Mortgage pre-approval in Minnesota.

Closing commonly handled by

title company

State housing agency

Minnesota Housing

Stellar agency approval

Not a participating lender

2026 conforming limit

$832,750 in every county

2026 FHA limit

$541,287 to $552,000, by county

Our license

Residential Mortgage Originator License

Company NMLS

#2190975

Your officer

Steve Umansky, NMLS #61764

What we offer in Minnesota

Purchase and refinance loans for primary residences, second homes and investment properties. We offer conventional loans with low down payment options, FHA loans with a low down payment, VA and USDA loans with little or no money down for eligible buyers and properties, and jumbo, renovation and non-QM financing, including bank statement and DSCR loans. Full list: all loan programs.

How closings work in Minnesota

Minnesota closings are commonly handled by a title company. The state also charges a mortgage registry tax when the mortgage is recorded, separate from the deed tax, and both appear in your estimate.

Transfer and recording taxes. Minnesota’s deed tax is 0.33 percent of the price. Hennepin and Ramsey counties add 0.01 percent, for 0.34 percent there. The state also charges a separate mortgage registry tax when the mortgage is recorded. The contract sets who pays the deed tax. Source: Minn. Stat. § 287.21 and Minnesota Department of Revenue, deed tax rate. Property taxes are set locally; we take the figure from the tax record for the address.

Loan limits in Minnesota

For 2026 the conforming loan limit for a one-unit home is $832,750 in every county. Loans above the county limit are jumbo. FHA limits are set separately by HUD for each county. Sources: FHFA conforming loan limit values and HUD FHA mortgage limits.

First-time buyer programs in Minnesota

The Minnesota Housing runs Minnesota’s homebuyer programs, which can include a first mortgage and help with the down payment and closing costs for buyers who meet its income and purchase price limits. This is general information: Stellar Mortgage is not a participating lender for these programs. We offer conventional loans with low down payment options, FHA loans with a low down payment, VA and USDA loans with little or no money down for eligible buyers and properties, and jumbo, renovation and non-QM financing, and we will tell you when an agency program looks like the better fit. Official source: Minnesota Housing. See also our first-time buyer guide.

USDA eligibility is decided address by address: check the property on the USDA eligibility map. VA: no VA minimum credit score; lender overlays apply.

Questions Minnesota buyers ask

Loan limits, tax rates and agency programs are set by third parties and change. Confirm current figures before relying on them. Not a commitment to lend.