Interest Rates for Multifamily Products and Programs

 

Low and Moderate Income Rental (LMIR) Program

Rates as of 3/31/2018

Term and Amortization (Years)

  30/30 35/35 40/40
New Construction 4.69%* 4.74%* 4.79%*
Substantial Rehabilitation 4.69%* 4.74%* N/A
Refinance 4.49%* 4.54%* N/A
*Plus HUD MIP

LMIR Bridge

LMIR bridge loans provided through the sale of tax exempt bonds are subject to market rates at time of bond sale.

MAP

Subject to market rates.
 
NOTE: Rates are subject to change at Minnesota Housing’s sole discretion.