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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 | 6.898%APR 6.934% | 0 pts$0 | $2,285/moP&I $2,285 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.046%APR 6.816% | 0 pts$0 | $2,289/moP&I $2,127 · MI $162 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.995%APR 6.046% | 0 pts$0 | $2,079/moP&I $2,079 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.922%APR 6.958% | 0 pts$0 | $2,290/moP&I $2,290 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.667% | 0 pts$0 | $2,456/moP&I $2,456 · 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 | 5.995% | 6.046% | 0 pts ($0) | $2,927/mo | $58,425 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.942% | 5.993% | 0 pts ($0) | $3,646/mo | $80,823 |
Condo 10% Down | 10% | 720 credit score | 7.156% | 7.325% | 0 pts ($0) | $2,638/mo | $92,505 |
Conventional 10% Down | 10% | 720 credit score | 6.598% | 6.754% | 0 pts ($0) | $2,492/mo | $85,941 |
Conventional 20% Down | 20% | 740 credit score | 6.898% | 6.934% | 0 pts ($0) | $2,285/mo | $70,680 |
Conventional 5% Down | 5% | 700 credit score | 7.013% | 7.491% | 0 pts ($0) | $2,745/mo | $95,867 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.341% | 7.380% | 0 pts ($0) | $2,986/mo | $102,601 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,567/mo | $86,962 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.808% | 7.183% | 0 pts ($0) | $2,745/mo | $99,073 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.922% | 6.958% | 0 pts ($0) | $2,863/mo | $97,121 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,579/mo | $85,332 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.046% | 6.816% | 0 pts ($0) | $2,566/mo | $90,181 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,628/mo | $91,993 |
FHA Streamline Refi | 0% | 640 credit score | 6.243% | 7.017% | 0 pts ($0) | $2,715/mo | $96,065 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.984% | 7.228% | 0 pts ($0) | $2,737/mo | $99,216 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,713/mo | $53,126 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.667% | 0 pts ($0) | $2,302/mo | $73,396 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,338/mo | $73,054 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,522/mo | $77,328 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.413% | 7.190% | 0 pts ($0) | $2,667/mo | $94,881 |
Second Home 10% Down | 10% | 720 credit score | 5.944% | 6.516% | 0 pts ($0) | $2,326/mo | $78,263 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,281/mo | $70,534 |
VA 0% Down | 0% | 700 credit score | 6.039% | 6.283% | 0 pts ($0) | $2,667/mo | $88,120 |
VA Cash-Out Refi | 0% | 640 credit score | 6.051% | 6.420% | 0 pts ($0) | $2,671/mo | $88,280 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.067% | 6.219% | 0 pts ($0) | $2,675/mo | $88,493 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,387/mo | $75,503 |
Frequently Asked Questions
What are today's mortgage rates in Rosemount-Apple Valley-Eagan, MN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Rosemount-Apple Valley-Eagan, MN is 6.898% (with an estimated monthly payment of $2,261). Active program rates also include FHA 30-year fixed loans at 6.046% and VA 0%-down fixed loans at 6.039%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Rosemount-Apple Valley-Eagan, 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 Rosemount-Apple Valley-Eagan, MN have fluctuated between a low of 6.520% and a high of 6.977%. 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 Rosemount-Apple Valley-Eagan, MN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $433,717 in Rosemount-Apple Valley-Eagan, MN, a standard 20%-down Conventional loan requires an upfront cash down payment of $86,743 but keeps your monthly payment lower at $2,261/mo (at 6.898% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,180 (3.5% down) but has an estimated payment of $2,539/mo (at 6.046% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $418,537 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 Rosemount-Apple Valley-Eagan before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Rosemount-Apple Valley-Eagan is $806,501. With a typical local home value of $433,717 in , a standard 20%-down mortgage requires a loan size of $346,974. 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 Rosemount-Apple Valley-Eagan, MN impact estimated mortgage payments?
The median home value in Rosemount-Apple Valley-Eagan, MN is estimated at $433,717. Buying a typical home here with a standard 20% down payment ($86,743) translates to an estimated starting monthly mortgage payment of $2,261 (principal and interest). Compared to the local area median household income of $120,378 ($10,032/mo), this basic housing payment represents approximately 22.5% 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.