St Paul, MN Home Equity & HELOC Rates Today for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Home Equity Lending Markets
- Bank & Credit Union Health Safety Ratings
- Finance Calculators
Current St Paul, Minnesota home equity rates today start at 4.99% for a home equity loan and 5.74% for a HELOC, compared with Minnesota averages of 6.527% and 7.138%. St Paul, Minnesota home equity loan and HELOC rates range from 4.99% to 10.24%, verified by MonitorBankRates as of November 12, 2026. Current home equity loan rates in St Paul, Minnesota include Blaze Credit UnionBlaze Credit Union111 Empire Drive, St Paul, MN, 55103A5.0 ★Texas Ratio: 6.19%Rate verified Nov 9, 2026 offering Home Equity - 5yr. CLTV up to 80% at 6.00%, Hibbing Cooperative Credit UnionHibbing Cooperative Credit UnionA+5.0 ★Texas Ratio: 1.40%Rate verified Nov 8, 2026 offering Home Equity Loan at 4.99%, Hometown Federal Credit UnionHometown Federal Credit UnionA+5.0 ★Texas Ratio: 3.52%Rate verified Nov 7, 2026 offering Home Equity Loan - 80% LTV Fixed Rate (1st Lien) at 4.99%, TruStone Financial Credit UnionTruStone Financial Credit UnionA+5.0 ★Texas Ratio: 4.56%Rate verified Nov 9, 2026 offering Home Equity Loan - 5-Year Fixed-Rate at 4.99%, and Federated Employees Credit UnionFederated Employees Credit UnionA+5.0 ★Texas Ratio: 0.81%Rate verified Nov 8, 2026 offering Closed End Home Equity - Closed End 80% LTV and lower at 5.25%. Home equity and HELOC rates as of November 12, 2026 according to verified data from MonitorBankRates. Use the tabs below to compare home equity loans and HELOCs side by side. Rates are continually updated, we recommend checking back frequently.
Rates reflect actual verified offers from lenders actively serving Minnesota borrowers. Your final approved rate will depend on your credit profile, the equity in your home, your combined loan-to-value ratio, and daily market movements. Last Updated and Verified: November 12, 2026
Compare Home Equity & HELOC Rates Today in St Paul, Minnesota & the Surrounding Area
St Paul Home Equity Loan Rates
Second Lien Position; CLTV up to 80%; Rates Effective: 11/6/2026
Second Lien Position; CLTV up to 80%; Rates Effective: 11/6/2026
Second Lien Position; CLTV up to 80%; Rates Effective: 11/6/2026
Second Lien Position; CLTV up to 80%; Rates Effective: 11/6/2026
CLTV up to 75%
Second Lien Position; CLTV up to 90%; Rates Effective: 11/6/2026
CLTV up to 75%
CLTV up to 75%
Second Lien Position; CLTV up to 80%; Rates Effective: 11/6/2026
Second Lien Position; CLTV up to 90%; Rates Effective: 11/6/2026
Second Lien Position; CLTV up to 90%; Rates Effective: 11/6/2026
CLTV up to 75%
Second Lien Position; CLTV up to 90%; Rates Effective: 11/6/2026
Second Lien Position; CLTV up to 90%; Rates Effective: 11/6/2026
Second Lien Position; CLTV up to 100%; Rates Effective: 11/6/2026
St Paul HELOC Rates
As Low As; APR range 5.74% - 6.99%; Up to 80% Tax Assessed Value; LTV 80%
Current Rate; Prime Rate plus 0% APR* with a minimum rate of 5.0% APR*; Maximum amount is $100,000 based on 80% of value less any mortgage still owing; Twenty-year mortgage - 10-year draw and 10 year re-payment
As Low As; 24-hour access to your money in Online Banking; Only pay interest on the funds you advance
Rates are subject to change based on market conditions and borrower eligibility.
As Low As; Less than 90% loan-to-value; Variable-Rate; 10-year maximum term; maximum APR is 18%
- Oct 13, 20266.47%▲ from 6.22%
- Sep 17, 20266.22%first recorded
Rates effective 10/01/26
Variable rate; Available to Minnesota, Arizona, Indiana, GA, Kansas, and Missouri Residents. Equity is determined by FECU. Variable rate Home Equity Line of Credit APR based on Prime Rate index as published in the Wall Street Journal.
- Oct 2, 20266.50%▲ from 6.25%
- Sep 14, 20266.25%first recorded
Line of Credit Limit: $10,000 - $700,000; Promotional offer: Fixed Rate Promo as low as 2.99% APR for first 3 months; Then Variable Rate as low as Prime - 0.51% APR (currently at 6.50% APR)
Variable rate; maximum APR 18.00%; APR will not go below 4.00%; APR based on credit history, lien position and CLTV; homeowners' insurance required
Origination fee of $50 applies to Home Equity Line of Credit; closing costs vary from $0.00 to $1,000.00
- Oct 14, 20266.50%▲ from 6.25%
- Sep 14, 20266.25%first recorded
As Low As
As Low As; Home Equity
- Sep 18, 20266.75%▲ from 6.00%
- Sep 14, 20266.00%first recorded
As Low As; Variable rate after 6-month introductory period, based on Wells Fargo Bank N.A. prime rate plus a margin determined by loan-to-value and credit score; Offer valid through December 31, 2026; Available on new HELOCs only; Maximum APR 18%
Introductory APR as low as 4.99% for the first 6 months (fixed-rate offer); 6.75% APR after 6 months, variable thereafter based on prime plus margin; current rates vary from 6.75% to 9.50% APR; origination fee of 1%; $150 evaluation fee may apply; annual fee of $25 after the first year; offer available on new home equity lines of $10,000 or more; loans subject to credit approval
Variable rate; maximum APR 18.00%; APR will not go below 4.00%; APR based on credit history, lien position and CLTV; homeowners' insurance required
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
St Paul, Minnesota Home Equity Snapshot
Local housing and income figures that shape how much equity St Paul, MN homeowners can borrow against. Source: U.S. Census Bureau & FHFA.
Equity and borrowable estimates are illustrative, based on a typical owner who has paid the original mortgage down to roughly 65% of current value and an 85% combined loan-to-value ceiling. Your actual figures depend on your remaining mortgage balance, credit profile, and lender underwriting.
How Much Can You Borrow in Minnesota?
Your borrowing limit on a home equity loan or HELOC is set by your combined loan-to-value ratio (CLTV), the total of your first mortgage plus the new loan, divided by your home's appraised value. Most lenders cap CLTV at 80 to 85%. Using the statewide median home value of $329,300, here is roughly what an 85% CLTV ceiling allows at three stages of mortgage payoff:
| Mortgage Stage | Still Owed | Equity Held | Est. You Could Borrow |
|---|---|---|---|
| Earlier in repayment | $230,510 | $98,790 | $49,395 |
| Roughly halfway through | $181,115 | $148,185 | $98,790 |
| Well into repayment | $131,720 | $197,580 | $148,185 |
The further along you are in paying down your first mortgage, the more equity sits available to borrow against. Lenders will also weigh your credit score, debt-to-income ratio, and income , the local median household income is $89,062, before issuing a final offer.
Illustrative estimates only, based on an 85% CLTV ceiling and the Census median home value for this area. Actual limits vary by lender (some allow up to 90% CLTV), by your home's appraised value, and by your credit profile. This is not a loan offer or a guarantee of approval.
St Paul, MN Home Equity Rate Trends
Compare local St Paul, MN home equity quotes against the statewide average
Daily HELOC and home equity loan averages tracked across our database of verified rate quotes, updated every evening.
Minnesota HELOC rates fell 0.010 points over the past 7 days to 7.138%.
Minnesota home equity loan rates fell 0.060 points over the past 7 days to 6.527%.
Minnesota Home Equity Rate Forecast, Next 12 Months
Where are Minnesota HELOC and home equity loan rates headed through November 2027?
HELOC trajectory based on prime rate path (prime = fed funds + 3.0%). Home equity loan trajectory based on Fed funds futures and 10-year Treasury path. Not financial advice.
What Forecast Rates Mean for St Paul, MN Borrowers
Monthly cost on $50,000 borrowed. HELOC shown as interest-only payment (typical during 10-year draw period). Home equity loan shown as fully amortizing principal & interest on a 15-year term.
| Scenario | HELOC Rate | HELOC Mo. Interest | HE Loan Rate | HE Loan Mo. P&I |
|---|---|---|---|---|
| Today (MN avg) | 7.138% | $297 | 6.527% | $436 |
| 6-Month Forecast | 7.138% | $297 | 6.527% | $436 |
| 12-Month Forecast | 6.888% (6.64, 7.09%) | $287 (-$10) | 6.127% (5.78, 6.43%) | $425 (-$11) |
Green (−) = lower monthly cost vs today. Red (+) = higher monthly cost. HELOC cost reflects variable-rate exposure: when prime drops, HELOC costs drop within one billing cycle. Locking a fixed home equity loan now insulates against further rate increases but forfeits the savings if rates fall.
How Home Equity Lending Works in St Paul, Minnesota
Home Equity Loan vs HELOC, Quick Comparison
| Feature | Home Equity Loan | HELOC |
|---|---|---|
| Rate Type | Fixed for life of loan | Variable (prime + margin) |
| Payout | Lump sum at closing | Draw as needed, up to limit |
| Term | 5-30 years | 10-yr draw + 20-yr repay (typical) |
| Payment | Fixed P&I from month one | Interest-only during draw (usually) |
| Closing Costs | Typically 2-5% of loan | Often $0 (promos common) |
| Best For | Specific large expense, payment certainty | Ongoing access, flexible borrowing |
Want a deeper breakdown? Read our full guide: Home Equity Loan vs HELOC, Key Differences, Pros and Cons
Home Equity Rules for St Paul, Minnesota Borrowers
St Paul, Minnesota homeowners borrow under Minnesota law. No LTV or constitutional caps, but Minn. At the St Paul, Minnesota median home value of $329,300, a lender's typical 80 percent combined loan to value limit works out to about $263,400 of total mortgage and home equity debt against the home. For conventional loans the borrower must expressly waive the right to prepay without penalty; if waived, the penalty is capped at the lesser of 2 percent of the unpaid balance or 60 days interest, is barred after 42 months and cannot be charged on partial prepayments or a payoff from selling the home.
Read the full Minnesota home equity rules, including foreclosure, deficiency, closing cost taxes, and who handles the closing.
Federal rules that apply to every home equity loan and HELOC
Home equity loans and HELOCs secured by your main home carry federal protections on top of anything your state adds. For a HELOC, the lender must give you the HELOC disclosure and the CFPB home equity brochure when you apply and cannot charge a nonrefundable fee until three business days later; the rate must follow a public index the lender does not control, and the lender can freeze or cut the line only for specific reasons such as a significant drop in the home's value or a material change in your finances. For both home equity loans and HELOCs you have until midnight of the third business day after closing to cancel for any reason and get your fees back. A loan is a high cost mortgage under HOEPA if its APR is more than 6.5 percentage points above the average prime offer rate for a first lien (8.5 points for a second lien) or if points and fees exceed 5 percent; high cost loans require counseling and cannot carry balloon payments or prepayment penalties. Since 2018, interest on a home equity loan or HELOC is deductible only if the money is used to buy, build, or substantially improve the home that secures it, and only within the $750,000 total acquisition debt cap. Flood insurance is required on any home equity loan or HELOC from a federally regulated lender if the home sits in a FEMA flood hazard area.
Sources
- Minnesota House Research: Mortgage and Deed Taxes (October 2024)
- Minn. Stat. 47.20 Lending authority of financial institutions
- Minn. Stat. 58.137 Residential mortgage originator restrictions (FindLaw)
- Nolo: Deficiency Judgment Laws in Minnesota
- Minn. Stat. 582.30 Deficiency judgments
- CFPB: Right of rescission
- Regulation Z section 1026.40 (HELOC rules)
- Regulation Z section 1026.32 (HOEPA)
- Federal Register: 2026 Regulation Z threshold adjustments
- IRS Publication 936, Home Mortgage Interest Deduction
- FHFA 2026 conforming loan limits
- CFPB: Servicemembers Civil Relief Act
- 12 CFR Part 339 (flood insurance)
St Paul, Minnesota Home Equity Loan Calculator
Estimate how much you could borrow against your home, and what the monthly payment on a fixed-rate home equity loan would look like. The home value below is prefilled with the local median from the U.S. Census Bureau — change it to your own home's value, and adjust any other field to see the numbers update.
1. How Much Can You Borrow?
2. Estimated Monthly Payment
Defaults to your estimated borrowing limit — edit to model a smaller loan.
Estimates only. Borrowing power assumes lenders allow up to the selected combined loan-to-value ratio; actual limits, rates, and approval depend on your credit profile, income, and the lender's underwriting. The payment figure is for a fixed-rate home equity loan with standard amortization — HELOC payments are typically interest-only during the draw period and vary with the prime rate, so they are not modeled here. This is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our St Paul, Minnesota home equity loan and HELOC rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners, including the iCanBuy home equity offers widget shown above. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Home Equity Rate Data: We aggregate home equity loan and HELOC rates for St Paul, Minnesota directly from the official websites of local lenders, credit unions, and national institutions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home equity products in St Paul, Minnesota. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national lenders accepting applications from Minnesota borrowers.
Local-First Sorting: Rate tables on city pages list institutions with physical branches in the city first, followed by statewide institutions, then national lenders, regardless of APR. This intentional ordering helps homeowners find lenders they can walk into for an in-person closing, since home equity products often involve appraisal, notarization, and other steps that benefit from a local relationship.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update home equity rates daily. Because HELOC rates move with the prime rate and the broader market, every product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
Home Equity Product Information
Home Equity Basics
Home equity is the share of a property the owner truly owns: the home's current market value minus the balance still owed on the mortgage. For a St Paul, Minnesota homeowner, it grows as the mortgage is paid down and as the property appreciates. Lenders let homeowners borrow against this equity, using the home as collateral, which is why home equity products generally carry lower rates than credit cards or unsecured personal loans.
Home Equity Loan vs. HELOC
A home equity loan advances a lump sum at a fixed rate, repaid in equal installments over a set term, useful for a one-time expense with a known cost. For example, Blaze Credit Union is listing its Home Equity - 5yr. CLTV up to 80% at 6.00%. A home equity line of credit (HELOC) works more like a credit card: a revolving credit limit the borrower can draw from as needed during a draw period, usually at a variable rate. On the line-of-credit side, Riverview Credit Union is listing its Home Equity Loan Fixed Rate (LOC 2-year draw period) at 5.74%. For St Paul, Minnesota borrowers, a loan offers payment certainty, while a HELOC offers flexibility for ongoing or uncertain costs.
How Much You Can Borrow
Most lenders allow borrowing up to a combined loan-to-value ratio of 80 to 85 percent, meaning the mortgage balance plus the new home equity debt cannot exceed that share of the home's value. For a St Paul, Minnesota homeowner, the exact amount available also depends on credit score, income, and the lender's policies. Because the borrowing limit is tied to current value, an appraisal is typically part of the approval process.
How Home Equity Rates Are Set
HELOC rates are usually variable and tied to the prime rate, so they move when the Federal Reserve changes short-term rates, while home equity loan rates are typically fixed and priced off longer-term benchmarks. On top of that market baseline, the rate a St Paul, Minnesota borrower receives reflects credit score, combined loan-to-value ratio, and loan amount, so stronger credit and more equity generally earn a lower rate. A borrower’s final rate is set once an application is underwritten.
Risks to Weigh
Because the home secures the debt, falling behind on payments can ultimately put the property at risk, so home equity borrowing is best reserved for purposes that preserve or build value, such as renovations or consolidating higher-rate debt. For St Paul, Minnesota borrowers, variable-rate HELOCs also carry the risk that payments rise if rates climb, and some lines shift from interest-only payments to full repayment after the draw period ends. Understanding the repayment structure before borrowing helps avoid payment shock later.
Frequently Asked Questions about Home Equity & HELOC Rates in St Paul, Minnesota
What are home equity rates in St Paul, Minnesota today?
What is the difference between a home equity loan and a HELOC in St Paul, Minnesota?
How much equity do I need to qualify for a HELOC or home equity loan?
What credit score do I need for a home equity loan in St Paul, Minnesota?
Are HELOC interest payments tax-deductible?
What is the current prime rate and how does it affect my HELOC?
What is a HELOC draw period?
Can I use a home equity loan or HELOC for debt consolidation?
Are there closing costs on a home equity loan or HELOC?
Should I get a HELOC or a home equity loan?
Can I refinance my HELOC into a fixed-rate home equity loan in St Paul, Minnesota?
How do I compare home equity and HELOC lenders in St Paul, Minnesota?
How do I get home equity loan and HELOC quotes in St Paul, Minnesota?
How much equity could a homeowner in St Paul, Minnesota have?
What is a typical home equity loan amount in St Paul, Minnesota?
Can households in St Paul, Minnesota afford a home equity loan payment?
How do property taxes in St Paul, Minnesota affect home equity borrowing?
What percentage of homeowners in St Paul, Minnesota have a mortgage they could tap for equity?
Are there special rules for home equity loans and HELOCs in St Paul, Minnesota?
Can I cancel a home equity loan or HELOC after closing in St Paul, Minnesota?
Can a Minnesota lender charge a prepayment penalty on a home equity loan?
What are the best home equity rates in St Paul, Minnesota?
- Blaze Credit Union: 6.00% (Home Equity - 5yr. CLTV up to 80%)
- Hibbing Cooperative Credit Union: 4.99% (Home Equity Loan)
- Hometown Federal Credit Union: 4.99% (Home Equity Loan - 80% LTV Fixed Rate (1st Lien))
- TruStone Financial Credit Union: 4.99% (Home Equity Loan - 5-Year Fixed-Rate)
- Federated Employees Credit Union: 5.25% (Closed End Home Equity - Closed End 80% LTV and lower)
St Paul, Minnesota Rates & Resources
