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Minnesota Housing Current Interest Rates*

Single Family Homes Division

As of 3:00 p.m. on Tuesday, November 24, 2009 interest rates for Minnesota Housing's Single Family First-Time Homebuyer programs are as follows: 

 Program

 Government Interest Rate

 Conventional Interest Rate

Discount Points

Minnesota Mortgage Program (MMP)

4.500%

4.750%

0

Community Activity Set-Aside (CASA)

4.750%

5.000%

0

Note: The Conventional Interest Rate incorporates the Fannie Mae/Freddie Mac Loan Level Pricing Adjustments and Adverse Market Delivery Fee. Lenders do not need to charge these fees to the borrower or seller. Lenders must originate all conventional insured or uninsured loans under either the MyCommunityMortgage® or Home Possible® loan product.

As of 2:00 p.m. on Tuesday, December 1, 2009 the interest rate for Minnesota Housing's Single Family Homeownership Opportunity Program (HOP) is as follows: 

 Program

 Interest Rate

Discount Points

Homeownership Opportunity Program (HOP)

5.875%

0



As of 12:00 p.m. on Wednesday, October 21, 2009, interest rates for Minnesota Housing's Single Family second mortgage programs are as follows:

 Program

 Interest Rate

 Discount Points

Fix-Up Fund (FUF)

5.990%

 0

Community Fix-Up Fund (CFUF)-Regular

5.750%

Contact Lending Partner 

Community Fix-Up Fund (CFUF)-Non-prime

 6.750%

Contact Lending Partner

 

Multifamily Division

As of 11:30 a.m. on Wednesday, November 18, 2009, the interest rate for Minnesota Housing's Multifamily Low and Moderate Income Rental (LMIR) Program is as follows: 

 Program

 Interest Rate

Term

Low and Moderate Income Rental (LMIR) Program

5.500%

30-Year Fixed


LMIR loans provided through the sale of tax exempt bonds are subject to market at time of bond sale.  Balloon financing may be available.


 

 *This is not an offer to enter into an interest rate agreement. Such an agreement may only be made pursuant to Minnesota Statutes Section 47.206, Subds. 3 and 4.