Explore the latest mortgage rates in Minnesota for 2026. WiseIQ provides comprehensive data and insights on 30-year fixed, 15-year fixed, FHA, and VA loan options to help you secure the best financing for your home.
A 0.5% difference in mortgage rate on a $350,000 loan saves over $35,000 in interest over 30 years. Always get at least 3 quotes before choosing a lender.
Minnesota, known as the Land of 10,000 Lakes, has a population of 5.7M with a median household income of approximately $77,000. The current unemployment rate stands at 2.8%, which lenders consider when evaluating applications from Minnesota residents.
Major financial hub: Minneapolis is the primary financial center for Minnesota residents, with access to both national and regional lenders.
7.00%
6.19%
$498,257
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| Lender | Rate (30-Year Fixed) | APR (30-Year Fixed) | Monthly Payment | Action |
|---|---|---|---|---|
| Tomo Mortgage | 5.490% | 5.701% | $2,315 | Check Rates |
| Mutual of Omaha Mortgage | 5.490% | 5.719% | $2,314 | Check Rates |
| Sage Home Loans Corporation | 5.623% | 5.798% | $2,348 | Check Rates |
| Rocket Mortgage | 6.75% | 7.033% | $2,600 (est.) | Check Rates |
| U.S. Bank | 6.250% | 6.425% | $2,450 (est.) | Check Rates |
| Wells Fargo | 6.375% | 6.541% | $2,480 (est.) | Check Rates |
| Blaze Credit Union | 6.375% | 6.522% | $2,475 (est.) | Check Rates |
Assess your credit score, debt-to-income ratio, and down payment savings. Lenders will evaluate these factors to determine your eligibility and interest rate. A strong financial profile can lead to better terms.
Consider 30-year fixed, 15-year fixed, FHA, and VA loans. Each has unique benefits and requirements. Fixed-rate mortgages offer stable payments, while FHA and VA loans provide options for specific borrower groups with favorable terms.
Don't settle for the first offer. Obtain quotes from multiple lenders to compare interest rates, APRs, closing costs, and customer service. Even a small difference in interest rate can save you thousands over the life of the loan.
Minnesota's housing market can influence mortgage availability and rates. Stay informed about local trends, property values, and economic indicators to make an informed decision.