Minnesota homebuyers have plenty of housing options to choose from. Minnesota is just under 2.5 million housing units And according to the US Census Bureau, a homemade rate of about 72% 2018 American Community Survey.
Minnesota’s average housing price is $ 235,400, well above the national average price of $ 229,700. Housing prices are high in some areas of Minnesota, but there are many areas that offer lower price points.
US News conducted an in-depth review of major direct mortgage lenders. Research was based on program availability and customer satisfaction ratings. Because each consumer has different needs, the top finishers were chosen in several key areas.
What are mortgage rates in Minnesota?
House interest rates Range from 2.5% Service 3.75% In Minnesota.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
Rate of this week
Last week rate
|30-Year Fixed Rate Mortgage||3.01%||3.03%|
|15-Year Fixed Rate Mortgage||2.58%||2.56%|
|30-Year Fixed-Rate Jumbo Mortgage||3.03%||3.09%|
|5/1 Jumbo ARM||2.86%||2.87%|
* Rates up to October 28, 2020
US News’ Best Minnesota Mortgage Lenders
Methodology: US News conducted an in-depth review of major direct mortgage lenders in Minnesota. The research was based on program availability, customer satisfaction ratings, and qualification requirements. Because each consumer has different needs, the top finishers were chosen in several key areas.
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
- Minimum FICO Credit Score: 660
- Maximum loan amount: $ 1.5 million
- Better Business Bureau Rating: A +