June 2026 Mortgage Bulletin
Summer is here, and the housing market across Minnesota and Iowa remains active. More homes are becoming available, and buyers continue to have opportunities despite ongoing interest rate fluctuations. Whether you're purchasing your first home, upgrading to your next home, or considering a refinance, now is a great time to explore your options.
Market Update
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More homes are available as the summer market gets underway.
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Buyer activity remains strong throughout Minnesota and Iowa.
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Interest rates continue to fluctuate, creating opportunities for prepared buyers.
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Seller concessions and closing cost assistance are still available on some properties.
Loan Program Highlights
Conventional Loans
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As little as 3%–5% down
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Competitive financing options
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Great choice for borrowers with strong credit profiles
FHA Loans
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3.5% down payment
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Flexible credit requirements
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Higher allowable seller-paid closing costs
USDA Rural Development Loans
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0% down payment
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Available in many rural communities throughout Minnesota and Iowa
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Income limits apply
VA Loans
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No down payment required for eligible veterans
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No monthly mortgage insurance
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Competitive interest rates
Rates & Opportunities
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Interest rates continue to move up and down with market conditions.
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Buyers who are pre-approved are in the best position to take advantage of opportunities.
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Financing options remain available for a wide variety of homebuyers.
Pro Tip
Getting pre-approved before you start shopping can help you move quickly when the right home becomes available and may strengthen your offer when competing with other buyers.
Let's Get Started
Whether you're buying, refinancing, or simply have questions about your options, we're here to help.
LaPorte Group Mortgage
Phone: 507-847-4466
Website: www.laportegroup.net
Apply online anytime or call with any questions.
No application fees. Local service you can trust.