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FHA loan limits for Minnesota in 2020

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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