»
»
Woodbury

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 March 30, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
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.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Woodbury, MN Mortgage Rates Compare?

March 30, 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
Today's
Woodbury, MN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

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

orange-simple-house
ruler

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

Additional Mortgage Resources for Woodbury, 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