Top Mortgage Lenders in Minnesota

Looking for a mortgage broker in Minnesota? Check out our directory listing below for the best mortgage lenders in the state. When you work with the right lender, you save money and time. Browsing our lender profiles, you’ll see:

  • Lender Service Areas
  • Years of Experience
  • Office Location
  • Loan Options Offered
  • License ID
  • And More!
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Jason Stone Mortgage Lender

21. Jason Stone

Fairway Independent Mortgage Corp

Other License ID 1018649

Eagan, MN

Years of Experience: 20

Mike Ouverson Mortgage Lender

22. Mike Ouverson

Luminate Home Loans, Inc.

NMLS ID 309068MN

Michele Brandt Mortgage Lender

23. Michele Brandt

Fairway Mortgage

Other License ID 452483

Elk River, MN

Years of Experience: 19

Paul Miller Mortgage Lender

24. Paul Miller

Business by Design

Minneapolis, MN

Years of Experience: 31

Resources to find the best mortgage lender in Minnesota

Minnesota Morgage Brokers

When buying a home you want to be sure you are working with the best home loan lenders in Minnesota. Working with a knowledgeable home loan broker in Minnesota will ensure you the best rate and experience.

Not all lenders are the same and we want to make it easy for you to find the best one that fits your needs. Find a loan officer in Minnesota that will give you the rate you are looking for and the type of loan you need. With the right lender, your entire loan process will be smooth.


Recommended Real Estate Agents in Minnesota

When you work with a top real estate agent in Minnesota you can be sure that they will get the job done well. We’ve put all the best Minnesota agents in one place to make your decision easy.

Check out these top real estate agents and reach out directly on our site. Their profiles include all the details you need to see before deciding to hire. Choosing the right real estate agent can make a huge difference in your buying or selling experience, so working with the best matters. View all Minnesota Real Estate Agents.


Real Estate Trends in Minnesota

Minnesota Housing Statistics (March 2022)

Active Listings

Change since last month

5,837

0.05%

Median Days on Market

Change since last month

35 days

-0.16%

Median Listing Price

Change since last month

$368,785

0%

Median Sales Price

Change since last month

N/A

New Listings

Change since last month

7,892

0.30%

% of Listings That Increased Price

Change since last month

528

-0.12%

Price/Sq Foot

Change since last month

$173

0.03%

Source: realtor.com

2021 - 2022 Minnesota Median Listing Price

The Median Listing Price is the middle price that homeowners listed their properties at in a time period. This means half the homes were listed above this price and half were listed below.

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Cost of Living in Minnesota’s Largest Cities

(According to the U.S. Census Bureau)

City

  • Home Value
  • Average Monthly Rent

Minneapolis

  • Home Vaiue
  • Average Monthly Rent
  • $251,821
  • $1,027

St. Paul

  • Home Vaiue
  • Average Monthly Rent
  • $207,633
  • $968

Rochester

  • Home Vaiue
  • Average Monthly Rent
  • $201,199
  • $974

Duluth

  • Home Vaiue
  • Average Monthly Rent
  • $163,230
  • $820

St. Cloud

  • Home Vaiue
  • Average Monthly Rent
  • $155,687
  • $802

Updated: March 2022
source census.gov

Minnesota State Statistics

  • State Area N/A
  • State Population 5,639,632
  • Median Household Income N/A
  • Median Rent N/A
  • Home OwnershipN/A
Updated: March 2022

Minnesota Schools

Rank 2 Overall
29 in College Readiness
34 in High School Graduation Rate

Minnesota Tax Rates

Rank 32 Overall
Effective Real Estate Tax Rate 1.12%
source wallethub.com

Minnesota Healthcare

Rank 16 Overall
18 in Healthcare Access
31 in Healthcare Quality

Benefits of Working with a Mortgage Broker in Minnesota

Mortgage brokers in Minnesota tend to have access to many lenders, which allows them to find you the best rate. Sometimes they are tied to a specific lender that can offer you an exclusive deal. 

Working with a mortgage broker can be beneficial as you are likely to get a lower rate with one than going in a different direction.

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Still have questions? We’d love to help!

Call our support team toll free at 1 (800) 319-0511

Frequently Asked Questions

What are the best mortgage lenders in Minnesota?

The best lender will depend on your needs. Typically buyers look for home loan lenders that offer the type of loan they need at the lowest rate. Reach out to multiple lenders on our list to get their rate and lock it in.

Is it easier to get approved for a mortgage through a broker in Minnesota?

Mortgage brokers in Minnesota tend to have access to many lenders, which allows them to find you the best rate. Sometimes they are tied to a specific lender that can offer you an exclusive deal.

Working with a mortgage broker can be beneficial as you are likely to get a lower rate with one than going in a different direction.

How long does it take for a mortgage to be approved with a broker in Minnesota?

It generally takes around 30 days to get a mortgage approved in a typical housing market. This can be delayed if there is an influx of applications or if there are issues with yours specifically. Make sure you fill all paperwork out correctly and provide the necessary documentation to get your application moving quickly.

How should I choose a Minnesota mortgage lender?

It’s important to reach out to multiple lenders before you choose. Consider the different offerings and how they will work for you. Be sure to ask about rates, loan terms, requirements for a down payment, mortgage insurance, closing cost, and any fees they charge. Compare each and decide from there.

How much are mortgage broker fees in Minnesota?

Some mortgage brokers charge an hourly rate, while some provide financial advice for a flat fee. A mortgage broker's commission is usually between 0.5% to 2.75% of the loan principal.

Do mortgage brokers help with refinancing in Minnesota

Generally, yes. They can also save you time and money as they sometimes have better access to lenders.

Do mortgage brokers get better deals in Minnesota?

It is definitely possible that a mortgage broker in Minnesota can get a better deal than you might get elsewhere. They tend to have access to a lot of lenders and can negotiate a deal.

See More Questions

The Bottom Line

Selling or buying a property in Minnesota is a big decision that takes time. At FastExpert we are dedicated to making it quicker and easier. We provide clear and free listings for top loan officers in Minnesota available every day.

Our loan officer profiles include all the information you need to make the right decision. Users can read client reviews, see past sales, and message and hire loan officers right from our site.

We’re here for you.

If you have questions or need more information, please send us a message at [email protected]. You can also call us at (800) 319-0511.