FHA LOANS Minnesota  
 

 Minnesota FHA LOANS

As with all home loans FHA Loans are still calculated using the current interest rates.

Minnesota is one of the Countries largest users of FHA Loans.

If you need a fresh start consider hiring a bankruptcy lawyer in Minnesota that can help you through bankruptcy AND still keep your fha loan.

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FHA Home Loans Minnesota

Minnesota Depart of HUD Housing
International Center II
920 Second Avenue South, Suite 1300
Minneapolis, MN 55402-4012  Phone: (612) 370-3000

The current (2008) basic standard mortgage limits for FHA insured loans in Minnesota are dependent on the county in which you live. The rates are as follows *:

County/Counties One-family Two-family Three-family Four-family
Aitkin, Becker, Beltrami, Benton, Big Stone, Blue Earth, Brown, Carlton, Cass, Chippewa, Clay, Clearwater, Cottonwood, Crow Wing, Dodge, Douglas, Faribault, Fillmore, Freeborn, Goodhue, Grant, Houston, Hubbard, Itasca, Jackson, Kanabec, Kandiyohi, Kittson, Koochiching, Lac Qui Parle, Lake, Lake Of The Woo, Le Sueur, Lincoln, Lyon, Mahnomen, Marshall, Martin, Mcleod, Meeker, Mille Lacs, Morrison, Mower, Murray, Nicollet, Nobles, Norman, Olmsted, Otter Tail, Pennington, Pine, Pipestone, Polk, Pope, Red Lake, Redwood, Renville, Rice, Rock, Roseau, Sibley, St. Louis, Stearns, Steele, Stevens, Swift, Todd, Traverse, Wabasha, Wadena, Waseca, Watonwan, Wilkin, Winona, Yellow Medicine $271,050.00 $347,000.00 $419,400.00 $521,250.00
Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington, Wright $365,000.00 $467,250.00 $564,800.00 $701,900.00
Cook $296,250.00 $379,250.00 $458,400.00 $569,700.00

 An FHA loan in Minnesota is guaranteed by HUD  (the Housing and Urban Development).

Homeownership rates in Minnesota are in the 75% rate bracket, in other words 3/4ths of all Minnesotans own their own home and FHA LOANS are increasingly popular in a state where owning a home is so widespread. Check your credit score before you apply for your home loan.

Keep in mind the FHA does not actually make the home loans, the FHA insures FHA home loans. You must still apply for an FHA loan through regular lenders, your Bank, Credit Union etc.

 

 
      * Data source is hud.gov

         
   
 


 
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