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Showing 3 fha loan specialists in Northfield, 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.
Wells Fargo Home Mortgage - Chris Graupmann
700 Water St S, Northfield, MN 55057
5076637322
Wells Fargo Home Mortgage
700 Water St S, Northfield, MN 55057
6076637388
Wells Fargo Home Mortgage - Melissa Running
700 Water St S, Northfield, MN 55057
5076637388
What Does a FHA Loan Specialist in Northfield Cost?
Typical costs for an FHA loan specialist in Minnesota include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs in Northfield usually range from 2 to 5 percent of the purchase price. Your specialist may charge an origination fee of up to 1 percent. These costs vary by lender and loan size. 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 credit score do I need for an FHA loan in Northfield?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Your specialist can review your specific situation.
Are there Minnesota-specific limits for FHA loans in Northfield?
Yes, FHA loan limits vary by county. For Rice County, which includes Northfield, the 2025 single-family home loan limit is typically around $498,257. Your specialist can confirm the current limit for your property type.