--- title: 1-4 Unit Investor Lenders in Minnesota: 406 Made Loans in 2025 url: https://lender.report/investor-1-4-lenders/minnesota/ license: https://lender.report/license/ --- 1-4 Unit Investor ยท 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, 2025 **Investor loans, 2025** 6,266 HMDA, 2025 1-4 units or business purpose **Based in the state** 115 HMDA, 2025 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. ## Describe a deal in Minnesota See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show 1-4 unit investor loans in Minnesota](https://lender.report/comps/?lane=investor_1to4&state=MN)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans in state | Loans nationwide | Typical loan | | --- | --- | --- | --- | --- | --- | | [Kiavi Funding, Inc.](https://lender.report/lender/kiavi-funding-ca/) [1-4 unit investor record](https://lender.report/lender/kiavi-funding-ca/investor-1-4/) | Non-bank | San Francisco, CA | 245 | 25,518 | $215K | | [United Wholesale Mortgage](https://lender.report/lender/united-wholesale-mortgage-mi/) [1-4 unit investor record](https://lender.report/lender/united-wholesale-mortgage-mi/investor-1-4/) | Non-bank | Pontiac, MI | 239 | 31,218 | $205K | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [1-4 unit investor record](https://lender.report/lender/bell-bank-nd/investor-1-4/) | Bank | Fargo, ND | 150 | 359 | $235K | | [Bridgewater Bank](https://lender.report/lender/bridgewater-bank-mn/) [1-4 unit investor record](https://lender.report/lender/bridgewater-bank-mn/investor-1-4/) | Bank | Saint Louis Park, MN | 149 | 160 | $225K | | [Trustone Financial Credit Union](https://lender.report/lender/trustone-financial-credit-union-mn/) [1-4 unit investor record](https://lender.report/lender/trustone-financial-credit-union-mn/investor-1-4/) | Credit union | Plymouth, MN | 121 | 173 | $135K | | [Frandsen Bank & Trust](https://lender.report/lender/frandsen-bank-and-trust-mn/) [1-4 unit investor record](https://lender.report/lender/frandsen-bank-and-trust-mn/investor-1-4/) | Bank | Lonsdale, MN | 112 | 149 | $195K | | [Rocket Mortgage](https://lender.report/lender/rocket-mortgage-mi/) [1-4 unit investor record](https://lender.report/lender/rocket-mortgage-mi/investor-1-4/) | Non-bank | Detroit, MI | 112 | 13,753 | $215K | | [Pennymac Loan Services LLC](https://lender.report/lender/pennymac-loan-services-ca/) [1-4 unit investor record](https://lender.report/lender/pennymac-loan-services-ca/investor-1-4/) | Non-bank | Westlake Village, CA | 103 | 6,372 | $335K | | [Crosscountry Mortgage, LLC](https://lender.report/lender/crosscountry-mortgage-oh/) [1-4 unit investor record](https://lender.report/lender/crosscountry-mortgage-oh/investor-1-4/) | Non-bank | Cleveland, OH | 102 | 10,082 | $265K | | [Coulee Bank](https://lender.report/lender/coulee-bank-wi/) [1-4 unit investor record](https://lender.report/lender/coulee-bank-wi/investor-1-4/) | Bank | La Crosse, WI | 95 | 100 | $205K | | [Luminate Bank](https://lender.report/lender/luminate-bank-mn/) [1-4 unit investor record](https://lender.report/lender/luminate-bank-mn/investor-1-4/) | Bank | Minneapolis, MN | 82 | 615 | $255K | | [Merchants Bank, National Association](https://lender.report/lender/merchants-bank-mn/) [1-4 unit investor record](https://lender.report/lender/merchants-bank-mn/investor-1-4/) | Bank | Winona, MN | 81 | 114 | $155K | | [Lennar Mortgage, LLC](https://lender.report/lender/lennar-mortgage-fl/) | Non-bank | Miami, FL | 79 | 6,134 | $235K | | [RF Renovo Management Company, LLC](https://lender.report/lender/rf-renovo-management-il/) [1-4 unit investor record](https://lender.report/lender/rf-renovo-management-il/investor-1-4/) | Non-bank | Chicago, IL | 79 | 5,969 | $245K | | [Royal Credit Union](https://lender.report/lender/royal-credit-union-wi/) [1-4 unit investor record](https://lender.report/lender/royal-credit-union-wi/investor-1-4/) | Credit union | Eau Claire, WI | 77 | 212 | $155K | | [Old National Bank](https://lender.report/lender/old-national-bank-in/) [1-4 unit investor record](https://lender.report/lender/old-national-bank-in/investor-1-4/) | Bank | Evansville, IN | 76 | 506 | $185K | | [Granite Bank](https://lender.report/lender/granite-bank-mn/) [1-4 unit investor record](https://lender.report/lender/granite-bank-mn/investor-1-4/) | Bank | Cold Spring, MN | 72 | 120 | $235K | | [National Bank of Commerce](https://lender.report/lender/national-bank-of-commerce-wi/) [1-4 unit investor record](https://lender.report/lender/national-bank-of-commerce-wi/investor-1-4/) | Bank | Superior, WI | 70 | 111 | $175K | | [Alerus Financial, National Association](https://lender.report/lender/alerus-financial-nd/) [1-4 unit investor record](https://lender.report/lender/alerus-financial-nd/investor-1-4/) | Bank | Grand Forks, ND | 69 | 95 | $205K | | [Magnifi Financial Credit Union](https://lender.report/lender/magnifi-financial-credit-union-mn/) [1-4 unit investor record](https://lender.report/lender/magnifi-financial-credit-union-mn/investor-1-4/) | Credit union | Melrose, MN | 68 | 74 | $170K | | [U.S. Bank National Association](https://lender.report/lender/u-s-bank-oh/) [1-4 unit investor record](https://lender.report/lender/u-s-bank-oh/investor-1-4/) | Bank | Cincinnati, OH | 58 | 2,786 | $325K | | [The Loan Store, Inc](https://lender.report/lender/loan-store-az/) [1-4 unit investor record](https://lender.report/lender/loan-store-az/investor-1-4/) | Non-bank | Tucson, AZ | 57 | 11,868 | $275K | | [HomeTown Bank](https://lender.report/lender/hometown-bank-mn/) [1-4 unit investor record](https://lender.report/lender/hometown-bank-mn/investor-1-4/) | Bank | Carver, MN | 54 | 56 | $190K | | [Park State Bank](https://lender.report/lender/park-state-bank-mn/) [1-4 unit investor record](https://lender.report/lender/park-state-bank-mn/investor-1-4/) | Bank | Duluth, MN | 53 | 55 | $255K | | [Sunrise Banks, National Association](https://lender.report/lender/sunrise-banks-sd/) [1-4 unit investor record](https://lender.report/lender/sunrise-banks-sd/investor-1-4/) | Bank | Sioux Falls, SD | 53 | 53 | $145K | HMDA, 2025 [See all 406 1-4 unit investor lenders in Minnesota in Loan Comps](https://lender.report/comps/?lane=investor_1to4&state=MN) - Lenders made 6,266 1-4 unit investor or business-purpose loans in Minnesota in 2025. HMDA, 2025 - The five most active lenders made 14.4% of them. HMDA, 2025 - Non-banks made 37.6% of these loans in Minnesota. HMDA, 2025 - 151 lenders made 10 or more of these loans in Minnesota in 2025. HMDA, 2025 - 115 of these lenders are based in Minnesota, and the rest lend in from other states. HMDA, 2025 - Kiavi Funding, Inc. made 245 loans here, and United Wholesale Mortgage made 239. HMDA, 2025 - These lenders: 192 banks, 14 savings institutions, 43 credit unions and 157 non-bank lenders. HMDA, 2025 - Among these lenders, the median 1-4 unit investor loan nationally is $215K. HMDA, 2025 ## 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](https://ffiec.cfpb.gov/data-browser/) **Changelog** November 12, 2026: 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](https://lender.report/report/) 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.