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 3 fha loan specialists in Monticello, 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.
Jeff Curtis at CrossCountry Mortgage
102 Chelsea Rd Office A, Monticello, MN 55362
8777731226
MegaStar Financial Corp - Lee Mielke
1125 Cedar St UNIT 114, Monticello, MN 55362
6123087162
Paul Hinz - 217427 - Wells Fargo Home Mortgage
407 Pine St, Monticello, MN 55362
9528470152
What Does a FHA Loan Specialist in Monticello 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 percent to 0.85 percent depending on loan term and down payment. Closing costs in Monticello range from 2 to 5 percent of the purchase price. Lender fees vary but average between $500 and $1,500. This is general information and 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 Monticello Minnesota?
For 2024 the FHA loan limit for a single-family home in Wright County is $498,257. This limit applies to most areas in Minnesota and is adjusted annually by the Department of Housing and Urban Development.
What credit score is needed for an FHA loan in Minnesota?
The minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Lenders in Minnesota may have their own overlays above these minimums.