Mortgage Lenders and Brokers in Montgomery, 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
Montgomery, Minnesota mortgage lenders include Frandsen Bank & TrustFrandsen Bank & Trust125 1st St S, Montgomery, MN 56069A+5.0 ★Texas Ratio: 5.91%, Cornerstone State BankCornerstone State Bank401 4th St Nw, Montgomery, MN 56069A5.0 ★Texas Ratio: 6.12%, First National Bank of Le CenterFirst National Bank of Le Center701 Ash St Ne, Lonsdale, MN 55046A5.0 ★Texas Ratio: 13.86%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Minnwest BankMinnwest Bank113 N Main St, Belview, MN 56214A+5.0 ★Texas Ratio: 5.77%, First State Bank of Le CenterFirst State Bank of Le Center239 Main St, Henderson, MN 56044A+5.0 ★Texas Ratio: 5.25%, First Bank & TrustFirst Bank & Trust234 1st Ave E, Cambridge, MN 55008A+5.0 ★Texas Ratio: 3.79%, Heartland Credit UnionHeartland Credit Union4001 Lexington Ave N, Arden Hills, MN 55126A+5.0 ★Texas Ratio: 4.68%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, and Old National BankOld National Bank101 Minnesota Ave N, Aitkin, MN 56431A+5.0 ★Texas Ratio: 4.98%. 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 Montgomery, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Montgomery 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 Montgomery, Minnesota
Market share is the lender's share of all home loans closed in Montgomery, 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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1 office in Montgomery 125 1st St S, Montgomery, MN 56069 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 16 | 10.5% | 80% | $173,750 | View |
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401 4th St Nw, Montgomery, MN 56069 A5.0 ★Texas Ratio: 6.12% |
Conventional | 8 | 5.3% | 100% | $235,000 | View |
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701 Ash St Ne, Lonsdale, MN 55046 A5.0 ★Texas Ratio: 13.86% |
Conventional | 7 | 4.6% | 87.5% | $173,571 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, USDA, HELOC | 5 +2 HELOCs |
3.3% | 83.3% | $285,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional, HELOC | 4 +4 HELOCs |
2.6% | 100% | $292,500 | View |
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239 Main St, Henderson, MN 56044 A+5.0 ★Texas Ratio: 5.25% |
Conventional | 4 | 2.6% | 100% | $60,000 | View |
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234 1st Ave E, Cambridge, MN 55008 A+5.0 ★Texas Ratio: 3.79% |
Conventional, HELOC | 3 +1 HELOCs |
2% | 100% | $81,666 | View |
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4001 Lexington Ave N, Arden Hills, MN 55126 A+5.0 ★Texas Ratio: 4.68% |
Conventional | 3 | 2% | 75% | $58,333 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 2 +6 HELOCs |
1.3% | 66.7% | $190,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 2 +1 HELOCs |
1.3% | 100% | $530,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 2 | 1.3% | 60% | $150,000 | View |
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1600 Monroe Drive, Carver, MN 55315 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 2 | 1.3% | 66.7% | $185,000 | View |
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101 Old Town Rd, Elko New Market, MN 55054 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 2 | 1.3% | 100% | $280,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 2 | 1.3% | 100% | $220,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 1 +2 HELOCs |
0.7% | 100% | $75,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
FHA, HELOC | 1 +1 HELOCs |
0.7% | 100% | $335,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 1 | 0.7% | 100% | $235,000 | View |
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13735 Round Lake Blvd NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 5.40% |
Conventional | 1 | 0.7% | 100% | $65,000 | View |
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808 W Broadway Ave, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 0.72% |
Conventional | 1 | 0.7% | 100% | $235,000 | View |
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11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 0.7% | 100% | $265,000 | View |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional | 1 | 0.7% | 100% | $555,000 | View |
Minnesota Valley Federal Credit Union
100 Memorial View Ct, Mankato, MN 56001 |
Conventional | 1 | 0.7% | 100% | $235,000 | |
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14985 Glazier Ave, Apple Valley, MN 55124 |
HELOC | 0 +4 HELOCs |
0% | n/a | View | |
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14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Summit Mortgage Corporation
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Conventional, VA | 3 | 2% | 100% | $388,333 | |
Cambria Financial Group
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Conventional | 1 | 0.7% | 100% | $285,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 11 | 7.2% | 91.7% | $313,181 | |
Rocket Mortgage
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Conventional, FHA, VA | 9 | 5.9% | 100% | $320,555 | |
loanDepot.com LLC
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Conventional, FHA | 5 | 3.3% | 83.3% | $175,000 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA, Jumbo | 5 | 3.3% | 100% | $511,000 | |
Mortgage Research Center
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VA | 5 | 3.3% | 100% | $273,000 | |
CrossCountry Mortgage, LLC
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FHA, USDA | 3 | 2% | 75% | $201,666 | |
Compeer Financial
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Conventional, Jumbo | 3 | 2% | 80% | $501,666 | |
Freedom Mortgage Corporation
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FHA, VA | 2 | 1.3% | 100% | $320,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional, FHA | 2 | 1.3% | 100% | $235,000 | View |
Guaranteed Rate, Inc.
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Conventional, FHA | 2 | 1.3% | 66.7% | $265,000 | |
Everett Financial, Inc.
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Conventional, FHA | 2 | 1.3% | 100% | $455,000 | |
Newrez LLC
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Conventional | 2 | 1.3% | 66.7% | $495,000 | |
Cardinal Financial Company, Li
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Conventional | 2 | 1.3% | 100% | $285,000 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA | 2 | 1.3% | 100% | $265,000 | |
Mld Mortgage, Inc.Dba the Money Store
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Conventional | 2 | 1.3% | 100% | $325,000 | |
Fairway Independent Mort Corp
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Conventional, FHA | 2 | 1.3% | 100% | $265,000 | |
Navy Federal Credit Union
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VA | 2 | 1.3% | 100% | $235,000 | |
SWBC Mortgage Corporation
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FHA | 1 | 0.7% | 100% | $535,000 | |
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D3.3 ★Texas Ratio: 35.11% |
FHA | 1 | 0.7% | 100% | $295,000 | View |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.7% | 100% | $335,000 | |
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A+5.0 ★Texas Ratio: 5.29% |
Conventional | 1 | 0.7% | 100% | $345,000 | View |
Resicentral LLC
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Conventional | 1 | 0.7% | 100% | $355,000 | |
Guild Mortgage Company
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USDA | 1 | 0.7% | 100% | $355,000 | |
Cmg Mortgage Inc
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FHA | 1 | 0.7% | 100% | $195,000 | |
Discover Bank
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Conventional | 1 | 0.7% | 100% | $95,000 | |
Union Home Mortgage Corp.
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FHA | 1 | 0.7% | 100% | $215,000 | |
Homeowners Financial Group, LLC
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Conventional | 1 | 0.7% | 100% | $265,000 | |
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A+5.0 ★Texas Ratio: 4.81% |
VA | 1 | 0.7% | 100% | $335,000 | View |
American Pacific Mortgage Corporation
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VA | 1 | 0.7% | 100% | $445,000 | |
Nationstar Mortgage
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Conventional | 1 | 0.7% | 100% | $55,000 | |
Empeople Credit Union
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Conventional | 1 | 0.7% | 100% | $175,000 | |
Mutual of Omaha Mortgage
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FHA | 1 | 0.7% | 100% | $305,000 | |
New American Funding, LLC.
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Conventional | 1 | 0.7% | 100% | $325,000 | |
Village Capital & Investment
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FHA | 1 | 0.7% | 100% | $215,000 | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
Valon Mortgage
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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C3.9 ★Texas Ratio: 27.97% |
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 | |
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A+5.0 ★Texas Ratio: 3.17% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Montgomery 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 Montgomery, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Montgomery? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Montgomery in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Montgomery, MN
Use these to narrow the list above. Each category shows how many Montgomery, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Montgomery, MN
Independent mortgage companies closed 49.3 percent of home loans in Montgomery, Minnesota in 2025, banks 43.4 percent and credit unions 7.2 percent. Summit Mortgage Corporation was the largest mortgage company, Frandsen Bank & Trust the largest bank and Heartland Credit Union the largest credit union. Among lenders headquartered in Minnesota, Frandsen Bank & Trust led with 16 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 Montgomery, MN
By home loans closed in 2025, Frandsen Bank & Trust was the largest mortgage lender in Montgomery, Minnesota with 16 loans, about 10.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
19 lenders closed FHA loans in Montgomery, Minnesota in 2025, led by Rocket Mortgage with 4. 9 lenders closed VA loans, led by Mortgage Research Center, 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. 24 banks and 10 credit unions closed home loans in Montgomery, Minnesota in 2025, alongside 32 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 Montgomery, 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 Montgomery, 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 Montgomery. 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.
