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 208 lenders originated 9,646 VA loans during 2021. The total origination value was $2,926,550,000, with an average VA loan value of $303,395.

Minneapolis VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Minneapolis averaged 6.77% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Minneapolis's average VA mortgage closing costs are $5,419.

The average rate for the prior week (2022-11-25) was 6.81% and one month ago for the week of 2022-10-28, the average rate was 6.99%.

The average rate one year ago was 3.47%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.24%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 728 2.46% $4,769
Mortgage Research Center, LLC 701 2.82% $6,348
PENNYMAC LOAN SERVICES, LLC 570 2.38% $5,759
FREEDOM MORTGAGE CORPORATION 560 2.42% $2,776
Bell Bank 307 2.63% $6,396
UNITED WHOLESALE MORTGAGE, LLC 256 2.50% $5,461
CROSSCOUNTRY MORTGAGE, LLC 239 2.83% $7,862
LAKEVIEW LOAN SERVICING, LLC 225 2.48% $2,580
USAA Federal Savings Bank 215 2.82% $4,736
Wells Fargo Bank 215 2.50% $4,473
LOANDEPOT.COM, LLC 204 2.58% $5,414
NEW DAY FINANCIAL, LLC 189 2.76% $7,511
BROKER SOLUTIONS, INC. 170 2.68% $7,367
NAVY FEDERAL CREDIT UNION 151 2.50% $5,419
The Federal Savings Bank 133 2.55% $6,840
GUARANTEED RATE, INC. 131 2.58% $6,004
CALIBER HOME LOANS, INC. 130 2.57% $5,171
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 130 2.94% $6,226
Mr. Cooper ( Nationstar Mortgage ) 127 2.71% $4,291
Prosperity Home Mortgage, LLC 126 2.64% $7,091
HOME POINT FINANCIAL CORPORATION 109 2.46% $4,074
GUARANTEED RATE AFFINITY, LLC 105 2.61% $4,202
NEWREZ LLC 101 2.65% $4,101
Tradition Mortgage, LLC 93 2.61% $5,497
Alerus Financial 70 2.59% $5,469
AXIA FINANCIAL, LLC 69 2.68% $6,394
U.S. Bank 65 2.69% $5,256
BAY EQUITY LLC 65 2.83% $7,674
InterContinental Capital Group, Inc 63 2.35% $3,676
Barrington Bank & Trust Company, N.A. 62 2.62% $7,251
American Mortgage & Equity Consultants, Inc. 60 2.80% $7,292
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 59 3.08% $7,849
Goldwater Bank, N.A. 59 2.75% $9,125
ACCELERATE MORTGAGE, LLC 58 2.26% $5,570
Summit Mortgage Corporation 56 2.71% $5,950
First Guaranty Mortgage Corporation 55 2.47% $4,316
Flagstar Bank, FSB 49 2.58% $5,550
PLAZA HOME MORTGAGE, INC. 47 2.57% $6,517
Low VA Rates, LLC 46 2.33% $4,426
Servion, Inc. 45 2.84% $4,703
EAGLE HOME MORTGAGE, LLC 44 2.82% $5,793
AMERISAVE MORTGAGE CORPORATION 44 2.68% $6,194
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 44 2.61% $4,540
VILLAGE CAPITAL MORTGAGE 41 2.36% $2,937
MOVEMENT MORTGAGE, LLC 40 2.72% $5,147
AMERICAN FINANCIAL NETWORK, INC. 40 2.42% $9,042
PRIMELENDING, A PLAINSCAPITAL COMPANY 38 2.99% $8,109
CMG MORTGAGE, INC. 38 2.80% $8,402
Cambria Financial Group, LLC 37 2.62% $7,446
M/I FINANCIAL, LLC 36 2.55% $7,875
MEGASTAR FINANCIAL CORP. 36 2.59% $6,066
Mortgages Unlimited Inc. 36 2.88% $7,363
Lend Smart Mortgage, LLC 36 2.82% $5,816
KS StateBank 34 2.42% $4,510
SUN WEST MORTGAGE COMPANY, INC. 33 2.56% $4,526
NP, Inc. 32 2.37% $4,320
LEADERONE FINANCIAL CORPORATION 31 2.44% $5,083
RESULTS MORTGAGE, LLC 31 2.61% $5,766
Lake Area Bank 30 2.83% $8,361
NBKC BANK 29 2.45% $3,664
HOMEBRIDGE FINANCIAL SERVICES, INC. 29 2.46% $3,952
Carrington Mortgage Services, LLC 28 2.68% $5,765
Magnolia Bank 28 2.56% $7,545
Waterstone Mortgage Corporation 27 2.83% $9,068
DHI MORTGAGE COMPANY, LTD. 26 2.55% $4,265
HANCOCK MORTGAGE PARTNERS, LLC 23 2.88% $5,950
PENTAGON FEDERAL CREDIT UNION 23 2.38% $2,298
PLANET HOME LENDING, LLC 22 2.48% $2,070
Ixonia Bank 21 2.69% $5,020
Paramount Residential Mortgage Group, Inc. 21 3.05% $6,696
North American Savings Bank, F.S.B. 19 2.35% $3,648
PULTE MORTGAGE LLC 19 2.85% $4,958
Hometown Lenders, Inc. 18 3.17% $9,786
BNC National Bank 17 2.31% $2,227
MUTUAL OF OMAHA MORTGAGE, INC. 17 2.68% $6,303
GUARANTY HOME MORTGAGE CORPORATION 17 2.73% $7,404
ENVOY MORTGAGE, LTD 16 3.21% $6,961
EVERETT FINANCIAL, INC. 15 3.03% $6,230
First Federal Bank 15 2.81% $7,672
SOVEREIGN LENDING GROUP INCORPORATED 15 2.55% $6,203
AMERICAN PORTFOLIO MORTGAGE CORPORATION 15 2.58% $7,110
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 14 2.95% $4,740
Associated Bank 13 2.75% $3,771
Bank of England 13 2.79% $6,724
KELLER MORTGAGE, LLC 12 2.70% $8,348
GSF Mortgage Corporation 12 2.74% $9,355
UNION HOME MORTGAGE CORP. 11 2.49% $8,295
Wyndham Capital Mortgage, Inc. 10 2.46% $3,105
Plains Commerce Bank 10 2.54% $5,673
GUILD MORTGAGE COMPANY 10 2.85% $2,972
TJC Mortgage, Inc. 10 2.36% $4,332
Meridian Bank Corporation 9 2.44% $4,945
TCF National Bank 9 2.61% $3,079
Bremer Bank 9 3.06% $5,746
COMPASS MORTGAGE, INC. 8 2.39% $3,546
CLEARPATH LENDING 8 2.25% $3,343
AMERICAN FINANCING CORPORATION 8 2.66% $4,102
CHERRY CREEK MORTGAGE, LLC 7 2.55% $954
CRESCENT MORTGAGE COMPANY 7 2.79% $6,708
Old National Bank 7 2.52% $5,957
HOMEOWNERS FINANCIAL GROUP USA, LLC 7 2.89% $7,783
Strong Home Mortgage, LLC 6 2.23% $3,404
CONTOUR MORTGAGE CORPORATION 6 2.63% $10,059
MANN FINANCIAL INC. 6 2.94% $7,746
Armed Forces Bank 6 2.44% $7,515
First Bank & Trust 6 2.46% $6,121
Florida Capital Bank 5 2.43% $7,088
MID AMERICA MORTGAGE, INC. 5 2.73% $2,893
Merchants Bank 5 2.60% $5,647
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 2.38% $5,507
The Huntington National Bank 5 2.73% $8,369
First Savings Bank 5 2.88% $5,111
Sierra Pacific Mortgage Company, Inc. 5 2.93% $5,653
The Central Trust Bank 4 2.28% $2,447
HOMESIDE FINANCIAL, LLC 4 3.03% $4,854
HOMESTEAD FUNDING CORP. 4 2.31% $5,126
ZILLOW HOME LOANS, LLC 4 2.56% $12,151
BankVista 4 2.34% $2,290
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.19% $8,107
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 3.00% $6,603
Paramount Bank 4 2.50% $7,027
AmeriHome Mortgage Company, LLC 4 2.84% $1,281
Capital Bank 3 2.42% $13,575
Equity Prime Mortgage LLC 3 3.00% $1,690
EMBRACE HOME LOANS, INC. 3 2.42% $2,971
FINANCE OF AMERICA MORTGAGE LLC 3 2.58% $4,815
First Home Bank 3 2.42% $2,914
FLAT BRANCH MORTGAGE, INC. 3 2.25% $3,072
DATA MORTGAGE, INC. 3 2.58% $12,105
CORTRUST MORTGAGE, INC. 3 2.38% $6,723
IOWA BANKERS MORTGAGE CORPORATION 3 2.83% $11,469
Lakeview Community Capital, LLC 3 2.54% $2,647
Community First National Bank 3 2.50% $7,342
LENOX FINANCIAL MORTGAGE CORPORATION 3 2.50% $3,001
Liberty Bank Minnesota 3 2.67% $3,116
LOANPAL, LLC 3 2.42% $10,088
CHURCHILL MORTGAGE CORPORATION 3 2.33% $3,686
M&T Bank 3 2.67% $8,320
Nations Lending Corporation 3 2.88% $6,328
NBH Bank 3 2.75% $7,088
PHH Mortgage Corporation 3 2.79% $6,643
PREMIA MORTGAGE, LLC 3 2.50% $14,833
Prime Choice Funding Inc. 3 2.25% $3,090
Princeton Mortgage Corporation 3 2.46% $7,819
Sunflower Bank 3 2.41% $2,954
Stifel Bank and Trust 2 2.44% $5,468
First Western Bank & Trust 2 2.44% $6,297
Mid-Continent Funding, Inc. 2 2.63% $11,802
FirstBank 2 2.25% $1,193
Presidential Bank, FSB 2 2.75% $7,079
CELEBRITY HOME LOANS, LLC 2 3.06% $16,931
Willamette Valley Bank 2 3.00% $10,631
Texana Bank 2 2.81% $2,199
First PREMIER Bank 2 2.25% $2,683
OCEANSIDE MORTGAGE COMPANY 2 2.25% $596
Citizens Bank 2 2.94% $8,048
MORTGAGEONE, INC. 2 2.69% $3,647
TOWNE MORTGAGE COMPANY 2 2.68% $6,232
DRAPER AND KRAMER MORTGAGE CORP. 2 2.38% $1,901
Triumph Bank 2 2.25% $7,092
Truist 2 2.83% $844
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.50% $10,521
First Federal Bank of Kansas City 2 2.25% $2,017
DAS Acquisition Company, LLC 2 3.25% $13,190
UNITED SECURITY FINANCIAL CORP 2 2.31% $5,380
FIRST COMMUNITY MORTGAGE, INC. 2 2.81% $1,158
INLANTA MORTGAGE, INC. 2 2.94% $8,046
ST. CLOUD FINANCIAL 2 2.44% $5,647
American Bank of the North 2 2.56% $8,700
NATIONS DIRECT MORTGAGE, LLC 2 3.62% $7,277
BOKF 2 2.75% $3,087
EMM LOANS LLC 2 2.44% $11,239
STEARNS LENDING, LLC 2 2.50% $2,173
Northpointe Bank 2 2.25% $3,072
First International Bank & Trust 1 2.25% $21,615
United Fidelity Funding Corp. 1 2.50% $4,723
American National Bank 1 3.63% $7,131
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.25% $2,660
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.25% $3,883
FIRST STATE MORTGAGE SERVICES, LLC 1 2.75% $29,464
MILEND, INC. 1 2.75% $6,263
Mid Penn Bank 1 3.25% $7,396
Assurance Financial Group, L.L.C. 1 3.13% $12,463
MICHIGAN MUTUAL, INC. 1 3.75% $23,897
LOANFLIGHT LENDING, LLC 1 2.25% $1,058
PNC Bank 1 2.63% $18,606
POLARIS HOME FUNDING CORP. 1 2.75% $10,688
ALTRA 1 2.50% $1,206
LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $12,296
Arvest Bank 1 2.75% $2,306
First Bank 1 2.25% $2,610
Progress Bank and Trust 1 2.38% $8,454
IMPAC MORTGAGE CORP. 1 2.75% $1,362
HOMESTAR FINANCIAL CORPORATION 1 3.75% $5,625
RELIANCE FIRST CAPITAL, LLC 1 3.63% $13,954
Renasant Bank 1 3.13% $2,040
CORNERSTONE HOME LENDING, INC. 1 2.25% $7,464
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $3,261
ROYAL UNITED MORTGAGE LLC 1 3.38% $8,472
Anoka Hennepin Credit Union 1 2.63% $5,017
Flanagan State Bank 1 2.88% $1,253
Ameris Bank 1 2.63% $3,692
Evolve Bank & Trust 1 3.00% $4,184
North Shore Bank of Commerce 1 2.25% $2,262
T2 FINANCIAL LLC 1 3.25% $12,222
First State Bank of St. Charles, Missouri 1 2.38% $2,352
First National Bank of Omaha 1 2.75% $18,506
First Internet Bank of Indiana 1 2.50% $1,700

The top Minneapolis VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 728 VA loans originated. Their average total fees are $4,769, which is $1,579 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Minneapolis VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($2,070), BNC National Bank ($2,227), PENTAGON FEDERAL CREDIT UNION ($2,298), LAKEVIEW LOAN SERVICING, LLC ($2,580) and FREEDOM MORTGAGE CORPORATION ($2,776).

The lowest rate Minneapolis VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.26%), BNC National Bank (2.31%), Low VA Rates, LLC (2.33%), North American Savings Bank, F.S.B. (2.35%) and InterContinental Capital Group, Inc (2.35%).


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%) $496,424 (8.7%) 1.38 5,726
2018-02-01 $387,000 (8.9%) $516,052 (7.2%) 1.40 5,894
2018-03-01 $389,900 (8.3%) $516,304 (5.7%) 1.37 6,390
2018-04-01 $384,950 (7.8%) $512,449 (6.7%) 1.31 6,912
2018-05-01 $374,995 (6.8%) $500,111 (6.0%) 1.25 7,779
2018-06-01 $369,900 (6.5%) $492,044 (7.1%) 1.23 8,833
2018-07-01 $361,624 (6.4%) $479,657 (5.5%) 1.21 9,539
2018-08-01 $350,000 (6.1%) $470,701 (5.8%) 1.17 10,114
2018-09-01 $349,900 (4.5%) $465,370 (3.0%) 1.17 10,550
2018-10-01 $354,495 (4.4%) $472,962 (3.5%) 1.20 10,487
2018-11-01 $349,900 (0.0%) $464,434 (-0.1%) 1.19 9,575
2018-12-01 $368,500 (0.2%) $483,483 (0.6%) 1.27 7,909
2019-01-01 $380,829 (2.2%) $493,290 (-0.6%) 1.31 6,710
2019-02-01 $389,700 (0.7%) $505,870 (-2.0%) 1.32 6,536
2019-03-01 $382,739 (-1.8%) $496,771 (-3.8%) 1.25 7,508
2019-04-01 $371,545 (-3.5%) $481,667 (-6.0%) 1.18 9,055
2019-05-01 $364,497 (-2.8%) $474,359 (-5.2%) 1.14 10,352
2019-06-01 $357,250 (-3.4%) $468,040 (-4.9%) 1.12 11,574
2019-07-01 $351,925 (-2.7%) $463,506 (-3.4%) 1.10 11,818
2019-08-01 $347,173 (-0.8%) $458,049 (-2.7%) 1.10 12,054
2019-09-01 $343,082 (-2.0%) $455,120 (-2.2%) 1.10 12,211
2019-10-01 $339,950 (-4.1%) $453,167 (-4.2%) 1.10 12,202
2019-11-01 $345,250 (-1.3%) $457,236 (-1.6%) 1.13 10,700
2019-12-01 $349,900 (-5.1%) $464,897 (-3.8%) 1.17 8,504
2020-01-01 $362,450 (-4.8%) $481,795 (-2.3%) 1.21 7,401
2020-02-01 $375,000 (-3.8%) $498,085 (-1.5%) 1.23 7,420
2020-03-01 $375,368 (-1.9%) $499,260 (0.5%) 1.18 8,127
2020-04-01 $369,900 (-0.4%) $484,080 (0.5%) 1.16 8,476
2020-05-01 $369,945 (1.5%) $485,631 (2.4%) 1.12 9,231
2020-06-01 $373,745 (4.6%) $494,069 (5.6%) 1.10 9,301
2020-07-01 $369,894 (5.1%) $492,645 (6.3%) 1.07 8,775
2020-08-01 $362,800 (4.5%) $486,555 (6.2%) 1.04 8,724
2020-09-01 $355,550 (3.6%) $480,344 (5.5%) 1.02 8,574
2020-10-01 $349,900 (2.9%) $466,783 (3.0%) 1.00 8,598
2020-11-01 $348,400 (0.9%) $466,420 (2.0%) 1.02 7,313
2020-12-01 $347,450 (-0.7%) $470,818 (1.3%) 1.03 5,865
2021-01-01 $357,680 (-1.3%) $483,160 (0.3%) 1.07 4,721
2021-02-01 $369,900 (-1.4%) $501,054 (0.6%) 1.08 4,344
2021-03-01 $369,900 (-1.5%) $507,220 (1.6%) 1.05 4,517
2021-04-01 $359,950 (-2.7%) $498,265 (2.9%) 0.97 4,829
2021-05-01 $364,870 (-1.4%) $496,338 (2.2%) 0.97 5,120
2021-06-01 $365,000 (-2.3%) $488,205 (-1.2%) 0.96 6,127
2021-07-01 $364,900 (-1.4%) $475,583 (-3.5%) 0.96 6,825
2021-08-01 $359,088 (-1.0%) $468,741 (-3.7%) 0.96 7,429
2021-09-01 $350,000 (-1.6%) $460,217 (-4.2%) 0.93 7,854
2021-10-01 $350,000 (0.0%) $458,380 (-1.8%) 0.93 7,644
2021-11-01 $350,000 (0.5%) $457,281 (-2.0%) 0.93 6,616
2021-12-01 $357,400 (2.9%) $463,111 (-1.6%) 0.97 5,119
2022-01-01 $371,114 (3.8%) $484,494 (0.3%) 1.00 3,959
2022-02-01 $399,450 (8.0%) $520,654 (3.9%) 1.04 3,414
2022-03-01 $414,600 (12.1%) $538,940 (6.3%) 1.04 3,740
2022-04-01 $417,475 (16.0%) $543,097 (9.0%) 1.00 4,080
2022-05-01 $424,325 (16.3%) $544,499 (9.7%) 0.97 5,225
2022-06-01 $421,400 (15.5%) $547,421 (12.1%) 0.94 6,088
2022-07-01 $423,600 (16.1%) $547,714 (15.2%) 0.96 6,968
2022-08-01 $419,928 (16.9%) $544,474 (16.2%) 0.97 7,075
2022-09-01 $411,333 (17.5%) $538,701 (17.1%) 0.96 7,249
2022-10-01 $405,000 (15.7%) $530,409 (15.7%) 0.95 7,462
2022-11-01 $399,900 (14.3%) $524,274 (14.7%) 0.96 6,996
Minneapolis's median listing price for 2022-11-01 was $399,900, a difference of $49,900 (14.3%) versus the prior year and $-5,100 versus the prior month.

Minneapolis's median listing price comes in at 96% of the national average.

Minneapolis's average listing price for 2022-11-01 was $524,274, a difference of $66,993 (14.7%) versus the prior year and $-6,135 versus the prior month.

For the 2022-11-01 period, Minneapolis had 6,996 MLS listings, a difference of -466 listings (-6%) versus the prior month and 380 listings (6%) 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 72 days 2,318 sqft
2018-02-01 51 days 2,380 sqft
2018-03-01 41 days 2,404 sqft
2018-04-01 42 days 2,383 sqft
2018-05-01 38 days 2,352 sqft
2018-06-01 37 days 2,331 sqft
2018-07-01 39 days 2,279 sqft
2018-08-01 40 days 2,242 sqft
2018-09-01 43 days 2,206 sqft
2018-10-01 43 days 2,218 sqft
2018-11-01 52 days 2,182 sqft
2018-12-01 65 days 2,218 sqft
2019-01-01 71 days 2,251 sqft
2019-02-01 59 days 2,280 sqft
2019-03-01 44 days 2,263 sqft
2019-04-01 37 days 2,231 sqft
2019-05-01 33 days 2,214 sqft
2019-06-01 36 days 2,204 sqft
2019-07-01 39 days 2,178 sqft
2019-08-01 41 days 2,155 sqft
2019-09-01 44 days 2,133 sqft
2019-10-01 46 days 2,112 sqft
2019-11-01 57 days 2,108 sqft
2019-12-01 74 days 2,115 sqft
2020-01-01 67 days 2,130 sqft
2020-02-01 46 days 2,182 sqft
2020-03-01 35 days 2,196 sqft
2020-04-01 38 days 2,165 sqft
2020-05-01 42 days 2,157 sqft
2020-06-01 41 days 2,158 sqft
2020-07-01 40 days 2,113 sqft
2020-08-01 37 days 2,074 sqft
2020-09-01 37 days 2,006 sqft
2020-10-01 38 days 1,956 sqft
2020-11-01 46 days 1,918 sqft
2020-12-01 55 days 1,885 sqft
2021-01-01 57 days 1,866 sqft
2021-02-01 40 days 1,867 sqft
2021-03-01 33 days 1,900 sqft
2021-04-01 30 days 1,899 sqft
2021-05-01 30 days 1,900 sqft
2021-06-01 29 days 1,921 sqft
2021-07-01 30 days 1,917 sqft
2021-08-01 31 days 1,904 sqft
2021-09-01 34 days 1,880 sqft
2021-10-01 37 days 1,860 sqft
2021-11-01 43 days 1,821 sqft
2021-12-01 51 days 1,818 sqft
2022-01-01 58 days 1,824 sqft
2022-02-01 34 days 2,171 sqft
2022-03-01 30 days 2,206 sqft
2022-04-01 29 days 2,259 sqft
2022-05-01 25 days 2,003 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 2,006 sqft
2022-10-01 39 days 2,000 sqft
2022-11-01 46 days 1,965 sqft
Minneapolis's median listing age (time on market) for 2022-11-01 was 46 days. This is 7% longer than the same period one year ago.

Minneapolis's median square footage for active listings during the 2022-11-01 period was 1,965 sqft. One year prior, the average listing was 1,821 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.