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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 FHA 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 | Gate City Bank | Exceptional | Exceptional | Strong | Exceptional | Strong | $2,700 | -0.206% | 321 | |
2 | Prosperity Home Mortgage, LLC | Exceptional | Strong | Exceptional | Strong | Exceptional | $2,669 | +0.249% | 1,495 | |
3 | Associated Bank, National Association | Exceptional | Exceptional | Strong | Strong | Strong | $821 | -0.198% | 219 | |
4 | MEGASTAR FINANCIAL CORP. | Exceptional | Exceptional | Strong | Strong | Strong | -$6,798 | +0.338% | 189 | |
5 | UNITED WHOLESALE MORTGAGE, LLC | Exceptional | Sound | Exceptional | Exceptional | Exceptional | $3,056 | +0.293% | 4,740 | |
6 | U.S. Bank National Association | Exceptional | Strong | Exceptional | Sound | Exceptional | $873 | +0.173% | 1,505 | |
7 | Alerus Financial, National Association | Exceptional | Strong | Strong | Strong | Exceptional | $1,608 | +0.259% | 958 | |
8 | The Huntington National Bank | Exceptional | Strong | Exceptional | Strong | Strong | $1,536 | +0.269% | 680 | |
9 | FREEDOM MORTGAGE CORPORATION | Exceptional | Strong | Exceptional | Strong | Strong | $2,696 | +0.391% | 433 | |
10 | Old National Bank | Exceptional | Exceptional | Strong | Sound | Strong | $977 | -0.128% | 331 | |
11 | ARK-LA-TEX FINANCIAL SERVICES, LLC. | Exceptional | Strong | Exceptional | Strong | Strong | $2,571 | +0.291% | 153 | |
12 | Royal Credit Union | Exceptional | Sound | Strong | Exceptional | Exceptional | $3,081 | +0.268% | 1,205 | |
13 | PENNYMAC LOAN SERVICES, LLC | Exceptional | Strong | Exceptional | Sound | Strong | $2,482 | +0.106% | 936 | |
14 | SWBC MORTGAGE CORPORATION | Exceptional | Sound | Exceptional | Exceptional | Strong | $3,681 | +0.453% | 379 | |
15 | ALTRA Federal Credit Union | Exceptional | Exceptional | Sound | Sound | Strong | $1,721 | +0.225% | 246 | |
16 | CORTRUST MORTGAGE, INC. | Exceptional | Strong | Strong | Strong | Strong | $3,033 | -0.110% | 171 | |
17 | First Western Bank & Trust | Exceptional | Exceptional | Sound | Sound | Strong | $3,078 | -0.108% | 142 | |
18 | ROCKET MORTGAGE, LLC | Strong | Acceptable | Exceptional | Exceptional | Exceptional | $3,910 | +0.325% | 3,524 | |
19 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | Strong | Acceptable | Exceptional | Exceptional | Exceptional | $3,456 | +0.465% | 2,146 | |
20 | LOANDEPOT.COM, LLC | Strong | Sound | Exceptional | Strong | Strong | $2,963 | +0.265% | 948 | |
21 | Bremer Bank, National Association | Strong | Sound | Strong | Strong | Exceptional | $2,946 | +0.260% | 716 | |
22 | M/I FINANCIAL, LLC | Strong | Sound | Exceptional | Strong | Strong | $5,775 | -0.222% | 586 | |
23 | Flagstar Bank, N.A. | Strong | Sound | Exceptional | Strong | Strong | $2,385 | +0.259% | 578 | |
24 | Merchants Bank, National Association | Strong | Strong | Sound | Sound | Exceptional | $2,010 | -0.053% | 538 | |
25 | GRANITE BANK | Strong | Sound | Strong | Strong | Exceptional | $3,195 | +0.318% | 495 | |
26 | Plains Commerce Bank | Strong | Sound | Exceptional | Strong | Strong | $2,432 | +0.366% | 424 | |
27 | Cambria Financial Group, LLC | Strong | Sound | Strong | Strong | Exceptional | $2,676 | +0.279% | 360 | |
28 | Bell Bank | Strong | Acceptable | Exceptional | Strong | Exceptional | $2,925 | +0.253% | 4,389 | |
29 | Wells Fargo Bank, National Association | Strong | Sound | Strong | Sound | Exceptional | $2,002 | +0.060% | 1,187 | |
30 | TRUSTONE FINANCIAL CREDIT UNION | Strong | Sound | Strong | Sound | Exceptional | $1,571 | -0.014% | 1,006 | |
31 | Tradition Mortgage, LLC | Strong | Sound | Sound | Strong | Exceptional | $2,101 | +0.205% | 925 | |
32 | NEWREZ LLC | Strong | Sound | Exceptional | Sound | Strong | $2,483 | +0.329% | 605 | |
33 | Servion, Inc. | Strong | Sound | Strong | Sound | Exceptional | $2,269 | +0.253% | 512 | |
34 | PRIMELENDING, A PLAINSCAPITAL COMPANY | Strong | Acceptable | Exceptional | Exceptional | Strong | $3,266 | +0.337% | 335 | |
35 | UNION HOME MORTGAGE CORP. | Strong | Acceptable | Exceptional | Exceptional | Strong | $3,351 | +0.461% | 305 | |
36 | Nations Lending Corporation | Strong | Acceptable | Exceptional | Exceptional | Strong | $3,959 | +0.494% | 169 | |
37 | GUARANTEED RATE, INC. | Strong | Acceptable | Exceptional | Strong | Strong | $3,257 | +0.224% | 977 | |
38 | GUARANTEED RATE AFFINITY, LLC | Strong | Acceptable | Exceptional | Strong | Strong | $2,937 | +0.358% | 718 | |
39 | Summit Mortgage Corporation | Strong | Acceptable | Strong | Strong | Exceptional | $3,170 | +0.354% | 639 | |
40 | PLAZA HOME MORTGAGE, INC. | Strong | Acceptable | Exceptional | Strong | Strong | $2,423 | +0.155% | 595 | |
41 | MOVEMENT MORTGAGE, LLC | Strong | Acceptable | Exceptional | Strong | Strong | $2,714 | +0.448% | 507 | |
42 | North Shore Bank of Commerce | Strong | Acceptable | Sound | Exceptional | Exceptional | $3,437 | +0.191% | 477 | |
43 | GUILD MORTGAGE COMPANY LLC | Strong | Acceptable | Exceptional | Strong | Strong | $2,959 | +0.416% | 467 | |
44 | BAY EQUITY LLC | Strong | Acceptable | Exceptional | Strong | Strong | $3,359 | +0.312% | 460 | |
45 | CMG MORTGAGE, INC. | Strong | Acceptable | Exceptional | Strong | Strong | $3,320 | +0.283% | 458 | |
46 | CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | Strong | Acceptable | Exceptional | Strong | Strong | $4,660 | +0.566% | 347 | |
47 | HOMEOWNERS FINANCIAL GROUP USA, LLC | Strong | Acceptable | Exceptional | Strong | Strong | $3,979 | +0.455% | 307 | |
48 | Barrington Bank & Trust Company, National Association | Strong | Acceptable | Exceptional | Strong | Strong | $2,720 | +0.403% | 281 | |
49 | Paramount Residential Mortgage Group, Inc. | Strong | Acceptable | Exceptional | Strong | Strong | $4,935 | +0.619% | 150 | |
50 | ZILLOW HOME LOANS, LLC | Strong | Acceptable | Exceptional | Strong | Strong | $3,140 | +0.462% | 131 |
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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