Continuing our look for the best home mortgage rates, we here at Peak Personal Finance are now going to find the best home loans in Minnesota.

As usual, we will assume a credit score of at least 700 or better, up to 20% in down payment or equity, cash on hand to cover any fees and costs, and a loan on par with local property averages and norms. We will rank by interest rate, but show the annual percentage rate (APR) as well. Your situation may vary, but these will provide a good guideline for you to get started from. Be sure to consult with a financial adviser and mortgage broker before you commit.

30-year Fixed Rate
The best home mortgage rates for this term are at AimLoan with a 4.5% interest (4.757% APR), $1,995 in fixed fees and 1.737 points with a 30-day lock in period.

Quicken Loans has a 4.875% interest (5.140% APR) offer with $1,600 in fees and a 45-day lock in (2 points).

To reduce the AimLoan offer to no points ups the rate to 4.875% (4.981% APR) and to do so with the Quicken offer requires a 5.25% interest (5.417% APR).

Think Mutual Bank offers a 5% interest (5.281% APR) with no points and $3,500 in fees for a 40-day lock in.

15-year Fixed Rate
For this term, the lowest rate is at AimLoan with a 4.125% interest (4.586% APR) offer with a $1,995 fixed fee and a 30-day lock in. This has 1.835 points. To remove those ups the rate to 4.375% (4.557% APR).

Quicken Loans has a 4.5% interest (4.935% APR) with $1,600 in fixed fees and 1.875 points and a 45-day lock in. To remove those point sraises the rate to 5.125% (5.274% APR).