Current Mortgage Rates in Duluth, Minnesota

Compare mortgage rates and fees for leading lenders in Duluth, 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 Duluth.

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

Mortgage Rates in Duluth, MN as of September 26, 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 Duluth, MN Mortgage Rates Compare?

September 26, 2020

The current average rate for a 30 year fixed rate mortgage in Duluth 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
Duluth, MN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Duluth, Minnesota?

Below we provide helpful information on the real estate market, home prices and housing affordability in Duluth. Understand how much you need to earn to afford a home in Duluth, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Duluth 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 Duluth is right for you.

The median home value for Duluth, MN (St. Louis County) is $174,287

Based on current mortgage rates and a 10% down payment, you need to make $31,367 per year to buy the median priced home in Duluth

With this income, you could qualify for a $156,858 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 Duluth is $726

The median household income for Duluth, MN (St. Louis County) is $53,719

Based on this income, you can afford a home valued at approximately $298,483

The home price you can afford to buy based on household income in Duluth is 171% of the median home value which means housing prices are average. Duluth (St. Louis County) ranks 66 out of 87 counties in Minnesota and 2,150 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Duluth, Minnesota

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Duluth (St. Louis County) below.

Conforming loan limits for Duluth, MN

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

FHA loan limits for Duluth, MN

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Duluth, MN

1 unit: $510,400

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