Mortgage Lenders and Brokers in Carlton, 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
Carlton, Minnesota mortgage lenders include Northwoods Credit UnionNorthwoods Credit Union1702 Avenue B, Cloquet, MN 55720A+5.0 ★Texas Ratio: 3.53%, Members Cooperative Credit UnionMembers Cooperative Credit Union108 Minnesota Ave N, Aitkin, MN 56431 1410A5.0 ★Texas Ratio: 10.43%, Frandsen Bank & TrustFrandsen Bank & Trust410 2nd St W, Ada, MN 56510A+5.0 ★Texas Ratio: 5.91%, Northview BankNorthview Bank6340 Merchant St, Askov, MN 55704A+5.0 ★Texas Ratio: 3.46%, North Shore Bank of CommerceNorth Shore Bank of Commerce4801 E Superior St, Duluth, MN 55804A+5.0 ★Texas Ratio: 1.35%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Alerus Financial NAAlerus Financial NA143 W Clark St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 3.32%, FNB Moose LakeFNB Moose Lake20 Hartman Dr, Moose Lake, MN 55767A+5.0 ★Texas Ratio: 0.52%, and Harbor Pointe Credit UnionHarbor Pointe Credit Union11 W 2nd St, Duluth, MN 55802 2014A5.0 ★Texas Ratio: 7.61%. 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 Carlton, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Carlton 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 Carlton, Minnesota
Market share is the lender's share of all home loans closed in Carlton, 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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1702 Avenue B, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 14 | 11.8% | 88.9% | $108,571 | View |
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108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
Conventional, HELOC | 13 +2 HELOCs |
10.9% | 81.2% | $146,538 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 13 | 10.9% | 92.9% | $158,846 | View |
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6340 Merchant St, Askov, MN 55704 A+5.0 ★Texas Ratio: 3.46% |
Conventional | 7 | 5.9% | 87.5% | $167,857 | View |
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4801 E Superior St, Duluth, MN 55804 A+5.0 ★Texas Ratio: 1.35% |
Conventional | 6 | 5% | 100% | $286,666 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 3 +3 HELOCs |
2.5% | 100% | $115,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 2 +1 HELOCs |
1.7% | 100% | $375,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional | 2 | 1.7% | 100% | $205,000 | View |
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20 Hartman Dr, Moose Lake, MN 55767 A+5.0 ★Texas Ratio: 0.52% |
Conventional | 2 | 1.7% | 100% | $360,000 | View |
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11 W 2nd St, Duluth, MN 55802 2014 A5.0 ★Texas Ratio: 7.61% |
Conventional | 2 | 1.7% | 100% | $345,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 2 | 1.7% | 100% | $360,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 1 | 0.8% | 100% | $155,000 | View |
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22 1st St Ne, Bagley, MN 56621 A+5.0 ★Texas Ratio: 5.00% |
Conventional | 1 | 0.8% | 100% | $405,000 | View |
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9741 Lyndale Ave S, Bloomington, MN 55420 A+5.0 ★Texas Ratio: 1.58% |
Conventional | 1 | 0.8% | 100% | $25,000 | View |
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2501 London Rd, Duluth, MN 55812 A+5.0 ★Texas Ratio: 3.95% |
Conventional | 1 | 0.8% | 100% | $145,000 | View |
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102 S Broadway, La Salle, MN 56056 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 1 | 0.8% | 100% | $235,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 1 | 0.8% | 100% | $55,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Servion
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Conventional | 6 | 5% | 100% | $233,333 | |
New American Funding, LLC.
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Conventional, FHA | 4 | 3.4% | 100% | $197,500 | |
Rocket Mortgage
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Conventional | 3 | 2.5% | 100% | $138,333 | |
Pennymac Loan Services LLC
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FHA, VA | 3 | 2.5% | 100% | $265,000 | |
United Wholesale Mortgage
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Conventional, VA | 2 | 1.7% | 75% | $295,000 | |
Compeer Financial
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Conventional | 2 | 1.7% | 100% | $535,000 | |
loanDepot.com LLC
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FHA | 2 | 1.7% | 100% | $235,000 | |
Cardinal Financial Company, Li
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Conventional, FHA | 2 | 1.7% | 100% | $105,000 | |
Mutual of Omaha Mortgage
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Conventional, VA | 2 | 1.7% | 100% | $440,000 | |
Guaranteed Rate, Inc.
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Conventional | 1 | 0.8% | 100% | $415,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 0.8% | 50% | $45,000 | |
Everett Financial, Inc.
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Conventional | 1 | 0.8% | 100% | $325,000 | |
Freedom Mortgage Corporation
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VA | 1 | 0.8% | 100% | $245,000 | |
Newrez LLC
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Conventional | 1 | 0.8% | 100% | $155,000 | |
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A+5.0 ★Texas Ratio: 2.54% |
Conventional | 1 | 0.8% | 100% | $335,000 | View |
Sun West Mortgage Company, Inc
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Conventional | 1 | 0.8% | 100% | $265,000 | |
Servis One, Inc
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VA | 1 | 0.8% | 100% | $265,000 | |
Provident Funding Associates
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Conventional | 1 | 0.8% | 100% | $345,000 | |
Nations Lending Corporation
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Conventional | 1 | 0.8% | 100% | $435,000 | |
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A5.0 ★Texas Ratio: 6.31% |
Conventional | 1 | 0.8% | 100% | $85,000 | View |
Nationstar Mortgage
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Conventional | 1 | 0.8% | 100% | $55,000 | |
Megastar Finanacial Corp
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Conventional | 1 | 0.8% | 100% | $625,000 | |
Superior Choice Credit Union
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Conventional | 1 | 0.8% | 100% | $465,000 | |
Prosperity Home Mortgage, LLC
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VA | 1 | 0.8% | 100% | $455,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional | 1 | 0.8% | 100% | $385,000 | View |
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A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.8% | 100% | $185,000 | View |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.8% | 100% | $375,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.8% | 100% | $155,000 | View |
AmeriChoice Federal Credit Union
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Conventional | 1 | 0.8% | 100% | $125,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional | 1 | 0.8% | 100% | $305,000 | View |
Everence Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Carlton 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 Carlton, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Carlton? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Carlton in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Carlton, MN
Use these to narrow the list above. Each category shows how many Carlton, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Carlton, MN
Independent mortgage companies closed 32.8 percent of home loans in Carlton, Minnesota in 2025, banks 34.5 percent and credit unions 32.8 percent. Servion was the largest mortgage company, Frandsen Bank & Trust the largest bank and Northwoods Credit Union the largest credit union. Among lenders headquartered in Minnesota, Northwoods Credit Union 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 Carlton, MN
By home loans closed in 2025, Northwoods Credit Union was the largest mortgage lender in Carlton, Minnesota with 14 loans, about 11.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
4 lenders closed FHA loans in Carlton, Minnesota in 2025, led by New American Funding, LLC. with 2. 7 lenders closed VA loans, led by Pennymac Loan Services LLC. 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. 14 banks and 13 credit unions closed home loans in Carlton, Minnesota in 2025, alongside 22 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 Carlton, 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 Carlton, 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 Carlton. 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.
