Mortgage Lenders and Brokers in Albert Lea, Minnesota
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Albert Lea, Minnesota mortgage lenders include Alerus Financial NAAlerus Financial NA143 W Clark St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 3.32%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%, Citizens Community Federal N.A.Citizens Community Federal N.A.2630 Bridge Ave, Albert Lea, MN 56007A5.0 ★Texas Ratio: 12.61%, Manufacturers Bank & Trust CoManufacturers Bank & Trust Co607 N Main St, Austin, MN 55912A+5.0 ★Texas Ratio: 5.80%, First Security BankFirst Security Bank316 Byron Ave N, Byron, MN 55920C3.9 ★Texas Ratio: 28.08%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, and Huntington National BankHuntington National Bank405 E Main St, Anoka, MN 55303A+5.0 ★Texas Ratio: 3.66%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Albert Lea, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Albert Lea are listed first, then lenders elsewhere in Minnesota, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Albert Lea, Minnesota
Market share is the lender's share of all home loans closed in Albert Lea, Minnesota. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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1 office in Albert Lea 143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, FHA, HELOC | 29 +13 HELOCs |
8.8% | 94.3% | $144,310 | View |
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1 office in Albert Lea 331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 10 +5 HELOCs |
3% | 55.6% | $156,000 | View |
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1 office in Albert Lea 122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional, FHA, VA | 7 | 2.1% | 87.5% | $125,000 | View |
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1 office in Albert Lea 2630 Bridge Ave, Albert Lea, MN 56007 A5.0 ★Texas Ratio: 12.61% |
Conventional | 5 | 1.5% | 83.3% | $135,000 | View |
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607 N Main St, Austin, MN 55912 A+5.0 ★Texas Ratio: 5.80% |
Conventional | 12 | 3.7% | 100% | $90,833 | View |
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316 Byron Ave N, Byron, MN 55920 C3.9 ★Texas Ratio: 28.08% |
Conventional | 4 | 1.2% | 100% | $80,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional | 4 | 1.2% | 66.7% | $130,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA | 3 | 0.9% | 100% | $105,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 2 +2 HELOCs |
0.6% | 100% | $195,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 2 | 0.6% | 100% | $195,000 | View |
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14800 Galaxie Ave Ste 105, Apple Valley, MN 55124 C+4.1 ★Texas Ratio: 25.60% |
Conventional, FHA | 2 | 0.6% | 100% | $90,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.3% | 100% | $135,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
FHA | 1 | 0.3% | 100% | $535,000 | View |
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7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
Conventional | 1 | 0.3% | 100% | $455,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional | 1 | 0.3% | 100% | $95,000 | View |
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6340 Merchant St, Askov, MN 55704 A+5.0 ★Texas Ratio: 3.46% |
Conventional | 1 | 0.3% | 100% | $65,000 | View |
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1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12% |
Conventional | 1 | 0.3% | 100% | $485,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional | 1 | 0.3% | 100% | $215,000 | View |
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1600 Monroe Drive, Carver, MN 55315 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 1 | 0.3% | 100% | $75,000 | View |
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101 Old Town Rd, Elko New Market, MN 55054 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.3% | 100% | $295,000 | View |
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7831 E Bush Lake Rd, Edina, MN 55439 A+5.0 ★Texas Ratio: 3.43% |
Conventional | 1 | 0.3% | 100% | $75,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 1 | 0.3% | 100% | $145,000 | View |
Bremer Bank NA
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Conventional | 2 | 0.6% | 100% | $95,000 | |
Cambria Financial Group
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FHA | 2 | 0.6% | 66.7% | $160,000 | |
Union Home Mortgage Corp.
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Conventional, FHA, VA, USDA | 48 | 14.6% | 100% | $156,250 | |
Fairway Independent Mort Corp
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Conventional, FHA | 32 | 9.8% | 94.1% | $125,625 | |
Rocket Mortgage
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Conventional, FHA, VA | 24 | 7.3% | 70.6% | $181,250 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 17 | 5.2% | 75% | $199,705 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 12 | 3.7% | 92.3% | $144,166 | |
Mortgage Research Center
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Conventional, VA | 7 | 2.1% | 77.8% | $157,857 | |
Altra Federal Credit Union
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Conventional, HELOC | 5 +1 HELOCs |
1.5% | 100% | $65,000 | |
loanDepot.com LLC
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Conventional, FHA | 5 | 1.5% | 55.6% | $137,000 | |
Guaranteed Rate, Inc.
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Conventional, USDA | 4 | 1.2% | 100% | $135,000 | |
Compeer Financial
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Conventional | 4 | 1.2% | 100% | $175,000 | |
Movement Mortgage, LLC
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Conventional, FHA | 4 | 1.2% | 71.4% | $250,000 | |
Pennymac Loan Services LLC
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Conventional, FHA | 4 | 1.2% | 80% | $137,500 | |
Land Home Financial Services,
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Conventional | 4 | 1.2% | 100% | $237,500 | |
Nationstar Mortgage
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Conventional | 4 | 1.2% | 100% | $205,000 | |
21St Mortgage
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Conventional | 4 | 1.2% | 44.4% | $42,500 | |
Primary Residential Mortgage, INC.
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Conventional, FHA, USDA | 3 | 0.9% | 100% | $138,333 | |
Freedom Mortgage Corporation
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FHA, VA | 3 | 0.9% | 75% | $101,666 | |
Newrez LLC
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Conventional, VA | 3 | 0.9% | 50% | $361,666 | |
New American Funding, LLC.
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Conventional, FHA | 3 | 0.9% | 75% | $115,000 | |
Better Mortgage Corporation
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Conventional, FHA, HELOC | 2 +1 HELOCs |
0.6% | 100% | $200,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 2 | 0.6% | 100% | $90,000 | View |
Amerisave Mortgage Company
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Conventional, VA | 2 | 0.6% | 33.3% | $170,000 | |
American Financing Corporation
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Conventional, FHA | 2 | 0.6% | 40% | $80,000 | |
Prosperity Home Mortgage, LLC
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FHA | 2 | 0.6% | 100% | $255,000 | |
The Loan Store, Inc
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Conventional | 2 | 0.6% | 100% | $90,000 | |
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C+4.1 ★Texas Ratio: 26.29% |
Conventional | 2 | 0.6% | 50% | $40,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA | 2 | 0.6% | 100% | $130,000 | View |
Mason-McDuffie Mortgage Corporation
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Conventional | 2 | 0.6% | 100% | $180,000 | |
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C3.9 ★Texas Ratio: 27.97% |
Conventional, HELOC | 1 +2 HELOCs |
0.3% | 100% | $55,000 | View |
Guaranteed Rate Affinity, LLC
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Conventional | 1 | 0.3% | 100% | $285,000 | |
American Financial Resources LLC
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FHA | 1 | 0.3% | 100% | $195,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 0.3% | 100% | $85,000 | |
Lakeview Loan Servicing, LLC
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Conventional | 1 | 0.3% | 50% | $165,000 | |
Equity Prime Mortgage LLC
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FHA | 1 | 0.3% | 33.3% | $175,000 | |
Guild Mortgage Company
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FHA | 1 | 0.3% | 100% | $245,000 | |
American Financial Network, Inc.
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FHA | 1 | 0.3% | 100% | $165,000 | |
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A+5.0 ★Texas Ratio: 5.44% |
Conventional | 1 | 0.3% | 100% | $105,000 | View |
Sun West Mortgage Company, Inc
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FHA | 1 | 0.3% | 100% | $195,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.3% | 100% | $235,000 | View |
Click n' Close, Inc.
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Conventional | 1 | 0.3% | 100% | $175,000 | |
New Day Financial, LLC.
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VA | 1 | 0.3% | 100% | $155,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.3% | 100% | $335,000 | View |
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A+5.0 ★Texas Ratio: 3.62% |
Conventional | 1 | 0.3% | 100% | $165,000 | View |
Churchill Mortgage Corporation
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FHA | 1 | 0.3% | 100% | $95,000 | |
Iowa Bankers Mortgage Corporation
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VA | 1 | 0.3% | 100% | $215,000 | |
Towne Mortgage Company
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FHA | 1 | 0.3% | 100% | $105,000 | |
Zillow Home Loans, LLC
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Conventional | 1 | 0.3% | 100% | $155,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 0.3% | 50% | $755,000 | |
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A+5.0 ★Texas Ratio: 3.22% |
Conventional | 1 | 0.3% | 100% | $695,000 | View |
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A5.0 ★Texas Ratio: 8.25% |
Conventional | 1 | 0.3% | 100% | $415,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.3% | 100% | $65,000 | View |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.3% | 100% | $65,000 | |
Spring Eq, LLC
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Conventional | 1 | 0.3% | 100% | $25,000 | |
Pentagon Federal Credit Union
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HELOC | 0 +2 HELOCs |
0% | 0% | ||
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Fourleaf Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Albert Lea Mortgage Rate Trends
Daily average mortgage rates for Minnesota compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Albert Lea, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Albert Lea? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Albert Lea in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Albert Lea, MN
Use these to narrow the list above. Each category shows how many Albert Lea, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Albert Lea, MN
Independent mortgage companies closed 66.5 percent of home loans in Albert Lea, Minnesota in 2025, banks 29.9 percent and credit unions 3.7 percent. Cambria Financial Group was the largest mortgage company, Alerus Financial NA the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Wells Fargo Bank NA led with 7 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Title or escrow companies usually handle closings in Minnesota. State deed tax of 0.33 percent of the price (seller pays) and a mortgage registry tax of 0.23 percent of the mortgage amount (borrower pays); Hennepin and Ramsey counties add 0.01 percent to each through 2027.
More Minnesota Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Albert Lea, MN
By home loans closed in 2025, Alerus Financial NA was the largest mortgage lender in Albert Lea, Minnesota with 29 loans, about 8.8 percent of the market. The largest lender headquartered in Minnesota was Wells Fargo Bank NA with 7 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
28 lenders closed FHA loans in Albert Lea, Minnesota in 2025, led by Union Home Mortgage Corp. with 20. 12 lenders closed VA loans, led by Union Home Mortgage Corp., and 3 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 30 banks and 7 credit unions closed home loans in Albert Lea, Minnesota in 2025, alongside 43 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Albert Lea, Minnesota during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Albert Lea, Minnesota for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Albert Lea. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
