Mortgage Lenders and Brokers in Red Wing, 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
Red Wing, Minnesota mortgage lenders include Merchants Bank, National AssociationMerchants Bank, National Association2835 S Service Dr, Red Wing, MN 55066A+5.0 ★Texas Ratio: 3.28%, Wells Fargo Bank NAWells Fargo Bank NA401 Plum St, Red Wing, MN 55066A+5.0 ★Texas Ratio: 5.36%, Associated Bank NAAssociated Bank NA403 W 4th St, Red Wing, MN 55066A+5.0 ★Texas Ratio: 3.45%, Alliance BankAlliance Bank840 Technology Dr, Red Wing, MN 55066A+5.0 ★Texas Ratio: 0.05%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, First Bank & TrustFirst Bank & Trust234 1st Ave E, Cambridge, MN 55008A+5.0 ★Texas Ratio: 3.79%, and Wings Financial Credit UnionWings Financial Credit Union14985 Glazier Ave, Apple Valley, MN 55124. 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 Red Wing, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Red Wing 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 Red Wing, Minnesota
Market share is the lender's share of all home loans closed in Red Wing, 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 Red Wing 2835 S Service Dr, Red Wing, MN 55066 A+5.0 ★Texas Ratio: 3.28% |
Conventional, VA, HELOC | 31 +11 HELOCs |
12% | 100% | $193,387 | View |
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1 office in Red Wing 401 Plum St, Red Wing, MN 55066 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 7 | 2.7% | 70% | $163,571 | View |
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1 office in Red Wing 403 W 4th St, Red Wing, MN 55066 A+5.0 ★Texas Ratio: 3.45% |
Conventional, HELOC | 3 +11 HELOCs |
1.2% | 100% | $268,333 | View |
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1 office in Red Wing 840 Technology Dr, Red Wing, MN 55066 A+5.0 ★Texas Ratio: 0.05% |
Conventional | 2 | 0.8% | 66.7% | $210,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, VA, USDA, HELOC | 32 +1 HELOCs |
12.4% | 91.4% | $207,500 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA, VA, USDA | 6 | 2.3% | 100% | $313,333 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 4 +2 HELOCs |
1.6% | 100% | $142,500 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional | 3 | 1.2% | 75% | $58,333 | View |
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234 1st Ave E, Cambridge, MN 55008 A+5.0 ★Texas Ratio: 3.79% |
Conventional, FHA | 2 | 0.8% | 100% | $95,000 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional | 2 | 0.8% | 100% | $180,000 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 2 | 0.8% | 100% | $30,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 1 +3 HELOCs |
0.4% | 50% | $215,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
FHA, HELOC | 1 +1 HELOCs |
0.4% | 100% | $245,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 1 +1 HELOCs |
0.4% | 100% | $35,000 | View |
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4801 E Superior St, Duluth, MN 55804 A+5.0 ★Texas Ratio: 1.35% |
Conventional | 1 | 0.4% | 100% | $235,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.4% | 100% | $75,000 | View |
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155 1st Ave SW, Rochester, MN 55902 A+5.0 ★Texas Ratio: 0.16% |
Conventional | 1 | 0.4% | 100% | $335,000 | View |
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6340 Merchant St, Askov, MN 55704 A+5.0 ★Texas Ratio: 3.46% |
Conventional | 1 | 0.4% | 100% | $265,000 | View |
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45 Hassan St SE, Hutchinson, MN 55350 A+5.0 ★Texas Ratio: 4.19% |
Conventional | 1 | 0.4% | 100% | $55,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 0.4% | 100% | $285,000 | View |
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11055 61st St Ne, Albertville, MN 55301 A+5.0 ★Texas Ratio: 0.36% |
Conventional | 1 | 0.4% | 100% | $165,000 | View |
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7831 E Bush Lake Rd, Edina, MN 55439 A+5.0 ★Texas Ratio: 3.43% |
Conventional | 1 | 0.4% | 100% | $225,000 | View |
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1011 Tompkins Dr NE, Byron, MN 55920 A5.0 ★Texas Ratio: 7.96% |
Conventional | 1 | 0.4% | 100% | $75,000 | View |
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11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 0.4% | 100% | $85,000 | View |
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255 33rd St W, Hastings, MN 55033 A+5.0 ★Texas Ratio: 1.51% |
Conventional | 1 | 0.4% | 100% | $115,000 | View |
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37470 1st Avenue Ct, Dennison, MN 55018 A-4.4 ★Texas Ratio: 8.07% |
Conventional | 1 | 0.4% | 100% | $55,000 | View |
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501 Glen Street Sw, Eyota, MN 55934 C-3.7 ★Texas Ratio: 31.20% |
Conventional | 1 | 0.4% | 100% | $395,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Servion
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Conventional, VA | 4 | 1.6% | 80% | $267,500 | |
Cambria Financial Group
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Conventional, VA | 2 | 0.8% | 100% | $280,000 | |
Summit Mortgage Corporation
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FHA, USDA | 2 | 0.8% | 100% | $225,000 | |
Tradition Mortgage, LLC
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Conventional | 1 | 0.4% | 100% | $515,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 20 | 7.8% | 90.9% | $221,500 | |
Rocket Mortgage
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Conventional, FHA, VA | 18 | 7% | 87% | $210,555 | |
Guaranteed Rate, Inc.
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Conventional, FHA | 10 | 3.9% | 90.9% | $236,000 | |
Newrez LLC
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Conventional, FHA, VA | 10 | 3.9% | 76.9% | $341,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA | 5 | 1.9% | 100% | $251,000 | |
Kind Lending, LLC
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FHA, USDA | 5 | 1.9% | 71.4% | $223,000 | |
Triad Financial Services, Inc.
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Conventional | 4 | 1.6% | 100% | $105,000 | |
Mortgage Research Center
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VA | 4 | 1.6% | 100% | $262,500 | |
Freedom Mortgage Corporation
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FHA, VA | 3 | 1.2% | 83.3% | $281,666 | |
Nationstar Mortgage
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Conventional | 3 | 1.2% | 100% | $51,666 | |
New American Funding, LLC.
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Conventional, FHA | 3 | 1.2% | 75% | $205,000 | |
SWBC Mortgage Corporation
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Conventional | 2 | 0.8% | 100% | $280,000 | |
Lakeview Loan Servicing, LLC
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FHA, VA | 2 | 0.8% | 66.7% | $375,000 | |
Pennymac Loan Services LLC
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Conventional, FHA | 2 | 0.8% | 50% | $275,000 | |
AdvantageFirst Lending Inc
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VA | 2 | 0.8% | 100% | $280,000 | |
Click n' Close, Inc.
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Conventional, FHA | 2 | 0.8% | 100% | $120,000 | |
Altra Federal Credit Union
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Conventional | 2 | 0.8% | 100% | $40,000 | |
Lower, LLC
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Conventional | 2 | 0.8% | 100% | $145,000 | |
Fairway Independent Mort Corp
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Conventional, FHA | 2 | 0.8% | 100% | $370,000 | |
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C+4.1 ★Texas Ratio: 26.29% |
Conventional | 2 | 0.8% | 100% | $135,000 | View |
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A-5.0 ★Texas Ratio: 15.06% |
Conventional | 2 | 0.8% | 100% | $115,000 | View |
Plaza Home Mortgage, Inc
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Conventional, FHA | 2 | 0.8% | 66.7% | $215,000 | |
Village Capital & Investment
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VA | 2 | 0.8% | 100% | $270,000 | |
Westconsin Credit Union
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Conventional, HELOC | 1 +1 HELOCs |
0.4% | 100% | $75,000 | |
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A+5.0 ★Texas Ratio: 3.17% |
Conventional, HELOC | 1 +1 HELOCs |
0.4% | 100% | $165,000 | View |
Alliant Credit Union
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Conventional | 1 | 0.4% | 100% | $165,000 | |
American Financial Resources LLC
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FHA | 1 | 0.4% | 100% | $225,000 | |
Residential Wholesale Mortgage
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Conventional | 1 | 0.4% | 100% | $235,000 | |
Primelending
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VA | 1 | 0.4% | 100% | $535,000 | |
Everett Financial, Inc.
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Conventional | 1 | 0.4% | 100% | $315,000 | |
loanDepot.com LLC
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FHA | 1 | 0.4% | 20% | $225,000 | |
HomeBridge Financial Services, Inc
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VA | 1 | 0.4% | 100% | $375,000 | |
Sun West Mortgage Company, Inc
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USDA | 1 | 0.4% | 100% | $175,000 | |
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A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.4% | 100% | $215,000 | View |
Cardinal Financial Company, Li
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VA | 1 | 0.4% | 100% | $345,000 | |
New Day Financial, LLC.
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VA | 1 | 0.4% | 100% | $295,000 | |
Planet Home Lending, LLC
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Conventional | 1 | 0.4% | 100% | $335,000 | |
Provident Funding Associates
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Conventional | 1 | 0.4% | 100% | $155,000 | |
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A+5.0 ★Texas Ratio: 1.10% |
Conventional | 1 | 0.4% | 100% | $205,000 | View |
Nations Lending Corporation
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Conventional | 1 | 0.4% | 100% | $185,000 | |
Communityamerica Federal Credit Union
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Conventional | 1 | 0.4% | 100% | $255,000 | |
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A5.0 ★Texas Ratio: 6.31% |
Conventional | 1 | 0.4% | 100% | $275,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
FHA | 1 | 0.4% | 100% | $155,000 | View |
Zillow Home Loans, LLC
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Conventional | 1 | 0.4% | 100% | $265,000 | |
Mutual of Omaha Mortgage
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FHA | 1 | 0.4% | 100% | $245,000 | |
The Loan Store, Inc
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VA | 1 | 0.4% | 100% | $385,000 | |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.4% | 100% | $25,000 | |
Loan Simple, Inc.
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FHA | 1 | 0.4% | 100% | $305,000 | |
Mason-McDuffie Mortgage Corporation
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FHA | 1 | 0.4% | 100% | $225,000 | |
Top Flite Financial, Inc.
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FHA | 1 | 0.4% | 100% | $105,000 | |
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A+5.0 ★Texas Ratio: 2.93% |
Conventional | 1 | 0.4% | 100% | $25,000 | View |
Tomo Mortgage LLC
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Conventional | 1 | 0.4% | 100% | $75,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional | 1 | 0.4% | 100% | $265,000 | |
Goodleap, LLC
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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 | ||
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A+5.0 ★Texas Ratio: 1.47% |
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 | |
Navy Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | 0% |
Red Wing 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 Red Wing, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Red Wing? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Red Wing in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Red Wing, MN
Use these to narrow the list above. Each category shows how many Red Wing, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Red Wing, MN
Independent mortgage companies closed 51.2 percent of home loans in Red Wing, Minnesota in 2025, banks 41.1 percent and credit unions 7.8 percent. Servion was the largest mortgage company, Merchants Bank, National Association the largest bank and Trustone Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Merchants Bank, National Association led with 31 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 Red Wing, MN
By home loans closed in 2025, Merchants Bank, National Association was the largest mortgage lender in Red Wing, Minnesota with 31 loans, about 12 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
25 lenders closed FHA loans in Red Wing, Minnesota in 2025, led by United Wholesale Mortgage with 8. 18 lenders closed VA loans, led by Mortgage Research Center, and 5 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. 30 banks and 15 credit unions closed home loans in Red Wing, Minnesota in 2025, alongside 47 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 Red Wing, 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 Red Wing, 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 Red Wing. 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.
