Compare Current Sherburne, Minnesota Mortgage Rates

Compare Sherburne, MN mortgage rates and fees from top lenders. 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 lowest mortgage rates in Sherburne.

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

Sherburne, MN Mortgage Rates as of December 7, 2023
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

Get Personalized Mortgage Quotes

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details. Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Sherburne, MN Mortgage Rates

December 7, 2023

Current mortgage rates in Sherburne, MN are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

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

How Affordable is Housing in Sherburne, Minnesota?

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

The median home value for Sherburne, MN is $353,491

Based on current mortgage rates and a 10% down payment, you need to make $73,744 per year to buy the median priced home in Sherburne

With this income, you could qualify for a $318,142 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 Sherburne is $1,708

The median household income for Sherburne, MN is $91,961

Based on this income, you can afford a home valued at approximately $440,816

The home price you can afford to buy based on household income in Sherburne is 125% of the median home value which means housing prices are average. Sherburne ranks 76 out of 87 counties in Minnesota and 2,426 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Sherburne, Minnesota

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

Conforming loan limits for Sherburne, MN

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Sherburne, MN

1 unit: $515,200
2 units: $659,550
3 units: $797,250
4 units: $990,800

VA loan limits for Sherburne, MN

1 unit: $726,200

Additional Mortgage Resources for Sherburne, MN Residents

Mortgage Rates for Minnesota Cities

Anoka Mortgage Rates

Carver Mortgage Rates

Dakota Mortgage Rates

Duluth Mortgage Rates

Minneapolis Mortgage Rates

Rochester Mortgage Rates

Saint Michael Mortgage Rates

Shakopee Mortgage Rates

Sherburne Mortgage Rates

St. Cloud Mortgage Rates

St. Paul Mortgage Rates

Woodbury Mortgage Rates