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 14 fha loan specialists in Faribault, 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.
Financial Solutions MN LLC Sandy Flom, CPA, CFP
414 Central Ave N suite c, Faribault, MN 55021
5073333973
Chris Bednar at CrossCountry Mortgage
315 Central Ave N, Faribault, MN 55021
5073349465
The State Bank of Faribault
428 Central Ave N, Faribault, MN 55021
5073327401
Community Resource Bank
430 4th St NW, Faribault, MN 55021
5073342201
Tina Gjerald & Tammy O'Malley at Rate (NMLS #331972)
1941 Cardinal Ln Suite C, Faribault, MN 55021
5075137123
Guaranteed Rate
1941 Cardinal Ln STE C, Faribault, MN 55021
6125184297
American Portfolio Mortgage Corporation
1645 Lyndale Ave N #102, Faribault, MN 55021
5072482709
Tammy O'Malley at Rate (NMLS #1277935)
1941 Cardinal Ln Suite C, Faribault, MN 55021
5075137124
Edward Jones - Financial Advisor: Tom Klemer
200 8th Ave NW Ste 7, Faribault, MN 55021
5073343149
Jason Reher - Private Wealth Advisor, Ameriprise Financial Services, LLC
211 1st Ave NW, Faribault, MN 55021
5073341821
Jen Becker - Thrivent
1645 Lyndale Ave N Suite 102, Faribault, MN 55021
5073843186
Veritas Advisors
315 Central Ave N, Faribault, MN 55021
5073313737
Wells Fargo Home Mortgage
104 5th St NW, Faribault, MN 55021
5073326349
Edward Jones - Financial Advisor: Jim Harding, AAMS®
112 3rd St NE, Faribault, MN 55021
5073326972
What Does a FHA Loan Specialist in Faribault Cost?
Typical costs for an FHA loan specialist in Minnesota include an origination fee of 0.5 to 1.0 percent of the loan amount, plus third-party fees for appraisal, credit report, and title services. Total closing costs often range from 2 to 5 percent of the home price. For a $200,000 home, this could be $4,000 to $10,000. Costs vary by lender and property. 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 is an FHA loan specialist in Faribault?
An FHA loan specialist is a mortgage professional who helps borrowers apply for and secure FHA-insured loans. In Faribault, they work with local lenders and understand Minnesota housing regulations, including state-specific disclosure requirements.
What are the FHA loan requirements in Minnesota?
FHA loans require a minimum down payment of 3.5 percent for borrowers with a credit score of 580 or higher. Borrowers must also pay an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual MIP. Minnesota law does not add extra state-level requirements beyond federal FHA rules.
How do I find an FHA loan specialist in Faribault?
You can search for FHA-approved lenders in Faribault through the U.S. Department of Housing and Urban Development lender list. Local banks and credit unions in Rice County also offer FHA loans and can connect you with a specialist. Verify that the specialist has experience with Minnesota-specific closing procedures.