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Mortgage Lenders and Brokers in Shakopee, Minnesota

Content reviewed by

Brian McKay | iEditorial Disclosure | ✓Fact Checked | Loan Rates Last Updated and Verified: October 7, 2026

Shakopee, Minnesota mortgage lenders include US Bank, N.A.US Bank, N.A.8325 Crossings Blvd, Shakopee, MN 55379A+5.0 ★Texas Ratio: 2.85%, Wells Fargo Bank NAWells Fargo Bank NA1156 Vierling Dr E, Shakopee, MN 55379A+5.0 ★Texas Ratio: 5.36%, Old National BankOld National Bank1407 Vierling Dr E, Shakopee, MN 55379A+5.0 ★Texas Ratio: 4.98%, Huntington National BankHuntington National Bank1198 Vierling Dr E, Shakopee, MN 55379A+5.0 ★Texas Ratio: 3.66%, Associated Bank NAAssociated Bank NA7760 France Ave S, Bloomington, MN 55435A+5.0 ★Texas Ratio: 3.45%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA8021old Carriage Ct, Shakopee, MN 55379A+5.0 ★Texas Ratio: 3.68%, HomeTown BankHomeTown Bank100 17th Ave W, Shakopee, MN 55379A+5.0 ★Texas Ratio: 3.53%, Thrivent Federal Credit UnionThrivent Federal Credit UnionShakopee, MN, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, and Trustone Financial Credit UnionTrustone Financial Credit Union4290 Dean Lakes Blvd, Shakopee, MN 55379A+5.0 ★Texas Ratio: 4.56%. 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 Shakopee, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Shakopee 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 Shakopee, Minnesota

Market share is the lender's share of all home loans closed in Shakopee, 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
US Bank, N.A. 1 office in Shakopee 8325 Crossings Blvd, Shakopee, MN 55379 A+5.0 ★Texas Ratio: 2.85%	Conventional, HELOC	17 +17 HELOCs	1.7%	63%	$313,235	View
Wells Fargo Bank NA 2 offices in Shakopee 1156 Vierling Dr E, Shakopee, MN 55379 A+5.0 ★Texas Ratio: 5.36%	Conventional	13	1.3%	92.9%	$365,769	View
Old National Bank 1 office in Shakopee 1407 Vierling Dr E, Shakopee, MN 55379 A+5.0 ★Texas Ratio: 4.98%	Conventional, HELOC	12 +11 HELOCs	1.2%	92.3%	$309,166	View
Huntington National Bank 1 office in Shakopee 1198 Vierling Dr E, Shakopee, MN 55379 A+5.0 ★Texas Ratio: 3.66%	Conventional, HELOC	9 +10 HELOCs	0.9%	83.3%	$201,666	View
Associated Bank NA 1 office in Shakopee 7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45%	Conventional	5	0.5%	100%	$293,000	View
JPMorgan Chase Bank, NA 1 office in Shakopee 8021old Carriage Ct, Shakopee, MN 55379 A+5.0 ★Texas Ratio: 3.68%	Conventional	4	0.4%	80%	$240,000	View
HomeTown Bank 1 office in Shakopee 100 17th Ave W, Shakopee, MN 55379 A+5.0 ★Texas Ratio: 3.53%	Conventional	3	0.3%	100%	$145,000	View
Thrivent Federal Credit Union	Conventional	1	0.1%	100%	$455,000
Bell Bank 1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66%	Conventional, FHA, VA, Jumbo, HELOC	52 +8 HELOCs	5.1%	96.4%	$427,307	View
Trustone Financial Credit Union 4290 Dean Lakes Blvd, Shakopee, MN 55379 A+5.0 ★Texas Ratio: 4.56%	Conventional, FHA, HELOC	35 +27 HELOCs	3.5%	74.5%	$146,142	View
Luminate Bank 208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06%	Conventional, FHA, VA	21	2.1%	100%	$374,523	View
Wings Financial Credit Union 14985 Glazier Ave, Apple Valley, MN 55124	Conventional, HELOC	11 +24 HELOCs	1.1%	100%	$345,909	View
Affinity Plus Federal Credit Union 1714 Crossings Blvd, Shakopee, MN 55379 8519 A+5.0 ★Texas Ratio: 4.41%	Conventional, HELOC	10 +7 HELOCs	1%	90.9%	$47,000	View
Blaze Credit Union 10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19%	Conventional, HELOC	10 +6 HELOCs	1%	93.3%	$118,000	View
Granite Bank 11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85%	Conventional, FHA	10	1%	100%	$229,000	View
Alerus Financial NA 143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32%	Conventional, HELOC	7 +4 HELOCs	0.7%	87.5%	$342,142	View
Highland Bank 11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29%	Conventional	6	0.6%	85.7%	$88,333	View
Bank of America NA 7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	4 +3 HELOCs	0.4%	100%	$270,000	View
New Market Bank 101 Old Town Rd, Elko New Market, MN 55054 A+5.0 ★Texas Ratio: 0.00%	Conventional	4	0.4%	100%	$252,500	View
Frandsen Bank & Trust 410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91%	Conventional, Jumbo	4	0.4%	100%	$515,000	View
Think Mutual Bank 15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90%	Conventional, HELOC	3 +1 HELOCs	0.3%	100%	$255,000	View
Sunrise Banks, N.A. 2100 Blaisdell Ave, Minneapolis, MN 55404 A5.0 ★Texas Ratio: 9.43%	Conventional	3	0.3%	100%	$338,333	View
Topline Financial Credit Union 900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54%	Conventional, HELOC	2 +3 HELOCs	0.2%	60%	$285,000	View
Cornerstone State Bank 406 E Poplar St, Belle Plaine, MN 56011 A5.0 ★Texas Ratio: 6.12%	Conventional	2	0.2%	100%	$280,000	View
Sharepoint Credit Union 13735 Round Lake Blvd NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 5.40%	Conventional	2	0.2%	100%	$120,000	View
The Bank of Elk River 630 Main St Nw, Elk River, MN 55330 A-4.8 ★Texas Ratio: 10.95%	Conventional	2	0.2%	100%	$150,000	View
Merchants Bank, National Association 7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28%	Conventional, HELOC	1 +2 HELOCs	0.1%	100%	$345,000	View
Minnwest Bank 113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77%	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$425,000	View
First Bank & Trust 234 1st Ave E, Cambridge, MN 55008 A+5.0 ★Texas Ratio: 3.79%	Conventional	1	0.1%	100%	$235,000	View
SMW Financial Credit Union 700 Apollo Dr, Lino Lakes, MN 55014 3035 A+5.0 ★Texas Ratio: 0.07%	Conventional	1	0.1%	100%	$35,000	View
Coulee Bank 14800 Galaxie Ave Ste 105, Apple Valley, MN 55124 C+4.1 ★Texas Ratio: 25.60%	Conventional	1	0.1%	100%	$175,000	View
Members Cooperative Credit Union 108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43%	Conventional	1	0.1%	100%	$35,000	View
Lakeview Bank ★ 5 stars, 1 review 9725 163rd St W, Lakeville, MN 55044 A5.0 ★Texas Ratio: 8.73%	Conventional	1	0.1%	100%	$165,000	View
Luminate Home Loans, Inc. 208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06%	Conventional	1	0.1%	100%	$495,000	View
Northeast Bank 200 Coon Rapids Blvd Nw, Coon Rapids, MN 55433 A+5.0 ★Texas Ratio: 2.50%	Conventional	1	0.1%	100%	$355,000	View
SouthPoint Financial Credit Union 715 Crossroads Campus Dr NE, Buffalo, MN 55313 5074 A+5.0 ★Texas Ratio: 1.13%	Conventional	1	0.1%	100%	$585,000	View
First Alliance Credit Union 1011 Tompkins Dr NE, Byron, MN 55920 A5.0 ★Texas Ratio: 7.96%	Conventional	1	0.1%	100%	$15,000	View
My Credit Union 4025 W Old Shakopee Rd, Bloomington, MN 55437	Conventional	1	0.1%	100%	$145,000
City & County Credit Union ★ 5 stars, 1 review 5941 94th Ave N, Brooklyn Park, MN 55443 A+5.0 ★Texas Ratio: 1.52%	Conventional	1	0.1%	50%	$105,000	View
Cortrust Bank 2850 Cutters Grove Ave, Anoka, MN 55303 A+5.0 ★Texas Ratio: 5.11%	Conventional, Jumbo	1	0.1%	50%	$885,000	View
Citizens Bank Minnesota 102 S Broadway, La Salle, MN 56056 A+5.0 ★Texas Ratio: 0.16%	Conventional	1	0.1%	100%	$55,000	View
Heritage Bank NA 242 N 1st St, Pennock, MN 56279 C-3.6 ★Texas Ratio: 31.27%	Conventional	1	0.1%	100%	$425,000	View
Security Bank & Trust Company 7101 West 78th Street, Bloomington, MN 55420 A+5.0 ★Texas Ratio: 2.36%	Conventional, Jumbo	1	0.1%	100%	$2,335,000	View
BMO Harris Bank NA 412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54%	HELOC	0 +4 HELOCs	0%	n/a		View
Ideal Credit Union 3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61%	HELOC	0 +2 HELOCs	0%	0%		View
Tradition Mortgage, LLC	Conventional, FHA	17	1.7%	100%	$478,529
Cambria Financial Group	Conventional, FHA	14	1.4%	100%	$461,428
South Metro Federal Credit Uni	Conventional	8	0.8%	100%	$78,750
Summit Mortgage Corporation	Conventional, FHA	4	0.4%	100%	$332,500
Servion	Conventional	1	0.1%	100%	$335,000
DHI Mortgage Company, LTD.	Conventional, FHA, VA	71	7%	87.8%	$432,183
United Wholesale Mortgage	Conventional, FHA, VA, HELOC	62 +1 HELOCs	6.1%	93.9%	$354,193
Lennar Mortgage, LLC	Conventional, FHA, VA	62	6.1%	95.4%	$407,258
Rocket Mortgage	Conventional, FHA, VA	58	5.7%	82.4%	$267,931
Fairway Independent Mort Corp	Conventional, FHA, VA	31	3.1%	91.4%	$298,225
M/I Financial. LLC	Conventional, FHA	27	2.7%	97%	$399,074
CrossCountry Mortgage, LLC	Conventional, FHA, VA, HELOC	26 +1 HELOCs	2.6%	96.3%	$351,538
Prosperity Home Mortgage, LLC	Conventional, FHA, VA	20	2%	95.2%	$324,500
Guaranteed Rate, Inc.	Conventional, FHA, VA	19	1.9%	87%	$296,578
Pulte Mortgage LLC	Conventional	17	1.7%	89.5%	$280,294
Everett Financial, Inc.	Conventional	14	1.4%	93.3%	$279,285
Guidance Residential, LLC	Conventional	14	1.4%	100%	$398,571
Royal Credit Union A+5.0 ★Texas Ratio: 3.17%	Conventional, FHA, HELOC	13 +1 HELOCs	1.3%	100%	$286,538	View
Primelending	Conventional, FHA	11	1.1%	92.3%	$319,545
Newrez LLC	Conventional, FHA, VA	11	1.1%	57.9%	$320,454
Pennymac Loan Services LLC	Conventional, FHA	11	1.1%	76.5%	$362,272
Mutual of Omaha Mortgage	Conventional, FHA, VA	11	1.1%	100%	$384,090
New American Funding, LLC.	Conventional, FHA	11	1.1%	100%	$258,636
loanDepot.com LLC	Conventional, VA	10	1%	90.9%	$269,000
Guild Mortgage Company	Conventional, FHA	9	0.9%	100%	$347,222
Nationstar Mortgage	Conventional, VA	8	0.8%	80%	$153,750
Spring Eq, LLC	Conventional, HELOC	7 +1 HELOCs	0.7%	50%	$79,285
Home Mortgage Alliance Corp (Hmac)	Conventional	7	0.7%	77.8%	$377,857
Paramount Residential Mortgage	Conventional, FHA	7	0.7%	100%	$296,428
Uif Corporation	Conventional	6	0.6%	75%	$368,333
Lower, LLC	Conventional	6	0.6%	100%	$388,333
Guaranteed Rate Affinity, LLC	Conventional, FHA	5	0.5%	83.3%	$309,000
Freedom Mortgage Corporation	FHA	5	0.5%	71.4%	$275,000
Cmg Mortgage Inc	Conventional, FHA	5	0.5%	85.7%	$355,000
SWBC Mortgage Corporation	Conventional	4	0.4%	100%	$365,000
Kind Lending, LLC	Conventional	4	0.4%	100%	$480,000
Resicentral LLC	Conventional, FHA	4	0.4%	100%	$272,500
Amerisave Mortgage Company	Conventional, FHA	4	0.4%	50%	$255,000
Click n' Close, Inc.	Conventional, FHA	4	0.4%	100%	$162,500
Union Home Mortgage Corp.	Conventional	4	0.4%	100%	$372,500
Mason-McDuffie Mortgage Corporation	Conventional	4	0.4%	100%	$310,000
Baxter Credit Union A5.0 ★Texas Ratio: 6.31%	Conventional, HELOC	3 +2 HELOCs	0.3%	66.7%	$191,666	View
A&D Mortgage LLC A+5.0 ★Texas Ratio: 4.11%	Conventional	3	0.3%	100%	$401,666	View
Movement Mortgage, LLC	Conventional, FHA	3	0.3%	100%	$348,333
Filo Mortgage, LLC	Conventional	3	0.3%	75%	$395,000
Cardinal Financial Company, Li	Conventional, FHA	3	0.3%	60%	$198,333
Premier Lending Inc.	Conventional, FHA	3	0.3%	100%	$291,666
Nations Lending Corporation	Conventional, VA	3	0.3%	100%	$318,333
Waterstone Mortgage Corporation	Conventional, VA	3	0.3%	100%	$321,666
Mortgage Research Center	VA	3	0.3%	30%	$425,000
Nexbank A-5.0 ★Texas Ratio: 14.93%	Conventional	3	0.3%	100%	$285,000	View
Navy Federal Credit Union	Conventional, VA	3	0.3%	75%	$515,000
Tomo Mortgage LLC	Conventional	3	0.3%	100%	$278,333
American Neighborhood Mortgage Acceptance Company	Conventional, FHA	3	0.3%	100%	$325,000
American National Bank A5.0 ★Texas Ratio: 8.08%	Conventional, HELOC	2 +2 HELOCs	0.2%	66.7%	$180,000	View
American Financial Resources LLC	Conventional, FHA	2	0.2%	100%	$330,000
AdvantageFirst Lending Inc	FHA, VA	2	0.2%	100%	$425,000
Provident Funding Associates	Conventional	2	0.2%	100%	$255,000
Sierra Pacific Mortgage Co. Inc	Conventional	2	0.2%	100%	$260,000
Barrington Bank & Trust Company, N.A. A+5.0 ★Texas Ratio: 2.20%	Conventional	2	0.2%	66.7%	$330,000	View
Cortrust Mortgage, Inc. A+5.0 ★Texas Ratio: 5.11%	Conventional	2	0.2%	100%	$240,000	View
Megastar Finanacial Corp	Conventional	2	0.2%	100%	$415,000
Zillow Home Loans, LLC	Conventional	2	0.2%	100%	$295,000
The Loan Store, Inc	Conventional	2	0.2%	66.7%	$365,000
21St Mortgage	Conventional	2	0.2%	50%	$45,000
Village Capital & Investment	VA	2	0.2%	100%	$425,000
Empeople Credit Union	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$75,000
First Community Mortgage, Inc.	Conventional	1	0.1%	100%	$315,000
Devon Bank B+4.0 ★Texas Ratio: 2.09%	Conventional	1	0.1%	100%	$305,000	View
Primary Residential Mortgage, INC.	Conventional	1	0.1%	100%	$615,000
Lakeview Loan Servicing, LLC	Conventional	1	0.1%	100%	$305,000
First Bank A5.0 ★Texas Ratio: 6.67%	Conventional	1	0.1%	100%	$225,000	View
Sage Home Loans Corporation	Conventional	1	0.1%	100%	$435,000
All Credit Considered Mortgage, Inc.	Conventional	1	0.1%	100%	$235,000
Flagstar Bank NA D3.3 ★Texas Ratio: 35.11%	Conventional	1	0.1%	100%	$295,000	View
AmeriHome Mortgage Company, LLC	FHA	1	0.1%	100%	$535,000
Triad Financial Services, Inc.	Conventional	1	0.1%	22.7%	$155,000
Dollar Bank, FSB A+5.0 ★Texas Ratio: 5.29%	Conventional	1	0.1%	100%	$295,000	View
Bison State Bank A+5.0 ★Texas Ratio: 2.38%	Conventional	1	0.1%	100%	$235,000	View
Farmers Bank & Trust A+5.0 ★Texas Ratio: 0.65%	Conventional	1	0.1%	100%	$445,000	View
Synergy One Lending, Inc.	Conventional	1	0.1%	100%	$415,000
AmWest Funding Corp	Conventional	1	0.1%	100%	$185,000
Ocmbc, Inc. A+5.0 ★Texas Ratio: 5.05%	FHA	1	0.1%	50%	$445,000	View
Redwood Residential Acquisition Corporation	Conventional	1	0.1%	100%	$545,000
HomeBridge Financial Services, Inc	FHA	1	0.1%	100%	$285,000
Success Mortgage Partners, Inc	Conventional	1	0.1%	100%	$235,000
AML Funding LLC dba Absolute Mortgage & Lending	Conventional	1	0.1%	100%	$215,000
Discover Bank	Conventional	1	0.1%	25%	$35,000
Citizens State Bank A+5.0 ★Texas Ratio: 3.68%	Conventional	1	0.1%	100%	$25,000	View
Bay Equity LLC	FHA	1	0.1%	100%	$345,000
Real Genius LLC	Conventional	1	0.1%	100%	$365,000
New Day Financial, LLC.	VA	1	0.1%	33.3%	$575,000
Intelliloan, Inc.	VA	1	0.1%	100%	$505,000
First Federal Bank A+5.0 ★Texas Ratio: 1.10%	FHA	1	0.1%	100%	$415,000	View
American Pacific Mortgage Corporation	Conventional, Jumbo	1	0.1%	100%	$1,835,000
RoundPoint Mortgage Servicing LLC	Conventional	1	0.1%	100%	$335,000
Magnolia Bank A-5.0 ★Texas Ratio: 14.97%	Conventional	1	0.1%	50%	$345,000	View
Florida Capital Bank, N.A	Conventional	1	0.1%	100%	$225,000
Thrivent Bank	Conventional	1	0.1%	50%	$155,000
The Federal Savings Bank B+4.8 ★Texas Ratio: 16.98%	VA	1	0.1%	50%	$315,000	View
Sofi Bank, National Association A+5.0 ★Texas Ratio: 0.51%	Conventional	1	0.1%	100%	$95,000	View
Angel Oak Mortgage Solutions LLC	Conventional	1	0.1%	100%	$555,000
Carrington Mortgage Services LLC	Conventional	1	0.1%	50%	$35,000
Reliance First Capital, LLC	Conventional	1	0.1%	100%	$135,000
Plains Commerce Bank A5.0 ★Texas Ratio: 9.09%	Conventional	1	0.1%	100%	$385,000	View
Texana Bank	Conventional	1	0.1%	100%	$235,000
Plaza Home Mortgage, Inc	Conventional	1	0.1%	100%	$255,000
Goprime Mortgage, Inc.	VA	1	0.1%	100%	$635,000
Figure Lending LLC	HELOC	0 +6 HELOCs	0%	n/a
Coastal Community Bank B4.5 ★Texas Ratio: 20.96%	HELOC	0 +6 HELOCs	0%	n/a		View
Veridian Credit Union C3.9 ★Texas Ratio: 27.97%	HELOC	0 +5 HELOCs	0%	n/a		View
Citizens Bank, NA A+5.0 ★Texas Ratio: 5.44%	HELOC	0 +2 HELOCs	0%	n/a		View
Digital Federal Credit Union	HELOC	0 +2 HELOCs	0%	n/a
Third Federal Savings and Loan A+5.0 ★Texas Ratio: 2.32%	HELOC	0 +2 HELOCs	0%	n/a		View
Bnc National Bank A+5.0 ★Texas Ratio: 5.05%	HELOC	0 +1 HELOCs	0%	n/a		View
Fourleaf Federal Credit Union	HELOC	0 +1 HELOCs	0%	n/a
Goodleap, LLC	HELOC	0 +1 HELOCs	0%	0%

Lender counts and market shares come from 2025 federal HMDA loan data, the public record of mortgage applications and closings. Health grades: MonitorBankRates, rates as of Oct 7, 2026.

Shakopee Mortgage Rate Trends

Daily average mortgage rates for Minnesota compared with the national average, updated every evening.

30-Year Fixed MN Avg

7.512%

▲ 0.089 vs 7 days ago

15-Year Fixed MN Avg

6.996%

▲ 0.059 vs 7 days ago

Mortgage Lenders and Mortgage Brokers Near Me in Shakopee, Minnesota

Looking for mortgage lenders near me or mortgage brokers near me in Shakopee? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Shakopee in 2025, with lenders based there listed first.

Types of Mortgage Lenders in Shakopee, MN

Use these to narrow the list above. Each category shows how many Shakopee, MN lenders fit and what that kind of lender is usually best for.

Mortgage companies and brokers 82 lenders. Nonbank lenders and brokers that shop several wholesale lenders; often the fastest closings Banks 58 lenders. Local and national banks with branches, portfolio and jumbo loans, and an MBR health grade Credit unions 22 lenders. Member owned, often lower fees and flexible underwriting for members FHA lenders 41 lenders. 3.5 percent down and credit scores into the 500s; the usual route for bad credit or low down payment buyers VA lenders 24 lenders. No down payment and no mortgage insurance for eligible veterans and service members Jumbo lenders 5 lenders. Loans above the conforming limit for higher priced homes Local lenders based in MN 37 lenders headquartered in Minnesota, the closest thing to a mortgage lender near you

Who Lends in Shakopee, MN

Independent mortgage companies closed 66.1 percent of home loans in Shakopee, Minnesota in 2025, banks 23.5 percent and credit unions 10.4 percent. Luminate Home Loans, Inc. was the largest mortgage company, US Bank, N.A. the largest bank and Thrivent Federal Credit Union the largest credit union. Among lenders headquartered in Minnesota, Wells Fargo Bank NA led with 13 loans.

66.1%

Mortgage companies

23.5%

Banks

10.4%

Credit unions

10%

FHA loans

VA 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

All Minnesota lenders 711 lenders Minneapolis 297 lenders St. Paul 252 lenders Rochester 198 lenders Lakeville 187 lenders Woodbury 186 lenders Maple Grove 180 lenders Duluth 168 lenders Blaine 180 lenders Plymouth 187 lenders Bloomington 163 lenders St. Cloud 152 lenders Brooklyn Park 153 lenders

Frequently Asked Questions About Mortgage Lenders in Shakopee, MN

Who is the largest mortgage lender in Shakopee, MN?

By home loans closed in 2025, US Bank, N.A. was the largest mortgage lender in Shakopee, Minnesota with 17 loans, about 1.7 percent of the market. The largest lender headquartered in Minnesota was Wells Fargo Bank NA with 13 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which mortgage lenders in Shakopee, MN have the highest approval rates?

Among lenders with meaningful volume in Shakopee, Minnesota, Bell Bank approved the highest share of completed applications in 2025 at 96.4 percent, against a 86.5 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.

Which Shakopee, MN mortgage lenders offer FHA, VA and USDA loans?

41 lenders closed FHA loans in Shakopee, Minnesota in 2025, led by United Wholesale Mortgage with 13. 24 lenders closed VA loans, led by United Wholesale Mortgage. 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.

Are credit unions and local banks included in this Shakopee, MN lender list?

Yes. 58 banks and 22 credit unions closed home loans in Shakopee, Minnesota in 2025, alongside 82 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.

How are mortgage lenders in Shakopee, MN ranked on this page?

Lenders are ranked only by the number of home loans they closed in Shakopee, 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 Shakopee, 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 Shakopee. 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.