Mortgage Lenders and Brokers in Lastrup, 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
Lastrup, Minnesota mortgage lenders include Farmers & Merchants State BankFarmers & Merchants State Bank110 Meeker Ave W, Eden Valley, MN 55329A5.0 ★Texas Ratio: 9.66%, Magnifi Financial Credit UnionMagnifi Financial Credit Union641 Railroad Ave, Albany, MN 56307A+5.0 ★Texas Ratio: 1.40%, First Western Bank & TrustFirst Western Bank & Trust3313 Highway 29 S, Alexandria, MN 56308A-5.0 ★Texas Ratio: 15.55%, The First National Bank of MilacaThe First National Bank of Milaca10225 115th Street NE, Gilman, MN 56333A+5.0 ★Texas Ratio: 1.77%, Sherburne State BankSherburne State Bank12500 Sherburne Avenue, Becker, MN 55308A+5.0 ★Texas Ratio: 0.20%, Woodlands National BankWoodlands National Bank240 North Rd, Cloquet, MN 55720A+5.0 ★Texas Ratio: 5.99%, Frandsen Bank & TrustFrandsen Bank & Trust410 2nd St W, Ada, MN 56510A+5.0 ★Texas Ratio: 5.91%, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Merchants Bank, National AssociationMerchants Bank, National Association7300 147th St W, Apple Valley, MN 55124A+5.0 ★Texas Ratio: 3.28%, and Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%. 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 Lastrup, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Lastrup 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 Lastrup, Minnesota
Market share is the lender's share of all home loans closed in Lastrup, 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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110 Meeker Ave W, Eden Valley, MN 55329 A5.0 ★Texas Ratio: 9.66% |
Conventional | 8 | 15.1% | 100% | $132,500 | View |
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641 Railroad Ave, Albany, MN 56307 A+5.0 ★Texas Ratio: 1.40% |
Conventional | 3 | 5.7% | 100% | $181,666 | View |
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3313 Highway 29 S, Alexandria, MN 56308 A-5.0 ★Texas Ratio: 15.55% |
Conventional | 3 | 5.7% | 100% | $241,666 | View |
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10225 115th Street NE, Gilman, MN 56333 A+5.0 ★Texas Ratio: 1.77% |
Conventional | 2 | 3.8% | 100% | $135,000 | View |
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12500 Sherburne Avenue, Becker, MN 55308 A+5.0 ★Texas Ratio: 0.20% |
Conventional | 2 | 3.8% | 100% | $565,000 | View |
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240 North Rd, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 5.99% |
Conventional | 2 | 3.8% | 75% | $185,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 2 | 3.8% | 100% | $365,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 1 | 1.9% | 100% | $535,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 1.9% | 50% | $135,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
VA | 1 | 1.9% | 100% | $345,000 | View |
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104 Avon Ave N, Avon, MN 56310 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 1.9% | 100% | $555,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional | 1 | 1.9% | 100% | $35,000 | View |
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6340 Merchant St, Askov, MN 55704 A+5.0 ★Texas Ratio: 3.46% |
Conventional | 1 | 1.9% | 100% | $725,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 1 | 1.9% | 100% | $45,000 | View |
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3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
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 | |
Servion
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FHA | 1 | 1.9% | 100% | $165,000 | |
Cambria Financial Group
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Conventional | 1 | 1.9% | 100% | $525,000 | |
Rocket Mortgage
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Conventional, VA, Jumbo | 5 | 9.4% | 71.4% | $421,000 | |
Primelending
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Conventional | 2 | 3.8% | 100% | $285,000 | |
New American Funding, LLC.
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Conventional, FHA | 2 | 3.8% | 100% | $305,000 | |
Spring Eq, LLC
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Conventional | 2 | 3.8% | 100% | $70,000 | |
United Wholesale Mortgage
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Conventional | 1 | 1.9% | 100% | $395,000 | |
Freedom Mortgage Corporation
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FHA | 1 | 1.9% | 100% | $205,000 | |
Newrez LLC
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VA | 1 | 1.9% | 100% | $325,000 | |
Compeer Financial
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Conventional | 1 | 1.9% | 50% | $275,000 | |
Discover Bank
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Conventional | 1 | 1.9% | 100% | $55,000 | |
Credit Union 1
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Conventional | 1 | 1.9% | 100% | $155,000 | |
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A+5.0 ★Texas Ratio: 2.20% |
VA, Jumbo | 1 | 1.9% | 100% | $875,000 | View |
Navy Federal Credit Union
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VA | 1 | 1.9% | 100% | $375,000 | |
21St Mortgage
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Conventional | 1 | 1.9% | 100% | $185,000 | |
Carrington Mortgage Services LLC
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FHA | 1 | 1.9% | 100% | $125,000 | |
Plaza Home Mortgage, Inc
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FHA | 1 | 1.9% | 100% | $255,000 | |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Lastrup 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 Lastrup, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Lastrup? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Lastrup in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Lastrup, MN
Use these to narrow the list above. Each category shows how many Lastrup, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Lastrup, MN
Independent mortgage companies closed 34 percent of home loans in Lastrup, Minnesota in 2025, banks 52.8 percent and credit unions 13.2 percent. Servion was the largest mortgage company, Farmers & Merchants State Bank the largest bank and Magnifi Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Farmers & Merchants State Bank led with 8 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 Lastrup, MN
By home loans closed in 2025, Farmers & Merchants State Bank was the largest mortgage lender in Lastrup, Minnesota with 8 loans, about 15.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
5 lenders closed FHA loans in Lastrup, Minnesota in 2025, led by Servion with 1. 5 lenders closed VA loans, led by Granite Bank. 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. 16 banks and 7 credit unions closed home loans in Lastrup, 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 Lastrup, 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 Lastrup, 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 Lastrup. 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.
