Loan Estimate Challenges
Minnesota’s Biggest LE Challenges
02.14.2024
Community
The “Land of 10,000 Lakes,” Minnesota is the nation’s 12th largest state in terms of size.
Recording fees
In Minnesota, there is a single, flat recording fee applicable statewide. It is of note that, if a well certificate is recorded with the deed, the deed fee increases by $50.
Transfer taxes
Mortgage and deed taxes apply statewide in Minnesota. The rates are mostly uniform, with the exception of the taxes applied in Hennepin and Ramsey counties.
Finally, a conservation fund fee is applicable in select Minnesota counties. This amounts to a $5 charge per mortgage and another $5 for the deed.
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