Top Mortgage Lenders in Brainerd, MN

Which mortgage lender in the Brainerd, 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 Brainerd, 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 Brainerd, MN area is Affinity Plus Federal Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.14%. This means that Affinity Plus Federal Credit Union provided a -0.14% lower interest rate for its customers than other lenders in Brainerd, MN for a similar set of borrowers. Affinity Plus Federal Credit Union has a market share of 13.9%. On the other hand, the most popular lender in the market is Us Bank, with a market share of 15.4%. Us Bank is an average rate lender in this area, with a “Rate Difference” of -0.01% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Brainerd, 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 Brainerd, MN is Affinity Plus Federal Credit Union. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Flagstar Bank. The cheapest VA mortgage provider is BlackRidgeBANK. 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 Brainerd, MN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Affinity Plus Federal Credit Union 1, -0.14% 13.94%
Merchants Bank 2, -0.07% 2.11%
Tradition Mortgage 3, -0.06% 4.08%
Prosperity Home Mortgage 4, -0.04% 2.64%
Bell Bank 5, -0.01% 2.47%
Bremer Bank 6, -0.01% 5.47%
Us Bank 7, -0.01% 15.37%
Frandsen Bank & Trust 8, -0.01% 3.00%
Usaa Federal Savings Bank 9, 0.01% 1.52%
BlackRidgeBANK 10, 0.01% 7.80%
Members Cooperative Credit Union 11, 0.01% 3.00%
Servion, Inc 12, 0.03% 2.78%
Wells Fargo Bank 13, 0.03% 8.65%
American Mortgage & Equity Consultants Inc 14, 0.04% 7.84%
TruStone Financial Federal Credit Union 15, 0.04% 1.43%
Flagstar Bank 16, 0.04% 5.65%
New American Funding 17, 0.05% 1.70%
Quicken Loans 18, 0.14% 10.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Affinity Plus Federal Credit Union 1, -0.13% 7.00%
Tradition Mortgage 2, -0.08% 5.14%
Merchants Bank 3, -0.06% 2.11%
Us Bank 4, -0.05% 13.91%
Prosperity Home Mortgage 5, -0.04% 4.64%
Wells Fargo Bank 6, -0.01% 10.03%
Bell Bank 7, -0.01% 3.29%
Usaa Federal Savings Bank 8, 0.00% 2.11%
Servion, Inc 9, 0.01% 2.87%
Frandsen Bank & Trust 10, 0.02% 2.61%
Bremer Bank 11, 0.03% 4.55%
Members Cooperative Credit Union 12, 0.03% 3.96%
BlackRidgeBANK 13, 0.03% 10.54%
Flagstar Bank 14, 0.04% 5.65%
American Mortgage & Equity Consultants Inc 15, 0.05% 10.96%
TruStone Financial Federal Credit Union 16, 0.05% 2.02%
New American Funding 17, 0.06% 2.02%
Quicken Loans 18, 0.12% 6.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Affinity Plus Federal Credit Union 1, -0.14% 21.82%
Merchants Bank 2, -0.08% 2.11%
BlackRidgeBANK 3, -0.06% 4.69%
Bremer Bank 4, -0.04% 6.51%
Frandsen Bank & Trust 5, -0.03% 3.44%
Members Cooperative Credit Union 6, -0.03% 1.91%
Tradition Mortgage 7, -0.01% 2.87%
Bell Bank 8, -0.01% 1.53%
American Mortgage & Equity Consultants Inc 9, -0.00% 4.31%
Prosperity Home Mortgage 10, 0.01% 0.38%
Usaa Federal Savings Bank 11, 0.01% 0.86%
TruStone Financial Federal Credit Union 12, 0.01% 0.77%
Us Bank 13, 0.03% 17.03%
New American Funding 14, 0.03% 1.34%
Servion, Inc 15, 0.05% 2.68%
Flagstar Bank 16, 0.05% 5.65%
Wells Fargo Bank 17, 0.10% 7.08%
Quicken Loans 18, 0.15% 15.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Affinity Plus Federal Credit Union 1, -0.14% 16.77%
Merchants Bank 2, -0.07% 2.54%
Tradition Mortgage 3, -0.06% 4.22%
Prosperity Home Mortgage 4, -0.05% 2.43%
Bell Bank 5, -0.01% 2.60%
Bremer Bank 6, -0.01% 5.62%
Us Bank 7, -0.01% 16.66%
Frandsen Bank & Trust 8, -0.00% 3.62%
Members Cooperative Credit Union 9, 0.01% 3.62%
Usaa Federal Savings Bank 10, 0.02% 0.76%
BlackRidgeBANK 11, 0.02% 5.73%
Wells Fargo Bank 12, 0.03% 9.41%
Servion, Inc 13, 0.03% 2.70%
American Mortgage & Equity Consultants Inc 14, 0.04% 6.38%
TruStone Financial Federal Credit Union 15, 0.05% 1.62%
New American Funding 16, 0.05% 1.51%
Flagstar Bank 17, 0.06% 5.41%
Quicken Loans 18, 0.20% 8.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Affinity Plus Federal Credit Union 1, -0.12% 8.78%
Tradition Mortgage 2, -0.09% 5.46%
Merchants Bank 3, -0.06% 2.68%
Us Bank 4, -0.05% 15.52%
Prosperity Home Mortgage 5, -0.05% 4.50%
Bell Bank 6, -0.01% 3.53%
Wells Fargo Bank 7, -0.01% 11.03%
Servion, Inc 8, 0.01% 2.68%
Usaa Federal Savings Bank 9, 0.02% 1.07%
Frandsen Bank & Trust 10, 0.03% 3.32%
Bremer Bank 11, 0.03% 4.82%
Members Cooperative Credit Union 12, 0.03% 5.03%
Flagstar Bank 13, 0.06% 5.57%
American Mortgage & Equity Consultants Inc 14, 0.06% 8.99%
TruStone Financial Federal Credit Union 15, 0.06% 2.36%
New American Funding 16, 0.06% 1.82%
BlackRidgeBANK 17, 0.07% 6.96%
Quicken Loans 18, 0.16% 5.89%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Affinity Plus Federal Credit Union 1, -0.14% 24.92%
Merchants Bank 2, -0.08% 2.40%
BlackRidgeBANK 3, -0.06% 4.48%
Bremer Bank 4, -0.04% 6.45%
Frandsen Bank & Trust 5, -0.03% 3.93%
Members Cooperative Credit Union 6, -0.03% 2.19%
Tradition Mortgage 7, -0.01% 2.95%
Bell Bank 8, -0.01% 1.64%
American Mortgage & Equity Consultants Inc 9, 0.00% 3.72%
Prosperity Home Mortgage 10, 0.00% 0.33%
Usaa Federal Savings Bank 11, 0.01% 0.44%
TruStone Financial Federal Credit Union 12, 0.02% 0.87%
Us Bank 13, 0.03% 17.81%
New American Funding 14, 0.04% 1.20%
Servion, Inc 15, 0.06% 2.73%
Flagstar Bank 16, 0.07% 5.25%
Wells Fargo Bank 17, 0.10% 7.76%
Quicken Loans 18, 0.23% 10.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.04% 2.72%
Tradition Mortgage 2, -0.04% 4.35%
Us Bank 3, -0.03% 2.17%
BlackRidgeBANK 4, -0.02% 27.72%
Servion, Inc 5, -0.01% 2.17%
Prosperity Home Mortgage 6, -0.01% 3.26%
American Mortgage & Equity Consultants Inc 7, 0.01% 23.91%
Wells Fargo Bank 8, 0.01% 1.09%
Bell Bank 9, 0.01% 0.54%
Bremer Bank 10, 0.01% 2.17%
TruStone Financial Federal Credit Union 11, 0.01% 1.09%
Quicken Loans 12, 0.03% 24.46%
New American Funding 13, 0.06% 4.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Tradition Mortgage 1, -0.04% 4.41%
Flagstar Bank 2, -0.04% 2.94%
Us Bank 3, -0.03% 2.94%
BlackRidgeBANK 4, -0.02% 34.56%
Servion, Inc 5, -0.01% 2.21%
Prosperity Home Mortgage 6, -0.00% 4.41%
Bell Bank 7, 0.01% 0.74%
American Mortgage & Equity Consultants Inc 8, 0.01% 26.47%
Bremer Bank 9, 0.01% 2.94%
TruStone Financial Federal Credit Union 10, 0.02% 1.47%
Wells Fargo Bank 11, 0.02% 0.74%
Quicken Loans 12, 0.03% 11.76%
New American Funding 13, 0.08% 4.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
American Mortgage & Equity Consultants Inc 1, -0.03% 16.67%
Flagstar Bank 2, -0.03% 2.08%
Tradition Mortgage 3, -0.02% 4.17%
BlackRidgeBANK 4, -0.02% 8.33%
Wells Fargo Bank 5, -0.02% 2.08%
New American Funding 6, -0.01% 4.17%
Servion, Inc 7, -0.01% 2.08%
Quicken Loans 8, 0.02% 60.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 16.95%
Affinity Plus Federal Credit Union 2, -0.01% 1.69%
Quicken Loans 3, -0.01% 3.39%
Bremer Bank 4, -0.01% 22.03%
Bell Bank 5, -0.01% 5.08%
Tradition Mortgage 6, -0.01% 1.69%
American Mortgage & Equity Consultants Inc 7, -0.01% 5.08%
Prosperity Home Mortgage 8, -0.00% 1.69%
New American Funding 9, 0.00% 1.69%
BlackRidgeBANK 10, 0.01% 3.39%
Us Bank 11, 0.01% 37.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 25.00%
Affinity Plus Federal Credit Union 2, -0.01% 3.12%
Quicken Loans 3, -0.01% 6.25%
Us Bank 4, -0.00% 28.12%
Bell Bank 5, -0.00% 9.38%
American Mortgage & Equity Consultants Inc 6, 0.00% 3.12%
Prosperity Home Mortgage 7, 0.00% 3.12%
New American Funding 8, 0.00% 3.12%
BlackRidgeBANK 9, 0.02% 6.25%
Bremer Bank 10, 0.02% 12.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bremer Bank 1, -0.03% 33.33%
Wells Fargo Bank 2, -0.02% 7.41%
American Mortgage & Equity Consultants Inc 3, -0.01% 7.41%
Tradition Mortgage 4, -0.01% 3.70%
Us Bank 5, 0.02% 48.15%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BlackRidgeBANK 1, -0.03% 10.79%
Flagstar Bank 2, -0.02% 15.11%
Usaa Federal Savings Bank 3, -0.01% 14.39%
Prosperity Home Mortgage 4, -0.01% 5.04%
Us Bank 5, -0.01% 6.47%
Servion, Inc 6, 0.00% 5.76%
Wells Fargo Bank 7, 0.01% 5.04%
Bremer Bank 8, 0.01% 0.72%
Tradition Mortgage 9, 0.01% 2.88%
Quicken Loans 10, 0.01% 23.74%
Bell Bank 11, 0.02% 2.16%
New American Funding 12, 0.02% 0.72%
American Mortgage & Equity Consultants Inc 13, 0.07% 7.19%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BlackRidgeBANK 1, -0.03% 13.10%
Flagstar Bank 2, -0.03% 13.10%
Usaa Federal Savings Bank 3, -0.01% 17.86%
Prosperity Home Mortgage 4, -0.01% 7.14%
Us Bank 5, -0.01% 8.33%
Servion, Inc 6, 0.00% 7.14%
Wells Fargo Bank 7, 0.00% 8.33%
Bremer Bank 8, 0.00% 1.19%
Tradition Mortgage 9, 0.01% 4.76%
Bell Bank 10, 0.02% 2.38%
Quicken Loans 11, 0.04% 5.95%
American Mortgage & Equity Consultants Inc 12, 0.07% 10.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BlackRidgeBANK 1, -0.04% 7.27%
Flagstar Bank 2, -0.02% 18.18%
Usaa Federal Savings Bank 3, -0.00% 9.09%
Us Bank 4, -0.00% 3.64%
American Mortgage & Equity Consultants Inc 5, 0.00% 1.82%
Servion, Inc 6, 0.01% 3.64%
Prosperity Home Mortgage 7, 0.01% 1.82%
Quicken Loans 8, 0.01% 50.91%
Bell Bank 9, 0.02% 1.82%
New American Funding 10, 0.03% 1.82%

* Data is compiled for the Brainerd, MN commuting zone area, which comprises of counties of Aitkin County, MN, Cass County, MN, Crow Wing County, MN, and Itasca County, MN. This includes cities/towns/communities of Brainerd, MN as well as Crosslake, MN, Merrifield, MN, Jenkins, MN, Longville, MN, Pine River, MN, La Prairie, MN, Grand Rapids, MN, Pequot Lakes, MN, Lake Shore, MN, East Gull Lake, MN, Fort Ripley, MN, Walker, MN, Bovey, MN, Coleraine, MN, Trommald, MN, Zemple, MN, Tamarack, MN, Garrison, MN, Emily, MN, Aitkin, MN, Hill City, MN, Federal Dam, MN, Warba, MN, McGrath, MN, Nashwauk, MN, Bigfork, MN, Deer River, MN, and Cass Lake, 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.

Mortgage Lender Rankings for Other Cities

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