What are the average closing costs in Winona County County?

In Winona County County, the median total loan costs on purchase mortgages were $4,129 in 2024, based on 340 originations.

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

Among lenders with 10+ originations in Winona County County, Merchants Bank, National Association had the lowest median total closing costs at $3,543 in 2024.

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

Winona County County closing costs (median $4,129) are 27.8% below the Minnesota state median of $5,722.

Lowest closing cost mortgage lenders in Winona County County, Minnesota

In Winona County, Minnesota, homebuyers paid a median of $4,129 in closing costs in 2024 — below the Minnesota median of $5,722. The county saw 340 purchase mortgages at a median rate of 6.50%. Among lenders with 10+ originations, Merchants Bank, National Association offered the lowest median costs at $3,543, which is $439 less than the county median.

Homebuyers in Winona County County who chose Merchants Bank, National Association paid $586 less in closing costs than the county median.

County Median Costs

$4,129

−27.8% vs Minnesota ($5,722)

Median Rate

6.500%

−1.8% vs national (6.620%)

Median Origination

$2,161

Purchase Originations

340

vs Minnesota Median

27.8% below

$-1,593

vs National Median

38.8% below

$-2,612

Lender rankings in Winona County County

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

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	Merchants Bank, National Association	$3,543	6.275%	$1,725	114	−$439
2	Alerus Financial, National Association	$3,742	6.562%	$1,945	10	−$240
3	ALTRA Federal Credit Union	$4,104	6.825%	$2,194	59	+$122
4	Bell Bank	$5,123	6.875%	$3,169	15	+$1,141
5	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	$6,370	6.990%	$4,368	17	+$2,388

Includes lenders with 10+ purchase originations in Winona 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.