Mortgage Lenders and Brokers in Waconia, 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
Waconia, Minnesota mortgage lenders include HomeTown BankHomeTown Bank641 Marketplace Dr, Waconia, MN 55387A+5.0 ★Texas Ratio: 3.53%, Old National BankOld National Bank53 W Main St, Waconia, MN 55387A+5.0 ★Texas Ratio: 4.98%, Security Bank & Trust CompanySecurity Bank & Trust Company835 Marketplace Dr, Waconia, MN 55387A+5.0 ★Texas Ratio: 2.36%, 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%, SouthPoint Financial Credit UnionSouthPoint Financial Credit Union502 Cherry Dr, Waconia, MN 55387 4578A+5.0 ★Texas Ratio: 1.13%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, Blaze Credit UnionBlaze Credit Union10 Northtown Dr NE, Blaine, MN 55434 1033A5.0 ★Texas Ratio: 6.19%, Huntington National BankHuntington National Bank405 E Main St, Anoka, MN 55303A+5.0 ★Texas Ratio: 3.66%, and Trustone Financial Credit UnionTrustone Financial Credit Union2772 E 82nd St, Bloomington, MN 55425 1365A+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 Waconia, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Waconia 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 Waconia, Minnesota
Market share is the lender's share of all home loans closed in Waconia, 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 Waconia 641 Marketplace Dr, Waconia, MN 55387 A+5.0 ★Texas Ratio: 3.53% |
Conventional | 13 | 3.5% | 100% | $215,000 | View |
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1 office in Waconia 53 W Main St, Waconia, MN 55387 A+5.0 ★Texas Ratio: 4.98% |
Conventional, HELOC | 7 +16 HELOCs |
1.9% | 100% | $392,142 | View |
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3 offices in Waconia 835 Marketplace Dr, Waconia, MN 55387 A+5.0 ★Texas Ratio: 2.36% |
Conventional | 4 | 1.1% | 100% | $135,000 | View |
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1001 Broadway St, Alexandria, MN 56308 A+5.0 ★Texas Ratio: 3.66% |
Conventional, Jumbo, HELOC | 25 +1 HELOCs |
6.6% | 100% | $387,800 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, Jumbo | 9 | 2.4% | 90% | $459,444 | View |
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502 Cherry Dr, Waconia, MN 55387 4578 A+5.0 ★Texas Ratio: 1.13% |
Conventional | 7 | 1.9% | 100% | $197,857 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, VA, HELOC | 6 +4 HELOCs |
1.6% | 77.8% | $290,000 | View |
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10 Northtown Dr NE, Blaine, MN 55434 1033 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 5 +4 HELOCs |
1.3% | 83.3% | $147,000 | View |
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405 E Main St, Anoka, MN 55303 A+5.0 ★Texas Ratio: 3.66% |
Conventional, HELOC | 4 +4 HELOCs |
1.1% | 80% | $225,000 | View |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
Conventional, HELOC | 4 +4 HELOCs |
1.1% | 80% | $292,500 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 4 +1 HELOCs |
1.1% | 100% | $52,500 | View |
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202 N Main St, Lake Crystal, MN 56055 A+5.0 ★Texas Ratio: 3.00% |
Conventional | 3 | 0.8% | 100% | $145,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 3 | 0.8% | 75% | $325,000 | View |
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14985 Glazier Ave, Apple Valley, MN 55124 |
Conventional, HELOC | 2 +4 HELOCs |
0.5% | 100% | $380,000 | View |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
Conventional, FHA | 2 | 0.5% | 100% | $420,000 | View |
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113 N Main St, Belview, MN 56214 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 2 | 0.5% | 100% | $295,000 | View |
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2850 Cutters Grove Ave, Anoka, MN 55303 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 2 | 0.5% | 100% | $80,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional, HELOC | 1 +1 HELOCs |
0.3% | 100% | $395,000 | View |
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22 1st St Ne, Bagley, MN 56621 A+5.0 ★Texas Ratio: 5.00% |
Conventional | 1 | 0.3% | 100% | $335,000 | View |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.3% | 100% | $255,000 | View |
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1420 White Oak Dr, Chaska, MN 55318 A5.0 ★Texas Ratio: 11.00% |
Conventional | 1 | 0.3% | 100% | $435,000 | View |
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11660 Theatre Dr N, Champlin, MN 55316 A5.0 ★Texas Ratio: 13.85% |
Conventional | 1 | 0.3% | 100% | $255,000 | View |
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9741 Lyndale Ave S, Bloomington, MN 55420 A+5.0 ★Texas Ratio: 1.58% |
Conventional | 1 | 0.3% | 100% | $105,000 | View |
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45 Hassan St SE, Hutchinson, MN 55350 A+5.0 ★Texas Ratio: 4.19% |
Conventional | 1 | 0.3% | 100% | $65,000 | View |
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301 West Lewis Street, Lewisville, MN 56060 A+5.0 ★Texas Ratio: 4.73% |
Conventional | 1 | 0.3% | 100% | $305,000 | View |
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1060 Paul Bunyan Dr Nw, Bemidji, MN 56601 A+5.0 ★Texas Ratio: 2.26% |
Conventional | 1 | 0.3% | 100% | $255,000 | View |
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101 Old Town Rd, Elko New Market, MN 55054 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.3% | 100% | $295,000 | View |
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950 Highway 95 N, Bayport, MN 55003 A+5.0 ★Texas Ratio: 0.25% |
Conventional | 1 | 0.3% | 100% | $395,000 | View |
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7667 10th St N, Oakdale, MN 55128 A+5.0 ★Texas Ratio: 2.38% |
Conventional | 1 | 0.3% | 100% | $115,000 | View |
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★ 5 stars, 1 review 5941 94th Ave N, Brooklyn Park, MN 55443 A+5.0 ★Texas Ratio: 1.52% |
Conventional | 1 | 0.3% | 100% | $125,000 | View |
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7760 France Ave S, Bloomington, MN 55435 A+5.0 ★Texas Ratio: 3.45% |
Conventional | 1 | 0.3% | 100% | $315,000 | View |
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1330 Conway St Ste 200, Saint Paul, MN 55106 A+5.0 ★Texas Ratio: 1.19% |
Conventional | 1 | 0.3% | 100% | $405,000 | View |
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4350 8th St N, Saint Cloud, MN 56303 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.3% | 100% | $295,000 | View |
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201 W Main St, Belle Plaine, MN 56011 A5.0 ★Texas Ratio: 8.50% |
Conventional | 1 | 0.3% | 100% | $265,000 | View |
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7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
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455 Pond Promenade, Chanhassen, MN 55317 A+5.0 ★Texas Ratio: 2.28% |
HELOC | 0 +3 HELOCs |
0% | n/a | 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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3225 Denmark Ave, Eagan, MN 55121 1382 A+5.0 ★Texas Ratio: 5.61% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Tradition Mortgage, LLC
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Conventional | 6 | 1.6% | 100% | $358,333 | |
Cambria Financial Group
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Conventional | 2 | 0.5% | 100% | $530,000 | |
Bremer Bank NA
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Conventional | 1 | 0.3% | 100% | $295,000 | |
South Metro Federal Credit Uni
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Conventional | 1 | 0.3% | 100% | $45,000 | |
Summit Mortgage Corporation
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Conventional | 1 | 0.3% | 100% | $135,000 | |
Lennar Mortgage, LLC
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Conventional, FHA, VA | 42 | 11.2% | 100% | $351,190 | |
DHI Mortgage Company, LTD.
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Conventional, FHA, VA | 26 | 6.9% | 92.9% | $445,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 24 | 6.4% | 82.8% | $271,250 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 22 | 5.9% | 91.7% | $357,272 | |
M/I Financial. LLC
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Conventional, FHA | 19 | 5.1% | 100% | $366,052 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 12 | 3.2% | 100% | $364,166 | |
Fairway Independent Mort Corp
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Conventional | 12 | 3.2% | 100% | $387,500 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA, VA | 10 | 2.7% | 100% | $280,000 | |
Freedom Mortgage Corporation
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Conventional, FHA, VA | 7 | 1.9% | 90.9% | $357,857 | |
New American Funding, LLC.
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Conventional, FHA, VA | 7 | 1.9% | 100% | $360,714 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 6 | 1.6% | 100% | $370,000 | |
Mason-McDuffie Mortgage Corporation
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Conventional | 6 | 1.6% | 100% | $390,000 | |
Guaranteed Rate, Inc.
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Conventional, FHA, USDA | 4 | 1.1% | 100% | $360,000 | |
Mutual of Omaha Mortgage
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Conventional, FHA | 4 | 1.1% | 80% | $312,500 | |
Everett Financial, Inc.
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Conventional, FHA | 3 | 0.8% | 100% | $428,333 | |
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A+5.0 ★Texas Ratio: 5.11% |
Conventional | 3 | 0.8% | 100% | $191,666 | View |
Newrez LLC
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VA, USDA | 2 | 0.5% | 100% | $365,000 | |
Cmg Mortgage Inc
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FHA, USDA | 2 | 0.5% | 100% | $205,000 | |
Union Home Mortgage Corp.
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Conventional | 2 | 0.5% | 100% | $335,000 | |
Cardinal Financial Company, Li
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Conventional | 2 | 0.5% | 100% | $345,000 | |
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A5.0 ★Texas Ratio: 6.31% |
Conventional | 2 | 0.5% | 100% | $100,000 | View |
Nationstar Mortgage
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Conventional | 2 | 0.5% | 100% | $55,000 | |
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A4.8 ★Texas Ratio: 2.45% |
Conventional | 2 | 0.5% | 100% | $635,000 | View |
Paramount Residential Mortgage
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Conventional | 2 | 0.5% | 100% | $360,000 | |
Goodleap, LLC
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Conventional, HELOC | 1 +1 HELOCs |
0.3% | 100% | $155,000 | |
Spring Eq, LLC
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Conventional, HELOC | 1 +1 HELOCs |
0.3% | 33.3% | $35,000 | |
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A5.0 ★Texas Ratio: 10.07% |
Conventional | 1 | 0.3% | 100% | $435,000 | View |
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A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.3% | 100% | $285,000 | View |
Primelending
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Conventional | 1 | 0.3% | 100% | $185,000 | |
Sage Home Loans Corporation
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Conventional | 1 | 0.3% | 50% | $215,000 | |
Movement Mortgage, LLC
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VA | 1 | 0.3% | 100% | $335,000 | |
Resicentral LLC
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Conventional | 1 | 0.3% | 100% | $425,000 | |
loanDepot.com LLC
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Conventional | 1 | 0.3% | 50% | $535,000 | |
Guild Mortgage Company
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Conventional | 1 | 0.3% | 100% | $295,000 | |
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A+5.0 ★Texas Ratio: 1.10% |
Conventional | 1 | 0.3% | 100% | $215,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional | 1 | 0.3% | 100% | $455,000 | View |
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C3.9 ★Texas Ratio: 27.97% |
Conventional | 1 | 0.3% | 100% | $235,000 | View |
Megastar Finanacial Corp
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Conventional | 1 | 0.3% | 100% | $285,000 | |
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A-5.0 ★Texas Ratio: 14.93% |
Conventional | 1 | 0.3% | 100% | $185,000 | View |
Lower, LLC
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Conventional | 1 | 0.3% | 100% | $375,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
FHA | 1 | 0.3% | 100% | $445,000 | View |
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A5.0 ★Texas Ratio: 7.43% |
Conventional | 1 | 0.3% | 100% | $295,000 | View |
Florida Capital Bank, N.A
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Conventional | 1 | 0.3% | 100% | $135,000 | |
Thrivent Bank
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Conventional | 1 | 0.3% | 100% | $85,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.3% | 100% | $125,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
Conventional | 1 | 0.3% | 100% | $235,000 | View |
Tomo Mortgage LLC
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Conventional | 1 | 0.3% | 100% | $445,000 | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Navy Federal Credit Union
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HELOC | 0 +2 HELOCs |
0% | 0% | ||
Signature Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Together Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
The Loan Store, Inc
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HELOC | 0 +1 HELOCs |
0% | 100% | ||
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Waconia 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 Waconia, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Waconia? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Waconia in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Waconia, MN
Use these to narrow the list above. Each category shows how many Waconia, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Waconia, MN
Independent mortgage companies closed 62.5 percent of home loans in Waconia, Minnesota in 2025, banks 29.3 percent and credit unions 8.2 percent. Tradition Mortgage, LLC was the largest mortgage company, HomeTown Bank the largest bank and SouthPoint Financial Credit Union the largest credit union. Among lenders headquartered in Minnesota, HomeTown Bank led with 13 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 Waconia, MN
By home loans closed in 2025, HomeTown Bank was the largest mortgage lender in Waconia, Minnesota with 13 loans, about 3.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
16 lenders closed FHA loans in Waconia, Minnesota in 2025, led by Prosperity Home Mortgage, LLC with 4. 12 lenders closed VA loans, led by United Wholesale 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. 43 banks and 18 credit unions closed home loans in Waconia, Minnesota in 2025, alongside 35 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 Waconia, 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 Waconia, 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 Waconia. 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.
