Nearly 20% of today’s buyers will purchase their home using an FHA loan, which is a loan type that is backed by the Federal Housing Administration.
Sometimes called “helper loans,” FHA loans are designed for buyers who may have less to put down at closing or who have less-than-perfect credit. Because the FHA takes on more risk lending to these buyers, they also set a limit on how much buyers can take out when securing an FHA loan. In 2020, the FHA loan limit increased for every county across Minnesota, with the exception of Sibley County.
Most Minnesota counties now have an FHA loan limit of $331,760. Some of the more expensive counties have higher limits. Below are the 2020 FHA loan limits for each county in Minnesota.
Remember, some cities span more than one county. Ask your REALTOR® or lender about the loan limit you can expect if you’re searching for homes near county lines.
2020 FHA loan limits for Minnesota counties
| Minnesota county | FHA loan limit for 2019 |
|---|---|
| Aitkin County | $331,760 |
| Anoka County | $382,950 |
| Becker County | $331,760 |
| Beltrami County | $331,760 |
| Benton County | $331,760 |
| Big Stone County | $331,760 |
| Blue Earth County | $331,760 |
| Brown County | $331,760 |
| Carlton County | $331,760 |
| Carver County | $382,950 |
| Cass County | $331,760 |
| Chippewa County | $331,760 |
| Chisago County | $382,950 |
| Clay County | $331,760 |
| Clearwater County | $331,760 |
| Cook County | $331,760 |
| Cottonwood County | $331,760 |
| Crow Wing County | $331,760 |
| Dakota County | $382,950 |
| Dodge County | $331,760 |
| Douglas County | $331,760 |
| Faribault County | $331,760 |
| Fillmore County | $331,760 |
| Freeborn County | $331,760 |
| Goodhue County | $331,760 |
| Grant County | $331,760 |
| Hennepin County | $382,950 |
| Houston County | $331,760 |
| Hubbard County | $331,760 |
| Isanti County | $382,950 |
| Itasca County | $331,760 |
| Jackson County | $331,760 |
| Kanabec County | $331,760 |
| Kandiyohi County | $331,760 |
| Kittson County | $331,760 |
| Koochiching County | $331,760 |
| Lac Qui Parle County | $331,760 |
| Lake County | $331,760 |
| Lake of the Woods County | $331,760 |
| Le Sueur County | $382,950 |
| Lincoln County | $331,760 |
| Lyon County | $331,760 |
| Mahnomen County | $331,760 |
| Marshall County | $331,760 |
| Martin County | $331,760 |
| McLeod County | $331,760 |
| Meeker County | $331,760 |
| Mille Lacs County | $382,950 |
| Morrison County | $331,760 |
| Mower County | $331,760 |
| Murray County | $331,760 |
| Nicollet County | $331,760 |
| Nobles County | $331,760 |
| Norman County | $331,760 |
| Olmsted County | $331,760 |
| Otter Tail County | $331,760 |
| Pennington County | $331,760 |
| Pine County | $331,760 |
| Pipestone County | $331,760 |
| Polk County | $331,760 |
| Pope County | $331,760 |
| Ramsey County | $382,950 |
| Red Lake County | $331,760 |
| Redwood County | $331,760 |
| Renville County | $331,760 |
| Rice County | $331,760 |
| Rock County | $331,760 |
| Roseau County | $331,760 |
| Scott County | $382,950 |
| Sherburne County | $382,950 |
| Sibley County | $331,760 |
| St. Louis County | $331,760 |
| Stearns County | $331,760 |
| Steele County | $331,760 |
| Stevens County | $331,760 |
| Swift County | $331,760 |
| Todd County | $331,760 |
| Traverse County | $331,760 |
| Wabasha County | $331,760 |
| Wadena County | $331,760 |
| Waseca County | $331,760 |
| Washington County | $382,950 |
| Watonwan County | $331,760 |
| Wilkin County | $331,760 |
| Winona County | $331,760 |
| Wright County | $382,950 |
| Yellow Medicine County | $331,760 |
Ready to start house hunting in 2020?
To get started on your home buying journey, you don’t need to have decided on a loan type or even a neighborhood. We can help you get the insights and support you need to make smart decisions. Contact Edina Realty or your Realtor for one-on-one mortgage and support throughout the buying process.
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