LaPorte Group Mortgage – May 2026

The spring market is in full swing across Minnesota and Iowa. Buyer activity continues to pick up, and homes are moving quickly. Whether you're entering the market or still exploring your options, timing and preparation are key this month.

Market Update

• Buyer demand remains strong as we move deeper into spring
• Inventory continues to improve, but well-priced homes are still selling fast
• Sellers are still offering concessions in some situations, especially on longer-listed homes

Loan Program Highlights

Conventional Loans

• As little as 3%–5% down
• Seller concessions allowed (varies by scenario)
• Ideal for borrowers with solid credit

FHA Loans

• 3.5% down payment
• Flexible credit guidelines
• Higher allowable seller-paid closing costs

USDA Rural Development

• 0% down payment
• Available in many local communities (most areas around here qualify)
• Income limits apply

VA Loans

• No down payment required for eligible veterans
• No monthly mortgage insurance
• Competitive rates

Rates & Opportunities

• Rates have remained relatively stable with slight day-to-day movement
• Opportunities still exist to structure deals with lender credits
• Lock strategies continue to be important as the market shifts

Pro Tip

Homes are moving quickly this time of year. Having your pre-approval ready puts you in a strong position to act fast and compete.

Let’s Get Started

Thinking about buying, refinancing, or just have questions?

www.laportegroup.net
507-847-4466

Apply online anytime or call with any questions.
No application fees. Local service you can trust.