Who has the best mortgage rates in Minnesota?
I’m looking for a primary, single-family home in for , and credit score.
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders with low rates in MN
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only a few lenders likely to get you a good deal.
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Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders in MN likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 49 lenders and found that these lenders are likely to offer you a high rate.
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Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson TrueRate Data ScientistLenders with average rates in MN
You deserve better than what these lenders historically provide.
Sorry, no lenders were found.
Methodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernan Tomo Mortgage Loan Advisor - NMLS #337556TrueRate report
See how mortgage companies got home buyers to over-pay by billions.
Get the reportMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Minnesota is making a case for homebuyers
If you’re considering a move to the Land of 10,000 Lakes, now may be the ideal time to make that dream a reality.
Minneapolis and St. Paul, the vibrant Twin Cities, offer a unique blend of culture, parks, and a strong sense of community. Minneapolis boasts trendy neighborhoods like North Loop and Lyn-Lake, where you’ll find art galleries, craft breweries, and exceptional dining options. St. Paul, on the other hand, offers a charming mix of historic architecture and family-friendly spots like Grand Avenue. Despite the growth in these cities, there are still plenty of affordable homes available, particularly if you’re willing to explore beyond the main attractions.
But Minnesota isn’t all about urban living. If you’re seeking a more relaxed pace, consider towns like Rochester or Duluth. Rochester is renowned for its world-class healthcare facilities, making it a great option for families and professionals alike. Duluth, with its breathtaking views of Lake Superior, offers a combination of outdoor activities and small-town charm, perfect for those seeking a slower pace of life.
First-time buyers in Minnesota will also find a variety of programs designed to help with down payments and loan options, easing the path to homeownership.
With improving interest rates and a blend of dynamic city life and peaceful suburban living, Minnesota presents a great opportunity to plant your roots. Whether you’re drawn to the excitement of the Twin Cities or the serene beauty of the state’s lakes and woods, the North Star State has something for everyone.