Minneapolis VA Loan Rates, Closing Costs & Stats

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Minneapolis's 170 lenders originated 3,550 VA loans during 2022. The total origination value was $1,265,090,000, with an average VA loan value of $356,363.

Minneapolis VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Minneapolis averaged -0.07% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Minneapolis's average VA mortgage closing costs are $5,857.

The average rate for the prior week (2024-02-16) was 6.41% and one month ago for the week of 2024-01-19, the average rate was 6.26%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.11%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Minneapolis VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Minneapolis level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 452 5.03% $8,676
UNITED WHOLESALE MORTGAGE, LLC 216 4.60% $9,480
QUICKEN LOANS, LLC 183 3.98% $11,632
CROSSCOUNTRY MORTGAGE, LLC 156 4.82% $10,144
PENNYMAC LOAN SERVICES, LLC 134 3.39% $8,239
Bell Bank 124 4.84% $8,183
FREEDOM MORTGAGE CORPORATION 119 4.14% $10,737
NAVY FEDERAL CREDIT UNION 101 4.05% $8,084
LOANDEPOT.COM, LLC 96 4.11% $10,642
USAA Federal Savings Bank 94 4.42% $10,540
Prosperity Home Mortgage, LLC 81 4.59% $9,572
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 81 5.21% $8,735
BROKER SOLUTIONS, INC. 79 5.12% $11,831
NEW DAY FINANCIAL, LLC 64 5.09% $12,201
GUARANTEED RATE, INC. 60 4.58% $9,858
The Federal Savings Bank 57 4.53% $14,301
Wells Fargo Bank 47 4.58% $5,821
Flagstar Bank, FSB 44 4.12% $7,007
GUARANTEED RATE AFFINITY, LLC 42 4.32% $7,347
Goldwater Bank, N.A. 41 4.82% $11,894
AMERISAVE MORTGAGE CORPORATION 39 4.57% $12,334
EVERETT FINANCIAL, INC. 38 4.86% $6,602
EAGLE HOME MORTGAGE, LLC 36 4.85% $5,220
Mr. Cooper ( Nationstar Mortgage ) 35 4.43% $10,152
DHI MORTGAGE COMPANY, LTD. 35 4.16% $6,240
Tradition Mortgage, LLC 35 4.62% $8,759
BAY EQUITY LLC 34 4.93% $13,333
American Mortgage & Equity Consultants, Inc. 33 4.34% $9,163
CARDINAL FINANCIAL 28 4.72% $10,674
HOME POINT FINANCIAL CORPORATION 26 3.99% $10,353
M/I FINANCIAL, LLC 24 4.56% $11,477
RESULTS MORTGAGE, LLC 24 4.55% $9,037
CALIBER HOME LOANS, INC. 24 4.89% $10,434
Servion, Inc. 23 4.79% $8,453
Summit Mortgage Corporation 23 4.50% $8,845
Northpointe Bank 22 4.64% $9,022
LAKEVIEW LOAN SERVICING, LLC 22 3.72% $6,895
MOVEMENT MORTGAGE, LLC 22 4.76% $9,485
CMG MORTGAGE, INC. 22 4.78% $8,421
PULTE MORTGAGE LLC 21 4.73% $7,495
Alerus Financial 21 4.72% $8,416
PLAZA HOME MORTGAGE, INC. 20 4.44% $9,689
Barrington Bank & Trust Company, N.A. 20 4.64% $9,175
U.S. Bank 20 4.50% $7,024
NEWREZ LLC 20 4.00% $9,019
Royal Credit Union 19 4.10% $10,964
MEGASTAR FINANCIAL CORP. 16 4.43% $9,814
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 4.68% $8,355
Waterstone Mortgage Corporation 15 4.98% $15,939
MUTUAL OF OMAHA MORTGAGE, INC. 15 4.04% $11,268
Armed Forces Bank 14 3.83% $6,417
Lend Smart Mortgage, LLC 14 4.18% $14,126
Mortgages Unlimited Inc. 14 4.52% $12,250
Cambria Financial Group, LLC 13 4.39% $9,009
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 12 5.31% $6,572
Paramount Residential Mortgage Group, Inc. 12 4.89% $16,885
AXIA FINANCIAL, LLC 12 4.55% $13,049
PENTAGON FEDERAL CREDIT UNION 11 3.58% $5,573
Magnolia Bank 10 4.84% $14,552
The Huntington National Bank 10 4.74% $8,073
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 10 4.09% $9,620
Ixonia Bank 9 4.74% $12,288
Hometown Lenders, Inc. 9 5.42% $15,392
ENVOY MORTGAGE, LTD 9 5.08% $7,851
VILLAGE CAPITAL MORTGAGE 9 4.31% $13,620
NBKC BANK 8 3.03% $12,186
AMERICAN FINANCING CORPORATION 8 3.53% $5,847
Sunflower Bank 7 3.62% $8,732
CRESCENT MORTGAGE COMPANY 7 4.95% $9,417
ALAMEDA MORTGAGE CORPORATION 6 5.89% $12,169
North American Savings Bank, F.S.B. 6 3.73% $11,163
UNION HOME MORTGAGE CORP. 6 4.23% $15,329
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 4.33% $10,698
Bank of England 5 4.80% $13,534
BNC National Bank 5 4.05% $11,367
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 4.75% $7,449
Wyndham Capital Mortgage, Inc. 5 3.95% $7,017
KELLER MORTGAGE, LLC 5 4.55% $7,040
Low VA Rates, LLC 5 4.50% $11,227
NP, Inc. 4 2.28% $5,706
AMERICAN PORTFOLIO MORTGAGE CORPORATION 4 4.00% $8,307
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 4.75% $12,608
GUARANTY HOME MORTGAGE CORPORATION 4 4.44% $10,117
AMERICAN PACIFIC MORTGAGE CORPORATION 4 4.69% $11,776
Carrington Mortgage Services, LLC 4 3.28% $6,779
PLANET HOME LENDING, LLC 4 4.90% $9,362
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 5.19% $14,221
CHERRY CREEK MORTGAGE, LLC 4 4.81% $7,587
Academy Bank 3 4.88% $4,677
Bremer Bank 3 4.50% $9,521
Century Mortgage Company DBA Century Lending Company 3 5.88% $9,294
Community First National Bank 3 4.25% $8,114
COMPASS MORTGAGE, INC. 3 4.42% $10,712
M&T Bank 3 3.42% $6,184
NETWORK CAPITAL FUNDING CORPORATION 3 5.00% $11,145
Old National Bank 3 4.17% $15,159
PREMIA MORTGAGE, LLC 3 4.96% $13,631
Strong Home Mortgage, LLC 3 2.75% $5,124
Texana Bank 3 4.58% $14,835
HANCOCK MORTGAGE PARTNERS, LLC 2 3.81% $7,510
SOVEREIGN LENDING GROUP INCORPORATED 2 4.63% $12,146
AFFINITY PLUS 2 5.44% $3,753
First Internet Bank of Indiana 2 4.44% $6,414
DATA MORTGAGE, INC. 2 5.56% $12,826
SUN WEST MORTGAGE COMPANY, INC. 2 3.90% $10,231
INLANTA MORTGAGE, INC. 2 5.56% $11,329
POLARIS HOME FUNDING CORP. 2 6.25% $9,730
HOMESIDE FINANCIAL, LLC 2 6.00% $12,434
GSF Mortgage Corporation 2 4.25% $17,870
First Federal Bank 2 5.50% $11,286
First Bank & Trust 2 3.94% $8,016
FINANCE OF AMERICA MORTGAGE LLC 2 3.50% $3,650
Equity Prime Mortgage LLC 2 7.00% $9,134
Gateway First Bank 2 6.19% $16,551
LADERA LENDING, INC. 2 3.25% $3,330
Associated Bank 2 5.88% $14,977
Florida Capital Bank 2 3.44% $10,258
LOANFLIGHT LENDING, LLC 2 2.69% $4,582
Merchants Bank 2 5.09% $5,044
HOMESTEAD FUNDING CORP. 2 3.94% $2,121
LENOX FINANCIAL MORTGAGE CORPORATION 2 3.81% $12,862
Lakeview Community Capital, LLC 2 3.19% $5,066
Sierra Pacific Mortgage Company, Inc. 2 4.13% $4,649
EMBRACE HOME LOANS, INC. 1 3.38% $10,730
ROYAL UNITED MORTGAGE LLC 1 3.75% $22,149
S1L, Inc. 1 3.50% $6,313
Service Federal Credit Union 1 4.38% $3,003
DRAPER AND KRAMER MORTGAGE CORP. 1 5.75% $12,910
SIRVA MORTGAGE, INC. 1 5.63% $6,066
DEVELOPER'S MORTGAGE COMPANY 1 5.88% $4,439
ZILLOW HOME LOANS, LLC 1 4.63% $16,518
The Central Trust Bank 1 4.63% $23,059
CORTRUST MORTGAGE, INC. 1 6.25% $22,163
Cornerstone First Mortgage, Inc 1 2.50% $16,475
TJC Mortgage, Inc. 1 4.75% $8,024
TOWNE MORTGAGE COMPANY 1 2.75% $5,007
Commerce Home Mortgage, Inc. 1 3.25% $7,956
Truist 1 4.70% $6,945
CLEARPATH LENDING 1 2.75% $5,280
Citizens Bank 1 4.88% $6,172
CHURCHILL MORTGAGE CORPORATION 1 3.75% $2,813
CHARTER WEST BANK 1 5.25% $3,279
LOANPAL, LLC 1 3.00% $6,176
Loan Simple, Inc. 1 3.75% $6,183
LEADERONE FINANCIAL CORPORATION 1 4.25% $16,506
LAND HOME FINANCIAL SERVICES, INC. 1 5.13% $19,744
MANN FINANCIAL INC. 1 3.63% $11,068
Meridian Bank Corporation 1 4.38% $13,639
JPMorgan Chase Bank 1 4.99% $5,375
INTERCOASTAL MORTGAGE COMPANY 1 2.75% $4,409
INLAND BANK & TRUST 1 5.25% $7,403
Centennial Bank 1 5.50% $15,725
NATIONS DIRECT MORTGAGE, LLC 1 7.25% $6,154
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.00% $14,215
HomePromise Corporation 1 5.63% $35,046
Neighborhood Loans, Inc. 1 6.38% $29,441
CAPITAL CREDIT UNION 1 4.38% $18,409
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.50% $10,411
NFM, INC. 1 5.25% $3,625
GUILD MORTGAGE COMPANY 1 5.50% $8,663
OCEANSIDE MORTGAGE COMPANY 1 2.75% $5,750
First Western Bank & Trust 1 5.75% $9,757
First Savings Bank 1 5.13% $3,704
Peoples Bank 1 4.88% $6,468
PHH Mortgage Corporation 1 4.50% $4,971
First Guaranty Mortgage Corporation 1 3.25% $4,724
Ameris Bank 1 3.00% $15,422
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $6,122
RELIANCE FIRST CAPITAL, LLC 1 5.75% $11,834
Encompass Lending Group, LP 1 3.88% $7,685

The top Minneapolis VA lender as defined by loan originations is Mortgage Research Center, LLC, with 452 VA loans originated. Their average total fees are $8,676, which is $804 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Minneapolis VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($5,220), PENTAGON FEDERAL CREDIT UNION ($5,573), Wells Fargo Bank ($5,821), DHI MORTGAGE COMPANY, LTD. ($6,240) and Armed Forces Bank ($6,417).

The lowest rate Minneapolis VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.39%), PENTAGON FEDERAL CREDIT UNION (3.58%), LAKEVIEW LOAN SERVICING, LLC (3.72%), Armed Forces Bank (3.83%) and QUICKEN LOANS, LLC (3.98%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Minneapolis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $372,500 (11.4%) $496,423 (8.7%) 1.38 5,726
2018-02-01 $387,000 (8.9%) $516,058 (7.2%) 1.41 5,893
2018-03-01 $389,900 (8.3%) $516,496 (5.8%) 1.37 6,389
2018-04-01 $384,950 (7.8%) $512,453 (6.7%) 1.31 6,911
2018-05-01 $374,995 (6.9%) $500,089 (6.0%) 1.25 7,779
2018-06-01 $369,900 (6.5%) $492,041 (7.1%) 1.23 8,833
2018-07-01 $361,700 (6.4%) $479,689 (5.5%) 1.21 9,538
2018-08-01 $350,000 (6.1%) $470,751 (5.9%) 1.17 10,113
2018-09-01 $349,900 (4.5%) $465,387 (3.0%) 1.18 10,549
2018-10-01 $354,495 (4.4%) $472,994 (3.5%) 1.20 10,486
2018-11-01 $349,900 (0.0%) $464,458 (-0.1%) 1.19 9,574
2018-12-01 $368,667 (0.3%) $483,557 (0.6%) 1.27 7,907
2019-01-01 $380,929 (2.3%) $493,333 (-0.6%) 1.32 6,709
2019-02-01 $389,700 (0.7%) $505,898 (-2.0%) 1.32 6,535
2019-03-01 $382,894 (-1.8%) $496,813 (-3.8%) 1.25 7,505
2019-04-01 $371,726 (-3.4%) $481,715 (-6.0%) 1.18 9,049
2019-05-01 $364,500 (-2.8%) $474,441 (-5.1%) 1.14 10,340
2019-06-01 $357,500 (-3.4%) $468,139 (-4.9%) 1.12 11,560
2019-07-01 $351,950 (-2.7%) $463,632 (-3.4%) 1.10 11,801
2019-08-01 $347,173 (-0.8%) $458,179 (-2.7%) 1.10 12,038
2019-09-01 $343,082 (-2.0%) $455,246 (-2.2%) 1.10 12,194
2019-10-01 $339,950 (-4.1%) $453,291 (-4.2%) 1.10 12,185
2019-11-01 $345,900 (-1.1%) $457,522 (-1.5%) 1.13 10,683
2019-12-01 $349,900 (-5.1%) $464,979 (-3.8%) 1.17 8,485
2020-01-01 $362,518 (-4.8%) $481,918 (-2.3%) 1.21 7,382
2020-02-01 $375,000 (-3.8%) $498,243 (-1.5%) 1.23 7,401
2020-03-01 $375,450 (-1.9%) $499,407 (0.5%) 1.18 8,108
2020-04-01 $369,900 (-0.5%) $484,185 (0.5%) 1.16 8,456
2020-05-01 $369,990 (1.5%) $485,863 (2.4%) 1.12 9,212
2020-06-01 $373,883 (4.6%) $494,287 (5.6%) 1.10 9,282
2020-07-01 $369,900 (5.1%) $492,865 (6.3%) 1.07 8,757
2020-08-01 $363,000 (4.6%) $486,771 (6.2%) 1.04 8,706
2020-09-01 $356,330 (3.9%) $480,528 (5.6%) 1.02 8,554
2020-10-01 $349,900 (2.9%) $466,776 (3.0%) 1.00 8,578
2020-11-01 $348,738 (0.8%) $466,409 (1.9%) 1.02 7,293
2020-12-01 $347,450 (-0.7%) $470,820 (1.3%) 1.03 5,845
2021-01-01 $359,735 (-0.8%) $483,064 (0.2%) 1.07 4,702
2021-02-01 $369,900 (-1.4%) $501,344 (0.6%) 1.08 4,325
2021-03-01 $369,900 (-1.5%) $507,313 (1.6%) 1.05 4,498
2021-04-01 $359,950 (-2.7%) $498,289 (2.9%) 0.97 4,810
2021-05-01 $364,900 (-1.4%) $496,373 (2.2%) 0.97 5,103
2021-06-01 $365,000 (-2.4%) $488,216 (-1.2%) 0.96 6,110
2021-07-01 $364,900 (-1.4%) $475,498 (-3.5%) 0.96 6,811
2021-08-01 $359,753 (-0.9%) $468,737 (-3.7%) 0.96 7,416
2021-09-01 $350,825 (-1.5%) $460,229 (-4.2%) 0.94 7,840
2021-10-01 $350,000 (0.0%) $458,431 (-1.8%) 0.93 7,629
2021-11-01 $350,000 (0.4%) $457,302 (-2.0%) 0.94 6,600
2021-12-01 $357,400 (2.9%) $463,180 (-1.6%) 0.97 5,103
2022-01-01 $372,500 (3.6%) $484,674 (0.3%) 1.01 3,941
2022-02-01 $399,643 (8.0%) $520,193 (3.8%) 1.04 3,396
2022-03-01 $415,677 (12.4%) $539,037 (6.3%) 1.04 3,722
2022-04-01 $418,000 (16.1%) $543,451 (9.1%) 1.00 4,062
2022-05-01 $424,900 (16.4%) $544,780 (9.8%) 0.97 5,209
2022-06-01 $422,400 (15.7%) $547,605 (12.2%) 0.94 6,072
2022-07-01 $424,900 (16.4%) $547,772 (15.2%) 0.96 6,951
2022-08-01 $419,978 (16.7%) $544,659 (16.2%) 0.97 7,057
2022-09-01 $413,445 (17.9%) $538,784 (17.1%) 0.97 7,230
2022-10-01 $405,900 (16.0%) $530,609 (15.7%) 0.96 7,442
2022-11-01 $399,900 (14.3%) $524,529 (14.7%) 0.96 6,977
2022-12-01 $400,000 (11.9%) $532,190 (14.9%) 0.99 5,592
2023-01-01 $419,083 (12.5%) $540,600 (11.5%) 1.04 4,628
2023-02-01 $434,995 (8.9%) $562,629 (8.2%) 1.05 4,204
2023-03-01 $451,400 (8.6%) $580,262 (7.7%) 1.06 4,292
2023-04-01 $450,000 (7.7%) $594,539 (9.4%) 1.05 4,644
2023-05-01 $459,913 (8.2%) $603,832 (10.8%) 1.04 5,099
2023-06-01 $460,000 (8.9%) $609,965 (11.4%) 1.03 5,785
2023-07-01 $461,000 (8.5%) $613,087 (11.9%) 1.05 6,060
2023-08-01 $452,495 (7.7%) $594,950 (9.2%) 1.04 6,275
2023-09-01 $445,000 (7.6%) $581,868 (8.0%) 1.04 6,970
2023-10-01 $431,470 (6.3%) $570,780 (7.6%) 1.02 7,155
2023-11-01 $420,498 (5.2%) $567,988 (8.3%) 1.00 6,923
2023-12-01 $420,380 (5.1%) $573,902 (7.8%) 1.03 5,736
Minneapolis's median listing price for 2023-12-01 was $420,380, a difference of $20,380 (5.1%) versus the prior year and $-118 versus the prior month.

Minneapolis's median listing price comes in at 103% of the national average.

Minneapolis's average listing price for 2023-12-01 was $573,902, a difference of $41,712 (7.8%) versus the prior year and $5,914 versus the prior month.

For the 2023-12-01 period, Minneapolis had 5,736 MLS listings, a difference of -1,187 listings (-17%) versus the prior month and 144 listings (3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Minneapolis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 70 days 2,319 sqft
2018-02-01 48 days 2,380 sqft
2018-03-01 38 days 2,405 sqft
2018-04-01 40 days 2,383 sqft
2018-05-01 37 days 2,351 sqft
2018-06-01 36 days 2,330 sqft
2018-07-01 38 days 2,278 sqft
2018-08-01 39 days 2,242 sqft
2018-09-01 43 days 2,206 sqft
2018-10-01 42 days 2,218 sqft
2018-11-01 51 days 2,182 sqft
2018-12-01 64 days 2,218 sqft
2019-01-01 68 days 2,250 sqft
2019-02-01 55 days 2,280 sqft
2019-03-01 44 days 2,264 sqft
2019-04-01 36 days 2,232 sqft
2019-05-01 32 days 2,214 sqft
2019-06-01 35 days 2,204 sqft
2019-07-01 38 days 2,178 sqft
2019-08-01 40 days 2,155 sqft
2019-09-01 42 days 2,133 sqft
2019-10-01 45 days 2,112 sqft
2019-11-01 57 days 2,109 sqft
2019-12-01 71 days 2,116 sqft
2020-01-01 65 days 2,131 sqft
2020-02-01 44 days 2,182 sqft
2020-03-01 33 days 2,197 sqft
2020-04-01 37 days 2,168 sqft
2020-05-01 40 days 2,157 sqft
2020-06-01 39 days 2,159 sqft
2020-07-01 39 days 2,113 sqft
2020-08-01 36 days 2,076 sqft
2020-09-01 36 days 2,007 sqft
2020-10-01 37 days 1,956 sqft
2020-11-01 45 days 1,918 sqft
2020-12-01 54 days 1,885 sqft
2021-01-01 54 days 1,866 sqft
2021-02-01 39 days 1,868 sqft
2021-03-01 31 days 1,900 sqft
2021-04-01 29 days 1,900 sqft
2021-05-01 30 days 1,900 sqft
2021-06-01 29 days 1,921 sqft
2021-07-01 30 days 1,918 sqft
2021-08-01 31 days 1,903 sqft
2021-09-01 33 days 1,880 sqft
2021-10-01 37 days 1,860 sqft
2021-11-01 42 days 1,821 sqft
2021-12-01 50 days 1,818 sqft
2022-01-01 57 days 1,824 sqft
2022-02-01 33 days 2,171 sqft
2022-03-01 29 days 2,205 sqft
2022-04-01 29 days 2,260 sqft
2022-05-01 24 days 2,004 sqft
2022-06-01 29 days 2,019 sqft
2022-07-01 32 days 2,040 sqft
2022-08-01 37 days 2,027 sqft
2022-09-01 41 days 2,007 sqft
2022-10-01 39 days 2,000 sqft
2022-11-01 46 days 1,965 sqft
2022-12-01 57 days 1,953 sqft
2023-01-01 59 days 1,947 sqft
2023-02-01 48 days 1,972 sqft
2023-03-01 38 days 2,025 sqft
2023-04-01 37 days 2,049 sqft
2023-05-01 31 days 2,089 sqft
2023-06-01 31 days 2,136 sqft
2023-07-01 36 days 2,153 sqft
2023-08-01 37 days 2,130 sqft
2023-09-01 36 days 2,088 sqft
2023-10-01 38 days 2,051 sqft
2023-11-01 44 days 2,016 sqft
2023-12-01 55 days 1,983 sqft
Minneapolis's median listing age (time on market) for 2023-12-01 was 55 days. This is -4% shorter than the same period one year ago.

Minneapolis's median square footage for active listings during the 2023-12-01 period was 1,983 sqft. One year prior, the average listing was 1,953 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.