Mortgage Lenders and Brokers in Lake City, 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
Lake City, Minnesota mortgage lenders include Alliance BankAlliance Bank105 E Lyon Ave, Lake City, MN 55041A+5.0 ★Texas Ratio: 0.05%, Forward BankForward Bank201 E Marion St, Lake City, MN 55041A+5.0 ★Texas Ratio: 2.26%, 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%, Peoples State Bank of PlainviewPeoples State Bank of Plainview411 N Main St, Altura, MN 55910A-4.7 ★Texas Ratio: 9.93%, Merchants Bank, National AssociationMerchants Bank, National Association7300 147th St W, Apple Valley, MN 55124A+5.0 ★Texas Ratio: 3.28%, Frandsen Bank & TrustFrandsen Bank & Trust410 2nd St W, Ada, MN 56510A+5.0 ★Texas Ratio: 5.91%, Associated Bank NAAssociated Bank NA7760 France Ave S, Bloomington, MN 55435A+5.0 ★Texas Ratio: 3.45%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, and Mayo Employees Federal Credit UnionMayo Employees Federal Credit Union155 1st Ave SW, Rochester, MN 55902A+5.0 ★Texas Ratio: 0.16%. 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 Lake City, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Lake City 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 Lake City, Minnesota
Market share is the lender's share of all home loans closed in Lake City, 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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105 E Lyon Ave, Lake City, MN 55041 A+5.0 ★Texas Ratio: 0.05% |
Conventional | 12 | 7% | 85.7% | $175,000 | View |
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1 office in Lake City 201 E Marion St, Lake City, MN 55041 A+5.0 ★Texas Ratio: 2.26% |
Conventional | 4 | 2.3% | 100% | $260,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, USDA, HELOC | 10 +1 HELOCs |
5.8% | 90.9% | $238,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 8 +1 HELOCs |
4.7% | 100% | $62,500 | View |
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411 N Main St, Altura, MN 55910 A-4.7 ★Texas Ratio: 9.93% |
Conventional | 8 | 4.7% | 88.9% | $185,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional, HELOC | 7 +5 HELOCs |
4.1% | 100% | $290,714 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 4 | 2.3% | 100% | $247,500 | View |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional, HELOC | 3 +4 HELOCs |
1.7% | 100% | $298,333 | 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 |
1.7% | 100% | $238,333 | View |
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155 1st Ave SW, Rochester, MN 55902 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 3 | 1.7% | 100% | $68,333 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional | 3 | 1.7% | 100% | $391,666 | View |
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501 Glen Street Sw, Eyota, MN 55934 C-3.7 ★Texas Ratio: 31.20% |
Conventional, Jumbo | 3 | 1.7% | 100% | $685,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional, HELOC | 2 +2 HELOCs |
1.2% | 66.7% | $230,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional | 2 | 1.2% | 100% | $310,000 | View |
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Dodge And Belvidere, Kellogg, MN 55945 A+5.0 ★Texas Ratio: 0.47% |
Conventional | 2 | 1.2% | 100% | $290,000 | View |
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201 N 8th St, Lake City, MN 55041 A5.0 ★Texas Ratio: 7.96% |
Conventional | 2 | 1.2% | 100% | $35,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional | 1 | 0.6% | 100% | $215,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.6% | 50% | $235,000 | View |
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45 Hassan St SE, Hutchinson, MN 55350 A+5.0 ★Texas Ratio: 4.19% |
Conventional | 1 | 0.6% | 100% | $95,000 | View |
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7667 10th St N, Oakdale, MN 55128 A+5.0 ★Texas Ratio: 2.38% |
Conventional | 1 | 0.6% | 100% | $155,000 | View |
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37470 1st Avenue Ct, Dennison, MN 55018 A-4.4 ★Texas Ratio: 8.07% |
Conventional | 1 | 0.6% | 100% | $605,000 | View |
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242 N 1st St, Pennock, MN 56279 C-3.6 ★Texas Ratio: 31.27% |
Conventional | 1 | 0.6% | 100% | $425,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Servion
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Conventional | 2 | 1.2% | 100% | $205,000 | |
Bremer Bank NA
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Triad Financial Services, Inc.
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Conventional | 12 | 7% | 76.9% | $44,166 | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA | 10 | 5.8% | 100% | $298,000 | |
Rocket Mortgage
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Conventional | 8 | 4.7% | 69.2% | $158,750 | |
Newrez LLC
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Conventional | 8 | 4.7% | 88.9% | $237,500 | |
United Wholesale Mortgage
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Conventional, FHA | 7 | 4.1% | 77.8% | $283,571 | |
Primelending
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Conventional, FHA | 3 | 1.7% | 100% | $188,333 | |
Freedom Mortgage Corporation
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Conventional, FHA, VA | 3 | 1.7% | 100% | $288,333 | |
Westconsin Credit Union
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Conventional | 3 | 1.7% | 60% | $338,333 | |
Kind Lending, LLC
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VA, USDA | 2 | 1.2% | 100% | $195,000 | |
Pennymac Loan Services LLC
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Conventional, VA | 2 | 1.2% | 50% | $205,000 | |
Amerisave Mortgage Company
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Conventional | 2 | 1.2% | 40% | $95,000 | |
SIRVA Mortgage, Inc.
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Conventional, VA | 2 | 1.2% | 100% | $320,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
Conventional, VA | 2 | 1.2% | 100% | $320,000 | View |
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A+5.0 ★Texas Ratio: 1.10% |
Conventional | 2 | 1.2% | 100% | $290,000 | View |
Prosperity Home Mortgage, LLC
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Conventional | 2 | 1.2% | 100% | $275,000 | |
Plaza Home Mortgage, Inc
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Conventional, FHA | 2 | 1.2% | 100% | $90,000 | |
Navy Federal Credit Union
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Conventional, HELOC | 1 +1 HELOCs |
0.6% | 100% | $55,000 | |
Lakeview Loan Servicing, LLC
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Conventional | 1 | 0.6% | 50% | $165,000 | |
Envoy Mortgage, Ltd
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Conventional | 1 | 0.6% | 100% | $175,000 | |
Compeer Financial
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Conventional | 1 | 0.6% | 100% | $415,000 | |
loanDepot.com LLC
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Conventional | 1 | 0.6% | 100% | $65,000 | |
Guild Mortgage Company
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Conventional | 1 | 0.6% | 100% | $285,000 | |
American Financial Network, Inc.
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FHA | 1 | 0.6% | 100% | $165,000 | |
Discover Bank
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Conventional | 1 | 0.6% | 100% | $65,000 | |
Sun West Mortgage Company, Inc
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USDA | 1 | 0.6% | 100% | $305,000 | |
Provident Funding Associates
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Conventional | 1 | 0.6% | 100% | $235,000 | |
Altra Federal Credit Union
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Conventional | 1 | 0.6% | 100% | $195,000 | |
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A+5.0 ★Texas Ratio: 1.38% |
Conventional | 1 | 0.6% | 100% | $225,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.6% | 100% | $215,000 | View |
Mortgage Research Center
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VA | 1 | 0.6% | 100% | $365,000 | |
New American Funding, LLC.
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FHA | 1 | 0.6% | 100% | $265,000 | |
Fairway Independent Mort Corp
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FHA | 1 | 0.6% | 50% | $295,000 | |
21St Mortgage
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Conventional | 1 | 0.6% | 100% | $55,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional | 1 | 0.6% | 100% | $295,000 | |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
HomeBridge Financial Services, Inc
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 3.17% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Lake City 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 Lake City, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Lake City? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Lake City in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Lake City, MN
Use these to narrow the list above. Each category shows how many Lake City, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Lake City, MN
Independent mortgage companies closed 43.6 percent of home loans in Lake City, Minnesota in 2025, banks 43.6 percent and credit unions 12.8 percent. Servion was the largest mortgage company, Alliance Bank the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Alliance Bank led with 12 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 Lake City, MN
By home loans closed in 2025, Alliance Bank was the largest mortgage lender in Lake City, Minnesota with 12 loans, about 7 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
9 lenders closed FHA loans in Lake City, Minnesota in 2025, led by Bell Bank with 2. 7 lenders closed VA loans, led by Guaranteed Rate, Inc., and 3 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. 25 banks and 11 credit unions closed home loans in Lake City, Minnesota in 2025, alongside 28 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 Lake City, 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 Lake City, 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 Lake City. 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.
