Top Mortgage Lenders in Elk River, MN

Which mortgage lender in the Elk River, MN area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Elk River, MN area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Elk River, MN area in terms of interest rate is Liberty Bank Minnesota, with an average “Rate Difference” of -0.13%. This means that, comparing similar borrowers, Liberty Bank Minnesota provided a -0.13% lower interest rate for its customers than other lenders in the area. Liberty Bank Minnesota has a market share of 7.8%. It is the most popular lender in the Elk River, MN area.

Our detailed ranking of mortgage lenders in the Elk River, MN area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Elk River, MN is Prosperity Home Mortgage LLC. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Old National Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Liberty Bank Minnesota. The cheapest VA mortgage provider is USAA. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Elk River, MN

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Liberty Bank Minnesota-0.13%(4.0)7.76%
Central Minnesota Credit Union-0.12%(4.0)5.30%
Affinity Plus Federal Credit Union-0.12%(4.0)2.49%
Prosperity Home Mortgage LLC-0.11%(4.0)1.45%
Servion-0.07%(4.0)1.61%
Bell Bank-0.06%(4.0)3.40%
CMG Financial-0.05%(4.0)0.88%
St. Cloud Financial Credit Union-0.05%(4.0)3.96%
Alerus Financial-0.05%(3.5)0.63%
Bremer Bank-0.04%(3.5)4.52%
USAA-0.04%(3.5)1.00%
Merchants Bank-0.03%(3.5)0.69%
Flagstar Bank-0.02%(3.5)2.01%
Tradition Mortgage-0.02%(3.5)1.22%
PennyMac Loan Services-0.01%(3.5)1.66%
Old National Bank-0.01%(3.5)0.66%
Plaza Home Mortgage-0.01%(3.5)3.23%
US Bank-0.00%(3.5)6.38%
Wells Fargo Bank0.00%(3.5)5.03%
Guaranteed Rate0.00%(3.5)1.98%
Home Point Financial Corporation0.01%(3.5)0.97%
Mortgages Unlimited Inc0.01%(3.5)0.81%
Homeowners Financial Group0.02%(3.5)2.25%
loanDepot0.02%(3.5)1.78%
LeaderOne Financial Corporation0.02%(3.5)1.14%
Bank of England AR0.02%(3.5)0.48%
Caliber Home Loans0.03%(3.5)0.62%
TruStone Financial Federal Credit Union0.03%(3.5)1.41%
New American Funding0.03%(3.5)3.48%
SPIRE Credit Union0.04%(3.5)0.90%
Cambria Mortgage0.04%(3.5)0.57%
AMEC Home Loans0.04%(3.5)5.47%
Crescent Mortgage Company0.04%(3.5)0.60%
Freedom Mortgage Corporation0.04%(3.5)1.48%
Summit Mortgage Corporation0.05%(3.5)0.81%
Fairway Independent Mortgage Corporation0.05%(3.5)1.83%
Guaranteed Rate Affinity0.06%(3.0)1.14%
Results Mortgage0.07%(3.0)0.75%
Bay Equity Home Loans0.07%(3.0)1.44%
TCF Bank0.08%(3.0)0.47%
PrimeLending0.09%(3.0)3.32%
Cardinal Financial Company0.11%(3.0)1.57%
Waterstone Mortgage Corporation0.13%(3.0)1.86%
Mr. Cooper0.13%(3.0)1.01%
Quicken Loans0.14%(3.0)7.10%
Compeer Financial0.23%(2.5)0.85%
Lender NameRate DifferenceRate RatingMarket Share
Prosperity Home Mortgage LLC-0.13%(4.0)2.12%
Central Minnesota Credit Union-0.11%(4.0)5.17%
Wells Fargo Bank-0.11%(4.0)4.88%
Liberty Bank Minnesota-0.09%(4.0)7.62%
US Bank-0.09%(4.0)5.83%
CMG Financial-0.07%(4.0)1.18%
Alerus Financial-0.06%(4.0)0.84%
Merchants Bank-0.05%(4.0)0.64%
Bell Bank-0.05%(3.5)4.58%
USAA-0.04%(3.5)1.36%
Affinity Plus Federal Credit Union-0.04%(3.5)1.13%
Tradition Mortgage-0.02%(3.5)0.92%
Servion-0.02%(3.5)1.33%
Bremer Bank-0.01%(3.5)4.07%
PennyMac Loan Services-0.00%(3.5)1.28%
Flagstar Bank-0.00%(3.5)1.92%
TCF Bank-0.00%(3.5)0.20%
Plaza Home Mortgage0.00%(3.5)3.63%
Caliber Home Loans0.01%(3.5)0.43%
Freedom Mortgage Corporation0.02%(3.5)1.43%
LeaderOne Financial Corporation0.02%(3.5)1.10%
Home Point Financial Corporation0.02%(3.5)1.15%
Homeowners Financial Group0.02%(3.5)3.61%
Guaranteed Rate0.02%(3.5)2.58%
St. Cloud Financial Credit Union0.02%(3.5)2.51%
Mortgages Unlimited Inc0.02%(3.5)1.05%
Old National Bank0.02%(3.5)0.66%
Bank of England AR0.02%(3.5)0.61%
Mr. Cooper0.04%(3.5)0.18%
TruStone Financial Federal Credit Union0.04%(3.5)1.10%
SPIRE Credit Union0.04%(3.5)0.54%
Cambria Mortgage0.05%(3.5)0.66%
Crescent Mortgage Company0.05%(3.0)0.77%
New American Funding0.05%(3.0)4.58%
Summit Mortgage Corporation0.06%(3.0)1.05%
loanDepot0.06%(3.0)1.20%
Guaranteed Rate Affinity0.06%(3.0)1.74%
Fairway Independent Mortgage Corporation0.06%(3.0)2.15%
AMEC Home Loans0.07%(3.0)6.88%
Bay Equity Home Loans0.07%(3.0)1.89%
Quicken Loans0.07%(3.0)3.32%
Results Mortgage0.08%(3.0)1.18%
PrimeLending0.10%(3.0)4.27%
Compeer Financial0.12%(3.0)0.59%
Waterstone Mortgage Corporation0.15%(2.5)2.35%
Cardinal Financial Company0.16%(2.5)1.71%
Lender NameRate DifferenceRate RatingMarket Share
Liberty Bank Minnesota-0.18%(4.5)7.95%
Affinity Plus Federal Credit Union-0.15%(4.0)4.34%
Central Minnesota Credit Union-0.13%(4.0)5.48%
Servion-0.12%(4.0)2.00%
St. Cloud Financial Credit Union-0.10%(4.0)5.92%
Bell Bank-0.09%(4.0)1.83%
Bremer Bank-0.08%(4.0)5.13%
Old National Bank-0.06%(4.0)0.65%
Guaranteed Rate-0.05%(3.5)1.17%
Flagstar Bank-0.04%(3.5)2.13%
Plaza Home Mortgage-0.04%(3.5)2.69%
USAA-0.03%(3.5)0.52%
AMEC Home Loans-0.03%(3.5)3.58%
PennyMac Loan Services-0.02%(3.5)2.17%
New American Funding-0.02%(3.5)2.00%
Prosperity Home Mortgage LLC-0.02%(3.5)0.55%
Tradition Mortgage-0.02%(3.5)1.62%
loanDepot-0.02%(3.5)2.55%
Home Point Financial Corporation-0.01%(3.5)0.72%
Homeowners Financial Group-0.01%(3.5)0.41%
Merchants Bank-0.01%(3.5)0.76%
Alerus Financial-0.01%(3.5)0.34%
Mortgages Unlimited Inc-0.00%(3.5)0.48%
CMG Financial0.00%(3.5)0.48%
Guaranteed Rate Affinity0.01%(3.5)0.34%
Fairway Independent Mortgage Corporation0.01%(3.5)1.41%
Crescent Mortgage Company0.01%(3.5)0.38%
Summit Mortgage Corporation0.01%(3.5)0.48%
Cambria Mortgage0.02%(3.5)0.45%
LeaderOne Financial Corporation0.02%(3.5)1.21%
Bank of England AR0.02%(3.5)0.31%
TruStone Financial Federal Credit Union0.03%(3.5)1.83%
Cardinal Financial Company0.03%(3.5)1.38%
SPIRE Credit Union0.03%(3.5)1.38%
Caliber Home Loans0.03%(3.5)0.86%
Results Mortgage0.05%(3.5)0.17%
PrimeLending0.06%(3.0)2.03%
Waterstone Mortgage Corporation0.08%(3.0)1.21%
Freedom Mortgage Corporation0.08%(3.0)1.55%
Bay Equity Home Loans0.08%(3.0)0.83%
US Bank0.09%(3.0)7.13%
TCF Bank0.11%(3.0)0.83%
Wells Fargo Bank0.14%(3.0)5.23%
Mr. Cooper0.14%(3.0)2.13%
Quicken Loans0.16%(2.5)12.19%
Compeer Financial0.30%(2.0)1.21%
Lender NameRate DifferenceRate RatingMarket Share
Prosperity Home Mortgage LLC-0.14%(4.0)1.49%
Liberty Bank Minnesota-0.12%(4.0)9.18%
Central Minnesota Credit Union-0.12%(4.0)6.98%
Affinity Plus Federal Credit Union-0.11%(4.0)3.29%
Bell Bank-0.08%(4.0)3.38%
Servion-0.07%(4.0)1.93%
Alerus Financial-0.05%(3.5)0.70%
St. Cloud Financial Credit Union-0.05%(3.5)4.76%
Bremer Bank-0.05%(3.5)5.36%
Merchants Bank-0.03%(3.5)0.91%
Flagstar Bank-0.03%(3.5)1.99%
loanDepot-0.02%(3.5)1.24%
Tradition Mortgage-0.01%(3.5)1.35%
Old National Bank-0.01%(3.5)0.75%
PennyMac Loan Services-0.00%(3.5)1.55%
US Bank0.00%(3.5)7.56%
Bank of England AR0.00%(3.5)0.33%
Guaranteed Rate0.01%(3.5)1.74%
Wells Fargo Bank0.01%(3.5)6.17%
USAA0.02%(3.5)0.35%
Mortgages Unlimited Inc0.02%(3.5)0.85%
Homeowners Financial Group0.02%(3.5)2.11%
LeaderOne Financial Corporation0.03%(3.5)1.02%
Home Point Financial Corporation0.03%(3.5)0.85%
Plaza Home Mortgage0.03%(3.5)2.69%
CMG Financial0.03%(3.5)0.43%
TruStone Financial Federal Credit Union0.04%(3.5)1.62%
Caliber Home Loans0.04%(3.5)0.39%
New American Funding0.04%(3.5)2.46%
Guaranteed Rate Affinity0.04%(3.5)1.02%
SPIRE Credit Union0.04%(3.5)1.18%
Cambria Mortgage0.05%(3.5)0.41%
Summit Mortgage Corporation0.05%(3.5)0.79%
AMEC Home Loans0.05%(3.0)4.56%
Bay Equity Home Loans0.06%(3.0)1.01%
Cardinal Financial Company0.08%(3.0)1.10%
Fairway Independent Mortgage Corporation0.09%(3.0)1.51%
Results Mortgage0.09%(3.0)0.72%
TCF Bank0.10%(3.0)0.54%
Crescent Mortgage Company0.10%(3.0)0.37%
PrimeLending0.11%(3.0)2.80%
Waterstone Mortgage Corporation0.16%(2.5)1.78%
Freedom Mortgage Corporation0.17%(2.5)0.70%
Quicken Loans0.18%(2.5)6.38%
Mr. Cooper0.20%(2.5)0.62%
Compeer Financial0.24%(2.5)1.10%
Lender NameRate DifferenceRate RatingMarket Share
Prosperity Home Mortgage LLC-0.16%(4.5)2.32%
Wells Fargo Bank-0.11%(4.0)6.07%
Central Minnesota Credit Union-0.11%(4.0)7.22%
US Bank-0.09%(4.0)6.90%
Bell Bank-0.07%(4.0)4.64%
Alerus Financial-0.06%(4.0)0.93%
Liberty Bank Minnesota-0.06%(4.0)8.93%
Merchants Bank-0.05%(3.5)0.89%
Affinity Plus Federal Credit Union-0.03%(3.5)1.57%
Servion-0.02%(3.5)1.57%
Tradition Mortgage-0.01%(3.5)1.00%
Flagstar Bank-0.01%(3.5)2.00%
Bremer Bank-0.01%(3.5)5.14%
Bank of England AR-0.00%(3.5)0.43%
TCF Bank0.00%(3.5)0.25%
PennyMac Loan Services0.02%(3.5)1.32%
USAA0.02%(3.5)0.57%
LeaderOne Financial Corporation0.03%(3.5)0.86%
St. Cloud Financial Credit Union0.03%(3.5)3.22%
Guaranteed Rate0.03%(3.5)2.32%
Old National Bank0.03%(3.5)0.82%
Mortgages Unlimited Inc0.03%(3.5)1.11%
Homeowners Financial Group0.03%(3.5)3.57%
Mr. Cooper0.03%(3.5)0.04%
Caliber Home Loans0.03%(3.5)0.36%
CMG Financial0.04%(3.5)0.54%
Bay Equity Home Loans0.04%(3.5)1.21%
SPIRE Credit Union0.05%(3.5)0.75%
Guaranteed Rate Affinity0.05%(3.5)1.57%
Plaza Home Mortgage0.05%(3.5)3.29%
TruStone Financial Federal Credit Union0.05%(3.5)1.25%
Home Point Financial Corporation0.05%(3.0)1.00%
New American Funding0.06%(3.0)3.47%
loanDepot0.06%(3.0)0.61%
Summit Mortgage Corporation0.06%(3.0)1.04%
Cambria Mortgage0.07%(3.0)0.39%
Quicken Loans0.08%(3.0)3.50%
AMEC Home Loans0.09%(3.0)5.75%
Results Mortgage0.10%(3.0)1.14%
Crescent Mortgage Company0.12%(3.0)0.54%
PrimeLending0.13%(3.0)3.57%
Compeer Financial0.13%(3.0)0.82%
Fairway Independent Mortgage Corporation0.13%(3.0)1.79%
Cardinal Financial Company0.14%(3.0)1.07%
Freedom Mortgage Corporation0.16%(2.5)0.54%
Waterstone Mortgage Corporation0.21%(2.5)2.11%
Lender NameRate DifferenceRate RatingMarket Share
Liberty Bank Minnesota-0.19%(4.5)9.48%
Affinity Plus Federal Credit Union-0.14%(4.0)5.31%
Central Minnesota Credit Union-0.12%(4.0)6.70%
Servion-0.12%(4.0)2.36%
Bell Bank-0.10%(4.0)1.90%
St. Cloud Financial Credit Union-0.09%(4.0)6.57%
Bremer Bank-0.09%(4.0)5.60%
Old National Bank-0.07%(4.0)0.67%
Guaranteed Rate-0.05%(4.0)1.05%
loanDepot-0.05%(3.5)1.98%
Flagstar Bank-0.05%(3.5)1.98%
AMEC Home Loans-0.03%(3.5)3.16%
PennyMac Loan Services-0.02%(3.5)1.81%
Prosperity Home Mortgage LLC-0.02%(3.5)0.51%
Homeowners Financial Group-0.02%(3.5)0.38%
Tradition Mortgage-0.02%(3.5)1.77%
Home Point Financial Corporation-0.01%(3.5)0.67%
Merchants Bank-0.01%(3.5)0.93%
Plaza Home Mortgage-0.01%(3.5)1.98%
New American Funding-0.00%(3.5)1.26%
Alerus Financial-0.00%(3.5)0.42%
Mortgages Unlimited Inc-0.00%(3.5)0.55%
CMG Financial0.01%(3.5)0.29%
Guaranteed Rate Affinity0.01%(3.5)0.38%
Cardinal Financial Company0.02%(3.5)1.14%
Cambria Mortgage0.02%(3.5)0.42%
Summit Mortgage Corporation0.02%(3.5)0.51%
LeaderOne Financial Corporation0.02%(3.5)1.22%
Fairway Independent Mortgage Corporation0.03%(3.5)1.18%
Bank of England AR0.03%(3.5)0.21%
TruStone Financial Federal Credit Union0.03%(3.5)2.06%
USAA0.03%(3.5)0.08%
SPIRE Credit Union0.04%(3.5)1.69%
Caliber Home Loans0.04%(3.5)0.42%
Results Mortgage0.05%(3.5)0.21%
Crescent Mortgage Company0.06%(3.0)0.17%
PrimeLending0.07%(3.0)1.90%
Waterstone Mortgage Corporation0.08%(3.0)1.39%
Bay Equity Home Loans0.10%(3.0)0.76%
US Bank0.10%(3.0)8.34%
TCF Bank0.13%(3.0)0.88%
Wells Fargo Bank0.14%(3.0)6.28%
Freedom Mortgage Corporation0.17%(2.5)0.88%
Mr. Cooper0.20%(2.5)1.31%
Quicken Loans0.22%(2.5)9.78%
Compeer Financial0.31%(2.0)1.43%
Lender NameRate DifferenceRate RatingMarket Share
Liberty Bank Minnesota-0.24%(4.5)4.15%
CMG Financial-0.13%(4.0)2.95%
Plaza Home Mortgage-0.10%(4.0)4.15%
PennyMac Loan Services-0.06%(4.0)1.94%
Freedom Mortgage Corporation-0.06%(4.0)3.69%
Alerus Financial-0.05%(4.0)0.65%
US Bank-0.05%(3.5)1.57%
Fairway Independent Mortgage Corporation-0.04%(3.5)3.60%
Home Point Financial Corporation-0.04%(3.5)1.57%
Prosperity Home Mortgage LLC-0.04%(3.5)1.29%
Servion-0.03%(3.5)0.37%
Tradition Mortgage-0.03%(3.5)0.92%
Crescent Mortgage Company-0.02%(3.5)1.01%
Homeowners Financial Group-0.02%(3.5)3.04%
Old National Bank-0.02%(3.5)0.28%
TCF Bank-0.01%(3.5)0.28%
Mortgages Unlimited Inc-0.01%(3.5)0.92%
TruStone Financial Federal Credit Union-0.01%(3.5)0.92%
Guaranteed Rate-0.00%(3.5)2.95%
LeaderOne Financial Corporation-0.00%(3.5)1.75%
Bremer Bank0.00%(3.5)1.11%
Caliber Home Loans0.00%(3.5)1.20%
Wells Fargo Bank0.01%(3.5)0.18%
Bell Bank0.01%(3.5)2.95%
AMEC Home Loans0.02%(3.5)9.78%
Quicken Loans0.02%(3.5)9.78%
Flagstar Bank0.02%(3.5)1.57%
Cambria Mortgage0.02%(3.5)1.38%
Results Mortgage0.03%(3.5)1.01%
Summit Mortgage Corporation0.03%(3.5)1.11%
New American Funding0.03%(3.5)7.47%
Waterstone Mortgage Corporation0.03%(3.5)2.95%
Bank of England AR0.04%(3.5)1.29%
loanDepot0.05%(3.0)3.04%
PrimeLending0.06%(3.0)5.72%
Mr. Cooper0.07%(3.0)2.58%
Bay Equity Home Loans0.09%(3.0)3.69%
Guaranteed Rate Affinity0.13%(3.0)1.38%
Cardinal Financial Company0.14%(3.0)3.78%
Lender NameRate DifferenceRate RatingMarket Share
Liberty Bank Minnesota-0.25%(5.0)5.16%
CMG Financial-0.14%(4.0)3.56%
Plaza Home Mortgage-0.10%(4.0)4.55%
PennyMac Loan Services-0.09%(4.0)1.23%
Freedom Mortgage Corporation-0.06%(4.0)3.44%
US Bank-0.06%(4.0)1.72%
Alerus Financial-0.05%(4.0)0.86%
Fairway Independent Mortgage Corporation-0.05%(3.5)3.69%
Home Point Financial Corporation-0.04%(3.5)1.72%
Prosperity Home Mortgage LLC-0.04%(3.5)1.60%
Tradition Mortgage-0.03%(3.5)0.86%
Caliber Home Loans-0.03%(3.5)0.61%
Servion-0.03%(3.5)0.49%
Crescent Mortgage Company-0.02%(3.5)1.11%
Homeowners Financial Group-0.02%(3.5)3.81%
Old National Bank-0.02%(3.5)0.37%
LeaderOne Financial Corporation-0.01%(3.5)1.84%
Mortgages Unlimited Inc-0.01%(3.5)1.23%
TruStone Financial Federal Credit Union-0.00%(3.5)0.86%
Guaranteed Rate-0.00%(3.5)3.32%
Bremer Bank0.00%(3.5)1.35%
Wells Fargo Bank0.01%(3.5)0.25%
Mr. Cooper0.01%(3.5)0.49%
Bell Bank0.02%(3.5)3.56%
Cambria Mortgage0.03%(3.5)1.60%
Results Mortgage0.03%(3.5)1.35%
AMEC Home Loans0.03%(3.5)10.32%
Flagstar Bank0.04%(3.5)1.35%
Waterstone Mortgage Corporation0.04%(3.5)3.69%
Bank of England AR0.04%(3.5)1.47%
Summit Mortgage Corporation0.04%(3.5)1.23%
New American Funding0.05%(3.5)8.23%
loanDepot0.05%(3.0)3.19%
Quicken Loans0.06%(3.0)3.19%
PrimeLending0.07%(3.0)6.63%
Bay Equity Home Loans0.10%(3.0)4.30%
Guaranteed Rate Affinity0.13%(3.0)1.84%
Cardinal Financial Company0.17%(2.5)3.93%
Lender NameRate DifferenceRate RatingMarket Share
Plaza Home Mortgage-0.08%(4.0)2.96%
Freedom Mortgage Corporation-0.04%(3.5)4.44%
Liberty Bank Minnesota-0.04%(3.5)1.11%
Fairway Independent Mortgage Corporation-0.04%(3.5)3.33%
Crescent Mortgage Company-0.03%(3.5)0.74%
PennyMac Loan Services-0.03%(3.5)4.07%
AMEC Home Loans-0.03%(3.5)8.15%
Bell Bank-0.03%(3.5)1.11%
New American Funding-0.03%(3.5)5.19%
Summit Mortgage Corporation-0.02%(3.5)0.74%
Home Point Financial Corporation-0.02%(3.5)1.11%
Guaranteed Rate-0.02%(3.5)1.85%
TCF Bank-0.02%(3.5)1.11%
CMG Financial-0.02%(3.5)1.11%
Bremer Bank-0.01%(3.5)0.37%
Tradition Mortgage-0.01%(3.5)1.11%
US Bank-0.01%(3.5)1.11%
TruStone Financial Federal Credit Union-0.01%(3.5)1.11%
Flagstar Bank-0.01%(3.5)2.22%
Prosperity Home Mortgage LLC-0.00%(3.5)0.37%
Homeowners Financial Group-0.00%(3.5)0.74%
Quicken Loans0.00%(3.5)29.63%
Cambria Mortgage0.01%(3.5)0.74%
Bank of England AR0.01%(3.5)0.74%
Waterstone Mortgage Corporation0.01%(3.5)0.74%
PrimeLending0.02%(3.5)2.96%
Caliber Home Loans0.02%(3.5)2.96%
LeaderOne Financial Corporation0.03%(3.5)1.48%
Cardinal Financial Company0.04%(3.5)3.33%
Bay Equity Home Loans0.04%(3.5)1.85%
loanDepot0.06%(3.0)2.59%
Mr. Cooper0.07%(3.0)8.89%
Lender NameRate DifferenceRate RatingMarket Share
Old National Bank-0.02%(3.5)6.67%
Bremer Bank-0.01%(3.5)36.67%
US Bank0.00%(3.5)20.00%
Bell Bank0.00%(3.5)3.33%
Wells Fargo Bank0.01%(3.5)10.00%
Plaza Home Mortgage0.01%(3.5)3.33%
loanDepot0.01%(3.5)3.33%
Liberty Bank Minnesota0.01%(3.5)10.00%
PrimeLending0.02%(3.5)3.33%
Compeer Financial0.03%(3.5)3.33%
Lender NameRate DifferenceRate RatingMarket Share
US Bank-0.02%(3.5)22.22%
Bremer Bank-0.00%(3.5)11.11%
Bell Bank0.00%(3.5)11.11%
Wells Fargo Bank0.00%(3.5)33.33%
Liberty Bank Minnesota0.01%(3.5)22.22%
Lender NameRate DifferenceRate RatingMarket Share
Old National Bank-0.02%(3.5)9.52%
Bremer Bank-0.01%(3.5)47.62%
Plaza Home Mortgage0.01%(3.5)4.76%
US Bank0.01%(3.5)19.05%
Liberty Bank Minnesota0.01%(3.5)4.76%
loanDepot0.01%(3.5)4.76%
PrimeLending0.02%(3.5)4.76%
Compeer Financial0.03%(3.5)4.76%
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.07%(4.0)9.47%
St. Cloud Financial Credit Union-0.07%(4.0)4.55%
Plaza Home Mortgage-0.06%(4.0)6.63%
Wells Fargo Bank-0.04%(3.5)3.60%
Flagstar Bank-0.03%(3.5)3.22%
Home Point Financial Corporation-0.03%(3.5)0.95%
New American Funding-0.02%(3.5)5.49%
Liberty Bank Minnesota-0.02%(3.5)1.14%
Crescent Mortgage Company-0.02%(3.5)2.08%
Guaranteed Rate-0.02%(3.5)2.46%
PennyMac Loan Services-0.02%(3.5)2.27%
Results Mortgage-0.02%(3.5)0.57%
AMEC Home Loans-0.01%(3.5)5.87%
TCF Bank-0.00%(3.5)0.19%
Tradition Mortgage-0.00%(3.5)0.57%
CMG Financial-0.00%(3.5)1.14%
Bremer Bank-0.00%(3.5)1.52%
Freedom Mortgage Corporation-0.00%(3.5)4.73%
Prosperity Home Mortgage LLC-0.00%(3.5)1.52%
Old National Bank-0.00%(3.5)0.19%
Mortgages Unlimited Inc-0.00%(3.5)0.19%
Cambria Mortgage-0.00%(3.5)0.57%
TruStone Financial Federal Credit Union0.00%(3.5)0.38%
Bay Equity Home Loans0.00%(3.5)1.14%
US Bank0.00%(3.5)3.98%
Homeowners Financial Group0.00%(3.5)2.08%
Caliber Home Loans0.01%(3.5)1.70%
LeaderOne Financial Corporation0.01%(3.5)1.14%
Bank of England AR0.01%(3.5)0.38%
Servion0.02%(3.5)1.14%
Bell Bank0.02%(3.5)4.55%
Guaranteed Rate Affinity0.02%(3.5)1.89%
Fairway Independent Mortgage Corporation0.03%(3.5)1.52%
loanDepot0.03%(3.5)4.36%
PrimeLending0.03%(3.5)3.41%
Summit Mortgage Corporation0.04%(3.5)0.38%
Waterstone Mortgage Corporation0.04%(3.5)0.57%
Cardinal Financial Company0.07%(3.0)1.70%
Mr. Cooper0.08%(3.0)1.70%
Quicken Loans0.13%(3.0)9.09%
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.07%(4.0)12.85%
Wells Fargo Bank-0.05%(4.0)5.56%
Home Point Financial Corporation-0.03%(3.5)1.04%
Liberty Bank Minnesota-0.02%(3.5)1.39%
Freedom Mortgage Corporation-0.02%(3.5)4.51%
St. Cloud Financial Credit Union-0.02%(3.5)2.78%
Plaza Home Mortgage-0.02%(3.5)4.51%
Crescent Mortgage Company-0.01%(3.5)2.08%
Flagstar Bank-0.01%(3.5)2.78%
Results Mortgage-0.01%(3.5)1.04%
PennyMac Loan Services-0.00%(3.5)1.04%
Caliber Home Loans-0.00%(3.5)0.69%
Cambria Mortgage-0.00%(3.5)0.69%
Tradition Mortgage-0.00%(3.5)0.35%
Guaranteed Rate0.00%(3.5)3.12%
TCF Bank0.00%(3.5)0.35%
TruStone Financial Federal Credit Union0.00%(3.5)0.35%
AMEC Home Loans0.01%(3.5)8.33%
Homeowners Financial Group0.01%(3.5)3.47%
Bay Equity Home Loans0.01%(3.5)1.74%
US Bank0.01%(3.5)6.60%
Prosperity Home Mortgage LLC0.01%(3.5)1.74%
CMG Financial0.01%(3.5)0.69%
Bremer Bank0.02%(3.5)1.04%
Servion0.02%(3.5)1.39%
New American Funding0.02%(3.5)5.21%
LeaderOne Financial Corporation0.03%(3.5)1.39%
Guaranteed Rate Affinity0.03%(3.5)3.12%
Bell Bank0.04%(3.5)6.60%
Fairway Independent Mortgage Corporation0.04%(3.5)1.39%
Mr. Cooper0.04%(3.5)0.69%
Summit Mortgage Corporation0.05%(3.5)0.69%
PrimeLending0.05%(3.5)4.51%
Waterstone Mortgage Corporation0.05%(3.0)1.04%
Quicken Loans0.07%(3.0)2.08%
loanDepot0.07%(3.0)1.39%
Cardinal Financial Company0.08%(3.0)1.74%
Lender NameRate DifferenceRate RatingMarket Share
St. Cloud Financial Credit Union-0.10%(4.0)6.67%
Plaza Home Mortgage-0.10%(4.0)9.17%
New American Funding-0.07%(4.0)5.83%
USAA-0.05%(4.0)5.42%
Guaranteed Rate-0.05%(4.0)1.67%
Flagstar Bank-0.05%(3.5)3.75%
AMEC Home Loans-0.05%(3.5)2.92%
PennyMac Loan Services-0.03%(3.5)3.75%
Crescent Mortgage Company-0.03%(3.5)2.08%
Home Point Financial Corporation-0.02%(3.5)0.83%
Prosperity Home Mortgage LLC-0.02%(3.5)1.25%
Bremer Bank-0.02%(3.5)2.08%
Liberty Bank Minnesota-0.02%(3.5)0.83%
LeaderOne Financial Corporation-0.02%(3.5)0.83%
CMG Financial-0.02%(3.5)1.67%
Bell Bank-0.01%(3.5)2.08%
Guaranteed Rate Affinity-0.01%(3.5)0.42%
US Bank-0.01%(3.5)0.83%
Tradition Mortgage-0.01%(3.5)0.83%
Old National Bank-0.01%(3.5)0.42%
Mortgages Unlimited Inc-0.01%(3.5)0.42%
Bay Equity Home Loans-0.01%(3.5)0.42%
Homeowners Financial Group-0.01%(3.5)0.42%
TruStone Financial Federal Credit Union0.00%(3.5)0.42%
Caliber Home Loans0.00%(3.5)2.92%
Bank of England AR0.01%(3.5)0.83%
PrimeLending0.01%(3.5)2.08%
Servion0.01%(3.5)0.83%
Cambria Mortgage0.01%(3.5)0.42%
Freedom Mortgage Corporation0.01%(3.5)5.00%
Fairway Independent Mortgage Corporation0.02%(3.5)1.67%
loanDepot0.02%(3.5)7.92%
Wells Fargo Bank0.04%(3.5)1.25%
Cardinal Financial Company0.05%(3.5)1.67%
Mr. Cooper0.08%(3.0)2.92%
Quicken Loans0.14%(3.0)17.50%

* Data is compiled for the Elk River, MN commuting zone area, which comprises of counties of Benton County, MN, Mille Lacs County, MN, Morrison County, MN, Sherburne County, MN, and Stearns County, MN. This includes cities/towns/communities of Elk River, MN as well as St. Cloud, MN, Big Lake, MN, Sauk Rapids, MN, Sartell, MN, Becker, MN, Princeton, MN, Milaca, MN, Princeton, MN, Little Falls, MN, Rockville, MN, Clear Lake, MN, Richmond, MN, Kimball, MN, Eden Valley, MN, St. Joseph, MN, Ronneby, MN, St. Stephen, MN, Waite Park, MN, St. Cloud, MN, Albany, MN, Royalton, MN, Paynesville, MN, Avon, MN, Sauk Centre, MN, Upsala, MN, Motley, MN, Genola, MN, St. Rosa, MN, St. Anthony, MN, Isle, MN, Randall, MN, Gilman, MN, Melrose, MN, Onamia, MN, Spring Hill, MN, Sartell, MN, and Hillman, MN. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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