Today's Refinance Rates4.7%5.0% APR Fixed Mortgage

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  • 4.8 out of 5
  • Google Reviews
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  • FDIC Bank founded in 1919
  • Refinance to get cash out up to 90% LTV
  • Loans Close in 30 Days
  • BBB A+, Top 20 in US
  • FHA, VA, Conventional and Bank Statement loans
  • NMLS 423028 Equal Housing lender

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  • 3.7 out of 5
  • TrustPilot
    4302 Verified Reviews
  • Providing Affordable Mortgages and Award-Winning Client Service for Over 30 yrs.
  • Highest in Customer Satisfaction in the US - J.D. Power

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  • 4.9 out of 5
  • Google Reviews
    84 Verified Reviews
  • FHA, VA, Conventional, USDA Loans
  • Competitive Mortgage Rates & Low Costs
  • Licensed Mortgage Bankers in 50 states
  • Home Equity & Debt Consolidation Options
  • Zero Closing Cost Options!

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  • 4.6 out of 5
  • TrustPilot
    19619 Verified Reviews
  • Highest In Customer Satisfaction
  • #1 Mortgage Lender Volume
  • Multiple Refinance Options
  • Fortune 100 Best Company
  • eClosing Reduces Hassle

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  • 4.9 out of 5
  • 1645 Verified Reviews
  • Veteran-Owned and Operated Business, We Understand VA Needs
  • Federally Chartered Bank Focused Primarily in Home Lending
  • We Offer Customized Solutions for our Customers Unique Needs

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  • 4.5 out of 5
  • TrustPilot
    675 Verified Reviews
  • View Best Rates & Costs
  • INC 500 Award 5x
  • BBB A+ Rating, Est. 2009
  • NMLS Licensed, Nationwide
  • Conventional, VA, FHA, USDA, Harp
  • Home Equity & Cash Out Options
  • Zero Point Options!

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  • Home Equity Lines of Credit
  • Home Equity Loans
  • Many Options to Choose
  • BBB A+
  • Alternative Cash Out

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Minnesota Mortgage Rates

If embracing nature, affordable small-town living, and a thriving artist community are things you value in a community, then buying a home in Minnesota could be a perfect option for you.
Those homes might even come in at a great price once you factor in the mortgage rates in Minnesota. Let’s take a closer look at what it means to buy a home in the Land of 1,000 Lakes.

Common Minnesota Loan Types:

  • Minnesota conventional mortgages: Minnesota mortgage requirements and rates vary based on the area you live in, or want to live in, and your financial situation. Compare mortgage rates on FreeRateUpdate.com to find the option that's right for you.
  • Minnesota FHA loans: Home loans backed by the FHA are offered throughout the U.S. The FHA doesn't offer loans directly, you can find one through an FHA-approved lender in Minnesota on FreeRateUpdate.com today. FHA loans are typically offered to first-time homebuyers. FHA loans are designed for low- to moderate-income borrowers with lower credit scores.
  • Minnesota VA loans: VA loans are backed by the Department of Veterans Affairs; VA loans are offered to eligible active duty service members and veterans. The VA doesn't offer loans directly, but you can find one through a VA-approved lender in Minnesota through FreeRateUpdate.com. VA loans require no down payment and typically have lower interest rates than conventional mortgages.

Minnesota Mortgage Rates Compared to National Averages

Minnesota mortgage rates typically run right around the national averages, although they can rise slightly above those averages from time to time. This tends to hold true for 30-year fixed-rate mortgages, as well as 15-year fixed-rate mortgages and 5/1 adjustable-rate mortgages.
Current homeowners in the Gopher State will find that Minnesota refinance rates also fall right in line with the national averages.