Top Mortgage Lenders in Minnesota (2025)
In 2025, 770 lenders made 122,504 home loans worth $36.3 billion in Minnesota, according to Home Mortgage Disclosure Act (HMDA) data. The five largest made 20.9% of them. United Wholesale Mortgage made the most. Below: the top 25 lenders overall, then the top lenders for each kind of loan.
The 25 largest mortgage lenders in Minnesota, 2025
Ranked by the number of home loans each lender made (originated) in Minnesota in 2025, wherever the lender is based.
| # | Lender | Loans made | Loan volume | Avg. loan | Market share | Denial rate |
|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage Plymouth, MI | 6,703 | $2.1B | $320,000 | 5.5% | 11.9% |
| 2 | Bell Bank Fargo, ND | 6,525 | $2.1B | $328,000 | 5.3% | 6.0% |
| 3 | US Bank, N.A. Cincinnati, OH | 4,538 | $1.1B | $240,000 | 3.7% | 35.9% |
| 4 | Trustone Financial Credit Union Plymouth, MN | 4,135 | $668.2M | $162,000 | 3.4% | 22.1% |
| 5 | Affinity Plus Federal Credit Union Saint Paul, MN | 3,656 | $384.4M | $105,000 | 3.0% | 17.5% |
| 6 | Crosscountry Mortgage, LLC Cleveland, OH | 3,129 | $1.0B | $329,000 | 2.6% | 2.6% |
| 7 | Blaze Credit Union Falcon Heights, MN | 2,694 | $427.2M | $159,000 | 2.2% | 14.2% |
| 8 | Fairway Independent Mort Corp Madison, WI | 2,657 | $729.8M | $275,000 | 2.2% | 3.8% |
| 9 | Wings Financial Credit Union Apple Valley, MN | 2,594 | $554.4M | $214,000 | 2.1% | 17.3% |
| 10 | Old National Bank Evansville, IN | 1,877 | $765.1M | $408,000 | 1.5% | 16.5% |
| 11 | New American Funding, Llc. Tustin, CA | 1,842 | $519.1M | $282,000 | 1.5% | 8.7% |
| 12 | Royal Credit Union Eau Claire, WI | 1,772 | $423.9M | $239,000 | 1.4% | 12.3% |
| 13 | Prosperity Home Mortgage, LLC Chantilly, VA | 1,746 | $572.5M | $328,000 | 1.4% | 4.2% |
| 14 | Huntington National Bank Columbus, OH | 1,707 | $461.5M | $270,000 | 1.4% | 31.9% |
| 15 | PennyMac Loan Services LLC Westlake Village, CA | 1,705 | $643.0M | $377,000 | 1.4% | 13.5% |
| 16 | Guaranteed Rate, Inc. Chicago, IL | 1,552 | $456.9M | $294,000 | 1.3% | 7.8% |
| 17 | Alerus Financial NA Grand Forks, ND | 1,505 | $486.6M | $323,000 | 1.2% | 5.6% |
| 18 | Wells Fargo Bank NA Minneapolis, MN | 1,496 | $510.9M | $342,000 | 1.2% | 17.5% |
| 19 | loanDepot.com LLC Irvine, CA | 1,400 | $309.2M | $221,000 | 1.1% | 20.6% |
| 20 | Granite Bank Cold Spring, MN | 1,395 | $390.4M | $280,000 | 1.1% | 4.7% |
| 21 | Lennar Mortgage, LLC Miami, FL | 1,365 | $559.5M | $410,000 | 1.1% | 3.9% |
| 22 | Luminate Bank Minneapolis, MN | 1,356 | $445.6M | $329,000 | 1.1% | 2.9% |
| 23 | Merchants Bank, National Association Winona, MN | 1,238 | $276.7M | $223,000 | 1.0% | 5.5% |
| 24 | Mortgage Research Center Columbia, MO | 1,143 | $356.5M | $312,000 | 0.9% | 25.8% |
| 25 | Tradition Mortgage, LLC Lakeville, MN | 1,102 | $439.7M | $399,000 | 0.9% | 0.2% |
Top Home Purchase Lenders in Minnesota
674 lenders made 68,869 home purchase loans worth $24.0 billion in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | Bell Bank Fargo, ND | 4,705 | 6.8% |
| 2 | United Wholesale Mortgage Plymouth, MI | 4,156 | 6.0% |
| 3 | Crosscountry Mortgage, LLC Cleveland, OH | 2,492 | 3.6% |
| 4 | Fairway Independent Mort Corp Madison, WI | 2,363 | 3.4% |
| 5 | US Bank, N.A. Cincinnati, OH | 1,579 | 2.3% |
| 6 | Prosperity Home Mortgage, LLC Chantilly, VA | 1,576 | 2.3% |
| 7 | New American Funding, Llc. Tustin, CA | 1,490 | 2.2% |
| 8 | Lennar Mortgage, LLC Miami, FL | 1,365 | 2.0% |
| 9 | Granite Bank Cold Spring, MN | 1,274 | 1.8% |
| 10 | Guaranteed Rate, Inc. Chicago, IL | 1,268 | 1.8% |
Top Refinance Lenders in Minnesota
500 lenders made 16,931 refinance loans worth $6.3 billion in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | United Wholesale Mortgage Plymouth, MI | 1,624 | 9.6% |
| 2 | Trustone Financial Credit Union Plymouth, MN | 1,062 | 6.3% |
| 3 | Bell Bank Fargo, ND | 706 | 4.2% |
| 4 | Affinity Plus Federal Credit Union Saint Paul, MN | 691 | 4.1% |
| 5 | PennyMac Loan Services LLC Westlake Village, CA | 441 | 2.6% |
| 6 | Crosscountry Mortgage, LLC Cleveland, OH | 403 | 2.4% |
| 7 | Freedom Mortgage Corporation Boca Raton, FL | 401 | 2.4% |
| 8 | Old National Bank Evansville, IN | 367 | 2.2% |
| 9 | US Bank, N.A. Cincinnati, OH | 329 | 1.9% |
| 10 | Alerus Financial NA Grand Forks, ND | 312 | 1.8% |
Top Cash-Out Refinance Lenders in Minnesota
374 lenders made 12,714 cash-out refinance loans worth $3.1 billion in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | United Wholesale Mortgage Plymouth, MI | 923 | 7.3% |
| 2 | US Bank, N.A. Cincinnati, OH | 865 | 6.8% |
| 3 | Blaze Credit Union Falcon Heights, MN | 492 | 3.9% |
| 4 | Newrez LLC Fort Washington, PA | 346 | 2.7% |
| 5 | Wells Fargo Bank NA Minneapolis, MN | 312 | 2.5% |
| 6 | PennyMac Loan Services LLC Westlake Village, CA | 302 | 2.4% |
| 7 | Freedom Mortgage Corporation Boca Raton, FL | 283 | 2.2% |
| 8 | loanDepot.com LLC Irvine, CA | 271 | 2.1% |
| 9 | St. Cloud Financial Credit Union Saint Cloud, MN | 210 | 1.7% |
| 10 | Huntington National Bank Columbus, OH | 199 | 1.6% |
Top FHA Lenders in Minnesota
228 lenders made 10,259 FHA loans worth $3.0 billion in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | United Wholesale Mortgage Plymouth, MI | 1,227 | 12.0% |
| 2 | Crosscountry Mortgage, LLC Cleveland, OH | 449 | 4.4% |
| 3 | New American Funding, Llc. Tustin, CA | 436 | 4.2% |
| 4 | Fairway Independent Mort Corp Madison, WI | 433 | 4.2% |
| 5 | PennyMac Loan Services LLC Westlake Village, CA | 343 | 3.3% |
| 6 | Freedom Mortgage Corporation Boca Raton, FL | 339 | 3.3% |
| 7 | loanDepot.com LLC Irvine, CA | 288 | 2.8% |
| 8 | Bell Bank Fargo, ND | 276 | 2.7% |
| 9 | Guaranteed Rate, Inc. Chicago, IL | 240 | 2.3% |
| 10 | Granite Bank Cold Spring, MN | 240 | 2.3% |
Top VA Lenders in Minnesota
192 lenders made 6,389 VA loans worth $2.3 billion in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | Mortgage Research Center Columbia, MO | 1,060 | 16.6% |
| 2 | United Wholesale Mortgage Plymouth, MI | 964 | 15.1% |
| 3 | Freedom Mortgage Corporation Boca Raton, FL | 330 | 5.2% |
| 4 | PennyMac Loan Services LLC Westlake Village, CA | 275 | 4.3% |
| 5 | Crosscountry Mortgage, LLC Cleveland, OH | 186 | 2.9% |
| 6 | Bell Bank Fargo, ND | 184 | 2.9% |
| 7 | Navy Federal Credit Union Vienna, VA | 156 | 2.4% |
| 8 | Newrez LLC Fort Washington, PA | 150 | 2.3% |
| 9 | Fairway Independent Mort Corp Madison, WI | 132 | 2.1% |
| 10 | USAA Federal Savings Bank San Antonio, TX | 124 | 1.9% |
Top USDA Lenders in Minnesota
85 lenders made 551 USDA loans worth $110.9 million in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | CMG Mortgage Inc San Ramon, IL | 99 | 18.0% |
| 2 | Plaza Home Mortgage, Inc San Diego, CA | 25 | 4.5% |
| 3 | Granite Bank Cold Spring, MN | 23 | 4.2% |
| 4 | Crosscountry Mortgage, LLC Cleveland, OH | 21 | 3.8% |
| 5 | Bell Bank Fargo, ND | 21 | 3.8% |
| 6 | American Pacific Mortgage Corporation Roseville, CA | 20 | 3.6% |
| 7 | Guaranteed Rate, Inc. Chicago, IL | 18 | 3.3% |
| 8 | United Wholesale Mortgage Plymouth, MI | 17 | 3.1% |
| 9 | Newrez LLC Fort Washington, PA | 16 | 2.9% |
| 10 | Fairway Independent Mort Corp Madison, WI | 16 | 2.9% |
Get the lender lists
The Minnesota mortgage lender list has the 687 lenders based in Minnesota, with addresses, phone numbers and their applications and dollar volume every year since 2003 ($169 for 2025, $338 for 2003–2025). The U.S. lender list has all 17,667 lenders, including the national lenders ranked above.
Minnesota lender list U.S. lender listHow this ranking works
- Source: the loan records lenders filed for 2025 under the Home Mortgage Disclosure Act, published by the FFIEC and the CFPB in 2026, totaled by lender for homes in Minnesota.
- Lenders are ranked by loans made, the number of loans they originated; loan volume is those loans' total amount. Loans bought from other lenders are not counted.
- Market share is the lender's share of all such loans made in Minnesota. Denial rate is applications denied, divided by applications approved or denied.
- Lenders are listed under the name and city on their HMDA filing. Lenders that have asked not to appear on AllMortgageDetail are left out.
More on Minnesota
Minnesota mortgage data by county and metro area · mortgage lenders by city in Minnesota
Nationwide rankings: All loans · Purchase · Refinance · Cash-out refi · FHA · VA · USDA
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