Minnesota 2023 FHA Loan Limits
Loan Limits in Minnesota
Minnesota has 87 counties with FHA Limits ranging from a low of $472,030 for a 1-bedroom unit in Aitkin County to a high of $990,800 for a 4-bedroom unit in Anoka County.
For more details about the loan limits (including FHA Limits, HECM Limits, and Fannie Mae & Freddie Mac loan limits) in any of Minnesota's counties, choose the county from the interactive map or the list below.
Highest Loan Limit ($990,800)
† Lowest limit for homes with four living-units. There are lower limits for homes with fewer living-units.
Loan Limits by County in Minnesota (87 counties)
How to qualify for an FHA Loan in Minnesota?
To qualify for an FHA loan in Minnesota, your home loan must be below the local FHA loan limits in your area. For 2023, the maximum loan limit in Minnesota is $472,030 for a single-family home and $990,800 for a four-plex. Limits varies by county. The minimum loan limit is $5,000.
Loan limits vary by county and home size. In addition to loan limits, to qualify for an FHA loan you must live in the home as your primary residence. If you're purchasing a multi-family home, the monthly Fair Market Rent (FMR) for the property must exceed 1% of the purchase price. FHA loans cannot be used for commercial real estate investment purposes or "flipping" homes in Minnesota. Additional restricts apply. Click on the Minnesota map above or the table below to see loan limits in your area.