Mortgage lending in Minnesota

122,789 mortgages were originated in Minnesota in 2025. Here is what they cost — including the lender fees that never show up in an advertised rate.

Loans originated

122,789

Median rate

6.625%

Median lender fees

$4,857

Median loan amount

$235,000

Median spread over APOR

0.252

Paid discount points

35.9%

Received lender credits

25.6%

Purchases / refinances

56.1% / 24.2%

Conventional / FHA / VA

86% / 8.4% / 5.2%

Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 72.2% of loans here — see methodology.

Largest lenders in Minnesota

Ranked by loans originated. The fee column is where lenders differ most — it is the money they charged to make the loan, and it is not part of the interest rate.

Minnesota year by year

The same measures across every year of filings available. Rates follow the market; fees move for their own reasons.

Counties

53 counties had at least 300 loans in 2025. Smaller counties are left out rather than published from a handful of records.