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Twin Cities · MinnesotaMortgage lender in Hennepin County, MN
Yes. Stellar Mortgage Corporation, NMLS #2190975, is licensed in Minnesota and makes purchase and refinance loans in Hennepin County: conventional, FHA, VA, USDA, jumbo and non-QM. Steve Umansky, NMLS #61764, is our licensed loan officer for Minnesota. For 2026 the one-unit conforming loan limit here is $832,750 and the FHA limit is $552,000.
Reviewed by Steve Umansky, Sr. Branch Manager, NMLS #61764,
Buying in Hennepin County
Hennepin County, with its county seat in Minneapolis, also takes in Bloomington, Brooklyn Park, Plymouth, Maple Grove, Eden Prairie, Edina and Minnetonka. Hennepin County files are handled by Steve Umansky, Sr. Branch Manager, NMLS #61764, who is licensed in Minnesota, from our Southampton, PA office.
- 2026 conforming limit
- $832,750
- 2026 FHA limit
- $552,000 (one-unit, set by HUD)
- Above the conforming limit
- Jumbo pricing
- Closing commonly handled by
- title company
- State housing agency
- Minnesota Housing (general information; not a participating lender)
- Your officer
- Steve Umansky, NMLS #61764
2026 limits for a one-unit property. Hennepin County is not designated a high-cost area for conforming loans, so the national baseline of $832,750 applies. Sources: FHFA conforming loan limit values and HUD FHA mortgage limits.
Hennepin County: Minneapolis and the western suburbs
Minneapolis has older single-family homes, duplexes and many condominiums. The city requires a truth-in-sale-of-housing report when a home is sold, which is worth reading alongside your inspection. Buying a duplex to live in follows owner-occupant rules, and a condominium means the association is reviewed along with the buyer.
Edina, Minnetonka, Plymouth, Maple Grove and Eden Prairie are higher-priced suburbs with many townhome associations. Around Lake Minnetonka, prices often exceed the conforming limit, where jumbo loans apply. Hennepin’s deed tax is slightly higher than the statewide rate, and the state’s mortgage registry tax also applies; both are in your estimate.
Hennepin County by the numbers
- Median home value
- $392,900 (Census Bureau, ACS 2020–2024, table B25077)
- Typical property tax
- About 1.14% of home value a year: median tax bill $4,480 on a median value of $392,900 (Census Bureau, ACS 2020–2024, table B25103)
- Transfer tax
- Deed tax of 0.34% of the price in Hennepin County (Minn. Stat. § 287.21)
- Largest communities
- Minneapolis, Bloomington, Brooklyn Park, Plymouth (Census Bureau, ACS 2020–2024, table B01003)
The county median home value is $392,900. The 2026 one-unit conforming loan limit here is $832,750 and the FHA limit is $552,000.
Census figures are survey estimates for owner-occupied homes, not appraisals or tax quotes. We use the actual tax bill for the property when we quote.
Closing and programs in Minnesota
Closings in Minnesota are typically handled by a title company. The closing process, state transfer and recording taxes and first-time buyer programs are covered on the Minnesota page. Property taxes are set locally; we take the figure from the tax record for the address.
Questions Hennepin County buyers ask
Does Stellar Mortgage lend in Hennepin County, MN?
Yes. Stellar Mortgage Corporation, NMLS #2190975, is licensed in Minnesota and makes purchase and refinance loans in Hennepin County: conventional, FHA, VA, USDA, jumbo and non-QM. Steve Umansky, NMLS #61764, is our licensed loan officer for Minnesota and works Minnesota files from our Southampton, PA office by phone, secure portal and e-signature.
What are the 2026 loan limits in Hennepin County?
For 2026 the conforming loan limit for a one-unit home in Hennepin County is $832,750 and the FHA limit is $552,000. Hennepin County is not designated a high-cost area for conforming loans, so the national baseline of $832,750 applies. Limits for two- to four-unit properties are higher.
Is there down payment help for buyers in Hennepin County?
The Minnesota Housing runs Minnesota’s homebuyer programs, which can include help with the down payment and closing costs for buyers who meet its income and price limits. Stellar Mortgage is not a participating lender for those programs, so this is general information; the agency’s website lists participating lenders.
Who pays the transfer tax in Hennepin County?
The deed tax is 0.33 percent of the price, or 0.34 percent in Hennepin and Ramsey counties. A separate mortgage registry tax applies when the mortgage is recorded. The contract sets who pays the deed tax.
Limits shown are the 2026 FHFA and HUD figures for Hennepin County. Loan limits, tax rates and agency programs are set by third parties and change. Not a commitment to lend.
Get pre-approved in Hennepin County
Three quick steps, about a minute. No Social Security number, no pay stubs. Steve calls you back, usually the same business day.
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“You were always professional, responsive, patient, and helpful, and you made what could have been a stressful process feel smooth and easy.”Yelda A., North Wales, PA · verified review on Experience.com
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