MN mortgage rates

Hennepin County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Hennepin County, Minnesota. Use the verified baseline numbers below to calculate your refinance payment, evaluate your home equity, and monitor when rate alerts make refinancing advantageous.

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2026 limits

2026 Mortgage Loan Limits

Hennepin County

Conforming Loan Limits

Per property
1 unit$832,750
2 units$1,066,250
3 units$1,288,800
4 units$1,601,750

FHA Loan Limits

Per property
1 unit$552,000
2 units$706,650
3 units$854,200
4 units$1,061,550

Source: Official Federal Housing Finance Agency (FHFA) and HUD loan limit schedules. Conforming data represents conventional maximums. Last synchronized: 2026 update cycle.

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Refinance Payment Estimate

Estimate Your Refinance in Hennepin County

Use your current mortgage details to estimate a new refinance payment and potential monthly savings.

Estimated New Monthly Payment$2,528Principal & interest only
Home value − mortgage balance
Mortgage balance ÷ home value
Added to the proposed new loan
Proposed New Loan Amount$400,000
Estimated New Payment$2,528
Estimated Monthly SavingsAdd current rate

Estimates include principal and interest only. Taxes, insurance, closing costs, and mortgage insurance are not included.

About Hennepin

A local view of the market.

Hennepin County's real estate market is currently experiencing a slight upward trend. As of October 2024, the median home sold price in the county was approximately $380,362, marking a 2.7% increase from the previous year. The county remains a seller's market, with homes typically selling for around the asking price and staying on the market for an average of 38 days. Hennepin County is home to several prominent cities, each contributing to its vibrant community. Minneapolis, the largest city in the county, has a population of approximately 429,606 and is known for its cultural and economic significance. Other notable cities include Bloomington, with a population of about 89,987, and Plymouth, which is home to around 81,026 residents. Living in Hennepin County offers a diverse experience, blending suburban and urban lifestyles. The county is predominantly suburban, with a mix of residential neighborhoods and commercial areas. Agriculture plays a minor role compared to its urban and suburban developments. The top industries include healthcare, education, and finance, attracting professionals and families seeking employment opportunities and quality living conditions. The county's appeal is enhanced by its robust infrastructure, educational institutions, and cultural amenities, making it an attractive destination for those relocating from more rural areas or other urban centers.

County snapshot

Market context.

MN

Public location data associated with this county record. Optional fields are shown only when present in the source.

Market areaMinneapolis-St. Paul-BloomingtonMapped market area
Area code33460CBSA / MSA reference
Featured communitiesGolden Valley · Edina · ChamplinFrom the county record
Data year2026Aligned with this limit record
Golden ValleyEdinaChamplin
Top cities & communities

Communities to explore.

Golden ValleyEdinaChamplinBloomingtonPlymouthRichfieldEden PrairieCrystalBrooklyn CenterMaple GroveNew HopeSt. Louis ParkBrooklyn ParkMinnetonkaMinneapolis
Questions & Answers

Refinancing in Hennepin County

Common questions about 2026 loan limits and refinancing opportunities in Minnesota.

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