Safe Rate Rankings

Best Jumbo Mortgage Lenders in Minnesota

Updated February 6, 2026
⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
📊 HMDA 2024Built using publicly available originated loan data from the federal government.
🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.
Total Lenders236
Total Loans63,948
Median Rate Spread0.25%

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