Minnesota · Q1 2026
What Minnesota borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 473 lenders.
Published 2026-04-29.
Minnesota · headline
The gap between Minnesota's lowest- and highest-cost ranked lenders in 2025 was $6,496 on a typical loan — borrowers using United Wholesale Mortgage paid roughly 1192% more than borrowers using Blaze Credit Union on similar loans.
Source: FFIEC HMDA 2025 (n=81,601)
In 2025, 473 mortgage lenders originated 81,601 reportable loans in Minnesota according to FFIEC HMDA data. The median borrower paid $4,947 in total loan costs. That is 16.6% above the national median across all 50 states and DC.
Minnesota's median total loan cost was $4,947, 16.6% above the national median of $4,242. On a typical loan, that translates to roughly $705 more than borrowers paid in the average state.
Blaze Credit Union posted the lowest median total loan costs at $545, 89.0% below the Minnesota median. Across the ranked lenders, 7 earned an A grade against peer averages and 4 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in Minnesota are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage | $7,041 | $3,747 | 6,327 | D |
| 2 | Rocket Mortgage | $5,269 | $3,430 | 5,643 | B |
| 3 | Bell Bank | $4,925 | $2,320 | 5,107 | A |
| 4 | CrossCountry Mortgage | $6,568 | $3,432 | 2,966 | D |
| 5 | U.S. Bank National Association | $3,695 | $1,465 | 2,448 | A |
| 6 | Fairway Independent Mortgage | $6,091 | $2,875 | 2,274 | C |
| 7 | New American Funding | $6,878 | $3,682 | 1,819 | D |
| 8 | Prosperity Home Mortgage, LLC | $5,084 | $2,059 | 1,673 | A |
| 9 | Blaze Credit Union | $545 | $1,695 | 1,615 | A |
| 10 | Pennymac | $6,903 | $3,336 | 1,602 | D |
Minnesota median total loan cost
Minnesota borrowers paid a median $4,947 in total loan costs in 2025, based on 81,601 HMDA-reported loans across 473 lenders.
FFIEC HMDA 2025
Lender spread in Minnesota
In Minnesota, the gap between Blaze Credit Union ($545 median) and United Wholesale Mortgage ($7,041 median) was $6,496 on a typical 2025 loan.
FFIEC HMDA 2025
Minnesota vs. national
Minnesota closing costs ran 16.6% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in Minnesota was $2,163, with the typical lender clustering tightly around that figure. Discount points appeared on 52% of loans, with a median paid amount of $1,885 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 38% of loans, with a median credit of $304.
Avg $3,347
Median $1,885 when present
Median $304 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in Minnesota) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for Minnesota
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