Mortgage Lenders and Brokers in Otsego, 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
Otsego, Minnesota mortgage lenders include The Bank of Elk RiverThe Bank of Elk River15800 88th St Ne, Otsego, MN 55330A-4.8 ★Texas Ratio: 10.95%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, 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%, 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%, Huntington National BankHuntington National Bank405 E Main St, Anoka, MN 55303A+5.0 ★Texas Ratio: 3.66%, Topline Financial Credit UnionTopline Financial Credit Union900 American Blvd W, Bloomington, MN 55420A5.0 ★Texas Ratio: 6.54%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, 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 Otsego, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Otsego 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 Otsego, Minnesota
Market share is the lender's share of all home loans closed in Otsego, 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 Otsego 15800 88th St Ne, Otsego, MN 55330 A-4.8 ★Texas Ratio: 10.95% |
Conventional | 3 | 0.5% | 100% | $178,333 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, HELOC | 21 +2 HELOCs |
3.7% | 87.5% | $367,857 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional, FHA | 17 | 3% | 81% | $339,117 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 15 +11 HELOCs |
2.7% | 75% | $191,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 12 +12 HELOCs |
2.1% | 85.7% | $139,166 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 11 +8 HELOCs |
2% | 76.5% | $235,909 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, HELOC | 10 +2 HELOCs |
1.8% | 90.9% | $354,000 | View |
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900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54% |
Conventional, HELOC | 8 +6 HELOCs |
1.4% | 90% | $268,750 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 7 +1 HELOCs |
1.2% | 77.8% | $95,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA | 6 | 1.1% | 100% | $305,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 5 | 0.9% | 100% | $255,000 | View |
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14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
Conventional, HELOC | 4 +4 HELOCs |
0.7% | 100% | $292,500 | View |
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11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 4 | 0.7% | 100% | $82,500 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional | 3 | 0.5% | 100% | $311,666 | View |
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12500 Sherburne Avenue, Becker, MN 55308 A+5.0 ★Texas Ratio: 0.20% |
Conventional | 3 | 0.5% | 100% | $285,000 | View |
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1121 W Highway 10, Anoka, MN 55303 A+5.0 ★Texas Ratio: 4.65% |
Conventional | 3 | 0.5% | 100% | $255,000 | View |
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15751 87th St NE, Otsego, MN 55330 |
Conventional, HELOC | 2 +17 HELOCs |
0.4% | 100% | $335,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 1 +3 HELOCs |
0.2% | 100% | $185,000 | View |
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234 1st Ave E, Cambridge, MN 55008 A+5.0 ★Texas Ratio: 3.79% |
Conventional | 1 | 0.2% | 50% | $345,000 | View |
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11020 39th St N, Lake Elmo, MN 55042 A5.0 ★Texas Ratio: 7.45% |
Conventional | 1 | 0.2% | 100% | $195,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.2% | 100% | $405,000 | View |
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22 1st St Ne, Bagley, MN 56621 A+5.0 ★Texas Ratio: 5.00% |
Conventional | 1 | 0.2% | 100% | $345,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.2% | 100% | $455,000 | View |
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428 Central Ave N, Faribault, MN 55021 A5.0 ★Texas Ratio: 11.55% |
Conventional | 1 | 0.2% | 100% | $255,000 | View |
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9741 Lyndale Ave S, Bloomington, MN 55420 A+5.0 ★Texas Ratio: 1.58% |
Conventional | 1 | 0.2% | 100% | $65,000 | View |
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5600 La Centre Ave Ste 100, Albertville, MN 55301 4018 A+5.0 ★Texas Ratio: 3.54% |
Conventional | 1 | 0.2% | 100% | $45,000 | View |
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108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
Conventional | 1 | 0.2% | 100% | $375,000 | View |
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4001 Lexington Ave N, Arden Hills, MN 55126 A+5.0 ★Texas Ratio: 4.68% |
Conventional | 1 | 0.2% | 100% | $35,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 1 | 0.2% | 100% | $425,000 | View |
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3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
Conventional | 1 | 0.2% | 100% | $225,000 | View |
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2100 Blaisdell Ave, Minneapolis, MN 55404 A5.0 ★Texas Ratio: 9.43% |
Conventional | 1 | 0.2% | 100% | $305,000 | View |
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7667 10th St N, Oakdale, MN 55128 A+5.0 ★Texas Ratio: 2.38% |
Conventional | 1 | 0.2% | 100% | $215,000 | View |
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321 Washburn Ave, Belgrade, MN 56312 A+5.0 ★Texas Ratio: 4.45% |
Conventional | 1 | 0.2% | 100% | $165,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 1 | 0.2% | 100% | $645,000 | View |
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7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Summit Mortgage Corporation
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Conventional, FHA | 3 | 0.5% | 100% | $385,000 | |
Bremer Bank NA
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Conventional, HELOC | 2 +1 HELOCs |
0.4% | 100% | $220,000 | |
Cambria Financial Group
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Conventional, FHA | 2 | 0.4% | 100% | $425,000 | |
Servion
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Conventional | 1 | 0.2% | 100% | $465,000 | |
Tradition Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $505,000 | |
Lennar Mortgage, LLC
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Conventional, FHA, VA | 57 | 10.1% | 87.7% | $383,596 | |
DHI Mortgage Company, LTD.
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Conventional, FHA, VA | 43 | 7.7% | 97.7% | $412,441 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 32 | 5.7% | 84.6% | $372,812 | |
Rocket Mortgage
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Conventional, FHA, VA, HELOC | 30 +1 HELOCs |
5.3% | 93.9% | $215,666 | |
New American Funding, LLC.
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Conventional, FHA, VA, HELOC | 22 +1 HELOCs |
3.9% | 95.7% | $326,818 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 18 | 3.2% | 100% | $342,777 | |
M/I Financial. LLC
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Conventional, FHA, VA | 17 | 3% | 100% | $397,941 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 16 | 2.8% | 80% | $392,500 | |
Fairway Independent Mort Corp
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Conventional, FHA, VA | 12 | 2.1% | 100% | $355,833 | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA, Jumbo | 11 | 2% | 100% | $339,545 | |
Paramount Residential Mortgage
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Conventional, FHA, VA | 8 | 1.4% | 100% | $302,500 | |
Everett Financial, Inc.
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Conventional, FHA, VA | 7 | 1.2% | 100% | $295,000 | |
Triad Financial Services, Inc.
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Conventional | 6 | 1.1% | 53.8% | $111,666 | |
Lower, LLC
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Conventional, FHA | 6 | 1.1% | 100% | $268,333 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional, FHA, HELOC | 5 +4 HELOCs |
0.9% | 100% | $305,000 | View |
Freedom Mortgage Corporation
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FHA, VA | 5 | 0.9% | 85.7% | $351,000 | |
loanDepot.com LLC
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Conventional, FHA | 5 | 0.9% | 83.3% | $241,000 | |
Movement Mortgage, LLC
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Conventional, FHA | 5 | 0.9% | 100% | $241,000 | |
Waterstone Mortgage Corporation
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Conventional, FHA, VA | 5 | 0.9% | 100% | $239,000 | |
Newrez LLC
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Conventional, FHA, VA | 4 | 0.7% | 57.1% | $345,000 | |
Kind Lending, LLC
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Conventional, FHA | 4 | 0.7% | 100% | $527,500 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, VA | 4 | 0.7% | 100% | $375,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 3 | 0.5% | 100% | $378,333 | View |
Guaranteed Rate Affinity, LLC
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Conventional | 3 | 0.5% | 100% | $348,333 | |
Resicentral LLC
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Conventional | 3 | 0.5% | 100% | $285,000 | |
Union Home Mortgage Corp.
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Conventional | 3 | 0.5% | 100% | $501,666 | |
Mortgage Research Center
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VA | 3 | 0.5% | 100% | $438,333 | |
21St Mortgage
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Conventional | 3 | 0.5% | 42.9% | $91,666 | |
Midwestone Bank
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Conventional, HELOC | 2 +3 HELOCs |
0.4% | 100% | $155,000 | |
Compeer Financial
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Conventional, Jumbo | 2 | 0.4% | 100% | $860,000 | |
Guidance Residential, LLC
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Conventional | 2 | 0.4% | 100% | $335,000 | |
Guild Mortgage Company
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Conventional, FHA | 2 | 0.4% | 100% | $270,000 | |
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A+5.0 ★Texas Ratio: 5.05% |
Conventional, FHA | 2 | 0.4% | 100% | $230,000 | View |
Homeowners Financial Group, LLC
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Conventional | 2 | 0.4% | 100% | $150,000 | |
Cardinal Financial Company, Li
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Conventional | 2 | 0.4% | 50% | $375,000 | |
Nationstar Mortgage
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Conventional, FHA | 2 | 0.4% | 66.7% | $335,000 | |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional | 2 | 0.4% | 100% | $365,000 | View |
Megastar Finanacial Corp
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Conventional | 2 | 0.4% | 100% | $405,000 | |
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A-5.0 ★Texas Ratio: 14.93% |
Conventional | 2 | 0.4% | 100% | $275,000 | View |
Mutual of Omaha Mortgage
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FHA, VA | 2 | 0.4% | 100% | $310,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 2 | 0.4% | 100% | $105,000 | View |
Carrington Mortgage Services LLC
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Conventional, FHA | 2 | 0.4% | 66.7% | $160,000 | |
Plaza Home Mortgage, Inc
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FHA, VA | 2 | 0.4% | 100% | $405,000 | |
Village Capital & Investment
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FHA, VA, Jumbo | 2 | 0.4% | 100% | $570,000 | |
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A5.0 ★Texas Ratio: 6.31% |
Conventional, HELOC | 1 +3 HELOCs |
0.2% | 100% | $565,000 | View |
Goodleap, LLC
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FHA, HELOC | 1 +1 HELOCs |
0.2% | 100% | $235,000 | |
Spring Eq, LLC
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Conventional, HELOC | 1 +1 HELOCs |
0.2% | 16.7% | $35,000 | |
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A5.0 ★Texas Ratio: 13.21% |
Conventional | 1 | 0.2% | 100% | $255,000 | View |
Royal United Mortgage LLC
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Conventional | 1 | 0.2% | 100% | $45,000 | |
Primary Residential Mortgage, INC.
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Conventional | 1 | 0.2% | 100% | $675,000 | |
Gold Star Mortgage Financial Group, Corporation
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FHA | 1 | 0.2% | 100% | $365,000 | |
SWBC Mortgage Corporation
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Conventional | 1 | 0.2% | 100% | $165,000 | |
Lakeview Loan Servicing, LLC
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VA | 1 | 0.2% | 20% | $385,000 | |
Go Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $535,000 | |
Envoy Mortgage, Ltd
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Conventional | 1 | 0.2% | 100% | $415,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.2% | 100% | $515,000 | |
PHH Mortgage Corporation
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Conventional | 1 | 0.2% | 100% | $185,000 | |
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A+5.0 ★Texas Ratio: 4.37% |
Conventional | 1 | 0.2% | 50% | $285,000 | View |
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A5.0 ★Texas Ratio: 8.47% |
Conventional | 1 | 0.2% | 100% | $445,000 | View |
AgCountry Farm Credit Services, FLCA
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Conventional | 1 | 0.2% | 100% | $105,000 | |
Sun West Mortgage Company, Inc
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FHA | 1 | 0.2% | 100% | $445,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.2% | 50% | $105,000 | View |
Bay Equity LLC
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Conventional | 1 | 0.2% | 100% | $375,000 | |
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A+5.0 ★Texas Ratio: 4.01% |
Conventional | 1 | 0.2% | 100% | $225,000 | View |
Premier Lending Inc.
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Conventional | 1 | 0.2% | 100% | $405,000 | |
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A+5.0 ★Texas Ratio: 2.40% |
Conventional | 1 | 0.2% | 100% | $445,000 | View |
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A5.0 ★Texas Ratio: 7.48% |
FHA | 1 | 0.2% | 100% | $195,000 | View |
RoundPoint Mortgage Servicing LLC
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Conventional | 1 | 0.2% | 100% | $465,000 | |
Nations Direct Mortgage, LLC
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FHA | 1 | 0.2% | 100% | $475,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional | 1 | 0.2% | 100% | $205,000 | View |
Florida Capital Bank, N.A
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Conventional | 1 | 0.2% | 100% | $165,000 | |
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A5.0 ★Texas Ratio: 9.09% |
Conventional | 1 | 0.2% | 100% | $355,000 | View |
Mason-McDuffie Mortgage Corporation
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Conventional | 1 | 0.2% | 100% | $425,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional | 1 | 0.2% | 100% | $195,000 | |
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C3.9 ★Texas Ratio: 27.97% |
HELOC | 0 +6 HELOCs |
0% | n/a | View | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Genisys Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Valon Mortgage
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
HomeBridge Financial Services, Inc
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HELOC | 0 +1 HELOCs |
0% | 0% | ||
Uw Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Connexus Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Better Mortgage Corporation
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
The Loan Store, Inc
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HELOC | 0 +1 HELOCs |
0% | n/a |
Otsego 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 Otsego, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Otsego? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Otsego in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Otsego, MN
Use these to narrow the list above. Each category shows how many Otsego, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Otsego, MN
Independent mortgage companies closed 68 percent of home loans in Otsego, Minnesota in 2025, banks 22.1 percent and credit unions 10 percent. Luminate Home Loans, Inc. was the largest mortgage company, The Bank of Elk River the largest bank and Trustone Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, The Bank of Elk River led with 3 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 Otsego, MN
By home loans closed in 2025, The Bank of Elk River was the largest mortgage lender in Otsego, Minnesota with 3 loans, about 0.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Otsego, Minnesota, Lennar Mortgage, LLC approved the highest share of completed applications in 2025 at 87.7 percent, against a 88.4 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
40 lenders closed FHA loans in Otsego, Minnesota in 2025, led by Lennar Mortgage, LLC with 12. 21 lenders closed VA loans, led by DHI Mortgage Company, LTD.. 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. 41 banks and 17 credit unions closed home loans in Otsego, Minnesota in 2025, alongside 68 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 Otsego, 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 Otsego, 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 Otsego. 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.
