Mortgage Lenders and Brokers in Detroit Lakes, 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
Detroit Lakes, Minnesota mortgage lenders include Midwest BankMidwest Bank613 Highway 10 E, Detroit Lakes, MN 56501A+5.0 ★Texas Ratio: 0.44%, Bell BankBell Bank920 Lake Ave, Detroit Lakes, MN 56501A+5.0 ★Texas Ratio: 3.66%, Old National BankOld National Bank115 Holmes St E, Detroit Lakes, MN 56501A+5.0 ★Texas Ratio: 4.98%, Wells Fargo Bank NAWells Fargo Bank NA211 Holmes St W, Detroit Lakes, MN 56501A+5.0 ★Texas Ratio: 5.36%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, American Federal BankAmerican Federal Bank201 E Main St S, Ada, MN 56510A+5.0 ★Texas Ratio: 0.00%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, American National Bank of MinnesotaAmerican National Bank of Minnesota1325 Highway 10 W, Detroit Lakes, MN 56501A5.0 ★Texas Ratio: 8.08%, and Blaze Credit UnionBlaze Credit Union10 Northtown Dr NE, Blaine, MN 55434 1033A5.0 ★Texas Ratio: 6.19%. 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 Detroit Lakes, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Detroit Lakes 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 Detroit Lakes, Minnesota
Market share is the lender's share of all home loans closed in Detroit Lakes, 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 Detroit Lakes 613 Highway 10 E, Detroit Lakes, MN 56501 A+5.0 ★Texas Ratio: 0.44% |
Conventional, Jumbo | 46 | 16.1% | 98% | $250,217 | View |
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1 office in Detroit Lakes 920 Lake Ave, Detroit Lakes, MN 56501 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, Jumbo, HELOC | 27 +29 HELOCs |
9.5% | 81.8% | $205,000 | View |
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1 office in Detroit Lakes 115 Holmes St E, Detroit Lakes, MN 56501 A+5.0 ★Texas Ratio: 4.98% |
Conventional, FHA, VA, Jumbo, HELOC | 13 +4 HELOCs |
4.6% | 92.9% | $509,615 | View |
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1 office in Detroit Lakes 211 Holmes St W, Detroit Lakes, MN 56501 A+5.0 ★Texas Ratio: 5.36% |
Conventional, Jumbo | 3 | 1.1% | 100% | $445,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional, FHA, USDA | 26 | 9.1% | 96.4% | $223,461 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, VA, HELOC | 4 +1 HELOCs |
1.4% | 100% | $257,500 | View |
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201 E Main St S, Ada, MN 56510 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 3 | 1.1% | 100% | $255,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 2 +2 HELOCs |
0.7% | 100% | $55,000 | View |
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1325 Highway 10 W, Detroit Lakes, MN 56501 A5.0 ★Texas Ratio: 8.08% |
Conventional | 2 | 0.7% | 100% | $250,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 2 | 0.7% | 100% | $125,000 | View |
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641 Railroad Ave, Albany, MN 56307 A+5.0 ★Texas Ratio: 1.40% |
Conventional | 1 | 0.4% | 100% | $325,000 | View |
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202 N Main St, Badger, MN 56714 A5.0 ★Texas Ratio: 11.40% |
Conventional | 1 | 0.4% | 100% | $55,000 | View |
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4470 W 78th Street Cir, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 2.70% |
Conventional | 1 | 0.4% | 100% | $545,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 1 | 0.4% | 100% | $125,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Bremer Bank NA
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Conventional, HELOC | 2 +4 HELOCs |
0.7% | 100% | $620,000 | |
Tradition Mortgage, LLC
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Conventional | 2 | 0.7% | 100% | $405,000 | |
Cambria Financial Group
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Conventional | 1 | 0.4% | 100% | $185,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA, HELOC | 67 +2 HELOCs |
23.5% | 97.1% | $267,089 | |
Rocket Mortgage
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Conventional, FHA | 16 | 5.6% | 100% | $223,125 | |
Gate City Bank
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Conventional, Jumbo, HELOC | 8 +2 HELOCs |
2.8% | 100% | $411,250 | |
First International Bank & Trust
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Conventional, HELOC | 4 +2 HELOCs |
1.4% | 100% | $285,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 4 | 1.4% | 80% | $435,000 | |
First Community Credit Union
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Conventional, Jumbo | 4 | 1.4% | 100% | $427,500 | |
Guaranteed Rate, Inc.
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Conventional, VA, Jumbo | 3 | 1.1% | 75% | $535,000 | |
Pennymac Loan Services LLC
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VA, USDA | 3 | 1.1% | 100% | $225,000 | |
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A5.0 ★Texas Ratio: 8.00% |
Conventional | 3 | 1.1% | 100% | $385,000 | View |
Nations Lending Corporation
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Conventional | 3 | 1.1% | 100% | $78,333 | |
Carrington Mortgage Services LLC
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Conventional, FHA | 3 | 1.1% | 60% | $235,000 | |
Newrez LLC
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Conventional, VA | 2 | 0.7% | 66.7% | $190,000 | |
Sage Home Loans Corporation
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Conventional | 2 | 0.7% | 100% | $565,000 | |
loanDepot.com LLC
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Conventional | 2 | 0.7% | 66.7% | $85,000 | |
Capital Credit Union
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Conventional, FHA | 2 | 0.7% | 100% | $150,000 | |
Milend, Inc
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FHA | 2 | 0.7% | 100% | $225,000 | |
Nationstar Mortgage
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Conventional | 2 | 0.7% | 100% | $115,000 | |
Equity Prime Mortgage LLC
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FHA | 1 | 0.4% | 100% | $195,000 | |
United Federal Credit Union
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FHA | 1 | 0.4% | 100% | $465,000 | |
Loanunited.Com, LLC
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VA | 1 | 0.4% | 100% | $385,000 | |
Guild Mortgage Company
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Conventional | 1 | 0.4% | 100% | $225,000 | |
Discover Bank
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Conventional | 1 | 0.4% | 50% | $75,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.4% | 33.3% | $425,000 | View |
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A5.0 ★Texas Ratio: 6.31% |
Conventional | 1 | 0.4% | 100% | $385,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.4% | 100% | $315,000 | View |
Mortgage Research Center
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VA | 1 | 0.4% | 100% | $225,000 | |
Zillow Home Loans, LLC
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Conventional | 1 | 0.4% | 100% | $175,000 | |
Prosperity Home Mortgage, LLC
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VA | 1 | 0.4% | 50% | $385,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 0.4% | 100% | $135,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
FHA | 1 | 0.4% | 100% | $235,000 | View |
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B+4.8 ★Texas Ratio: 16.98% |
FHA | 1 | 0.4% | 50% | $175,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.4% | 100% | $95,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
FHA | 1 | 0.4% | 100% | $165,000 | View |
Plaza Home Mortgage, Inc
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FHA | 1 | 0.4% | 66.7% | $285,000 | |
Top Flite Financial, Inc.
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FHA | 1 | 0.4% | 100% | $285,000 | |
Valon Mortgage
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
Navy Federal Credit Union
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
Home Mortgage Advisors, LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Pentagon 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% |
Detroit Lakes 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 Detroit Lakes, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Detroit Lakes? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Detroit Lakes in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Detroit Lakes, MN
Use these to narrow the list above. Each category shows how many Detroit Lakes, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Detroit Lakes, MN
Independent mortgage companies closed 43.5 percent of home loans in Detroit Lakes, Minnesota in 2025, banks 51.9 percent and credit unions 4.6 percent. Tradition Mortgage, LLC was the largest mortgage company, Midwest Bank the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Midwest Bank led with 46 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 Detroit Lakes, MN
By home loans closed in 2025, Midwest Bank was the largest mortgage lender in Detroit Lakes, Minnesota with 46 loans, about 16.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Detroit Lakes, Minnesota, United Wholesale Mortgage approved the highest share of completed applications in 2025 at 97.1 percent, against a 92.1 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.
16 lenders closed FHA loans in Detroit Lakes, Minnesota in 2025, led by United Wholesale Mortgage with 11. 11 lenders closed VA loans, led by United Wholesale Mortgage, and 2 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. 22 banks and 9 credit unions closed home loans in Detroit Lakes, Minnesota in 2025, alongside 27 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 Detroit Lakes, 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 Detroit Lakes, 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 Detroit Lakes. 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.
