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FHA loan limits for Minnesota in 2021

FHA loan limits for Minnesota in 2021

Nearly 20% of today’s buyers will purchase their home using an FHA loan, a loan type that is backed by the Federal Housing Administration.

FHA loans are sometimes referred to as “helper loans,” because the FHA has the ability to approve 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 taking out an FHA loan. In 2021, FHA loan limits were raised nearly $25,000 nationally, which helps combat the continually rising cost of homes throughout the country.

Most Minnesota counties now have an FHA loan limit of $356,362. Thirteen of the more expensive counties have a higher 2021 FHA loan limit of $402,500. Those Minnesota counties are:

  • Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Le Seuer, Mille Lacs, Ramsey, Scott, Sherburne, Washington and Wright

If you’re considering an FHA loan in 2021, here are the 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.

2021 FHA loan limits for Minnesota counties

Minnesota county

FHA loan limit for 2021

Aitkin County

$356,362

Anoka County

$402,500

Becker County

$356,362

Beltrami County

$356,362

Benton County

$356,362

Big Stone County

$356,362

Blue Earth County

$356,362

Brown County

$356,362

Carlton County

$356,362

Carver County

$402,500

Cass County

$356,362

Chippewa County

$356,362

Chisago County

$402,500

Clay County

$356,362

Clearwater County

$356,362

Cook County

$356,362

Cottonwood County

$356,362

Crow Wing County

$356,362

Dakota County

$402,500

Dodge County

$356,362

Douglas County

$356,362

Faribault County

$356,362

Fillmore County

$356,362

Freeborn County

$356,362

Goodhue County

$356,362

Grant County

$356,362

Hennepin County

$402,500

Houston County

$356,362

Hubbard County

$356,362

Isanti County

$402,500

Itasca County

$356,362

Jackson County

$356,362

Kanabec County

$356,362

Kandiyohi County

$356,362

Kittson County

$356,362

Koochiching County

$356,362

Lac Qui Parle County

$356,362

Lake County

$356,362

Lake of the Woods County

$356,362

Le Sueur County

$402,500

Lincoln County

$356,362

Lyon County

$356,362

Mahnomen County

$356,362

Marshall County

$356,362

Martin County

$356,362

McLeod County

$356,362

Meeker County

$356,362

Mille Lacs County

$402,500

Morrison County

$356,362

Mower County

$356,362

Murray County

$356,362

Nicollet County

$356,362

Nobles County

$356,362

Norman County

$356,362

Olmsted County

$356,362

Otter Tail County

$356,362

Pennington County

$356,362

Pine County

$356,362

Pipestone County

$356,362

Polk County

$356,362

Pope County

$356,362

Ramsey County

$402,500

Red Lake County

$356,362

Redwood County

$356,362

Renville County

$356,362

Rice County

$356,362

Rock County

$356,362

Roseau County

$356,362

Scott County

$402,500

Sherburne County

$402,500

Sibley County

$356,362

St. Louis County

$356,362

Stearns County

$356,362

Steele County

$356,362

Stevens County

$356,362

Swift County

$356,362

Todd County

$356,362

Traverse County

$356,362

Wabasha County

$356,362

Wadena County

$356,362

Waseca County

$356,362

Washington County

$402,500

Watonwan County

$356,362

Wilkin County

$356,362

Winona County

$356,362

Wright County

$402,500

Yellow Medicine County

$356,362

Your 2021 home search begins now!

Don’t wait! Now is the time to start your home buying journey. You don’t need to have decided on a loan type or even a neighborhood to get started. We can help you get the insights and support you need to make a smart home investment and decision.

Contact Edina Realty or your agent today for individualized mortgage support throughout the home buying process.

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