Homeownership Interest Rates

Effective July 10, 2026, at 10:00 a.m.
Interest rates are subject to change at any time without advance notice.

Mortgage Loan Program Interest Information for Lenders

Review the Lock, Fee, and Service Release Premium (SRP) Guide for more information.

For use by Minnesota Housing Participating Lenders. Not intended for consumers.

FANNIE MAE HFA Preferred™ Standard Program Income Limits Apply	1.5% SRP	2.5% SRP (No Orig. Fee)	3.5% SRP UFMIP
Start Up: 30 year First Mortgage with or without Downpayment Loan	6.750	7.000	7.250
Step Up: Purchase or Refinance 20, 25 and 30 Year First Mortgage with or without Downpayment Loan	6.875	7.125	7.375
Step Up: Purchase or Refinance 15 Year First Mortgage with or without Downpayment Loan	6.250	6.500	6.750

FREDDIE MAC HFA Advantage® Standard Program Income Limits Apply	1.5% SRP	2.5% SRP (Zero Orig. Fee)	3.5% SRP UFMIP
Start Up: 30 year First Mortgage with or without Downpayment Loan	6.750	7.000	7.250
Step Up: Purchase or Refinance 20, 25 and 30 Year First Mortgage with or without Monthly Payment Loan	6.875	7.125	7.375
Step Up: Purchase or Refinance 15 Year First Mortgage with or without Monthly Payment Loan	6.250	6.500	6.750

FHA/VA/RD Standard Program Income Limits Apply RD loan product only available with 30-year term	1.5% SRP	2.5% SRP (Zero Orig. Fee)
Start Up 30 year First Mortgage with or without Downpayment Loan	6.375	6.625
Step Up Purchase or Refinance 20, 25 or 30-year First Mortgage with or without Monthly Payment Loan	6.500	6.750
Step Up Purchase or Refinance 15-year First Mortgage with or without Monthly Payment Loan	5.875	6.125

SRP Options Detail

1.5% SRP

• Lender may charge either a 1% origination fee or a 1% discount point in accordance with industry standard mortgage regulations

• Lender receives a 1.5% SRP (less any hold fees or extension fees) from the servicer

2.5% SRP

• Lender cannot charge an origination fee or discount point.

• Lender receives a 2.5% SRP (less any hold fees or extension fees) from the servicer

3.5% SRP Upfront Paid Mortgage Insurance (UPMI)

See Examples

• Lender may charge either a 1% origination fee or a 1% discount point

• Lender receives a 3.5% SRP (less any hold fees or extension fees) from the servicer

• Lender retains no more than 1.5% SRP as lender compensation

• If structured as -single pay BPMI (or split premium), 2.0% SRP must be applied at closing as a lender credit.

• If structured as single pay LPMI (or split premium), and the cost is less than 2.0%, the difference must be applied at closing as a lender credit. See examples for further clarification.

• MI costs above 2% and charged to the borrower may not be labeled as a “Minnesota Housing” or “mortgage revenue bond” fee and should be disclosed per industry standard requirements.

In connection with Single Family Division loan programs, Minnesota Housing does not make or arrange loans. It is neither an originator nor creditor and is not affiliated with any Lender. The terms of any mortgage finance transactions conducted in connection with these programs, including important information such as loan fees, the annual percentage rate (APR), repayment conditions, disclosures, and any other materials which are required to be provided to the consumer are the responsibility of the Lender.