Homeownership Interest Rates

Effective March 12, 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 Standard Program Income Limits Apply	HFA Preferred™		HFA Preferred™ Upfront Paid MI Insured
FANNIE MAE Standard Program Income Limits Apply	1.5% SRP*	2.5% SRP**	3.5% SRP*
Start Up: First Mortgage with or without Downpayment Loan	6.375	6.625	6.875
Step Up: Purchase or Refinance First Mortgage 30-Year Term with or without Downpayment Loan	6.500	6.750	7.000

FREDDIE MAC Standard Program Income Limits Apply	HFA Advantage®		HFA Advantage® Upfront Paid MI Insured
FREDDIE MAC Standard Program Income Limits Apply	1.5% SRP*	2.5% SRP*	3.5% SRP*
Start Up: First Mortgage with or without Downpayment Loan	6.375	6.625	6.875
Step Up: Purchase or Refinance First Mortgage 30-Year Term with or without Downpayment Loan	6.500	6.750	7.000

FHA/VA/RD** Standard Program Income Limits Apply	^{**RD loan product only available with 30-year term}
FHA/VA/RD** Standard Program Income Limits Apply	1.5% SRP*	2.5% SRP*
Start Up First Mortgage with or without Downpayment Loan	6.000	6.250
Step Up Purchase or Refinance First Mortgage 15-year Term with or without Monthly Payment Loan	5.375	NA
Step Up Purchase or Refinance First Mortgage 30-year Term with or without Monthly Payment Loan	6.125	6.375

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.