THE FHA IN MINNESOTA

FHA loans have been helping Minnesota residents since 1934 

 

A licensed Minnesota FHA Lender can offer you a better loan including:

Low down payments (if any)

24 Hour Pre-Approval

Low closing costs

Easier credit qualifying

48 hour Streamline Refinancing

 

Minnesota First Time Home Buyer Loan

This FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Minnesota with  help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Minnesota FHA Refinance to a Lower Rate

Lowering your monthly mortgage payment is easier than ever as mortgage interest rates continue to set new record lows almost every week for more than two month.  

Minnesota FHA Debt Consolidation

An FHA Debt Consolidation Loan can change your life, and we can connect you to an FHA Home Lending expert to talk over your financial situation so you are not left to figure out everything completely on your own.  

 

Minnesota FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Minnesota FHA Lending Limits 2022

Minnesota Median Home Sale Price Price $216,363
County Name Single Duplex 3 Unit 4 Unit
AITKIN $275,665 $352,950 $426,625 $530,150
ANOKA $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
BECKER $275,665 $352,950 $426,625 $530,150
   NON-METRO
BELTRAMI $275,665 $352,950 $426,625 $530,150
   BEMIDJI, MN
BENTON $275,665 $352,950 $426,625 $530,150
   ST. CLOUD, MN
BIG STONE $275,665 $352,950 $426,625 $530,150
BLUE EARTH $275,665 $352,950 $426,625 $530,150
   MANKATO-NORTH MANKATO, MN
BROWN $275,665 $352,950 $426,625 $530,150
   NEW ULM, MN
CARLTON $275,665 $352,950 $426,625 $530,150
   DULUTH, MN-WI
CARVER $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
CASS $275,665 $352,950 $426,625 $530,150
   BRAINERD, MN
CHIPPEWA $275,665 $352,950 $426,625 $530,150
CHISAGO $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
CLAY $275,665 $352,950 $426,625 $530,150
   FARGO, ND-MN
CLEARWATER $275,665 $352,950 $426,625 $530,150
COOK $282,900 $362,150 $437,750 $544,050
COTTONWOOD $275,665 $352,950 $426,625 $530,150
CROW WING $275,665 $352,950 $426,625 $530,150
   BRAINERD, MN
DAKOTA $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
DODGE $275,665 $352,950 $426,625 $530,150
   ROCHESTER, MN
DOUGLAS $275,665 $352,950 $426,625 $530,150
   ALEXANDRIA, MN
FARIBAULT $275,665 $352,950 $426,625 $530,150
FILLMORE $275,665 $352,950 $426,625 $530,150
   ROCHESTER, MN
FREEBORN $275,665 $352,950 $426,625 $530,150
   ALBERT LEA, MN
GOODHUE $275,665 $352,950 $426,625 $530,150
   RED WING, MN
GRANT $275,665 $352,950 $426,625 $530,150
HENNEPIN $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
HOUSTON $275,665 $352,950 $426,625 $530,150
   LA CROSSE-ONALASKA, WI-MN
HUBBARD $275,665 $352,950 $426,625 $530,150
ISANTI $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
ITASCA $275,665 $352,950 $426,625 $530,150
JACKSON $275,665 $352,950 $426,625 $530,150
KANABEC $275,665 $352,950 $426,625 $530,150
KANDIYOHI $275,665 $352,950 $426,625 $530,150
   WILLMAR, MN
KITTSON $275,665 $352,950 $426,625 $530,150
KOOCHICHING $275,665 $352,950 $426,625 $530,150
LAC QUI PARLE $275,665 $352,950 $426,625 $530,150
LAKE $275,665 $352,950 $426,625 $530,150
LAKE OF THE WOO $275,665 $352,950 $426,625 $530,150
LE SUEUR $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
LINCOLN $275,665 $352,950 $426,625 $530,150
LYON $275,665 $352,950 $426,625 $530,150
   MARSHALL, MN
MAHNOMEN $275,665 $352,950 $426,625 $530,150
MARSHALL $275,665 $352,950 $426,625 $530,150
MARTIN $275,665 $352,950 $426,625 $530,150
MCLEOD $275,665 $352,950 $426,625 $530,150
   HUTCHINSON, MN
MEEKER $275,665 $352,950 $426,625 $530,150
MILLE LACS $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
MORRISON $275,665 $352,950 $426,625 $530,150
   NON-METRO
MOWER $275,665 $352,950 $426,625 $530,150
   AUSTIN, MN
MURRAY $275,665 $352,950 $426,625 $530,150
NICOLLET $275,665 $352,950 $426,625 $530,150
   MANKATO-NORTH MANKATO, MN
NOBLES $275,665 $352,950 $426,625 $530,150
   WORTHINGTON, MN
NORMAN $275,665 $352,950 $426,625 $530,150
OLMSTED $275,665 $352,950 $426,625 $530,150
   ROCHESTER, MN
OTTER TAIL $275,665 $352,950 $426,625 $530,150
   FERGUS FALLS, MN
PENNINGTON $275,665 $352,950 $426,625 $530,150
   NON-METRO
PINE $275,665 $352,950 $426,625 $530,150
PIPESTONE $275,665 $352,950 $426,625 $530,150
POLK $275,665 $352,950 $426,625 $530,150
   GRAND FORKS, ND-MN
POPE $275,665 $352,950 $426,625 $530,150
RAMSEY $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
RED LAKE $275,665 $352,950 $426,625 $530,150
REDWOOD $275,665 $352,950 $426,625 $530,150
RENVILLE $275,665 $352,950 $426,625 $530,150
   NON-METRO
RICE $275,665 $352,950 $426,625 $530,150
   FARIBAULT-NORTHFIELD, MN
ROCK $275,665 $352,950 $426,625 $530,150
ROSEAU $275,665 $352,950 $426,625 $530,150
SCOTT $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
SHERBURNE $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
SIBLEY $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
ST. LOUIS $275,665 $352,950 $426,625 $530,150
   DULUTH, MN-WI
STEARNS $275,665 $352,950 $426,625 $530,150
   ST. CLOUD, MN
STEELE $275,665 $352,950 $426,625 $530,150
   OWATONNA, MN
STEVENS $275,665 $352,950 $426,625 $530,150
SWIFT $275,665 $352,950 $426,625 $530,150
TODD $275,665 $352,950 $426,625 $530,150
TRAVERSE $275,665 $352,950 $426,625 $530,150
WABASHA $275,665 $352,950 $426,625 $530,150
   ROCHESTER, MN
WADENA $275,665 $352,950 $426,625 $530,150
   NON-METRO
WASECA $275,665 $352,950 $426,625 $530,150
WASHINGTON $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
WATONWAN $275,665 $352,950 $426,625 $530,150
WILKIN $275,665 $352,950 $426,625 $530,150
   WAHPETON, ND-MN
WINONA $275,665 $352,950 $426,625 $530,150
   WINONA, MN
WRIGHT $332,350 $425,450 $514,300 $639,150
   MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
YELLOW MEDICINE $275,665 $352,950 $426,625 $530,150
   NON-METRO