September 2026 HUD file
HUD-insured apartment loans in Minnesota
525 properties with 46,053 units carry FHA-insured mortgages in Minnesota, with $3.9 billion still owed. The median note rate is 3.55%, and 328 of them are below 4%.
525insured loans
3.55%median note rate
$3.9 billionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 156 |
|---|---|
| 221(d)(4) construction or substantial rehab | 76 |
| 223(a)(7) refinance | 139 |
| HFA risk-sharing | 133 |
| 241(a) supplemental | 3 |
| Older and other programs | 18 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Village Townhomes | Chaska | 28 | 2.08% | $3.2 million | 2056 |
| Buzza Lofts | Minneapolis | 136 | 2.11% | $9.4 million | 2056 |
| Seven Pines Apartments | Forest Lake | 72 | 2.11% | $4.7 million | 2055 |
| Pinehurst Apartments | White Bear Lake | 102 | 2.16% | $5.6 million | 2056 |
| River Crossing | St Paul | 325 | 2.18% | $32.9 million | 2048 |
| River Glen Apartments | Rochester | 128 | 2.18% | $14.5 million | 2057 |
| Essex Park III | Rochester | 144 | 2.18% | $14.0 million | 2056 |
| Realife Cooperative of Hibbing | Hibbing | 38 | 2.18% | $3.5 million | 2055 |
| Realife Cooperative of Bloomington | Bloomington | 96 | 2.19% | $9.8 million | 2056 |
| Realife Cooperative of Phalen Village | St Paul | 59 | 2.19% | $5.4 million | 2055 |
| Applewood Cooperative of Champlin | Champlin | 70 | 2.2% | $11.9 million | 2061 |
| Village Cooperative of Austin | Austin | 62 | 2.2% | $6.4 million | 2060 |
| The Meadows | Rochester | 54 | 2.21% | $1.7 million | 2056 |
| Ashland Place | Rochester | 49 | 2.21% | $1.7 million | 2056 |
| Shenandoah Woods | Plymouth | 64 | 2.21% | $1.3 million | 2039 |
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Paying off within five years
Most HUD loans amortize to zero, so these balances are usually small. The owners are deciding what to do with a nearly paid-off property.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Park Place Apts | Hibbing | 135 | 2.48% | $391,262 | 2030 |
| Hidden Ponds | Apple Valley | 84 | 3.03% | $1.4 million | 2031 |
By city
- Minneapolis 68
- St Paul 51
- Rochester 19
- Duluth 16
- Bloomington 13
- Mankato 13
- Eden Prairie 12
- Burnsville 10
- Maplewood 10
- Roseville 10
- Eagan 9
- Maple Grove 8
- Plymouth 8
- Apple Valley 7
- Coon Rapids 6
- Hutchinson 6
- Minnetonka 6
- Moorhead 6
- Chaska 5
- Hopkins 5
- Northfield 5
- Owatonna 5
- Saint Paul 5
- St Cloud 5
- St Louis Park 5
- Winona 5
- Alexandria 4
- Austin 4
- Cambridge 4
- Edina 4
- Elk River 4
- Grand Rapids 4
- Hibbing 4
- Inver Grove Heights 4
- Mounds View 4
- Richfield 4
- Sauk Rapids 4
- Savage 4
- Willmar 4
Everywhere else in Minnesota
- Northpoint Twohomes Aikin · 5.25%
- Senior Tower Court Albert Lea · 5.94%
- Village Cooperative of Albert Lea Albert Lea · 2.33%
- American Cooperative of Anoka Anoka · 3%
- Bridges Square Apartments Anoka · 3.33%
- Nolte River Place Anoka · 4.5%
- Grand Oaks Townhomes Baxter · 3.72%
- Lofts on Novotny Baxter · 4.25%
- White Oak Estates Baxter · 5.1%
- Prairie Village Townhomes Becker · 3.65%
- Baker Park Bemidji · 6.15%
- Goldenrod Glen Big Lake · 4.5%
- Station Street Apartments Big Lake · 4.6%
- Blaine Town Square Blaine · 2.25%
- North Pointe Townhomes Blaine · 4.15%
- Northgate Woods Blaine · 5.5%
- New Life Manor Blue Earth · 4.5%
- Franciscan Eld Hsg Breckenridge · 2.5%
- Ewing Square Apartments Brooklyn Center · 5.89%
- Unity Place Brooklyn Center · 4.19%
- Amorce I Brooklyn Park · 6.15%
- Amorce I Brooklyn Park · 3.6%
- Buffalo Court Buffalo · 5.49%
- Woodmere Apartments Buffalo · 3.1%
- Carver Place Carver · 5.75%
- Applewood Cooperative of Champlin Champlin · 2.2%
- Applewood Pointe Cooperative of Champlinat Missiissippi Crossing Champlin · 3.24%
- Hayden Lake Apartments Champlin · 3%
- Lake Susan Apartments Chanhassen · 3.15%
- Lakewood Apartments Chatfield · 3.7%
- Mill Pond Apartments Chatfield · 4%
- Parmly Lakeview Apartments Chisago City · 3.67%
- Cottage Homestead of Willow Pond Circle Pines · 3.65%
- Sahlman East Townhomes Cloquet · 3.86%
- White Pine Apartments Cloquet · 4.25%
- John Paul Apartments Cold Spring · 4.45%
- 42nd and Central Columbia Heights · 4.39%
- Park View Villa Columbia Heights · 5.25%
- 5240 Apartments Crystal · 4.5%
- Balsam Apartments II Dayton · 4.5%
- Apex Townhomes Detroit Lakes · 4.46%
- Park Manor Estates Detroit Lakes · 4.75%
- Houge Estates Dilworth · 2.93%
- Cedar Point Townhomes Eagle Lake · 2.6%
- Countryside Apartments Eveleth · 5.91%
- Countryside Townhouses Fairmont · 3.5%
- Village Coop of Fairmont Fairmont · 2.85%
- Amber Union Falcon Heights · 2.89%
- Realife Cooperat of Faribault Faribault · 2.69%
- St Lucas Riverside Apartments Faribault · 3.5%
- Village Coop of Fergus Falls Fergus Falls · 2.69%
- Encore Apartments Forest Lake · 2.43%
- Seven Pines Apartments Forest Lake · 2.11%
- Northwood Apartments Glencoe · 4.25%
- Forest Ridge Apartments Glenwood · 2.38%
- Calvary Center Apartments Golden Valley · 4.5%
- Mallard Creek Apartments Golden Valley · 2.95%
- Hayfield Seniors Housing Hayfield · 3.5%
- Mighty Fortress Manor Hinckley · 5.95%
- Schule Haus Apartments Jordan · 4.45%
- Kasson Elderly Housing Kasson · 3.7%
- Lancer Village Apartments La Crescent · 3.25%
- Lake Pepin Lake City · 3.5%
- Estoria Cooperative Lakeville Lakeville · 6.13%
- Le Sueur Meadows II Le Sueur · 4.5%
- Village Cooperative of Le Sueur Le Sueur · 2.24%
- Edgewood Apartments Litchfield · 3.1%
- The Lodge at Little Canada Little Canada · 2.25%
- Falls Meadowridge Th Little Falls · 3.95%
- Park Place Apartments and Townhomes Little Falls · 5.35%
- Zvago Cooperative at Long Lake Long Lake · 3.2%
- Prairie View Long Prairie · 3.5%
- Centennial Apts-(luverne) Luverne · 3.1%
- Prairie Lofts Luverne · 5.46%
- Hartshorn Manor Madelia · 3.65%
- Hilltop Residences Madison · 6.46%
- Marshall Square Apartments Marshall · 6.45%
- Medina Townhomes Medina · 5.25%
- River Bend Apartments Milaca · 5.35%
- The Louis Miniapolis · 4.46%
- Hillside Terrace Townhomes Monticello · 3.96%
- Mysa House Mora · 4.25%
- Northcrest Townhomes Mora · 3.82%
- Artessa Cooperative at Mount Harbor Mound · 5.45%
- Indian Knoll Manor Mound · 4.75%
- Raintree West Apartments Mountain Iron · 5.15%
- Applewood Pointe Coop of New B New Brighton · 2.52%
- Compass Pointe New Hope · 5.25%
- North Park Plaza New Hope · 5.62%
- Westgate Townhomes New Prague · 3.1%
- Realife Coop of New Ulm New Ulm · 3.79%
- Cherokee Place North Branch · 4.98%
- Heritage Court Apartments North Branch · 4.5%
- Oak Terrace West North Mankato · 3.93%
- Cedarview Commons North St Paul · 4.15%
- Silas Pointe Apartments North St Paul · 3.16%
- The Sentinel Residence North St Paul · 5.85%
- Briar Pond Apts Oakdale · 2.36%
- Estoria Cooperative Oak Marsh Oakdale · 6.35%
- Granada Lake Townhomes Oakdale · 5.58%
- Oakwood Apartments Onamia · 2.9%
- Realife Cooperative of Osseo Osseo · 3.48%
- Rivers Edge Apartments Otsego · 2.85%
- Park Rapids Apartments Park Rapids · 5.84%
- The Colony Pelican Rapids · 3.11%
- Meadows Townhomes Perham · 4.75%
- Hilltop Cottages Pine City · 4.5%
- Harvest Ridge Townhomes Plainview · 6.05%
- Plainview Senior Housing Plainview · 3.67%
- West Birch Estate Princeton · 5%
- Greenway Terrace Ramsey · 3.66%
- Sunwood Village Ramsey · 5.25%
- Terrace Hill Apartments Ramsey · 3.29%
- Eagle Ridge Apartments Red Wing · 5.75%
- Village Cooperative of Red Wing Red Wing · 2.24%
- Lilac Parkway Robbinsdale · 3%
- Parker Station Flats Robbinsdale · 3.66%
- The Cunningham Robbinsdale · 3.1%
- The Hylands Rocherster · 5.25%
- Waterford Commons Rosemount · 2.83%
- Abbey Field Townhomes Saint Francis · 3.89%
- Flats at West End Saint Louis Park · 2.33%
- Connex Apartments Saint Michael · 3.55%
- Boulder Ridge Townhomes Shakopee · 3.94%
- Shakopee Village Apts Shakopee · 2.65%
- The Willows Shakopee · 5.1%
- Applewood Pointe of Shoreview Shoreview · 2.68%
- Northtown Village Apts Spring Lake Park · 2.94%
- Osborne Apartments Spring Lake Park · 2.59%
- The Landing at Silverlake Village St Anthony · 2.57%
- Carlson Crossing St Joseph · 5.25%
- Realife Cooperative of St. Peter St Peter · 2.47%
- The Mill Townhomes Staples · 5.1%
- Chater Oaks Townhomes Stillwater · 5%
- Curve Crest Stillwater · 3.4%
- Zvago Cooperative at Stillwater Stillwater · 2.7%
- River Pointe Townhomes Thief River Falls · 5.25%
- West River Falls Estates Thief River Falls · 3.16%
- Vadnais Highlands & Lincoln Place Vadnais Heights · 2.66%
- Warroad Townhomes Warroad · 4.41%
- Woodlake Apartments Warroad · 4.17%
- Realife Coop Waseca Waseca · 4.5%
- Waters Edge Townhomes Watertown · 3.2%
- Realife Coop of West St. Paul West St Paul · 4.14%
- The Winslow West St Paul · 2.29%
- Birch Lake Townhomes White Bear Lake · 3.92%
- Lakewood Place Apartments White Bear Lake · 2.6%
- Pinehurst Apartments White Bear Lake · 2.16%
- Windom Apts Windom · 3.89%
- Linden Wood Apartments Winsted · 6.1%
- Applewood Pointe of Woodbury Woodbury · 3.65%
- Pondview Townhomes Woodbury · 2.57%
- Sundance at Settleer's Ridge Woodbury · 3.68%
- Grand Terrace Apartments Worthington · 4.75%
- Viking Terrace Apartments Worthington · 3.15%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
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