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 Minnesota before hiring.
Showing 8 fha loan specialists in Coon Rapids, 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.
New American Funding - Coon Rapids
10160 Foley Blvd NW Ste. 200, Coon Rapids, MN 55448
7633401942
New American Funding - Bob Haft
10160 Foley Blvd NW Ste. 200, Coon Rapids, MN 55448
7633638007
Sandy Morgan
10160 Foley Blvd NW Ste. 200, Coon Rapids, MN 55448
6128683516
Equity Source Mortgage
930 111th Ave NW, Coon Rapids, MN 55448
7636572000
Christopher Gams
8960 Springbrook Dr Suite 200, Coon Rapids, MN 55433
6122451488
New American Funding - Steve Rice
10160 Foley Blvd NW Ste. 200, Coon Rapids, MN 55448
6127109173
Scott Miller
8960 Springbrook Dr, Coon Rapids, MN 55433
6127517268
Sam Miller - Lendsmart Mortgage Maple Grove, MN
3200 Main St NW #255, Coon Rapids, MN 55448
6129860773
What Does a FHA Loan Specialist in Coon Rapids Cost?
Typical costs for an FHA loan in Minnesota include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium of 0.55 percent to 0.85 percent. Closing costs in Coon Rapids generally range from 2 to 5 percent of the purchase price. Lender origination fees vary but often fall between 0.5 and 1 percent of the loan. 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 credit score is needed for an FHA loan in Coon Rapids?
Most lenders require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Each lender sets its own requirements within FHA guidelines.
Are there Minnesota-specific FHA loan limits for Coon Rapids?
Yes, FHA loan limits vary by county. For Anoka County, which includes Coon Rapids, the 2024 limit for a single-family home is $498,257. This limit adjusts annually based on median home prices in the area.
What documents do I need to apply for an FHA loan in Minnesota?
You need pay stubs from the last 30 days, two years of W-2 forms, two years of tax returns, bank statements for the last two months, and a valid photo ID. Self-employed borrowers must also provide profit and loss statements.