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Review Keywords Analysis

  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Minnesota
  4. Minneapolis
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
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Mortgage Affordability Calculator Minneapolis, MN

How much house can you afford in Minneapolis? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Minneapolis

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Satori Mortgage

Satori Mortgage works closely with homebuyers to navigate mortgage options, often praised for patient and attentive support throughout the loan process. The team assists with home purchases and refinancing, though some first-time buyers have noted a need for clearer communication and guidance.

Services & Prices
refinance Loan Options Quoted per loan
Home Equity Assessment Quoted per loan
View Profile
(952) 544-1706
Open 10:00 AM - 6:00 PM
2808 W Broadway, Minneapolis, MN 55411
General Services
Refinancing Services
2

CFR Mortgage - JJ Ellingson - Mortgage Broker

CFR Mortgage - JJ Ellingson specializes in guiding clients through the home loan approval process with clear communication and thorough support. The team assists with mortgage brokerage services, helping customers understand each step and explore options. Many appreciate their responsiveness and patience, though some find the process naturally detailed.

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(763) 300-6876
Open 8:00 AM - 9:00 PM
121 N Washington Ave #3425, Minneapolis, MN 55401
3

Cousins Brothers - NEO Home Loans

Focused on guiding clients through complex home financing, Cousins Brothers - NEO Home Loans offers clear, patient support for purchases, renovations, and new construction loans. The team communicates well and stays responsive, helping customers feel confident without pressure, though some may find the process detailed.

Services & Prices
Conventional Home Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
New Construction Loans Quoted per loan
View Profile
(651) 808-7684
Closed Now
1153 16th Ave SE, Minneapolis, MN 55414
General Services
Home Loans
4

Michael Dietrich - Sr. Loan Officer and Sr. Branch Manager - PRMG - Twin Cities

Known for responsive communication and attentive support, this team at PRMG Twin Cities helps clients navigate home financing with clear guidance and timely updates. They offer loan origination and mortgage services, often working extended hours to meet deadlines. Customers appreciate the personal touch, though some note the fast pace can feel intense.

Services & Prices
Purchase Mortgages Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(651) 206-3377
Open 8:30 AM - 6:00 PM
4453 Colfax Ave South, Minneapolis, MN 55419
General Services
Mortgage Services
5

Billy Anstett

With over 25 years of experience, this mortgage team specializes in helping clients with credit challenges, backed by a Nationally Certified Credit Counselor on staff. They offer a variety of loan options, including FHA, VA, and USDA programs, and are known for clear communication and ongoing support throughout the home-buying process. Customers appreciate their responsiveness and thorough… more...

With over 25 years of experience, this mortgage team specializes in helping clients with credit challenges, backed by a Nationally Certified Credit Counselor on staff. They offer a variety of loan options, including FHA, VA, and USDA programs, and are known for clear communication and ongoing support throughout the home-buying process. Customers appreciate their responsiveness and thorough explanations, though some note the process can require patience.

View Profile
(612) 578-3956
Open 00:00 - 23:59
2523 S Wayzata Blvd Ste 200, Minneapolis, MN 55405
Where they are 9 on the map Click a pin for the profile and directions
6

MLS Mortgage

With over 20 years of experience, MLS Mortgage specializes in home purchase loans, including VA financing with 100% funding for veterans. The team offers personalized guidance and a variety of financial tools to help clients navigate the lending process. Customers appreciate their clear communication and responsiveness throughout each step.

Services & Prices
Mortgage Refinancing Quoted per loan
Pre-Approval Services Quoted per loan
View Profile
(612) 789-5626
Open 8:00 AM - 8:00 PM
3612 Fillmore St NE, Minneapolis, MN 55418
General Services
Lending Services
7

Twin City Lending Corp.

Known for competitive interest rates and a wide range of loan options, Twin City Lending Corp. helps clients at all stages of homeownership, from first-time buyers to seasoned investors. Their team offers personalized guidance through home purchases, refinances, FHA, VA, and reverse mortgages, with many customers appreciating clear communication and timely responses throughout the process.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
VA Loans Quoted per loan
View Profile
(651) 303-4236
Open 8:00 AM - 8:30 PM
2900 Thomas Ave S #1827, Minneapolis, MN 55416
General Services
Mortgage Services
8

Steven Goldman

Known for thorough communication and responsiveness, this mortgage broker assists with a wide range of home financing needs, including purchases, refinancing, and renovation loans. Clients appreciate clear explanations and ongoing support throughout the process, though some note occasional challenges when comparing offers. The team aims to guide borrowers with personalized attention and detailed… more...

Known for thorough communication and responsiveness, this mortgage broker assists with a wide range of home financing needs, including purchases, refinancing, and renovation loans. Clients appreciate clear explanations and ongoing support throughout the process, though some note occasional challenges when comparing offers. The team aims to guide borrowers with personalized attention and detailed loan options.

Services & Prices
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
Home Equity Line of Credit (HELOC) Quoted per loan
View Profile
(763) 458-9007
Open 8:00 AM - 6:00 PM
331 2nd Ave S Ste 412, Minneapolis, MN 55401
General Services
Mortgage Loans
9

Supreme Lending - The Dream Team

Supreme Lending - The Dream Team specializes in helping first-time homebuyers navigate mortgage approvals, often accommodating tight deadlines with weekend availability. The team offers mortgage loan services and is noted for clear communication and responsiveness throughout the process. Some clients have mentioned concerns about persistent follow-up calls.

View Profile
(612) 384-7818
Open 00:00 - 23:59
1350 Lagoon Ave #815a, Minneapolis, MN 55408

Minneapolis Mortgage Statistics

Home-purchase lending in Hennepin County and home costs in Minneapolis, MN (latest HMDA and Census data)

Lenders made 15,041 home-purchase loans in Hennepin County in 2025 (average about $429,000) and denied 974 — 6% of decided applications, compared with 8% across Minnesota, according to federal mortgage data (HMDA, CFPB). In Minneapolis, the median home is worth $362,200 and 72% of owners have a mortgage, paying a median $2,128 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
15,041▼ 1%15,139 in 2024
Denial rate
6%MN 8%
Median home value
$362,200MN $329,300
Monthly cost with a mortgage
$2,128median · MN $1,947
Refinance loans made (Hennepin County, 2025)
5,685 · 3,693 in 2024
Home-improvement loans made (2025)
2,915
Average home-purchase loan
$429,000 (MN $349,000)
Owners with a mortgage
72% · 24% of them spend 30%+ of income on housing
Median household income
$80,846 (MN $89,062)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Hennepin County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Minneapolis Mortgage Brokers stats: 9 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Satori Mortgage 4.9 164 Quoted per loan (952) 544-1706 Visit
2 CFR Mortgage - JJ Ellingson - Mortgage Broker 5.0 118 — (763) 300-6876 Visit
3 Cousins Brothers - NEO Home Loans 5.0 77 Quoted per loan (651) 808-7684 Visit
4 Michael Dietrich - Sr. Loan Officer and Sr. Branch Manager - PRMG - Twin Cities 5.0 45 Quoted per loan (651) 206-3377 Visit
5 Billy Anstett 5.0 30 — (612) 578-3956 Visit
6 MLS Mortgage 5.0 24 Quoted per loan (612) 789-5626 Visit
7 Twin City Lending Corp. 5.0 23 Quoted per loan (651) 303-4236 Visit
8 Steven Goldman 4.4 19 Quoted per loan (763) 458-9007 Visit
9 Supreme Lending - The Dream Team 4.2 5 — (612) 384-7818 Visit

How this Minneapolis mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

Minnesota rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 0.99% of the home's value a year, the Minnesota average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

9 questions
How does the mortgage affordability calculator work for Minneapolis?
It estimates the highest home price you can qualify for based on income, debts, down payment, interest rate, and PMI. It uses Minnesota-specific property tax rates.
How accurate is the mortgage affordability calculator?
The calculator provides an estimate. For accuracy, a lender must verify your income, debts, credit, and down payment during pre-approval.
What is the minimum down payment for a mortgage in Minnesota?
First-time buyers need at least 3% down for conventional loans and 3.5% for FHA loans. VA and USDA loans may allow 0% down for eligible buyers.
How do interest rates affect how much house I can afford?
Higher interest rates increase monthly payments, reducing the home price you can afford. Rates in the calculator start at 7.40% and change weekly.
How do debts impact my mortgage qualification?
Lenders typically cap total debt payments at 43% of gross monthly income. High debts reduce the mortgage amount you can qualify for.
What is the property tax rate in Minnesota for 2026?
Property tax is about 0.99% of the home's value annually, based on the 2024 average for owner-occupied homes in Minnesota.
What’s the difference between mortgage pre-approval and pre-qualification?
Pre-approval involves lender verification of income, debts, and credit, providing a real number. Pre-qualification is an initial estimate without verification.
Do I need private mortgage insurance in Minnesota?
If your down payment is under 20% on a conventional loan, PMI is required. It’s about 0.6% of the loan annually and can be removed when the balance is below 80%.
How is the debt-to-income ratio calculated for mortgages?
It includes housing costs and total debt payments as a percentage of gross monthly income. Lenders usually cap housing costs at 31% and total debts at 43%.

General information, not financial advice — consult a qualified professional.