Mortgage Lenders and Brokers in Brainerd, 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
Brainerd, Minnesota mortgage lenders include Deerwood BankDeerwood Bank611 Washington St Ne, Brainerd, MN 56401A+5.0 ★Texas Ratio: 4.01%, American National Bank of MinnesotaAmerican National Bank of Minnesota1920 S 6th St, Brainerd, MN 56401A5.0 ★Texas Ratio: 8.08%, US Bank, N.A.US Bank, N.A.320 S 6th St, Brainerd, MN 56401A+5.0 ★Texas Ratio: 2.85%, Old National BankOld National Bank321 S 7th St, Brainerd, MN 56401A+5.0 ★Texas Ratio: 4.98%, Wells Fargo Bank NAWells Fargo Bank NA424 W Washington St, Brainerd, MN 56401A+5.0 ★Texas Ratio: 5.36%, Neighborhood National BankNeighborhood National Bank601 W Washington St, Brainerd, MN 56401B4.5 ★Texas Ratio: 21.20%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, First Western Bank & TrustFirst Western Bank & Trust3313 Highway 29 S, Alexandria, MN 56308A-5.0 ★Texas Ratio: 15.55%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, and National Bank of CommerceNational Bank of Commerce22 1st St Ne, Bagley, MN 56621A+5.0 ★Texas Ratio: 5.00%. 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 Brainerd, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Brainerd 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 Brainerd, Minnesota
Market share is the lender's share of all home loans closed in Brainerd, 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 Brainerd 611 Washington St Ne, Brainerd, MN 56401 A+5.0 ★Texas Ratio: 4.01% |
Conventional, HELOC | 14 +14 HELOCs |
4.1% | 87.5% | $188,571 | View |
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1920 S 6th St, Brainerd, MN 56401 A5.0 ★Texas Ratio: 8.08% |
Conventional | 10 | 2.9% | 100% | $259,000 | View |
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1 office in Brainerd 320 S 6th St, Brainerd, MN 56401 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 9 +4 HELOCs |
2.6% | 64.3% | $179,444 | View |
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1 office in Brainerd 321 S 7th St, Brainerd, MN 56401 A+5.0 ★Texas Ratio: 4.98% |
Conventional, Jumbo, HELOC | 4 +3 HELOCs |
1.2% | 100% | $472,500 | View |
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1 office in Brainerd 424 W Washington St, Brainerd, MN 56401 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 4 | 1.2% | 100% | $277,500 | View |
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1 office in Brainerd 601 W Washington St, Brainerd, MN 56401 B4.5 ★Texas Ratio: 21.20% |
Conventional | 2 | 0.6% | 100% | $225,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional, FHA, VA | 29 | 8.5% | 100% | $181,206 | View |
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3313 Highway 29 S, Alexandria, MN 56308 A-5.0 ★Texas Ratio: 15.55% |
Conventional, FHA, USDA | 25 | 7.3% | 86.2% | $175,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 23 +7 HELOCs |
6.7% | 85.2% | $126,739 | View |
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22 1st St Ne, Bagley, MN 56621 A+5.0 ★Texas Ratio: 5.00% |
Conventional, Jumbo | 9 | 2.6% | 100% | $355,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, USDA | 7 | 2% | 100% | $180,714 | View |
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524 S 6th St, Brainerd, MN 56401 |
Conventional, HELOC | 4 +4 HELOCs |
1.2% | 80% | $302,500 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 4 +1 HELOCs |
1.2% | 100% | $307,500 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 4 | 1.2% | 80% | $250,000 | View |
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108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
Conventional, HELOC | 3 +4 HELOCs |
0.9% | 75% | $165,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 2 +1 HELOCs |
0.6% | 100% | $115,000 | View |
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730 Humboldt Dr, Big Lake, MN 55309 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 2 | 0.6% | 100% | $225,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 1 +1 HELOCs |
0.3% | 50% | $145,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.3% | 100% | $155,000 | View |
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406 E Poplar St, Belle Plaine, MN 56011 A5.0 ★Texas Ratio: 6.12% |
Conventional | 1 | 0.3% | 100% | $225,000 | View |
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110 Meeker Ave W, Eden Valley, MN 55329 A5.0 ★Texas Ratio: 9.66% |
Conventional | 1 | 0.3% | 100% | $25,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.3% | 100% | $315,000 | View |
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6340 Merchant St, Askov, MN 55704 A+5.0 ★Texas Ratio: 3.46% |
Conventional | 1 | 0.3% | 100% | $565,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional | 1 | 0.3% | 100% | $105,000 | View |
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7641 Lake Dr, Lino Lakes, MN 55014 A5.0 ★Texas Ratio: 9.19% |
Conventional | 1 | 0.3% | 100% | $75,000 | View |
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12500 Sherburne Avenue, Becker, MN 55308 A+5.0 ★Texas Ratio: 0.20% |
Conventional | 1 | 0.3% | 100% | $605,000 | View |
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215 Front Street South, Barnesville, MN 56514 A+5.0 ★Texas Ratio: 0.44% |
Conventional | 1 | 0.3% | 100% | $255,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 0.3% | 100% | $165,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
FHA | 1 | 0.3% | 100% | $175,000 | View |
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11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 0.3% | 100% | $125,000 | View |
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★ 5 stars, 1 review 5941 94th Ave N, Brooklyn Park, MN 55443 A+5.0 ★Texas Ratio: 1.52% |
Conventional | 1 | 0.3% | 100% | $105,000 | View |
Servion
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Conventional, FHA, VA | 10 | 2.9% | 100% | $217,000 | |
Summit Mortgage Corporation
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Conventional | 4 | 1.2% | 100% | $102,500 | |
Bremer Bank NA
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Conventional | 3 | 0.9% | 100% | $228,333 | |
Tradition Mortgage, LLC
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Conventional, FHA | 3 | 0.9% | 100% | $275,000 | |
Cambria Financial Group
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Conventional | 1 | 0.3% | 100% | $195,000 | |
Rocket Mortgage
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Conventional, FHA | 16 | 4.7% | 77.3% | $159,375 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, VA | 15 | 4.4% | 100% | $198,333 | |
Plaza Home Mortgage, Inc
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Conventional, FHA, VA, USDA | 11 | 3.2% | 92.3% | $217,727 | |
United Wholesale Mortgage
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Conventional, FHA, VA, HELOC | 10 +2 HELOCs |
2.9% | 83.3% | $327,000 | |
Mortgage Research Center
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VA | 8 | 2.3% | 80% | $232,500 | |
New American Funding, LLC.
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Conventional, FHA | 8 | 2.3% | 88.9% | $166,250 | |
Nationstar Mortgage
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Conventional, FHA | 6 | 1.8% | 100% | $151,666 | |
Freedom Mortgage Corporation
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Conventional, FHA, VA | 5 | 1.5% | 83.3% | $227,000 | |
Primelending
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Conventional, FHA, USDA | 5 | 1.5% | 100% | $159,000 | |
Fairway Independent Mort Corp
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FHA, VA, USDA | 5 | 1.5% | 100% | $303,000 | |
21St Mortgage
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Conventional | 5 | 1.5% | 24% | $79,000 | |
Guaranteed Rate, Inc.
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Conventional, FHA | 4 | 1.2% | 80% | $162,500 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 4 | 1.2% | 100% | $282,500 | |
loanDepot.com LLC
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Conventional, FHA | 4 | 1.2% | 83.3% | $125,000 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 4 | 1.2% | 100% | $317,500 | |
Newrez LLC
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Conventional, USDA | 3 | 0.9% | 60% | $121,666 | |
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D3.3 ★Texas Ratio: 35.11% |
Conventional | 3 | 0.9% | 60% | $205,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA | 3 | 0.9% | 100% | $181,666 | View |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 2 | 0.6% | 100% | $240,000 | View |
SWBC Mortgage Corporation
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FHA | 2 | 0.6% | 100% | $250,000 | |
Everett Financial, Inc.
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Conventional, VA | 2 | 0.6% | 66.7% | $240,000 | |
Homeowners Financial Group, LLC
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Conventional, FHA | 2 | 0.6% | 100% | $470,000 | |
Mortgage Solutions of Colorado
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FHA, VA | 2 | 0.6% | 100% | $195,000 | |
Sage Home Loans Corporation
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Conventional | 1 | 0.3% | 100% | $305,000 | |
Brighton Bank
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VA | 1 | 0.3% | 100% | $355,000 | |
Equity Prime Mortgage LLC
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VA | 1 | 0.3% | 100% | $215,000 | |
Amerisave Mortgage Company
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Conventional | 1 | 0.3% | 33.3% | $95,000 | |
Synergy One Lending, Inc.
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Conventional | 1 | 0.3% | 100% | $245,000 | |
Guild Mortgage Company
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Conventional | 1 | 0.3% | 100% | $265,000 | |
Cmg Mortgage Inc
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Conventional | 1 | 0.3% | 100% | $235,000 | |
HomeBridge Financial Services, Inc
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FHA | 1 | 0.3% | 50% | $215,000 | |
Discover Bank
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Conventional | 1 | 0.3% | 33.3% | $55,000 | |
New Day Financial, LLC.
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VA | 1 | 0.3% | 50% | $235,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.3% | 100% | $315,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
VA | 1 | 0.3% | 100% | $415,000 | View |
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A-4.8 ★Texas Ratio: 12.33% |
Conventional | 1 | 0.3% | 100% | $155,000 | View |
Better Mortgage Corporation
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Conventional | 1 | 0.3% | 100% | $135,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 0.3% | 100% | $165,000 | |
Lower, LLC
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Conventional | 1 | 0.3% | 100% | $295,000 | |
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C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 0.3% | 16.7% | $85,000 | View |
Navy Federal Credit Union
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VA | 1 | 0.3% | 33.3% | $355,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.3% | 100% | $195,000 | View |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.3% | 100% | $75,000 | |
Mason-McDuffie Mortgage Corporation
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FHA | 1 | 0.3% | 100% | $315,000 | |
Spring Eq, LLC
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Conventional | 1 | 0.3% | 25% | $35,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional | 1 | 0.3% | 33.3% | $165,000 | View |
Brainerd 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 Brainerd, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Brainerd? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Brainerd in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Brainerd, MN
Use these to narrow the list above. Each category shows how many Brainerd, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Brainerd, MN
Independent mortgage companies closed 44.2 percent of home loans in Brainerd, Minnesota in 2025, banks 45.6 percent and credit unions 10.2 percent. Luminate Home Loans, Inc. was the largest mortgage company, Deerwood Bank the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Deerwood Bank led with 14 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 Brainerd, MN
By home loans closed in 2025, Deerwood Bank was the largest mortgage lender in Brainerd, Minnesota with 14 loans, about 4.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
24 lenders closed FHA loans in Brainerd, Minnesota in 2025, led by Granite Bank with 7. 18 lenders closed VA loans, led by Mortgage Research Center, and 6 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. 36 banks and 7 credit unions closed home loans in Brainerd, Minnesota in 2025, alongside 39 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 Brainerd, 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 Brainerd, 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 Brainerd. 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.
