Mortgage Lenders and Brokers in Lake Elmo, Minnesota
Brian McKay
|
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.
|
✓Fact Checked
|
Loan Rates Last Updated and Verified: October 7, 2026
Lake Elmo, Minnesota mortgage lenders include Lake Elmo BankLake Elmo Bank11020 39th St N, Lake Elmo, MN 55042A5.0 ★Texas Ratio: 7.45%, Bremer Bank NABremer Bank NALake Elmo, MN, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Old National BankOld National Bank101 Minnesota Ave N, Aitkin, MN 56431A+5.0 ★Texas Ratio: 4.98%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, Blaze Credit UnionBlaze Credit Union10 Northtown Dr NE, Blaine, MN 55434 1033A5.0 ★Texas Ratio: 6.19%, Topline Financial Credit UnionTopline Financial Credit Union900 American Blvd W, Bloomington, MN 55420A5.0 ★Texas Ratio: 6.54%, Ideal Credit UnionIdeal Credit Union3225 Denmark Ave, Eagan, MN 55121 1382A+5.0 ★Texas Ratio: 5.61%, and Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%. 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 Elmo, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Lake Elmo 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 Elmo, Minnesota
Market share is the lender's share of all home loans closed in Lake Elmo, 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 |
|---|---|---|---|---|---|---|
|
1 office in Lake Elmo 11020 39th St N, Lake Elmo, MN 55042 A5.0 ★Texas Ratio: 7.45% |
Conventional | 6 | 1.8% | 85.7% | $203,333 | View |
Bremer Bank NA
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
|
1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, VA, Jumbo, HELOC | 24 +5 HELOCs |
7.1% | 96% | $448,333 | View |
|
101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional, Jumbo, HELOC | 12 +4 HELOCs |
3.6% | 100% | $647,500 | View |
|
331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, Jumbo, HELOC | 10 +16 HELOCs |
3% | 83.3% | $613,000 | View |
|
2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, Jumbo, HELOC | 9 +8 HELOCs |
2.7% | 81.8% | $366,111 | View |
|
10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 6 +6 HELOCs |
1.8% | 75% | $161,666 | View |
|
900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54% |
Conventional | 5 | 1.5% | 100% | $279,000 | View |
|
3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
Conventional, Jumbo, HELOC | 4 +7 HELOCs |
1.2% | 83.3% | $452,500 | View |
|
122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional, Jumbo | 4 | 1.2% | 100% | $720,000 | View |
|
9931 Hudson Blvd N, Lake Elmo, MN 55042 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 3 +4 HELOCs |
0.9% | 100% | $55,000 | View |
|
405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 3 +2 HELOCs |
0.9% | 100% | $605,000 | View |
|
15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional, Jumbo | 3 | 0.9% | 80% | $648,333 | View |
|
45 Hassan St SE, Hutchinson, MN 55350 A+5.0 ★Texas Ratio: 4.19% |
Conventional | 3 | 0.9% | 100% | $128,333 | View |
|
208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, VA | 2 | 0.6% | 66.7% | $530,000 | View |
|
11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 2 | 0.6% | 100% | $330,000 | View |
|
21450 Forest Blvd N, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 0.92% |
Conventional | 2 | 0.6% | 100% | $395,000 | View |
|
11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 2 | 0.6% | 100% | $265,000 | View |
|
14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional, HELOC | 1 +4 HELOCs |
0.3% | 100% | $685,000 | View |
|
7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional, HELOC | 1 +3 HELOCs |
0.3% | 100% | $595,000 | View |
|
7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
Conventional, HELOC | 1 +2 HELOCs |
0.3% | 100% | $265,000 | View |
|
14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
Conventional, HELOC | 1 +1 HELOCs |
0.3% | 100% | $215,000 | View |
|
143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, Jumbo | 1 | 0.3% | 100% | $855,000 | View |
|
155 1st Ave SW, Rochester, MN 55902 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 1 | 0.3% | 100% | $35,000 | View |
|
1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12% |
Conventional | 1 | 0.3% | 100% | $355,000 | View |
|
6545 France Ave S Ste 130, Edina, MN 55435 A+5.0 ★Texas Ratio: 1.55% |
Conventional | 1 | 0.3% | 100% | $205,000 | View |
|
1600 Monroe Drive, Carver, MN 55315 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 1 | 0.3% | 100% | $85,000 | View |
|
201 E Main St S, Ada, MN 56510 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.3% | 100% | $505,000 | View |
|
1777 Bunker Lake Blvd Nw, Andover, MN 55304 A+5.0 ★Texas Ratio: 0.02% |
Conventional | 1 | 0.3% | 100% | $395,000 | View |
|
950 Highway 95 N, Bayport, MN 55003 A+5.0 ★Texas Ratio: 0.25% |
Conventional | 1 | 0.3% | 100% | $55,000 | View |
|
★ 5 stars, 1 review 8500 Hudson Blvd N, Lake Elmo, MN 55042 A+5.0 ★Texas Ratio: 1.52% |
Conventional | 1 | 0.3% | 50% | $235,000 | View |
|
411 N Main St, Altura, MN 55910 A-4.7 ★Texas Ratio: 9.93% |
Conventional | 1 | 0.3% | 100% | $605,000 | View |
|
242 N 1st St, Pennock, MN 56279 C-3.6 ★Texas Ratio: 31.27% |
Conventional | 1 | 0.3% | 100% | $645,000 | View |
|
410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 1 | 0.3% | 100% | $375,000 | View |
|
412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
|
14989 Florence Trl, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 1.78% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Tradition Mortgage, LLC
|
Conventional, VA | 27 | 8% | 100% | $455,370 | |
Summit Mortgage Corporation
|
Conventional | 2 | 0.6% | 100% | $630,000 | |
Servion
|
Conventional | 1 | 0.3% | 100% | $235,000 | |
Lennar Mortgage, LLC
|
Conventional, Jumbo | 31 | 9.2% | 100% | $581,129 | |
United Wholesale Mortgage
|
Conventional, VA, Jumbo, HELOC | 25 +2 HELOCs |
7.4% | 100% | $593,000 | |
Rocket Mortgage
|
Conventional, Jumbo | 13 | 3.9% | 86.7% | $378,076 | |
Guild Mortgage Company
|
Conventional | 13 | 3.9% | 92.9% | $511,923 | |
Triad Financial Services, Inc.
|
Conventional | 10 | 3% | 52.8% | $89,000 | |
Pennymac Loan Services LLC
|
Conventional, VA, Jumbo | 8 | 2.4% | 100% | $657,500 | |
Guaranteed Rate, Inc.
|
Conventional, VA | 7 | 2.1% | 100% | $405,000 | |
Cmg Mortgage Inc
|
Conventional, VA | 5 | 1.5% | 100% | $469,000 | |
Pulte Mortgage LLC
|
Conventional, FHA | 5 | 1.5% | 100% | $283,000 | |
Fairway Independent Mort Corp
|
Conventional | 5 | 1.5% | 100% | $481,000 | |
|
A+5.0 ★Texas Ratio: 3.17% |
Conventional, VA, HELOC | 4 +4 HELOCs |
1.2% | 100% | $417,500 | View |
|
C+4.1 ★Texas Ratio: 26.29% |
Conventional | 4 | 1.2% | 17.4% | $80,000 | View |
SWBC Mortgage Corporation
|
Conventional | 3 | 0.9% | 100% | $361,666 | |
Waterstone Mortgage Corporation
|
Conventional, VA | 3 | 0.9% | 100% | $418,333 | |
New American Funding, LLC.
|
Conventional, VA | 3 | 0.9% | 100% | $548,333 | |
Guaranteed Rate Affinity, LLC
|
Conventional | 2 | 0.6% | 100% | $480,000 | |
|
A5.0 ★Texas Ratio: 13.21% |
Conventional | 2 | 0.6% | 100% | $515,000 | View |
Provident Funding Associates
|
Conventional | 2 | 0.6% | 100% | $485,000 | |
Nationstar Mortgage
|
Conventional | 2 | 0.6% | 100% | $155,000 | |
Mortgage Research Center
|
VA | 2 | 0.6% | 50% | $280,000 | |
|
A4.8 ★Texas Ratio: 2.45% |
Conventional, Jumbo | 2 | 0.6% | 100% | $985,000 | View |
|
★ 5 stars, 1 review A+5.0 ★Texas Ratio: 1.21% |
Conventional, Jumbo | 2 | 0.6% | 100% | $730,000 | View |
21St Mortgage
|
Conventional | 2 | 0.6% | 15.4% | $55,000 | |
|
A+5.0 ★Texas Ratio: 0.51% |
Conventional, FHA | 2 | 0.6% | 66.7% | $270,000 | View |
Mason-McDuffie Mortgage Corporation
|
Conventional | 2 | 0.6% | 100% | $705,000 | |
Navy Federal Credit Union
|
VA, HELOC | 1 +2 HELOCs |
0.3% | 100% | $715,000 | |
CrossCountry Mortgage, LLC
|
Conventional, HELOC | 1 +1 HELOCs |
0.3% | 100% | $475,000 | |
|
★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
Conventional, HELOC | 1 +1 HELOCs |
0.3% | 100% | $365,000 | View |
American Financial Resources LLC
|
Conventional | 1 | 0.3% | 100% | $415,000 | |
Primelending
|
Conventional | 1 | 0.3% | 100% | $415,000 | |
Newrez LLC
|
Conventional | 1 | 0.3% | 50% | $805,000 | |
Allied Mortgage Group, Inc
|
Conventional | 1 | 0.3% | 100% | $665,000 | |
Resicentral LLC
|
Conventional | 1 | 0.3% | 100% | $535,000 | |
|
A5.0 ★Texas Ratio: 11.46% |
Conventional | 1 | 0.3% | 100% | $465,000 | View |
Success Mortgage Partners, Inc
|
Conventional | 1 | 0.3% | 100% | $285,000 | |
Bay Equity LLC
|
FHA | 1 | 0.3% | 100% | $385,000 | |
SIRVA Mortgage, Inc.
|
Conventional | 1 | 0.3% | 100% | $805,000 | |
First Colony Mortgage Corporat
|
Conventional | 1 | 0.3% | 100% | $775,000 | |
Cardinal Financial Company, Li
|
Conventional | 1 | 0.3% | 100% | $545,000 | |
|
B-3.5 ★Texas Ratio: 6.80% |
Conventional | 1 | 0.3% | 100% | $475,000 | View |
Nations Lending Corporation
|
Conventional | 1 | 0.3% | 100% | $495,000 | |
|
A+5.0 ★Texas Ratio: 4.81% |
VA | 1 | 0.3% | 100% | $265,000 | View |
|
A+5.0 ★Texas Ratio: 1.60% |
Conventional, Jumbo | 1 | 0.3% | 100% | $955,000 | View |
|
A5.0 ★Texas Ratio: 6.31% |
Conventional | 1 | 0.3% | 100% | $505,000 | View |
|
A-4.8 ★Texas Ratio: 12.33% |
Conventional | 1 | 0.3% | 100% | $535,000 | View |
Member First Mortgage, LLC
|
Conventional | 1 | 0.3% | 100% | $775,000 | |
|
A+5.0 ★Texas Ratio: 1.47% |
Conventional | 1 | 0.3% | 100% | $805,000 | View |
|
A+5.0 ★Texas Ratio: 3.19% |
Conventional | 1 | 0.3% | 100% | $755,000 | View |
Zillow Home Loans, LLC
|
Conventional | 1 | 0.3% | 100% | $515,000 | |
Prosperity Home Mortgage, LLC
|
Conventional | 1 | 0.3% | 100% | $775,000 | |
Mutual of Omaha Mortgage
|
VA | 1 | 0.3% | 100% | $555,000 | |
DHI Mortgage Company, LTD.
|
Conventional | 1 | 0.3% | 100% | $325,000 | |
Toyota Financial Savings Bank
|
Conventional | 1 | 0.3% | 100% | $545,000 | |
Thrivent Bank
|
Conventional | 1 | 0.3% | 100% | $295,000 | |
|
A5.0 ★Texas Ratio: 9.09% |
Conventional | 1 | 0.3% | 100% | $685,000 | View |
Village Capital & Investment
|
VA | 1 | 0.3% | 100% | $455,000 | |
American Neighborhood Mortgage Acceptance Company
|
Conventional | 1 | 0.3% | 100% | $655,000 | |
Figure Lending LLC
|
HELOC | 0 +5 HELOCs |
0% | n/a | ||
|
B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
|
A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Valon Mortgage
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
Midwestone Bank
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
|
C3.9 ★Texas Ratio: 27.97% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
The Loan Store, Inc
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
|
A+5.0 ★Texas Ratio: 2.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
|
A5.0 ★Texas Ratio: 8.08% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Lake Elmo 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 Elmo, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Lake Elmo? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Lake Elmo in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Lake Elmo, MN
Use these to narrow the list above. Each category shows how many Lake Elmo, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Lake Elmo, MN
Independent mortgage companies closed 55.8 percent of home loans in Lake Elmo, Minnesota in 2025, banks 32.6 percent and credit unions 11.6 percent. Tradition Mortgage, LLC was the largest mortgage company, Lake Elmo Bank the largest bank and Trustone Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Lake Elmo Bank led with 6 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 Elmo, MN
By home loans closed in 2025, Lake Elmo Bank was the largest mortgage lender in Lake Elmo, Minnesota with 6 loans, about 1.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
3 lenders closed FHA loans in Lake Elmo, Minnesota in 2025, led by Pulte Mortgage LLC with 1. 15 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. 49 banks and 14 credit unions closed home loans in Lake Elmo, Minnesota in 2025, alongside 42 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 Elmo, 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 Elmo, 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 Elmo. 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.
