Safe Rate Rankings

Best USDA 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
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Exceptional
$3,056Fees
0.293%Above
4,740
2
NEWREZ LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$2,483Fees
0.329%Above
605
3
ARK-LA-TEX FINANCIAL SERVICES, LLC.Independent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$2,571Fees
0.291%Above
153
4
Plains Commerce BankBank
Exceptional
Strong
Exceptional
Sound
Strong
$2,432Fees
0.366%Above
424
5
PLAZA HOME MORTGAGE, INC.Independent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$2,423Fees
0.155%Above
595
6
Barrington Bank & Trust Company, National AssociationBank
Strong
Sound
Exceptional
Strong
Strong
$2,720Fees
0.403%Above
281
7
Paramount Residential Mortgage Group, Inc.Independent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$4,935Fees
0.619%Above
150
8
Bell BankBank
Strong
Acceptable
Strong
Exceptional
Exceptional
$2,925Fees
0.253%Above
4,389
9
Alerus Financial, National AssociationBank
Strong
Sound
Strong
Exceptional
$1,608Fees
0.259%Above
958
10
Bremer Bank, National AssociationBank
Strong
Sound
Sound
Strong
Exceptional
$2,946Fees
0.260%Above
716
11
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Sound
Strong
$2,385Fees
0.259%Above
578
12
Frandsen Bank & TrustBank
Strong
Sound
Strong
Exceptional
$2,442Fees
0.065%Above
418
13
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,257Fees
0.224%Above
977
14
Summit Mortgage CorporationIndependent Mortgage Company
Strong
Acceptable
Strong
Strong
Exceptional
$3,170Fees
0.354%Above
639
15
PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,266Fees
0.337%Above
335
16
CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Exceptional
$3,865Fees
0.409%Above
2,661
17
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Exceptional
$3,456Fees
0.465%Above
2,146
18
NEW AMERICAN FUNDING, LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Exceptional
$3,706Fees
0.511%Above
1,611
19
Park State BankBank
Strong
Sound
Sound
Strong
$2,499Fees
0.036%Below
142
20
Luminate Home Loans, Inc.Independent Mortgage Company
Strong
Mediocre
Exceptional
Sound
Exceptional
$4,543Fees
0.416%Above
1,296
21
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Strong
$4,183Fees
0.529%Above
399
22
AMERICAN PACIFIC MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Strong
$3,791Fees
0.597%Above
333
23
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Mediocre
Exceptional
Strong
Strong
$3,351Fees
0.461%Above
305

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.