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Compare FHA Loan Specialists in New Prague, MN

Compare fha loan specialists in New Prague. Review contact information and insurance categorys before you decide.

6 agents listed
Updated May 2026
New Prague, MN
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 6 fha loan specialists in New Prague, 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.
Distinctive Mortgages
1301 1st St NE, New Prague, MN 56071
8776519560
Minnwest Bank
1100 1st St NE, New Prague, MN 56071
9528188520
Edina Realty - New Prague Real Estate Agency
138 Main St W, New Prague, MN 56071
9527584112
Timothy Luther - Private Wealth Advisor, Ameriprise Financial Services, LLC
212 Lady Slipper Ave NE Ste 1, New Prague, MN 56071
9527586363
Luther, McFarland, Kuehner, Sell & Associates - Ameriprise Financial Services, LLC
212 Lady Slipper Ave NE Ste 1, New Prague, MN 56071
9527586363
US Bank Mortgage
111 Central Ave N, New Prague, MN 56071
8008722657

An FHA loan specialist in New Prague, Minnesota can help homebuyers navigate FHA-insured mortgages, which require a minimum 3.5 percent down payment and a credit score of at least 580. Minnesota law does not impose additional state-specific FHA regulations, but local property tax and insurance rules apply. Specialists assist with pre-approval, documentation, and closing in Scott County.

What Does a FHA Loan Specialist in New Prague Cost?

Typical costs for an FHA loan specialist in Minnesota include an origination fee of 1 to 2 percent of the loan amount, plus a mortgage insurance premium of 1.75 percent upfront and 0.55 percent annually. Closing costs in New Prague generally range from 2 to 5 percent of the purchase price. Costs vary by lender, property value, and loan size. 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 basic FHA loan requirements in New Prague?
FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. The property must meet FHA appraisal standards and be your primary residence.
How do I find a qualified FHA loan specialist in New Prague?
You can search for FHA-approved lenders through the U.S. Department of Housing and Urban Development website. Local banks and mortgage companies in New Prague often employ specialists familiar with Scott County market conditions. Ask about their experience with FHA loans and Minnesota-specific closing procedures.