Mortgage Lenders and Brokers in Paynesville, 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
Paynesville, Minnesota mortgage lenders include BMO Harris Bank NABMO Harris Bank NA201 W James St, Paynesville, MN 56362A+5.0 ★Texas Ratio: 3.54%, Magnifi Financial Credit UnionMagnifi Financial Credit Union1025 W Main St, Paynesville, MN 56362A+5.0 ★Texas Ratio: 1.40%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Freeport State BankFreeport State Bank111 Main St E, Freeport, MN 56331A+5.0 ★Texas Ratio: 0.01%, Heritage Bank NAHeritage Bank NA242 N 1st St, Pennock, MN 56279C-3.6 ★Texas Ratio: 31.27%, Huntington National BankHuntington National Bank405 E Main St, Anoka, MN 55303A+5.0 ★Texas Ratio: 3.66%, National Bank of CommerceNational Bank of Commerce22 1st St Ne, Bagley, MN 56621A+5.0 ★Texas Ratio: 5.00%, Farmers & Merchants State BankFarmers & Merchants State Bank110 Meeker Ave W, Eden Valley, MN 55329A5.0 ★Texas Ratio: 9.66%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, 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 Paynesville, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Paynesville 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 Paynesville, Minnesota
Market share is the lender's share of all home loans closed in Paynesville, 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 Paynesville 201 W James St, Paynesville, MN 56362 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +7 HELOCs |
0% | 0% | View | |
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1025 W Main St, Paynesville, MN 56362 A+5.0 ★Texas Ratio: 1.40% |
Conventional, Jumbo, HELOC | 24 +11 HELOCs |
30.8% | 100% | $238,750 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional | 4 | 5.1% | 100% | $227,500 | View |
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111 Main St E, Freeport, MN 56331 A+5.0 ★Texas Ratio: 0.01% |
Conventional | 2 | 2.6% | 100% | $195,000 | View |
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242 N 1st St, Pennock, MN 56279 C-3.6 ★Texas Ratio: 31.27% |
Conventional | 2 | 2.6% | 100% | $70,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 1 +1 HELOCs |
1.3% | 100% | $75,000 | View |
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22 1st St Ne, Bagley, MN 56621 A+5.0 ★Texas Ratio: 5.00% |
Conventional | 1 | 1.3% | 100% | $105,000 | View |
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110 Meeker Ave W, Eden Valley, MN 55329 A5.0 ★Texas Ratio: 9.66% |
Conventional | 1 | 1.3% | 100% | $355,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 1 | 1.3% | 100% | $165,000 | View |
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5600 La Centre Ave Ste 100, Albertville, MN 55301 4018 A+5.0 ★Texas Ratio: 3.54% |
Conventional | 1 | 1.3% | 100% | $35,000 | View |
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706 Lake St S, Long Prairie, MN 56347 A+5.0 ★Texas Ratio: 3.88% |
Conventional | 1 | 1.3% | 100% | $175,000 | View |
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183 Cedar Dr, Foley, MN 56329 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 1 | 1.3% | 100% | $115,000 | View |
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11102 57th St Ne, Albertville, MN 55301 A+5.0 ★Texas Ratio: 5.48% |
Conventional | 1 | 1.3% | 100% | $225,000 | View |
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715 Crossroads Campus Dr NE, Buffalo, MN 55313 5074 A+5.0 ★Texas Ratio: 1.13% |
Conventional | 1 | 1.3% | 100% | $295,000 | View |
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2630 Bridge Ave, Albert Lea, MN 56007 A5.0 ★Texas Ratio: 12.61% |
Conventional | 1 | 1.3% | 100% | $805,000 | View |
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730 Humboldt Dr, Big Lake, MN 55309 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 1.3% | 100% | $245,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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14985 Glazier Ave, Apple Valley, MN 55124 |
HELOC | 0 +1 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 | 1 | 1.3% | 100% | $65,000 | |
Tradition Mortgage, LLC
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Conventional | 1 | 1.3% | 100% | $145,000 | |
Homeowners Financial Group, LLC
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Conventional, FHA, USDA | 4 | 5.1% | 100% | $250,000 | |
Plaza Home Mortgage, Inc
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Conventional, VA, USDA | 4 | 5.1% | 100% | $225,000 | |
United Wholesale Mortgage
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Conventional | 3 | 3.8% | 100% | $198,333 | |
Mortgage Research Center
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VA | 3 | 3.8% | 100% | $278,333 | |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional, FHA | 2 | 2.6% | 100% | $210,000 | View |
American Financial Resources LLC
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USDA | 1 | 1.3% | 100% | $195,000 | |
Rocket Mortgage
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Conventional | 1 | 1.3% | 50% | $75,000 | |
Primelending
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Conventional | 1 | 1.3% | 100% | $315,000 | |
Goodleap, LLC
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FHA | 1 | 1.3% | 100% | $145,000 | |
Everett Financial, Inc.
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FHA | 1 | 1.3% | 100% | $215,000 | |
CrossCountry Mortgage, LLC
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Conventional | 1 | 1.3% | 100% | $265,000 | |
Compeer Financial
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Conventional | 1 | 1.3% | 100% | $545,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 1.3% | 100% | $25,000 | View |
Union Home Mortgage Corp.
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Conventional | 1 | 1.3% | 100% | $165,000 | |
Cardinal Financial Company, Li
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FHA | 1 | 1.3% | 100% | $225,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 1.3% | 100% | $315,000 | View |
Waterstone Mortgage Corporation
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VA | 1 | 1.3% | 100% | $275,000 | |
Nationstar Mortgage
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Conventional | 1 | 1.3% | 100% | $55,000 | |
Zillow Home Loans, LLC
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FHA | 1 | 1.3% | 100% | $205,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 1.3% | 100% | $55,000 | View |
Loan Simple, Inc.
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FHA | 1 | 1.3% | 100% | $155,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional | 1 | 1.3% | 100% | $155,000 | View |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Paynesville 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 Paynesville, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Paynesville? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Paynesville in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Paynesville, MN
Use these to narrow the list above. Each category shows how many Paynesville, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Paynesville, MN
Independent mortgage companies closed 34.6 percent of home loans in Paynesville, Minnesota in 2025, banks 30.8 percent and credit unions 34.6 percent. Servion was the largest mortgage company, BMO Harris Bank NA the largest bank and Magnifi Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Magnifi Financial Credit Union led with 24 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 Paynesville, MN
By home loans closed in 2025, BMO Harris Bank NA was the largest mortgage lender in Paynesville, Minnesota with 0 loans, about 0 percent of the market. The largest lender headquartered in Minnesota was Magnifi Financial Credit Union with 24 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
7 lenders closed FHA loans in Paynesville, Minnesota in 2025, led by Homeowners Financial Group, LLC with 1. 4 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. 22 banks and 6 credit unions closed home loans in Paynesville, Minnesota in 2025, alongside 18 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 Paynesville, 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 Paynesville, 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 Paynesville. 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.
