Current Mortgage Rates in Carver, Minnesota

Compare mortgage rates and fees for leading lenders in Carver, MN. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Carver.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Carver. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Carver, MN as of September 18, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Carver, MN Mortgage Rates Compare?

September 18, 2020

The current average rate for a 30 year fixed rate mortgage in Carver is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Carver, MN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Carver, Minnesota?

Below we provide helpful information on the real estate market, home prices and housing affordability in Carver. Understand how much you need to earn to afford a home in Carver, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Carver fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Carver is right for you.

The median home value for Carver, MN is $356,504

Based on current mortgage rates and a 10% down payment, you need to make $64,161 per year to buy the median priced home in Carver

With this income, you could qualify for a $320,854 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Carver is $1,486

The median household income for Carver, MN is $98,182

Based on this income, you can afford a home valued at approximately $545,533

The home price you can afford to buy based on household income in Carver is 153% of the median home value which means housing prices are average. Carver ranks 79 out of 87 counties in Minnesota and 2,481 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Carver, MN is average


Loan Limits for Carver, Minnesota

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Carver below.

Conforming loan limits for Carver, MN

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Carver, MN

1 unit: $382,950
2 units: $490,250
3 units: $592,600
4 units: $736,450

VA loan limits for Carver, MN

1 unit: $510,400

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