Mortgage Lenders and Brokers in Elko New Market, 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
Elko New Market, Minnesota mortgage lenders include New Market BankNew Market Bank101 Old Town Rd, Elko New Market, MN 55054A+5.0 ★Texas Ratio: 0.00%, 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%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, Wings Financial Credit UnionWings Financial Credit Union14985 Glazier Ave, Apple Valley, MN 55124, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%, 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 Alerus Financial NAAlerus Financial NA143 W Clark St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 3.32%. 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 Elko New Market, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Elko New Market 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 Elko New Market, Minnesota
Market share is the lender's share of all home loans closed in Elko New Market, 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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101 Old Town Rd, Elko New Market, MN 55054 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 4 | 2% | 100% | $192,500 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, VA, USDA | 10 | 4.9% | 90.9% | $359,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, VA, HELOC | 8 +2 HELOCs |
3.9% | 100% | $135,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, FHA, HELOC | 7 +6 HELOCs |
3.4% | 87.5% | $243,571 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional, Jumbo, HELOC | 5 +8 HELOCs |
2.5% | 100% | $507,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 4 | 2% | 100% | $422,500 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional, FHA | 4 | 2% | 100% | $197,500 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 3 +2 HELOCs |
1.5% | 60% | $221,666 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 3 | 1.5% | 100% | $428,333 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, HELOC | 2 +1 HELOCs |
1% | 100% | $230,000 | 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% | 100% | $225,000 | View |
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27925 Danville Avenue, Castle Rock, MN 55010 A+5.0 ★Texas Ratio: 0.04% |
Conventional | 2 | 1% | 100% | $320,000 | View |
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1420 White Oak Dr, Chaska, MN 55318 A5.0 ★Texas Ratio: 11.00% |
Conventional | 2 | 1% | 100% | $370,000 | View |
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428 Central Ave N, Faribault, MN 55021 A5.0 ★Texas Ratio: 11.55% |
Conventional | 2 | 1% | 100% | $555,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 2 | 1% | 66.7% | $415,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional, HELOC | 1 +1 HELOCs |
0.5% | 100% | $45,000 | View |
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14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
Conventional, HELOC | 1 +1 HELOCs |
0.5% | 100% | $5,000 | View |
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11020 39th St N, Lake Elmo, MN 55042 A5.0 ★Texas Ratio: 7.45% |
Conventional | 1 | 0.5% | 100% | $315,000 | View |
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9741 Lyndale Ave S, Bloomington, MN 55420 A+5.0 ★Texas Ratio: 1.58% |
Conventional | 1 | 0.5% | 100% | $15,000 | View |
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1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12% |
Conventional | 1 | 0.5% | 100% | $175,000 | View |
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13735 Round Lake Blvd NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 5.40% |
Conventional | 1 | 0.5% | 100% | $35,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 0.5% | 100% | $325,000 | View |
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4530 France Ave S, Edina, MN 55410 A+5.0 ★Texas Ratio: 0.01% |
Conventional | 1 | 0.5% | 100% | $795,000 | View |
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109 N St Paul Ave, Fulda, MN 56131 A5.0 ★Texas Ratio: 9.42% |
Conventional | 1 | 0.5% | 100% | $375,000 | View |
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3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
Conventional | 1 | 0.5% | 100% | $55,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
HELOC | 0 +4 HELOCs |
0% | n/a | View | |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
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 | |
Servion
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Conventional | 2 | 1% | 100% | $365,000 | |
South Metro Federal Credit Uni
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Conventional | 1 | 0.5% | 50% | $135,000 | |
Summit Mortgage Corporation
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Conventional | 1 | 0.5% | 100% | $435,000 | |
Tradition Mortgage, LLC
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Conventional | 1 | 0.5% | 100% | $545,000 | |
Lennar Mortgage, LLC
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Conventional, VA | 23 | 11.3% | 100% | $408,478 | |
United Wholesale Mortgage
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Conventional, FHA, VA, HELOC | 15 +1 HELOCs |
7.4% | 88.2% | $371,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 13 | 6.4% | 86.7% | $305,769 | |
Fairway Independent Mort Corp
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Conventional, FHA, VA | 8 | 3.9% | 100% | $345,000 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA | 7 | 3.4% | 100% | $416,428 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 5 | 2.5% | 100% | $407,000 | |
Guaranteed Rate Affinity, LLC
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Conventional, VA | 4 | 2% | 100% | $257,500 | |
loanDepot.com LLC
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Conventional, VA | 4 | 2% | 80% | $260,000 | |
Newrez LLC
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Conventional, VA | 3 | 1.5% | 75% | $238,333 | |
CrossCountry Mortgage, LLC
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Conventional, FHA | 3 | 1.5% | 100% | $431,666 | |
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A+5.0 ★Texas Ratio: 2.40% |
Conventional | 3 | 1.5% | 100% | $318,333 | View |
Mortgage Research Center
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VA | 3 | 1.5% | 100% | $431,666 | |
New American Funding, LLC.
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Conventional, FHA | 3 | 1.5% | 100% | $425,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional, FHA | 3 | 1.5% | 100% | $321,666 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 2 | 1% | 100% | $370,000 | View |
Primelending
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Conventional, FHA | 2 | 1% | 100% | $150,000 | |
Cmg Mortgage Inc
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Conventional | 2 | 1% | 100% | $565,000 | |
Discover Bank
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Conventional | 2 | 1% | 100% | $110,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional, FHA | 2 | 1% | 100% | $130,000 | View |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional, HELOC | 1 +1 HELOCs |
0.5% | 100% | $435,000 | View |
Guaranteed Rate, Inc.
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Conventional | 1 | 0.5% | 100% | $565,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 0.5% | 100% | $55,000 | |
SWBC Mortgage Corporation
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Conventional | 1 | 0.5% | 100% | $565,000 | |
Equity Prime Mortgage LLC
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FHA | 1 | 0.5% | 100% | $315,000 | |
Allied Mortgage Group, Inc
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Conventional | 1 | 0.5% | 100% | $475,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.5% | 100% | $435,000 | |
Movement Mortgage, LLC
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Conventional | 1 | 0.5% | 100% | $445,000 | |
Resicentral LLC
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Conventional | 1 | 0.5% | 100% | $285,000 | |
Guild Mortgage Company
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Conventional | 1 | 0.5% | 100% | $475,000 | |
AdvantageFirst Lending Inc
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VA | 1 | 0.5% | 100% | $265,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.5% | 100% | $515,000 | View |
Waterstone Mortgage Corporation
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Conventional | 1 | 0.5% | 100% | $255,000 | |
BoxCar Mortgage, LLC
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Conventional | 1 | 0.5% | 100% | $325,000 | |
Sierra Pacific Mortgage Co. Inc
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Conventional | 1 | 0.5% | 100% | $355,000 | |
Iowa Bankers Mortgage Corporation
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Conventional | 1 | 0.5% | 100% | $415,000 | |
Zillow Home Loans, LLC
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Conventional | 1 | 0.5% | 100% | $375,000 | |
Mutual of Omaha Mortgage
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VA | 1 | 0.5% | 100% | $445,000 | |
Lower, LLC
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Conventional | 1 | 0.5% | 100% | $505,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.5% | 100% | $105,000 | View |
Spring Eq, LLC
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Conventional | 1 | 0.5% | 50% | $25,000 | |
Plaza Home Mortgage, Inc
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FHA | 1 | 0.5% | 100% | $405,000 | |
Figure Lending LLC
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HELOC | 0 +3 HELOCs |
0% | n/a | ||
Gate City Bank
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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 | ||
Better Mortgage Corporation
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Navy Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Elko New Market 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 Elko New Market, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Elko New Market? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Elko New Market in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Elko New Market, MN
Use these to narrow the list above. Each category shows how many Elko New Market, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Elko New Market, MN
Independent mortgage companies closed 58.8 percent of home loans in Elko New Market, Minnesota in 2025, banks 27.9 percent and credit unions 13.2 percent. Servion was the largest mortgage company, New Market Bank the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, New Market Bank led with 4 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 Elko New Market, MN
By home loans closed in 2025, New Market Bank was the largest mortgage lender in Elko New Market, Minnesota with 4 loans, about 2 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
15 lenders closed FHA loans in Elko New Market, Minnesota in 2025, led by United Wholesale Mortgage with 3. 14 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.
Yes. 29 banks and 11 credit unions closed home loans in Elko New Market, Minnesota in 2025, alongside 38 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 Elko New Market, 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 Elko New Market, 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 Elko New Market. 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.
