🛡️
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 Conventional 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 | Product | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|---|
1 | IOWA BANKERS MORTGAGE CORPORATION | Exceptional | Exceptional | Exceptional | Exceptional | Strong | $2,324 | +0.030% | 159 | |
2 | Royal Credit Union | Exceptional | Strong | Exceptional | Exceptional | Exceptional | $3,081 | +0.268% | 1,205 | |
3 | Old National Bank | Exceptional | Exceptional | Exceptional | Strong | Strong | $977 | -0.128% | 331 | |
4 | Associated Bank, National Association | Exceptional | Exceptional | Exceptional | Strong | Strong | $821 | -0.198% | 219 | |
5 | U.S. Bank National Association | Exceptional | Strong | Exceptional | Strong | Exceptional | $873 | +0.173% | 1,505 | |
6 | Gate City Bank | Exceptional | Strong | Exceptional | Exceptional | Strong | $2,700 | -0.206% | 321 | |
7 | NAVY FEDERAL CREDIT UNION | Exceptional | Exceptional | Exceptional | Sound | Strong | $712 | -0.499% | 213 | |
8 | Wells Fargo Bank, National Association | Exceptional | Strong | Exceptional | Sound | Exceptional | $2,002 | +0.060% | 1,187 | |
9 | The Huntington National Bank | Exceptional | Strong | Exceptional | Strong | Strong | $1,536 | +0.269% | 680 | |
10 | Merchants Bank, National Association | Exceptional | Strong | Strong | Strong | Exceptional | $2,010 | -0.053% | 538 | |
11 | MAGNIFI FINANCIAL CREDIT UNION | Exceptional | Strong | Strong | Strong | Exceptional | $832 | -0.068% | 439 | |
12 | Bank of America, National Association | Exceptional | Strong | Exceptional | Strong | Strong | $1,524 | -0.023% | 210 | |
13 | MEGASTAR FINANCIAL CORP. | Exceptional | Exceptional | Strong | Sound | Strong | -$6,798 | +0.338% | 189 | |
14 | Liberty Bank Minnesota | Exceptional | Strong | Strong | Exceptional | Strong | $1,085 | +0.141% | 187 | |
15 | Baxter Credit Union | Exceptional | Exceptional | Strong | Sound | Strong | $924 | -0.007% | 173 | |
16 | TRUSTONE FINANCIAL CREDIT UNION | Exceptional | Strong | Strong | Sound | Exceptional | $1,571 | -0.014% | 1,006 | |
17 | Wings Financial Credit Union | Exceptional | Strong | Strong | Sound | Exceptional | $1,424 | -0.244% | 677 | |
18 | Think Mutual Bank | Exceptional | Strong | Strong | Strong | Strong | $1,935 | -0.098% | 333 | |
19 | ALTRA Federal Credit Union | Exceptional | Sound | Exceptional | Exceptional | Strong | $1,721 | +0.225% | 246 | |
20 | UNITED WHOLESALE MORTGAGE, LLC | Strong | Acceptable | Exceptional | Exceptional | Exceptional | $3,056 | +0.293% | 4,740 | |
21 | ROCKET MORTGAGE, LLC | Strong | Acceptable | Exceptional | Exceptional | Exceptional | $3,910 | +0.325% | 3,524 | |
22 | Alerus Financial, National Association | Strong | Sound | Strong | Strong | Exceptional | $1,608 | +0.259% | 958 | |
23 | LOANDEPOT.COM, LLC | Strong | Sound | Exceptional | Strong | Strong | $2,963 | +0.265% | 948 | |
24 | Tradition Mortgage, LLC | Strong | Sound | Strong | Strong | Exceptional | $2,101 | +0.205% | 925 | |
25 | Bremer Bank, National Association | Strong | Sound | Strong | Strong | Exceptional | $2,946 | +0.260% | 716 | |
26 | PLAZA HOME MORTGAGE, INC. | Strong | Sound | Exceptional | Strong | Strong | $2,423 | +0.155% | 595 | |
27 | Spire Credit Union | Strong | Strong | Sound | Sound | Exceptional | $1,064 | +0.048% | 527 | |
28 | Servion, Inc. | Strong | Sound | Strong | Strong | Exceptional | $2,269 | +0.253% | 512 | |
29 | BAY EQUITY LLC | Strong | Sound | Exceptional | Strong | Strong | $3,359 | +0.312% | 460 | |
30 | Frandsen Bank & Trust | Strong | Sound | Strong | Strong | Exceptional | $2,442 | +0.065% | 418 | |
31 | JPMorgan Chase Bank, National Association | Strong | Sound | Exceptional | Strong | Strong | $2,267 | +0.142% | 396 | |
32 | Barrington Bank & Trust Company, National Association | Strong | Sound | Exceptional | Strong | Strong | $2,720 | +0.403% | 281 | |
33 | MUTUAL OF OMAHA MORTGAGE, INC. | Strong | Strong | Strong | Sound | Strong | $1,735 | +0.092% | 204 | |
34 | ARK-LA-TEX FINANCIAL SERVICES, LLC. | Strong | Sound | Exceptional | Strong | Strong | $2,571 | +0.291% | 153 | |
35 | First Federal Bank | Strong | Strong | Strong | Sound | Strong | $2,160 | -0.269% | 152 | |
36 | Bell Bank | Strong | Acceptable | Exceptional | Strong | Exceptional | $2,925 | +0.253% | 4,389 | |
37 | CROSSCOUNTRY MORTGAGE, LLC | Strong | Acceptable | Exceptional | Strong | Exceptional | $3,865 | +0.409% | 2,661 | |
38 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | Strong | Acceptable | Exceptional | Strong | Exceptional | $3,456 | +0.465% | 2,146 | |
39 | Prosperity Home Mortgage, LLC | Strong | Acceptable | Exceptional | Strong | Exceptional | $2,669 | +0.249% | 1,495 | |
40 | PENNYMAC LOAN SERVICES, LLC | Strong | Sound | Exceptional | Sound | Strong | $2,482 | +0.106% | 936 | |
41 | AFFINITY PLUS | Strong | Sound | Strong | Sound | Exceptional | $2,250 | -0.011% | 552 | |
42 | North Shore Bank of Commerce | Strong | Acceptable | Strong | Exceptional | Exceptional | $3,437 | +0.191% | 477 | |
43 | NexBank | Strong | Sound | Strong | Strong | Strong | $1,536 | +0.213% | 222 | |
44 | CORTRUST MORTGAGE, INC. | Strong | Sound | Strong | Strong | Strong | $3,033 | -0.110% | 171 | |
45 | Nations Lending Corporation | Strong | Acceptable | Exceptional | Exceptional | Strong | $3,959 | +0.494% | 169 | |
46 | First Western Bank & Trust | Strong | Sound | Strong | Strong | Strong | $3,078 | -0.108% | 142 | |
47 | GUARANTEED RATE, INC. | Strong | Acceptable | Exceptional | Strong | Strong | $3,257 | +0.224% | 977 | |
48 | Summit Mortgage Corporation | Strong | Acceptable | Strong | Strong | Exceptional | $3,170 | +0.354% | 639 | |
49 | Flagstar Bank, N.A. | Strong | Acceptable | Exceptional | Strong | Strong | $2,385 | +0.259% | 578 | |
50 | MOVEMENT MORTGAGE, LLC | Strong | Acceptable | Exceptional | Strong | Strong | $2,714 | +0.448% | 507 |
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.
Ready to find your perfect lender?
Get personalized recommendations based on your specific needs
MinnesotaConventional
No credit impact
3-minute process
100% free