Mortgage Lenders and Brokers in Virginia, 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
Virginia, Minnesota mortgage lenders include Frandsen Bank & TrustFrandsen Bank & Trust501 Chestnut St, Virginia, MN 55792A+5.0 ★Texas Ratio: 5.91%, US Bank, N.A.US Bank, N.A.230 1st St S, Virginia, MN 55792A+5.0 ★Texas Ratio: 2.85%, Wells Fargo Bank NAWells Fargo Bank NA401 Chestnut St, Virginia, MN 55792A+5.0 ★Texas Ratio: 5.36%, Granite BankGranite Bank11660 Theatre Dr N, Champlin, MN 55316A5.0 ★Texas Ratio: 13.85%, First National Bank of GilbertFirst National Bank of Gilbert2 N Broadway Ave, Gilbert, MN 55741A+5.0 ★Texas Ratio: 1.84%, Members Cooperative Credit UnionMembers Cooperative Credit Union108 Minnesota Ave N, Aitkin, MN 56431 1410A5.0 ★Texas Ratio: 10.43%, Park State BankPark State Bank221 Main St N, Biwabik, MN 55708A+5.0 ★Texas Ratio: 5.68%, Bell BankBell Bank1001 Broadway St, Alexandria, MN 56308A+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%, and Centricity Credit UnionCentricity Credit Union2501 London Rd, Duluth, MN 55812A+5.0 ★Texas Ratio: 3.95%. 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 Virginia, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Virginia 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 Virginia, Minnesota
Market share is the lender's share of all home loans closed in Virginia, 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 Virginia 501 Chestnut St, Virginia, MN 55792 A+5.0 ★Texas Ratio: 5.91% |
Conventional | 7 | 5.3% | 100% | $122,142 | View |
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1 office in Virginia 230 1st St S, Virginia, MN 55792 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 5 +1 HELOCs |
3.8% | 55.6% | $123,000 | View |
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1 office in Virginia 401 Chestnut St, Virginia, MN 55792 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.8% | 50% | $155,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 6 | 4.6% | 100% | $70,000 | View |
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2 N Broadway Ave, Gilbert, MN 55741 A+5.0 ★Texas Ratio: 1.84% |
Conventional | 5 | 3.8% | 100% | $99,000 | View |
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108 Minnesota Ave N, Aitkin, MN 56431 1410 A5.0 ★Texas Ratio: 10.43% |
Conventional | 3 | 2.3% | 75% | $128,333 | View |
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221 Main St N, Biwabik, MN 55708 A+5.0 ★Texas Ratio: 5.68% |
Conventional | 3 | 2.3% | 60% | $88,333 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 2 +1 HELOCs |
1.5% | 100% | $265,000 | View |
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22 1st St Ne, Bagley, MN 56621 A+5.0 ★Texas Ratio: 5.00% |
Conventional | 2 | 1.5% | 100% | $215,000 | View |
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2501 London Rd, Duluth, MN 55812 A+5.0 ★Texas Ratio: 3.95% |
Conventional | 2 | 1.5% | 100% | $65,000 | View |
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1117 17th St S, Virginia, MN 55792 3782 A5.0 ★Texas Ratio: 6.36% |
Conventional | 1 | 0.8% | 50% | $45,000 | View |
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1460 S 12th Ave, Virginia, MN 55792 3247 A+5.0 ★Texas Ratio: 4.41% |
Conventional | 1 | 0.8% | 33.3% | $45,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional | 1 | 0.8% | 100% | $235,000 | View |
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12500 Sherburne Avenue, Becker, MN 55308 A+5.0 ★Texas Ratio: 0.20% |
Conventional | 1 | 0.8% | 100% | $135,000 | View |
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7831 E Bush Lake Rd, Edina, MN 55439 A+5.0 ★Texas Ratio: 3.43% |
Conventional | 1 | 0.8% | 100% | $85,000 | View |
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213 Main St N, Aurora, MN 55705 A+5.0 ★Texas Ratio: 1.03% |
Conventional | 1 | 0.8% | 100% | $35,000 | View |
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1702 Avenue B, Cloquet, MN 55720 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 1 | 0.8% | 100% | $35,000 | View |
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900 American Blvd W, Bloomington, MN 55420 A5.0 ★Texas Ratio: 6.54% |
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, FHA, VA | 12 | 9.2% | 100% | $136,666 | |
Miners NB of Eveleth
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Conventional | 8 | 6.1% | 72.7% | $111,250 | |
Summit Mortgage Corporation
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Conventional, FHA | 3 | 2.3% | 100% | $118,333 | |
Fairway Independent Mort Corp
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Conventional, FHA, USDA | 12 | 9.2% | 86.7% | $105,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 11 | 8.4% | 73.3% | $160,454 | |
Lower, LLC
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Conventional, FHA | 7 | 5.3% | 100% | $116,428 | |
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A+5.0 ★Texas Ratio: 2.54% |
Conventional, FHA | 4 | 3.1% | 100% | $140,000 | View |
American Neighborhood Mortgage Acceptance Company
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Conventional, FHA | 3 | 2.3% | 75% | $81,666 | |
Alameda Mortgage Corporation
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Conventional, FHA | 2 | 1.5% | 100% | $45,000 | |
United Wholesale Mortgage
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FHA, VA | 2 | 1.5% | 100% | $160,000 | |
CrossCountry Mortgage, LLC
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FHA | 2 | 1.5% | 100% | $180,000 | |
Pennymac Loan Services LLC
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FHA, VA | 2 | 1.5% | 50% | $115,000 | |
Nationstar Mortgage
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FHA, VA | 2 | 1.5% | 100% | $145,000 | |
Consumer Real Estate Finance Co DBA Society Mortgage
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FHA | 1 | 0.8% | 100% | $145,000 | |
Primelending
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Conventional | 1 | 0.8% | 100% | $155,000 | |
Freedom Mortgage Corporation
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FHA | 1 | 0.8% | 100% | $115,000 | |
Kind Lending, LLC
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Conventional | 1 | 0.8% | 50% | $325,000 | |
Guild Mortgage Company
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Conventional | 1 | 0.8% | 100% | $145,000 | |
Click n' Close, Inc.
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USDA | 1 | 0.8% | 100% | $75,000 | |
Cardinal Financial Company, Li
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FHA | 1 | 0.8% | 100% | $225,000 | |
American Internet Mortgage, Inc.
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Conventional | 1 | 0.8% | 100% | $145,000 | |
New Day Financial, LLC.
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VA | 1 | 0.8% | 66.7% | $115,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.8% | 100% | $135,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.8% | 100% | $185,000 | View |
First Western Federal Savings Bank
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Conventional | 1 | 0.8% | 100% | $115,000 | |
Zillow Home Loans, LLC
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FHA | 1 | 0.8% | 100% | $115,000 | |
New American Funding, LLC.
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Conventional | 1 | 0.8% | 100% | $105,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
USDA | 1 | 0.8% | 100% | $145,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.8% | 100% | $55,000 | View |
Carrington Mortgage Services LLC
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VA | 1 | 0.8% | 100% | $415,000 | |
Spring Eq, LLC
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Conventional | 1 | 0.8% | 33.3% | $75,000 | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View |
Virginia 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 Virginia, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Virginia? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Virginia in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Virginia, MN
Use these to narrow the list above. Each category shows how many Virginia, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Virginia, MN
Independent mortgage companies closed 56.5 percent of home loans in Virginia, Minnesota in 2025, banks 37.4 percent and credit unions 6.1 percent. Servion was the largest mortgage company, Frandsen Bank & Trust the largest bank and Members Cooperative Credit Union the largest credit union. Among lenders headquartered in Minnesota, Frandsen Bank & Trust led with 7 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 Virginia, MN
By home loans closed in 2025, Frandsen Bank & Trust was the largest mortgage lender in Virginia, Minnesota with 7 loans, about 5.3 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
16 lenders closed FHA loans in Virginia, Minnesota in 2025, led by Fairway Independent Mort Corp with 3. 8 lenders closed VA loans, led by Rocket Mortgage, 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. 21 banks and 6 credit unions closed home loans in Virginia, Minnesota in 2025, alongside 25 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 Virginia, 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 Virginia, 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 Virginia. 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.
