Mortgage lender closing cost rankings in Minnesota (2024)
In Minnesota, homebuyers paid a median of $5,722 in total closing costs on purchase mortgages in 2024, which is below the national median of $6,741. The median interest rate was 6.62% across 51,589 purchase originations. The most active lender was UNITED WHOLESALE MORTGAGE, LLC with 3,767 originations. The lowest-cost lender (with 50+ loans) was DHI MORTGAGE COMPANY, LTD. at $223.
Median Total Costs
$5,722
−15.1% vs national ($6,741)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$2,737
Purchase Originations
51,589
By loan type
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 42,257 | 6.625% | $5,237 |
| fha | 5,803 | 6.625% | $11,081 |
| va | 3,137 | 6.250% | $6,095 |
| usda | 392 | 6.500% | $7,162 |
Lowest closing cost lenders in Minnesota
Ranked by median total loan costs among lenders with 50+ purchase originations in Minnesota.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $223 | 5.500% | $0 | 755 | −$5,499 | |
| 2 | $1,886 | 6.125% | $0 | 388 | −$3,836 | |
| 3 | $2,663 | 6.250% | $1,132 | 192 | −$3,059 | |
| 4 | $2,964 | 6.125% | $0 | 193 | −$2,758 | |
| 5 | $3,195 | 6.625% | $1,000 | 131 | −$2,527 | |
| 6 | $3,310 | 6.375% | $250 | 77 | −$2,412 | |
| 7 | $3,447 | 6.200% | $815 | 72 | −$2,275 | |
| 8 | $3,598 | 6.625% | $1,000 | 312 | −$2,124 | |
| 9 | $3,625 | 6.375% | $850 | 203 | −$2,097 | |
| 10 | $3,786 | 6.375% | $1,200 | 502 | −$1,936 | |
| 11 | $3,901 | 6.500% | $1,293 | 754 | −$1,821 | |
| 12 | $3,905 | 6.500% | $1,125 | 108 | −$1,817 | |
| 13 | $3,980 | 6.625% | $1,050 | 142 | −$1,742 | |
| 14 | $3,987 | 6.400% | $2,000 | 451 | −$1,735 | |
| 15 | $3,995 | 6.875% | $1,470 | 846 | −$1,727 | |
| 16 | $4,018 | 6.375% | $900 | 279 | −$1,704 | |
| 17 | $4,119 | 6.625% | $1,444 | 1,274 | −$1,603 | |
| 18 | $4,134 | 6.500% | $1,906 | 778 | −$1,588 | |
| 19 | $4,202 | 6.500% | $1,482 | 293 | −$1,520 | |
| 20 | $4,242 | 6.850% | $2,184 | 201 | −$1,480 | |
| 21 | $4,285 | 6.625% | $1,195 | 118 | −$1,437 | |
| 22 | $4,315 | 6.375% | $1,695 | 309 | −$1,407 | |
| 23 | $4,369 | 6.500% | $2,400 | 143 | −$1,353 | |
| 24 | $4,402 | 6.500% | $1,800 | 277 | −$1,320 | |
| 25 | $4,487 | 6.875% | $1,250 | 84 | −$1,235 |
Includes lenders with 50+ purchase originations in Minnesota. Source: HMDA 2024. Sorted by median total loan costs.
Rankings by county
Hennepin County
11,915 originations
Dakota County
4,709 originations
Ramsey County
4,333 originations
Anoka County
3,908 originations
Washington County
3,363 originations
Wright County
1,942 originations
Scott County
1,677 originations
Olmsted County
1,577 originations
St. Louis County
1,519 originations
Carver County
1,436 originations
Stearns County
1,272 originations
Sherburne County
1,007 originations
Chisago County
626 originations
Clay County
600 originations
Crow Wing County
515 originations
Rice County
490 originations
Blue Earth County
451 originations
Isanti County
426 originations
Otter Tail County
408 originations
Goodhue County
405 originations
Itasca County
352 originations
Benton County
350 originations
Mower County
349 originations
Winona County
340 originations
Steele County
323 originations
Carlton County
315 originations
McLeod County
313 originations
Kandiyohi County
266 originations
Douglas County
260 originations
Mille Lacs County
247 originations
Becker County
239 originations
Le Sueur County
233 originations
Freeborn County
230 originations
Nicollet County
229 originations
Dodge County
228 originations
Morrison County
226 originations
Pine County
219 originations
Polk County
204 originations
Cass County
196 originations
Beltrami County
173 originations
Meeker County
167 originations
Todd County
158 originations
Waseca County
156 originations
Wabasha County
154 originations
Lyon County
149 originations
Martin County
147 originations
Kanabec County
137 originations
Fillmore County
132 originations
Brown County
126 originations
Hubbard County
121 originations
Houston County
121 originations
Aitkin County
110 originations
Sibley County
107 originations
Renville County
106 originations
Lake County
103 originations
Faribault County
102 originations
Redwood County
100 originations
See Minnesota closing cost details, fee benchmarks, and county comparisons → Minnesota Closing Costs Guide
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.