Which mortgage lender in the Willmar, 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 Willmar, 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 Willmar, MN area in terms of interest rate is Bremer Bank, with an average “Rate Difference” of -0.07%. This means that, comparing similar borrowers, Bremer Bank provided a -0.07% lower interest rate for its customers than other lenders in the area. Bremer Bank has a market share of 24.8%. It is the most popular lender in the Willmar, MN area.
Our detailed ranking of mortgage lenders in the Willmar, 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, Bremer Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Willmar, MN. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Freedom Mortgage Corporation. The cheapest VA mortgage provider is Plains Commerce Bank. 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 Willmar, MN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bremer Bank | -0.07% | 24.76% | |
| Servion | -0.02% | 16.89% | |
| Wells Fargo Bank | -0.01% | 11.52% | |
| Flagstar Bank | 0.00% | 8.64% | |
| Freedom Mortgage Corporation | 0.02% | 6.72% | |
| Plains Commerce Bank | 0.04% | 8.83% | |
| Quicken Loans | 0.06% | 14.20% | |
| Homeowners Financial Group | 0.09% | 8.45% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.08% | 12.14% | |
| Servion | -0.04% | 20.36% | |
| Bremer Bank | -0.02% | 15.00% | |
| Flagstar Bank | -0.01% | 10.71% | |
| Freedom Mortgage Corporation | -0.00% | 7.86% | |
| Plains Commerce Bank | 0.04% | 10.00% | |
| Quicken Loans | 0.06% | 9.29% | |
| Homeowners Financial Group | 0.08% | 14.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bremer Bank | -0.09% | 36.10% | |
| Flagstar Bank | 0.02% | 6.22% | |
| Servion | 0.02% | 12.86% | |
| Plains Commerce Bank | 0.02% | 7.47% | |
| Homeowners Financial Group | 0.04% | 1.24% | |
| Freedom Mortgage Corporation | 0.06% | 5.39% | |
| Quicken Loans | 0.07% | 19.92% | |
| Wells Fargo Bank | 0.08% | 10.79% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bremer Bank | -0.07% | 29.62% | |
| Servion | -0.02% | 18.72% | |
| Wells Fargo Bank | -0.01% | 13.74% | |
| Flagstar Bank | 0.01% | 8.29% | |
| Plains Commerce Bank | 0.03% | 7.11% | |
| Freedom Mortgage Corporation | 0.07% | 4.27% | |
| Quicken Loans | 0.09% | 10.43% | |
| Homeowners Financial Group | 0.11% | 7.82% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.08% | 15.89% | |
| Servion | -0.04% | 22.90% | |
| Bremer Bank | -0.02% | 19.16% | |
| Flagstar Bank | -0.00% | 9.81% | |
| Plains Commerce Bank | 0.04% | 7.48% | |
| Quicken Loans | 0.05% | 7.01% | |
| Freedom Mortgage Corporation | 0.07% | 3.74% | |
| Homeowners Financial Group | 0.12% | 14.02% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bremer Bank | -0.09% | 40.38% | |
| Flagstar Bank | 0.02% | 6.73% | |
| Servion | 0.02% | 14.42% | |
| Plains Commerce Bank | 0.02% | 6.73% | |
| Homeowners Financial Group | 0.04% | 1.44% | |
| Freedom Mortgage Corporation | 0.07% | 4.81% | |
| Wells Fargo Bank | 0.09% | 11.54% | |
| Quicken Loans | 0.11% | 13.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Freedom Mortgage Corporation | -0.05% | 20.00% | |
| Flagstar Bank | -0.04% | 7.14% | |
| Servion | -0.01% | 8.57% | |
| Homeowners Financial Group | 0.00% | 12.86% | |
| Quicken Loans | 0.02% | 37.14% | |
| Plains Commerce Bank | 0.06% | 14.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Freedom Mortgage Corporation | -0.08% | 22.00% | |
| Flagstar Bank | -0.05% | 10.00% | |
| Servion | -0.02% | 12.00% | |
| Homeowners Financial Group | -0.01% | 18.00% | |
| Plains Commerce Bank | 0.06% | 16.00% | |
| Quicken Loans | 0.07% | 22.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.01% | 75.00% | |
| Freedom Mortgage Corporation | 0.01% | 15.00% | |
| Plains Commerce Bank | 0.02% | 10.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bremer Bank | -0.01% | 50.00% | |
| Wells Fargo Bank | 0.01% | 25.00% | |
| Plains Commerce Bank | 0.01% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bremer Bank | 0.00% | 50.00% | |
| Plains Commerce Bank | 0.00% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bremer Bank | -0.01% | 50.00% | |
| Wells Fargo Bank | 0.01% | 33.33% | |
| Plains Commerce Bank | 0.01% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Plains Commerce Bank | -0.02% | 19.05% | |
| Freedom Mortgage Corporation | -0.02% | 14.29% | |
| Homeowners Financial Group | -0.01% | 9.52% | |
| Servion | 0.01% | 14.29% | |
| Flagstar Bank | 0.01% | 23.81% | |
| Quicken Loans | 0.02% | 19.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Plains Commerce Bank | -0.03% | 21.43% | |
| Freedom Mortgage Corporation | -0.02% | 21.43% | |
| Homeowners Financial Group | -0.01% | 14.29% | |
| Servion | 0.02% | 14.29% | |
| Flagstar Bank | 0.02% | 28.57% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Servion | -0.02% | 14.29% | |
| Plains Commerce Bank | -0.01% | 14.29% | |
| Flagstar Bank | -0.01% | 14.29% | |
| Quicken Loans | 0.01% | 57.14% |
* Data is compiled for the Willmar, MN commuting zone area, which comprises of counties of Chippewa County, MN, Kandiyohi County, MN, Lac qui Parle County, MN, Swift County, MN, and Yellow Medicine County, MN. This includes cities/towns/communities of Willmar, MN as well as New London, MN, Pennock, MN, Montevideo, MN, Kandiyohi, MN, Benson, MN, Sunburg, MN, Lake Lillian, MN, Regal, MN, Raymond, MN, Hazel Run, MN, Boyd, MN, Granite Falls, MN, Clarkfield, MN, Kerkhoven, MN, Canby, MN, Milan, MN, Wood Lake, MN, Holloway, MN, Louisburg, MN, Clara City, MN, Nassau, MN, and Danvers, 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 Willmar, MN area. For mortgage lender rankings in other cities, click here.