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Showing 2 fha loan specialists in West St Paul, 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.
Jason Stone
985 Smith Ave S, West St Paul, MN 55118
6512532144
First Time Home Buyer Programs
33 Wentworth Ave E, West St Paul, MN 55118
6515523681
What Does a FHA Loan Specialist in West St Paul 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 to 0.85 percent. Closing costs in West St Paul range from 2 to 5 percent of the purchase price, or roughly $5,000 to $12,500 on a $250,000 home. Lender fees may vary from $500 to $1,500. 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 West St Paul Minnesota?
For 2025, FHA loan limits in Dakota County, which includes West St Paul, are typically around $498,257 for a single-family home. These limits are adjusted annually by the Department of Housing and Urban Development and may be higher in high-cost areas.
What credit score do I need for an FHA loan in Minnesota?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. If your score is between 500 and 579, you may still qualify with a 10 percent down payment. Lenders in Minnesota may have their own overlays, so check with a specialist.
Are there Minnesota-specific FHA loan requirements?
Yes, Minnesota law requires FHA lenders to provide a Mortgage Loan Origination Agreement that outlines all fees and terms. Additionally, Minnesota has a 30-day right of rescission for refinances, and all FHA loans must comply with state foreclosure and redemption laws.