Mortgage Lenders and Brokers in Baxter, 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
Baxter, Minnesota mortgage lenders include First Western Bank & TrustFirst Western Bank & Trust14084 Baxter Dr, Baxter, MN 56425A-5.0 ★Texas Ratio: 15.55%, Old National BankOld National Bank7558 Design Rd, Baxter, MN 56425A+5.0 ★Texas Ratio: 4.98%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Deerwood BankDeerwood Bank14986 Lynwood Dr, Baxter, MN 56425A+5.0 ★Texas Ratio: 4.01%, National Bank of CommerceNational Bank of Commerce14540 Dellwood Dr, Baxter, MN 56425A+5.0 ★Texas Ratio: 5.00%, Frandsen Bank & TrustFrandsen Bank & Trust7429 Excelsior Rd, Baxter, MN 56425A+5.0 ★Texas Ratio: 5.91%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union15524 EDGEWOOD DR, BAXTER, MN 56401 6952A+5.0 ★Texas Ratio: 4.41%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, and Luminate Home Loans, Inc.Luminate Home Loans, Inc.208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%. 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 Baxter, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Baxter 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 Baxter, Minnesota
Market share is the lender's share of all home loans closed in Baxter, 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 Baxter 14084 Baxter Dr, Baxter, MN 56425 A-5.0 ★Texas Ratio: 15.55% |
Conventional, VA | 6 | 4.3% | 100% | $228,333 | View |
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1 office in Baxter 7558 Design Rd, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 5 +3 HELOCs |
3.6% | 100% | $245,000 | View |
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1 office in Baxter 1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 2 | 1.4% | 100% | $375,000 | View |
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1 office in Baxter 14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
Conventional, HELOC | 1 +7 HELOCs |
0.7% | 100% | $225,000 | View |
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1 office in Baxter 14540 Dellwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 5.00% |
Conventional | 1 | 0.7% | 50% | $135,000 | View |
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1 office in Baxter 7429 Excelsior Rd, Baxter, MN 56425 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 1 | 0.7% | 50% | $455,000 | View |
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15524 EDGEWOOD DR, BAXTER, MN 56401 6952 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 11 +2 HELOCs |
7.9% | 100% | $109,545 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional, FHA, VA | 11 | 7.9% | 100% | $288,636 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 4 +4 HELOCs |
2.9% | 100% | $285,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA | 4 | 2.9% | 100% | $152,500 | View |
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7422 Forthun Rd, Baxter, MN 56425 |
Conventional, HELOC | 3 +1 HELOCs |
2.2% | 100% | $278,333 | View |
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7638 Woida Rd, Baxter, MN 56425 A5.0 ★Texas Ratio: 8.08% |
Conventional | 3 | 2.2% | 100% | $335,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, USDA | 2 | 1.4% | 100% | $285,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 2 | 1.4% | 100% | $335,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 1 +2 HELOCs |
0.7% | 100% | $125,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.7% | 100% | $205,000 | View |
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311 10th Ave S, Buffalo, MN 55313 A+5.0 ★Texas Ratio: 3.09% |
Conventional | 1 | 0.7% | 100% | $375,000 | View |
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641 Railroad Ave, Albany, MN 56307 A+5.0 ★Texas Ratio: 1.40% |
Conventional | 1 | 0.7% | 100% | $555,000 | View |
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14633 Edgewood Dr, Baxter, MN 56425 8457 A5.0 ★Texas Ratio: 10.43% |
Conventional | 1 | 0.7% | 100% | $335,000 | View |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional | 1 | 0.7% | 100% | $755,000 | View |
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102 S Broadway, La Salle, MN 56056 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 1 | 0.7% | 100% | $235,000 | View |
Servion
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Conventional, FHA | 2 | 1.4% | 100% | $300,000 | |
Tradition Mortgage, LLC
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Conventional | 1 | 0.7% | 100% | $295,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 10 | 7.2% | 76.9% | $187,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 6 | 4.3% | 100% | $326,666 | |
Prosperity Home Mortgage, LLC
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Conventional, VA | 6 | 4.3% | 100% | $240,000 | |
Freedom Mortgage Corporation
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FHA, VA | 5 | 3.6% | 100% | $277,000 | |
Everett Financial, Inc.
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Conventional, FHA | 4 | 2.9% | 100% | $177,500 | |
Fairway Independent Mort Corp
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Conventional, FHA, VA | 4 | 2.9% | 100% | $355,000 | |
Iowa Bankers Mortgage Corporation
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Conventional | 3 | 2.2% | 100% | $231,666 | |
Plaza Home Mortgage, Inc
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Conventional, VA | 3 | 2.2% | 100% | $381,666 | |
Pennymac Loan Services LLC
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Conventional, VA | 2 | 1.4% | 50% | $325,000 | |
Union Home Mortgage Corp.
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Conventional | 2 | 1.4% | 100% | $310,000 | |
American Pacific Mortgage Corporation
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FHA, USDA | 2 | 1.4% | 100% | $255,000 | |
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A-4.8 ★Texas Ratio: 12.33% |
Conventional | 2 | 1.4% | 100% | $370,000 | View |
Mortgage Research Center
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VA | 2 | 1.4% | 66.7% | $410,000 | |
New American Funding, LLC.
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Conventional | 2 | 1.4% | 100% | $320,000 | |
First International Bank & Trust
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Conventional, HELOC | 1 +1 HELOCs |
0.7% | 100% | $215,000 | |
Navy Federal Credit Union
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Conventional, HELOC | 1 +1 HELOCs |
0.7% | 100% | $345,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.7% | 100% | $395,000 | View |
Guaranteed Rate, Inc.
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Conventional | 1 | 0.7% | 100% | $265,000 | |
Gold Star Mortgage Financial Group, Corporation
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VA | 1 | 0.7% | 100% | $315,000 | |
AdvantageFirst Lending Inc
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Conventional | 1 | 0.7% | 100% | $415,000 | |
First State Mortgage Services
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Conventional | 1 | 0.7% | 100% | $225,000 | |
Gate City Bank
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Conventional | 1 | 0.7% | 100% | $325,000 | |
New Day Financial, LLC.
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VA | 1 | 0.7% | 100% | $315,000 | |
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A5.0 ★Texas Ratio: 6.31% |
Conventional | 1 | 0.7% | 100% | $305,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.7% | 100% | $365,000 | View |
RoundPoint Mortgage Servicing LLC
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Conventional | 1 | 0.7% | 100% | $205,000 | |
The Loan Store, Inc
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Conventional | 1 | 0.7% | 100% | $705,000 | |
Mld Mortgage, Inc.Dba the Money Store
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Conventional | 1 | 0.7% | 100% | $265,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.7% | 100% | $425,000 | View |
Nexera Holding LLC
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Conventional | 1 | 0.7% | 100% | $195,000 | |
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A5.0 ★Texas Ratio: 9.09% |
FHA | 1 | 0.7% | 100% | $295,000 | View |
Mason-McDuffie Mortgage Corporation
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Conventional | 1 | 0.7% | 100% | $285,000 | |
Leaderone Financial Corp.
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Conventional | 1 | 0.7% | 100% | $35,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional | 1 | 0.7% | 100% | $215,000 | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a |
Baxter 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 Baxter, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Baxter? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Baxter in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Baxter, MN
Use these to narrow the list above. Each category shows how many Baxter, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Baxter, MN
Independent mortgage companies closed 50.4 percent of home loans in Baxter, Minnesota in 2025, banks 36 percent and credit unions 13.7 percent. Luminate Home Loans, Inc. was the largest mortgage company, First Western Bank & Trust the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Deerwood Bank led with 1 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 Baxter, MN
By home loans closed in 2025, First Western Bank & Trust was the largest mortgage lender in Baxter, Minnesota with 6 loans, about 4.3 percent of the market. The largest lender headquartered in Minnesota was Deerwood Bank with 1 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
10 lenders closed FHA loans in Baxter, Minnesota in 2025, led by Freedom Mortgage Corporation with 4. 13 lenders closed VA loans, led by United Wholesale Mortgage, and 2 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. 22 banks and 7 credit unions closed home loans in Baxter, Minnesota in 2025, alongside 29 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 Baxter, 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 Baxter, 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 Baxter. 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.
