One-Time Close Loans | FHA and VA Construction Loans
Learn all about the VA and FHA versions of the One-Time Close Loan.

2023 FHA Construction Loan Limits in MINNESOTA tell homebuyers how much borrowing power they have to build a home. VA Limits are set by the lenders.

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VA Loan - One-Time Close Construction Loan
FHA Loan - One-Time Close Construction Loan

2023 VA and FHA Construction Loan Limits

Borrow for Single Family Home Loans in MINNESOTA Counties

The FHA has a maximum construction loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

Construction loan limits no longer apply to new VA Loans. The Department of Veterans Affairs (commonly referred to as the VA) can now back larger loans than previous allowed. This change doesn't mean that you have unlimited borrowing power. Your lender will still have credit requirements that you need to meet as well as maximum loan amounts based on their own standards. VA lenders establish their own limits based on company policies. The amount we generally see is shown below, labeled as the VA Lender Limit.

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"For 2023, the FHA floor was set at $472,030 for single-family home loans. This lending limit covers most U.S. counties."

87 match(es) found

AITKIN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ANOKA County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
BECKER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BELTRAMI County
BEMIDJI, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BENTON County
ST. CLOUD, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BIG STONE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BLUE EARTH County
MANKATO, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BROWN County
NEW ULM, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CARLTON County
DULUTH, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CARVER County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
CASS County
BRAINERD, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CHIPPEWA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CHISAGO County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
CLAY County
FARGO, ND-MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CLEARWATER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
COOK County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
COTTONWOOD County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CROW WING County
BRAINERD, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DAKOTA County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
DODGE County
ROCHESTER, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DOUGLAS County
ALEXANDRIA, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FARIBAULT County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FILLMORE County
ROCHESTER, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FREEBORN County
ALBERT LEA, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
GOODHUE County
RED WING, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
GRANT County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HENNEPIN County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
HOUSTON County
LA CROSSE-ONALASKA, WI-MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HUBBARD County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ISANTI County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
ITASCA County
GRAND RAPIDS, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JACKSON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KANABEC County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KANDIYOHI County
WILLMAR, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KITTSON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KOOCHICHING County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LAC QUI PARLE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LAKE County
DULUTH, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LAKE OF THE WOO County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LE SUEUR County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
LINCOLN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LYON County
MARSHALL, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MAHNOMEN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MARSHALL County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MARTIN County
FAIRMONT, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MCLEOD County
HUTCHINSON, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MEEKER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MILLE LACS County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
MORRISON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MOWER County
AUSTIN, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MURRAY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
NICOLLET County
MANKATO, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
NOBLES County
WORTHINGTON, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
NORMAN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
OLMSTED County
ROCHESTER, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
OTTER TAIL County
FERGUS FALLS, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PENNINGTON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PINE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PIPESTONE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
POLK County
GRAND FORKS, ND-MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
POPE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
RAMSEY County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
RED LAKE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
REDWOOD County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
RENVILLE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
RICE County
FARIBAULT-NORTHFIELD, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ROCK County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ROSEAU County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SCOTT County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
SHERBURNE County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
SIBLEY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ST. LOUIS County
DULUTH, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
STEARNS County
ST. CLOUD, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
STEELE County
OWATONNA, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
STEVENS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SWIFT County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
TODD County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
TRAVERSE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WABASHA County
ROCHESTER, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WADENA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WASECA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WASHINGTON County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
WATONWAN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WILKIN County
WAHPETON, ND-MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WINONA County
WINONA, MN
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WRIGHT County
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $515,200
YELLOW MEDICINE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030

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