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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 7.086%APR 7.124% | 0 pts$0 | $1,660/moP&I $1,660 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.091%APR 6.862% | 0 pts$0 | $1,639/moP&I $1,524 · MI $115 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.326%APR 6.381% | 0 pts$0 | $1,535/moP&I $1,535 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.247%APR 7.314% | 0 pts$0 | $1,687/moP&I $1,687 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.693% | 0 pts$0 | $1,751/moP&I $1,751 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.326% | 6.381% | 0 pts ($0) | $2,131/mo | $44,028 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.325% | 6.393% | 0 pts ($0) | $2,664/mo | $61,056 |
Condo 10% Down | 10% | 720 credit score | 7.277% | 7.449% | 0 pts ($0) | $1,904/mo | $66,967 |
Conventional 10% Down | 10% | 720 credit score | 6.870% | 7.031% | 0 pts ($0) | $1,827/mo | $63,552 |
Conventional 20% Down | 20% | 740 credit score | 7.086% | 7.124% | 0 pts ($0) | $1,660/mo | $51,794 |
Conventional 5% Down | 5% | 700 credit score | 7.254% | 7.742% | 0 pts ($0) | $2,005/mo | $70,484 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.496% | 7.536% | 0 pts ($0) | $2,161/mo | $74,596 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,830/mo | $62,000 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.872% | 7.250% | 0 pts ($0) | $1,970/mo | $71,213 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.247% | 7.314% | 0 pts ($0) | $2,109/mo | $72,273 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,552/mo | $60,838 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.091% | 6.862% | 0 pts ($0) | $1,838/mo | $64,705 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,873/mo | $65,587 |
FHA Streamline Refi | 0% | 640 credit score | 6.290% | 7.065% | 0 pts ($0) | $1,945/mo | $68,935 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.209% | 7.458% | 0 pts ($0) | $1,996/mo | $72,729 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,935/mo | $37,877 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.693% | 0 pts ($0) | $1,641/mo | $52,328 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $1,667/mo | $52,084 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,798/mo | $55,131 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.463% | 7.241% | 0 pts ($0) | $1,912/mo | $68,103 |
Second Home 10% Down | 10% | 720 credit score | 6.101% | 6.678% | 0 pts ($0) | $1,687/mo | $57,111 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,627/mo | $50,287 |
VA 0% Down | 0% | 700 credit score | 6.103% | 6.348% | 0 pts ($0) | $1,915/mo | $63,434 |
VA Cash-Out Refi | 0% | 640 credit score | 6.116% | 6.487% | 0 pts ($0) | $1,917/mo | $63,557 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.125% | 6.279% | 0 pts ($0) | $1,919/mo | $63,642 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,702/mo | $53,830 |
Frequently Asked Questions
What are today's mortgage rates in Le Sueur-Henderson, MN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Le Sueur-Henderson, MN is 7.086% (with an estimated monthly payment of $1,364). Active program rates also include FHA 30-year fixed loans at 6.091% and VA 0%-down fixed loans at 6.103%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Le Sueur-Henderson, MN?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Le Sueur-Henderson, MN have fluctuated between a low of 6.942% and a high of 7.205%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Le Sueur-Henderson, MN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $309,221 in Le Sueur-Henderson, MN, a standard 20%-down Conventional loan requires an upfront cash down payment of $61,844 but keeps your monthly payment lower at $1,364/mo (at 7.086% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,823 (3.5% down) but has an estimated payment of $1,511/mo (at 6.091% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $298,398 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Le Sueur-Henderson before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Le Sueur-Henderson is $806,501. With a typical local home value of $309,221 in , a standard 20%-down mortgage requires a loan size of $247,377. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Le Sueur-Henderson, MN impact estimated mortgage payments?
The median home value in Le Sueur-Henderson, MN is estimated at $309,221. Buying a typical home here with a standard 20% down payment ($61,844) translates to an estimated starting monthly mortgage payment of $1,364 (principal and interest). Compared to the local area median household income of $79,938 ($6,662/mo), this basic housing payment represents approximately 20.5% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.