Find Mortgage Lenders Near You in Minneapolis, MN
Directory of mortgage lenders in Minneapolis, Minnesota. Verify credentials with the state state mortgage licensing authority before hiring.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Minnesota before hiring.
Showing 20 mortgage lenders in Minneapolis, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mortgage lenders in Minneapolis help home buyers and homeowners secure financing for property purchases and refinancing. Minnesota law requires lenders to be licensed through the Minnesota Department of Commerce. Local lenders understand the Minneapolis housing market and can guide you through state specific disclosure requirements.
What Does a Mortgage Lender in Minneapolis Cost?
Typical mortgage lender costs in Minnesota include origination fees of 0.5 to 1 percent of the loan amount, appraisal fees of 400 to 700 dollars, and title insurance costs of 500 to 1,500 dollars. Closing costs in Minneapolis usually range from 2 to 5 percent of the home purchase price. These costs vary by lender and loan type. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What license do mortgage lenders need in Minnesota?
Mortgage lenders in Minnesota must hold a license from the Minnesota Department of Commerce. They must also register with the Nationwide Multistate Licensing System. This ensures they follow state laws and consumer protections.
How long does a mortgage loan process take in Minneapolis?
A typical mortgage loan process in Minneapolis takes 30 to 45 days from application to closing. This timeline can vary based on loan type and property appraisal. Minnesota law requires a three day rescission period for refinances.
What documents do I need for a mortgage in Minnesota?
You need proof of income, tax returns, bank statements, and identification. Minnesota lenders also require a signed purchase agreement and property details. Self employed borrowers may need additional profit and loss statements.