Lowest closing cost mortgage lenders in Clay County County, Minnesota
In Clay County, Minnesota, homebuyers paid a median of $5,593 in closing costs in 2024 — below the Minnesota median of $5,722. The county saw 600 purchase mortgages at a median rate of 6.50%. Among lenders with 10+ originations, First International Bank & Trust offered the lowest median costs at $3,459, which is $1,607 less than the county median.
Homebuyers in Clay County County who chose First International Bank & Trust paid $2,134 less in closing costs than the county median.
County Median Costs
$5,593
−2.3% vs Minnesota ($5,722)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,597
Purchase Originations
600
vs Minnesota Median
2.3% below
$-129
vs National Median
17.0% below
$-1,148
Lender rankings in Clay County County
13 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,459 | 6.375% | $795 | 17 | −$1,607 | |
| 2 | $4,101 | 6.375% | $1,860 | 32 | −$965 | |
| 3 | $4,251 | 6.875% | $1,823 | 11 | −$815 | |
| 4 | $4,523 | 6.625% | $2,349 | 70 | −$543 | |
| 5 | $4,826 | 6.812% | $2,406 | 14 | −$240 | |
| 6 | $5,175 | 6.998% | $3,172 | 29 | +$109 | |
| 7 | $5,470 | 6.375% | $3,015 | 69 | +$404 | |
| 8 | $5,513 | 6.375% | $3,098 | 18 | +$447 | |
| 9 | $5,668 | 6.933% | $3,299 | 14 | +$602 | |
| 10 | $5,709 | 6.500% | $3,375 | 13 | +$643 | |
| 11 | $6,238 | 6.625% | $3,576 | 14 | +$1,172 | |
| 12 | $6,313 | 6.125% | $3,127 | 11 | +$1,247 |
Includes lenders with 10+ purchase originations in Clay County County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in Minnesota → Lender Directory
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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.