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Mortgage Lenders and Brokers in Cottage Grove, Minnesota

Content reviewed by

Brian McKay | iEditorial Disclosure | ✓Fact Checked | Loan Rates Last Updated and Verified: October 7, 2026

Cottage Grove, Minnesota mortgage lenders include US Bank, N.A.US Bank, N.A.7200 80th St S, Cottage Grove, MN 55016A+5.0 ★Texas Ratio: 2.85%, Huntington National BankHuntington National Bank7155 E Point Douglas Rd S, Cottage Grove, MN 55016A+5.0 ★Texas Ratio: 3.66%, Wells Fargo Bank NAWells Fargo Bank NA8770 E Point Douglas Rd S, Cottage Grove, MN 55016A+5.0 ★Texas Ratio: 5.36%, Merchants Bank, National AssociationMerchants Bank, National Association7200 East Douglas Point Road South, Cottage Grove, MN 55016A+5.0 ★Texas Ratio: 3.28%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA7980 Hardwood Ave S, Cottage Grove, MN 55016A+5.0 ★Texas Ratio: 3.68%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Blaze Credit UnionBlaze Credit Union10 Northtown Dr NE, Blaine, MN 55434 1033A5.0 ★Texas Ratio: 6.19%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, and Wings Financial Credit UnionWings Financial Credit Union14985 Glazier Ave, Apple Valley, MN 55124. 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 Cottage Grove, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Cottage Grove 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 Cottage Grove, Minnesota

Market share is the lender's share of all home loans closed in Cottage Grove, 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
US Bank, N.A. 1 office in Cottage Grove 7200 80th St S, Cottage Grove, MN 55016 A+5.0 ★Texas Ratio: 2.85%	Conventional, FHA, HELOC	17 +34 HELOCs	1.5%	79.2%	$242,647	View
Huntington National Bank 1 office in Cottage Grove 7155 E Point Douglas Rd S, Cottage Grove, MN 55016 A+5.0 ★Texas Ratio: 3.66%	Conventional, HELOC	13 +17 HELOCs	1.2%	92.9%	$544,230	View
Wells Fargo Bank NA 1 office in Cottage Grove 8770 E Point Douglas Rd S, Cottage Grove, MN 55016 A+5.0 ★Texas Ratio: 5.36%	Conventional	12	1.1%	92.9%	$193,333	View
Merchants Bank, National Association 1 office in Cottage Grove 7200 East Douglas Point Road South, Cottage Grove, MN 55016 A+5.0 ★Texas Ratio: 3.28%	Conventional, HELOC	5 +9 HELOCs	0.5%	100%	$173,000	View
JPMorgan Chase Bank, NA 1 office in Cottage Grove 7980 Hardwood Ave S, Cottage Grove, MN 55016 A+5.0 ★Texas Ratio: 3.68%	Conventional, VA, HELOC	4 +1 HELOCs	0.4%	100%	$392,500	View
Bell Bank 1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66%	Conventional, FHA, VA, HELOC	55 +6 HELOCs	5%	96.5%	$324,818	View
Affinity Plus Federal Credit Union 1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41%	Conventional, HELOC	35 +11 HELOCs	3.2%	79.5%	$95,857	View
Blaze Credit Union 10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19%	Conventional, HELOC	23 +11 HELOCs	2.1%	78.8%	$154,130	View
Trustone Financial Credit Union 2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56%	Conventional, HELOC	19 +9 HELOCs	1.7%	95.5%	$163,421	View
Wings Financial Credit Union 14985 Glazier Ave, Apple Valley, MN 55124	Conventional, HELOC	15 +13 HELOCs	1.4%	100%	$347,666	View
Ideal Credit Union 3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61%	Conventional, HELOC	12 +16 HELOCs	1.1%	100%	$237,500	View
Luminate Bank 208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06%	Conventional, FHA, VA	10	0.9%	76.9%	$337,000	View
Old National Bank 101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98%	Conventional, HELOC	8 +6 HELOCs	0.7%	57.1%	$342,500	View
Granite Bank 11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85%	Conventional, FHA	8	0.7%	100%	$320,000	View
City & County Credit Union ★ 5 stars, 1 review 5941 94th Ave N, Brooklyn Park, MN 55443 A+5.0 ★Texas Ratio: 1.52%	Conventional	8	0.7%	100%	$72,500	View
Associated Bank NA 7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45%	Conventional, Jumbo, HELOC	7 +2 HELOCs	0.6%	87.5%	$452,142	View
Associated Healthcare CU 4050 Coon Rapids Blvd NW, Coon Rapids, MN 55433 A+5.0 ★Texas Ratio: 3.27%	Conventional	5	0.5%	100%	$77,000	View
First State Bank and Trust 950 Highway 95 N, Bayport, MN 55003 A+5.0 ★Texas Ratio: 0.25%	Conventional	5	0.5%	100%	$269,000	View
Bank of America NA 7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	4 +1 HELOCs	0.4%	100%	$397,500	View
Think Mutual Bank 15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90%	Conventional, HELOC	3 +1 HELOCs	0.3%	75%	$65,000	View
First Resource Bank 808 W Broadway Ave, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 0.72%	Conventional	3	0.3%	100%	$331,666	View
Drake Bank 60 Plato Blvd E, Saint Paul, MN 55107 F1.0 ★Texas Ratio: 77.33%	Conventional	2	0.2%	100%	$355,000	View
Lake Elmo Bank 11020 39th St N, Lake Elmo, MN 55042 A5.0 ★Texas Ratio: 7.45%	Conventional	2	0.2%	100%	$355,000	View
Novation Credit Union 45 Hassan St SE, Hutchinson, MN 55350 A+5.0 ★Texas Ratio: 4.19%	Conventional	2	0.2%	66.7%	$65,000	View
Bravera Bank 11102 57th St Ne, Albertville, MN 55301 A+5.0 ★Texas Ratio: 5.48%	Conventional	2	0.2%	100%	$85,000	View
New Market Bank 101 Old Town Rd, Elko New Market, MN 55054 A+5.0 ★Texas Ratio: 0.00%	Conventional	2	0.2%	100%	$320,000	View
Nicolet National Bank 455 Pond Promenade, Chanhassen, MN 55317 A+5.0 ★Texas Ratio: 2.28%	Conventional	2	0.2%	100%	$335,000	View
St Paul Federal Credit Union 1330 Conway St Ste 200, Saint Paul, MN 55106 A+5.0 ★Texas Ratio: 1.19%	Conventional	2	0.2%	100%	$610,000	View
BMO Harris Bank NA 412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54%	Conventional, HELOC	1 +2 HELOCs	0.1%	50%	$275,000	View
Deerwood Bank 14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01%	Conventional, HELOC	1 +2 HELOCs	0.1%	100%	$75,000	View
Alerus Financial NA 143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32%	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$445,000	View
Heartland Credit Union 4001 Lexington Ave N, Arden Hills, MN 55126 A+5.0 ★Texas Ratio: 4.68%	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$75,000	View
Castle Rock Bank 27925 Danville Avenue, Castle Rock, MN 55010 A+5.0 ★Texas Ratio: 0.04%	Conventional	1	0.1%	100%	$55,000	View
Community Resource Bank 1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12%	Conventional	1	0.1%	100%	$165,000	View
Sharepoint Credit Union 13735 Round Lake Blvd NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 5.40%	Conventional	1	0.1%	100%	$45,000	View
The Bank of Elk River 630 Main St Nw, Elk River, MN 55330 A-4.8 ★Texas Ratio: 10.95%	Conventional	1	0.1%	100%	$375,000	View
Lakeview Bank ★ 5 stars, 1 review 9725 163rd St W, Lakeville, MN 55044 A5.0 ★Texas Ratio: 8.73%	Conventional	1	0.1%	100%	$235,000	View
Topline Financial Credit Union 900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54%	Conventional	1	0.1%	100%	$695,000	View
Luminate Home Loans, Inc. 208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06%	Conventional	1	0.1%	100%	$655,000	View
First Farmers & Merchants Bank 601 1st St, Bellchester, MN 55027 A+5.0 ★Texas Ratio: 0.05%	Conventional	1	0.1%	100%	$135,000	View
Minnco Credit Union 2121 Station Pkwy NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 2.50%	Conventional	1	0.1%	100%	$65,000	View
Sunrise Banks, N.A. 2100 Blaisdell Ave, Minneapolis, MN 55404 A5.0 ★Texas Ratio: 9.43%	Conventional	1	0.1%	100%	$355,000	View
Highland Bank 11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29%	Conventional	1	0.1%	50%	$105,000	View
Cortrust Bank 2850 Cutters Grove Ave, Anoka, MN 55303 A+5.0 ★Texas Ratio: 5.11%	Conventional	1	0.1%	100%	$55,000	View
Citizens Community Federal N.A. 2630 Bridge Ave, Albert Lea, MN 56007 A5.0 ★Texas Ratio: 12.61%	Conventional	1	0.1%	100%	$165,000	View
Vermillion State Bank 255 33rd St W, Hastings, MN 55033 A+5.0 ★Texas Ratio: 1.51%	Conventional	1	0.1%	100%	$345,000	View
Liberty Bank Minnesota 730 Humboldt Dr, Big Lake, MN 55309 A+5.0 ★Texas Ratio: 0.00%	Conventional	1	0.1%	100%	$535,000	View
Frandsen Bank & Trust 410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91%	Conventional	1	0.1%	100%	$175,000	View
Expedition Credit Union 14989 Florence Trl, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 1.78%	HELOC	0 +2 HELOCs	0%	n/a		View
Cambria Financial Group	Conventional, FHA	12	1.1%	100%	$380,833
Tradition Mortgage, LLC	Conventional, FHA	10	0.9%	100%	$327,000
Summit Mortgage Corporation	Conventional	7	0.6%	87.5%	$205,000
Servion	Conventional, FHA, VA	3	0.3%	100%	$415,000
DHI Mortgage Company, LTD.	Conventional, FHA, VA	64	5.8%	90.1%	$396,406
United Wholesale Mortgage	Conventional, FHA, VA, HELOC	63 +2 HELOCs	5.7%	86.7%	$376,269
Rocket Mortgage	Conventional, FHA, VA	52	4.7%	90%	$264,615
Pulte Mortgage LLC	Conventional, FHA, VA	46	4.2%	82.1%	$489,782
Royal Credit Union A+5.0 ★Texas Ratio: 3.17%	Conventional, FHA, HELOC	34 +4 HELOCs	3.1%	97.1%	$333,235	View
CrossCountry Mortgage, LLC	Conventional, FHA, VA, Jumbo	32	2.9%	97%	$381,875
Lennar Mortgage, LLC	Conventional, FHA, VA	28	2.6%	84.8%	$416,071
Fairway Independent Mort Corp	Conventional, FHA, VA	27	2.5%	100%	$268,703
loanDepot.com LLC	Conventional, FHA, VA	24	2.2%	100%	$205,416
M/I Financial. LLC	Conventional, FHA, VA	21	1.9%	100%	$417,380
Pennymac Loan Services LLC	Conventional, FHA, VA	18	1.6%	85.7%	$383,333
Cmg Mortgage Inc	Conventional, FHA, USDA	17	1.5%	100%	$214,411
Freedom Mortgage Corporation	Conventional, FHA, VA	15	1.4%	95%	$335,000
Newrez LLC	Conventional, FHA, VA	15	1.4%	68.2%	$315,666
Sfmc, LP	Conventional, FHA, VA	15	1.4%	85%	$371,666
Guaranteed Rate, Inc.	Conventional, FHA, HELOC	14 +1 HELOCs	1.3%	82.4%	$312,142
SWBC Mortgage Corporation	Conventional, FHA, VA	14	1.3%	93.3%	$345,714
New American Funding, LLC.	Conventional, FHA, VA	13	1.2%	86.7%	$345,000
Spring Eq, LLC	Conventional	12	1.1%	66.7%	$75,000
Mutual of Omaha Mortgage	Conventional, FHA, VA	11	1%	84.6%	$256,818
American Neighborhood Mortgage Acceptance Company	Conventional, FHA, VA	10	0.9%	100%	$312,000
Guaranteed Rate Affinity, LLC	Conventional, FHA	9	0.8%	90%	$280,555
Mortgage Research Center	Conventional, VA	9	0.8%	81.8%	$379,444
Prosperity Home Mortgage, LLC	Conventional, FHA, VA	9	0.8%	81.8%	$321,666
Everett Financial, Inc.	Conventional, FHA, Jumbo	8	0.7%	100%	$371,250
Waterstone Mortgage Corporation	Conventional, FHA	7	0.6%	100%	$332,142
Nationstar Mortgage	Conventional	7	0.6%	100%	$139,285
Guidance Residential, LLC	Conventional	6	0.5%	100%	$361,666
Paramount Residential Mortgage	Conventional, FHA	6	0.5%	85.7%	$345,000
Lower, LLC	Conventional, FHA, VA, HELOC	5 +1 HELOCs	0.5%	100%	$223,000
Home Mortgage Alliance Corp (Hmac)	Conventional, FHA	5	0.5%	100%	$401,000
Guild Mortgage Company	Conventional, FHA, VA	5	0.5%	100%	$339,000
Cardinal Financial Company, Li	Conventional, FHA	5	0.5%	100%	$213,000
Usaa Federal Savings Bank B-3.5 ★Texas Ratio: 6.80%	Conventional, VA	5	0.5%	100%	$449,000	View
Uif Corporation	Conventional	5	0.5%	100%	$351,000
Veridian Credit Union C3.9 ★Texas Ratio: 27.97%	Conventional, HELOC	4 +4 HELOCs	0.4%	100%	$232,500	View
Primelending	Conventional, FHA	4	0.4%	100%	$202,500
Kind Lending, LLC	Conventional, FHA, VA	4	0.4%	100%	$250,000
Movement Mortgage, LLC	Conventional, FHA	4	0.4%	100%	$387,500
Amerisave Mortgage Company	Conventional, FHA, VA	4	0.4%	100%	$232,500
Navy Federal Credit Union	Conventional, VA, HELOC	3 +5 HELOCs	0.3%	60%	$391,666
Sage Home Loans Corporation	Conventional	3	0.3%	100%	$438,333
Equity Prime Mortgage LLC	FHA, VA	3	0.3%	100%	$361,666
Resicentral LLC	Conventional, FHA	3	0.3%	100%	$401,666
Discover Bank	Conventional	3	0.3%	75%	$48,333
Union Home Mortgage Corp.	Conventional, FHA	3	0.3%	100%	$405,000
Premier Lending Inc.	Conventional, FHA	3	0.3%	100%	$318,333
Carrington Mortgage Services LLC	Conventional	3	0.3%	66.7%	$161,666
Goodleap, LLC	Conventional, VA, HELOC	2 +3 HELOCs	0.2%	100%	$280,000
American Financial Resources LLC	FHA	2	0.2%	100%	$365,000
Residential Wholesale Mortgage	Conventional	2	0.2%	100%	$290,000
Lakeview Loan Servicing, LLC	VA	2	0.2%	40%	$470,000
Flagstar Bank NA D3.3 ★Texas Ratio: 35.11%	Conventional	2	0.2%	100%	$240,000	View
AdvantageFirst Lending Inc	FHA, VA	2	0.2%	66.7%	$290,000
Success Mortgage Partners, Inc	FHA, VA	2	0.2%	100%	$270,000
Citizens State Bank A+5.0 ★Texas Ratio: 3.68%	Conventional	2	0.2%	100%	$60,000	View
Click n' Close, Inc.	Conventional, FHA	2	0.2%	50%	$185,000
SIRVA Mortgage, Inc.	Conventional	2	0.2%	100%	$425,000
Planet Home Lending, LLC	VA	2	0.2%	100%	$410,000
Provident Funding Associates	Conventional	2	0.2%	66.7%	$310,000
American Pacific Mortgage Corporation	Conventional	2	0.2%	100%	$195,000
The Loan Store, Inc	Conventional, VA	2	0.2%	100%	$320,000
Bankwest, Inc. C+4.1 ★Texas Ratio: 26.29%	Conventional	2	0.2%	40%	$80,000	View
21St Mortgage	Conventional	2	0.2%	25%	$105,000
Plains Commerce Bank A5.0 ★Texas Ratio: 9.09%	Conventional	2	0.2%	66.7%	$345,000	View
Mason-McDuffie Mortgage Corporation	Conventional, FHA	2	0.2%	100%	$330,000
Westconsin Credit Union	Conventional, HELOC	1 +2 HELOCs	0.1%	100%	$65,000
Citizens Bank, NA A+5.0 ★Texas Ratio: 5.44%	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$405,000	View
Arc Home LLC	Conventional	1	0.1%	100%	$395,000
Genisys Credit Union	Conventional	1	0.1%	100%	$65,000
American Pride Bank A+5.0 ★Texas Ratio: 0.01%	Conventional	1	0.1%	100%	$285,000	View
A&D Mortgage LLC A+5.0 ★Texas Ratio: 4.11%	Conventional	1	0.1%	100%	$345,000	View
Premia Mortgage, LLC A5.0 ★Texas Ratio: 13.21%	Conventional	1	0.1%	100%	$615,000	View
First Community Mortgage, Inc.	FHA	1	0.1%	100%	$365,000
Royal United Mortgage LLC	Conventional	1	0.1%	100%	$105,000
Charles Schwab Bank, Ssb A+5.0 ★Texas Ratio: 0.14%	Conventional	1	0.1%	100%	$355,000	View
Gold Star Mortgage Financial Group, Corporation	Conventional	1	0.1%	100%	$335,000
The First National Bank of River Falls A+5.0 ★Texas Ratio: 2.74%	Conventional	1	0.1%	100%	$245,000	View
Canopy Mortgage, LLC	VA	1	0.1%	100%	$305,000
Envoy Mortgage, Ltd	Conventional	1	0.1%	100%	$425,000
Allied Mortgage Group, Inc	FHA	1	0.1%	100%	$215,000
Triad Financial Services, Inc.	Conventional	1	0.1%	57.1%	$55,000
PHH Mortgage Corporation	VA	1	0.1%	100%	$715,000
Oaktree Funding Corp	Conventional	1	0.1%	100%	$445,000
Synergy One Lending, Inc.	Conventional	1	0.1%	100%	$345,000
American Financing Corporation	Conventional	1	0.1%	25%	$125,000
Bay Equity LLC	Conventional	1	0.1%	100%	$335,000
Weichert Financial Services	VA	1	0.1%	100%	$395,000
American Internet Mortgage, Inc.	Conventional	1	0.1%	100%	$385,000
Western State Bank A5.0 ★Texas Ratio: 6.13%	Conventional	1	0.1%	100%	$345,000	View
Nations Lending Corporation	Conventional	1	0.1%	100%	$225,000
Armed Forces Bank, N.A. A+5.0 ★Texas Ratio: 4.81%	Conventional	1	0.1%	100%	$115,000	View
United Home Loans, Inc.	Conventional	1	0.1%	100%	$175,000
Together Credit Union	Conventional	1	0.1%	100%	$805,000
Sierra Pacific Mortgage Co. Inc	Conventional	1	0.1%	50%	$575,000
Barrington Bank & Trust Company, N.A. A+5.0 ★Texas Ratio: 2.20%	Conventional	1	0.1%	100%	$265,000	View
Empeople Credit Union	Conventional	1	0.1%	100%	$505,000
Mission Loans, LLC	FHA	1	0.1%	100%	$235,000
University Bank A+5.0 ★Texas Ratio: 3.82%	Conventional	1	0.1%	100%	$225,000	View
Nexbank A-5.0 ★Texas Ratio: 14.93%	Conventional	1	0.1%	100%	$395,000	View
Zillow Home Loans, LLC	Conventional	1	0.1%	100%	$365,000
Ixonia Bank A+5.0 ★Texas Ratio: 2.14%	Conventional	1	0.1%	100%	$345,000	View
Thrivent Bank	Conventional	1	0.1%	100%	$325,000
The Federal Savings Bank B+4.8 ★Texas Ratio: 16.98%	VA	1	0.1%	50%	$305,000	View
Ark-La-Tex Financial Services LLC	VA	1	0.1%	100%	$375,000
Tomo Mortgage LLC	Conventional	1	0.1%	100%	$355,000
Champions Funding, LLC	Conventional	1	0.1%	100%	$515,000
Ameris Bank ★ 4 stars, 1 review A+5.0 ★Texas Ratio: 1.82%	Conventional	1	0.1%	100%	$245,000	View
Village Capital & Investment	VA	1	0.1%	50%	$515,000
Flyhomes Mortgage LLC	Conventional	1	0.1%	100%	$105,000
Figure Lending LLC	HELOC	0 +5 HELOCs	0%	n/a
Coastal Community Bank B4.5 ★Texas Ratio: 20.96%	HELOC	0 +4 HELOCs	0%	n/a		View
Ashland Credit Union	HELOC	0 +3 HELOCs	0%	100%
Better Mortgage Corporation	HELOC	0 +2 HELOCs	0%	0%
Midwestone Bank	HELOC	0 +1 HELOCs	0%	n/a
First Savings Bank A+5.0 ★Texas Ratio: 3.36%	HELOC	0 +1 HELOCs	0%	n/a		View
Baxter Credit Union A5.0 ★Texas Ratio: 6.31%	HELOC	0 +1 HELOCs	0%	n/a		View
Affinity Federal Credit Union A+5.0 ★Texas Ratio: 4.41%	HELOC	0 +1 HELOCs	0%	n/a		View
Third Federal Savings and Loan A+5.0 ★Texas Ratio: 2.32%	HELOC	0 +1 HELOCs	0%	n/a		View
PNC Bank N.A. ★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24%	HELOC	0 +1 HELOCs	0%	n/a		View
American National Bank A5.0 ★Texas Ratio: 8.08%	HELOC	0 +1 HELOCs	0%	n/a		View

Lender counts and market shares come from 2025 federal HMDA loan data, the public record of mortgage applications and closings. Health grades: MonitorBankRates, rates as of Oct 7, 2026.

Cottage Grove Mortgage Rate Trends

Daily average mortgage rates for Minnesota compared with the national average, updated every evening.

30-Year Fixed MN Avg

7.512%

▲ 0.089 vs 7 days ago

15-Year Fixed MN Avg

6.996%

▲ 0.059 vs 7 days ago

Mortgage Lenders and Mortgage Brokers Near Me in Cottage Grove, Minnesota

Looking for mortgage lenders near me or mortgage brokers near me in Cottage Grove? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Cottage Grove in 2025, with lenders based there listed first.

Types of Mortgage Lenders in Cottage Grove, MN

Use these to narrow the list above. Each category shows how many Cottage Grove, MN lenders fit and what that kind of lender is usually best for.

Mortgage companies and brokers 87 lenders. Nonbank lenders and brokers that shop several wholesale lenders; often the fastest closings Banks 63 lenders. Local and national banks with branches, portfolio and jumbo loans, and an MBR health grade Credit unions 24 lenders. Member owned, often lower fees and flexible underwriting for members FHA lenders 52 lenders. 3.5 percent down and credit scores into the 500s; the usual route for bad credit or low down payment buyers VA lenders 42 lenders. No down payment and no mortgage insurance for eligible veterans and service members USDA lenders 1 lenders. Zero down loans in eligible rural and suburban areas Jumbo lenders 3 lenders. Loans above the conforming limit for higher priced homes Local lenders based in MN 39 lenders headquartered in Minnesota, the closest thing to a mortgage lender near you

Who Lends in Cottage Grove, MN

Independent mortgage companies closed 64 percent of home loans in Cottage Grove, Minnesota in 2025, banks 20.5 percent and credit unions 15.5 percent. Luminate Home Loans, Inc. was the largest mortgage company, US Bank, N.A. the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Wells Fargo Bank NA led with 12 loans.

64%

Mortgage companies

20.5%

Banks

15.5%

Credit unions

14%

FHA loans

VA 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

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Frequently Asked Questions About Mortgage Lenders in Cottage Grove, MN

Who is the largest mortgage lender in Cottage Grove, MN?

By home loans closed in 2025, US Bank, N.A. was the largest mortgage lender in Cottage Grove, Minnesota with 17 loans, about 1.5 percent of the market. The largest lender headquartered in Minnesota was Wells Fargo Bank NA with 12 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which mortgage lenders in Cottage Grove, MN have the highest approval rates?

Among lenders with meaningful volume in Cottage Grove, Minnesota, Bell Bank approved the highest share of completed applications in 2025 at 96.5 percent, against a 88.5 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which Cottage Grove, MN mortgage lenders offer FHA, VA and USDA loans?

52 lenders closed FHA loans in Cottage Grove, Minnesota in 2025, led by M/I Financial. LLC with 15. 42 lenders closed VA loans, led by United Wholesale Mortgage, 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.

Are credit unions and local banks included in this Cottage Grove, MN lender list?

Yes. 63 banks and 24 credit unions closed home loans in Cottage Grove, Minnesota in 2025, alongside 87 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.

How are mortgage lenders in Cottage Grove, MN ranked on this page?

Lenders are ranked only by the number of home loans they closed in Cottage Grove, 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 Cottage Grove, 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 Cottage Grove. 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.