Mortgage Lenders and Brokers in Faribault, 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
Faribault, Minnesota mortgage lenders include The State Bank of FaribaultThe State Bank of Faribault428 Central Ave N, Faribault, MN 55021A5.0 ★Texas Ratio: 11.55%, Community Resource BankCommunity Resource Bank430 4th St Nw, Faribault, MN 55021A5.0 ★Texas Ratio: 7.12%, Wells Fargo Bank NAWells Fargo Bank NA104 5th St Nw, Faribault, MN 55021A+5.0 ★Texas Ratio: 5.36%, Premier Bank MinnesotaPremier Bank Minnesota417 4th St Nw, Faribault, MN 55021A+5.0 ★Texas Ratio: 0.36%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union900 4th St NW Ste 102, Faribault, MN 55021 4927A+5.0 ★Texas Ratio: 4.41%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Wings Financial Credit UnionWings Financial Credit Union14985 Glazier Ave, Apple Valley, MN 55124, and Frandsen Bank & TrustFrandsen Bank & Trust410 2nd St W, Ada, MN 56510A+5.0 ★Texas Ratio: 5.91%. 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 Faribault, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Faribault 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 Faribault, Minnesota
Market share is the lender's share of all home loans closed in Faribault, 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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428 Central Ave N, Faribault, MN 55021 A5.0 ★Texas Ratio: 11.55% |
Conventional, Jumbo | 37 | 7.6% | 97.4% | $239,864 | View |
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1 office in Faribault 430 4th St Nw, Faribault, MN 55021 A5.0 ★Texas Ratio: 7.12% |
Conventional, Jumbo | 12 | 2.5% | 92.9% | $367,500 | View |
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1 office in Faribault 104 5th St Nw, Faribault, MN 55021 A+5.0 ★Texas Ratio: 5.36% |
Conventional, FHA, VA | 10 | 2% | 90.9% | $228,000 | View |
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1 office in Faribault 417 4th St Nw, Faribault, MN 55021 A+5.0 ★Texas Ratio: 0.36% |
Conventional | 1 | 0.2% | 100% | $25,000 | View |
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900 4th St NW Ste 102, Faribault, MN 55021 4927 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 45 +11 HELOCs |
9.2% | 92% | $91,222 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA, HELOC | 11 +1 HELOCs |
2.3% | 91.7% | $237,727 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA, VA | 10 | 2% | 100% | $441,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 9 +1 HELOCs |
1.8% | 100% | $323,888 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional, HELOC | 6 +1 HELOCs |
1.2% | 100% | $306,666 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 5 | 1% | 100% | $159,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional, HELOC | 4 +2 HELOCs |
0.8% | 100% | $397,500 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 4 +2 HELOCs |
0.8% | 57.1% | $90,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 4 +1 HELOCs |
0.8% | 100% | $352,500 | View |
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★ 5 stars, 1 review 9725 163rd St W, Lakeville, MN 55044 A5.0 ★Texas Ratio: 8.73% |
Conventional | 4 | 0.8% | 100% | $140,000 | View |
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27925 Danville Avenue, Castle Rock, MN 55010 A+5.0 ★Texas Ratio: 0.04% |
Conventional | 3 | 0.6% | 100% | $231,666 | View |
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37470 1st Avenue Ct, Dennison, MN 55018 A-4.4 ★Texas Ratio: 8.07% |
Conventional | 3 | 0.6% | 100% | $241,666 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 2 +1 HELOCs |
0.4% | 100% | $250,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 2 | 0.4% | 100% | $105,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 1 +2 HELOCs |
0.2% | 50% | $115,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional | 1 | 0.2% | 100% | $355,000 | View |
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316 Byron Ave N, Byron, MN 55920 C3.9 ★Texas Ratio: 28.08% |
Conventional | 1 | 0.2% | 100% | $65,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
FHA | 1 | 0.2% | 100% | $275,000 | View |
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202 N Main St, Lake Crystal, MN 56055 A+5.0 ★Texas Ratio: 3.00% |
Conventional | 1 | 0.2% | 100% | $345,000 | View |
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301 West Lewis Street, Lewisville, MN 56060 A+5.0 ★Texas Ratio: 4.73% |
Conventional | 1 | 0.2% | 100% | $605,000 | View |
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900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54% |
Conventional | 1 | 0.2% | 100% | $125,000 | View |
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202 N Main St, Badger, MN 56714 A5.0 ★Texas Ratio: 11.40% |
Conventional | 1 | 0.2% | 100% | $115,000 | View |
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101 Old Town Rd, Elko New Market, MN 55054 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.2% | 100% | $335,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 0.2% | 100% | $75,000 | View |
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2501 London Rd, Duluth, MN 55812 A+5.0 ★Texas Ratio: 3.95% |
Conventional | 1 | 0.2% | 100% | $75,000 | View |
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1011 Tompkins Dr NE, Byron, MN 55920 A5.0 ★Texas Ratio: 7.96% |
Conventional | 1 | 0.2% | 100% | $115,000 | View |
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★ 5 stars, 1 review 5941 94th Ave N, Brooklyn Park, MN 55443 A+5.0 ★Texas Ratio: 1.52% |
Conventional | 1 | 0.2% | 100% | $25,000 | View |
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2850 Cutters Grove Ave, Anoka, MN 55303 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 1 | 0.2% | 100% | $55,000 | View |
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102 S Broadway, La Salle, MN 56056 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 1 | 0.2% | 100% | $175,000 | View |
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14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
Conventional | 1 | 0.2% | 100% | $375,000 | View |
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7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
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 | |
Bremer Bank NA
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Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $195,000 | |
Servion
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Conventional | 1 | 0.2% | 100% | $295,000 | |
Cambria Financial Group
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Conventional | 1 | 0.2% | 100% | $175,000 | |
Summit Mortgage Corporation
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Conventional | 1 | 0.2% | 100% | $215,000 | |
Tradition Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $335,000 | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA, USDA, HELOC | 49 +3 HELOCs |
10% | 94.2% | $226,836 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 32 | 6.6% | 86.5% | $238,125 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA, USDA, HELOC | 31 +3 HELOCs |
6.4% | 100% | $268,870 | |
Rocket Mortgage
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Conventional, FHA | 30 | 6.1% | 75.6% | $185,000 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, USDA | 12 | 2.5% | 100% | $204,166 | |
loanDepot.com LLC
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Conventional, FHA, VA | 10 | 2% | 76.9% | $148,000 | |
Fairway Independent Mort Corp
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Conventional, FHA, VA | 8 | 1.6% | 100% | $333,750 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 7 | 1.4% | 100% | $307,857 | |
Mutual of Omaha Mortgage
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Conventional, FHA | 7 | 1.4% | 100% | $247,857 | |
Compeer Financial
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Conventional | 6 | 1.2% | 85.7% | $415,000 | |
Cmg Mortgage Inc
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Conventional, FHA, VA, USDA | 6 | 1.2% | 100% | $176,666 | |
Mortgage Research Center
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VA | 6 | 1.2% | 66.7% | $345,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional, HELOC | 4 +1 HELOCs |
0.8% | 100% | $107,500 | View |
Newrez LLC
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Conventional, FHA | 4 | 0.8% | 80% | $142,500 | |
Movement Mortgage, LLC
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Conventional, FHA | 4 | 0.8% | 100% | $122,500 | |
Nationstar Mortgage
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Conventional | 4 | 0.8% | 100% | $290,000 | |
New American Funding, LLC.
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FHA | 4 | 0.8% | 100% | $250,000 | |
Spring Eq, LLC
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Conventional | 4 | 0.8% | 80% | $90,000 | |
Lakeview Loan Servicing, LLC
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FHA, VA | 3 | 0.6% | 100% | $205,000 | |
Freedom Mortgage Corporation
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FHA, VA | 3 | 0.6% | 80% | $238,333 | |
Triad Financial Services, Inc.
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Conventional | 3 | 0.6% | 33.3% | $81,666 | |
Planet Home Lending, LLC
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Conventional, FHA | 3 | 0.6% | 75% | $241,666 | |
Zillow Home Loans, LLC
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Conventional | 3 | 0.6% | 100% | $191,666 | |
Lower, LLC
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Conventional, FHA | 3 | 0.6% | 100% | $155,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 3 | 0.6% | 100% | $68,333 | View |
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A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA | 3 | 0.6% | 100% | $251,666 | View |
Guaranteed Rate Affinity, LLC
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FHA, VA | 2 | 0.4% | 100% | $280,000 | |
Primelending
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Conventional | 2 | 0.4% | 100% | $230,000 | |
Everett Financial, Inc.
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FHA | 2 | 0.4% | 100% | $175,000 | |
Home Mortgage Alliance Corp (Hmac)
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Conventional | 2 | 0.4% | 100% | $335,000 | |
21St Mortgage
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Conventional | 2 | 0.4% | 100% | $100,000 | |
Plaza Home Mortgage, Inc
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Conventional | 2 | 0.4% | 66.7% | $205,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional | 2 | 0.4% | 100% | $245,000 | |
Goodleap, LLC
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FHA | 1 | 0.2% | 100% | $245,000 | |
Amerisave Mortgage Company
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FHA | 1 | 0.2% | 20% | $245,000 | |
Guild Mortgage Company
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Conventional | 1 | 0.2% | 100% | $255,000 | |
Discover Bank
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Conventional | 1 | 0.2% | 33.3% | $55,000 | |
Union Home Mortgage Corp.
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Conventional | 1 | 0.2% | 100% | $185,000 | |
Bay Equity LLC
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Conventional | 1 | 0.2% | 100% | $215,000 | |
Homeowners Financial Group, LLC
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Conventional | 1 | 0.2% | 100% | $205,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
Conventional | 1 | 0.2% | 50% | $255,000 | View |
Shoreham Bank
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FHA | 1 | 0.2% | 100% | $175,000 | |
Premier Lending Inc.
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FHA | 1 | 0.2% | 100% | $245,000 | |
Churchill Mortgage Corporation
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Conventional | 1 | 0.2% | 100% | $305,000 | |
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A+5.0 ★Texas Ratio: 3.47% |
Conventional | 1 | 0.2% | 100% | $605,000 | View |
Provident Funding Associates
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Conventional | 1 | 0.2% | 100% | $465,000 | |
Altra Federal Credit Union
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Conventional | 1 | 0.2% | 100% | $235,000 | |
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A+5.0 ★Texas Ratio: 2.20% |
FHA | 1 | 0.2% | 100% | $305,000 | View |
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C3.9 ★Texas Ratio: 27.97% |
Conventional | 1 | 0.2% | 100% | $235,000 | View |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional | 1 | 0.2% | 100% | $565,000 | View |
Pentagon Federal Credit Union
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Conventional | 1 | 0.2% | 100% | $105,000 | |
RoundPoint Mortgage Servicing LLC
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Conventional | 1 | 0.2% | 100% | $175,000 | |
Citadel Servicing Corporation
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Conventional | 1 | 0.2% | 100% | $445,000 | |
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A+5.0 ★Texas Ratio: 1.45% |
Conventional | 1 | 0.2% | 100% | $275,000 | View |
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★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87% |
Conventional | 1 | 0.2% | 100% | $475,000 | View |
Navy Federal Credit Union
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VA | 1 | 0.2% | 100% | $275,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.2% | 100% | $525,000 | View |
Paramount Residential Mortgage
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Conventional | 1 | 0.2% | 100% | $125,000 | |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.2% | 50% | $125,000 | |
Loan Simple, Inc.
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FHA | 1 | 0.2% | 100% | $255,000 | |
Mason-McDuffie Mortgage Corporation
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FHA | 1 | 0.2% | 100% | $335,000 | |
Champions Funding, LLC
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Conventional | 1 | 0.2% | 100% | $405,000 | |
Figure Lending LLC
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HELOC | 0 +6 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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A5.0 ★Texas Ratio: 6.31% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
The Loan Store, Inc
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Faribault 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 Faribault, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Faribault? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Faribault in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Faribault, MN
Use these to narrow the list above. Each category shows how many Faribault, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Faribault, MN
Independent mortgage companies closed 56.6 percent of home loans in Faribault, Minnesota in 2025, banks 29.5 percent and credit unions 13.9 percent. Luminate Home Loans, Inc. was the largest mortgage company, The State Bank of Faribault the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, The State Bank of Faribault led with 37 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 Faribault, MN
By home loans closed in 2025, The State Bank of Faribault was the largest mortgage lender in Faribault, Minnesota with 37 loans, about 7.6 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
31 lenders closed FHA loans in Faribault, Minnesota in 2025, led by Guaranteed Rate, Inc. with 8. 15 lenders closed VA loans, led by Mortgage Research Center, and 4 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. 42 banks and 14 credit unions closed home loans in Faribault, Minnesota in 2025, alongside 52 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 Faribault, 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 Faribault, 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 Faribault. 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.
