Mortgage Lenders and Brokers in Forest Lake, 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
Forest Lake, Minnesota mortgage lenders include Bell BankBell Bank19810 Headwaters Blvd N, Forest Lake, MN 55025A+5.0 ★Texas Ratio: 3.66%, US Bank, N.A.US Bank, N.A.320 W Broadway Ave, Forest Lake, MN 55025A+5.0 ★Texas Ratio: 2.85%, Security State Bank of MarineSecurity State Bank of Marine21450 Forest Blvd N, Forest Lake, MN 55025A+5.0 ★Texas Ratio: 0.92%, Wells Fargo Bank NAWells Fargo Bank NA208 Lake St S, Forest Lake, MN 55025A+5.0 ★Texas Ratio: 5.36%, Frandsen Bank & TrustFrandsen Bank & Trust2001 W Broadway Ave, Forest Lake, MN 55025A+5.0 ★Texas Ratio: 5.91%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA1232 W Broadway Ave, Forest Lake, MN 55025A+5.0 ★Texas Ratio: 3.68%, Huntington National BankHuntington National Bank1186 W Broadway Ave, Forest Lake, MN 55025A+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%, Topline Financial Credit UnionTopline Financial Credit Union1452 Lake St S, Forest Lake, MN 55025A5.0 ★Texas Ratio: 6.54%, and Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%. 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 Forest Lake, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Forest Lake 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 Forest Lake, Minnesota
Market share is the lender's share of all home loans closed in Forest Lake, 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 Forest Lake 19810 Headwaters Blvd N, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 3.66% |
Conventional, VA, HELOC | 28 +6 HELOCs |
7% | 96.6% | $316,071 | View |
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1 office in Forest Lake 320 W Broadway Ave, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 14 +18 HELOCs |
3.5% | 78.9% | $264,285 | View |
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1 office in Forest Lake 21450 Forest Blvd N, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 0.92% |
Conventional | 9 | 2.2% | 100% | $229,444 | View |
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1 office in Forest Lake 208 Lake St S, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 7 | 1.7% | 70% | $293,571 | View |
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1 office in Forest Lake 2001 W Broadway Ave, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 4 | 1% | 100% | $107,500 | View |
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1 office in Forest Lake 1232 W Broadway Ave, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 3 | 0.7% | 100% | $185,000 | View |
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1 office in Forest Lake 1186 W Broadway Ave, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 3.66% |
HELOC | 0 +5 HELOCs |
0% | 0% | View | |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 9 +3 HELOCs |
2.2% | 100% | $100,555 | View |
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1452 Lake St S, Forest Lake, MN 55025 A5.0 ★Texas Ratio: 6.54% |
Conventional, HELOC | 8 +11 HELOCs |
2% | 66.7% | $142,500 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, Jumbo, HELOC | 8 +8 HELOCs |
2% | 88.9% | $183,750 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 7 +3 HELOCs |
1.7% | 77.8% | $220,714 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, VA, Jumbo | 5 | 1.2% | 100% | $555,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional, FHA | 5 | 1.2% | 100% | $425,000 | View |
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3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
Conventional, HELOC | 4 +4 HELOCs |
1% | 71.4% | $75,000 | View |
First State Bank of Wyoming
6115 Stacy Trl, Stacy, MN 55079 |
Conventional, Jumbo | 3 | 0.7% | 100% | $201,666 | |
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2121 Station Pkwy NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 2.50% |
Conventional | 3 | 0.7% | 100% | $81,666 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional, HELOC | 2 +5 HELOCs |
0.5% | 100% | $350,000 | View |
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7601 France Ave S, Edina, MN 55435 A+5.0 ★Texas Ratio: 1.76% |
Conventional | 2 | 0.5% | 100% | $285,000 | View |
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7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
Conventional | 2 | 0.5% | 100% | $235,000 | View |
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4050 Coon Rapids Blvd NW, Coon Rapids, MN 55433 A+5.0 ★Texas Ratio: 3.27% |
Conventional | 2 | 0.5% | 100% | $40,000 | View |
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9741 Lyndale Ave S, Bloomington, MN 55420 A+5.0 ★Texas Ratio: 1.58% |
Conventional | 2 | 0.5% | 100% | $115,000 | View |
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7641 Lake Dr, Lino Lakes, MN 55014 A5.0 ★Texas Ratio: 9.19% |
Conventional | 2 | 0.5% | 100% | $290,000 | View |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional | 2 | 0.5% | 66.7% | $395,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $235,000 | View |
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641 Railroad Ave, Albany, MN 56307 A+5.0 ★Texas Ratio: 1.40% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $205,000 | View |
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45 Hassan St SE, Hutchinson, MN 55350 A+5.0 ★Texas Ratio: 4.19% |
Conventional | 1 | 0.2% | 100% | $85,000 | View |
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6545 France Ave S Ste 130, Edina, MN 55435 A+5.0 ★Texas Ratio: 1.55% |
Conventional | 1 | 0.2% | 100% | $285,000 | View |
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11102 57th St Ne, Albertville, MN 55301 A+5.0 ★Texas Ratio: 5.48% |
Conventional | 1 | 0.2% | 100% | $135,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 0.2% | 100% | $105,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 1 | 0.2% | 100% | $365,000 | View |
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1777 Bunker Lake Blvd Nw, Andover, MN 55304 A+5.0 ★Texas Ratio: 0.02% |
Conventional | 1 | 0.2% | 100% | $355,000 | View |
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7831 E Bush Lake Rd, Edina, MN 55439 A+5.0 ★Texas Ratio: 3.43% |
Conventional | 1 | 0.2% | 100% | $265,000 | View |
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950 Highway 95 N, Bayport, MN 55003 A+5.0 ★Texas Ratio: 0.25% |
Conventional | 1 | 0.2% | 100% | $375,000 | View |
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2100 Blaisdell Ave, Minneapolis, MN 55404 A5.0 ★Texas Ratio: 9.43% |
Conventional | 1 | 0.2% | 100% | $315,000 | View |
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11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 0.2% | 100% | $85,000 | View |
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1330 Conway St Ste 200, Saint Paul, MN 55106 A+5.0 ★Texas Ratio: 1.19% |
Conventional | 1 | 0.2% | 100% | $265,000 | 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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14989 Florence Trl, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 1.78% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +1 HELOCs |
0% | 0% | View | |
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14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Summit Mortgage Corporation
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Conventional | 3 | 0.7% | 100% | $268,333 | |
Tradition Mortgage, LLC
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Conventional | 3 | 0.7% | 100% | $408,333 | |
Cambria Financial Group
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Conventional | 1 | 0.2% | 100% | $405,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA, HELOC | 30 +1 HELOCs |
7.5% | 85.7% | $330,333 | |
Rocket Mortgage
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Conventional, FHA, VA | 22 | 5.5% | 69.7% | $257,727 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 14 | 3.5% | 100% | $330,000 | |
Fairway Independent Mort Corp
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Conventional, FHA | 14 | 3.5% | 100% | $347,142 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional, FHA, HELOC | 12 +5 HELOCs |
3% | 100% | $335,833 | View |
Guaranteed Rate, Inc.
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Conventional, FHA, VA | 12 | 3% | 92.3% | $330,000 | |
Sfmc, LP
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Conventional, FHA, VA | 10 | 2.5% | 100% | $367,000 | |
New American Funding, LLC.
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Conventional, FHA | 9 | 2.2% | 90% | $299,444 | |
Mortgage Research Center
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VA | 8 | 2% | 72.7% | $411,250 | |
Everett Financial, Inc.
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Conventional, VA | 7 | 1.7% | 100% | $292,142 | |
Pennymac Loan Services LLC
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Conventional, FHA | 6 | 1.5% | 75% | $366,666 | |
Nationstar Mortgage
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Conventional | 5 | 1.2% | 83.3% | $69,000 | |
Prosperity Home Mortgage, LLC
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Conventional, VA, Jumbo | 5 | 1.2% | 100% | $559,000 | |
Mutual of Omaha Mortgage
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Conventional, VA | 5 | 1.2% | 71.4% | $399,000 | |
Lower, LLC
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Conventional, VA | 5 | 1.2% | 100% | $331,000 | |
Movement Mortgage, LLC
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Conventional, FHA | 4 | 1% | 100% | $395,000 | |
Lennar Mortgage, LLC
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Conventional | 4 | 1% | 100% | $250,000 | |
Spring Eq, LLC
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Conventional, HELOC | 3 +1 HELOCs |
0.7% | 42.9% | $125,000 | |
Freedom Mortgage Corporation
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FHA | 3 | 0.7% | 75% | $388,333 | |
Newrez LLC
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Conventional, FHA | 3 | 0.7% | 75% | $278,333 | |
loanDepot.com LLC
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Conventional, FHA | 3 | 0.7% | 100% | $315,000 | |
Discover Bank
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Conventional | 3 | 0.7% | 42.9% | $58,333 | |
Cardinal Financial Company, Li
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Conventional, FHA | 3 | 0.7% | 100% | $291,666 | |
Zillow Home Loans, LLC
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Conventional, FHA, VA | 3 | 0.7% | 100% | $381,666 | |
American Neighborhood Mortgage Acceptance Company
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Conventional, FHA | 3 | 0.7% | 100% | $155,000 | |
Midwestone Bank
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Conventional, HELOC | 2 +5 HELOCs |
0.5% | 100% | $475,000 | |
SWBC Mortgage Corporation
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Conventional | 2 | 0.5% | 50% | $495,000 | |
Guild Mortgage Company
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Conventional | 2 | 0.5% | 100% | $305,000 | |
Union Home Mortgage Corp.
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Conventional | 2 | 0.5% | 100% | $310,000 | |
Waterstone Mortgage Corporation
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Conventional, FHA | 2 | 0.5% | 66.7% | $155,000 | |
Navy Federal Credit Union
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Conventional, VA | 2 | 0.5% | 100% | $370,000 | |
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A5.0 ★Texas Ratio: 9.09% |
Conventional | 2 | 0.5% | 100% | $160,000 | View |
Mason-McDuffie Mortgage Corporation
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Conventional | 2 | 0.5% | 100% | $570,000 | |
Plaza Home Mortgage, Inc
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Conventional | 2 | 0.5% | 100% | $360,000 | |
Arc Home LLC
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Conventional | 1 | 0.2% | 100% | $335,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.2% | 100% | $685,000 | View |
Guaranteed Rate Affinity, LLC
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FHA | 1 | 0.2% | 100% | $265,000 | |
American Financial Resources LLC
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Conventional | 1 | 0.2% | 100% | $345,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 0.2% | 100% | $205,000 | |
Primelending
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Conventional | 1 | 0.2% | 100% | $335,000 | |
Gold Star Mortgage Financial Group, Corporation
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Conventional | 1 | 0.2% | 100% | $425,000 | |
Go Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $435,000 | |
Equity Prime Mortgage LLC
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FHA | 1 | 0.2% | 100% | $245,000 | |
Kind Lending, LLC
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FHA | 1 | 0.2% | 25% | $325,000 | |
Allied Mortgage Group, Inc
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Conventional | 1 | 0.2% | 100% | $285,000 | |
Triad Financial Services, Inc.
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Conventional | 1 | 0.2% | 33.3% | $105,000 | |
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A+5.0 ★Texas Ratio: 2.38% |
Conventional, Jumbo | 1 | 0.2% | 100% | $1,315,000 | View |
Resicentral LLC
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Conventional | 1 | 0.2% | 100% | $215,000 | |
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A+5.0 ★Texas Ratio: 3.21% |
FHA | 1 | 0.2% | 100% | $335,000 | View |
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A5.0 ★Texas Ratio: 13.21% |
Conventional | 1 | 0.2% | 100% | $365,000 | View |
Mortgage 1 Incorporated
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VA | 1 | 0.2% | 100% | $385,000 | |
American Financing Corporation
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FHA | 1 | 0.2% | 66.7% | $365,000 | |
Bay Equity LLC
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Conventional | 1 | 0.2% | 100% | $105,000 | |
Westconsin Credit Union
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Conventional | 1 | 0.2% | 100% | $25,000 | |
Mid-Continent Funding, Inc.
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VA | 1 | 0.2% | 100% | $235,000 | |
Churchill Mortgage Corporation
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VA | 1 | 0.2% | 100% | $545,000 | |
Planet Home Lending, LLC
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VA | 1 | 0.2% | 100% | $195,000 | |
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A+5.0 ★Texas Ratio: 4.81% |
Conventional | 1 | 0.2% | 50% | $505,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.2% | 100% | $335,000 | View |
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B4.4 ★Texas Ratio: 21.68% |
FHA | 1 | 0.2% | 100% | $355,000 | View |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.2% | 100% | $285,000 | View |
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A-4.8 ★Texas Ratio: 12.33% |
Conventional | 1 | 0.2% | 100% | $505,000 | View |
Megastar Finanacial Corp
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Conventional | 1 | 0.2% | 100% | $225,000 | |
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A-5.0 ★Texas Ratio: 14.93% |
Conventional | 1 | 0.2% | 100% | $355,000 | View |
The Loan Store, Inc
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Conventional | 1 | 0.2% | 100% | $285,000 | |
Florida Capital Bank, N.A
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Conventional | 1 | 0.2% | 100% | $455,000 | |
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A-5.0 ★Texas Ratio: 15.06% |
Conventional | 1 | 0.2% | 100% | $215,000 | View |
Carrington Mortgage Services LLC
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FHA | 1 | 0.2% | 50% | $245,000 | |
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A+5.0 ★Texas Ratio: 2.82% |
Conventional, Jumbo | 1 | 0.2% | 100% | $925,000 | View |
Village Capital & Investment
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VA | 1 | 0.2% | 100% | $445,000 | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Quorum Federal Credit Union
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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 | ||
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A+5.0 ★Texas Ratio: 2.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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A5.0 ★Texas Ratio: 8.08% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Ashland Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Forest Lake 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 Forest Lake, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Forest Lake? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Forest Lake in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Forest Lake, MN
Use these to narrow the list above. Each category shows how many Forest Lake, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Forest Lake, MN
Independent mortgage companies closed 55.4 percent of home loans in Forest Lake, Minnesota in 2025, banks 28.9 percent and credit unions 15.7 percent. Luminate Home Loans, Inc. was the largest mortgage company, Bell Bank the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Security State Bank of Marine led with 9 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 Forest Lake, MN
By home loans closed in 2025, Bell Bank was the largest mortgage lender in Forest Lake, Minnesota with 28 loans, about 7 percent of the market. The largest lender headquartered in Minnesota was Security State Bank of Marine with 9 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
25 lenders closed FHA loans in Forest Lake, Minnesota in 2025, led by United Wholesale Mortgage with 5. 19 lenders closed VA loans, led by United Wholesale Mortgage. 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. 47 banks and 19 credit unions closed home loans in Forest Lake, Minnesota in 2025, alongside 56 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 Forest Lake, 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 Forest Lake, 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 Forest Lake. 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.
