Mortgage Lenders and Brokers in Mahtomedi, 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
Mahtomedi, Minnesota mortgage lenders include Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Blaze Credit UnionBlaze Credit Union10 Northtown Dr NE, Blaine, MN 55434 1033A5.0 ★Texas Ratio: 6.19%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, Alerus Financial NAAlerus Financial NA143 W Clark St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 3.32%, Old National BankOld National Bank101 Minnesota Ave N, Aitkin, MN 56431A+5.0 ★Texas Ratio: 4.98%, Lake Elmo BankLake Elmo Bank11020 39th St N, Lake Elmo, MN 55042A5.0 ★Texas Ratio: 7.45%, Huntington National BankHuntington National Bank405 E Main St, Anoka, MN 55303A+5.0 ★Texas Ratio: 3.66%, and Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%. 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 Mahtomedi, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Mahtomedi 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 Mahtomedi, Minnesota
Market share is the lender's share of all home loans closed in Mahtomedi, 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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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, Jumbo, HELOC | 17 +3 HELOCs |
10% | 94.4% | $436,176 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 6 +9 HELOCs |
3.5% | 100% | $368,333 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 6 +3 HELOCs |
3.5% | 85.7% | $133,333 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 5 +5 HELOCs |
2.9% | 83.3% | $141,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 4 +3 HELOCs |
2.4% | 80% | $325,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, HELOC | 4 +1 HELOCs |
2.4% | 100% | $340,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 3 +4 HELOCs |
1.8% | 100% | $421,666 | View |
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11020 39th St N, Lake Elmo, MN 55042 A5.0 ★Texas Ratio: 7.45% |
Conventional, Jumbo | 3 | 1.8% | 100% | $431,666 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 2 +1 HELOCs |
1.2% | 66.7% | $470,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 2 | 1.2% | 100% | $295,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 2 | 1.2% | 100% | $235,000 | View |
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950 Highway 95 N, Bayport, MN 55003 A+5.0 ★Texas Ratio: 0.25% |
Conventional | 2 | 1.2% | 100% | $475,000 | View |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional, Jumbo | 2 | 1.2% | 66.7% | $1,240,000 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional, HELOC | 1 +5 HELOCs |
0.6% | 100% | $665,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.6% | 100% | $315,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional | 1 | 0.6% | 100% | $105,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 0.6% | 100% | $405,000 | View |
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2121 Station Pkwy NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 2.50% |
Conventional | 1 | 0.6% | 100% | $95,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.6% | 100% | $345,000 | View |
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7667 10th St N, Oakdale, MN 55128 A+5.0 ★Texas Ratio: 2.38% |
Conventional | 1 | 0.6% | 100% | $225,000 | View |
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412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54% |
Conventional, Jumbo | 1 | 0.6% | 100% | $1,505,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 1 | 0.6% | 100% | $225,000 | View |
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14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
Conventional | 1 | 0.6% | 100% | $365,000 | View |
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3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
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14989 Florence Trl, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 1.78% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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4001 Lexington Ave N, Arden Hills, MN 55126 A+5.0 ★Texas Ratio: 4.68% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Summit Mortgage Corporation
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Conventional | 4 | 2.4% | 100% | $325,000 | |
Cambria Financial Group
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Conventional | 1 | 0.6% | 100% | $285,000 | |
United Wholesale Mortgage
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Conventional, HELOC | 11 +1 HELOCs |
6.5% | 100% | $351,363 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, VA | 10 | 5.9% | 90.9% | $428,000 | |
Rocket Mortgage
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Conventional | 7 | 4.1% | 77.8% | $240,714 | |
CrossCountry Mortgage, LLC
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Conventional, Jumbo | 7 | 4.1% | 100% | $490,714 | |
Guaranteed Rate, Inc.
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Conventional, VA | 5 | 2.9% | 83.3% | $431,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional, Jumbo, HELOC | 4 +4 HELOCs |
2.4% | 100% | $855,000 | View |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 4 | 2.4% | 100% | $435,000 | View |
Pennymac Loan Services LLC
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Conventional | 3 | 1.8% | 100% | $388,333 | |
Cmg Mortgage Inc
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Conventional | 3 | 1.8% | 100% | $248,333 | |
American Pacific Mortgage Corporation
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Conventional | 3 | 1.8% | 100% | $275,000 | |
Fairway Independent Mort Corp
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Conventional | 3 | 1.8% | 100% | $445,000 | |
Cardinal Financial Company, Li
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Conventional | 2 | 1.2% | 100% | $435,000 | |
Mutual of Omaha Mortgage
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Conventional | 2 | 1.2% | 100% | $270,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 2 | 1.2% | 100% | $70,000 | View |
Midwestone Bank
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Conventional, HELOC | 1 +9 HELOCs |
0.6% | 100% | $215,000 | |
Guaranteed Rate Affinity, LLC
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Conventional, Jumbo | 1 | 0.6% | 100% | $1,125,000 | |
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A+5.0 ★Texas Ratio: 0.14% |
Conventional | 1 | 0.6% | 100% | $585,000 | View |
Greenstate Credit Union
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Conventional | 1 | 0.6% | 100% | $775,000 | |
SWBC Mortgage Corporation
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Conventional | 1 | 0.6% | 100% | $515,000 | |
Everett Financial, Inc.
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Conventional | 1 | 0.6% | 100% | $515,000 | |
Lakeview Loan Servicing, LLC
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FHA | 1 | 0.6% | 50% | $445,000 | |
Freedom Mortgage Corporation
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FHA | 1 | 0.6% | 100% | $215,000 | |
Newrez LLC
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Conventional | 1 | 0.6% | 33.3% | $385,000 | |
Go Mortgage, LLC
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Conventional | 1 | 0.6% | 100% | $365,000 | |
Sage Home Loans Corporation
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Conventional | 1 | 0.6% | 100% | $345,000 | |
loanDepot.com LLC
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Conventional | 1 | 0.6% | 100% | $455,000 | |
Discover Bank
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Conventional | 1 | 0.6% | 50% | $55,000 | |
Union Home Mortgage Corp.
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Conventional | 1 | 0.6% | 100% | $275,000 | |
SIRVA Mortgage, Inc.
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Conventional, Jumbo | 1 | 0.6% | 50% | $1,105,000 | |
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A+5.0 ★Texas Ratio: 1.08% |
Conventional | 1 | 0.6% | 100% | $775,000 | View |
Provident Funding Associates
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Conventional | 1 | 0.6% | 100% | $475,000 | |
Altra Federal Credit Union
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Conventional | 1 | 0.6% | 100% | $465,000 | |
Gardner Financial Services
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Conventional | 1 | 0.6% | 100% | $525,000 | |
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A5.0 ★Texas Ratio: 6.31% |
Conventional | 1 | 0.6% | 100% | $145,000 | View |
Nationstar Mortgage
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Conventional | 1 | 0.6% | 100% | $65,000 | |
Megastar Finanacial Corp
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Conventional | 1 | 0.6% | 100% | $315,000 | |
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A-5.0 ★Texas Ratio: 14.93% |
Conventional | 1 | 0.6% | 100% | $295,000 | View |
RoundPoint Mortgage Servicing LLC
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Conventional | 1 | 0.6% | 100% | $675,000 | |
New American Funding, LLC.
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Conventional | 1 | 0.6% | 100% | $255,000 | |
The Loan Store, Inc
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Conventional | 1 | 0.6% | 100% | $415,000 | |
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A4.8 ★Texas Ratio: 2.45% |
Conventional, Jumbo | 1 | 0.6% | 100% | $1,085,000 | View |
Navy Federal Credit Union
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Conventional | 1 | 0.6% | 100% | $65,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.6% | 100% | $355,000 | View |
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A+5.0 ★Texas Ratio: 5.55% |
Conventional, Jumbo | 1 | 0.6% | 100% | $1,005,000 | View |
Spring Eq, LLC
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Conventional | 1 | 0.6% | 100% | $155,000 | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Mahtomedi 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 Mahtomedi, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Mahtomedi? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Mahtomedi in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Mahtomedi, MN
Use these to narrow the list above. Each category shows how many Mahtomedi, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Mahtomedi, MN
Independent mortgage companies closed 49.4 percent of home loans in Mahtomedi, Minnesota in 2025, banks 34.7 percent and credit unions 15.9 percent. Summit Mortgage Corporation was the largest mortgage company, Bell Bank the largest bank and Trustone Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Trustone Financial Credit Union 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 Mahtomedi, MN
By home loans closed in 2025, Bell Bank was the largest mortgage lender in Mahtomedi, Minnesota with 17 loans, about 10 percent of the market. The largest lender headquartered in Minnesota was Trustone Financial Credit Union with 6 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
4 lenders closed FHA loans in Mahtomedi, Minnesota in 2025, led by Bell Bank with 1. 3 lenders closed VA loans, led by Prosperity Home Mortgage, LLC. 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. 28 banks and 13 credit unions closed home loans in Mahtomedi, Minnesota in 2025, alongside 33 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 Mahtomedi, 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 Mahtomedi, 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 Mahtomedi. 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.
