Mortgage Lenders and Brokers in Luverne, 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
Luverne, Minnesota mortgage lenders include Minnwest BankMinnwest Bank116 E Main St, Luverne, MN 56156A+5.0 ★Texas Ratio: 5.77%, Security Savings BankSecurity Savings Bank310 W Gabrielson Rd, Luverne, MN 56156A+5.0 ★Texas Ratio: 0.70%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, First State Bank SouthwestFirst State Bank Southwest11665 110th St, Edgerton, MN 56128A4.7 ★Texas Ratio: 6.01%, First Bank & TrustFirst Bank & Trust234 1st Ave E, Cambridge, MN 55008A+5.0 ★Texas Ratio: 3.79%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA15103 Cedar Ave, Apple Valley, MN 55124A+5.0 ★Texas Ratio: 3.68%, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%, and SouthPoint Financial Credit UnionSouthPoint Financial Credit Union715 Crossroads Campus Dr NE, Buffalo, MN 55313 5074A+5.0 ★Texas Ratio: 1.13%. 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 Luverne, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Luverne 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 Luverne, Minnesota
Market share is the lender's share of all home loans closed in Luverne, 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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2 offices in Luverne 116 E Main St, Luverne, MN 56156 A+5.0 ★Texas Ratio: 5.77% |
Conventional, HELOC | 8 +13 HELOCs |
7.1% | 80% | $186,250 | View |
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1 office in Luverne 310 W Gabrielson Rd, Luverne, MN 56156 A+5.0 ★Texas Ratio: 0.70% |
Conventional | 7 | 6.2% | 77.8% | $107,857 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 4 +2 HELOCs |
3.6% | 80% | $252,500 | View |
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11665 110th St, Edgerton, MN 56128 A4.7 ★Texas Ratio: 6.01% |
Conventional | 3 | 2.7% | 100% | $148,333 | View |
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234 1st Ave E, Cambridge, MN 55008 A+5.0 ★Texas Ratio: 3.79% |
FHA | 1 | 0.9% | 100% | $435,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.9% | 50% | $345,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 1 | 0.9% | 100% | $495,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 1 | 0.9% | 100% | $145,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.9% | 50% | $55,000 | View |
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715 Crossroads Campus Dr NE, Buffalo, MN 55313 5074 A+5.0 ★Texas Ratio: 1.13% |
Conventional | 1 | 0.9% | 100% | $55,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA, VA | 20 | 17.9% | 95.2% | $190,000 | View |
Newrez LLC
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Conventional, USDA | 7 | 6.2% | 100% | $220,714 | |
First International Bank & Trust
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Conventional, USDA, HELOC | 4 +2 HELOCs |
3.6% | 80% | $212,500 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 4 | 3.6% | 100% | $230,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 4 | 3.6% | 83.3% | $242,500 | |
Compeer Financial
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Conventional | 4 | 3.6% | 100% | $490,000 | |
Nationstar Mortgage
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Conventional | 4 | 3.6% | 100% | $67,500 | |
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A+5.0 ★Texas Ratio: 2.72% |
Conventional, FHA | 3 | 2.7% | 100% | $221,666 | View |
Iowa Bankers Mortgage Corporation
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Conventional | 3 | 2.7% | 100% | $141,666 | |
CrossCountry Mortgage, LLC
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FHA, USDA, HELOC | 2 +1 HELOCs |
1.8% | 100% | $195,000 | |
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A+5.0 ★Texas Ratio: 0.42% |
Conventional, HELOC | 2 +1 HELOCs |
1.8% | 66.7% | $230,000 | View |
Freedom Mortgage Corporation
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FHA, VA | 2 | 1.8% | 57.1% | $105,000 | |
Levo Federal Credit Union
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Conventional | 2 | 1.8% | 100% | $100,000 | |
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A+5.0 ★Texas Ratio: 4.05% |
Conventional | 2 | 1.8% | 100% | $210,000 | View |
Homeowners Financial Group, LLC
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Conventional, FHA | 2 | 1.8% | 100% | $100,000 | |
Service First Federal Credit Union
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Conventional, VA | 2 | 1.8% | 100% | $230,000 | |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional, USDA | 2 | 1.8% | 100% | $180,000 | View |
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A+5.0 ★Texas Ratio: 3.28% |
Conventional | 2 | 1.8% | 100% | $220,000 | View |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.9% | 100% | $195,000 | View |
Primary Residential Mortgage, INC.
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FHA | 1 | 0.9% | 100% | $255,000 | |
Kind Lending, LLC
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Conventional | 1 | 0.9% | 100% | $185,000 | |
loanDepot.com LLC
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Conventional | 1 | 0.9% | 100% | $75,000 | |
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C3.9 ★Texas Ratio: 27.97% |
Conventional | 1 | 0.9% | 100% | $135,000 | View |
Mortgage Research Center
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VA | 1 | 0.9% | 50% | $255,000 | |
Prosperity Home Mortgage, LLC
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Conventional | 1 | 0.9% | 100% | $275,000 | |
New American Funding, LLC.
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FHA | 1 | 0.9% | 100% | $105,000 | |
Fairway Independent Mort Corp
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Conventional | 1 | 0.9% | 100% | $95,000 | |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.9% | 100% | $55,000 | |
Loan Simple, Inc.
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Conventional | 1 | 0.9% | 100% | $215,000 | |
Plaza Home Mortgage, Inc
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VA | 1 | 0.9% | 100% | $315,000 | |
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A+5.0 ★Texas Ratio: 4.82% |
Conventional | 1 | 0.9% | 100% | $255,000 | View |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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★ 1 stars, 1 review A+5.0 ★Texas Ratio: 4.72% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Luverne 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 Luverne, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Luverne? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Luverne in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Luverne, MN
Use these to narrow the list above. Each category shows how many Luverne, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Luverne, MN
Independent mortgage companies closed 38.4 percent of home loans in Luverne, Minnesota in 2025, banks 56.2 percent and credit unions 5.4 percent. Newrez LLC was the largest mortgage company, Minnwest Bank the largest bank and SouthPoint Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Minnwest 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 Luverne, MN
By home loans closed in 2025, Minnwest Bank was the largest mortgage lender in Luverne, Minnesota with 8 loans, about 7.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
10 lenders closed FHA loans in Luverne, Minnesota in 2025, led by Plains Commerce Bank with 5. 7 lenders closed VA loans, led by Plains Commerce Bank, and 4 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. 19 banks and 4 credit unions closed home loans in Luverne, Minnesota in 2025, alongside 21 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 Luverne, 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 Luverne, 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 Luverne. 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.
