Minnesota Mortgage Rates & MN Homebuyer / Homeowner Resources
Minnesota is home to much more than thousands of lakes and beautiful views. In fact, Money Magazine recently crowned Plymouth the #1 best place to live in America.
And with the help of our federal, state and local government programs such as homebuyer education and downpayment assistance, first time home buyers and existing homeowners in Minnesota will be able to find a variety of mortgages and affordable housing options.
Whether you are looking for a reverse mortgage in Minneapolis, an FHA purchase loan in St. Paul, or a traditional fixed rate mortgage in Woodbury, we've gathered all the resources and information you need as a homebuyer or homeowner in Minnesota.
Obtain the Best Mortgage Rates in Minnesota
With an estimated median home price of $215,000, Minnesota homes can be quite attractive for home buyers looking for a bargain. Finding the right mortgage and financing can sweeten the offer for many.
We offer a service through the form to the right which allows up to four competing lenders to compete to offer you the best mortgage rates. Both the FDIC and the US Dept. of Housing & Urban Development (HUD) recommend shopping around and it's our free service to you - there's no obligation.
In addition to comparing interest rates and programs, contacting different mortgage lenders will help locate a mortgage lender you're most comfortable with.
Special Mortgage Options Available to Residents of Minnesota
In addition to FHA loans, VA loans, and agricultural loans, Minnesota offers a variety of local programs designed to help homeowners secure an affordable form of financing. For example, the Minnesota Housing Finance Agency offers to help various home buyers with low fixed interest rate mortgages, down payment and closing costs assistance, as well as additional incentives for first time home buyers.
Additionally, there's not one but two property tax refunds for homeowners in Minnesota. There is the Minnesota Regular Property Tax Refund and the Minnesota Special Property Tax Refund. Although homeowners must meet certain eligibility requirements, those who qualify can sometimes receive as much as a few thousand in the form of a refund. And even if you're a renter you may not be left out, as there is a Minnesota Renter's tax refund.
Extra Tools and Information for Minnesota Mortgages
While you're here, make use of our loan calculators which include a refinance calculator, a mortgage rate comparison calculator, and an amortization calculator & amortization chart. Existing homeowners can take advantage of the mortgage calculators on this site to evaluate the costs and possible savings of a mortgage refinance in Minnesota.
This site has also provided a number of links with specific information for Minnesota mortgages ranging from property tax information, first time home buyer loans, and foreclosure avoidance. We present the specific Minnesota mortgage and homeowner information below.
