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1-4 Unit Investor · MN

1-4 Unit Investor lenders in Minnesota

406 lenders made at least one 1-4 unit investor or business-purpose loan in Minnesota in 2025. Kiavi Funding, Inc. made the most, with 245 of the 6,266 on record.

Evidence
Lender made at least one 1-4 unit investor or business-purpose loan in Minnesota in 2025 (HMDA)
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
406
HMDA,
Investor loans, 2025
6,266
HMDA,
1-4 units or business purpose
Based in the state
115
HMDA,

Cite this

Source: The Lender Report, 1-4 Unit Investor lenders in Minnesota, https://lender.report/investor-1-4-lenders/minnesota/, data as of December 31, 2025.

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Minnesota 1-4 unit investor lenders, by loans made in the state in 2025. First 25 of 406.
LenderKindBased inLoans in stateLoans nationwideTypical loan
Kiavi Funding, Inc. 1-4 unit investor recordNon-bankSan Francisco, CA24525,518$215K
United Wholesale Mortgage 1-4 unit investor recordNon-bankPontiac, MI23931,218$205K
Bell Bank 1-4 unit investor recordBankFargo, ND150359$235K
Bridgewater Bank 1-4 unit investor recordBankSaint Louis Park, MN149160$225K
Trustone Financial Credit Union 1-4 unit investor recordCredit unionPlymouth, MN121173$135K
Frandsen Bank & Trust 1-4 unit investor recordBankLonsdale, MN112149$195K
Rocket Mortgage 1-4 unit investor recordNon-bankDetroit, MI11213,753$215K
Pennymac Loan Services LLC 1-4 unit investor recordNon-bankWestlake Village, CA1036,372$335K
Crosscountry Mortgage, LLC 1-4 unit investor recordNon-bankCleveland, OH10210,082$265K
Coulee Bank 1-4 unit investor recordBankLa Crosse, WI95100$205K
Luminate Bank 1-4 unit investor recordBankMinneapolis, MN82615$255K
Merchants Bank, National Association 1-4 unit investor recordBankWinona, MN81114$155K
Lennar Mortgage, LLCNon-bankMiami, FL796,134$235K
RF Renovo Management Company, LLC 1-4 unit investor recordNon-bankChicago, IL795,969$245K
Royal Credit Union 1-4 unit investor recordCredit unionEau Claire, WI77212$155K
Old National Bank 1-4 unit investor recordBankEvansville, IN76506$185K
Granite Bank 1-4 unit investor recordBankCold Spring, MN72120$235K
National Bank of Commerce 1-4 unit investor recordBankSuperior, WI70111$175K
Alerus Financial, National Association 1-4 unit investor recordBankGrand Forks, ND6995$205K
Magnifi Financial Credit Union 1-4 unit investor recordCredit unionMelrose, MN6874$170K
U.S. Bank National Association 1-4 unit investor recordBankCincinnati, OH582,786$325K
The Loan Store, Inc 1-4 unit investor recordNon-bankTucson, AZ5711,868$275K
HomeTown Bank 1-4 unit investor recordBankCarver, MN5456$190K
Park State Bank 1-4 unit investor recordBankDuluth, MN5355$255K
Sunrise Banks, National Association 1-4 unit investor recordBankSioux Falls, SD5353$145K
HMDA,

See all 406 1-4 unit investor lenders in Minnesota in Loan Comps

  • Lenders made 6,266 1-4 unit investor or business-purpose loans in Minnesota in 2025. HMDA,
  • The five most active lenders made 14.4% of them. HMDA,
  • Non-banks made 37.6% of these loans in Minnesota. HMDA,
  • 151 lenders made 10 or more of these loans in Minnesota in 2025. HMDA,
  • 115 of these lenders are based in Minnesota, and the rest lend in from other states. HMDA,
  • Kiavi Funding, Inc. made 245 loans here, and United Wholesale Mortgage made 239. HMDA,
  • These lenders: 192 banks, 14 savings institutions, 43 credit unions and 157 non-bank lenders. HMDA,
  • Among these lenders, the median 1-4 unit investor loan nationally is $215K. HMDA,

How this list is defined

Measure
1-4 unit investor loans made in Minnesota
Period
2025
Formula
Count, by lender, of HMDA records for 1-4 unit loans that are non-owner-occupied or business purpose, placed in Minnesota in 2025. A lender is listed if it made at least one.
Order
Largest first by loans made in 2025, then name. Payment is not part of the order.
As of
2025
Source
HMDA
Changelog
  • : First published, with the data built on this date.

These are rental homes of up to four units, financed by the investor and not the person living there, including business-purpose loans.

HMDA reports these loans by lender and state, without dollars by state. It cannot tell a DSCR loan from a full-documentation investor loan.

Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out.

Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.