Groundwork

Market rankings · Minnesota

Mortgage brokers and lenders in Minnesota

Markets across Minnesota ranked by the Groundwork market score for mortgage brokers and lenders, with competitor counts and household spending for each.

Listings
924
172 chain locations (19%)
Official establishments
501
+31.2% since 2019
Household spending a year
$35B
On rent and homeowner costs
Listings per 10k households
4.0
7% below the U.S.
Housing spending per listing (U.S. = 100)
97
3% below the U.S.
Rank among states
#39 of 51
Market score 38 · Lower middle

A site report maps the mortgage brokers and lenders on map listings around any address in Minnesota by name and distance, and the spending within reach.

Free10 actions over 3 days, no card

Survey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure

What this means

Map listings as of September 2026 show 924 mortgage brokers and lenders in Minnesota. Chain locations make up 19% of them, against 21% across the U.S. That comes to 4.0 for every 10,000 households, 7% below the U.S. rate of 4.3.

Household spending on rent and homeowner costs in Minnesota comes to about $35B a year: $15,162 per household, 9% below the U.S. average. Housing spending per office is 3% below the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money mortgage brokers and lenders take in.

Official counts show 501 businesses with payroll classed as mortgage brokers and real estate lenders in Minnesota in 2023, up 31.2% from 2019. That is one for every 4,607 households, against one for every 4,897 across the U.S. Across the U.S., the count rose 9.5% over the same years.

Among the 50 states and DC, Minnesota ranks #39 for mortgage brokers and lenders, with a Groundwork market score of 38 (lower middle). Of the 9 scored metro areas in or partly in Minnesota, the Grand Forks metro area scores highest (64). Of the 4 scored small-town markets in or partly in Minnesota, the Faribault-Northfield area scores highest (60).

Every market in Minnesota for mortgage brokers and lenders

Download the ranking (CSV)

Numbered by Groundwork market score among the markets based in Minnesota, highest first; the U.S. rank compares each market with every other of its kind. A metro area that crosses a state line is listed in each state it reaches, and numbered only in the state its page is under. How the score works.

Metro areas

Metro areas reaching Minnesota, ranked for mortgage brokers and lenders by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
Grand Forks, ND-MN6461.4254+0.8%#61 of 373
Fargo, ND-MN63272.4149+7.7%#72 of 373
La Crosse-Onalaska, WI-MN62131.8198+0.4%#81 of 373
1Duluth, MN-WI59252.1169+0.2%#105 of 373
Sioux Falls, SD-MN51524.288+9.5%#178 of 373
2Rochester, MN50323.4115+2.0%#184 of 373
3Mankato, MN46112.7133+1.2%#212 of 373
4St. Cloud, MN42283.6100+3.0%#244 of 373
5Minneapolis-St. Paul-Bloomington, MN-WI317715.278+2.6%#347 of 373

Small-town markets

Small-town markets reaching Minnesota, ranked for mortgage brokers and lenders by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
1Faribault-Northfield, MN6073.0124+4.2%#48 of 177
2Willmar, MN5652.8126+2.3%#71 of 177
3Hutchinson, MN4353.3111−0.3%#120 of 177
4Owatonna, MN3274.679+0.2%#147 of 177
Brainerd, MNNot scored30.7497+4.3%
Fergus Falls, MNNot scored41.6222+1.6%
Winona, MNNot scored00.0n/a+1.8%
Red Wing, MNNot scored10.5723+1.3%
Bemidji, MNNot scored10.6631+1.8%
Grand Rapids, MNNot scored21.1319+0.9%
Austin, MNNot scored42.5139+2.3%
Alexandria, MNNot scored42.3159+2.6%
Detroit Lakes, MNNot scored32.1170+0.9%
Albert Lea, MNNot scored32.3148−1.5%
New Ulm, MNNot scored21.8190−1.5%
Marshall, MNNot scored11.0359+1.0%
Wahpeton, ND-MNNot scored11.13380.0%
Worthington, MNNot scored33.989+0.6%
Fairmont, MNNot scored00.0n/a−2.8%

Counties

Counties in Minnesota, ranked for mortgage brokers and lenders by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
1Carver County, MN8051.2371+6.6%#30 of 887
2Wright County, MN70142.6158+11.1%#121 of 887
3Scott County, MN68122.2203+5.1%#131 of 887
4Chisago County, MN6852.3169+4.3%#135 of 887
5Sherburne County, MN65102.8145+6.8%#168 of 887
6Isanti County, MN5553.1121+7.3%#334 of 887
7St. Louis County, MN53232.6132+0.2%#378 of 887
8Rice County, MN5373.0124+4.2%#381 of 887
9Kandiyohi County, MN4752.8126+2.3%#489 of 887
10Anoka County, MN44564.199+4.7%#545 of 887
11Dakota County, MN42804.691+3.9%#584 of 887
12Ramsey County, MN40723.3116−1.8%#613 of 887
13Olmsted County, MN40314.687+2.3%#619 of 887
14McLeod County, MN3753.3111−0.3%#673 of 887
15Stearns County, MN36264.285+3.6%#693 of 887
16Washington County, MN35807.657+6.9%#715 of 887
17Blue Earth County, MN31114.088+2.1%#761 of 887
18Steele County, MN2674.679+0.2%#828 of 887
19Hennepin County, MN214157.753+0.2%#867 of 887
Crow Wing County, MNNot scored31.0348+4.3%
Clay County, MNNot scored10.4959+3.6%
Otter Tail County, MNNot scored41.6222+1.6%
Winona County, MNNot scored00.0n/a+1.8%
Goodhue County, MNNot scored10.5723+1.3%
Beltrami County, MNNot scored10.6631+1.8%
Show all 87 counties
Counties in Minnesota, ranked for mortgage brokers and lenders by Groundwork market score, continued
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
Itasca County, MNNot scored21.1319+0.9%
Benton County, MNNot scored21.2296+0.9%
Mower County, MNNot scored42.5139+2.3%
Douglas County, MNNot scored42.3159+2.6%
Carlton County, MNNot scored10.7509+1.4%
Becker County, MNNot scored32.1170+0.9%
Nicollet County, MNNot scored00.0n/a−0.7%
Morrison County, MNNot scored21.4243+1.9%
Cass County, MNNot scored00.0n/a+4.2%
Polk County, MNNot scored10.8432−1.8%
Freeborn County, MNNot scored32.3148−1.5%
Pine County, MNNot scored10.8423+5.5%
Le Sueur County, MNNot scored21.7224+2.9%
Mille Lacs County, MNNot scored32.8124+4.8%
Brown County, MNNot scored21.8190−1.5%
Todd County, MNNot scored11.0347+3.0%
Lyon County, MNNot scored11.0359+1.0%
Meeker County, MNNot scored00.0n/a+0.7%
Nobles County, MNNot scored33.989+0.6%
Hubbard County, MNNot scored11.1312+4.6%
Wabasha County, MNNot scored00.0n/a+0.7%
Fillmore County, MNNot scored11.1310+1.4%
Dodge County, MNNot scored00.0n/a+2.3%
Martin County, MNNot scored00.0n/a−2.8%
Waseca County, MNNot scored11.3262−1.5%
Houston County, MNNot scored11.2297−2.3%
Kanabec County, MNNot scored00.0n/a+3.6%
Aitkin County, MNNot scored00.0n/a+3.5%
Redwood County, MNNot scored00.0n/a−1.0%
Roseau County, MNNot scored11.6220−0.3%
Sibley County, MNNot scored00.0n/a+3.6%
Renville County, MNNot scored00.0n/a−2.3%
Wadena County, MNNot scored00.0n/a+1.9%
Faribault County, MNNot scored11.6207−0.1%
Pennington County, MNNot scored00.0n/a−1.8%
Chippewa County, MNNot scored00.0n/a−1.6%
Koochiching County, MNNot scored00.0n/a−3.7%
Cottonwood County, MNNot scored00.0n/a−1.0%
Pope County, MNNot scored12.0176+0.8%
Watonwan County, MNNot scored00.0n/a+2.0%
Lake County, MNNot scored00.0n/a−1.6%
Jackson County, MNNot scored12.3156−1.3%
Swift County, MNNot scored00.0n/a−0.4%
Stevens County, MNNot scored00.0n/a+0.8%
Rock County, MNNot scored25.071−1.7%
Yellow Medicine County, MNNot scored00.0n/a−0.2%
Pipestone County, MNNot scored00.0n/a−1.7%
Marshall County, MNNot scored00.0n/a−2.5%
Clearwater County, MNNot scored00.0n/a+1.0%
Murray County, MNNot scored00.0n/a−2.9%
Lac qui Parle County, MNNot scored00.0n/a+0.2%
Wilkin County, MNNot scored00.0n/a−2.9%
Norman County, MNNot scored00.0n/a−1.6%
Grant County, MNNot scored00.0n/a−0.1%
Cook County, MNNot scored00.0n/a−1.4%
Lincoln County, MNNot scored00.0n/a−0.7%
Mahnomen County, MNNot scored00.0n/a−4.1%
Big Stone County, MNNot scored00.0n/a−2.0%
Kittson County, MNNot scored00.0n/a−3.7%
Red Lake County, MNNot scored00.0n/a+0.1%
Lake of the Woods County, MNNot scored00.0n/a0.0%
Traverse County, MNNot scored00.0n/a−6.8%

Markets with fewer than 5 mortgage brokers and lenders on map listings, and counties under 10,000 people, aren’t scored; they’re listed last in each table.

Questions

How many mortgage brokers and lenders are in Minnesota?

There are 924 mortgage brokers and lenders on map listings in Minnesota as of September 2026. 172 of them (19%) are chain locations. The listings count mortgage brokers and mortgage lenders. Official counts show 501 businesses with payroll classed as mortgage brokers and real estate lenders in 2023, up 31.2% from 2019.

How much do households in Minnesota spend on rent and homeowner costs?

About $35B a year, or $15,162 per household. That is 9% below the U.S. average (an index of 91, where 100 is the U.S. average). For the 924 mortgage brokers and lenders on map listings, housing spending per office is 3% below the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money mortgage brokers and lenders take in. It is estimated from the incomes of the 2,307,955 households in Minnesota and national spending patterns by income.

How does Minnesota compare with the U.S. for mortgage brokers and lenders?

Minnesota has 4.0 mortgage brokers and lenders per 10,000 households, 7% below the U.S. rate of 4.3. The index of housing spending per office is 97, where 100 is the U.S. At the national ratio of mortgage brokers and lenders to household spending, Minnesota would have about 897, against 924 on map listings. There is one business with payroll in the industry for every 4,607 households, against one for every 4,897 across the U.S. The official count rose 31.2% from 2019 to 2023, against +9.5% for the U.S.

Which market in Minnesota has the highest market score for mortgage brokers and lenders?

Among 9 scored metro areas in or partly in Minnesota, the Grand Forks metro area scores highest, at 64 (upper middle). Among 4 scored small-town markets in or partly in Minnesota, the Faribault-Northfield area scores highest, at 60 (upper middle). Among 19 scored counties in Minnesota, Carver County scores highest, at 80 (high). Scores compare each market with others of its kind across the U.S.

What is the Groundwork market score?

The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. Minnesota scores 38 for mortgage brokers and lenders (lower middle), #39 of the 50 states and DC.

How can I see the market around a specific site?

Run a Groundwork site report on an address in Minnesota. It maps the mortgage brokers and lenders on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.

Mortgage brokers and lenders in other states

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Top markets for mortgage brokers and lenders across the U.S. · All business types in Minnesota

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This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are estimates for research only. Not investment or real estate advice.