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 10 fha loan specialists in Plymouth, 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.
Summit Mortgage Corporation
9600 54th Ave N #100, Plymouth, MN 55442
7633907200
New Homeowner Center at Summit Mortgage
9600 54th Ave N #100, Plymouth, MN 55442
7632263559
Lennar Mortgage, LLC Minnesota
16355 36th Ave N Suite 100-A, Plymouth, MN 55446
9522493083
Kevin Lee - Summit Mortgage Corporation
9600 54th Ave N #100, Plymouth, MN 55442
7634210548
TC Mortgage Advisors powered by Union Home Mortgage
3525 Plymouth Blvd Suite 207A, Plymouth, MN 55447
7632605180
US West Financial
2605 Fernbrook Ln N Ste A, Plymouth, MN 55447
6126958909
Jeff Scherber NMLS 369524 at Summit Mortgage Corporation
9600 54th Ave N, Plymouth, MN 55442
7633007765
Summit Mortgage Corporation Abbey Tebben Nmls 1026070
9600 54th Ave N #100, Plymouth, MN 55442
7632291901
Russ Christian Edina Realty Mortgage
9605 Schmidt Lake Rd, Plymouth, MN 55442
7635516706
Lance Holland-U.S. Bank Mortgage
3305 Plymouth Blvd, Plymouth, MN 55447
7635093710
What Does a FHA Loan Specialist in Plymouth Cost?
Typical costs for an FHA loan specialist in Minnesota include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount, plus an annual mortgage insurance premium (MIP) of 0.45 to 1.05 percent. Closing costs in Plymouth usually range from 2 to 5 percent of the purchase price, which can include lender fees, appraisal fees, and title insurance. These costs vary by loan size and lender. 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 minimum credit score requirements for an FHA loan in Plymouth?
For an FHA loan, the minimum credit score is typically 580 for a 3.5 percent down payment. Borrowers with a score between 500 and 579 may still qualify but must put down at least 10 percent. Lenders in Plymouth may have their own overlays, so check with a specialist.
Are there any Minnesota-specific rules for FHA loan appraisals?
Yes, FHA appraisals in Minnesota must meet both HUD guidelines and state property condition standards. For example, the appraisal must verify that the property has a working heating system and is free from health hazards like lead paint. Minnesota also requires a radon test for FHA loans in certain counties.
How long does the FHA loan process take in Plymouth Minnesota?
The FHA loan process in Plymouth typically takes 30 to 45 days from application to closing. Delays can occur if the appraisal requires repairs or if additional documentation is needed. Minnesota law requires a three-day right of rescission for refinances, but not for purchase loans.