Top Mortgage Lenders in Alexandria, MN

Which mortgage lender in the Alexandria, 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 Alexandria, 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 Alexandria, MN area is Gate City Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.08%. This means that Gate City Bank provided a -0.08% lower interest rate for its customers than other lenders in Alexandria, MN for a similar set of borrowers. Gate City Bank has a market share of 8.6%. On the other hand, the most popular lender in the market is Bremer Bank, with a market share of 24.2%. Bremer 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 Alexandria, 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, Gate City Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Alexandria, MN. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Quicken Loans. 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 Alexandria, MN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.08% 8.62%
Bell Bank 2, -0.05% 15.87%
BlackRidgeBANK 3, -0.02% 15.18%
Bremer Bank 4, 0.01% 24.21%
Crescent Mortgage Company 5, 0.02% 8.21%
Suntrust Banks, Inc 6, 0.04% 6.29%
Wells Fargo Bank 7, 0.04% 6.02%
Us Bank 8, 0.05% 6.84%
Quicken Loans 9, 0.08% 8.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bell Bank 1, -0.04% 18.70%
Bremer Bank 2, -0.00% 20.52%
Suntrust Banks, Inc 3, -0.00% 5.71%
BlackRidgeBANK 4, 0.00% 18.96%
Wells Fargo Bank 5, 0.01% 7.27%
Us Bank 6, 0.02% 8.57%
Crescent Mortgage Company 7, 0.02% 9.35%
Gate City Bank 8, 0.02% 7.27%
Quicken Loans 9, 0.04% 3.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.17% 10.12%
BlackRidgeBANK 2, -0.07% 10.98%
Bell Bank 3, -0.07% 12.72%
Crescent Mortgage Company 4, 0.00% 6.94%
Bremer Bank 5, 0.02% 28.32%
Suntrust Banks, Inc 6, 0.07% 6.94%
Wells Fargo Bank 7, 0.08% 4.62%
Quicken Loans 8, 0.09% 14.45%
Us Bank 9, 0.11% 4.91%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.10% 8.66%
Bell Bank 2, -0.06% 16.38%
BlackRidgeBANK 3, -0.03% 13.23%
Bremer Bank 4, 0.01% 25.67%
Crescent Mortgage Company 5, 0.02% 8.82%
Suntrust Banks, Inc 6, 0.04% 7.24%
Wells Fargo Bank 7, 0.04% 6.77%
Us Bank 8, 0.06% 6.61%
Quicken Loans 9, 0.12% 6.61%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bell Bank 1, -0.05% 18.96%
Bremer Bank 2, -0.00% 22.63%
Suntrust Banks, Inc 3, -0.00% 6.73%
BlackRidgeBANK 4, 0.01% 15.90%
Wells Fargo Bank 5, 0.01% 8.56%
Us Bank 6, 0.02% 7.65%
Crescent Mortgage Company 7, 0.03% 9.79%
Gate City Bank 8, 0.03% 6.42%
Quicken Loans 9, 0.05% 3.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.17% 11.04%
BlackRidgeBANK 2, -0.08% 10.39%
Bell Bank 3, -0.07% 13.64%
Crescent Mortgage Company 4, 0.00% 7.79%
Bremer Bank 5, 0.02% 28.90%
Suntrust Banks, Inc 6, 0.07% 7.79%
Wells Fargo Bank 7, 0.08% 4.87%
Us Bank 8, 0.11% 5.52%
Quicken Loans 9, 0.15% 10.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.02% 32.69%
Crescent Mortgage Company 2, -0.00% 5.77%
Bell Bank 3, 0.00% 11.54%
Us Bank 4, 0.01% 5.77%
BlackRidgeBANK 5, 0.01% 32.69%
Gate City Bank 6, 0.01% 5.77%
Bremer Bank 7, 0.03% 3.85%
Wells Fargo Bank 8, 0.06% 1.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Crescent Mortgage Company 1, -0.01% 8.82%
Bell Bank 2, -0.01% 17.65%
Us Bank 3, -0.00% 8.82%
BlackRidgeBANK 4, -0.00% 47.06%
Gate City Bank 5, 0.00% 5.88%
Bremer Bank 6, 0.02% 5.88%
Quicken Loans 7, 0.03% 5.88%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 83.33%
BlackRidgeBANK 2, 0.03% 5.56%
Gate City Bank 3, 0.04% 5.56%
Wells Fargo Bank 4, 0.07% 5.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.02% 13.33%
Bremer Bank 2, 0.00% 60.00%
Bell Bank 3, 0.00% 26.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gate City Bank 1, -0.02% 33.33%
Bell Bank 2, -0.00% 33.33%
Bremer Bank 3, 0.02% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bremer Bank 1, -0.00% 77.78%
Bell Bank 2, 0.01% 22.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BlackRidgeBANK 1, -0.03% 34.48%
Quicken Loans 2, 0.01% 17.24%
Us Bank 3, 0.01% 17.24%
Bell Bank 4, 0.01% 6.90%
Crescent Mortgage Company 5, 0.01% 3.45%
Bremer Bank 6, 0.02% 10.34%
Gate City Bank 7, 0.02% 10.34%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BlackRidgeBANK 1, -0.02% 27.78%
Us Bank 2, 0.01% 27.78%
Bell Bank 3, 0.01% 11.11%
Crescent Mortgage Company 4, 0.01% 5.56%
Quicken Loans 5, 0.01% 5.56%
Bremer Bank 6, 0.01% 5.56%
Gate City Bank 7, 0.02% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BlackRidgeBANK 1, -0.03% 45.45%
Quicken Loans 2, 0.02% 36.36%
Bremer Bank 3, 0.04% 18.18%

* Data is compiled for the Alexandria, MN commuting zone area, which comprises of counties of Douglas County, MN, Grant County, MN, Pope County, MN, and Stevens County, MN. This includes cities/towns/communities of Alexandria, MN as well as Garfield, MN, Carlos, MN, Miltona, MN, Evansville, MN, Long Beach, MN, Nelson, MN, Lowry, MN, Ashby, MN, Farwell, MN, Morris, MN, Westport, MN, Hancock, MN, Norcross, MN, and Chokio, 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

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