Compare FHA Loan Specialists in Edina, MN
Looking for a fha loan specialist in Edina? Review the directory below to compare your options.
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
State Mortgage Licensing Authority of Minnesota before hiring.
Showing 19 fha loan specialists in Edina, MN
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An FHA loan specialist in Edina Minnesota helps homebuyers navigate Federal Housing Administration insured loans. These loans are popular for first time buyers and those with lower credit scores. Minnesota law requires all mortgage originators to be licensed through the Minnesota Department of Commerce, ensuring borrowers work with regulated professionals in Edina.
What Does a FHA Loan Specialist in Edina Cost?
Typical costs for an FHA loan specialist in Minnesota include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan term and down payment. Closing costs in Edina generally total 3 to 5 percent of the purchase price. 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 does an FHA loan specialist in Edina do?
An FHA loan specialist guides borrowers through the FHA loan process including pre approval documentation and closing. They help determine if you meet FHA requirements such as a minimum 580 credit score and 3.5 percent down payment. Specialists also explain Minnesota specific rules like the state required home inspection disclosures.
What are the FHA loan limits for Edina Minnesota?
For 2025 the FHA loan limit for a single family home in Hennepin County which includes Edina is typically around $498,257 for a standard loan. Higher limits apply for duplexes triplexes and fourplexes. These limits are set by the Department of Housing and Urban Development and may change annually.
How do I find a licensed FHA loan specialist in Edina?
You can search for a licensed FHA loan specialist through the Nationwide Multistate Licensing System database. Minnesota requires all mortgage loan originators to hold a valid license. You can also ask local real estate agents or check with Edina based banks and credit unions for referrals.