FHA Loan Specialists in Oakdale, MN
Directory of fha loan specialists in Oakdale, Minnesota. Verify credentials with the state state mortgage licensing authority before hiring.
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 6 fha loan specialists in Oakdale, MN
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An FHA loan specialist in Oakdale, Minnesota can help you navigate the process of obtaining a Federal Housing Administration insured mortgage. These loans are popular for first-time homebuyers and those with lower credit scores. In Minnesota, FHA loans must comply with state lending laws, including the Minnesota Residential Mortgage Originator Licensing Act.
What Does a FHA Loan Specialist in Oakdale Cost?
Typical costs for an FHA loan in Minnesota include an upfront mortgage insurance premium of 1.75 percent of the loan amount, which can be financed into the loan. Annual mortgage insurance premiums range from 0.45 percent to 1.05 percent of the loan balance depending on the loan term and loan-to-value ratio. Closing costs generally range from 2 to 5 percent of the purchase price. 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 FHA loan requirements in Oakdale 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 an annual premium. Properties must meet FHA minimum property standards and be located in an approved area.
How do I find an FHA loan specialist in Oakdale?
You can search the U.S. Department of Housing and Urban Development lender list for approved FHA lenders in Oakdale. You may also contact local mortgage brokers or banks that offer FHA products. It is important to verify that the specialist holds a valid Minnesota mortgage originator license.
What is the FHA loan limit for Oakdale Minnesota?
For 2025, the FHA loan limit for a single-family home in Washington County, which includes Oakdale, is $498,257. This limit applies to standard FHA loans. Higher limits may apply for duplexes, triplexes, and fourplexes.