Mortgage Lenders and Brokers in Cloquet, 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
Cloquet, Minnesota mortgage lenders include Northwoods Credit UnionNorthwoods Credit Union1702 Avenue B, Cloquet, MN 55720A+5.0 ★Texas Ratio: 3.53%, Frandsen Bank & TrustFrandsen Bank & Trust712 Highway 33 S, Cloquet, MN 55720A+5.0 ★Texas Ratio: 5.91%, US Bank, N.A.US Bank, N.A.715 Cloquet Ave, Cloquet, MN 55720A+5.0 ★Texas Ratio: 2.85%, Cornerstone State BankCornerstone State Bank1516 Cloquet Ave, Cloquet, MN 55720A5.0 ★Texas Ratio: 6.12%, Wells Fargo Bank NAWells Fargo Bank NA1502 Highway 33 S, Cloquet, MN 55720A+5.0 ★Texas Ratio: 5.36%, Woodlands National BankWoodlands National Bank240 North Rd, Cloquet, MN 55720A+5.0 ★Texas Ratio: 5.99%, Members Cooperative Credit UnionMembers Cooperative Credit Union1299 Highway 33 S, Cloquet, MN 55720 2662A5.0 ★Texas Ratio: 10.43%, 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%, 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 Cloquet, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Cloquet 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 Cloquet, Minnesota
Market share is the lender's share of all home loans closed in Cloquet, 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 | 32 | 9.2% | 82.6% | $76,875 | View |
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1 office in Cloquet 712 Highway 33 S, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 13 | 3.8% | 81.2% | $256,538 | View |
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1 office in Cloquet 715 Cloquet Ave, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 2.85% |
Conventional, VA, HELOC | 9 +4 HELOCs |
2.6% | 76.9% | $212,777 | View |
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1 office in Cloquet 1516 Cloquet Ave, Cloquet, MN 55720 A5.0 ★Texas Ratio: 6.12% |
Conventional | 5 | 1.4% | 100% | $63,000 | View |
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1 office in Cloquet 1502 Highway 33 S, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 5 | 1.4% | 71.4% | $209,000 | View |
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1 office in Cloquet 240 North Rd, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 5.99% |
Conventional | 1 | 0.3% | 50% | $135,000 | View |
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1299 Highway 33 S, Cloquet, MN 55720 2662 A5.0 ★Texas Ratio: 10.43% |
Conventional, HELOC | 43 +8 HELOCs |
12.4% | 86% | $106,860 | View |
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4801 E Superior St, Duluth, MN 55804 A+5.0 ★Texas Ratio: 1.35% |
Conventional, FHA, VA | 29 | 8.4% | 97.3% | $249,827 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, VA, HELOC | 9 +1 HELOCs |
2.6% | 81.8% | $190,555 | View |
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11 W 2nd St, Duluth, MN 55802 2014 A5.0 ★Texas Ratio: 7.61% |
Conventional | 9 | 2.6% | 100% | $150,555 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 6 +1 HELOCs |
1.7% | 100% | $230,000 | View |
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2501 London Rd, Duluth, MN 55812 A+5.0 ★Texas Ratio: 3.95% |
Conventional, HELOC | 6 +1 HELOCs |
1.7% | 100% | $95,000 | View |
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2104 London Rd, Duluth, MN 55812 A+5.0 ★Texas Ratio: 2.03% |
Conventional | 4 | 1.2% | 80% | $205,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 3 | 0.9% | 100% | $195,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional | 2 | 0.6% | 100% | $225,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 2 | 0.6% | 100% | $275,000 | View |
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6340 Merchant St, Askov, MN 55704 A+5.0 ★Texas Ratio: 3.46% |
Conventional | 2 | 0.6% | 66.7% | $265,000 | View |
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221 Main St N, Biwabik, MN 55708 A+5.0 ★Texas Ratio: 5.68% |
Conventional | 2 | 0.6% | 100% | $380,000 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional | 2 | 0.6% | 100% | $235,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 1 +1 HELOCs |
0.3% | 50% | $255,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 1 | 0.3% | 100% | $355,000 | View |
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428 Central Ave N, Faribault, MN 55021 A5.0 ★Texas Ratio: 11.55% |
Conventional | 1 | 0.3% | 100% | $75,000 | View |
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242 N 1st St, Pennock, MN 56279 C-3.6 ★Texas Ratio: 31.27% |
Conventional | 1 | 0.3% | 100% | $245,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 1 | 0.3% | 100% | $25,000 | View |
Servion
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Conventional, VA | 13 | 3.8% | 100% | $241,153 | |
Summit Mortgage Corporation
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Conventional | 3 | 0.9% | 100% | $271,666 | |
Cambria Financial Group
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FHA | 1 | 0.3% | 100% | $195,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 18 | 5.2% | 66.7% | $158,888 | |
Mortgage Research Center
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VA | 12 | 3.5% | 92.3% | $231,666 | |
American Pacific Mortgage Corporation
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Conventional, FHA | 11 | 3.2% | 84.6% | $225,909 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 10 | 2.9% | 100% | $273,000 | |
Everett Financial, Inc.
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Conventional, FHA | 9 | 2.6% | 100% | $143,888 | |
loanDepot.com LLC
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Conventional, FHA | 6 | 1.7% | 100% | $105,000 | |
Cardinal Financial Company, Li
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Conventional, FHA | 6 | 1.7% | 100% | $136,666 | |
Guaranteed Rate, Inc.
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Conventional, USDA | 5 | 1.4% | 100% | $271,000 | |
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A+5.0 ★Texas Ratio: 2.54% |
Conventional, FHA, VA | 5 | 1.4% | 100% | $289,000 | View |
Guild Mortgage Company
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Conventional, FHA | 5 | 1.4% | 100% | $193,000 | |
Nationstar Mortgage
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Conventional | 5 | 1.4% | 62.5% | $167,000 | |
New American Funding, LLC.
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Conventional, FHA | 5 | 1.4% | 83.3% | $247,000 | |
Pennymac Loan Services LLC
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Conventional, VA | 4 | 1.2% | 100% | $205,000 | |
Fairway Independent Mort Corp
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Conventional | 4 | 1.2% | 100% | $290,000 | |
CrossCountry Mortgage, LLC
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Conventional, VA | 3 | 0.9% | 100% | $311,666 | |
Amerisave Mortgage Company
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Conventional, FHA | 2 | 0.6% | 40% | $215,000 | |
Sun West Mortgage Company, Inc
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FHA | 2 | 0.6% | 100% | $240,000 | |
Megastar Finanacial Corp
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Conventional, FHA | 2 | 0.6% | 100% | $170,000 | |
Prosperity Home Mortgage, LLC
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Conventional | 2 | 0.6% | 100% | $240,000 | |
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A5.0 ★Texas Ratio: 9.09% |
Conventional | 2 | 0.6% | 100% | $400,000 | View |
American Neighborhood Mortgage Acceptance Company
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Conventional | 2 | 0.6% | 100% | $235,000 | |
Navy Federal Credit Union
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Conventional, HELOC | 1 +1 HELOCs |
0.3% | 100% | $245,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 0.3% | 100% | $155,000 | |
Lakeview Loan Servicing, LLC
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FHA | 1 | 0.3% | 100% | $345,000 | |
Newrez LLC
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FHA | 1 | 0.3% | 50% | $305,000 | |
Compeer Financial
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Conventional | 1 | 0.3% | 50% | $25,000 | |
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D3.3 ★Texas Ratio: 35.11% |
Conventional | 1 | 0.3% | 100% | $415,000 | View |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.3% | 100% | $275,000 | |
PHH Mortgage Corporation
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Conventional | 1 | 0.3% | 100% | $135,000 | |
HomeBridge Financial Services, Inc
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FHA | 1 | 0.3% | 100% | $215,000 | |
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A+5.0 ★Texas Ratio: 5.69% |
Conventional | 1 | 0.3% | 100% | $345,000 | View |
Nations Lending Corporation
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Conventional | 1 | 0.3% | 100% | $165,000 | |
Mission Loans, LLC
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VA, Jumbo | 1 | 0.3% | 100% | $1,155,000 | |
Lower, LLC
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Conventional | 1 | 0.3% | 100% | $585,000 | |
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★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87% |
Conventional | 1 | 0.3% | 100% | $135,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.3% | 100% | $55,000 | View |
Reliance First Capital, LLC
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VA | 1 | 0.3% | 100% | $195,000 | |
Spring Eq, LLC
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Conventional | 1 | 0.3% | 33.3% | $65,000 | |
Top Flite Financial, Inc.
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FHA | 1 | 0.3% | 100% | $255,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional | 1 | 0.3% | 100% | $365,000 | View |
Village Capital & Investment
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VA | 1 | 0.3% | 66.7% | $225,000 | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +4 HELOCs |
0% | n/a | View | |
Superior Choice Credit Union
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
Connexus Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Cloquet 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 Cloquet, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Cloquet? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Cloquet in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Cloquet, MN
Use these to narrow the list above. Each category shows how many Cloquet, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Cloquet, MN
Independent mortgage companies closed 43.1 percent of home loans in Cloquet, Minnesota in 2025, banks 25.4 percent and credit unions 31.5 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 32 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 Cloquet, MN
By home loans closed in 2025, Northwoods Credit Union was the largest mortgage lender in Cloquet, Minnesota with 32 loans, about 9.2 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
19 lenders closed FHA loans in Cloquet, Minnesota in 2025, led by American Pacific Mortgage Corporation with 5. 13 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. 21 banks and 13 credit unions closed home loans in Cloquet, Minnesota in 2025, alongside 37 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 Cloquet, 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 Cloquet, 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 Cloquet. 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.
