FHA loan limits for Minnesota in 2022

Nearly 20% of today’s buyers will use an FHA loan, or “helper loan,” to purchase a home. FHA loans are backed by the Federal Housing Administration, which has the ability to approve buyers who may have smaller down payments or less-than-perfect credit.

However, the FHA takes on more risk when lending to these buyers, so they also set a limit on how much buyers can take out with an FHA loan. Most Minnesota counties have a 2022 FHA loan limit of $420,680. Thirteen of the more expensive Minnesota counties have a higher limit of $448,500, including:

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

2022 FHA loan limits for Minnesota counties

If you’re considering an FHA loan in 2022, 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.

Start your 2022 home search now!

You don’t need to have decided on a loan type or even a neighborhood to move forward with your home buying journey. Contact Edina Realty or your agent today for the support you need to make a smart home investment and decision.

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