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 Lake Elmo, 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.
Amber Garofalo at CrossCountry Mortgage
9591 60th St N Suite A, Lake Elmo, MN 55042
6513009411
Clifton Krotz - Mortgage Planner
8687 Eagle Point Blvd, Lake Elmo, MN 55042
6512624804
loanDepot
8687 Eagle Point Blvd, Lake Elmo, MN 55042
6514097100
James Vang - Welcome Home Loans
8530 Eagle Point Blvd Suite 100, Lake Elmo, MN 55042
6516616171
Josh McCarthy - Granite Mortgage
8687 Eagle Point Blvd, Lake Elmo, MN 55042
6512082037
Angela Hensley Loan Consultant
8687 Eagle Point Blvd, Lake Elmo, MN 55042
6127990749
Wintrust Mortgage
8519 Eagle Point Blvd Suite 115, Lake Elmo, MN 55042
6128608415
Impact Mortgage LLC
2796 Lisbon Ave Ct N, Lake Elmo, MN 55042
6127502548
What Does a FHA Loan Specialist in Lake Elmo Cost?
Typical costs for an FHA loan specialist in Minnesota include an origination fee of 1 percent of the loan amount, plus an upfront mortgage insurance premium of 1.75 percent of the loan. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Additional costs may include appraisal fees of 500 to 700 dollars and credit report fees of 30 to 50 dollars. 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 FHA loan limits for Lake Elmo in 2025?
For 2025, the FHA loan limit for a single-family home in Washington County is $498,257. This limit applies to most areas in Minnesota and is set by the Federal Housing Administration based on median home prices.
What is the minimum down payment for an FHA loan in Minnesota?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. Borrowers with credit scores between 500 and 579 may qualify with a 10 percent down payment.
Are there any Minnesota-specific FHA loan requirements?
Yes, Minnesota law requires that all FHA loan originators complete continuing education on state-specific regulations. Additionally, Minnesota has a 30-day right to cancel period for certain refinance loans, which is longer than the federal standard of three days.