Which mortgage lender in the Duluth, 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 Duluth, 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 Duluth, MN area in terms of interest rate is Affinity Plus Federal Credit Union, with an average “Rate Difference” of -0.13%. This means that, comparing similar borrowers, Affinity Plus Federal Credit Union provided a -0.13% lower interest rate for its customers than other lenders in the area. Affinity Plus Federal Credit Union has a market share of 4.0%. On the other hand, the most popular lender in the Duluth, MN area is US Bank, with a larger market share of 15.7%. US Bank is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.03% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Duluth, 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 Duluth, MN is Affinity Plus Federal Credit Union. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is North Shore Bank of Commerce. The cheapest VA mortgage provider is also North Shore Bank of Commerce. 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 Duluth, MN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Affinity Plus Federal Credit Union | -0.13% | 4.01% | |
| Superior Choice Credit Union | -0.12% | 3.06% | |
| North Shore Bank of Commerce | -0.10% | 14.70% | |
| Frandsen Bank & Trust | -0.04% | 3.11% | |
| US Bank | -0.03% | 15.68% | |
| Members Cooperative Credit Union | -0.01% | 4.18% | |
| USAA | -0.01% | 1.90% | |
| loanDepot | -0.01% | 1.41% | |
| AMEC Home Loans | -0.01% | 1.41% | |
| Towne Mortgage Company | -0.00% | 1.07% | |
| Servion | 0.00% | 5.59% | |
| Guild Mortgage Company | 0.00% | 1.61% | |
| Merchants Bank | 0.00% | 1.21% | |
| Flagstar Bank | 0.01% | 1.15% | |
| Caliber Home Loans | 0.01% | 1.33% | |
| Miners NB of Eveleth | 0.02% | 1.82% | |
| Wells Fargo Bank | 0.02% | 12.05% | |
| New American Funding | 0.05% | 2.48% | |
| Fairway Independent Mortgage Corporation | 0.06% | 3.86% | |
| Union Home Mortgage | 0.12% | 0.98% | |
| Results Mortgage | 0.12% | 3.06% | |
| Lend Smart Mortgage | 0.13% | 2.54% | |
| Quicken Loans | 0.14% | 10.72% | |
| Compeer Financial | 0.15% | 1.07% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| North Shore Bank of Commerce | -0.09% | 18.59% | |
| Affinity Plus Federal Credit Union | -0.08% | 2.66% | |
| Superior Choice Credit Union | -0.04% | 2.75% | |
| US Bank | -0.03% | 14.12% | |
| Frandsen Bank & Trust | -0.02% | 2.84% | |
| Servion | -0.01% | 6.06% | |
| Wells Fargo Bank | -0.01% | 14.17% | |
| Guild Mortgage Company | -0.01% | 1.12% | |
| USAA | -0.00% | 2.47% | |
| Towne Mortgage Company | 0.00% | 0.93% | |
| Members Cooperative Credit Union | 0.00% | 4.66% | |
| Merchants Bank | 0.00% | 1.16% | |
| AMEC Home Loans | 0.01% | 1.40% | |
| Flagstar Bank | 0.02% | 1.12% | |
| Caliber Home Loans | 0.02% | 0.98% | |
| Miners NB of Eveleth | 0.04% | 2.14% | |
| loanDepot | 0.04% | 0.23% | |
| Fairway Independent Mortgage Corporation | 0.06% | 5.41% | |
| New American Funding | 0.07% | 3.31% | |
| Union Home Mortgage | 0.12% | 1.54% | |
| Lend Smart Mortgage | 0.13% | 2.33% | |
| Results Mortgage | 0.14% | 4.71% | |
| Quicken Loans | 0.15% | 4.61% | |
| Compeer Financial | 0.18% | 0.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Superior Choice Credit Union | -0.24% | 3.55% | |
| Affinity Plus Federal Credit Union | -0.18% | 6.20% | |
| North Shore Bank of Commerce | -0.15% | 8.39% | |
| Frandsen Bank & Trust | -0.07% | 3.55% | |
| AMEC Home Loans | -0.04% | 1.44% | |
| US Bank | -0.04% | 18.22% | |
| Members Cooperative Credit Union | -0.04% | 3.40% | |
| New American Funding | -0.03% | 1.13% | |
| USAA | -0.03% | 0.98% | |
| Miners NB of Eveleth | -0.03% | 1.28% | |
| loanDepot | -0.02% | 3.33% | |
| Flagstar Bank | -0.01% | 1.21% | |
| Towne Mortgage Company | -0.01% | 1.28% | |
| Results Mortgage | -0.01% | 0.38% | |
| Caliber Home Loans | 0.00% | 1.89% | |
| Merchants Bank | 0.00% | 1.28% | |
| Guild Mortgage Company | 0.01% | 2.42% | |
| Union Home Mortgage | 0.03% | 0.08% | |
| Servion | 0.04% | 4.84% | |
| Fairway Independent Mortgage Corporation | 0.07% | 1.36% | |
| Compeer Financial | 0.12% | 1.66% | |
| Wells Fargo Bank | 0.12% | 8.62% | |
| Quicken Loans | 0.13% | 20.63% | |
| Lend Smart Mortgage | 0.13% | 2.87% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Affinity Plus Federal Credit Union | -0.13% | 4.85% | |
| Superior Choice Credit Union | -0.12% | 3.73% | |
| North Shore Bank of Commerce | -0.10% | 14.49% | |
| Frandsen Bank & Trust | -0.04% | 3.80% | |
| US Bank | -0.04% | 17.79% | |
| Towne Mortgage Company | -0.02% | 0.60% | |
| AMEC Home Loans | -0.01% | 1.37% | |
| Members Cooperative Credit Union | -0.01% | 5.06% | |
| loanDepot | -0.01% | 1.02% | |
| Guild Mortgage Company | 0.00% | 1.86% | |
| Merchants Bank | 0.00% | 1.48% | |
| Servion | 0.01% | 5.94% | |
| Flagstar Bank | 0.01% | 1.05% | |
| Miners NB of Eveleth | 0.02% | 2.14% | |
| Wells Fargo Bank | 0.03% | 13.64% | |
| Caliber Home Loans | 0.03% | 0.88% | |
| USAA | 0.04% | 0.81% | |
| Fairway Independent Mortgage Corporation | 0.04% | 2.43% | |
| New American Funding | 0.05% | 1.93% | |
| Union Home Mortgage | 0.13% | 0.56% | |
| Compeer Financial | 0.15% | 1.30% | |
| Lend Smart Mortgage | 0.15% | 2.67% | |
| Results Mortgage | 0.19% | 2.36% | |
| Quicken Loans | 0.21% | 8.23% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| North Shore Bank of Commerce | -0.08% | 18.24% | |
| Affinity Plus Federal Credit Union | -0.08% | 3.32% | |
| Superior Choice Credit Union | -0.03% | 3.44% | |
| US Bank | -0.03% | 16.14% | |
| Frandsen Bank & Trust | -0.02% | 3.55% | |
| Wells Fargo Bank | -0.01% | 15.97% | |
| Guild Mortgage Company | -0.01% | 1.34% | |
| Servion | -0.01% | 6.35% | |
| Members Cooperative Credit Union | 0.00% | 5.77% | |
| Towne Mortgage Company | 0.00% | 0.35% | |
| Merchants Bank | 0.01% | 1.46% | |
| AMEC Home Loans | 0.01% | 1.34% | |
| loanDepot | 0.01% | 0.12% | |
| Flagstar Bank | 0.03% | 1.05% | |
| Caliber Home Loans | 0.03% | 0.76% | |
| Fairway Independent Mortgage Corporation | 0.04% | 3.32% | |
| Miners NB of Eveleth | 0.04% | 2.62% | |
| USAA | 0.05% | 1.17% | |
| New American Funding | 0.08% | 2.51% | |
| Union Home Mortgage | 0.14% | 0.93% | |
| Lend Smart Mortgage | 0.16% | 2.39% | |
| Compeer Financial | 0.18% | 0.87% | |
| Results Mortgage | 0.21% | 3.79% | |
| Quicken Loans | 0.22% | 3.21% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Superior Choice Credit Union | -0.24% | 4.17% | |
| Affinity Plus Federal Credit Union | -0.18% | 7.18% | |
| North Shore Bank of Commerce | -0.16% | 8.78% | |
| Frandsen Bank & Trust | -0.07% | 4.17% | |
| AMEC Home Loans | -0.06% | 1.42% | |
| New American Funding | -0.05% | 1.06% | |
| US Bank | -0.04% | 20.30% | |
| Members Cooperative Credit Union | -0.04% | 3.99% | |
| Towne Mortgage Company | -0.04% | 0.98% | |
| Miners NB of Eveleth | -0.03% | 1.42% | |
| loanDepot | -0.02% | 2.39% | |
| Flagstar Bank | -0.02% | 1.06% | |
| Results Mortgage | -0.01% | 0.18% | |
| Merchants Bank | 0.00% | 1.51% | |
| USAA | 0.00% | 0.27% | |
| Guild Mortgage Company | 0.01% | 2.66% | |
| Caliber Home Loans | 0.03% | 1.06% | |
| Servion | 0.04% | 5.32% | |
| Fairway Independent Mortgage Corporation | 0.07% | 1.06% | |
| Compeer Financial | 0.12% | 1.95% | |
| Wells Fargo Bank | 0.12% | 10.11% | |
| Lend Smart Mortgage | 0.13% | 3.10% | |
| Quicken Loans | 0.19% | 15.87% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| North Shore Bank of Commerce | -0.12% | 12.04% | |
| Servion | -0.05% | 6.17% | |
| Quicken Loans | -0.01% | 29.63% | |
| Results Mortgage | -0.01% | 8.95% | |
| Caliber Home Loans | -0.01% | 2.78% | |
| US Bank | 0.00% | 1.85% | |
| AMEC Home Loans | 0.00% | 1.54% | |
| Lend Smart Mortgage | 0.01% | 2.47% | |
| Flagstar Bank | 0.01% | 1.54% | |
| loanDepot | 0.01% | 1.54% | |
| Wells Fargo Bank | 0.02% | 1.54% | |
| New American Funding | 0.03% | 8.02% | |
| Towne Mortgage Company | 0.05% | 2.16% | |
| Fairway Independent Mortgage Corporation | 0.08% | 16.05% | |
| Union Home Mortgage | 0.10% | 3.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| North Shore Bank of Commerce | -0.13% | 16.24% | |
| Servion | -0.06% | 7.69% | |
| Results Mortgage | -0.02% | 11.54% | |
| US Bank | -0.01% | 2.14% | |
| AMEC Home Loans | -0.01% | 2.14% | |
| Lend Smart Mortgage | -0.01% | 2.99% | |
| Caliber Home Loans | -0.00% | 2.14% | |
| Flagstar Bank | 0.00% | 1.28% | |
| Wells Fargo Bank | 0.02% | 2.14% | |
| New American Funding | 0.02% | 10.26% | |
| Towne Mortgage Company | 0.03% | 1.28% | |
| loanDepot | 0.04% | 0.43% | |
| Quicken Loans | 0.04% | 14.53% | |
| Fairway Independent Mortgage Corporation | 0.07% | 20.51% | |
| Union Home Mortgage | 0.10% | 4.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.02% | 68.89% | |
| Caliber Home Loans | 0.01% | 4.44% | |
| Results Mortgage | 0.01% | 2.22% | |
| US Bank | 0.03% | 1.11% | |
| loanDepot | 0.03% | 4.44% | |
| North Shore Bank of Commerce | 0.03% | 1.11% | |
| New American Funding | 0.04% | 2.22% | |
| Flagstar Bank | 0.04% | 2.22% | |
| Servion | 0.04% | 2.22% | |
| Lend Smart Mortgage | 0.05% | 1.11% | |
| Union Home Mortgage | 0.06% | 1.11% | |
| Towne Mortgage Company | 0.08% | 4.44% | |
| Fairway Independent Mortgage Corporation | 0.10% | 4.44% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 14.29% | |
| Affinity Plus Federal Credit Union | -0.01% | 3.57% | |
| Quicken Loans | -0.00% | 7.14% | |
| Miners NB of Eveleth | -0.00% | 7.14% | |
| Members Cooperative Credit Union | 0.00% | 3.57% | |
| US Bank | 0.01% | 35.71% | |
| North Shore Bank of Commerce | 0.01% | 28.57% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 23.53% | |
| US Bank | -0.00% | 23.53% | |
| Members Cooperative Credit Union | 0.01% | 5.88% | |
| North Shore Bank of Commerce | 0.01% | 41.18% | |
| Miners NB of Eveleth | 0.02% | 5.88% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Miners NB of Eveleth | -0.02% | 9.09% | |
| Affinity Plus Federal Credit Union | -0.01% | 9.09% | |
| North Shore Bank of Commerce | -0.01% | 9.09% | |
| Quicken Loans | -0.01% | 18.18% | |
| US Bank | 0.01% | 54.55% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| North Shore Bank of Commerce | -0.11% | 18.68% | |
| USAA | -0.03% | 15.75% | |
| loanDepot | -0.02% | 5.49% | |
| Caliber Home Loans | -0.01% | 4.40% | |
| Towne Mortgage Company | -0.01% | 4.76% | |
| Wells Fargo Bank | -0.00% | 7.69% | |
| Flagstar Bank | 0.01% | 1.83% | |
| New American Funding | 0.02% | 1.83% | |
| US Bank | 0.03% | 8.06% | |
| Guild Mortgage Company | 0.03% | 1.10% | |
| Servion | 0.03% | 1.83% | |
| Fairway Independent Mortgage Corporation | 0.04% | 4.76% | |
| Results Mortgage | 0.04% | 3.66% | |
| AMEC Home Loans | 0.04% | 1.83% | |
| Lend Smart Mortgage | 0.05% | 1.47% | |
| Union Home Mortgage | 0.09% | 2.20% | |
| Quicken Loans | 0.11% | 14.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| North Shore Bank of Commerce | -0.10% | 22.91% | |
| USAA | -0.01% | 18.44% | |
| Towne Mortgage Company | 0.00% | 6.15% | |
| Wells Fargo Bank | 0.01% | 11.73% | |
| Flagstar Bank | 0.01% | 1.68% | |
| Caliber Home Loans | 0.03% | 1.68% | |
| New American Funding | 0.03% | 2.23% | |
| Lend Smart Mortgage | 0.04% | 1.12% | |
| Guild Mortgage Company | 0.04% | 0.56% | |
| US Bank | 0.05% | 9.50% | |
| AMEC Home Loans | 0.05% | 1.12% | |
| Servion | 0.05% | 1.68% | |
| Results Mortgage | 0.06% | 5.03% | |
| Fairway Independent Mortgage Corporation | 0.06% | 6.15% | |
| loanDepot | 0.08% | 1.12% | |
| Union Home Mortgage | 0.11% | 3.35% | |
| Quicken Loans | 0.11% | 5.59% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| North Shore Bank of Commerce | -0.07% | 10.64% | |
| loanDepot | -0.06% | 13.83% | |
| USAA | -0.05% | 10.64% | |
| Caliber Home Loans | -0.04% | 9.57% | |
| US Bank | -0.03% | 5.32% | |
| Fairway Independent Mortgage Corporation | -0.02% | 2.13% | |
| Flagstar Bank | -0.01% | 2.13% | |
| Results Mortgage | -0.01% | 1.06% | |
| Servion | -0.00% | 2.13% | |
| Guild Mortgage Company | 0.00% | 2.13% | |
| Towne Mortgage Company | 0.01% | 2.13% | |
| AMEC Home Loans | 0.02% | 3.19% | |
| New American Funding | 0.02% | 1.06% | |
| Lend Smart Mortgage | 0.04% | 2.13% | |
| Quicken Loans | 0.08% | 31.91% |
* Data is compiled for the Duluth, MN commuting zone area, which comprises of counties of Carlton County, MN, Cook County, MN, Lake County, MN, St. Louis County, MN, and Douglas County, WI. This includes cities/towns/communities of Duluth, MN as well as Superior, WI, Cloquet, MN, Hibbing, MN, Hermantown, MN, Arnold, MN, Two Harbors, MN, Carlton, MN, Solon Springs, WI, Lake Nebagamon, WI, Barnum, MN, Virginia, MN, Tower, MN, Scanlon, MN, Orr, MN, Lutsen, MN, Chisholm, MN, Biwabik, MN, Cromwell, MN, Ely, MN, Iron Junction, MN, Mountain Iron, MN, Floodwood, MN, Eveleth, MN, Kinney, MN, Leonidas, MN, Silver Bay, MN, Grand Marais, MN, Babbitt, MN, Big Lake, MN, Hoyt Lakes, MN, Gilbert, MN, Meadowlands, MN, and Aurora, 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.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Duluth, MN area. For mortgage lender rankings in other cities, click here.