Mortgage Rates in Little Falls, Minnesota — March 2026
Updated March 2026 | Based on Little Falls market data and regional lending conditions
Little Falls is a growing city in Minnesota with a population of 8,777. The current 30-year fixed mortgage rate in Little Falls is 6.6%, which is 0.05% below the national average. With a median home price of $279,000 and a 20% down payment of $55,800, homebuyers can expect a monthly principal and interest payment of approximately $1,425.
Current Mortgage Rates in Little Falls, MN
Below are the current average mortgage rates available in the Little Falls area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.85% | 6.85% | 0% |
Little Falls Housing Market Overview
The Little Falls housing market offers relatively affordable housing compared to many major cities. The median household income in Little Falls is $73,600, and the cost of living index is 95.6 (national average = 100). Based on the 28% affordability rule, the median income in Little Falls is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Little Falls
Based on the median home price of $279,000 with 20% down ($55,800), here is what you can expect to pay monthly in Little Falls:
15-Year vs. 30-Year Mortgage in Little Falls
Choosing a 15-year mortgage in Little Falls at 5.87% instead of a 30-year at 6.6% would save you $176,760 in total interest over the life of the loan. However, your monthly payment would be $1,868 instead of $1,425 — an increase of $443 per month.
Calculate Your Little Falls Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Little Falls
What are the current mortgage rates in Little Falls, MN?
As of March 2026, the average 30-year fixed mortgage rate in Little Falls, Minnesota is 6.6%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Little Falls?
Based on the median home price of $279,000 with 20% down, the estimated monthly mortgage payment in Little Falls is $1,425 for principal and interest. Including property taxes of $263/month, the total monthly housing cost is approximately $1,688.
What income do I need to buy a home in Little Falls?
Using the 28% rule, you would need an annual income of approximately $72,343 to afford the median-priced home in Little Falls at $279,000. The median household income in Little Falls is $73,600. The median income is currently sufficient to meet this threshold.
Is Little Falls a good place to buy a home in 2026?
Little Falls offers a below-average cost of living with a cost of living index of 95.6 (national average = 100). The property tax rate in Minnesota is 1.13%, which is near the national average. Little Falls has a population of 8,777 and offers a balanced lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Little Falls, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.