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Compare FHA Loan Specialists in Shakopee, MN

Browse fha loan specialists serving Shakopee, Minnesota. Contact information and addresses listed below.

2 agents listed
Updated May 2026
Shakopee, 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 2 fha loan specialists in Shakopee, 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.
MORTGAGE AVENUE
285 1st Ave E, Shakopee, MN 55379
9523535399
Jeff Winship Rocket Mortgage NMLS #400982
100 Fuller St S Suite 155, Shakopee, MN 55379
6125587334

An FHA loan specialist in Shakopee Minnesota guides borrowers through FHA insured loans which require a lower down payment. Minnesota law allows FHA loans for single family homes and condos in Shakopee. Specialists help with credit score requirements and debt to income ratios specific to FHA guidelines.

What Does a FHA Loan Specialist in Shakopee Cost?

Typical costs for an FHA loan in Minnesota include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in Shakopee range from 3000 to 6000 dollars depending on the lender and property. 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 Shakopee?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Some lenders in Minnesota may accept scores as low as 500 with a 10 percent down payment. Each case is reviewed individually.
Are FHA loans available for condos in Shakopee?
Yes FHA loans are available for condos in Shakopee if the complex is on the FHA approved list. Minnesota has many approved condo projects in Scott County. Your specialist can verify the status of a specific complex.
How long does an FHA loan process take in Minnesota?
The FHA loan process in Minnesota usually takes 30 to 45 days from application to closing. This timeline can vary based on appraisal scheduling and document review. Minnesota law requires a three day right of rescission for refinances.