Top Mortgage Lenders in Minot, ND

Which mortgage lender in the Minot, ND 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 Minot, ND 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 Minot, ND area is Town & Country Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Town & Country Credit Union provided a -0.07% lower interest rate for its customers than other lenders in Minot, ND for a similar set of borrowers. Town & Country Credit Union has a market share of 32.9%. It is the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Minot, ND 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, Gate City Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Minot, ND. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Town & Country Credit Union. The cheapest VA mortgage provider is Town & Country Credit Union. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Minot, ND

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.07% 32.92%
Gate City Bank 2, -0.05% 26.16%
First International Bank & Trust 3, 0.04% 11.89%
Guaranteed Rate Inc 4, 0.08% 7.51%
Flagstar Bank 5, 0.10% 8.39%
Quicken Loans 6, 0.14% 8.01%
Usaa Federal Savings Bank 7, 0.15% 5.13%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.09% 33.82%
Gate City Bank 2, -0.02% 21.76%
First International Bank & Trust 3, 0.04% 12.61%
Guaranteed Rate Inc 4, 0.08% 9.69%
Quicken Loans 5, 0.08% 4.02%
Flagstar Bank 6, 0.10% 10.60%
Usaa Federal Savings Bank 7, 0.15% 7.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.09% 35.71%
Town & Country Credit Union 2, -0.03% 30.95%
First International Bank & Trust 3, 0.05% 10.32%
Guaranteed Rate Inc 4, 0.05% 2.78%
Flagstar Bank 5, 0.07% 3.57%
Quicken Loans 6, 0.18% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.07% 34.72%
Town & Country Credit Union 2, -0.04% 34.51%
First International Bank & Trust 3, 0.07% 12.89%
Usaa Federal Savings Bank 4, 0.08% 0.62%
Guaranteed Rate Inc 5, 0.10% 3.74%
Flagstar Bank 6, 0.18% 5.20%
Quicken Loans 7, 0.19% 8.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.05% 39.58%
Gate City Bank 2, -0.05% 28.98%
First International Bank & Trust 3, 0.07% 14.84%
Usaa Federal Savings Bank 4, 0.07% 1.06%
Quicken Loans 5, 0.10% 4.24%
Guaranteed Rate Inc 6, 0.12% 4.59%
Flagstar Bank 7, 0.20% 6.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.09% 42.93%
Town & Country Credit Union 2, -0.01% 27.27%
Guaranteed Rate Inc 3, 0.05% 2.53%
First International Bank & Trust 4, 0.06% 10.10%
Flagstar Bank 5, 0.09% 3.03%
Quicken Loans 6, 0.23% 14.14%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.08% 27.35%
Flagstar Bank 2, -0.02% 13.68%
First International Bank & Trust 3, 0.02% 14.53%
Quicken Loans 4, 0.03% 7.69%
Gate City Bank 5, 0.05% 16.24%
Guaranteed Rate Inc 6, 0.06% 20.51%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.08% 28.44%
Flagstar Bank 2, -0.02% 14.68%
First International Bank & Trust 3, 0.03% 12.84%
Quicken Loans 4, 0.04% 5.50%
Gate City Bank 5, 0.05% 16.51%
Guaranteed Rate Inc 6, 0.06% 22.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First International Bank & Trust 1, -0.01% 37.50%
Quicken Loans 2, -0.00% 37.50%
Town & Country Credit Union 3, 0.01% 12.50%
Gate City Bank 4, 0.02% 12.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.16% 32.83%
First International Bank & Trust 2, -0.01% 8.08%
Gate City Bank 3, 0.04% 10.10%
Guaranteed Rate Inc 4, 0.04% 9.09%
Flagstar Bank 5, 0.07% 13.13%
Quicken Loans 6, 0.08% 7.58%
Usaa Federal Savings Bank 7, 0.15% 19.19%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.19% 27.63%
First International Bank & Trust 2, -0.02% 8.55%
Gate City Bank 3, 0.03% 10.53%
Guaranteed Rate Inc 4, 0.04% 10.53%
Quicken Loans 5, 0.06% 2.63%
Flagstar Bank 6, 0.07% 15.13%
Usaa Federal Savings Bank 7, 0.14% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Town & Country Credit Union 1, -0.08% 50.00%
First International Bank & Trust 2, 0.04% 6.52%
Guaranteed Rate Inc 3, 0.05% 4.35%
Flagstar Bank 4, 0.05% 6.52%
Gate City Bank 5, 0.08% 8.70%
Quicken Loans 6, 0.10% 23.91%

* Data is compiled for the Minot, ND commuting zone area, which comprises of counties of Bottineau County, ND, McHenry County, ND, Renville County, ND, and Ward County, ND. This includes cities/towns/communities of Minot, ND as well as Surrey, ND, Burlington, ND, Sawyer, ND, Willow City, ND, Velva, ND, Kenmare, ND, Bottineau, ND, Mohall, ND, Westhope, ND, and Towner, ND. 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Minot, ND area. For mortgage lender rankings of other cities, click here.