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Minnesota Housing Current Interest Rates*
Single Family Programs
As of 4:00 p.m. on Wednesday, September 1, 2010 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) | 3.750% | 4.125% | 0 |
| Affordable Advantage | N/A | 4.500% | 0 |
| Community Activity Set-Aside (CASA) | 4.250% | 4.625% | 0 |
Note: The Conventional Interest Rate incorporates the Fannie Mae/Freddie Mac Loan Level Pricing Adjustments and Adverse Market Delivery Fee. Lenders do not need to charge these fees to the borrower or seller. Lenders must originate all conventional insured or uninsured loans under either the MyCommunityMortgage® or Home Possible® loan product.
As of 2:00 p.m. on Tuesday, June 15, 2010 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) | 5.750% | 0 |
The following interest rates are for Minnesota Housing's Single Family Home Improvement programs.
As of 3:00 p.m. on Tuesday, November 24, 2009, second-lien interest rates are as follows:
| Program | Second-Lien Interest Rate | Discount Points |
| Fix-Up Fund (FUF) | 5.990% | 0 |
| Community Fix-Up Fund (CFUF)-Regular | 5.750% | Contact Lending Partner |
| Community Fix-Up Fund (CFUF)-Non-prime | 6.750% | Contact Lending Partner |
As of 10:30 a.m. on Monday, August 30, 2010, first-lien interest rates are as follows:
Program | First-Lien Interest Rate | Discount Points |
Fix-Up Fund (FUF) | 3.750% | 0 |
Community Fix-Up Fund (CFUF) | 3.750% | 0 |
Note: The combination of the interest rate and loan repayment term may not cause the annual percentage rate (APR) for the loan to exceed the first lien position rate noted above by more than 1.49%.
Multifamily Programs
As of 11:30 a.m. on Wednesday, November 18, 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 | 5.500% | 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.
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