Minnesota VA Loans
Deciding to purchase a house in beautiful Minnesota is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.
With the average listing price of a home in Minnesota landing at $396,523 the VA loan’s signature $0-money-down benefit is a considerable advantage for Minnesota homebuyers.
See also: VA Loan Options for Other States
How to get a VA Loan in Minnesota
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Duluth, MN, you'll need to find a lender licensed in Minnesota to do the loan.
Other Considerations for Getting a VA Loan in Minnesota
VA borrowers in Minnesota should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
Minnesota VA Loan Limits
VA borrowers in Minnesota with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to Minnesota’s VA loan limits.
As of January 1, 2025, VA loan limits for all counties in Minnesota are $806,500.
Property Taxes in Minnesota
Another consideration for VA buyers in Minnesota is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in Minnesota if you meet one of the following conditions:
- You may receive an exemption of up to $300,000 if the veteran is 100 percent disabled as a result of service
- Veterans with a disability rating of 70 percent or more may receive an exemption of up to $150,000
- Surviving spouses of veterans are eligible to receive a $300,000 exclusion
If you are required to pay property tax in Minnesota, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Aitkin County | 0.56% |
| Anoka County | 1.11% |
| Becker County | 0.79% |
| Beltrami County | 1.04% |
| Benton County | 1.19% |
| Big Stone County | 0.86% |
| Blue Earth County | 0.98% |
| Brown County | 1.08% |
| Carlton County | 1.24% |
| Carver County | 1.15% |
| Cass County | 0.63% |
| Chippewa County | 1.04% |
| Chisago County | 1.25% |
| Clay County | 1.08% |
| Clearwater County | 0.81% |
| Cook County | 0.67% |
| Cottonwood County | 1.27% |
| Crow Wing County | 0.77% |
| Dakota County | 1.10% |
| Dodge County | 1.14% |
| Douglas County | 0.90% |
| Faribault County | 1.08% |
| Fillmore County | 0.93% |
| Freeborn County | 1.10% |
| Goodhue County | 1.10% |
| Grant County | 1.25% |
| Hennepin County | 1.28% |
| Houston County | 1.21% |
| Hubbard County | 0.79% |
| Isanti County | 1.19% |
| Itasca County | 0.78% |
| Jackson County | 0.99% |
| Kanabec County | 1.10% |
| Kandiyohi County | 0.99% |
| Kittson County | 1.03% |
| Koochiching County | 0.78% |
| Lac qui Parle County | 1.06% |
| Lake County | 0.78% |
| Lake of the Woods County | 0.75% |
| Le Sueur County | 1.08% |
| Lincoln County | 1.23% |
| Lyon County | 1.00% |
| McLeod County | 1.18% |
| Mahnomen County | 1.22% |
| Marshall County | 0.85% |
| Martin County | 1.02% |
| Meeker County | 0.94% |
| Mille Lacs County | 1.15% |
| Morrison County | 0.95% |
| Mower County | 0.96% |
| Murray County | 0.81% |
| Nicollet County | 1.13% |
| Nobles County | 0.95% |
| Norman County | 1.13% |
| Olmsted County | 1.20% |
| Otter Tail County | 0.82% |
| Pennington County | 1.09% |
| Pine County | 0.90% |
| Pipestone County | 0.96% |
| Polk County | 0.99% |
| Pope County | 0.90% |
| Ramsey County | 1.27% |
| Red Lake County | 1.12% |
| Redwood County | 1.02% |
| Renville County | 1.14% |
| Rice County | 1.13% |
| Rock County | 0.75% |
| Roseau County | 1.15% |
| St. Louis County | 1.00% |
| Scott County | 1.16% |
| Sherburne County | 1.11% |
| Sibley County | 1.09% |
| Stearns County | 1.11% |
| Steele County | 1.23% |
| Stevens County | 0.90% |
| Swift County | 0.95% |
| Todd County | 0.93% |
| Traverse County | 1.15% |
| Wabasha County | 1.14% |
| Wadena County | 1.10% |
| Waseca County | 1.13% |
| Washington County | 1.07% |
| Watonwan County | 1.01% |
| Wilkin County | 0.82% |
| Winona County | 1.00% |
| Wright County | 1.07% |
| Yellow Medicine County | 1.11% |
How VA Loans Work in Minnesota
View the graphic below to learn more about how VA loans work in Minnesota.
