Top Mortgage Lenders in the Elk River, MN area

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, we provide a data driven ranking of mortgage lenders in the Elk River, MN area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Elk River, MN area is Liberty Bank Minnesota, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.13%. This means that Liberty Bank Minnesota provided a -0.13% lower interest rate for its customers than other lenders in Elk River, MN for a similar set of borrowers. Liberty Bank Minnesota has a market share of 7.7%. It is also the most popular lender in the area.

Our detailed rankings of the mortgage lenders for 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, the cheapest lender for Conventional mortgages in Elk River, MN is Prosperity Home Mortgage. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), 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 Federal Savings Bank. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Liberty Bank Minnesota 1, -0.13% 7.72%
Central Minnesota Credit Union 2, -0.12% 5.27%
Affinity Plus Federal Credit Union 3, -0.12% 2.48%
Prosperity Home Mortgage 4, -0.11% 1.44%
Servion, Inc 5, -0.07% 1.60%
Bell Bank 6, -0.06% 3.38%
CMG Mortgage Inc 7, -0.05% 0.88%
St Cloud Financial Credit Unio 8, -0.05% 3.94%
Alerus Financial 9, -0.05% 0.63%
Bremer Bank 10, -0.04% 4.49%
Usaa Federal Savings Bank 11, -0.04% 0.99%
Merchants Bank 12, -0.04% 0.69%
Flagstar Bank 13, -0.02% 2.00%
Pennymac Loan Services 14, -0.02% 1.68%
Tradition Mortgage 15, -0.02% 1.21%
Old National Bank 16, -0.01% 0.66%
Plaza Home Mortgage Inc 17, -0.01% 3.21%
Us Bank 18, -0.00% 6.35%
Wells Fargo Bank 19, 0.00% 5.00%
Guaranteed Rate Inc 20, 0.00% 1.97%
Home Point Financial Corporation 21, 0.01% 0.96%
Mortgages Unlimited Inc 22, 0.01% 0.80%
Homeowners Financial Group 23, 0.02% 2.23%
LoanDepot 24, 0.02% 1.77%
LeaderOne Financial Corp 25, 0.02% 1.14%
Bank of England 26, 0.02% 0.48%
Caliber Home Loans Inc 27, 0.03% 0.61%
TruStone Financial Federal Credit Union 28, 0.03% 1.40%
New American Funding 29, 0.03% 3.46%
Spire Credit Union 30, 0.04% 0.89%
Citizens Bank 31, 0.04% 0.48%
Cambria Mortgage 32, 0.04% 0.57%
American Mortgage & Equity Consultants Inc 33, 0.04% 5.44%
Crescent Mortgage Company 34, 0.04% 0.60%
Freedom Mortgage Corporation 35, 0.04% 1.47%
Summit Mortgage Corporation 36, 0.05% 0.80%
Fairway Independent Mort Corp 37, 0.05% 1.82%
Guaranteed Rate Affinity 38, 0.06% 1.14%
Results Mortgage 39, 0.07% 0.74%
Bay Equity 40, 0.07% 1.43%
TCF National Bank 41, 0.08% 0.47%
Primelending 42, 0.09% 3.30%
Cardinal Financial Company LP 43, 0.11% 1.58%
Waterstone Mortgage Corp 44, 0.13% 1.87%
Nationstar Mortgage 45, 0.14% 1.01%
Quicken Loans 46, 0.14% 7.09%
Compeer Financial ACA 47, 0.23% 0.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Prosperity Home Mortgage 1, -0.13% 2.11%
Central Minnesota Credit Union 2, -0.11% 5.13%
Wells Fargo Bank 3, -0.11% 4.85%
Liberty Bank Minnesota 4, -0.09% 7.57%
Us Bank 5, -0.09% 5.79%
CMG Mortgage Inc 6, -0.07% 1.17%
Alerus Financial 7, -0.06% 0.84%
Merchants Bank 8, -0.06% 0.64%
Bell Bank 9, -0.05% 4.55%
Usaa Federal Savings Bank 10, -0.04% 1.35%
Affinity Plus Federal Credit Union 11, -0.04% 1.12%
Tradition Mortgage 12, -0.02% 0.91%
Servion, Inc 13, -0.02% 1.32%
Pennymac Loan Services 14, -0.01% 1.30%
Bremer Bank 15, -0.01% 4.04%
Flagstar Bank 16, -0.00% 1.91%
TCF National Bank 17, -0.00% 0.20%
Plaza Home Mortgage Inc 18, 0.00% 3.61%
Caliber Home Loans Inc 19, 0.01% 0.43%
Freedom Mortgage Corporation 20, 0.02% 1.42%
LeaderOne Financial Corp 21, 0.02% 1.09%
Home Point Financial Corporation 22, 0.02% 1.14%
Homeowners Financial Group 23, 0.02% 3.58%
Guaranteed Rate Inc 24, 0.02% 2.57%
Mortgages Unlimited Inc 25, 0.02% 1.04%
St Cloud Financial Credit Unio 26, 0.02% 2.49%
Old National Bank 27, 0.02% 0.66%
Bank of England 28, 0.02% 0.61%
Nationstar Mortgage 29, 0.04% 0.18%
TruStone Financial Federal Credit Union 30, 0.04% 1.09%
Spire Credit Union 31, 0.04% 0.53%
Cambria Mortgage 32, 0.05% 0.66%
Citizens Bank 33, 0.05% 0.53%
Crescent Mortgage Company 34, 0.05% 0.76%
New American Funding 35, 0.05% 4.55%
Summit Mortgage Corporation 36, 0.06% 1.04%
LoanDepot 37, 0.06% 1.19%
Guaranteed Rate Affinity 38, 0.06% 1.73%
Fairway Independent Mort Corp 39, 0.06% 2.13%
American Mortgage & Equity Consultants Inc 40, 0.07% 6.84%
Bay Equity 41, 0.07% 1.88%
Quicken Loans 42, 0.07% 3.33%
Results Mortgage 43, 0.08% 1.17%
Primelending 44, 0.10% 4.24%
Compeer Financial ACA 45, 0.12% 0.61%
Waterstone Mortgage Corp 46, 0.15% 2.34%
Cardinal Financial Company LP 47, 0.15% 1.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Liberty Bank Minnesota 1, -0.18% 7.91%
Affinity Plus Federal Credit Union 2, -0.15% 4.32%
Central Minnesota Credit Union 3, -0.13% 5.45%
Servion, Inc 4, -0.12% 1.99%
St Cloud Financial Credit Unio 5, -0.10% 5.89%
Bell Bank 6, -0.09% 1.82%
Bremer Bank 7, -0.08% 5.10%
Old National Bank 8, -0.06% 0.65%
Guaranteed Rate Inc 9, -0.05% 1.16%
Flagstar Bank 10, -0.04% 2.12%
Plaza Home Mortgage Inc 11, -0.04% 2.67%
Usaa Federal Savings Bank 12, -0.03% 0.51%
American Mortgage & Equity Consultants Inc 13, -0.03% 3.56%
Pennymac Loan Services 14, -0.02% 2.19%
New American Funding 15, -0.02% 1.99%
Prosperity Home Mortgage 16, -0.02% 0.55%
Tradition Mortgage 17, -0.02% 1.61%
LoanDepot 18, -0.02% 2.54%
Home Point Financial Corporation 19, -0.01% 0.72%
Homeowners Financial Group 20, -0.01% 0.41%
Merchants Bank 21, -0.01% 0.75%
Alerus Financial 22, -0.01% 0.34%
Mortgages Unlimited Inc 23, -0.00% 0.48%
CMG Mortgage Inc 24, 0.00% 0.48%
Guaranteed Rate Affinity 25, 0.01% 0.34%
Fairway Independent Mort Corp 26, 0.01% 1.40%
Crescent Mortgage Company 27, 0.01% 0.38%
Summit Mortgage Corporation 28, 0.01% 0.48%
Citizens Bank 29, 0.02% 0.41%
Cambria Mortgage 30, 0.02% 0.45%
LeaderOne Financial Corp 31, 0.02% 1.20%
Bank of England 32, 0.02% 0.31%
TruStone Financial Federal Credit Union 33, 0.03% 1.82%
Cardinal Financial Company LP 34, 0.03% 1.37%
Spire Credit Union 35, 0.03% 1.37%
Caliber Home Loans Inc 36, 0.03% 0.86%
Results Mortgage 37, 0.05% 0.17%
Primelending 38, 0.06% 2.02%
Waterstone Mortgage Corp 39, 0.07% 1.23%
Freedom Mortgage Corporation 40, 0.08% 1.54%
Bay Equity 41, 0.08% 0.82%
Us Bank 42, 0.09% 7.09%
TCF National Bank 43, 0.11% 0.82%
Wells Fargo Bank 44, 0.14% 5.21%
Nationstar Mortgage 45, 0.14% 2.12%
Quicken Loans 46, 0.16% 12.16%
Compeer Financial ACA 47, 0.30% 1.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Prosperity Home Mortgage 1, -0.14% 1.48%
Liberty Bank Minnesota 2, -0.12% 9.13%
Central Minnesota Credit Union 3, -0.12% 6.94%
Affinity Plus Federal Credit Union 4, -0.11% 3.27%
Bell Bank 5, -0.08% 3.36%
Servion, Inc 6, -0.07% 1.92%
Alerus Financial 7, -0.05% 0.69%
St Cloud Financial Credit Unio 8, -0.05% 4.73%
Bremer Bank 9, -0.05% 5.32%
Merchants Bank 10, -0.03% 0.90%
Flagstar Bank 11, -0.03% 1.98%
LoanDepot 12, -0.02% 1.23%
Tradition Mortgage 13, -0.01% 1.35%
Old National Bank 14, -0.01% 0.75%
Pennymac Loan Services 15, -0.01% 1.56%
Us Bank 16, 0.00% 7.52%
Bank of England 17, 0.00% 0.33%
Guaranteed Rate Inc 18, 0.01% 1.73%
Wells Fargo Bank 19, 0.01% 6.13%
Usaa Federal Savings Bank 20, 0.02% 0.35%
Mortgages Unlimited Inc 21, 0.02% 0.85%
Homeowners Financial Group 22, 0.02% 2.10%
LeaderOne Financial Corp 23, 0.03% 1.02%
Home Point Financial Corporation 24, 0.03% 0.85%
Plaza Home Mortgage Inc 25, 0.03% 2.67%
CMG Mortgage Inc 26, 0.03% 0.42%
TruStone Financial Federal Credit Union 27, 0.04% 1.61%
New American Funding 28, 0.04% 2.44%
Guaranteed Rate Affinity 29, 0.04% 1.02%
Caliber Home Loans Inc 30, 0.04% 0.38%
Spire Credit Union 31, 0.04% 1.17%
Cambria Mortgage 32, 0.05% 0.40%
Summit Mortgage Corporation 33, 0.05% 0.79%
American Mortgage & Equity Consultants Inc 34, 0.05% 4.54%
Bay Equity 35, 0.06% 1.00%
Citizens Bank 36, 0.06% 0.50%
Cardinal Financial Company LP 37, 0.08% 1.10%
Fairway Independent Mort Corp 38, 0.09% 1.50%
Results Mortgage 39, 0.09% 0.71%
TCF National Bank 40, 0.10% 0.54%
Crescent Mortgage Company 41, 0.10% 0.37%
Primelending 42, 0.11% 2.79%
Waterstone Mortgage Corp 43, 0.16% 1.79%
Freedom Mortgage Corporation 44, 0.17% 0.69%
Quicken Loans 45, 0.18% 6.38%
Nationstar Mortgage 46, 0.20% 0.62%
Compeer Financial ACA 47, 0.24% 1.10%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Prosperity Home Mortgage 1, -0.16% 2.31%
Wells Fargo Bank 2, -0.11% 6.04%
Central Minnesota Credit Union 3, -0.11% 7.17%
Us Bank 4, -0.10% 6.85%
Bell Bank 5, -0.07% 4.62%
Liberty Bank Minnesota 6, -0.07% 8.88%
Alerus Financial 7, -0.06% 0.92%
Merchants Bank 8, -0.05% 0.89%
Affinity Plus Federal Credit Union 9, -0.03% 1.56%
Servion, Inc 10, -0.02% 1.56%
Tradition Mortgage 11, -0.01% 0.99%
Flagstar Bank 12, -0.01% 1.99%
Bremer Bank 13, -0.01% 5.11%
Bank of England 14, -0.00% 0.43%
TCF National Bank 15, 0.00% 0.25%
Pennymac Loan Services 16, 0.01% 1.35%
Usaa Federal Savings Bank 17, 0.02% 0.57%
LeaderOne Financial Corp 18, 0.03% 0.85%
St Cloud Financial Credit Unio 19, 0.03% 3.20%
Guaranteed Rate Inc 20, 0.03% 2.31%
Mortgages Unlimited Inc 21, 0.03% 1.10%
Old National Bank 22, 0.03% 0.82%
Homeowners Financial Group 23, 0.03% 3.55%
Nationstar Mortgage 24, 0.03% 0.04%
Caliber Home Loans Inc 25, 0.03% 0.36%
CMG Mortgage Inc 26, 0.04% 0.53%
Bay Equity 27, 0.04% 1.21%
Guaranteed Rate Affinity 28, 0.05% 1.56%
Spire Credit Union 29, 0.05% 0.75%
Plaza Home Mortgage Inc 30, 0.05% 3.27%
TruStone Financial Federal Credit Union 31, 0.05% 1.24%
Home Point Financial Corporation 32, 0.05% 0.99%
New American Funding 33, 0.05% 3.44%
LoanDepot 34, 0.06% 0.60%
Summit Mortgage Corporation 35, 0.06% 1.03%
Cambria Mortgage 36, 0.07% 0.39%
Quicken Loans 37, 0.08% 3.52%
Citizens Bank 38, 0.09% 0.53%
American Mortgage & Equity Consultants Inc 39, 0.09% 5.72%
Results Mortgage 40, 0.10% 1.14%
Crescent Mortgage Company 41, 0.12% 0.53%
Primelending 42, 0.13% 3.55%
Compeer Financial ACA 43, 0.13% 0.82%
Fairway Independent Mort Corp 44, 0.13% 1.78%
Cardinal Financial Company LP 45, 0.14% 1.07%
Freedom Mortgage Corporation 46, 0.16% 0.53%
Waterstone Mortgage Corp 47, 0.21% 2.10%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Liberty Bank Minnesota 1, -0.19% 9.43%
Affinity Plus Federal Credit Union 2, -0.14% 5.28%
Central Minnesota Credit Union 3, -0.12% 6.66%
Servion, Inc 4, -0.12% 2.35%
Bell Bank 5, -0.10% 1.89%
St Cloud Financial Credit Unio 6, -0.09% 6.54%
Bremer Bank 7, -0.09% 5.57%
Old National Bank 8, -0.07% 0.67%
Guaranteed Rate Inc 9, -0.05% 1.05%
LoanDepot 10, -0.05% 1.97%
Flagstar Bank 11, -0.05% 1.97%
American Mortgage & Equity Consultants Inc 12, -0.03% 3.14%
Pennymac Loan Services 13, -0.02% 1.80%
Prosperity Home Mortgage 14, -0.02% 0.50%
Homeowners Financial Group 15, -0.02% 0.38%
Tradition Mortgage 16, -0.02% 1.76%
Home Point Financial Corporation 17, -0.01% 0.67%
Merchants Bank 18, -0.01% 0.92%
Plaza Home Mortgage Inc 19, -0.01% 1.97%
New American Funding 20, -0.00% 1.26%
Alerus Financial 21, -0.00% 0.42%
Mortgages Unlimited Inc 22, -0.00% 0.54%
CMG Mortgage Inc 23, 0.01% 0.29%
Guaranteed Rate Affinity 24, 0.01% 0.38%
Cardinal Financial Company LP 25, 0.02% 1.13%
Citizens Bank 26, 0.02% 0.46%
Cambria Mortgage 27, 0.02% 0.42%
Summit Mortgage Corporation 28, 0.02% 0.50%
LeaderOne Financial Corp 29, 0.02% 1.22%
Fairway Independent Mort Corp 30, 0.02% 1.17%
Bank of England 31, 0.03% 0.21%
TruStone Financial Federal Credit Union 32, 0.03% 2.05%
Usaa Federal Savings Bank 33, 0.03% 0.08%
Spire Credit Union 34, 0.04% 1.68%
Caliber Home Loans Inc 35, 0.04% 0.42%
Results Mortgage 36, 0.05% 0.21%
Crescent Mortgage Company 37, 0.06% 0.17%
Primelending 38, 0.07% 1.89%
Waterstone Mortgage Corp 39, 0.08% 1.42%
Bay Equity 40, 0.10% 0.75%
Us Bank 41, 0.10% 8.30%
TCF National Bank 42, 0.13% 0.88%
Wells Fargo Bank 43, 0.14% 6.24%
Freedom Mortgage Corporation 44, 0.17% 0.88%
Nationstar Mortgage 45, 0.20% 1.30%
Quicken Loans 46, 0.22% 9.77%
Compeer Financial ACA 47, 0.31% 1.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Liberty Bank Minnesota 1, -0.24% 4.12%
CMG Mortgage Inc 2, -0.13% 2.93%
Plaza Home Mortgage Inc 3, -0.10% 4.12%
Pennymac Loan Services 4, -0.06% 1.92%
Freedom Mortgage Corporation 5, -0.06% 3.67%
Alerus Financial 6, -0.05% 0.64%
Us Bank 7, -0.05% 1.56%
Fairway Independent Mort Corp 8, -0.04% 3.57%
Citizens Bank 9, -0.04% 0.64%
Home Point Financial Corporation 10, -0.04% 1.56%
Prosperity Home Mortgage 11, -0.03% 1.28%
Servion, Inc 12, -0.03% 0.37%
Tradition Mortgage 13, -0.03% 0.92%
Crescent Mortgage Company 14, -0.02% 1.01%
Homeowners Financial Group 15, -0.02% 3.02%
Old National Bank 16, -0.02% 0.27%
TCF National Bank 17, -0.01% 0.27%
Mortgages Unlimited Inc 18, -0.01% 0.92%
TruStone Financial Federal Credit Union 19, -0.01% 0.92%
Guaranteed Rate Inc 20, -0.00% 2.93%
LeaderOne Financial Corp 21, -0.00% 1.74%
Bremer Bank 22, 0.00% 1.10%
Caliber Home Loans Inc 23, 0.00% 1.19%
Wells Fargo Bank 24, 0.01% 0.18%
Bell Bank 25, 0.01% 2.93%
American Mortgage & Equity Consultants Inc 26, 0.02% 9.72%
Quicken Loans 27, 0.02% 9.72%
Flagstar Bank 28, 0.02% 1.56%
Cambria Mortgage 29, 0.02% 1.37%
Results Mortgage 30, 0.03% 1.01%
Summit Mortgage Corporation 31, 0.03% 1.10%
New American Funding 32, 0.03% 7.42%
Waterstone Mortgage Corp 33, 0.04% 2.93%
Bank of England 34, 0.04% 1.28%
LoanDepot 35, 0.05% 3.02%
Primelending 36, 0.06% 5.68%
Nationstar Mortgage 37, 0.07% 2.57%
Bay Equity 38, 0.09% 3.67%
Guaranteed Rate Affinity 39, 0.13% 1.37%
Cardinal Financial Company LP 40, 0.14% 3.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Liberty Bank Minnesota 1, -0.25% 5.12%
CMG Mortgage Inc 2, -0.14% 3.54%
Plaza Home Mortgage Inc 3, -0.10% 4.51%
Pennymac Loan Services 4, -0.09% 1.22%
Freedom Mortgage Corporation 5, -0.06% 3.41%
Us Bank 6, -0.06% 1.71%
Alerus Financial 7, -0.05% 0.85%
Citizens Bank 8, -0.05% 0.73%
Fairway Independent Mort Corp 9, -0.05% 3.66%
Home Point Financial Corporation 10, -0.04% 1.71%
Prosperity Home Mortgage 11, -0.04% 1.59%
Tradition Mortgage 12, -0.03% 0.85%
Caliber Home Loans Inc 13, -0.03% 0.61%
Servion, Inc 14, -0.03% 0.49%
Crescent Mortgage Company 15, -0.02% 1.10%
Homeowners Financial Group 16, -0.02% 3.78%
Old National Bank 17, -0.02% 0.37%
LeaderOne Financial Corp 18, -0.01% 1.83%
Mortgages Unlimited Inc 19, -0.01% 1.22%
TruStone Financial Federal Credit Union 20, -0.00% 0.85%
Guaranteed Rate Inc 21, 0.00% 3.29%
Bremer Bank 22, 0.00% 1.34%
Wells Fargo Bank 23, 0.01% 0.24%
Nationstar Mortgage 24, 0.01% 0.49%
Bell Bank 25, 0.02% 3.54%
Cambria Mortgage 26, 0.03% 1.59%
Results Mortgage 27, 0.03% 1.34%
American Mortgage & Equity Consultants Inc 28, 0.03% 10.24%
Flagstar Bank 29, 0.04% 1.34%
Waterstone Mortgage Corp 30, 0.04% 3.66%
Bank of England 31, 0.04% 1.46%
Summit Mortgage Corporation 32, 0.04% 1.22%
New American Funding 33, 0.05% 8.17%
LoanDepot 34, 0.05% 3.17%
Quicken Loans 35, 0.06% 3.17%
Primelending 36, 0.07% 6.59%
Bay Equity 37, 0.10% 4.27%
Guaranteed Rate Affinity 38, 0.13% 1.83%
Cardinal Financial Company LP 39, 0.17% 3.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.08% 2.95%
Freedom Mortgage Corporation 2, -0.04% 4.43%
Liberty Bank Minnesota 3, -0.04% 1.11%
Fairway Independent Mort Corp 4, -0.04% 3.32%
Crescent Mortgage Company 5, -0.03% 0.74%
Pennymac Loan Services 6, -0.03% 4.06%
American Mortgage & Equity Consultants Inc 7, -0.03% 8.12%
Bell Bank 8, -0.03% 1.11%
New American Funding 9, -0.03% 5.17%
Summit Mortgage Corporation 10, -0.02% 0.74%
Home Point Financial Corporation 11, -0.02% 1.11%
Guaranteed Rate Inc 12, -0.02% 1.85%
TCF National Bank 13, -0.02% 1.11%
CMG Mortgage Inc 14, -0.02% 1.11%
Bremer Bank 15, -0.01% 0.37%
Tradition Mortgage 16, -0.01% 1.11%
Us Bank 17, -0.01% 1.11%
TruStone Financial Federal Credit Union 18, -0.01% 1.11%
Flagstar Bank 19, -0.01% 2.21%
Prosperity Home Mortgage 20, -0.00% 0.37%
Homeowners Financial Group 21, -0.00% 0.74%
Quicken Loans 22, 0.00% 29.52%
Citizens Bank 23, 0.01% 0.37%
Cambria Mortgage 24, 0.01% 0.74%
Bank of England 25, 0.01% 0.74%
Waterstone Mortgage Corp 26, 0.01% 0.74%
Primelending 27, 0.02% 2.95%
Caliber Home Loans Inc 28, 0.02% 2.95%
LeaderOne Financial Corp 29, 0.03% 1.48%
Cardinal Financial Company LP 30, 0.04% 3.32%
Bay Equity 31, 0.04% 1.85%
LoanDepot 32, 0.06% 2.58%
Nationstar Mortgage 33, 0.07% 8.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.02% 6.45%
Bremer Bank 2, -0.01% 35.48%
Wells Fargo Bank 3, -0.00% 9.68%
Us Bank 4, 0.00% 19.35%
Bell Bank 5, 0.00% 3.23%
Plaza Home Mortgage Inc 6, 0.01% 3.23%
LoanDepot 7, 0.01% 3.23%
Liberty Bank Minnesota 8, 0.01% 9.68%
Primelending 9, 0.02% 3.23%
Compeer Financial ACA 10, 0.02% 6.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.02% 20.00%
Bremer Bank 2, -0.00% 10.00%
Wells Fargo Bank 3, -0.00% 30.00%
Bell Bank 4, 0.00% 10.00%
Liberty Bank Minnesota 5, 0.01% 20.00%
Compeer Financial ACA 6, 0.02% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.02% 9.52%
Bremer Bank 2, -0.01% 47.62%
Plaza Home Mortgage Inc 3, 0.01% 4.76%
Us Bank 4, 0.01% 19.05%
Liberty Bank Minnesota 5, 0.01% 4.76%
LoanDepot 6, 0.01% 4.76%
Primelending 7, 0.02% 4.76%
Compeer Financial ACA 8, 0.03% 4.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.07% 9.43%
St Cloud Financial Credit Unio 2, -0.07% 4.53%
Plaza Home Mortgage Inc 3, -0.06% 6.60%
Wells Fargo Bank 4, -0.04% 3.58%
Flagstar Bank 5, -0.03% 3.21%
Home Point Financial Corporation 6, -0.03% 0.94%
Pennymac Loan Services 7, -0.02% 2.45%
New American Funding 8, -0.02% 5.47%
Liberty Bank Minnesota 9, -0.02% 1.13%
Crescent Mortgage Company 10, -0.02% 2.08%
Guaranteed Rate Inc 11, -0.02% 2.45%
Results Mortgage 12, -0.02% 0.57%
American Mortgage & Equity Consultants Inc 13, -0.01% 5.85%
TCF National Bank 14, -0.00% 0.19%
Tradition Mortgage 15, -0.00% 0.57%
CMG Mortgage Inc 16, -0.00% 1.13%
Bremer Bank 17, -0.00% 1.51%
Freedom Mortgage Corporation 18, -0.00% 4.72%
Prosperity Home Mortgage 19, -0.00% 1.51%
Old National Bank 20, -0.00% 0.19%
Mortgages Unlimited Inc 21, -0.00% 0.19%
Cambria Mortgage 22, -0.00% 0.57%
TruStone Financial Federal Credit Union 23, 0.00% 0.38%
Bay Equity 24, 0.00% 1.13%
Us Bank 25, 0.00% 3.96%
Homeowners Financial Group 26, 0.00% 2.08%
Caliber Home Loans Inc 27, 0.01% 1.70%
LeaderOne Financial Corp 28, 0.01% 1.13%
Bank of England 29, 0.01% 0.38%
Servion, Inc 30, 0.02% 1.13%
Bell Bank 31, 0.02% 4.53%
Guaranteed Rate Affinity 32, 0.02% 1.89%
Fairway Independent Mort Corp 33, 0.03% 1.51%
LoanDepot 34, 0.03% 4.34%
Primelending 35, 0.03% 3.40%
Summit Mortgage Corporation 36, 0.04% 0.38%
Waterstone Mortgage Corp 37, 0.04% 0.57%
Cardinal Financial Company LP 38, 0.07% 1.89%
Nationstar Mortgage 39, 0.08% 1.70%
Quicken Loans 40, 0.13% 9.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.07% 12.80%
Wells Fargo Bank 2, -0.05% 5.54%
Home Point Financial Corporation 3, -0.03% 1.04%
Liberty Bank Minnesota 4, -0.02% 1.38%
Freedom Mortgage Corporation 5, -0.02% 4.50%
St Cloud Financial Credit Unio 6, -0.02% 2.77%
Plaza Home Mortgage Inc 7, -0.02% 4.50%
Crescent Mortgage Company 8, -0.01% 2.08%
Flagstar Bank 9, -0.01% 2.77%
Results Mortgage 10, -0.01% 1.04%
Pennymac Loan Services 11, -0.00% 1.04%
Caliber Home Loans Inc 12, -0.00% 0.69%
Cambria Mortgage 13, -0.00% 0.69%
Tradition Mortgage 14, -0.00% 0.35%
Guaranteed Rate Inc 15, 0.00% 3.11%
TCF National Bank 16, 0.00% 0.35%
TruStone Financial Federal Credit Union 17, 0.00% 0.35%
American Mortgage & Equity Consultants Inc 18, 0.00% 8.30%
Homeowners Financial Group 19, 0.01% 3.46%
Bay Equity 20, 0.01% 1.73%
Us Bank 21, 0.01% 6.57%
Prosperity Home Mortgage 22, 0.01% 1.73%
CMG Mortgage Inc 23, 0.01% 0.69%
Bremer Bank 24, 0.02% 1.04%
Servion, Inc 25, 0.02% 1.38%
New American Funding 26, 0.02% 5.19%
LeaderOne Financial Corp 27, 0.03% 1.38%
Guaranteed Rate Affinity 28, 0.03% 3.11%
Bell Bank 29, 0.03% 6.57%
Fairway Independent Mort Corp 30, 0.04% 1.38%
Nationstar Mortgage 31, 0.04% 0.69%
Summit Mortgage Corporation 32, 0.05% 0.69%
Primelending 33, 0.05% 4.50%
Waterstone Mortgage Corp 34, 0.05% 1.04%
Quicken Loans 35, 0.07% 2.08%
LoanDepot 36, 0.07% 1.38%
Cardinal Financial Company LP 37, 0.08% 2.08%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
St Cloud Financial Credit Unio 1, -0.10% 6.64%
Plaza Home Mortgage Inc 2, -0.10% 9.13%
New American Funding 3, -0.07% 5.81%
Usaa Federal Savings Bank 4, -0.05% 5.39%
Guaranteed Rate Inc 5, -0.05% 1.66%
Flagstar Bank 6, -0.05% 3.73%
American Mortgage & Equity Consultants Inc 7, -0.04% 2.90%
Pennymac Loan Services 8, -0.04% 4.15%
Crescent Mortgage Company 9, -0.03% 2.07%
Home Point Financial Corporation 10, -0.02% 0.83%
Prosperity Home Mortgage 11, -0.02% 1.24%
Bremer Bank 12, -0.02% 2.07%
Liberty Bank Minnesota 13, -0.02% 0.83%
LeaderOne Financial Corp 14, -0.02% 0.83%
CMG Mortgage Inc 15, -0.02% 1.66%
Bell Bank 16, -0.01% 2.07%
Guaranteed Rate Affinity 17, -0.01% 0.41%
Us Bank 18, -0.01% 0.83%
Tradition Mortgage 19, -0.01% 0.83%
Old National Bank 20, -0.01% 0.41%
Mortgages Unlimited Inc 21, -0.01% 0.41%
Bay Equity 22, -0.01% 0.41%
Homeowners Financial Group 23, -0.00% 0.41%
TruStone Financial Federal Credit Union 24, 0.00% 0.41%
Caliber Home Loans Inc 25, 0.00% 2.90%
Bank of England 26, 0.01% 0.83%
Primelending 27, 0.01% 2.07%
Servion, Inc 28, 0.01% 0.83%
Cambria Mortgage 29, 0.01% 0.41%
Freedom Mortgage Corporation 30, 0.01% 4.98%
Fairway Independent Mort Corp 31, 0.02% 1.66%
LoanDepot 32, 0.02% 7.88%
Wells Fargo Bank 33, 0.05% 1.24%
Cardinal Financial Company LP 34, 0.05% 1.66%
Nationstar Mortgage 35, 0.08% 2.90%
Quicken Loans 36, 0.14% 17.43%

* 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 for the data comes from 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 based on the MSA, 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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