Mortgage Lenders and Brokers in Mahtowa, 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
Mahtowa, Minnesota mortgage lenders include Northwoods Credit UnionNorthwoods Credit Union1702 Avenue B, Cloquet, MN 55720A+5.0 ★Texas Ratio: 3.53%, Northview BankNorthview Bank6340 Merchant St, Askov, MN 55704A+5.0 ★Texas Ratio: 3.46%, Members Cooperative Credit UnionMembers Cooperative Credit Union108 Minnesota Ave N, Aitkin, MN 56431 1410A5.0 ★Texas Ratio: 10.43%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, North Shore Bank of CommerceNorth Shore Bank of Commerce4801 E Superior St, Duluth, MN 55804A+5.0 ★Texas Ratio: 1.35%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Harbor Pointe Credit UnionHarbor Pointe Credit Union11 W 2nd St, Duluth, MN 55802 2014A5.0 ★Texas Ratio: 7.61%, Centricity Credit UnionCentricity Credit Union2501 London Rd, Duluth, MN 55812A+5.0 ★Texas Ratio: 3.95%, Frandsen Bank & TrustFrandsen Bank & Trust410 2nd St W, Ada, MN 56510A+5.0 ★Texas Ratio: 5.91%, and US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%. 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 Mahtowa, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Mahtowa 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 Mahtowa, Minnesota
Market share is the lender's share of all home loans closed in Mahtowa, 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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1702 Avenue B, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 15 | 18.3% | 76.2% | $89,666 | View |
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6340 Merchant St, Askov, MN 55704 A+5.0 ★Texas Ratio: 3.46% |
Conventional | 6 | 7.3% | 66.7% | $190,000 | View |
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108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
Conventional, HELOC | 5 +4 HELOCs |
6.1% | 55.6% | $163,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional | 4 | 4.9% | 80% | $197,500 | View |
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4801 E Superior St, Duluth, MN 55804 A+5.0 ★Texas Ratio: 1.35% |
Conventional | 3 | 3.7% | 100% | $311,666 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 2 | 2.4% | 100% | $260,000 | View |
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11 W 2nd St, Duluth, MN 55802 2014 A5.0 ★Texas Ratio: 7.61% |
Conventional | 2 | 2.4% | 100% | $155,000 | View |
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2501 London Rd, Duluth, MN 55812 A+5.0 ★Texas Ratio: 3.95% |
Conventional | 2 | 2.4% | 100% | $40,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 2 | 2.4% | 66.7% | $150,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 1 | 1.2% | 100% | $35,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 1.2% | 100% | $375,000 | View |
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406 E Poplar St, Belle Plaine, MN 56011 A5.0 ★Texas Ratio: 6.12% |
Conventional | 1 | 1.2% | 100% | $155,000 | View |
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22 1st St Ne, Bagley, MN 56621 A+5.0 ★Texas Ratio: 5.00% |
Conventional | 1 | 1.2% | 100% | $635,000 | View |
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20 Hartman Dr, Moose Lake, MN 55767 A+5.0 ★Texas Ratio: 0.52% |
Conventional | 1 | 1.2% | 100% | $305,000 | View |
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1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12% |
Conventional | 1 | 1.2% | 100% | $35,000 | View |
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11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 1.2% | 100% | $55,000 | View |
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240 North Rd, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 5.99% |
FHA | 1 | 1.2% | 100% | $525,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Servion
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Conventional | 6 | 7.3% | 100% | $221,666 | |
Mortgage Research Center
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VA | 4 | 4.9% | 80% | $415,000 | |
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A+5.0 ★Texas Ratio: 2.54% |
Conventional, VA | 2 | 2.4% | 100% | $275,000 | View |
CrossCountry Mortgage, LLC
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Conventional, VA | 2 | 2.4% | 100% | $455,000 | |
Compeer Financial
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Conventional | 2 | 2.4% | 66.7% | $240,000 | |
Paramount Residential Mortgage
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VA, USDA | 2 | 2.4% | 100% | $280,000 | |
Guaranteed Rate, Inc.
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Conventional, HELOC | 1 +1 HELOCs |
1.2% | 100% | $525,000 | |
Rocket Mortgage
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Conventional | 1 | 1.2% | 14.3% | $85,000 | |
SWBC Mortgage Corporation
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Conventional | 1 | 1.2% | 100% | $275,000 | |
Freedom Mortgage Corporation
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FHA | 1 | 1.2% | 100% | $435,000 | |
United Trust Bank
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VA | 1 | 1.2% | 100% | $275,000 | |
loanDepot.com LLC
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FHA | 1 | 1.2% | 100% | $355,000 | |
AdvantageFirst Lending Inc
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VA | 1 | 1.2% | 100% | $315,000 | |
Discover Bank
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Conventional | 1 | 1.2% | 100% | $55,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 1.2% | 100% | $225,000 | View |
New Day Financial, LLC.
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VA | 1 | 1.2% | 100% | $145,000 | |
Marine Credit Union
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Conventional | 1 | 1.2% | 100% | $195,000 | |
Nations Lending Corporation
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VA | 1 | 1.2% | 100% | $235,000 | |
Mission Loans, LLC
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Conventional | 1 | 1.2% | 100% | $305,000 | |
New American Funding, LLC.
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Conventional | 1 | 1.2% | 100% | $205,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 1.2% | 100% | $315,000 | View |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a |
Mahtowa 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 Mahtowa, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Mahtowa? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Mahtowa in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Mahtowa, MN
Use these to narrow the list above. Each category shows how many Mahtowa, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Mahtowa, MN
Independent mortgage companies closed 34.1 percent of home loans in Mahtowa, Minnesota in 2025, banks 30.5 percent and credit unions 35.4 percent. Servion was the largest mortgage company, Northview Bank the largest bank and Northwoods Credit Union the largest credit union. Among lenders headquartered in Minnesota, Northwoods Credit Union led with 15 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 Mahtowa, MN
By home loans closed in 2025, Northwoods Credit Union was the largest mortgage lender in Mahtowa, Minnesota with 15 loans, about 18.3 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
3 lenders closed FHA loans in Mahtowa, Minnesota in 2025, led by Woodlands National Bank with 1. 8 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. 17 banks and 6 credit unions closed home loans in Mahtowa, Minnesota in 2025, alongside 17 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 Mahtowa, 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 Mahtowa, 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 Mahtowa. 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.
