What people paid for mortgages in Stearns County, MN (2025)

Across 1,492 closed home-purchase loans in 2025, the median interest rate in Stearns was 6.5%, and the middle half of borrowers got between 6.125% and 6.875%. Median total loan costs ran $5,333 on a median loan of $245,000. Source: federal HMDA filings on first-lien, owner-occupied loans.

Data: FFIEC HMDA modified LAR, 2024 and 2025 filings, loaded August 2026.

Home purchase

Median rate: 6.5%
Middle half of rates: 6.125%–6.875%
Median total loan costs: $5,333
Median loan amount: $245,000

1,492 loans, 2025.

Refinance

Median rate: 6.125%
Middle half of rates: 5.75%–6.74%
Median total loan costs: $4,703
Median loan amount: $225,000

536 loans, 2025.

Lowest median rates in Stearns (2025)

The lenders whose own closed loans had the lowest median interest rate here, among lenders with enough local volume for the median to mean something. A low median is a reason to include that lender when you collect Loan Estimates; it is not a promise about the rate you will be quoted. An independent mortgage broker can pull quotes from several lenders at once on one application.

Home purchase

1.Magnifi Financial Credit Union6.375%126 loans, median costs $4,217
2.PLAZA HOME MORTGAGE, INCbroker only6.375%90 loans, median costs $5,674
3.St. Cloud Financial Credit Union6.375%40 loans, median costs $4,978
4.United Wholesale Mortgagebroker only6.41%59 loans, median costs $6,658
5.Mortgage Research Center6.5%43 loans, median costs $4,303

Among lenders with at least 30 closed purchase loans in Stearns County in 2025.

Refinance

1.United Wholesale Mortgagebroker only5.75%51 loans, median costs $7,294
2.Magnifi Financial Credit Union5.75%43 loans, median costs $3,206
3.ROCKET MORTGAGE6.125%47 loans, median costs $6,754
4.FREEDOM MORTGAGE CORPORATION6.125%33 loans, median costs $4,516
5.LIBERTY BANK MINNESOTA6.688%32 loans, median costs $2,485

Among lenders with at least 30 closed refinance loans in Stearns County in 2025.

Why you may not recognize these names

The largest lenders in most counties are not banks. Homebuilders such as D.R. Horton and Lennar own their own mortgage companies (DHI Mortgage, Lennar Mortgage), and because builders attach rate buydowns and closing-cost incentives to using them, the builder's lender often tops the table in counties with heavy new construction, with median rates that look low because the builder paid to lower them. Lenders marked broker only, such as United Wholesale Mortgage, take no applications from the public: federal HMDA reporting credits each loan to the lender that made the credit decision, so loans arranged by independent brokers appear here under the wholesale lender that funded them. Others, such as PennyMac and Freedom Mortgage, operate at national scale by buying loans from smaller lenders and refinancing the loans they service, heavily in FHA and VA lending. Who actually lends, and why the biggest names are not banks covers the full picture, with sources.

Lender by lender in Stearns

Every lender that closed at least 5 qualifying loans in Stearns County in 2025, sorted by loan count. The # column is the lender's rank here by closed loans for the selected purpose. Median origination is the lender's own charges (Loan Estimate section A); median points is the discount-points portion. Lenders marked "broker only" fund loans through independent mortgage brokers rather than taking applications directly.

#	Lender	Loans	Median rate	Median total costs	Median origination	Median points
1	Magnifi Financial Credit Union	126	6.375%	$4,217	$1,500	$375
2	HOMEOWNERS FINANCIAL GROUP, LLC	102	6.625%	$5,754	$3,268	$1,980
3	PLAZA HOME MORTGAGE, INCbroker only	90	6.375%	$5,674	$2,039	$1,974
4	LIBERTY BANK MINNESOTA	87	6.625%	$3,329	$1,000	$1,901
5	United Wholesale Mortgagebroker only	59	6.41%	$6,658	$2,863	$2,410
6	FAIRWAY INDEPENDENT MORT CORP	48	6.688%	$7,082	$3,399	$2,290
7	Mortgage Research Center	43	6.5%	$4,303	$0	$975
8	St. Cloud Financial Credit Union	40	6.375%	$4,978	$2,828	$1,520
9	ROCKET MORTGAGE	39	6.5%	$6,017	$2,268	$2,196
10	NEW AMERICAN FUNDING, LLC.	37	6.75%	$6,230	$3,495	$2,401
11	EVERETT FINANCIAL, INC.	35	6.99%	$7,734	$2,500	$2,446
12	Old National Bank	33	6.5%	$5,010	$1,458	$597
13	US BANK, N.A.	29	6.75%	$4,466	$1,668	$684
14	Bell Bank	28	6.688%	$4,467	$1,318	$1,427
15	CROSSCOUNTRY MORTGAGE, LLC	27	6.625%	$7,964	$3,617	$2,401
16	Granite Bank	26	6.433%	$5,895	$2,601	$1,840
17	PRIMELENDING	24	6.625%	$5,596	$2,533	$1,438
18	ARK-LA-TEX FINANCIAL SERVICES LLC	20	6.25%	$8,108	$3,956	$5,640
19	DEERWOOD BANK	19	6.75%	$4,568	$2,150	$1,043
20	PENNYMAC LOAN SERVICES LLC	19	6.624%	$6,281	$2,199	$1,020
21	PROSPERITY HOME MORTGAGE, LLC	18	6.812%	$5,841	$1,653	$1,723
22	21ST MORTGAGE	17	11.22%	n/a	n/a	n/a
23	ZILLOW HOME LOANS, LLC	16	6.495%	$5,048	$2,295	$1,560
24	ROYAL CREDIT UNION	16	6.812%	$6,311	$3,675	$1,593
25	TRUSTONE FINANCIAL CREDIT UNION	15	6.5%	$4,150	$1,180	$348
26	GUARANTEED RATE, INC.	14	6.625%	$5,392	$1,798	$821
27	Minnesota National Bank	13	n/a	n/a	n/a	n/a
28	NEWREZ LLC	13	6.375%	$5,901	$3,082	$2,427
29	Affinity Plus Federal Credit Union	13	6.5%	$4,978	$2,440	$2,342
30	SENTRY BANK	12	n/a	n/a	n/a	n/a
31	BANKVISTA	12	n/a	n/a	n/a	n/a
32	Freeport State Bank	12	n/a	n/a	n/a	n/a
33	WELLS FARGO BANK NA	12	6.5%	$4,288	$1,761	$1,400
34	Servion	11	6.5%	$5,404	$2,944	$646
35	American Heritage National Bank	11	n/a	n/a	n/a	n/a
36	Luminate Bank	11	6.875%	$6,557	$3,330	$1,440
37	CORTRUST MORTGAGE, INC.	10	6.375%	$5,624	$2,912	$350
38	GUARANTEED RATE AFFINITY, LLC	10	6.75%	$6,447	$3,984	$2,406
39	CARDINAL FINANCIAL COMPANY, LI	10	6.812%	$9,875	$5,574	$5,593
40	PARAMOUNT RESIDENTIAL MORTGAGE	9	6.25%	$9,129	$4,362	$2,622

What these numbers are, and are not

Everything above is computed from the FFIEC's HMDA Modified Loan/Application Register, the public loan-level file nearly every mortgage lender must submit each year, filtered to originated, first-lien, owner-occupied principal-residence loans that were not business-purpose or reverse mortgages. Groups smaller than 5 loans are omitted. The methodology page documents every step.

The public file contains no credit scores, so differences between lenders mix true pricing differences with different customer bases: loan sizes, points paid, and borrower profiles all vary by lender. A median is context for your own quote, not a ranking and not an offer. Rates here are also a year's worth of closings blended together, while your quote reflects a single day's market.

The one move that reliably saves money

Get more than one Loan Estimate. Every lender must give you one within 3 business days of your application, on the same standardized form, and cannot charge you more than a reasonable credit-report fee to do it. Collecting two or three makes the offers directly comparable, line by line.

Your Loan Estimate rights

Request quotes on LendingTree

One way to start several lender conversations quickly: a marketplace like LendingTree sends one request to up to five lenders, who will call and email you. Any lender you go on to apply with must then issue the same standardized Loan Estimate, which is the document you compare line by line.

What happens after you submit

Referral disclosure: this site may earn a fee if you request quotes through this link. A referral fee never changes the quotes you receive, and no lender or marketplace pays to appear in the data tables on this site or to be described a certain way.

Have a Loan Estimate in hand? The checker compares your quoted rate and origination charges against the Stearns figures above, in your browser, without storing anything.

Common questions

What mortgage rate did people get in Stearns County in 2025?

The median interest rate on closed home-purchase loans in Stearns County, Minnesota in 2025 was 6.5%, across 1,492 first-lien, owner-occupied loans. The middle half of borrowers got between 6.125% and 6.875%.

Is this a rate I can get today?

No. These are medians of loans that already closed, under those borrowers' credit profiles, loan sizes, discount points, and lock dates. Rates also move daily. The way to learn your own number is to collect Loan Estimates from two or three lenders, which federal rules make close to free.

Why do lenders in the table show different rates?

Partly pricing, partly customer mix. Public HMDA data contains no credit scores, so a lender serving stronger-credit borrowers or larger loans will show a different median than one serving first-time buyers, at identical pricing. Use the table as a map of who is active locally and roughly where they land, not as a ranking.

Where do these numbers come from?

The FFIEC's public HMDA Modified Loan/Application Register, the loan-level data nearly every mortgage lender must file each year, filtered to originated, first-lien, owner-occupied, non-business, non-reverse loans, in groups of at least 5.