FHA Loan Limits in Hennepin County, Minnesota (2026)
Buying in Hennepin County or elsewhere in Hennepin County? The 2026 FHA single-family limit across the county is $541,287. That matches the national FHA floor used across most of the Midwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
Every community in Hennepin County — Hennepin County — shares the same 2026 FHA limits shown above, which differ from those in adjacent Ramsey and Dakota Counties.
FHA affordability around Hennepin County
With Hennepin County's median sale price estimated near $360,000 (think Hennepin County), the FHA down payment is roughly $12,600. Factoring Minnesota property taxes near 1.11%, expect about $2,785 monthly, pointing to income near $108,000 — above Minnesota's $84,313 median household income, so budget carefully.
FHA payment scenarios in Hennepin County
Whether you are buying in Hennepin County or a smaller Hennepin County community, here is how an FHA payment scales by price (3.5% down, 6.25% sample rate):
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $259,000 | $9,065 | $2,037 |
| Local median — $360,000 | $12,600 | $2,785 |
| At the FHA limit — $541,287 | $18,945 | $4,129 |
Estimates include FHA MIP plus Minnesota property taxes and insurance. Rates move daily near Hennepin County too — get notified.
Buyers across Hennepin County pair FHA with local down-payment assistance to keep upfront cash low — often turning the $12,600 down payment near Hennepin County into little out of pocket.
Multi-unit FHA limits in Hennepin County
Investors and house-hackers in Hennepin County and across Hennepin County can finance 2-4 unit homes with FHA at just 3.5% down: $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
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Frequently Asked Questions
- What is the FHA loan limit in Hennepin County for 2026?
- In Hennepin County (Hennepin County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Hennepin County with FHA?
- For a median-priced ($360,000) Hennepin County home, plan on income around $108,000 at a 31% housing ratio — about $2,785/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Hennepin County?
- 3.5% with a 580+ score — roughly $12,600 on a $360,000 Hennepin County-area home. Gift funds are allowed.
- Is Hennepin County a high-cost FHA area?
- No — Hennepin County uses the $541,287 national floor for one unit.