Minneapolis VA Loan Rates, Closing Costs & Stats

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI

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    • 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 144 lenders originated 3,098 VA loans during 2024. The total origination value was $1,195,750,000, with an average VA loan value of $385,975.

    Minneapolis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Minneapolis averaged 7.12% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Minneapolis's average VA mortgage closing costs are $6,294.

    The average rate for the prior week (2025-05-16) was 6.61% and one month ago for the week of 2025-04-18, the average rate was 6.58%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.86%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 399 5.98% $7,977
    Mortgage Research Center, LLC 380 6.40% $6,930
    FREEDOM MORTGAGE CORPORATION 150 6.15% $9,312
    PENNYMAC LOAN SERVICES, LLC 142 5.70% $7,954
    QUICKEN LOANS, LLC 140 6.03% $11,933
    CROSSCOUNTRY MORTGAGE, LLC 123 6.31% $7,173
    Bell Bank 106 6.31% $8,146
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 88 6.36% $7,849
    USAA Federal Savings Bank 75 6.08% $7,937
    NAVY FEDERAL CREDIT UNION 70 5.89% $7,735
    NEWREZ LLC 56 6.13% $8,634
    BROKER SOLUTIONS, INC. 55 6.52% $11,583
    Prosperity Home Mortgage, LLC 54 6.09% $9,752
    DHI MORTGAGE COMPANY, LTD. 51 5.17% $4,624
    EAGLE HOME MORTGAGE, LLC 43 5.89% $7,775
    GUARANTEED RATE, INC. 42 5.92% $5,760
    LOANDEPOT.COM, LLC 41 5.80% $9,278
    Tradition Mortgage, LLC 35 6.27% $8,614
    CMG MORTGAGE, INC. 34 6.20% $8,994
    The Federal Savings Bank 32 6.13% $15,934
    American Mortgage & Equity Consultants, Inc. 32 6.38% $12,378
    VILLAGE CAPITAL MORTGAGE 31 5.65% $7,337
    GUARANTEED RATE AFFINITY, LLC 26 6.38% $7,074
    Flagstar Bank, FSB 26 6.30% $9,057
    Mr. Cooper ( Nationstar Mortgage ) 23 6.28% $9,139
    M/I FINANCIAL, LLC 23 5.67% $11,861
    NEW DAY FINANCIAL, LLC 23 7.45% $13,489
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 21 6.30% $6,896
    LAKEVIEW LOAN SERVICING, LLC 20 5.74% $5,036
    PLANET HOME LENDING, LLC 19 5.77% $4,870
    BAY EQUITY LLC 18 6.38% $9,180
    MOVEMENT MORTGAGE, LLC 18 6.37% $7,925
    Waterstone Mortgage Corporation 17 6.51% $12,903
    GUILD MORTGAGE COMPANY 17 6.21% $10,973
    U.S. Bank 16 6.20% $8,903
    Plains Commerce Bank 15 6.13% $10,286
    PLAZA HOME MORTGAGE, INC. 15 6.24% $8,558
    First Federal Bank 14 5.71% $5,412
    PULTE MORTGAGE LLC 14 5.98% $10,470
    Granite Community Bank 13 6.36% $8,315
    UNION HOME MORTGAGE CORP. 13 6.50% $7,902
    Wells Fargo Bank 13 6.31% $9,305
    Servion, Inc. 12 6.25% $9,949
    EVERETT FINANCIAL, INC. 12 6.66% $9,515
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 6.29% $9,807
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 11 6.36% $9,009
    MUTUAL OF OMAHA MORTGAGE, INC. 11 6.13% $16,842
    Royal Credit Union 11 6.58% $8,829
    Alerus Financial 11 6.41% $7,582
    MASON MCDUFFIE MORTGAGE CORPORATION 10 6.01% $11,186
    Summit Mortgage Corporation 10 6.15% $7,642
    MEGASTAR FINANCIAL CORP. 10 6.00% $9,029
    AMERISAVE MORTGAGE CORPORATION 10 6.01% $20,308
    CARDINAL FINANCIAL 9 6.50% $19,974
    AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.60% $15,015
    Cambria Financial Group, LLC 9 6.24% $8,546
    NBKC BANK 9 5.88% $5,403
    JPMorgan Chase Bank 9 6.01% $5,479
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.62% $6,015
    Barrington Bank & Trust Company, N.A. 8 6.47% $8,313
    Carrington Mortgage Services, LLC 8 5.77% $13,341
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.22% $10,266
    Equity Prime Mortgage LLC 7 6.80% $7,234
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.55% $2,150
    SUN WEST MORTGAGE COMPANY, INC. 7 5.75% $8,461
    Ixonia Bank 7 6.57% $9,537
    Paramount Residential Mortgage Group, Inc. 7 6.43% $11,005
    Century Mortgage Company DBA Century Lending Company 6 5.73% $10,604
    PENTAGON FEDERAL CREDIT UNION 6 6.15% $8,036
    LOANPAL, LLC 5 5.53% $14,807
    Lakeview Community Capital, LLC 5 5.87% $5,539
    Armed Forces Bank 5 6.23% $8,182
    Magnolia Bank 5 5.63% $17,659
    PHH Mortgage Corporation 4 6.27% $6,221
    Sierra Pacific Mortgage Company, Inc. 4 6.06% $15,718
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.31% $12,487
    The Huntington National Bank 4 5.97% $11,413
    Bank Five Nine 4 5.87% $4,561
    Nations Lending Corporation 4 6.44% $6,415
    IOWA BANKERS MORTGAGE CORPORATION 3 6.17% $6,488
    Old National Bank 3 5.63% $8,575
    TOWNE MORTGAGE COMPANY 3 6.46% $8,914
    GSF Mortgage Corporation 3 6.17% $15,211
    GoPrime Mortgage, Inc. 3 6.42% $4,011
    SWBC MORTGAGE CORPORATION 3 6.29% $7,151
    Strong Home Mortgage, LLC 3 5.46% $13,977
    NATIONS DIRECT MORTGAGE, LLC 3 6.17% $9,717
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.75% $7,613
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 5.91% $11,033
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.08% $12,252
    AMERICAN FINANCIAL NETWORK, INC. 3 6.25% $8,874
    AXIA FINANCIAL, LLC 3 6.92% $7,260
    First International Bank & Trust 3 5.96% $8,808
    First Bank & Trust 3 6.17% $11,441
    Bank of America 2 6.69% $15,153
    LENOX FINANCIAL MORTGAGE CORPORATION 2 5.19% $1,356
    ALLIED MORTGAGE GROUP, INC. 2 5.75% $9,276
    NETWORK CAPITAL FUNDING CORPORATION 2 6.13% $13,971
    Northpointe Bank 2 6.13% $7,160
    The Loan Store, Inc. 2 6.38% $4,205
    Texana Bank 2 6.69% $12,527
    SIRVA MORTGAGE, INC. 2 6.94% $14,054
    MORTGAGE ACCESS CORP. 2 5.69% $9,746
    ZILLOW HOME LOANS, LLC 1 6.25% $16,614
    AFFINITY PLUS 1 6.38% $2,489
    ALAMEDA MORTGAGE CORPORATION 1 6.75% $29,640
    ALTRA 1 6.63% $1,182
    AMERICAN FINANCING CORPORATION 1 5.50% $9,153
    American National Bank 1 6.75% $4,090
    AmeriHome Mortgage Company, LLC 1 6.63% $2,347
    Ameris Bank 1 5.75% $6,680
    Arvest Bank 1 6.38% $3,629
    Associated Bank 1 6.13% $0
    Citizens Bank 1 6.50% $4,133
    CONTOUR MORTGAGE CORPORATION 1 6.25% $3,301
    First Bank 1 5.75% $13,660
    First Western Bank & Trust 1 5.63% $8,776
    Florida Capital Bank 1 5.25% $21,078
    Gate City Bank 1 5.00% $10,088
    Home Mortgage Alliance Corp 1 5.63% $10,775
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $2,329
    HomePromise Corporation 1 7.88% $24,896
    HOMESIDE FINANCIAL, LLC 1 5.75% $16,442
    HOMESTEAD FUNDING CORP. 1 5.75% $1,822
    LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $5,258
    Lincoln Savings Bank 1 5.75% $4,272
    Merchants Bank 1 6.78% $5,963
    Mid-Continent Funding, Inc. 1 5.25% $1,168
    MORTGAGEONE, INC. 1 8.00% $7,522
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.00% $11,526
    OPEN MORTGAGE, LLC 1 5.75% $5,450
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $10,655
    Paramount Bank 1 6.25% $3,290
    Park State Bank 1 6.00% $14,300
    PLUS RELOCATION MORTGAGE, LLC 1 5.63% $5,286
    PREMIA MORTGAGE, LLC 1 5.99% $4,899
    S1L, Inc. 1 6.75% $7,951
    Service Federal Credit Union 1 6.50% $2,074
    SFMC, LP 1 6.25% $6,243
    SUMMIT FUNDING, INC. 1 6.75% $23,416
    Sunflower Bank 1 6.38% $8,172
    UNITED MORTGAGE CORP 1 5.75% $14,261
    V.I.P. MORTGAGE, INC. 1 6.13% $2,716
    Academy Bank 1 6.25% $4,338

    The top Minneapolis VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 399 VA loans originated. Their average total fees are $7,977, which is $1,047 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Minneapolis VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($4,624), PLANET HOME LENDING, LLC ($4,870), LAKEVIEW LOAN SERVICING, LLC ($5,036), First Federal Bank ($5,412) and GUARANTEED RATE, INC. ($5,760).

    The lowest rate Minneapolis VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.17%), VILLAGE CAPITAL MORTGAGE (5.65%), M/I FINANCIAL, LLC (5.67%), PENNYMAC LOAN SERVICES, LLC (5.70%) and First Federal Bank (5.71%).

    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%) $474,443 (-5.1%) 1.14 10,340
    2019-06-01 $357,500 (-3.4%) $468,164 (-4.9%) 1.12 11,558
    2019-07-01 $351,950 (-2.7%) $463,634 (-3.4%) 1.10 11,800
    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 $345,850 (-1.2%) $457,522 (-1.5%) 1.13 10,682
    2019-12-01 $349,900 (-5.1%) $464,962 (-3.9%) 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%) $485,834 (2.4%) 1.12 9,211
    2020-06-01 $373,923 (4.6%) $494,300 (5.6%) 1.10 9,282
    2020-07-01 $369,900 (5.1%) $492,877 (6.3%) 1.07 8,757
    2020-08-01 $363,105 (4.6%) $486,793 (6.3%) 1.04 8,705
    2020-09-01 $356,456 (3.9%) $480,551 (5.6%) 1.02 8,553
    2020-10-01 $349,900 (2.9%) $466,799 (3.0%) 1.00 8,577
    2020-11-01 $348,738 (0.8%) $466,409 (1.9%) 1.02 7,293
    2020-12-01 $347,450 (-0.7%) $470,857 (1.3%) 1.03 5,844
    2021-01-01 $359,780 (-0.8%) $483,097 (0.2%) 1.07 4,701
    2021-02-01 $369,900 (-1.4%) $501,382 (0.6%) 1.08 4,324
    2021-03-01 $369,900 (-1.5%) $507,351 (1.6%) 1.05 4,497
    2021-04-01 $359,950 (-2.7%) $498,306 (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 (-1.6%) $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 (3.5%) $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 $417,995 (16.1%) $543,396 (9.1%) 1.00 4,062
    2022-05-01 $424,900 (16.4%) $544,730 (9.7%) 0.97 5,210
    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 $405,450 (15.8%) $530,598 (15.7%) 0.95 7,442
    2022-11-01 $399,900 (14.3%) $524,520 (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%) $594,684 (9.4%) 1.05 4,645
    2023-05-01 $459,935 (8.3%) $603,955 (10.9%) 1.04 5,100
    2023-06-01 $460,000 (8.9%) $609,960 (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 (6.4%) $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
    2024-01-01 $425,000 (1.4%) $583,354 (7.9%) 1.04 4,932
    2024-02-01 $434,400 (-0.1%) $597,961 (6.3%) 1.05 4,893
    2024-03-01 $444,990 (-1.4%) $605,876 (4.4%) 1.05 5,334
    2024-04-01 $449,450 (-0.1%) $615,039 (3.4%) 1.05 5,782
    2024-05-01 $457,500 (-0.5%) $630,452 (4.4%) 1.04 6,404
    2024-06-01 $449,990 (-2.2%) $613,400 (0.6%) 1.02 7,042
    2024-07-01 $449,300 (-2.5%) $608,493 (-0.8%) 1.03 7,380
    2024-08-01 $439,990 (-2.8%) $599,854 (0.8%) 1.02 7,876
    2024-09-01 $432,500 (-2.8%) $591,468 (1.7%) 1.02 8,262
    2024-10-01 $425,000 (-1.5%) $582,164 (2.0%) 1.00 8,334
    2024-11-01 $420,000 (-0.1%) $575,993 (1.4%) 1.01 7,787
    2024-12-01 $423,198 (0.7%) $578,128 (0.7%) 1.05 6,195
    2025-01-01 $425,000 (0.0%) $584,665 (0.2%) 1.06 5,367
    2025-02-01 $434,950 (0.1%) $607,472 (1.6%) 1.06 5,326
    2025-03-01 $445,900 (0.2%) $616,369 (1.7%) 1.05 5,874
    2025-04-01 $447,400 (-0.5%) $618,140 (0.5%) 1.04 6,295
    Minneapolis's median listing price for 2025-04-01 was $447,400, a difference of $-2,050 (-0.5%) versus the prior year and $1,500 versus the prior month.

    Minneapolis's median listing price comes in at 104% of the national average.

    Minneapolis's average listing price for 2025-04-01 was $618,140, a difference of $3,101 (0.5%) versus the prior year and $1,771 versus the prior month.

    For the 2025-04-01 period, Minneapolis had 6,295 MLS listings, a difference of 421 listings (7%) versus the prior month and 513 listings (9%) 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 2,205 sqft
    2019-07-01 38 days 2,179 sqft
    2019-08-01 40 days 2,155 sqft
    2019-09-01 43 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 1,957 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 1,920 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 2,172 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 1,952 sqft
    2023-01-01 59 days 1,947 sqft
    2023-02-01 48 days 1,972 sqft
    2023-03-01 38 days 2,026 sqft
    2023-04-01 37 days 2,051 sqft
    2023-05-01 31 days 2,090 sqft
    2023-06-01 31 days 2,136 sqft
    2023-07-01 36 days 2,154 sqft
    2023-08-01 37 days 2,130 sqft
    2023-09-01 36 days 2,088 sqft
    2023-10-01 38 days 2,052 sqft
    2023-11-01 44 days 2,016 sqft
    2023-12-01 55 days 1,983 sqft
    2024-01-01 57 days 1,963 sqft
    2024-02-01 37 days 1,965 sqft
    2024-03-01 34 days 2,007 sqft
    2024-04-01 35 days 2,049 sqft
    2024-05-01 29 days 2,090 sqft
    2024-06-01 33 days 2,076 sqft
    2024-07-01 37 days 2,066 sqft
    2024-08-01 37 days 2,051 sqft
    2024-09-01 40 days 2,028 sqft
    2024-10-01 41 days 1,998 sqft
    2024-11-01 46 days 1,972 sqft
    2024-12-01 59 days 1,957 sqft
    2025-01-01 59 days 1,947 sqft
    2025-02-01 41 days 1,957 sqft
    2025-03-01 33 days 1,989 sqft
    2025-04-01 33 days 2,005 sqft
    Minneapolis's median listing age (time on market) for 2025-04-01 was 33 days. This is -7% shorter than the same period one year ago.

    Minneapolis's median square footage for active listings during the 2025-04-01 period was 2,005 sqft. One year prior, the average listing was 2,049 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.