Mortgage Lenders and Brokers in Milaca, 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
Milaca, Minnesota mortgage lenders include The First National Bank of MilacaThe First National Bank of Milaca190 2nd Ave Sw, Milaca, MN 56353A+5.0 ★Texas Ratio: 1.77%, Blaze Credit UnionBlaze Credit Union400 3rd Ave SW, Milaca, MN 56353A5.0 ★Texas Ratio: 6.19%, Merchants Bank, National AssociationMerchants Bank, National Association7300 147th St W, Apple Valley, MN 55124A+5.0 ★Texas Ratio: 3.28%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, First Bank & TrustFirst Bank & Trust234 1st Ave E, Cambridge, MN 55008A+5.0 ★Texas Ratio: 3.79%, Old National BankOld National Bank101 Minnesota Ave N, Aitkin, MN 56431A+5.0 ★Texas Ratio: 4.98%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, and St. Cloud Financial Credit UnionSt. Cloud Financial Credit Union5600 La Centre Ave Ste 100, Albertville, MN 55301 4018A+5.0 ★Texas Ratio: 3.54%. 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 Milaca, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Milaca 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 Milaca, Minnesota
Market share is the lender's share of all home loans closed in Milaca, 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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190 2nd Ave Sw, Milaca, MN 56353 A+5.0 ★Texas Ratio: 1.77% |
Conventional | 15 | 14.2% | 83.3% | $94,333 | View |
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400 3rd Ave SW, Milaca, MN 56353 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 9 +8 HELOCs |
8.5% | 90.9% | $55,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 3 | 2.8% | 100% | $218,333 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA | 3 | 2.8% | 75% | $105,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 2 | 1.9% | 50% | $210,000 | View |
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234 1st Ave E, Cambridge, MN 55008 A+5.0 ★Texas Ratio: 3.79% |
Conventional | 2 | 1.9% | 100% | $230,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional | 2 | 1.9% | 100% | $325,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional, FHA | 2 | 1.9% | 100% | $335,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional | 2 | 1.9% | 66.7% | $45,000 | View |
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5600 La Centre Ave Ste 100, Albertville, MN 55301 4018 A+5.0 ★Texas Ratio: 3.54% |
Conventional | 2 | 1.9% | 100% | $155,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 2 | 1.9% | 100% | $80,000 | View |
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15 Minnesota Ave S, Aitkin, MN 56431 B4.5 ★Texas Ratio: 21.20% |
Conventional | 1 | 0.9% | 100% | $155,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 1 | 0.9% | 100% | $235,000 | View |
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12500 Sherburne Avenue, Becker, MN 55308 A+5.0 ★Texas Ratio: 0.20% |
Conventional | 1 | 0.9% | 100% | $805,000 | View |
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183 Cedar Dr, Foley, MN 56329 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 1 | 0.9% | 100% | $145,000 | View |
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112 Main St, Bertha, MN 56437 F1.0 ★Texas Ratio: 70.30% |
Conventional | 1 | 0.9% | 100% | $165,000 | View |
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2121 Station Pkwy NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 2.50% |
Conventional | 1 | 0.9% | 100% | $15,000 | View |
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730 Humboldt Dr, Big Lake, MN 55309 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.9% | 100% | $465,000 | View |
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321 Washburn Ave, Belgrade, MN 56312 A+5.0 ★Texas Ratio: 4.45% |
Conventional | 1 | 0.9% | 100% | $155,000 | View |
Servion
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Conventional, USDA | 2 | 1.9% | 100% | $240,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA, USDA | 11 | 10.4% | 100% | $253,181 | |
Everett Financial, Inc.
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Conventional, VA | 5 | 4.7% | 100% | $279,000 | |
Homeowners Financial Group, LLC
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Conventional, FHA, USDA | 4 | 3.8% | 100% | $202,500 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, VA | 4 | 3.8% | 100% | $230,000 | |
New American Funding, LLC.
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Conventional | 4 | 3.8% | 80% | $182,500 | |
United Wholesale Mortgage
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FHA, VA, HELOC | 3 +1 HELOCs |
2.8% | 60% | $261,666 | |
Rocket Mortgage
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Conventional, FHA | 3 | 2.8% | 75% | $185,000 | |
Guaranteed Rate, Inc.
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FHA | 2 | 1.9% | 100% | $265,000 | |
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A+5.0 ★Texas Ratio: 5.05% |
Conventional, FHA | 2 | 1.9% | 100% | $115,000 | View |
Mortgage Research Center
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VA | 2 | 1.9% | 100% | $285,000 | |
Megastar Finanacial Corp
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Conventional, FHA | 2 | 1.9% | 100% | $195,000 | |
Pennymac Loan Services LLC
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VA | 1 | 0.9% | 100% | $435,000 | |
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A+5.0 ★Texas Ratio: 5.50% |
Conventional | 1 | 0.9% | 100% | $285,000 | View |
Land Home Financial Services,
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Conventional | 1 | 0.9% | 100% | $235,000 | |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.9% | 100% | $165,000 | View |
Nationstar Mortgage
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Conventional | 1 | 0.9% | 100% | $55,000 | |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional | 1 | 0.9% | 100% | $255,000 | View |
Zillow Home Loans, LLC
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FHA | 1 | 0.9% | 100% | $245,000 | |
Fairway Independent Mort Corp
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FHA | 1 | 0.9% | 100% | $265,000 | |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.9% | 50% | $125,000 | |
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A5.0 ★Texas Ratio: 9.09% |
Conventional | 1 | 0.9% | 100% | $265,000 | View |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
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A5.0 ★Texas Ratio: 6.31% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Milaca 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 Milaca, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Milaca? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Milaca in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Milaca, MN
Use these to narrow the list above. Each category shows how many Milaca, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Milaca, MN
Independent mortgage companies closed 47.2 percent of home loans in Milaca, Minnesota in 2025, banks 39.6 percent and credit unions 13.2 percent. Servion was the largest mortgage company, The First National Bank of Milaca the largest bank and Blaze Credit Union the largest credit union. Among lenders headquartered in Minnesota, The First National Bank of Milaca 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 Milaca, MN
By home loans closed in 2025, The First National Bank of Milaca was the largest mortgage lender in Milaca, Minnesota with 15 loans, about 14.2 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
12 lenders closed FHA loans in Milaca, Minnesota in 2025, led by Prosperity Home Mortgage, LLC with 2. 6 lenders closed VA loans, led by Everett Financial, Inc., and 3 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. 21 banks and 5 credit unions closed home loans in Milaca, Minnesota in 2025, alongside 19 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 Milaca, 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 Milaca, 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 Milaca. 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.
