2025 · Minnesota
Most active investment-property lenders in Minnesota
In 2025, 5,741 investment-property loans were originated on single-family 1-4 unit homes in Minnesota. These are the lenders that wrote the most of them, by HMDA-reported volume.
Minnesota lender rankings
| # | Lender | Focus | Originations | Volume | Biz-purpose |
|---|---|---|---|---|---|
| 1 | Kiavi Funding, Inc. | DSCR / biz | 244 | $64M | 100% |
| 2 | United Shore Financial Services, LLC | DSCR / biz | 239 | $54M | 100% |
| 3 | Bridgewater Bank | Conventional | 146 | $46M | 0% |
| 4 | Bell Bank | DSCR / biz | 145 | $35M | 100% |
| 5 | Rocket Mortgage, LLC | Conventional | 101 | $25M | 0% |
| 6 | Crosscountry Mortgage, Inc. | DSCR / biz | 101 | $25M | 100% |
| 7 | Pennymac Loan Services, LLC | DSCR / biz | 101 | $32M | 100% |
| 8 | Coulee Bank | Conventional | 95 | $21M | 1% |
| 9 | Frandsen Bank & Trust | DSCR / biz | 90 | $22M | 73% |
| 10 | Luminate Bank | DSCR / biz | 80 | $25M | 100% |
Lenders with at least 10 reported investor originations in Minnesota, top 10.
How investors borrow in Minnesota
The rate premium, denial rate, and DSCR share in Minnesota — Investor Financing Report.
Where Minnesota cash-flows
Gross rental yield and top metros in Minnesota — Best Cash-Flow Markets.
Frequently asked questions
Who are the most active investment-property lenders in Minnesota?
By 2025 HMDA-reported volume, the most active investment-property (single-family 1-4 unit) lenders in Minnesota were Kiavi Funding, Inc. (244 originations), United Shore Financial Services, LLC (239), and Bridgewater Bank (146). 5,741 investor loans were originated statewide.
Which Minnesota lenders focus on DSCR / business-purpose loans?
Lenders whose Minnesota investor loans are mostly business- or commercial-purpose (the DSCR/LLC bucket) include Kiavi Funding, Inc., United Shore Financial Services, LLC, Bell Bank, Crosscountry Mortgage, Inc.. Each lender's mix is flagged in the table.
Is this a ranking of the best lenders?
No — it ranks HMDA-reported origination volume, not rate, service, or terms. HMDA omits non-reporting private/hard-money lenders and under-captures business-purpose loans. Use it as a research starting point, not a recommendation.
Run a Minnesota deal
Source: CFPB / FFIEC HMDA combined Modified LAR (loan-level public dataset, early release), 2025. Most active by reported volume, not a quality ranking. Lender names resolved from the 2024 HMDA filers registry (LEIs are stable across years) with a GLEIF fallback. The 2025 HMDA institution registry was not yet published at build time.