Mortgage Lenders and Brokers in Clearwater, 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
Clearwater, Minnesota mortgage lenders include Lake Central BankLake Central Bank700 State Highway 24 North, Clearwater, MN 55320A+5.0 ★Texas Ratio: 0.26%, American Heritage National BankAmerican Heritage National Bank800 Nelson Dr, Clearwater, MN 55320A+5.0 ★Texas Ratio: 0.00%, St. Cloud Financial Credit UnionSt. Cloud Financial Credit Union5600 La Centre Ave Ste 100, Albertville, MN 55301 4018A+5.0 ★Texas Ratio: 3.54%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Cortrust BankCortrust Bank2850 Cutters Grove Ave, Anoka, MN 55303A+5.0 ★Texas Ratio: 5.11%, Sherburne State BankSherburne State Bank12500 Sherburne Avenue, Becker, MN 55308A+5.0 ★Texas Ratio: 0.20%, Liberty Bank MinnesotaLiberty Bank Minnesota730 Humboldt Dr, Big Lake, MN 55309A+5.0 ★Texas Ratio: 0.00%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, and Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%. 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 Clearwater, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Clearwater 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 Clearwater, Minnesota
Market share is the lender's share of all home loans closed in Clearwater, 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 Clearwater 700 State Highway 24 North, Clearwater, MN 55320 A+5.0 ★Texas Ratio: 0.26% |
Conventional, Jumbo | 8 | 5.9% | 100% | $423,750 | View |
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1 office in Clearwater 800 Nelson Dr, Clearwater, MN 55320 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.7% | 100% | $495,000 | View |
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5600 La Centre Ave Ste 100, Albertville, MN 55301 4018 A+5.0 ★Texas Ratio: 3.54% |
Conventional | 8 | 5.9% | 100% | $97,500 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 5 +2 HELOCs |
3.7% | 100% | $149,000 | View |
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2850 Cutters Grove Ave, Anoka, MN 55303 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 5 | 3.7% | 100% | $161,000 | View |
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12500 Sherburne Avenue, Becker, MN 55308 A+5.0 ★Texas Ratio: 0.20% |
Conventional | 4 | 2.9% | 100% | $380,000 | View |
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730 Humboldt Dr, Big Lake, MN 55309 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 4 | 2.9% | 100% | $382,500 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 3 +7 HELOCs |
2.2% | 100% | $268,333 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional, FHA, USDA | 3 | 2.2% | 100% | $288,333 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 3 | 2.2% | 100% | $205,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional, Jumbo, HELOC | 2 +3 HELOCs |
1.5% | 100% | $760,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 2 +3 HELOCs |
1.5% | 100% | $210,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 2 +1 HELOCs |
1.5% | 66.7% | $115,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 2 | 1.5% | 100% | $380,000 | View |
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641 Railroad Ave, Albany, MN 56307 A+5.0 ★Texas Ratio: 1.40% |
Conventional | 1 | 0.7% | 100% | $305,000 | View |
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14800 Galaxie Ave Ste 105, Apple Valley, MN 55124 C+4.1 ★Texas Ratio: 25.60% |
Conventional | 1 | 0.7% | 100% | $185,000 | View |
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6545 France Ave S Ste 130, Edina, MN 55435 A+5.0 ★Texas Ratio: 1.55% |
Conventional | 1 | 0.7% | 100% | $285,000 | View |
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37470 1st Avenue Ct, Dennison, MN 55018 A-4.4 ★Texas Ratio: 8.07% |
Conventional | 1 | 0.7% | 100% | $145,000 | View |
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321 Washburn Ave, Belgrade, MN 56312 A+5.0 ★Texas Ratio: 4.45% |
Conventional | 1 | 0.7% | 100% | $185,000 | View |
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4350 8th St N, Saint Cloud, MN 56303 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.7% | 100% | $185,000 | View |
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460 Elm Street E, Annandale, MN 55302 B+4.7 ★Texas Ratio: 18.21% |
Conventional | 1 | 0.7% | 100% | $15,000 | 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 | |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Bremer Bank NA
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Conventional, HELOC | 1 +1 HELOCs |
0.7% | 100% | $245,000 | |
Servion
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Conventional | 1 | 0.7% | 100% | $345,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 10 | 7.4% | 100% | $306,000 | |
Rocket Mortgage
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Conventional, FHA | 6 | 4.4% | 60% | $363,333 | |
New American Funding, LLC.
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Conventional, FHA | 6 | 4.4% | 100% | $236,666 | |
Florida Capital Bank, N.A
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Conventional, FHA | 5 | 3.7% | 100% | $243,000 | |
CrossCountry Mortgage, LLC
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Conventional, VA | 4 | 2.9% | 100% | $270,000 | |
Guaranteed Rate Affinity, LLC
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Conventional, FHA | 3 | 2.2% | 100% | $408,333 | |
Primelending
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Conventional, FHA | 3 | 2.2% | 100% | $225,000 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, VA | 3 | 2.2% | 100% | $391,666 | |
Guaranteed Rate, Inc.
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Conventional | 2 | 1.5% | 100% | $255,000 | |
Newrez LLC
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Conventional | 2 | 1.5% | 100% | $240,000 | |
Equity Prime Mortgage LLC
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FHA, VA | 2 | 1.5% | 100% | $355,000 | |
Pennymac Loan Services LLC
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FHA | 2 | 1.5% | 66.7% | $330,000 | |
Homeowners Financial Group, LLC
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Conventional, VA | 2 | 1.5% | 100% | $325,000 | |
Nationstar Mortgage
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Conventional | 2 | 1.5% | 100% | $65,000 | |
Mortgage Research Center
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VA | 2 | 1.5% | 100% | $265,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional | 2 | 1.5% | 100% | $405,000 | |
Freedom Mortgage Corporation
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VA | 1 | 0.7% | 100% | $295,000 | |
Movement Mortgage, LLC
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Conventional | 1 | 0.7% | 100% | $125,000 | |
Loanunited.Com, LLC
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VA | 1 | 0.7% | 100% | $265,000 | |
Amerisave Mortgage Company
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Conventional | 1 | 0.7% | 25% | $245,000 | |
loanDepot.com LLC
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FHA | 1 | 0.7% | 100% | $335,000 | |
Discover Bank
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Conventional | 1 | 0.7% | 100% | $105,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.7% | 100% | $515,000 | View |
Credit Union 1
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Conventional | 1 | 0.7% | 50% | $45,000 | |
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A+5.0 ★Texas Ratio: 2.54% |
Conventional | 1 | 0.7% | 100% | $385,000 | View |
American Pacific Mortgage Corporation
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FHA | 1 | 0.7% | 100% | $265,000 | |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.7% | 100% | $455,000 | View |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional | 1 | 0.7% | 100% | $475,000 | View |
Zillow Home Loans, LLC
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Conventional | 1 | 0.7% | 100% | $305,000 | |
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A-5.0 ★Texas Ratio: 14.97% |
VA | 1 | 0.7% | 100% | $405,000 | View |
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A+5.0 ★Texas Ratio: 2.14% |
FHA | 1 | 0.7% | 100% | $285,000 | View |
Southwest Stage Funding LLC
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FHA | 1 | 0.7% | 100% | $305,000 | |
Fairway Independent Mort Corp
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FHA | 1 | 0.7% | 100% | $305,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.7% | 100% | $285,000 | View |
Paramount Residential Mortgage
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FHA | 1 | 0.7% | 100% | $315,000 | |
Genisys Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Cmg Mortgage Inc
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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C3.9 ★Texas Ratio: 27.97% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Navy Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Spring Eq, LLC
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HELOC | 0 +1 HELOCs |
0% | 0% |
Clearwater 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 Clearwater, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Clearwater? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Clearwater in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Clearwater, MN
Use these to narrow the list above. Each category shows how many Clearwater, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Clearwater, MN
Independent mortgage companies closed 43.4 percent of home loans in Clearwater, Minnesota in 2025, banks 44.1 percent and credit unions 12.5 percent. Servion was the largest mortgage company, Lake Central Bank the largest bank and St. Cloud Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Lake Central Bank led with 8 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 Clearwater, MN
By home loans closed in 2025, Lake Central Bank was the largest mortgage lender in Clearwater, Minnesota with 8 loans, about 5.9 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
16 lenders closed FHA loans in Clearwater, Minnesota in 2025, led by United Wholesale Mortgage with 5. 10 lenders closed VA loans, led by Mortgage Research Center, and 1 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. 32 banks and 9 credit unions closed home loans in Clearwater, Minnesota in 2025, alongside 28 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 Clearwater, 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 Clearwater, 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 Clearwater. 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.
