Mortgage Lenders and Brokers in Two Harbors, 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
Two Harbors, Minnesota mortgage lenders include Park State BankPark State Bank613 1st Ave, Two Harbors, MN 55616A+5.0 ★Texas Ratio: 5.68%, Two Harbors FCUTwo Harbors FCU801 11th St, Two Harbors, MN 55616A+5.0 ★Texas Ratio: 0.32%, Wells Fargo Bank NAWells Fargo Bank NA622 1st Ave, Two Harbors, MN 55616A+5.0 ★Texas Ratio: 5.36%, North Shore Federal Credit UnionNorth Shore Federal Credit Union404 7th Ave, Two Harbors, MN 55616 1450A+5.0 ★Texas Ratio: 2.03%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+5.0 ★Texas Ratio: 3.66%, North Shore Bank of CommerceNorth Shore Bank of Commerce4801 E Superior St, Duluth, MN 55804A+5.0 ★Texas Ratio: 1.35%, Topline Financial Credit UnionTopline Financial Credit Union900 American Blvd W, Bloomington, MN 55420A5.0 ★Texas Ratio: 6.54%, Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+5.0 ★Texas Ratio: 4.56%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, and Alerus Financial NAAlerus Financial NA143 W Clark St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 3.32%. 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 Two Harbors, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Two Harbors 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 Two Harbors, Minnesota
Market share is the lender's share of all home loans closed in Two Harbors, 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 Two Harbors 613 1st Ave, Two Harbors, MN 55616 A+5.0 ★Texas Ratio: 5.68% |
Conventional, USDA | 20 | 17.4% | 83.3% | $259,500 | View |
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801 11th St, Two Harbors, MN 55616 A+5.0 ★Texas Ratio: 0.32% |
Conventional | 19 | 16.5% | 100% | $84,473 | View |
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1 office in Two Harbors 622 1st Ave, Two Harbors, MN 55616 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.9% | 100% | $65,000 | View |
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404 7th Ave, Two Harbors, MN 55616 1450 A+5.0 ★Texas Ratio: 2.03% |
Conventional | 20 | 17.4% | 90.9% | $165,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 9 +1 HELOCs |
7.8% | 100% | $199,444 | View |
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4801 E Superior St, Duluth, MN 55804 A+5.0 ★Texas Ratio: 1.35% |
Conventional, FHA | 9 | 7.8% | 90% | $260,555 | View |
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900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54% |
Conventional | 3 | 2.6% | 100% | $318,333 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 1 +1 HELOCs |
0.9% | 100% | $185,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 1 | 0.9% | 25% | $275,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional | 1 | 0.9% | 100% | $255,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.9% | 100% | $235,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional | 1 | 0.9% | 100% | $255,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional | 1 | 0.9% | 100% | $195,000 | View |
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108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
Conventional | 1 | 0.9% | 50% | $55,000 | View |
Minnesota Valley Federal Credit Union
100 Memorial View Ct, Mankato, MN 56001 |
Conventional | 1 | 0.9% | 100% | $265,000 | |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional | 1 | 0.9% | 100% | $75,000 | View |
Rocket Mortgage
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Conventional, FHA | 7 | 6.1% | 87.5% | $189,285 | |
Amerisave Mortgage Company
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Conventional, FHA | 3 | 2.6% | 75% | $195,000 | |
United Wholesale Mortgage
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FHA, VA, HELOC | 2 +2 HELOCs |
1.7% | 100% | $245,000 | |
Everett Financial, Inc.
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Conventional, VA | 2 | 1.7% | 100% | $295,000 | |
CrossCountry Mortgage, LLC
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FHA, HELOC | 1 +1 HELOCs |
0.9% | 100% | $145,000 | |
Premier Mortgage Resources, LLC
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FHA | 1 | 0.9% | 100% | $265,000 | |
loanDepot.com LLC
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FHA | 1 | 0.9% | 100% | $395,000 | |
Pennymac Loan Services LLC
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FHA | 1 | 0.9% | 100% | $185,000 | |
Mid America Bank
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Conventional | 1 | 0.9% | 100% | $255,000 | |
Freedom Mortgage Corporation
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FHA | 1 | 0.9% | 100% | $225,000 | |
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A+5.0 ★Texas Ratio: 1.08% |
Conventional | 1 | 0.9% | 100% | $215,000 | View |
Nations Lending Corporation
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FHA | 1 | 0.9% | 100% | $145,000 | |
Nationstar Mortgage
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Conventional | 1 | 0.9% | 100% | $185,000 | |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional | 1 | 0.9% | 100% | $275,000 | View |
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A+5.0 ★Texas Ratio: 2.14% |
Conventional | 1 | 0.9% | 100% | $295,000 | View |
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
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 |
Two Harbors 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 Two Harbors, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Two Harbors? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Two Harbors in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Two Harbors, MN
Use these to narrow the list above. Each category shows how many Two Harbors, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Two Harbors, MN
Independent mortgage companies closed 18.3 percent of home loans in Two Harbors, Minnesota in 2025, banks 40.9 percent and credit unions 40.9 percent. Rocket Mortgage was the largest mortgage company, Park State Bank the largest bank and Two Harbors FCU the largest credit union. Among lenders headquartered in Minnesota, Park State Bank led with 20 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 Two Harbors, MN
By home loans closed in 2025, Park State Bank was the largest mortgage lender in Two Harbors, Minnesota with 20 loans, about 17.4 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
10 lenders closed FHA loans in Two Harbors, Minnesota in 2025, led by North Shore Bank of Commerce with 1. 2 lenders closed VA loans, led by United Wholesale Mortgage, 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.
Yes. 14 banks and 8 credit unions closed home loans in Two Harbors, Minnesota in 2025, alongside 11 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 Two Harbors, 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 Two Harbors, 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 Two Harbors. 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.
