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 139 lenders originated 2,243 VA loans during 2023. The total origination value was $832,795,000, with an average VA loan value of $371,286.

    Minneapolis VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Minneapolis averaged 6.43% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Minneapolis's average VA mortgage closing costs are $6,100.

    The average rate for the prior week (2024-12-06) was 6.36% and one month ago for the week of 2024-11-08, the average rate was 6.36%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.66%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 314 6.64% $7,819
    UNITED WHOLESALE MORTGAGE, LLC 168 6.43% $8,221
    QUICKEN LOANS, LLC 102 6.12% $12,526
    Bell Bank 100 6.22% $8,426
    CROSSCOUNTRY MORTGAGE, LLC 89 6.57% $10,019
    Prosperity Home Mortgage, LLC 81 5.98% $10,287
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 76 6.67% $8,829
    PENNYMAC LOAN SERVICES, LLC 73 5.86% $8,051
    NAVY FEDERAL CREDIT UNION 71 5.85% $6,095
    FREEDOM MORTGAGE CORPORATION 61 6.44% $17,000
    LOANDEPOT.COM, LLC 61 6.17% $12,348
    USAA Federal Savings Bank 60 6.35% $8,568
    BROKER SOLUTIONS, INC. 43 6.65% $12,867
    DHI MORTGAGE COMPANY, LTD. 36 5.52% $5,602
    EAGLE HOME MORTGAGE, LLC 35 5.73% $6,363
    BAY EQUITY LLC 34 6.36% $10,410
    GUARANTEED RATE AFFINITY, LLC 33 6.30% $7,477
    GUARANTEED RATE, INC. 30 6.20% $8,530
    The Federal Savings Bank 29 6.35% $18,445
    American Mortgage & Equity Consultants, Inc. 24 6.71% $10,381
    Wells Fargo Bank 24 6.04% $6,457
    NEWREZ LLC 24 6.69% $7,771
    M/I FINANCIAL, LLC 24 5.50% $15,724
    NEW DAY FINANCIAL, LLC 23 7.51% $14,266
    EVERETT FINANCIAL, INC. 21 6.80% $10,031
    PLAZA HOME MORTGAGE, INC. 20 6.06% $10,808
    U.S. Bank 18 6.59% $10,323
    Tradition Mortgage, LLC 18 6.30% $10,117
    Northpointe Bank 17 6.34% $9,038
    Mr. Cooper ( Nationstar Mortgage ) 17 6.14% $15,651
    MOVEMENT MORTGAGE, LLC 17 6.29% $7,814
    Flagstar Bank, FSB 15 6.50% $7,342
    CMG MORTGAGE, INC. 14 6.39% $11,229
    MUTUAL OF OMAHA MORTGAGE, INC. 13 6.22% $17,721
    Servion, Inc. 12 6.97% $5,443
    Cambria Financial Group, LLC 12 6.26% $12,275
    CARDINAL FINANCIAL 12 6.48% $14,344
    PULTE MORTGAGE LLC 12 5.99% $9,206
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.56% $11,124
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 12 6.66% $9,575
    PENTAGON FEDERAL CREDIT UNION 11 5.60% $12,350
    Summit Mortgage Corporation 11 6.25% $11,333
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 10 6.14% $9,473
    Ixonia Bank 10 7.06% $14,595
    Barrington Bank & Trust Company, N.A. 10 6.40% $5,577
    Century Mortgage Company DBA Century Lending Company 9 6.26% $11,348
    NBKC BANK 8 5.84% $7,284
    Alerus Financial 8 6.59% $7,813
    Royal Credit Union 8 6.28% $8,337
    MEGASTAR FINANCIAL CORP. 8 6.64% $8,295
    Goldwater Bank, N.A. 7 5.86% $14,899
    Neighborhood Loans, Inc. 7 6.70% $12,003
    AXIA FINANCIAL, LLC 7 6.05% $11,003
    Paramount Residential Mortgage Group, Inc. 7 6.82% $11,079
    Waterstone Mortgage Corporation 6 6.77% $12,715
    Magnolia Bank 6 6.44% $19,994
    VILLAGE CAPITAL MORTGAGE 6 6.25% $6,634
    AMERISAVE MORTGAGE CORPORATION 6 5.75% $16,436
    SUN WEST MORTGAGE COMPANY, INC. 6 6.58% $10,695
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.27% $17,260
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.23% $7,520
    Equity Prime Mortgage LLC 5 6.43% $11,645
    LAKEVIEW LOAN SERVICING, LLC 5 5.88% $15,561
    The Huntington National Bank 5 6.70% $6,256
    AMERICAN FINANCIAL NETWORK, INC. 4 6.41% $7,896
    GUILD MORTGAGE COMPANY 4 6.81% $8,371
    JPMorgan Chase Bank 4 6.31% $13,007
    Mid-Continent Funding, Inc. 4 6.03% $8,864
    Bremer Bank 4 6.59% $16,495
    CALIBER HOME LOANS, INC. 4 6.00% $9,947
    Armed Forces Bank 4 6.25% $9,563
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 6.97% $12,396
    Mortgages Unlimited Inc. 4 6.13% $10,843
    HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.16% $8,581
    Citizens Bank 3 6.79% $7,963
    DRAPER AND KRAMER MORTGAGE CORP. 3 6.17% $12,092
    Nations Lending Corporation 3 7.50% $12,246
    Associated Bank 3 5.96% $4,198
    Bank of England 3 7.04% $9,211
    HOMESIDE FINANCIAL, LLC 3 7.42% $19,797
    SWBC MORTGAGE CORPORATION 3 6.54% $13,197
    Academy Bank 3 6.21% $10,034
    The Central Trust Bank 2 5.00% $17,608
    HOMESTEAD FUNDING CORP. 2 5.69% $10,521
    Lend Smart Mortgage, LLC 2 6.00% $9,080
    Merchants Bank 2 5.75% $10,289
    Farmers Bank & Trust 2 5.69% $6,023
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 7.12% $11,463
    Plains Commerce Bank 2 6.25% $6,512
    Sierra Pacific Mortgage Company, Inc. 2 7.38% $7,994
    BNC National Bank 2 5.25% $7,392
    AMERICAN FINANCING CORPORATION 2 6.00% $7,016
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.19% $8,911
    DATA MORTGAGE, INC. 1 7.13% $5,555
    North Shore Bank of Commerce 1 6.25% $14,666
    Old National Bank 1 6.88% $3,781
    CRESCENT MORTGAGE COMPANY 1 6.50% $5,493
    CORTRUST MORTGAGE, INC. 1 5.88% $10,219
    VERIDIAN CREDIT UNION 1 6.25% $3,358
    PHH Mortgage Corporation 1 6.13% $6,066
    AMCAP MORTGAGE, LTD. 1 6.25% $8,544
    PLANET HOME LENDING, LLC 1 5.00% $15,361
    First Savings Bank 1 5.75% $3,604
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $17,547
    MORTGAGEONE, INC. 1 6.63% $4,472
    CHERRY CREEK MORTGAGE, LLC 1 5.63% $1,370
    CASTLE & COOKE MORTGAGE, LLC 1 7.49% $7,866
    MILEND, INC. 1 7.13% $31,012
    Residential Mortgage Solutions, Inc. 1 7.00% $17,650
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $11,729
    RUOFF MORTGAGE COMPANY, INC. 1 7.25% $0
    SeaTrust Mortgage Company 1 5.63% $6,146
    Florida Capital Bank 1 6.13% $18,906
    ALTRA 1 6.75% $6,887
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $27,581
    ST. CLOUD FINANCIAL 1 7.25% $20,672
    Strong Home Mortgage, LLC 1 6.13% $9,205
    AFFINITY PLUS 1 7.75% $9,879
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.75% $15,034
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.38% $22,074
    MANN FINANCIAL INC. 1 6.63% $2,078
    GREENSTATE CREDIT UNION 1 5.63% $8,625
    ZILLOW HOME LOANS, LLC 1 5.63% $20,089
    The Loan Store, Inc. 1 6.13% $13,474
    THRIVE MORTGAGE, LLC 1 7.13% $3,364
    TOWNE MORTGAGE COMPANY 1 6.88% $4,087
    LOANPAL, LLC 1 5.25% $25,540
    GSF Mortgage Corporation 1 7.13% $9,029
    UNION HOME MORTGAGE CORP. 1 5.75% $3,641
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 7.13% $5,289
    West Gate Bank 1 5.38% $5,928
    LEADERONE FINANCIAL CORPORATION 1 6.13% $23,271
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 7.75% $4,859
    First International Bank & Trust 1 5.13% $22,805
    First Federal Bank 1 6.50% $10,786
    VALLEY MORTGAGE, INC. 1 5.63% $0
    ENVOY MORTGAGE, LTD 1 6.25% $17,086
    EMBRACE HOME LOANS, INC. 1 6.25% $5,064
    First National Bank of Omaha 1 6.13% $7,193

    The top Minneapolis VA lender as defined by loan originations is Mortgage Research Center, LLC, with 314 VA loans originated. Their average total fees are $7,819, which is $402 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Minneapolis VA lenders (with over 10 loans originated) are Servion, Inc. ($5,443), Barrington Bank & Trust Company, N.A. ($5,577), DHI MORTGAGE COMPANY, LTD. ($5,602), NAVY FEDERAL CREDIT UNION ($6,095) and EAGLE HOME MORTGAGE, LLC ($6,363).

    The lowest rate Minneapolis VA lenders (with over 10 loans originated) are M/I FINANCIAL, LLC (5.50%), DHI MORTGAGE COMPANY, LTD. (5.52%), PENTAGON FEDERAL CREDIT UNION (5.60%), EAGLE HOME MORTGAGE, LLC (5.73%) and NAVY FEDERAL CREDIT UNION (5.85%).

    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 $357,700 (-3.3%) $468,133 (-4.9%) 1.12 11,561
    2019-07-01 $351,950 (-2.7%) $463,626 (-3.4%) 1.10 11,801
    2019-08-01 $347,173 (-0.8%) $458,175 (-2.7%) 1.10 12,038
    2019-09-01 $343,082 (-2.0%) $455,244 (-2.2%) 1.10 12,194
    2019-10-01 $339,950 (-4.1%) $453,290 (-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 (4.5%) $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
    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 (3.5%) 1.05 5,782
    2024-05-01 $465,000 (1.1%) $640,629 (6.1%) 1.05 6,405
    2024-06-01 $460,000 (0.0%) $636,389 (4.3%) 1.03 7,044
    2024-07-01 $449,350 (-2.5%) $608,498 (-0.8%) 1.03 7,381
    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
    Minneapolis's median listing price for 2024-11-01 was $420,000, a difference of $-498 (-0.1%) versus the prior year and $-5,000 versus the prior month.

    Minneapolis's median listing price comes in at 101% of the national average.

    Minneapolis's average listing price for 2024-11-01 was $575,993, a difference of $8,005 (1.4%) versus the prior year and $-6,171 versus the prior month.

    For the 2024-11-01 period, Minneapolis had 7,787 MLS listings, a difference of -547 listings (-7%) versus the prior month and 864 listings (12%) 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 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 1,956 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
    2024-01-01 57 days 1,963 sqft
    2024-02-01 37 days 1,964 sqft
    2024-03-01 34 days 2,007 sqft
    2024-04-01 35 days 2,048 sqft
    2024-05-01 25 days 2,101 sqft
    2024-06-01 28 days 2,100 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
    Minneapolis's median listing age (time on market) for 2024-11-01 was 46 days. This is 5% longer than the same period one year ago.

    Minneapolis's median square footage for active listings during the 2024-11-01 period was 1,972 sqft. One year prior, the average listing was 2,016 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.