Mortgage Lenders and Brokers in Lanesboro, 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
Lanesboro, Minnesota mortgage lenders include Merchants Bank, National AssociationMerchants Bank, National Association118 Parkway Ave N, Lanesboro, MN 55949A+5.0 ★Texas Ratio: 3.28%, F & M Community Bank, N.A.F & M Community Bank, N.A.229 Main St N, Chatfield, MN 55923A+5.0 ★Texas Ratio: 0.00%, BMO Harris Bank NABMO Harris Bank NA412 E Main St, Ada, MN 56510A+5.0 ★Texas Ratio: 3.54%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Alerus Financial NAAlerus Financial NA143 W Clark St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 3.32%, Esb BankEsb Bank115 N Highway 44 76, Caledonia, MN 55921A5.0 ★Texas Ratio: 10.00%, First Security BankFirst Security Bank316 Byron Ave N, Byron, MN 55920C3.9 ★Texas Ratio: 28.08%, Think Mutual BankThink Mutual Bank15751 Emperor Ave, Apple Valley, MN 55124A+5.0 ★Texas Ratio: 0.90%, Pioneer BankPioneer Bank301 West Lewis Street, Lewisville, MN 56060A+5.0 ★Texas Ratio: 4.73%, and Blaze Credit UnionBlaze Credit Union10 Northtown Dr NE, Blaine, MN 55434 1033A5.0 ★Texas Ratio: 6.19%. 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 Lanesboro, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Lanesboro 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 Lanesboro, Minnesota
Market share is the lender's share of all home loans closed in Lanesboro, 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 Lanesboro 118 Parkway Ave N, Lanesboro, MN 55949 A+5.0 ★Texas Ratio: 3.28% |
Conventional, HELOC | 7 +8 HELOCs |
13.5% | 77.8% | $232,142 | View |
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229 Main St N, Chatfield, MN 55923 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 6 | 11.5% | 100% | $86,666 | View |
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412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54% |
Conventional, HELOC | 4 +6 HELOCs |
7.7% | 100% | $137,500 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional | 2 | 3.8% | 100% | $135,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, HELOC | 1 +2 HELOCs |
1.9% | 100% | $125,000 | View |
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115 N Highway 44 76, Caledonia, MN 55921 A5.0 ★Texas Ratio: 10.00% |
Conventional | 1 | 1.9% | 100% | $175,000 | View |
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316 Byron Ave N, Byron, MN 55920 C3.9 ★Texas Ratio: 28.08% |
Conventional | 1 | 1.9% | 100% | $265,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional | 1 | 1.9% | 100% | $25,000 | View |
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301 West Lewis Street, Lewisville, MN 56060 A+5.0 ★Texas Ratio: 4.73% |
Conventional | 1 | 1.9% | 100% | $315,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 1 | 1.9% | 100% | $185,000 | View |
Compeer Financial
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Conventional | 5 | 9.6% | 100% | $377,000 | |
Altra Federal Credit Union
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Conventional | 4 | 7.7% | 80% | $157,500 | |
United Wholesale Mortgage
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Conventional | 2 | 3.8% | 100% | $210,000 | |
Mortgage Research Center
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FHA, VA | 2 | 3.8% | 100% | $295,000 | |
Marine Credit Union
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Conventional, HELOC | 1 +2 HELOCs |
1.9% | 50% | $205,000 | |
Guaranteed Rate, Inc.
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Conventional | 1 | 1.9% | 100% | $105,000 | |
Rocket Mortgage
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FHA | 1 | 1.9% | 50% | $265,000 | |
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A+5.0 ★Texas Ratio: 4.72% |
Conventional | 1 | 1.9% | 100% | $175,000 | View |
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A+5.0 ★Texas Ratio: 0.14% |
Conventional | 1 | 1.9% | 100% | $355,000 | View |
Lakeview Loan Servicing, LLC
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VA | 1 | 1.9% | 100% | $515,000 | |
Guild Mortgage Company
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VA | 1 | 1.9% | 100% | $245,000 | |
American Financing Corporation
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Conventional | 1 | 1.9% | 100% | $105,000 | |
New Day Financial, LLC.
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VA | 1 | 1.9% | 100% | $275,000 | |
Summit Credit Union
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Conventional | 1 | 1.9% | 100% | $165,000 | |
Nations Lending Corporation
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Conventional | 1 | 1.9% | 100% | $185,000 | |
Milend, Inc
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Conventional | 1 | 1.9% | 100% | $285,000 | |
Nationstar Mortgage
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Conventional | 1 | 1.9% | 100% | $135,000 | |
Prosperity Home Mortgage, LLC
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USDA | 1 | 1.9% | 100% | $255,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Lanesboro 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 Lanesboro, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Lanesboro? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Lanesboro in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Lanesboro, MN
Use these to narrow the list above. Each category shows how many Lanesboro, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Lanesboro, MN
Independent mortgage companies closed 36.5 percent of home loans in Lanesboro, Minnesota in 2025, banks 46.2 percent and credit unions 17.3 percent. Compeer Financial was the largest mortgage company, Merchants Bank, National Association the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Merchants Bank, National Association led with 7 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 Lanesboro, MN
By home loans closed in 2025, Merchants Bank, National Association was the largest mortgage lender in Lanesboro, Minnesota with 7 loans, about 13.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
2 lenders closed FHA loans in Lanesboro, Minnesota in 2025, led by Mortgage Research Center with 1. 4 lenders closed VA loans, led by Mortgage Research Center, 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. 10 banks and 6 credit unions closed home loans in Lanesboro, Minnesota in 2025, alongside 13 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 Lanesboro, 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 Lanesboro, 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 Lanesboro. 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.
