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