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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 Conventional Mortgage Bank Lenders in Rochester
Updated February 5, 2026
Market Overview
16
Total Lenders
2,266
Total Loans
0.21%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Product | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|---|
1 | Associated Bank, National Association | Exceptional | Exceptional | Exceptional | Strong | Sound | $1,117 | -0.163% | 22 | |
2 | Think Mutual Bank | Exceptional | Strong | Strong | Strong | Exceptional | $1,869 | -0.128% | 229 | |
3 | U.S. Bank National Association | Exceptional | Strong | Exceptional | Strong | Strong | $1,207 | +0.013% | 90 | |
4 | Merchants Bank, National Association | Exceptional | Strong | Strong | Strong | Exceptional | $2,363 | -0.115% | 87 | |
5 | The Huntington National Bank | Exceptional | Strong | Exceptional | Strong | Sound | $1,334 | +0.548% | 11 | |
6 | Alerus Financial, National Association | Strong | Sound | Strong | Strong | Exceptional | $2,602 | -0.031% | 156 | |
7 | First Federal Bank | Strong | Strong | Strong | Sound | Strong | $2,452 | -0.208% | 78 | |
8 | Wells Fargo Bank, National Association | Strong | Strong | Exceptional | Sound | Sound | $2,760 | +0.123% | 36 | |
9 | Bell Bank | Strong | Acceptable | Exceptional | Strong | Exceptional | $3,813 | +0.111% | 166 | |
10 | Bremer Bank, National Association | Strong | Sound | Strong | Strong | Strong | $3,198 | +0.187% | 77 | |
11 | Barrington Bank & Trust Company, National Association | Strong | Sound | Exceptional | Strong | Sound | $2,735 | +0.563% | 24 | |
12 | JPMorgan Chase Bank, National Association | Strong | Sound | Exceptional | Strong | Sound | $3,872 | -0.177% | 12 | |
13 | Minnwest Bank | Strong | Strong | Sound | Sound | Sound | $2,376 | -0.404% | 17 | |
14 | Frandsen Bank & Trust | Strong | Sound | Strong | Strong | Sound | $2,441 | +0.265% | 14 | |
15 | Plains Commerce Bank | Strong | Acceptable | Exceptional | Strong | Sound | $3,137 | +0.225% | 24 | |
16 | WNB FINANCIAL, N.A. | Strong | Sound | Sound | Strong | Sound | $1,676 | +0.038% | 16 |
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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Rochester, MNConventional
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