Various loan options are available to today’s homebuyers, including FHA loans. These loans, also known as “helper loans,” are backed by the Federal Housing Administration, which has the ability to approve buyers who might find it challenging to save for a down payment or maintain an ideal credit score.
Because the FHA takes on more risk when lending to these buyers, they cap how much buyers can borrow with this loan type. The majority of Minnesota counties have a 2023 FHA loan limit of $472,030. However, thirteen of the more expensive counties in Minnesota have a higher loan limit of $515,200, including:
- Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Le Sueur, Mille Lacs, Ramsey, Scott, Sherburne, Washington and Wright
2023 FHA loan limits for Minnesota counties
If you’re considering an FHA loan in 2023, here are the FHA loan limits for each county in Minnesota.
Keep in mind, some cities span more than one county. Ask your REALTOR® or lender about the loan limit you can expect if your home search includes properties near county lines.
|
Minnesota county |
FHA loan limit for 2023 |
|
Aitkin County |
$472,030 |
|
Anoka County |
$515,200 |
|
Becker County |
$472,030 |
|
Beltrami County |
$472,030 |
|
Benton County |
$472,030 |
|
Big Stone County |
$472,030 |
|
Blue Earth County |
$472,030 |
|
Brown County |
$472,030 |
|
Carlton County |
$472,030 |
|
Carver County |
$515,200 |
|
Cass County |
$472,030 |
|
Chippewa County |
$472,030 |
|
Chisago County |
$515,200 |
|
Clay County |
$472,030 |
|
Clearwater County |
$472,030 |
|
Cook County |
$472,030 |
|
Cottonwood County |
$472,030 |
|
Crow Wing County |
$472,030 |
|
Dakota County |
$515,200 |
|
Dodge County |
$472,030 |
|
Douglas County |
$472,030 |
|
Faribault County |
$472,030 |
|
Fillmore County |
$472,030 |
|
Freeborn County |
$472,030 |
|
Goodhue County |
$472,030 |
|
Grant County |
$472,030 |
|
Hennepin County |
$515,200 |
|
Houston County |
$472,030 |
|
Hubbard County |
$472,030 |
|
Isanti County |
$515,200 |
|
Itasca County |
$472,030 |
|
Jackson County |
$472,030 |
|
Kanabec County |
$472,030 |
|
Kandiyohi County |
$472,030 |
|
Kittson County |
$472,030 |
|
Koochiching County |
$472,030 |
|
Lac Qui Parle County |
$472,030 |
|
Lake County |
$472,030 |
|
Lake of the Woods County |
$472,030 |
|
Le Sueur County |
$515,200 |
|
Lincoln County |
$472,030 |
|
Lyon County |
$472,030 |
|
Mahnomen County |
$472,030 |
|
Marshall County |
$472,030 |
|
Martin County |
$472,030 |
|
McLeod County |
$472,030 |
|
Meeker County |
$472,030 |
|
Mille Lacs County |
$515,200 |
|
Morrison County |
$472,030 |
|
Mower County |
$472,030 |
|
Murray County |
$472,030 |
|
Nicollet County |
$472,030 |
|
Nobles County |
$472,030 |
|
Norman County |
$472,030 |
|
Olmsted County |
$472,030 |
|
Otter Tail County |
$472,030 |
|
Pennington County |
$472,030 |
|
Pine County |
$472,030 |
|
Pipestone County |
$472,030 |
|
Polk County |
$472,030 |
|
Pope County |
$472,030 |
|
Ramsey County |
$515,200 |
|
Red Lake County |
$472,030 |
|
Redwood County |
$472,030 |
|
Renville County |
$472,030 |
|
Rice County |
$472,030 |
|
Rock County |
$472,030 |
|
Roseau County |
$472,030 |
|
Scott County |
$515,200 |
|
Sherburne County |
$515,200 |
|
Sibley County |
$472,030 |
|
St. Louis County |
$472,030 |
|
Stearns County |
$472,030 |
|
Steele County |
$472,030 |
|
Stevens County |
$472,030 |
|
Swift County |
$472,030 |
|
Todd County |
$472,030 |
|
Traverse County |
$472,030 |
|
Wabasha County |
$472,030 |
|
Wadena County |
$472,030 |
|
Waseca County |
$472,030 |
|
Washington County |
$515,200 |
|
Watonwan County |
$472,030 |
|
Wilkin County |
$472,030 |
|
Winona County |
$472,030 |
|
Wright County |
$515,200 |
|
Yellow Medicine County |
$472,030 |
Start your 2023 home search now
Reach out to Edina Realty or your REALTOR® if you’re ready to move forward with your home buying journey. Your agent will provide the support you need to decide on a loan type, neighborhood – and so much more!
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