Current Mortgage Rates in Woodbury, Minnesota

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

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

Mortgage Rates in Woodbury, MN as of September 23, 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 Woodbury, MN Mortgage Rates Compare?

September 23, 2020

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

How Affordable is Housing in Woodbury, Minnesota?

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

The median home value for Woodbury, MN (Washington County) is $326,108

Based on current mortgage rates and a 10% down payment, you need to make $58,691 per year to buy the median priced home in Woodbury

With this income, you could qualify for a $293,497 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 Woodbury is $1,359

The median household income for Woodbury, MN (Washington County) is $94,494

Based on this income, you can afford a home valued at approximately $525,041

The home price you can afford to buy based on household income in Woodbury is 161% of the median home value which means housing prices are average. Woodbury (Washington County) ranks 73 out of 87 counties in Minnesota and 2,338 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Woodbury, Minnesota

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

Conforming loan limits for Woodbury, MN

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

FHA loan limits for Woodbury, MN

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

VA loan limits for Woodbury, MN

1 unit: $510,400

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