Mortgage Lenders and Brokers in Owatonna, 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
Owatonna, Minnesota mortgage lenders include US Bank, N.A.US Bank, N.A.132 W Broadway St, Owatonna, MN 55060A+5.0 ★Texas Ratio: 2.85%, Wells Fargo Bank NAWells Fargo Bank NA101 N Cedar Ave, Owatonna, MN 55060A+5.0 ★Texas Ratio: 5.36%, Old National BankOld National Bank730 W Bridge St, Owatonna, MN 55060A+5.0 ★Texas Ratio: 4.98%, Premier Bank MinnesotaPremier Bank Minnesota209 E Main St, Owatonna, MN 55060A+5.0 ★Texas Ratio: 0.36%, West BankWest Bank328 Hoffman Drive Nw, Owatonna, MN 55060A+5.0 ★Texas Ratio: 0.00%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, The State Bank of FaribaultThe State Bank of Faribault428 Central Ave N, Faribault, MN 55021A5.0 ★Texas Ratio: 11.55%, 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 Owatonna, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Owatonna 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 Owatonna, Minnesota
Market share is the lender's share of all home loans closed in Owatonna, 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 Owatonna 132 W Broadway St, Owatonna, MN 55060 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA, HELOC | 23 +16 HELOCs |
5% | 85.2% | $218,043 | View |
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1 office in Owatonna 101 N Cedar Ave, Owatonna, MN 55060 A+5.0 ★Texas Ratio: 5.36% |
Conventional, VA | 9 | 2% | 100% | $229,444 | View |
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1 office in Owatonna 730 W Bridge St, Owatonna, MN 55060 A+5.0 ★Texas Ratio: 4.98% |
Conventional, USDA, HELOC | 5 +3 HELOCs |
1.1% | 100% | $291,000 | View |
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1 office in Owatonna 209 E Main St, Owatonna, MN 55060 A+5.0 ★Texas Ratio: 0.36% |
Conventional | 1 | 0.2% | 100% | $85,000 | View |
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1 office in Owatonna 328 Hoffman Drive Nw, Owatonna, MN 55060 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.2% | 100% | $625,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 8 +4 HELOCs |
1.7% | 72.7% | $55,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 6 +3 HELOCs |
1.3% | 100% | $148,333 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 4 +1 HELOCs |
0.9% | 80% | $247,500 | View |
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428 Central Ave N, Faribault, MN 55021 A5.0 ★Texas Ratio: 11.55% |
Conventional | 4 | 0.9% | 100% | $215,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, USDA | 3 | 0.7% | 100% | $341,666 | View |
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1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12% |
Conventional | 3 | 0.7% | 100% | $178,333 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 3 | 0.7% | 100% | $161,666 | View |
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1015 W Frontage Rd, Owatonna, MN 55060 A+5.0 ★Texas Ratio: 3.32% |
Conventional, VA, HELOC | 2 +4 HELOCs |
0.4% | 100% | $325,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional, HELOC | 2 +2 HELOCs |
0.4% | 100% | $270,000 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional, HELOC | 2 +2 HELOCs |
0.4% | 100% | $265,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 2 | 0.4% | 66.7% | $290,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 2 | 0.4% | 100% | $175,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional | 2 | 0.4% | 100% | $70,000 | View |
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1011 Tompkins Dr NE, Byron, MN 55920 A5.0 ★Texas Ratio: 7.96% |
Conventional | 2 | 0.4% | 100% | $40,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 2 | 0.4% | 100% | $230,000 | View |
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11020 39th St N, Lake Elmo, MN 55042 A5.0 ★Texas Ratio: 7.45% |
Conventional | 1 | 0.2% | 100% | $175,000 | View |
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607 N Main St, Austin, MN 55912 A+5.0 ★Texas Ratio: 5.80% |
Conventional | 1 | 0.2% | 100% | $255,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 1 | 0.2% | 100% | $265,000 | View |
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316 Byron Ave N, Byron, MN 55920 C3.9 ★Texas Ratio: 28.08% |
Conventional | 1 | 0.2% | 100% | $55,000 | View |
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155 1st Ave SW, Rochester, MN 55902 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 1 | 0.2% | 100% | $55,000 | View |
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203 E Maine St, Amboy, MN 56010 B+4.7 ★Texas Ratio: 19.05% |
Conventional | 1 | 0.2% | 100% | $305,000 | View |
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★ 5 stars, 1 review 9725 163rd St W, Lakeville, MN 55044 A5.0 ★Texas Ratio: 8.73% |
Conventional | 1 | 0.2% | 100% | $145,000 | View |
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1600 Monroe Drive, Carver, MN 55315 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 1 | 0.2% | 100% | $205,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
FHA | 1 | 0.2% | 100% | $155,000 | View |
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715 Crossroads Campus Dr NE, Buffalo, MN 55313 5074 A+5.0 ★Texas Ratio: 1.13% |
Conventional | 1 | 0.2% | 100% | $235,000 | View |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional | 1 | 0.2% | 100% | $265,000 | View |
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37470 1st Avenue Ct, Dennison, MN 55018 A-4.4 ★Texas Ratio: 8.07% |
Conventional | 1 | 0.2% | 100% | $115,000 | 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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14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Servion
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Conventional, FHA | 15 | 3.3% | 100% | $279,666 | |
Cambria Financial Group
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Conventional, FHA, VA | 15 | 3.3% | 83.3% | $222,333 | |
Bremer Bank NA
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Conventional, HELOC | 5 +1 HELOCs |
1.1% | 100% | $165,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA, USDA, HELOC | 70 +2 HELOCs |
15.3% | 97.2% | $262,142 | |
Rocket Mortgage
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Conventional, FHA, VA, HELOC | 29 +1 HELOCs |
6.3% | 81.1% | $178,793 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 28 | 6.1% | 82.9% | $273,928 | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA, USDA | 21 | 4.6% | 91.7% | $224,047 | |
Iowa Bankers Mortgage Corporation
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Conventional, USDA | 12 | 2.6% | 85.7% | $296,666 | |
Mortgage Research Center
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VA | 11 | 2.4% | 78.6% | $289,545 | |
loanDepot.com LLC
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Conventional, FHA | 10 | 2.2% | 83.3% | $162,000 | |
Freedom Mortgage Corporation
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Conventional, FHA, VA | 9 | 2% | 81.8% | $229,444 | |
Compeer Financial
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Conventional | 8 | 1.7% | 100% | $260,000 | |
Union Home Mortgage Corp.
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Conventional, FHA | 7 | 1.5% | 100% | $223,571 | |
Bay Equity LLC
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Conventional, USDA | 6 | 1.3% | 100% | $193,333 | |
Fairway Independent Mort Corp
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Conventional, FHA, USDA | 6 | 1.3% | 100% | $265,000 | |
Equity Prime Mortgage LLC
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FHA, VA, USDA | 5 | 1.1% | 100% | $287,000 | |
Nationstar Mortgage
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Conventional, FHA | 5 | 1.1% | 83.3% | $109,000 | |
Towne Mortgage Company
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FHA, USDA | 5 | 1.1% | 75% | $273,000 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, VA | 5 | 1.1% | 100% | $135,000 | |
Pennymac Loan Services LLC
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FHA, VA | 4 | 0.9% | 80% | $272,500 | |
Mutual of Omaha Mortgage
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Conventional, FHA | 4 | 0.9% | 80% | $275,000 | |
New American Funding, LLC.
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Conventional, FHA | 4 | 0.9% | 100% | $265,000 | |
Everett Financial, Inc.
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Conventional, FHA | 3 | 0.7% | 100% | $171,666 | |
Newrez LLC
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Conventional | 3 | 0.7% | 60% | $195,000 | |
Guild Mortgage Company
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Conventional, FHA | 3 | 0.7% | 100% | $191,666 | |
Discover Bank
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Conventional | 3 | 0.7% | 50% | $75,000 | |
SIRVA Mortgage, Inc.
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Conventional | 3 | 0.7% | 100% | $341,666 | |
American Pacific Mortgage Corporation
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Conventional, FHA, USDA | 3 | 0.7% | 100% | $161,666 | |
Plaza Home Mortgage, Inc
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Conventional, FHA, USDA | 3 | 0.7% | 100% | $185,000 | |
Goodleap, LLC
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Conventional, FHA, HELOC | 2 +2 HELOCs |
0.4% | 100% | $185,000 | |
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A+5.0 ★Texas Ratio: 5.44% |
Conventional, HELOC | 2 +2 HELOCs |
0.4% | 100% | $85,000 | View |
Guaranteed Rate Affinity, LLC
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Conventional, FHA | 2 | 0.4% | 100% | $150,000 | |
Kind Lending, LLC
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Conventional, USDA | 2 | 0.4% | 100% | $295,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 2 | 0.4% | 100% | $205,000 | |
Amerisave Mortgage Company
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Conventional, FHA | 2 | 0.4% | 75% | $140,000 | |
Cmg Mortgage Inc
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Conventional | 2 | 0.4% | 100% | $235,000 | |
Cardinal Financial Company, Li
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Conventional, FHA | 2 | 0.4% | 100% | $170,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
Conventional, VA | 2 | 0.4% | 100% | $250,000 | View |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 2 | 0.4% | 100% | $230,000 | View |
Lower, LLC
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Conventional, FHA | 2 | 0.4% | 100% | $245,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional, USDA | 2 | 0.4% | 100% | $235,000 | View |
Navy Federal Credit Union
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Conventional, VA | 2 | 0.4% | 50% | $290,000 | |
21St Mortgage
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Conventional | 2 | 0.4% | 28.6% | $60,000 | |
Spring Eq, LLC
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Conventional | 2 | 0.4% | 28.6% | $30,000 | |
Altra Federal Credit Union
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Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $65,000 | |
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
VA, HELOC | 1 +1 HELOCs |
0.2% | 100% | $255,000 | View |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $175,000 | View |
Royal United Mortgage LLC
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Conventional | 1 | 0.2% | 50% | $85,000 | |
Primelending
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Conventional | 1 | 0.2% | 100% | $355,000 | |
Lakeview Loan Servicing, LLC
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FHA | 1 | 0.2% | 25% | $255,000 | |
Guidance Residential, LLC
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Conventional | 1 | 0.2% | 100% | $265,000 | |
Triad Financial Services, Inc.
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Conventional | 1 | 0.2% | 60% | $75,000 | |
Movement Mortgage, LLC
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Conventional | 1 | 0.2% | 100% | $205,000 | |
Filo Mortgage, LLC
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FHA | 1 | 0.2% | 100% | $155,000 | |
Resicentral LLC
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VA | 1 | 0.2% | 100% | $255,000 | |
Success Mortgage Partners, Inc
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FHA | 1 | 0.2% | 100% | $165,000 | |
Sun West Mortgage Company, Inc
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VA | 1 | 0.2% | 100% | $325,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.2% | 50% | $85,000 | View |
New Day Financial, LLC.
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VA | 1 | 0.2% | 33.3% | $395,000 | |
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A5.0 ★Texas Ratio: 8.00% |
Conventional | 1 | 0.2% | 100% | $235,000 | View |
Land Home Financial Services,
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Conventional | 1 | 0.2% | 100% | $165,000 | |
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A+5.0 ★Texas Ratio: 2.20% |
USDA | 1 | 0.2% | 50% | $345,000 | View |
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C3.9 ★Texas Ratio: 27.97% |
Conventional | 1 | 0.2% | 100% | $215,000 | View |
Zillow Home Loans, LLC
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Conventional | 1 | 0.2% | 100% | $275,000 | |
ClearEdge Lending LLC
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Conventional | 1 | 0.2% | 100% | $235,000 | |
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C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 0.2% | 100% | $85,000 | View |
Thrivent Bank
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Conventional | 1 | 0.2% | 100% | $25,000 | |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.2% | 50% | $65,000 | |
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A5.0 ★Texas Ratio: 9.09% |
Conventional | 1 | 0.2% | 50% | $315,000 | View |
Ark-La-Tex Financial Services LLC
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USDA | 1 | 0.2% | 100% | $245,000 | |
Figure Lending LLC
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HELOC | 0 +7 HELOCs |
0% | n/a | ||
Pentagon Federal 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 |
Owatonna 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 Owatonna, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Owatonna? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Owatonna in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Owatonna, MN
Use these to narrow the list above. Each category shows how many Owatonna, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Owatonna, MN
Independent mortgage companies closed 73.2 percent of home loans in Owatonna, Minnesota in 2025, banks 20.7 percent and credit unions 6.1 percent. Luminate Home Loans, Inc. was the largest mortgage company, US Bank, N.A. the largest bank and Affinity Plus Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Wells Fargo Bank NA led with 9 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 Owatonna, MN
By home loans closed in 2025, US Bank, N.A. was the largest mortgage lender in Owatonna, Minnesota with 23 loans, about 5 percent of the market. The largest lender headquartered in Minnesota was Wells Fargo Bank NA with 9 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Owatonna, Minnesota, CrossCountry Mortgage, LLC approved the highest share of completed applications in 2025 at 97.2 percent, against a 86.6 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.
32 lenders closed FHA loans in Owatonna, Minnesota in 2025, led by CrossCountry Mortgage, LLC with 14. 18 lenders closed VA loans, led by Mortgage Research Center, and 15 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. 38 banks and 12 credit unions closed home loans in Owatonna, Minnesota in 2025, alongside 57 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 Owatonna, 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 Owatonna, 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 Owatonna. 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.
