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Directory of mortgage brokers in Otsego, Minnesota. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Otsego, MN
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Minnesota before hiring.
Showing 2 mortgage brokers in Otsego, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
The Bank of Elk River - Otsego Office
15800 88th St NE, Otsego, MN 55330
7634417700
Edge Home Finance - Craig Meeker
16201 90th St NE Suite 200A, Otsego, MN 55330
6123823383
Mortgage brokers in Otsego Minnesota help home buyers and refinancing homeowners find suitable loan products. Minnesota law requires all mortgage brokers to be licensed through the Minnesota Department of Commerce. Brokers can assist with conventional FHA VA and USDA loans for properties in Wright County and the surrounding area.
What Does a Mortgage Broker in Otsego Cost?
Mortgage broker fees in Minnesota typically range from 1% to 2% of the loan amount. For a $300,000 loan this means $3,000 to $6,000 in broker compensation. Some brokers charge a flat fee instead of a percentage. Costs vary by loan type and borrower situation. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What license does a mortgage broker need in Minnesota?
A mortgage broker in Minnesota must hold a valid license from the Minnesota Department of Commerce. This includes passing a background check and completing pre-licensing education. The license must be renewed annually.
How do I choose a mortgage broker in Otsego?
Look for a broker with experience in Wright County and verify their license on the Minnesota Department of Commerce website. Ask about their loan product options and fee structure before starting an application.
Are there Minnesota specific rules for mortgage broker fees?
Yes Minnesota law requires mortgage brokers to provide a Loan Estimate within three business days of application. This document must clearly list all fees including origination charges and third party costs. Brokers cannot charge hidden fees.
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Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Minnesota.