VA Loans Blog

Minnesota VA Loan Rates: Low, Low, Low

May 13th, 2019 9:28 AM by Joan Rusco

There’s some new data out on VA mortgage rates that Minnesota and Dakota veterans are going to like, a lot!  Readers of our VALoansMN mortgage blog know we’ve been focused on how historically low rates remain.  But these are not just numbers, they are real money-saving-markers in financial history.

When you examine mortgage loan rates over a period of 30 or more years you see an average rate for home buyers of  7 ½%.  Take out the past few years of extremely low rates and that number jumps to around 9%. It’s easy to see why we keep harping on how low today’s rates really are for Minnesota and Dakota veterans wanting to buy or refinance a home. This window of opportunity has been open a very long time.

At the beginning of 2017 mortgage rate prognosticators were saying at best we’d see VA loan rates in the mid 4% range.  Hasn’t happened. In fact, since the Fed starting raising the federal funds rate in 2018 mortgage rates have declined. We’ve written about that previously and encourage you to go back and read those posts for more information. VALoansMN and our broker Leader One are still able to get veterans rates below 4 ½%!. Of course, rates are set on an individual level and your rate may vary (there, we’ve kept the lawyers happy). But let’s get back to what the latest data is showing on VA loan rates in Minnesota and the Dakotas.

For over 48 months VA mortgage rates have beaten rates available to non-veteran citizens.  We’ve noticed a VA loan rate can easily be a quarter of a percent less than other loan rates. But a recent examination by Ellie Mae, a mortgage software company, VA loan rates have beaten regular mortgage rates by at least .25% on any given day and on some days by as much as 1.5%.  No other mortgage loan program even comes close.  We knew our VALoansMN rates were good, but we were surprised by the Sallie Mae finding that our rates are that good!

We’re repeatedly asked that if you’ve not decided to buy or refinance a home using our VALoansMN mortgages reserved for veterans only you need to take action NOW. Call Brad 612.240.9922 or shoot off an email at and let us save you some real money for the next several decades


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