FHA Mortgage Loan Limits for St Louis County, Minnesota

A conventional mortgage is a loan that originates from a private lender and is not backed by the government. Loan qualification can be more challenging, but the loan limits are typically higher than FHA loan limits. As a result, a conventional loan provides more purchasing power.

FHA mortgage loans are typically easier to qualify for than a conventional loan as they are insured by the U.S. government. FHA loan limits are typically lower than conventional loans and must meet the official HUD minimum property standards. A great option for those with a higher risk profile, but purchasing power is reduced compared to a conventional loan.

Read more about the differences

The Federal Housing Administration (FHA) establishes a maximum loan amount, or loan limit, that it will insure. This is known as the FHA lending limit. These loan limits are calculated and updated annually.

Learn more about how FHA loan limits impact home buyers

Estimated Population (2018): 199,070

Cities and Towns:

• Aurora, MN
• Babbitt, MN
• Biwabik, MN
• Brookston, MN
• Buhl, MN
• Chisholm, MN
• Cook, MN
• Duluth, MN
• Ely, MN
• Eveleth, MN
• Floodwood, MN
• Gilbert, MN
• Hermantown, MN
• Hibbing, MN
• Hoyt Lakes, MN
• Iron Junction, MN
• Kinney, MN
• Leonidas, MN
• McKinley, MN
• Meadowlands, MN
• Mountain Iron, MN
• Orr, MN
• Proctor, MN
• Tower, MN
• Virginia, MN
• Winton, MN
• Bois Forte, MN
• Fond du Lac, MN
• Alango, MN
• Alborn, MN
• Alden, MN
• Angora, MN
• Arrowhead, MN
• Ault, MN
• Balkan, MN
• Bassett, MN
• Beatty, MN
• Biwabik, MN
• Breitung, MN
• Brevator, MN
• Camp 5, MN
• Canosia, MN
• Cedar Valley, MN
• Cherry, MN
• Clinton, MN
• Colvin, MN
• Cotton, MN
• Crane Lake, MN
• Culver, MN
• Duluth, MN
• Eagles Nest, MN
• Ellsburg, MN
• Elmer, MN
• Embarrass, MN
• Fairbanks, MN
• Fayal, MN
• Field, MN
• Fine Lakes, MN
• Floodwood, MN
• Fredenberg, MN
• French, MN
• Gnesen, MN
• Grand Lake, MN
• Great Scott, MN
• Greenwood, MN
• Halden, MN
• Industrial, MN
• Kabetogama, MN
• Kelsey, MN
• Kugler, MN
• Lakewood, MN
• Lavell, MN
• Leiding, MN
• Linden Grove, MN
• McDavitt, MN
• Meadowlands, MN
• Midway, MN
• Morcom, MN
• Morse, MN
• Ness, MN
• New Independence, MN
• Normanna, MN
• North Star, MN
• Northland, MN
• Owens, MN
• Pequaywan, MN
• Pike, MN
• Portage, MN
• Prairie Lake, MN
• Rice Lake, MN
• Sandy, MN
• Solway, MN
• Stoney Brook, MN
• Sturgeon, MN
• Toivola, MN
• Van Buren, MN
• Vermilion Lake, MN
• Waasa, MN
• White, MN
• Willow Valley, MN
• Wuori, MN
• Minnesota Chippewa, MN

Details courtesy of County Insights

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