St. Paul

Current Mortgage Rates in St. Paul, Minnesota

Compare mortgage rates and fees for leading lenders in St. Paul, 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 St. Paul.

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. Paul. Plus, shopping lenders is free and there is no obligation.

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Get Personalized Mortgage Quotes for St. Paul, MN

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's St. Paul, MN Mortgage Rates Compare?

December 9, 2019

The current average rate for a 30 year fixed rate mortgage in St. Paul 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

Today's
St. Paul, MN Rates

National
Average

Comparison

30 Year Fixed Rate

A.AAA%

3.690%

15 Year Fixed Rate

B.BBB%

3.150%

5/1 Adjustable Rate Mortgage

C.CCC%

3.350%

How Affordable is Housing in St. Paul, Minnesota?

The median home value for St. Paul, MN (Ramsey County) is $250,050

The median household income for St. Paul, MN (Ramsey County) is $62,144

Based on current mortgage rates and a 10% down payment, you need to make $46,392 per year to buy the median priced home in St. Paul

The home price you can afford to buy based on household income in St. Paul is 134% of the median home value which means housing prices are average

St. Paul (Ramsey County) ranks 85 out of 87 counties in Minnesota and 2,747 out of 3,142 counties in the United States for housing affordability.

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

Loan Limits for St. Paul, Minnesota

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

Conforming loan limits for St. Paul, MN

1 unit: $484,350

2 units: $620,200

3 units: $749,650

4 units: $931,600

FHA loan limits for St. Paul, MN

1 unit: $366,850

2 units: $469,600

3 units: $567,650

4 units: $705,500

VA loan limits for St. Paul, MN

1 unit: $484,350