What are the average closing costs in Olmsted County County?

In Olmsted County County, the median total loan costs on purchase mortgages were $5,218 in 2024, based on 1,577 originations.

Which lender has the lowest closing costs in Olmsted County County?

Among lenders with 10+ originations in Olmsted County County, GUARANTEED RATE, INC. had the lowest median total closing costs at $4,012 in 2024.

How do closing costs in Olmsted County County compare to Minnesota?

Olmsted County County closing costs (median $5,218) are 8.8% below the Minnesota state median of $5,722.

Lowest closing cost mortgage lenders in Olmsted County County, Minnesota

In Olmsted County, Minnesota, homebuyers paid a median of $5,218 in closing costs in 2024 — below the Minnesota median of $5,722. The county saw 1,577 purchase mortgages at a median rate of 6.50%. Among lenders with 10+ originations, GUARANTEED RATE, INC. offered the lowest median costs at $4,012, which is $968 less than the county median.

Homebuyers in Olmsted County County who chose GUARANTEED RATE, INC. paid $1,206 less in closing costs than the county median.

County Median Costs

$5,218

−8.8% vs Minnesota ($5,722)

Median Rate

6.500%

−1.8% vs national (6.620%)

Median Origination

$2,719

Purchase Originations

1,577

vs Minnesota Median

8.8% below

$-504

vs National Median

22.6% below

$-1,523

Lender rankings in Olmsted County County

24 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	GUARANTEED RATE, INC.	$4,012	6.750%	$1,640	34	−$968
2	AFFINITY PLUS	$4,193	6.125%	$2,400	11	−$787
3	Think Mutual Bank	$4,297	6.375%	$1,800	171	−$683
4	U.S. Bank National Association	$4,364	6.500%	$2,355	64	−$616
5	Wells Fargo Bank, National Association	$4,602	6.500%	$2,057	20	−$378
6	Associated Bank, National Association	$4,639	6.438%	$868	14	−$341
7	Merchants Bank, National Association	$4,671	6.400%	$2,747	43	−$309
8	Prosperity Home Mortgage, LLC	$4,711	6.750%	$2,229	42	−$269
9	First Federal Bank	$4,843	6.312%	$2,548	58	−$137
10	Bremer Bank, National Association	$4,887	6.625%	$2,838	48	−$93
11	Servion, Inc.	$4,913	5.875%	$2,730	23	−$67
12	ALTRA Federal Credit Union	$4,929	6.675%	$2,575	52	−$51
13	ROCKET MORTGAGE, LLC	$4,941	6.750%	$3,914	21	−$39
14	Alerus Financial, National Association	$4,963	6.625%	$2,685	98	−$17
15	GUARANTEED RATE AFFINITY, LLC	$5,060	6.625%	$2,851	35	+$80
16	Minnwest Bank	$5,257	6.125%	$2,948	10	+$277
17	BAY EQUITY LLC	$5,291	7.058%	$3,182	16	+$311
18	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	$5,468	6.875%	$3,547	38	+$488
19	CROSSCOUNTRY MORTGAGE, LLC	$5,756	6.912%	$3,581	14	+$776
20	Bell Bank	$5,964	6.490%	$3,716	84	+$984
21	MAYO EMPLOYEES FEDERAL CREDIT UNION	$6,345	6.250%	$3,550	38	+$1,365
22	UNITED WHOLESALE MORTGAGE, LLC	$6,384	6.625%	$4,170	184	+$1,404
23	Plains Commerce Bank	$7,039	6.375%	$4,118	15	+$2,059
24	LOANDEPOT.COM, LLC	$7,194	6.875%	$4,492	19	+$2,214

Includes lenders with 10+ purchase originations in Olmsted 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.