Find FHA Loan Specialists Near You in Apple Valley, MN
Browse fha loan specialists serving Apple Valley, Minnesota. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Minnesota before hiring.
Showing 11 fha loan specialists in Apple Valley, MN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a FHA Loan Specialist in Apple Valley Cost?
Typical costs for an FHA loan in Minnesota include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in Apple Valley generally range from 2 to 5 percent of the purchase price, including appraisal fees of $400 to $700 and title insurance. These figures are estimates and vary by lender and borrower situation. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the minimum FHA loan requirements in Apple Valley?
Borrowers need a minimum credit score of 580 for a 3.5 percent down payment. A score between 500 and 579 requires a 10 percent down payment. The property must meet FHA safety and appraisal standards.
How long does FHA loan processing take in Minnesota?
Typical processing takes 30 to 45 days from application to closing. Minnesota law requires lenders to provide a Loan Estimate within three business days of application. Delays can occur if additional documentation is needed.
Are there Minnesota-specific FHA loan limits for Apple Valley?
Yes, FHA loan limits vary by county. For Dakota County, which includes Apple Valley, the 2024 limit for a single-family home is $498,257. Higher limits apply for multi-unit properties.