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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 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 | U.S. Bank National Association | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $873 | +0.173% | 1,505 | |
2 | Wells Fargo Bank, National Association | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $2,002 | +0.060% | 1,187 | |
3 | Bank of America, National Association | Exceptional | Exceptional | Exceptional | Strong | Strong | $1,524 | -0.023% | 210 | |
4 | Associated Bank, National Association | Exceptional | Exceptional | Exceptional | Sound | Strong | $821 | -0.198% | 219 | |
5 | NAVY FEDERAL CREDIT UNION | Exceptional | Exceptional | Exceptional | Sound | Strong | $712 | -0.499% | 213 | |
6 | Royal Credit Union | Exceptional | Strong | Strong | Strong | Exceptional | $3,081 | +0.268% | 1,205 | |
7 | GUARANTEED RATE, INC. | Exceptional | Strong | Exceptional | Strong | Strong | $3,257 | +0.224% | 977 | |
8 | Wings Financial Credit Union | Exceptional | Strong | Strong | Strong | Exceptional | $1,424 | -0.244% | 677 | |
9 | Frandsen Bank & Trust | Exceptional | Strong | Strong | Strong | Exceptional | $2,442 | +0.065% | 418 | |
10 | Old National Bank | Exceptional | Strong | Exceptional | Strong | Strong | $977 | -0.128% | 331 | |
11 | UNITED WHOLESALE MORTGAGE, LLC | Exceptional | Sound | Exceptional | Strong | Exceptional | $3,056 | +0.293% | 4,740 | |
12 | Bell Bank | Exceptional | Sound | Exceptional | Strong | Exceptional | $2,925 | +0.253% | 4,389 | |
13 | ROCKET MORTGAGE, LLC | Exceptional | Sound | Exceptional | Strong | Exceptional | $3,910 | +0.325% | 3,524 | |
14 | TRUSTONE FINANCIAL CREDIT UNION | Exceptional | Strong | Strong | Sound | Exceptional | $1,571 | -0.014% | 1,006 | |
15 | Think Mutual Bank | Exceptional | Strong | Strong | Strong | Strong | $1,935 | -0.098% | 333 | |
16 | Baxter Credit Union | Exceptional | Exceptional | Sound | Sound | Strong | $924 | -0.007% | 173 | |
17 | Alerus Financial, National Association | Strong | Sound | Strong | Strong | Exceptional | $1,608 | +0.259% | 958 | |
18 | PENNYMAC LOAN SERVICES, LLC | Strong | Sound | Exceptional | Strong | Strong | $2,482 | +0.106% | 936 | |
19 | Tradition Mortgage, LLC | Strong | Sound | Strong | Strong | Exceptional | $2,101 | +0.205% | 925 | |
20 | JPMorgan Chase Bank, National Association | Strong | Sound | Exceptional | Strong | Strong | $2,267 | +0.142% | 396 | |
21 | CROSSCOUNTRY MORTGAGE, LLC | Strong | Acceptable | Exceptional | Strong | Exceptional | $3,865 | +0.409% | 2,661 | |
22 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | Strong | Acceptable | Exceptional | Strong | Exceptional | $3,456 | +0.465% | 2,146 | |
23 | Prosperity Home Mortgage, LLC | Strong | Acceptable | Exceptional | Strong | Exceptional | $2,669 | +0.249% | 1,495 | |
24 | LOANDEPOT.COM, LLC | Strong | Sound | Exceptional | Sound | Strong | $2,963 | +0.265% | 948 | |
25 | GUARANTEED RATE AFFINITY, LLC | Strong | Sound | Exceptional | Sound | Strong | $2,937 | +0.358% | 718 | |
26 | NEW AMERICAN FUNDING, LLC | Strong | Acceptable | Exceptional | Sound | Exceptional | $3,706 | +0.511% | 1,611 | |
27 | The Huntington National Bank | Strong | Acceptable | Exceptional | Strong | Strong | $1,536 | +0.269% | 680 | |
28 | North Shore Bank of Commerce | Strong | Acceptable | Strong | Strong | Exceptional | $3,437 | +0.191% | 477 | |
29 | GUILD MORTGAGE COMPANY LLC | Strong | Acceptable | Exceptional | Strong | Strong | $2,959 | +0.416% | 467 | |
30 | Summit Mortgage Corporation | Strong | Acceptable | Sound | Strong | Exceptional | $3,170 | +0.354% | 639 | |
31 | HomeTown Bank | Strong | Sound | — | Sound | Strong | $2,530 | -0.063% | 149 | |
32 | Luminate Home Loans, Inc. | Strong | Mediocre | Exceptional | Sound | Exceptional | $4,543 | +0.416% | 1,296 | |
33 | EVERETT FINANCIAL, INC. | Strong | Mediocre | Exceptional | Sound | Exceptional | $4,091 | +0.719% | 822 | |
34 | Bremer Bank, National Association | Strong | Mediocre | Strong | Strong | Exceptional | $2,946 | +0.260% | 716 | |
35 | COMPEER FINANCIAL, FLCA | Sound | Mediocre | Strong | Strong | Strong | $2,446 | +0.829% | 219 |
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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