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Guide to Mortgage Lenders in Minnesota

Strategies for finding the best Minnesota mortgage loans to fit your needs and budget


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Mortgage brokers in Minnesota can help you secure the best home loan possible from a variety of mortgage companies in Minnesota. In Minnesota, mortgage lenders are plentiful, but finding one that offers the best terms and options can be time-consuming. Minnesota mortgage brokers can help you save time in your search for financially attractive mortgage loans.

Mortgage brokers have the experience and connections to examine thousands of different mortgage lenders and deals. When hiring mortgage brokers in Minnesota, look for a professional who has a keen understanding of the residential market in your particular area. Whether you’re looking for an apartment in downtown St. Paul, a summer house on the lake outside Duluth or a ranch in Bloomington, mortgage brokers have the experience and connections to examine thousands of different mortgage lenders and deals.

To find the best mortgage lenders in Minnesota:

  1. Make sure that you are working with reputable Minnesota mortgage lenders by checking records with government and better-business groups.
  2. Start your search online and look at rates and terms on a variety of websites for lenders and mortgage brokers in Minnesota.
  3. National loan originators and brokers may offer the best terms on Minnesota mortgage loans, so don't limit yourself to a mortgage lending company or broker based in Minnesota.




Action Steps
The best contacts and resources to help you get it done

Search local Minnesota mortgage brokers and lenders associations


Minnesota mortgage lenders associations and mortgage brokers associations can help you find professionals who understand the local housing market.

I recommend: At the Minnesota Mortgage Brokers Association, you can search alphabetically for member brokers at the professional, associate or individual level. The Minnesota Bankers Association offers a variety of helpful consumer tools and allows you to search for lenders in Minnesota in either Minneapolis or St. Paul or alphabetically by city.

Consider local and regional banks for Minnesota mortgage loans


Local and regional banks are some of the most common mortgage lenders in Minnesota.

I recommend: To find banks that are mortgage lenders in Minnesota, visit the Independent Community Bankers of Minnesota, Minnesota Bankers Association, LocalLender.info or USCITY.net.

Use online sources for Minnesota mortgage companies


Numerous online sources can help you shop for the best mortgage lenders in Minnesota.

I recommend: MortgageLoan.com lets you search their list of Minnesota mortgage brokers and lenders by city. Many Minnesota mortgage companies and brokers are listed online and easy to find through Mortgage-X.com or MortgageBrokersMinnesota.com.

Work with national mortgage lenders


Many national mortgage brokers and lenders offer Minnesota mortgage loans that may be right for you.

I recommend: Consider national lenders, such as GMAC Mortgage or Wachovia, or check out Equifax, which offers a nationwide mortgage referral service. Veterans may qualify for a loan through the VA Mortgage Center.com or USAA.com, where you can get pre-approved for Minnesota mortgage loans. 

Check with legal authorities about mortgage companies in Minnesota


Make sure the Minnesota mortgage lenders or mortgage brokers you're considering are trustworthy and don't have a paper trail of complaints by borrowers or clients.

I recommend: Contact the Better Business Bureau of Minnesota and North Dakota to check up on mortgage lenders in Minnesota.

Find out what local experts are saying about mortgage companies in Minnesota


Local real estate experts, including your own real estate agent, can provide information on Minnesota mortgage brokers, lenders and other tips on the market for property hunters.

I recommend: The Minneapolis Real Estate Blog and the St. Paul Real Estate Blog help you keep up with the real estate markets in the Twin Cities. The Minnesota Real Estate Update covers the rest of the state.

Tips & Tactics
Helpful advice for making the most of this Guide

  • A Minnesota mortgage company should be familiar with Minnesota fees and should have a network of local appraisers and title companies to make the process go more smoothly.
  • If your bank offers you a mortgage loan, remember that it's negotiable. Shop around for rates from mortgage brokers and mortgage companies first.
  • Rate quotes for Minnesota mortgage loans should all be from the same time period due to market fluctuations.
  • Tied mortgage brokers don't charge an upfront fee, but work with a limited number of mortgage companies in Minnesota who pay them a commission should you choose their mortgage.
  • Independent brokers charge may charge an upfront fee but cast a wider net, offering a variety of deals from a host of Minnesota mortgage companies.

The official source of Mortgage Lenders in Minnesota is
the Mortgage Lenders in Minnesota page at Business.com

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