HUD-insured apartment loans in Owatonna, MN
5 properties in Owatonna with 506 units have FHA-insured mortgages, owing $55.6 million in all. The median note rate is 3.65%; the lowest is 2.33% at Owatonna Gateway Apartments.
| Property | Units | Rate | Balance | Matures |
|---|---|---|---|---|
| Owatonna Gateway Apartments | 60 | 2.33% | $3.5 million | 2052 |
| Realife Cooperative of Owatonna | 32 | 3.45% | $759,442 | 2048 |
| Morehouse Place | 40 | 3.65% | $2.5 million | 2048 |
| West Lake Meadows | 276 | 4.37% | $44.3 million | 2061 |
| Cedardale Place | 98 | 4.49% | $4.5 million | 2054 |
Most-active servicers here: Minnesota Housing Finance Agen (1), Pgim Real Estate Agency Financ (1), Jll Real Estate Capital, LLC (1).
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Grouped by the city HUD records for each property.
Buying or refinancing in Owatonna?
The Janover Capital desk can tell you whether an existing HUD loan can move with the property, and what a new one would size to.