Posted in: Buying a home, Getting a mortgage, First time homebuyer tips

FHA loan limits for Minnesota in 2018

front exterior view of home

Many first-time homebuyers choose FHA loans, which are backed by the Federal Housing Administration. These “helper loans” allow for buyers to purchase a home with as little as 3.5 percent down at closing.

FHA loans are meant to aid those who can pay a mortgage over the long-term, but who may have a hard time saving a large down payment. For this reason, there are limits to the total amount that you can borrow when securing an FHA loan. These limits are determined by the average house value for each county.

Below are the 2018 FHA loan limits for single-family homes in each county of Minnesota.

Remember, some cities may span several counties. If you are interested in an FHA loan in one of these cities, ask your REALTOR® or lender to help you determine the loan limit for the area where you are searching.

2018 FHA loan limits for Minnesota counties

Minnesota county FHA loan limit for 2018
Aitkin County $294,515
Anoka County $356,500
Becker County $294,515
Beltrami County $294,515
Benton County $294,515
Big Stone County $294,515
Blue Earth County $294,515
Brown County $294,515
Carlton County $294,515
Carver County $356,500
Cass County $294,515
Chippewa County $294,515
Chisago County $356,500
Clay County $294,515
Clearwater County $294,515
Cook County $294,515
Cottonwood County $294,515
Crow Wing County $294,515
Dakota County $356,500
Dodge County $294,515
Douglas County $294,515
Faribault County $294,515
Fillmore County $294,515
Freeborn County $294,515
Goodhue County $294,515
Grant County $294,515
Hennepin County $356,500
Houston County $294,515
Hubbard County $294,515
Isanti County $356,500
Itasca County $294,515
Jackson County $294,515
Kanabec County $294,515
Kandiyohi County $294,515
Kittson County $294,515
Koochiching County $294,515
Lac Qui Parle County $294,515
Lake County $294,515
Lake of the Woods County $294,515
Le Sueur County $356,500
Lincoln County $294,515
Lyon County $294,515
Mahnomen County $294,515
Marshall County $294,515
Martin County $294,515
McLeod County $294,515
Meeker County $294,515
Mille Lacs County $356,500
Morrison County $294,515
Mower County $294,515
Murray County $294,515
Nicollet County $294,515
Nobles County $294,515
Norman County $294,515
Olmsted County $294,515
Otter Tail County $294,515
Pennington County $294,515
Pine County $294,515
Pipestone County $294,515
Polk County $294,515
Pope County $294,515
Ramsey County $356,500
Red Lake County $294,515
Redwood County $294,515
Renville County $294,515
Rice County $294,515
Rock County $294,515
Roseau County $294,515
Scott County $356,500
Sherburne County $356,500
Sibley County $356,500
St. Louis County $294,515
Stearns County $294,515
Steele County $294,515
Stevens County $294,515
Swift County $294,515
Todd County $294,515
Traverse County $294,515
Wabasha County $294,515
Wadena County $294,515
Waseca County $294,515
Washington County $356,500
Watonwan County $294,515
Wilkin County $294,515
Winona County $294,515
Wright County $356,500
Yellow Medicine County $294,515

Hoping to apply for an FHA loan in 2018?

For the right buyer at the right time, FHA loans can be a perfect fit. Read more about FHA loans or reach out today to get started on the mortgage process for any loan type.

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