St. Cloud

Compare Current St. Cloud, Minnesota Mortgage Rates

Compare St. Cloud, 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 St. Cloud.

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

St. Cloud, MN Mortgage Rates as of March 20, 2023
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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.

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Compare Today's St. Cloud, MN Mortgage Rates

March 20, 2023

Current mortgage rates in St. Cloud, 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
St. Cloud, MN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in St. Cloud, Minnesota?

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

The median home value for St. Cloud, MN (Stearns County) is $256,588

Based on current mortgage rates and a 10% down payment, you need to make $53,528 per year to buy the median priced home in St. Cloud

With this income, you could qualify for a $230,929 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 St. Cloud is $1,240

The median household income for St. Cloud, MN (Stearns County) is $66,702

Based on this income, you can afford a home valued at approximately $319,735

The home price you can afford to buy based on household income in St. Cloud is 125% of the median home value which means housing prices are average. St. Cloud (Stearns County) ranks 77 out of 87 counties in Minnesota and 2,428 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in St. Cloud, MN is average


Loan Limits for St. Cloud, Minnesota

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

Conforming loan limits for St. Cloud, MN

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

FHA loan limits for St. Cloud, MN

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for St. Cloud, MN

1 unit: $726,200

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