Mortgage Lenders and Brokers in Waseca, 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
Waseca, Minnesota mortgage lenders include Minnwest BankMinnwest Bank200 2nd St Ne, Waseca, MN 56093A+5.0 ★Texas Ratio: 5.77%, Blaze Credit UnionBlaze Credit Union105 15th Ave NE, Waseca, MN 56093A5.0 ★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%, Luminate BankLuminate Bank208 W Front St, Claremont, MN 55924A5.0 ★Texas Ratio: 11.06%, Wells Fargo Bank NAWells Fargo Bank NA122 E Main St, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 5.36%, Frandsen Bank & TrustFrandsen Bank & Trust410 2nd St W, Ada, MN 56510A+5.0 ★Texas Ratio: 5.91%, US Bank, N.A.US Bank, N.A.331 S Broadway Ave, Albert Lea, MN 56007A+5.0 ★Texas Ratio: 2.85%, SouthPoint Financial Credit UnionSouthPoint Financial Credit Union715 Crossroads Campus Dr NE, Buffalo, MN 55313 5074A+5.0 ★Texas Ratio: 1.13%, The State Bank of FaribaultThe State Bank of Faribault428 Central Ave N, Faribault, MN 55021A5.0 ★Texas Ratio: 11.55%, and Luminate Home Loans, Inc.Luminate Home Loans, Inc.208 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 Waseca, Minnesota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Waseca 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 Waseca, Minnesota
Market share is the lender's share of all home loans closed in Waseca, 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 Waseca 200 2nd St Ne, Waseca, MN 56093 A+5.0 ★Texas Ratio: 5.77% |
Conventional, USDA, HELOC | 23 +18 HELOCs |
12.3% | 92% | $204,565 | View |
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105 15th Ave NE, Waseca, MN 56093 A5.0 ★Texas Ratio: 6.19% |
Conventional, HELOC | 8 +4 HELOCs |
4.3% | 69.2% | $80,000 | View |
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1719 W Main St, Albert Lea, MN 56007 4385 A+5.0 ★Texas Ratio: 4.41% |
Conventional, HELOC | 6 +1 HELOCs |
3.2% | 77.8% | $66,666 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA | 4 | 2.1% | 100% | $115,000 | View |
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122 E Main St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 4 | 2.1% | 80% | $232,500 | View |
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410 2nd St W, Ada, MN 56510 A+5.0 ★Texas Ratio: 5.91% |
Conventional, USDA | 4 | 2.1% | 100% | $285,000 | View |
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331 S Broadway Ave, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA, HELOC | 3 +2 HELOCs |
1.6% | 60% | $125,000 | View |
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715 Crossroads Campus Dr NE, Buffalo, MN 55313 5074 A+5.0 ★Texas Ratio: 1.13% |
Conventional | 3 | 1.6% | 100% | $228,333 | View |
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428 Central Ave N, Faribault, MN 55021 A5.0 ★Texas Ratio: 11.55% |
Conventional | 2 | 1.1% | 100% | $220,000 | View |
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208 W Front St, Claremont, MN 55924 A5.0 ★Texas Ratio: 11.06% |
Conventional, FHA | 2 | 1.1% | 50% | $90,000 | View |
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15103 Cedar Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.5% | 100% | $175,000 | View |
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607 N Main St, Austin, MN 55912 A+5.0 ★Texas Ratio: 5.80% |
Conventional | 1 | 0.5% | 100% | $135,000 | View |
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101 Minnesota Ave N, Aitkin, MN 56431 A+5.0 ★Texas Ratio: 4.98% |
Conventional | 1 | 0.5% | 100% | $225,000 | View |
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7510 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 4.14% |
Conventional | 1 | 0.5% | 100% | $255,000 | View |
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4050 Coon Rapids Blvd NW, Coon Rapids, MN 55433 A+5.0 ★Texas Ratio: 3.27% |
Conventional | 1 | 0.5% | 100% | $55,000 | View |
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1230 4th St S, Cannon Falls, MN 55009 A5.0 ★Texas Ratio: 7.12% |
Conventional | 1 | 0.5% | 100% | $35,000 | View |
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15751 Emperor Ave, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 0.90% |
Conventional | 1 | 0.5% | 100% | $45,000 | View |
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301 West Lewis Street, Lewisville, MN 56060 A+5.0 ★Texas Ratio: 4.73% |
Conventional | 1 | 0.5% | 100% | $225,000 | View |
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301 S State St, Fairmont, MN 56031 A+5.0 ★Texas Ratio: 3.34% |
Conventional | 1 | 0.5% | 100% | $605,000 | View |
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2630 Bridge Ave, Albert Lea, MN 56007 A5.0 ★Texas Ratio: 12.61% |
Conventional | 1 | 0.5% | 100% | $215,000 | View |
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37470 1st Avenue Ct, Dennison, MN 55018 A-4.4 ★Texas Ratio: 8.07% |
Conventional | 1 | 0.5% | 100% | $165,000 | View |
Minnesota Valley Federal Credit Union
100 Memorial View Ct, Mankato, MN 56001 |
Conventional | 1 | 0.5% | 100% | $275,000 | |
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143 W Clark St, Albert Lea, MN 56007 A+5.0 ★Texas Ratio: 3.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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7300 147th St W, Apple Valley, MN 55124 A+5.0 ★Texas Ratio: 3.28% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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2772 E 82nd St, Bloomington, MN 55425 1365 A+5.0 ★Texas Ratio: 4.56% |
HELOC | 0 +1 HELOCs |
0% | 0% | View | |
Cambria Financial Group
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Conventional | 1 | 0.5% | 100% | $155,000 | |
Summit Mortgage Corporation
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Conventional | 1 | 0.5% | 100% | $385,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 25 | 13.4% | 86.7% | $231,800 | |
Rocket Mortgage
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Conventional, FHA, VA | 11 | 5.9% | 84.6% | $163,181 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA, HELOC | 9 +1 HELOCs |
4.8% | 100% | $245,000 | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA, USDA | 8 | 4.3% | 88.9% | $185,000 | |
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A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA | 8 | 4.3% | 88.9% | $221,250 | View |
Fairway Independent Mort Corp
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Conventional, FHA | 6 | 3.2% | 100% | $130,000 | |
Compeer Financial
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Conventional | 4 | 2.1% | 100% | $367,500 | |
Prosperity Home Mortgage, LLC
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Conventional, FHA | 4 | 2.1% | 100% | $132,500 | |
Nationstar Mortgage
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Conventional, FHA | 3 | 1.6% | 100% | $91,666 | |
Mortgage Research Center
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VA | 3 | 1.6% | 60% | $238,333 | |
Mutual of Omaha Mortgage
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Conventional, FHA | 3 | 1.6% | 100% | $151,666 | |
New American Funding, LLC.
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Conventional, FHA | 3 | 1.6% | 100% | $125,000 | |
Plaza Home Mortgage, Inc
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Conventional, FHA | 3 | 1.6% | 66.7% | $245,000 | |
SWBC Mortgage Corporation
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Conventional | 2 | 1.1% | 100% | $165,000 | |
loanDepot.com LLC
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Conventional | 2 | 1.1% | 66.7% | $230,000 | |
American Financial Network, Inc.
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FHA | 2 | 1.1% | 100% | $195,000 | |
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A+5.0 ★Texas Ratio: 2.20% |
FHA | 2 | 1.1% | 100% | $210,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 2 | 1.1% | 100% | $145,000 | View |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.5% | 100% | $205,000 | View |
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A+5.0 ★Texas Ratio: 4.72% |
Conventional | 1 | 0.5% | 100% | $115,000 | View |
Newrez LLC
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Conventional | 1 | 0.5% | 100% | $55,000 | |
Amerisave Mortgage Company
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VA | 1 | 0.5% | 100% | $235,000 | |
American Financing Corporation
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Conventional | 1 | 0.5% | 100% | $165,000 | |
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A+5.0 ★Texas Ratio: 1.10% |
Conventional | 1 | 0.5% | 100% | $215,000 | View |
Waterstone Mortgage Corporation
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Conventional | 1 | 0.5% | 100% | $135,000 | |
Towne Mortgage Company
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FHA | 1 | 0.5% | 100% | $255,000 | |
Navy Federal Credit Union
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Conventional | 1 | 0.5% | 100% | $155,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.5% | 100% | $595,000 | View |
Paramount Residential Mortgage
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FHA | 1 | 0.5% | 100% | $475,000 | |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.5% | 50% | $115,000 | |
Village Capital & Investment
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FHA | 1 | 0.5% | 100% | $445,000 | |
American Neighborhood Mortgage Acceptance Company
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FHA | 1 | 0.5% | 100% | $235,000 | |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
HomeBridge Financial Services, Inc
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Altra Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Waseca 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 Waseca, Minnesota
Looking for mortgage lenders near me or mortgage brokers near me in Waseca? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Waseca in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Waseca, MN
Use these to narrow the list above. Each category shows how many Waseca, MN lenders fit and what that kind of lender is usually best for.
Who Lends in Waseca, MN
Independent mortgage companies closed 54 percent of home loans in Waseca, Minnesota in 2025, banks 35.3 percent and credit unions 10.7 percent. Luminate Home Loans, Inc. was the largest mortgage company, Minnwest Bank the largest bank and Blaze Credit Union the largest credit union. Among lenders headquartered in Minnesota, Minnwest Bank led with 23 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 Waseca, MN
By home loans closed in 2025, Minnwest Bank was the largest mortgage lender in Waseca, Minnesota with 23 loans, about 12.3 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
20 lenders closed FHA loans in Waseca, Minnesota in 2025, led by United Wholesale Mortgage with 7. 7 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. 25 banks and 8 credit unions closed home loans in Waseca, Minnesota in 2025, alongside 29 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 Waseca, 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 Waseca, 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 Waseca. 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.
