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Mortgage Lenders and Brokers in St. Michael, Minnesota

Content reviewed by

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

St. Michael, Minnesota mortgage lenders include Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, 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%, Affinity Plus Federal Credit UnionAffinity Plus Federal Credit Union1719 W Main St, Albert Lea, MN 56007 4385A+5.0 ★Texas Ratio: 4.41%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%, Huntington National BankHuntington National Bank405 E Main St, Anoka, MN 55303A+5.0 ★Texas Ratio: 3.66%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, Wings Financial Credit UnionWings Financial Credit Union14985 Glazier Ave, Apple Valley, MN 55124, 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 St. Michael, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in St. Michael 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 St. Michael, Minnesota

Market share is the lender's share of all home loans closed in St. Michael, 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
Bell Bank 1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66%	Conventional, FHA, VA, Jumbo, HELOC	75 +8 HELOCs	6.9%	97.4%	$373,800	View
Trustone Financial Credit Union 2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56%	Conventional, FHA, VA, HELOC	48 +26 HELOCs	4.4%	87.3%	$127,291	View
Blaze Credit Union 10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19%	Conventional, HELOC	31 +21 HELOCs	2.9%	89.5%	$124,677	View
Affinity Plus Federal Credit Union 1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41%	Conventional, HELOC	20 +6 HELOCs	1.8%	83.3%	$123,500	View
Granite Bank 11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85%	Conventional, FHA	20	1.8%	90.9%	$317,000	View
Wells Fargo Bank NA 122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36%	Conventional, VA	16	1.5%	88.9%	$301,875	View
Huntington National Bank 405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66%	Conventional, FHA, VA, Jumbo, HELOC	15 +6 HELOCs	1.4%	93.8%	$575,000	View
US Bank, N.A. 331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85%	Conventional, Jumbo, HELOC	12 +15 HELOCs	1.1%	50%	$266,666	View
Wings Financial Credit Union 14985 Glazier Ave, Apple Valley, MN 55124	Conventional, HELOC	10 +8 HELOCs	0.9%	100%	$373,000	View
Luminate Bank 208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06%	Conventional, FHA	10	0.9%	100%	$362,000	View
JPMorgan Chase Bank, NA 15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68%	Conventional, VA, HELOC	8 +2 HELOCs	0.7%	100%	$382,500	View
Magnifi Financial Credit Union 641 Railroad Ave, Albany, MN 56307 A+5.0 ★Texas Ratio: 1.40%	Conventional, HELOC	8 +1 HELOCs	0.7%	88.9%	$247,500	View
Highland Bank 11800 Aberdeen St Ne, Blaine, MN 55449 C+4.1 ★Texas Ratio: 26.29%	Conventional	8	0.7%	72.7%	$85,000	View
Old National Bank 101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98%	Conventional, VA, Jumbo, HELOC	6 +3 HELOCs	0.6%	100%	$658,333	View
The First National Bank of Milaca 10225 115th Street NE, Gilman, MN 56333 A+5.0 ★Texas Ratio: 1.77%	Conventional	4	0.4%	100%	$255,000	View
Alerus Financial NA 143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32%	Conventional, FHA, HELOC	3 +4 HELOCs	0.3%	100%	$455,000	View
Bank of America NA 7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	3 +2 HELOCs	0.3%	75%	$395,000	View
The Bank of Elk River 630 Main St Nw, Elk River, MN 55330 A-4.8 ★Texas Ratio: 10.95%	Conventional, Jumbo	3	0.3%	100%	$491,666	View
Sherburne State Bank 12500 Sherburne Avenue, Becker, MN 55308 A+5.0 ★Texas Ratio: 0.20%	Conventional	3	0.3%	100%	$341,666	View
Cortrust Bank 2850 Cutters Grove Ave, Anoka, MN 55303 A+5.0 ★Texas Ratio: 5.11%	Conventional	3	0.3%	100%	$85,000	View
Liberty Bank Minnesota 730 Humboldt Dr, Big Lake, MN 55309 A+5.0 ★Texas Ratio: 0.00%	Conventional	3	0.3%	100%	$241,666	View
Topline Financial Credit Union 900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54%	Conventional, HELOC	2 +10 HELOCs	0.2%	66.7%	$315,000	View
BMO Harris Bank NA 412 E Main St, Ada, MN 56510 A+5.0 ★Texas Ratio: 3.54%	Conventional, HELOC	2 +4 HELOCs	0.2%	100%	$385,000	View
Lake Central Bank 40 Chestnut St W, Annandale, MN 55302 A+5.0 ★Texas Ratio: 0.26%	Conventional	2	0.2%	100%	$300,000	View
Associated Healthcare CU 4050 Coon Rapids Blvd NW, Coon Rapids, MN 55433 A+5.0 ★Texas Ratio: 3.27%	Conventional	2	0.2%	100%	$100,000	View
Building Trades Federal Credit Union 9741 Lyndale Ave S, Bloomington, MN 55420 A+5.0 ★Texas Ratio: 1.58%	Conventional	2	0.2%	66.7%	$35,000	View
St. Cloud Financial Credit Union 5600 La Centre Ave Ste 100, Albertville, MN 55301 4018 A+5.0 ★Texas Ratio: 3.54%	Conventional	2	0.2%	100%	$195,000	View
Community Resource Bank 1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12%	Conventional	2	0.2%	100%	$325,000	View
Sharepoint Credit Union 13735 Round Lake Blvd NW, Andover, MN 55304 A+5.0 ★Texas Ratio: 5.40%	Conventional	2	0.2%	100%	$135,000	View
Bravera Bank 11102 57th St Ne, Albertville, MN 55301 A+5.0 ★Texas Ratio: 5.48%	Conventional	2	0.2%	100%	$225,000	View
Deerwood Bank 14986 Lynwood Dr, Baxter, MN 56425 A+5.0 ★Texas Ratio: 4.01%	Conventional, HELOC	1 +19 HELOCs	0.1%	100%	$645,000	View
Ideal Credit Union 3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61%	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$145,000	View
Bankwest 311 10th Ave S, Buffalo, MN 55313 A+5.0 ★Texas Ratio: 3.09%	Conventional	1	0.1%	50%	$235,000	View
The State Bank of Faribault 428 Central Ave N, Faribault, MN 55021 A5.0 ★Texas Ratio: 11.55%	Conventional	1	0.1%	100%	$355,000	View
Think Mutual Bank 15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90%	Conventional	1	0.1%	100%	$95,000	View
Heartland Credit Union 4001 Lexington Ave N, Arden Hills, MN 55126 A+5.0 ★Texas Ratio: 4.68%	Conventional	1	0.1%	100%	$95,000	View
Luminate Home Loans, Inc. 208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06%	FHA	1	0.1%	100%	$435,000	View
Premier Bank 1777 Bunker Lake Blvd Nw, Andover, MN 55304 A+5.0 ★Texas Ratio: 0.02%	Conventional	1	0.1%	100%	$375,000	View
First Resource Bank 808 W Broadway Ave, Forest Lake, MN 55025 A+5.0 ★Texas Ratio: 0.72%	Conventional	1	0.1%	100%	$305,000	View
Citizens Alliance Bank 55 1st St Nw, Clara City, MN 56222 A5.0 ★Texas Ratio: 10.53%	Conventional	1	0.1%	100%	$335,000	View
Platinum Bank 7667 10th St N, Oakdale, MN 55128 A+5.0 ★Texas Ratio: 2.38%	Conventional	1	0.1%	100%	$415,000	View
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%	$55,000	View
Heritage Bank NA 242 N 1st St, Pennock, MN 56279 C-3.6 ★Texas Ratio: 31.27%	VA	1	0.1%	100%	$445,000	View
First Bank Elk River 1121 W Highway 10, Anoka, MN 55303 A+5.0 ★Texas Ratio: 4.65%	Conventional	1	0.1%	100%	$475,000	View
Associated Bank NA 7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45%	HELOC	0 +3 HELOCs	0%	n/a		View
Nicolet National Bank 455 Pond Promenade, Chanhassen, MN 55317 A+5.0 ★Texas Ratio: 2.28%	HELOC	0 +1 HELOCs	0%	n/a		View
Tradition Mortgage, LLC	Conventional, FHA, VA	23	2.1%	100%	$378,043
Cambria Financial Group	Conventional, FHA	4	0.4%	100%	$370,000
Summit Mortgage Corporation	Conventional, FHA, VA	4	0.4%	80%	$377,500
Servion	FHA	1	0.1%	100%	$315,000
Bremer Bank NA	HELOC	0 +1 HELOCs	0%	n/a
Lennar Mortgage, LLC	Conventional, FHA	77	7.1%	97.5%	$405,259
M/I Financial. LLC	Conventional, FHA, VA	65	6%	98.6%	$369,769
United Wholesale Mortgage	Conventional, FHA, VA, HELOC	61 +1 HELOCs	5.6%	91.2%	$394,016
Rocket Mortgage	Conventional, FHA, VA, HELOC	60 +1 HELOCs	5.5%	90.1%	$272,333
CrossCountry Mortgage, LLC	Conventional, FHA, VA, HELOC	43 +1 HELOCs	4%	100%	$374,767
New American Funding, LLC.	Conventional, FHA, VA, Jumbo, HELOC	36 +1 HELOCs	3.3%	94.7%	$394,166
Sfmc, LP	Conventional, FHA, VA	30	2.8%	93.8%	$466,333
Pennymac Loan Services LLC	Conventional, FHA, VA	25	2.3%	100%	$392,200
Fairway Independent Mort Corp	Conventional, FHA, VA	22	2%	88%	$336,363
Paramount Residential Mortgage	Conventional, FHA, VA	18	1.7%	100%	$322,222
loanDepot.com LLC	Conventional, FHA, VA	17	1.6%	77.3%	$223,823
Prosperity Home Mortgage, LLC	Conventional, FHA, VA	14	1.3%	93.3%	$330,000
Freedom Mortgage Corporation	Conventional, FHA, VA	11	1%	100%	$385,909
Cmg Mortgage Inc	Conventional, FHA, VA, USDA	11	1%	85.7%	$218,636
Mortgage Research Center	VA	10	0.9%	66.7%	$415,000
Guaranteed Rate, Inc.	Conventional	9	0.8%	100%	$313,888
Everett Financial, Inc.	Conventional, FHA, VA	9	0.8%	100%	$367,222
Newrez LLC	Conventional, FHA	9	0.8%	56.2%	$322,777
Nationstar Mortgage	Conventional, FHA	9	0.8%	100%	$112,777
Lower, LLC	Conventional, VA	8	0.7%	100%	$347,500
Plaza Home Mortgage, Inc	Conventional, FHA, VA	7	0.6%	100%	$450,714
Baxter Credit Union A5.0 ★Texas Ratio: 6.31%	Conventional, HELOC	6 +4 HELOCs	0.6%	88.9%	$306,666	View
Guaranteed Rate Affinity, LLC	Conventional, FHA, VA	6	0.6%	85.7%	$321,666
Movement Mortgage, LLC	Conventional, FHA	6	0.6%	100%	$286,666
Cardinal Financial Company, Li	Conventional, FHA, VA	6	0.6%	100%	$318,333
Spring Eq, LLC	Conventional, HELOC	5 +1 HELOCs	0.5%	63.6%	$77,000
Kind Lending, LLC	Conventional, FHA	5	0.5%	100%	$359,000
Waterstone Mortgage Corporation	Conventional, FHA	5	0.5%	100%	$183,000
Florida Capital Bank, N.A	Conventional	5	0.5%	100%	$279,000
Mason-McDuffie Mortgage Corporation	Conventional, FHA	5	0.5%	100%	$363,000
Navy Federal Credit Union	Conventional, VA, HELOC	4 +1 HELOCs	0.4%	100%	$222,500
A&D Mortgage LLC A+5.0 ★Texas Ratio: 4.11%	Conventional	4	0.4%	100%	$407,500	View
SWBC Mortgage Corporation	Conventional, FHA	4	0.4%	80%	$440,000
Go Mortgage, LLC	Conventional	4	0.4%	100%	$382,500
Plains Commerce Bank A5.0 ★Texas Ratio: 9.09%	Conventional	4	0.4%	100%	$300,000	View
American Neighborhood Mortgage Acceptance Company	Conventional, FHA	4	0.4%	100%	$275,000
Gold Star Mortgage Financial Group, Corporation	Conventional	3	0.3%	100%	$515,000
Guidance Residential, LLC	Conventional	3	0.3%	100%	$388,333
Resicentral LLC	Conventional	3	0.3%	100%	$388,333
Guild Mortgage Company	Conventional	3	0.3%	100%	$471,666
American Pacific Mortgage Corporation	Conventional, FHA, VA	3	0.3%	100%	$448,333
Uif Corporation	Conventional	3	0.3%	100%	$388,333
Mutual of Omaha Mortgage	Conventional, VA	3	0.3%	100%	$405,000
Carrington Mortgage Services LLC	Conventional, FHA	3	0.3%	75%	$128,333
Better Mortgage Corporation	Conventional, HELOC	2 +2 HELOCs	0.2%	100%	$270,000
Greenstate Credit Union	Conventional	2	0.2%	100%	$230,000
AmeriHome Mortgage Company, LLC	Conventional, FHA	2	0.2%	66.7%	$520,000
Amerisave Mortgage Company	Conventional, VA	2	0.2%	40%	$220,000
AdvantageFirst Lending Inc	FHA, VA	2	0.2%	100%	$430,000
American Financial Network, Inc.	FHA	2	0.2%	50%	$360,000
Discover Bank	Conventional	2	0.2%	33.3%	$85,000
Click n' Close, Inc.	Conventional, FHA	2	0.2%	100%	$130,000
Union Home Mortgage Corp.	Conventional	2	0.2%	66.7%	$525,000
Provident Funding Associates	Conventional	2	0.2%	100%	$400,000
Megastar Finanacial Corp	Conventional, FHA	2	0.2%	100%	$465,000
The Loan Store, Inc	Conventional, FHA	2	0.2%	100%	$320,000
Magnolia Bank A-5.0 ★Texas Ratio: 14.97%	FHA, VA	2	0.2%	100%	$270,000	View
Ixonia Bank A+5.0 ★Texas Ratio: 2.14%	Conventional	2	0.2%	100%	$220,000	View
Royal Credit Union A+5.0 ★Texas Ratio: 3.17%	Conventional	2	0.2%	66.7%	$455,000	View
Midwestone Bank	Conventional, HELOC	1 +7 HELOCs	0.1%	50%	$395,000
Genisys Credit Union	Conventional	1	0.1%	100%	$315,000
Ruoff Mortgage Company	FHA	1	0.1%	100%	$385,000
Premia Mortgage, LLC A5.0 ★Texas Ratio: 13.21%	Conventional	1	0.1%	100%	$245,000	View
Primelending	Conventional	1	0.1%	100%	$345,000
Primary Residential Mortgage, INC.	VA	1	0.1%	100%	$525,000
Lakeview Loan Servicing, LLC	FHA	1	0.1%	55.6%	$395,000
Nbkc Bank	VA	1	0.1%	100%	$415,000
Allied Mortgage Group, Inc	Conventional	1	0.1%	100%	$275,000
Flagstar Bank NA D3.3 ★Texas Ratio: 35.11%	Conventional	1	0.1%	25%	$485,000	View
Loanunited.Com, LLC	FHA	1	0.1%	100%	$215,000
Home Mortgage Alliance Corp (Hmac)	Conventional	1	0.1%	100%	$375,000
Ocmbc, Inc. A+5.0 ★Texas Ratio: 5.05%	Conventional	1	0.1%	100%	$555,000	View
First State Bank of St Charles	Conventional	1	0.1%	100%	$315,000
Citizens State Bank A+5.0 ★Texas Ratio: 3.68%	Conventional	1	0.1%	100%	$215,000	View
Gate City Bank	Conventional	1	0.1%	100%	$605,000
Weichert Financial Services	Conventional	1	0.1%	100%	$375,000
Homeowners Financial Group, LLC	FHA	1	0.1%	100%	$295,000
Churchill Mortgage Corporation	Conventional	1	0.1%	100%	$315,000
Planet Home Lending, LLC	VA	1	0.1%	100%	$525,000
Embrace Home Loans, Inc.	FHA	1	0.1%	100%	$435,000
Nations Lending Corporation	FHA	1	0.1%	50%	$405,000
Peoples Bank B4.4 ★Texas Ratio: 21.68%	FHA	1	0.1%	100%	$445,000	View
Cortrust Mortgage, Inc. A+5.0 ★Texas Ratio: 5.11%	Conventional	1	0.1%	50%	$165,000	View
V.I.P. Mortgage, Inc.	VA	1	0.1%	100%	$465,000
Zillow Home Loans, LLC	Conventional	1	0.1%	100%	$325,000
Charter West Bank A+5.0 ★Texas Ratio: 2.29%	Conventional	1	0.1%	100%	$545,000	View
Truist Bank ★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87%	Conventional	1	0.1%	100%	$195,000	View
Morgan Stanley Private Bank NA A4.8 ★Texas Ratio: 2.45%	Conventional	1	0.1%	100%	$245,000	View
The Federal Savings Bank B+4.8 ★Texas Ratio: 16.98%	Conventional	1	0.1%	100%	$265,000	View
Sofi Bank, National Association A+5.0 ★Texas Ratio: 0.51%	Conventional	1	0.1%	50%	$55,000	View
Top Flite Financial, Inc.	FHA	1	0.1%	100%	$315,000
Servbank, N.A. A+5.0 ★Texas Ratio: 3.26%	VA	1	0.1%	100%	$495,000	View
Tomo Mortgage LLC	FHA	1	0.1%	100%	$405,000
Champions Funding, LLC	Conventional	1	0.1%	100%	$145,000
Flyhomes Mortgage LLC	Conventional	1	0.1%	100%	$315,000
Veridian Credit Union C3.9 ★Texas Ratio: 27.97%	HELOC	0 +9 HELOCs	0%	n/a		View
Coastal Community Bank B4.5 ★Texas Ratio: 20.96%	HELOC	0 +4 HELOCs	0%	n/a		View
Citizens Bank, NA A+5.0 ★Texas Ratio: 5.44%	HELOC	0 +2 HELOCs	0%	n/a		View
Third Federal Savings and Loan A+5.0 ★Texas Ratio: 2.32%	HELOC	0 +2 HELOCs	0%	n/a		View
Goodleap, LLC	HELOC	0 +1 HELOCs	0%	n/a
Figure Lending LLC	HELOC	0 +1 HELOCs	0%	n/a
HomeBridge Financial Services, Inc	HELOC	0 +1 HELOCs	0%	0%
Connexus Credit Union	HELOC	0 +1 HELOCs	0%	n/a

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.

St. Michael 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 St. Michael, Minnesota

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

Types of Mortgage Lenders in St. Michael, MN

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

Mortgage companies and brokers 76 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 20 lenders. Member owned, often lower fees and flexible underwriting for members FHA lenders 55 lenders. 3.5 percent down and credit scores into the 500s; the usual route for bad credit or low down payment buyers VA lenders 39 lenders. No down payment and no mortgage insurance for eligible veterans and service members USDA lenders 1 lenders. Zero down loans in eligible rural and suburban areas Jumbo lenders 6 lenders. Loans above the conforming limit for higher priced homes Local lenders based in MN 39 lenders headquartered in Minnesota, the closest thing to a mortgage lender near you

Who Lends in St. Michael, MN

Independent mortgage companies closed 63.8 percent of home loans in St. Michael, Minnesota in 2025, banks 22.8 percent and credit unions 13.3 percent. Luminate Home Loans, Inc. was the largest mortgage company, Bell Bank the largest bank and Trustone Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, Trustone Financial Credit Union led with 48 loans.

63.8%

Mortgage companies

22.8%

Banks

13.3%

Credit unions

15%

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 St. Michael, MN

Who is the largest mortgage lender in St. Michael, MN?

By home loans closed in 2025, Bell Bank was the largest mortgage lender in St. Michael, Minnesota with 75 loans, about 6.9 percent of the market. The largest lender headquartered in Minnesota was Trustone Financial Credit Union with 48 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which mortgage lenders in St. Michael, MN have the highest approval rates?

Among lenders with meaningful volume in St. Michael, Minnesota, M/I Financial. LLC approved the highest share of completed applications in 2025 at 98.6 percent, against a 90.3 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 St. Michael, MN mortgage lenders offer FHA, VA and USDA loans?

55 lenders closed FHA loans in St. Michael, Minnesota in 2025, led by M/I Financial. LLC with 23. 39 lenders closed VA loans, led by Mortgage Research Center, and 1 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.

Are credit unions and local banks included in this St. Michael, MN lender list?

Yes. 58 banks and 20 credit unions closed home loans in St. Michael, Minnesota in 2025, alongside 76 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 St. Michael, MN ranked on this page?

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