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Minnesota Housing Current Interest Rates*

Single Family Homes Division

As of 4:00 p.m. on Tuesday, June 30, 2009, interest rates for Minnesota Housing's Single Family First-Time Homebuyer programs are as follows: 

 Program

 Government Interest Rate

 Conventional Interest Rate

Discount Points

Minnesota Mortgage Program (MMP)

5.750%

N/A

0

Community Activity Set-Aside (CASA)

5.750%

6.000%

0


As of 3:00 p.m. on Tuesday, June 30, 2009, the interest rate for Minnesota Housing's Single Family Homeownership Opportunity Program (HOP) is as follows: 

 Program

 Interest Rate

Discount Points

Homeownership Opportunity Program (HOP)

6.375%

0



As of 8:00 a.m. on Friday, December 19, 2008, interest rates for Minnesota Housing's Single Family second mortgage programs are as follows:

 Program

 Interest Rate

 Discount Points

Fix-Up Fund (FUF)

 6.500%

 0

Community Fix-Up Fund (CFUF)-Regular

 6.250%

Contact Lending Partner 

Community Fix-Up Fund (CFUF)-Non-prime

 7.250%

Contact Lending Partner

 

Multifamily Division

As of 4:00 p.m. on Tuesday, June 30, 2009, the interest rate for Minnesota Housing's Multifamily Low and Moderate Income Rental (LMIR) Program is as follows: 

 Program

 Interest Rate

Term

Low and Moderate Income Rental (LMIR) Program

5.750%

30-Year Fixed


LMIR loans provided through the sale of tax exempt bonds are subject to market at time of bond sale.  Balloon financing may be available.


 

 *This is not an offer to enter into an interest rate agreement. Such an agreement may only be made pursuant to Minnesota Statutes Section 47.206, Subds. 3 and 4.