Safe Rate Rankings

Best Conventional Mortgage Bank 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 Lenders16

Total Loans2,266

Median Rate Spread0.21%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Associated Bank, National AssociationBank	Exceptional	Exceptional	Exceptional	Strong	Sound	$1,117Fees	0.163%Below	22
2	Think Mutual BankBank	Exceptional	Strong	Strong	Strong	Exceptional	$1,869Fees	0.128%Below	229
3	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$1,207Fees	0.013%Above	90
4	Merchants Bank, National AssociationBank	Exceptional	Strong	Strong	Strong	Exceptional	$2,363Fees	0.115%Below	87
5	The Huntington National BankBank	Exceptional	Strong	Exceptional	Strong	Sound	$1,334Fees	0.548%Above	11
6	Alerus Financial, National AssociationBank	Strong	Sound	Strong	Strong	Exceptional	$2,602Fees	0.031%Below	156
7	First Federal BankBank	Strong	Strong	Strong	Sound	Strong	$2,452Fees	0.208%Below	78
8	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,760Fees	0.123%Above	36
9	Bell BankBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,813Fees	0.111%Above	166
10	Bremer Bank, National AssociationBank	Strong	Sound	Strong	Strong	Strong	$3,198Fees	0.187%Above	77
11	Barrington Bank & Trust Company, National AssociationBank	Strong	Sound	Exceptional	Strong	Sound	$2,735Fees	0.563%Above	24
12	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Sound	$3,872Fees	0.177%Below	12
13	Minnwest BankBank	Strong	Strong	Sound	Sound	Sound	$2,376Fees	0.404%Below	17
14	Frandsen Bank & TrustBank	Strong	Sound	Strong	Strong	Sound	$2,441Fees	0.265%Above	14
15	Plains Commerce BankBank	Strong	Acceptable	Exceptional	Strong	Sound	$3,137Fees	0.225%Above	24
16	WNB FINANCIAL, N.A.Bank	Strong	Sound	Sound	Strong	Sound	$1,676Fees	0.038%Above	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)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

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.