Minnesota Mortgage Rates (2026)
Current average mortgage rates, median home prices, and top lenders in Minnesota. Rates apply to primary residence purchases with good credit (740+).
30yr Fixed
7.04%
Avg APR
15yr Fixed
6.44%
Avg APR
Median Price
$330,000
Median home
Monthly P&I
$1,760
30yr at 80% LTV
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Top Mortgage Lenders in Minnesota
1
Get RateRocket Mortgage
Online convenience
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
2
Get RateChase
Existing customers
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
3
Get RateWells Fargo
Branch access
30yr Fixed
7.1%
15yr Fixed
6.5%
Min Down
3%
4
Get RateBank of America
Preferred Rewards
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
5
Get RateloanDepot
Low down payment
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
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First-Time Buyer Programs in Minnesota
- ✓MN Housing Start Up
- ✓MN Housing Step Up
- ✓MN Housing DPA Loan
Mortgage Requirements in Minnesota
- •Min 640 credit score for MN Housing programs
- •Income limits apply
- •Complete framework homebuyer course
Minnesota Housing Market Facts
Twin Cities metro accounts for 60%+ of Minnesota home sales.
MN Housing offers mortgages at below-market rates for income-eligible buyers.
Cold climate increases energy costs and maintenance expenses.
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