptional | $3,910 | +0.325% | 3,524 | |
33 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | Strong | Acceptable | Exceptional | Exceptional | $3,456 | +0.465% | 2,146 | |
34 | GUARANTEED RATE, INC. | Strong | Sound | Strong | Strong | $3,257 | +0.224% | 977 | |
35 | LOANDEPOT.COM, LLC | Strong | Sound | Strong | Strong | $2,963 | +0.265% | 948 | |
36 | PENNYMAC LOAN SERVICES, LLC | Strong | Sound | Strong | Strong | $2,482 | +0.106% | 936 | |
37 | AFFINITY PLUS | Strong | Sound | Sound | Exceptional | $2,250 | -0.011% | 552 | |
38 | BAY EQUITY LLC | Strong | Sound | Strong | Strong | $3,359 | +0.312% | 460 | |
39 | FREEDOM MORTGAGE CORPORATION | Strong | Sound | Strong | Strong | $2,696 | +0.391% | 433 | |
40 | JPMorgan Chase Bank, National Association | Strong | Sound | Strong | Strong | $2,267 | +0.142% | 396 | |
41 | Deerwood Bank | Strong | Sound | Strong | Strong | $2,656 | -0.024% | 247 | |
42 | NexBank | Strong | Sound | Strong | Strong | $1,536 | +0.213% | 222 | |
43 | CORTRUST MORTGAGE, INC. | Strong | Sound | Strong | Strong | $3,033 | -0.110% | 171 | |
44 | First Western Bank & Trust | Strong | Sound | Strong | Strong | $3,078 | -0.108% | 142 | |
45 | CROSSCOUNTRY MORTGAGE, LLC | Strong | Acceptable | Strong | Exceptional | $3,865 | +0.409% | 2,661 | |
46 | Prosperity Home Mortgage, LLC | Strong | Acceptable | Strong | Exceptional | $2,669 | +0.249% | 1,495 | |
47 | Summit Mortgage Corporation | Strong | Acceptable | Strong | Exceptional | $3,170 | +0.354% | 639 | |
48 | GRANITE BANK | Strong | Acceptable | Strong | Exceptional | $3,195 | +0.318% | 495 | |
49 | North Shore Bank of Commerce | Strong | Acceptable | Strong | Exceptional | $3,437 | +0.191% | 477 | |
50 | Cambria Financial Group, LLC | Strong | Acceptable | Strong | Exceptional | $2,676 | +0.279% | 360 |
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 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Place
Local market expertise (33%)
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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