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VA Mortgage Rates in Minnesota

Updated: October 26, 2020

Search Rates

Displaying rates for Mortgage Refinance in MN for $200,000

2.789%

APR
30 Year Fixed
2.750% Rate $817/mo
  • Updated October 26, 2020
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
PRODUCTS RATES +/-
30 Year Fixed 2.71%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Monday, October 26, 2020

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Mortgage rates for Minnesota go down to 2.71%

Monday, October 26, 2020

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 2.71%. That dropped from 3.00% to 2.71%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Minnesota is now at 4.56%.

VA Mortgage Rates & Loan Limits in Minnesota

A VA mortgage loan is a home loan guaranteed by Veteran Affairs, available to certain members of the military. This initiative was designed to smooth the transition of military members from service to homeownership by making mortgage loans more affordable and accessible for veterans. For military-affiliated homebuyers in Minnesota, VA loans can be an excellent option; VA loans have many advantages over other loan programs, such as no required down payment or mortgage insurance, lenient credit requirements, and no prepayment penalties.

While VA mortgage rates are relatively low compared to other loan programs, it is always wise to compare rates and shop around before committing to a mortgage. Check out our main page on VA mortgage rates for more information.

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