Safe Rate Rankings

Best Mortgage Lenders in Rochester

Updated February 5, 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.

Market

Total Lenders40

Total Loans2,266

Median Rate Spread0.21%

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Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Think Mutual BankBank	Exceptional	Strong	Strong	Exceptional	$1,869Fees	0.128%Below	229
2	Merchants Bank, National AssociationBank	Exceptional	Strong	Strong	Exceptional	$2,363Fees	0.115%Below	87
3	First Federal BankBank	Exceptional	Exceptional	Sound	Strong	$2,452Fees	0.208%Below	78
4	Associated Bank, National AssociationBank	Exceptional	Exceptional	Strong	Sound	$1,117Fees	0.163%Below	22
5	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Exceptional	$3,497Fees	0.258%Above	308
6	ALTRA Federal Credit UnionCredit Union	Strong	Sound	Exceptional	Exceptional	$2,280Fees	0.178%Above	93
7	U.S. Bank National AssociationBank	Strong	Strong	Strong	Strong	$1,207Fees	0.013%Above	90
8	Alerus Financial, National AssociationBank	Strong	Sound	Strong	Exceptional	$2,602Fees	0.031%Below	156
9	Bell BankBank	Strong	Acceptable	Exceptional	Exceptional	$3,813Fees	0.111%Above	166
10	GUARANTEED RATE, INC.Independent Mortgage Company	Strong	Sound	Strong	Strong	$2,605Fees	0.214%Above	90
11	Bremer Bank, National AssociationBank	Strong	Sound	Strong	Strong	$3,198Fees	0.187%Above	77
12	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Strong	Strong	$3,473Fees	0.615%Above	61
13	Servion, Inc.Independent Mortgage Company	Strong	Sound	Strong	Strong	$2,445Fees	0.017%Above	45
14	Wells Fargo Bank, National AssociationBank	Strong	Strong	Sound	Sound	$2,760Fees	0.123%Above	36
15	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	$4,125Fees	0.369%Above	120
16	FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	$3,562Fees	0.482%Above	77
17	BAY EQUITY LLCIndependent Mortgage Company	Strong	Sound	Strong	Sound	$3,430Fees	0.375%Above	26
18	GUARANTEED RATE AFFINITY, LLCIndependent Mortgage Company	Strong	Acceptable	Strong	Strong	$2,826Fees	0.279%Above	59
19	Prosperity Home Mortgage, LLCIndependent Mortgage Company	Strong	Acceptable	Strong	Strong	$2,447Fees	0.163%Above	58
20	PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company	Strong	Acceptable	Exceptional	Sound	$2,799Fees	0.437%Above	27
21	AFFINITY PLUSCredit Union	Strong	Sound	Sound	Sound	$2,446Fees	0.160%Below	20
22	MAYO EMPLOYEES FEDERAL CREDIT UNIONCredit Union	Sound	Acceptable	Sound	Strong	$3,812Fees	0.135%Below	46
23	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Sound	Acceptable	Strong	Sound	$3,748Fees	0.456%Above	27
24	Plains Commerce BankBank	Sound	Acceptable	Strong	Sound	$3,137Fees	0.225%Above	24
25	Barrington Bank & Trust Company, National AssociationBank	Sound	Acceptable	Strong	Sound	$2,735Fees	0.563%Above	24
26	NEW AMERICAN FUNDING, LLCIndependent Mortgage Company	Sound	Acceptable	Sound	Sound	$3,423Fees	0.683%Above	26

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 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Place

Local market expertise (33%)

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.