St. Cloud FHA Loan Rates, Closing Costs & Stats

ST. CLOUD, MN

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    St. Cloud's 68 lenders originated 370 FHA loans during 2024. The total origination value was $88,660,000, with an average FHA loan value of $239,622.

    St. Cloud FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in St. Cloud averaged 6.01% for the week of 2026-01-16, compared to the national average (all FHA variants) of 5.906% for the same period.

    St. Cloud's average FHA mortgage closing costs are $7,498.

    The average rate for the prior week (2026-01-09) was 6.39% and one month ago for the week of 2025-12-12, the average rate was 6.16%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2026-01-16, the average rate was 6%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    St. Cloud FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the St. Cloud level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 35 6.14% $13,745
    FREEDOM MORTGAGE CORPORATION 30 6.51% $12,167
    QUICKEN LOANS, LLC 28 6.20% $10,642
    HOMEOWNERS FINANCIAL GROUP USA, LLC 20 6.71% $10,140
    BROKER SOLUTIONS, INC. 20 6.98% $11,916
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.85% $11,572
    PLAZA HOME MORTGAGE, INC. 15 6.60% $9,796
    CROSSCOUNTRY MORTGAGE, LLC 14 6.55% $9,346
    EVERETT FINANCIAL, INC. 12 7.06% $9,707
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.60% $10,235
    PENNYMAC LOAN SERVICES, LLC 8 6.30% $10,778
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.05% $10,541
    PREMIER LENDING, INC. 7 7.09% $11,651
    NEWREZ LLC 5 6.30% $9,625
    Carrington Mortgage Services, LLC 4 6.00% $10,372
    Prosperity Home Mortgage, LLC 3 6.21% $9,620
    Nations Lending Corporation 3 6.71% $10,596
    CARDINAL FINANCIAL 3 6.92% $13,544
    LOANDEPOT.COM, LLC 3 6.58% $12,306
    Plains Commerce Bank 3 7.29% $11,485
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.54% $10,604
    MOVEMENT MORTGAGE, LLC 3 6.54% $10,941
    Royal Credit Union 3 6.79% $9,888
    Flagstar Bank, FSB 3 6.00% $11,045
    UNION HOME MORTGAGE CORP. 3 6.67% $8,713
    Cambria Financial Group, LLC 2 6.88% $9,507
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.25% $11,355
    NBKC BANK 2 6.25% $10,221
    Equity Prime Mortgage LLC 2 6.19% $7,464
    Mr. Cooper ( Nationstar Mortgage ) 2 6.75% $13,249
    Tradition Mortgage, LLC 2 6.19% $9,234
    American Mortgage & Equity Consultants, Inc. 2 7.12% $10,558
    Granite Community Bank 2 6.75% $10,487
    Wells Fargo Bank 2 6.81% $8,157
    AMERICAN FINANCIAL NETWORK, INC. 2 6.94% $11,368
    GUARANTEED RATE, INC. 2 6.25% $9,346
    Hometown Equity Mortgage, LLC 2 6.00% $11,394
    Liberty Bank Minnesota 2 6.56% $7,870
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.56% $10,810
    CMG MORTGAGE, INC. 2 6.31% $11,711
    ZILLOW HOME LOANS, LLC 1 6.38% $9,338
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $7,627
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $15,799
    Bell Bank 1 5.75% $11,232
    BETTER MORTGAGE CORPORATION 1 6.50% $9,128
    CANOPY MORTGAGE, LLC 1 7.13% $8,963
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $14,263
    CORTRUST MORTGAGE, INC. 1 6.50% $6,444
    EMM LOANS LLC 1 5.75% $12,416
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $19,782
    Gate City Bank 1 5.75% $11,541
    GENEVA FINANCIAL, LLC 1 7.13% $12,825
    GUARANTEED RATE AFFINITY, LLC 1 7.00% $8,825
    INTERCAP LENDING INC. 1 5.50% $12,677
    Ixonia Bank 1 6.50% $10,933
    Merchants Bank 1 6.63% $9,275
    MILEND, INC. 1 5.99% $12,754
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $13,030
    NATIONS DIRECT MORTGAGE, LLC 1 5.99% $11,979
    PLANET HOME LENDING, LLC 1 6.25% $5,063
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $8,848
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $8,840
    Servion, Inc. 1 7.38% $6,805
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $7,727
    Summit Mortgage Corporation 1 6.50% $7,798
    The Huntington National Bank 1 6.38% $9,620
    U.S. Bank 1 6.13% $7,063
    Waterstone Mortgage Corporation 1 7.13% $11,115

    The top St. Cloud FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 35 FHA loans originated. Their average total fees are $13,745, which is $1,579 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee St. Cloud FHA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($9,346), EVERETT FINANCIAL, INC. ($9,707), PLAZA HOME MORTGAGE, INC. ($9,796), HOMEOWNERS FINANCIAL GROUP USA, LLC ($10,140) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($10,235).

    The lowest rate St. Cloud FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.14%), QUICKEN LOANS, LLC (6.20%), FREEDOM MORTGAGE CORPORATION (6.51%), CROSSCOUNTRY MORTGAGE, LLC (6.55%) and PLAZA HOME MORTGAGE, INC. (6.60%).

    St. Cloud FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ST. CLOUD, MN BENTON 2022 $420,680 $538,650 $651,050 $809,150
    ST. CLOUD, MN STEARNS 2022 $420,680 $538,650 $651,050 $809,150
    ST. CLOUD, MN BENTON 2023 $472,030 $604,400 $730,525 $907,900
    ST. CLOUD, MN STEARNS 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - St. Cloud (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $212,975 (8.0%) $249,381 (4.2%) 0.79 0
    2018-02-01 $217,675 (0.1%) $259,815 (3.1%) 0.79 0
    2018-03-01 $224,900 (0.0%) $270,566 (2.0%) 0.79 0
    2018-04-01 $249,950 (12.3%) $286,099 (8.2%) 0.85 0
    2018-05-01 $249,950 (13.7%) $291,671 (11.4%) 0.83 0
    2018-06-01 $254,900 (18.3%) $293,414 (12.8%) 0.85 0
    2018-07-01 $248,350 (18.3%) $291,583 (13.7%) 0.83 0
    2018-08-01 $247,200 (17.7%) $289,484 (13.4%) 0.83 0
    2018-09-01 $240,000 (14.3%) $284,748 (11.4%) 0.81 0
    2018-10-01 $247,175 (17.8%) $284,223 (11.2%) 0.84 0
    2018-11-01 $229,950 (10.0%) $273,979 (8.4%) 0.78 0
    2018-12-01 $229,948 (9.5%) $275,031 (8.9%) 0.79 0
    2019-01-01 $232,400 (9.1%) $276,566 (10.9%) 0.80 0
    2019-02-01 $236,950 (8.9%) $278,034 (7.0%) 0.80 0
    2019-03-01 $244,186 (8.6%) $286,589 (5.9%) 0.80 0
    2019-04-01 $249,186 (-0.3%) $290,251 (1.5%) 0.79 0
    2019-05-01 $249,900 (0.0%) $285,905 (-2.0%) 0.78 0
    2019-06-01 $249,900 (-2.0%) $286,802 (-2.3%) 0.78 0
    2019-07-01 $245,875 (-1.0%) $284,921 (-2.3%) 0.77 0
    2019-08-01 $235,318 (-4.8%) $276,272 (-4.6%) 0.75 0
    2019-09-01 $232,270 (-3.2%) $270,958 (-4.8%) 0.74 0
    2019-10-01 $229,950 (-7.0%) $267,267 (-6.0%) 0.74 0
    2019-11-01 $229,900 (0.0%) $267,039 (-2.5%) 0.75 0
    2019-12-01 $232,000 (0.9%) $268,986 (-2.2%) 0.77 0
    2020-01-01 $229,925 (-1.1%) $266,935 (-3.5%) 0.77 0
    2020-02-01 $250,000 (5.5%) $287,535 (3.4%) 0.82 0
    2020-03-01 $269,900 (10.5%) $300,822 (5.0%) 0.85 0
    2020-04-01 $267,950 (7.5%) $303,831 (4.7%) 0.84 0
    2020-05-01 $269,900 (8.0%) $304,052 (6.4%) 0.82 0
    2020-06-01 $271,425 (8.6%) $310,306 (8.2%) 0.80 0
    2020-07-01 $269,325 (9.5%) $310,786 (9.1%) 0.78 0
    2020-08-01 $258,950 (10.0%) $307,415 (11.3%) 0.74 0
    2020-09-01 $266,175 (14.6%) $316,149 (16.7%) 0.76 0
    2020-10-01 $259,400 (12.8%) $312,681 (17.0%) 0.74 0
    2020-11-01 $252,450 (9.8%) $307,738 (15.2%) 0.74 0
    2020-12-01 $250,725 (8.1%) $311,778 (15.9%) 0.75 0
    2021-01-01 $249,950 (8.7%) $317,645 (19.0%) 0.75 0
    2021-02-01 $272,450 (9.0%) $350,784 (22.0%) 0.79 0
    2021-03-01 $297,396 (10.2%) $367,540 (22.2%) 0.84 0
    2021-04-01 $297,450 (11.0%) $355,863 (17.1%) 0.81 0
    2021-05-01 $299,900 (11.1%) $368,103 (21.1%) 0.80 0
    2021-06-01 $284,925 (5.0%) $347,958 (12.1%) 0.75 0
    2021-07-01 $293,450 (9.0%) $351,267 (13.0%) 0.77 0
    2021-08-01 $289,950 (12.0%) $344,650 (12.1%) 0.77 0
    2021-09-01 $295,950 (11.2%) $342,646 (8.4%) 0.79 0
    2021-10-01 $284,950 (9.9%) $332,022 (6.2%) 0.76 0
    2021-11-01 $293,450 (16.2%) $334,994 (8.9%) 0.78 0
    2021-12-01 $299,900 (19.6%) $347,124 (11.3%) 0.81 0
    2022-01-01 $315,000 (26.0%) $360,734 (13.6%) 0.85 0
    2022-02-01 $322,900 (18.5%) $380,050 (8.3%) 0.84 0
    2022-03-01 $329,950 (11.0%) $399,942 (8.8%) 0.83 0
    2022-04-01 $349,900 (17.6%) $407,909 (14.6%) 0.83 0
    2022-05-01 $339,650 (13.3%) $406,284 (10.4%) 0.78 0
    2022-06-01 $328,450 (15.3%) $386,778 (11.2%) 0.73 0
    2022-07-01 $325,000 (10.8%) $381,650 (8.7%) 0.73 0
    2022-08-01 $335,900 (15.9%) $388,510 (12.7%) 0.78 0
    2022-09-01 $329,925 (11.5%) $380,471 (11.0%) 0.77 0
    2022-10-01 $335,000 (17.6%) $389,410 (17.3%) 0.79 0
    2022-11-01 $325,000 (10.8%) $379,659 (13.3%) 0.78 0
    2022-12-01 $325,000 (8.4%) $384,662 (10.8%) 0.80 0
    2023-01-01 $336,150 (6.7%) $386,875 (7.3%) 0.83 0
    2023-02-01 $354,925 (9.9%) $392,884 (3.4%) 0.86 0
    2023-03-01 $357,650 (8.4%) $405,380 (1.4%) 0.84 0
    2023-04-01 $374,900 (7.1%) $417,215 (2.3%) 0.87 0
    2023-05-01 $368,650 (8.5%) $431,155 (6.1%) 0.84 0
    2023-06-01 $354,975 (8.1%) $413,083 (6.8%) 0.80 0
    2023-07-01 $357,450 (10.0%) $410,184 (7.5%) 0.81 0
    2023-08-01 $354,900 (5.7%) $405,962 (4.5%) 0.81 0
    2023-09-01 $349,000 (5.8%) $404,167 (6.2%) 0.81 0
    2023-10-01 $329,125 (-1.8%) $387,745 (-0.4%) 0.77 0
    2023-11-01 $316,675 (-2.6%) $378,485 (-0.3%) 0.75 0
    2023-12-01 $319,900 (-1.6%) $377,852 (-1.8%) 0.78 0
    2024-01-01 $323,750 (-3.7%) $379,122 (-2.0%) 0.79 0
    2024-02-01 $334,925 (-5.6%) $388,519 (-1.1%) 0.81 0
    2024-03-01 $350,000 (-2.1%) $418,496 (3.2%) 0.82 0
    2024-04-01 $373,675 (-0.3%) $429,448 (2.9%) 0.87 0
    2024-05-01 $379,900 (3.1%) $436,087 (1.1%) 0.86 0
    2024-06-01 $375,000 (5.6%) $430,208 (4.2%) 0.85 0
    2024-07-01 $361,500 (1.1%) $427,078 (4.1%) 0.83 0
    2024-08-01 $359,000 (1.2%) $416,384 (2.6%) 0.83 0
    2024-09-01 $338,050 (-3.1%) $409,281 (1.3%) 0.80 0
    2024-10-01 $332,700 (1.1%) $405,833 (4.7%) 0.79 0
    2024-11-01 $326,000 (2.9%) $399,927 (5.7%) 0.78 0
    2024-12-01 $321,350 (0.5%) $396,843 (5.0%) 0.80 0
    2025-01-01 $319,925 (-1.2%) $384,046 (1.3%) 0.80 0
    2025-02-01 $329,225 (-1.7%) $393,898 (1.4%) 0.80 0
    2025-03-01 $359,450 (2.7%) $411,385 (-1.7%) 0.85 0
    2025-04-01 $358,350 (-4.1%) $412,001 (-4.1%) 0.83 0
    2025-05-01 $347,695 (-8.5%) $409,388 (-6.1%) 0.79 0
    2025-06-01 $342,400 (-8.7%) $402,484 (-6.4%) 0.78 0
    2025-07-01 $341,650 (-5.5%) $408,360 (-4.4%) 0.78 0
    2025-08-01 $339,000 (-5.6%) $398,442 (-4.3%) 0.79 0
    2025-09-01 $335,000 (-0.9%) $395,949 (-3.3%) 0.79 0
    2025-10-01 $330,000 (-0.8%) $391,498 (-3.5%) 0.78 0
    2025-11-01 $329,900 (1.2%) $388,008 (-3.0%) 0.79 0
    2025-12-01 $328,150 (2.1%) $384,202 (-3.2%) 0.82 0
    St. Cloud's median listing price for 2025-12-01 was $328,150, a difference of $6,800 (2.1%) versus the prior year and $-1,750 versus the prior month.

    St. Cloud's median listing price comes in at 82% of the national average.

    St. Cloud's average listing price for 2025-12-01 was $384,202, a difference of $-12,641 (-3.2%) versus the prior year and $-3,806 versus the prior month.

    For the 2025-12-01 period, St. Cloud had 0 MLS listings, a difference of 0 listings versus the prior month and 0 listings versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - St. Cloud (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 88 days 1,815 sqft
    2018-02-01 65 days 1,871 sqft
    2018-03-01 54 days 1,900 sqft
    2018-04-01 52 days 1,999 sqft
    2018-05-01 46 days 2,016 sqft
    2018-06-01 45 days 2,041 sqft
    2018-07-01 51 days 2,047 sqft
    2018-08-01 57 days 2,045 sqft
    2018-09-01 57 days 2,044 sqft
    2018-10-01 55 days 2,003 sqft
    2018-11-01 61 days 1,947 sqft
    2018-12-01 80 days 1,851 sqft
    2019-01-01 87 days 1,850 sqft
    2019-02-01 78 days 1,841 sqft
    2019-03-01 59 days 1,900 sqft
    2019-04-01 39 days 1,999 sqft
    2019-05-01 38 days 1,966 sqft
    2019-06-01 42 days 1,974 sqft
    2019-07-01 47 days 1,981 sqft
    2019-08-01 54 days 1,974 sqft
    2019-09-01 64 days 1,951 sqft
    2019-10-01 70 days 1,926 sqft
    2019-11-01 77 days 1,931 sqft
    2019-12-01 89 days 1,959 sqft
    2020-01-01 86 days 1,968 sqft
    2020-02-01 75 days 2,043 sqft
    2020-03-01 51 days 2,105 sqft
    2020-04-01 46 days 2,101 sqft
    2020-05-01 47 days 2,071 sqft
    2020-06-01 46 days 2,063 sqft
    2020-07-01 48 days 2,055 sqft
    2020-08-01 47 days 2,128 sqft
    2020-09-01 45 days 2,109 sqft
    2020-10-01 47 days 2,025 sqft
    2020-11-01 55 days 1,929 sqft
    2020-12-01 66 days 1,900 sqft
    2021-01-01 69 days 1,848 sqft
    2021-02-01 47 days 1,905 sqft
    2021-03-01 39 days 1,923 sqft
    2021-04-01 32 days 1,920 sqft
    2021-05-01 35 days 1,957 sqft
    2021-06-01 30 days 1,916 sqft
    2021-07-01 34 days 1,952 sqft
    2021-08-01 35 days 1,945 sqft
    2021-09-01 39 days 1,934 sqft
    2021-10-01 43 days 1,909 sqft
    2021-11-01 50 days 1,931 sqft
    2021-12-01 60 days 1,946 sqft
    2022-01-01 77 days 1,911 sqft
    2022-02-01 58 days 2,212 sqft
    2022-03-01 33 days 2,217 sqft
    2022-04-01 23 days 2,256 sqft
    2022-05-01 21 days 2,105 sqft
    2022-06-01 29 days 2,055 sqft
    2022-07-01 39 days 2,100 sqft
    2022-08-01 39 days 2,124 sqft
    2022-09-01 46 days 2,065 sqft
    2022-10-01 46 days 2,060 sqft
    2022-11-01 57 days 1,978 sqft
    2022-12-01 71 days 1,945 sqft
    2023-01-01 78 days 1,870 sqft
    2023-02-01 73 days 2,002 sqft
    2023-03-01 44 days 2,131 sqft
    2023-04-01 44 days 2,061 sqft
    2023-05-01 34 days 2,010 sqft
    2023-06-01 30 days 2,036 sqft
    2023-07-01 37 days 2,028 sqft
    2023-08-01 46 days 2,052 sqft
    2023-09-01 46 days 2,079 sqft
    2023-10-01 45 days 2,007 sqft
    2023-11-01 53 days 1,953 sqft
    2023-12-01 66 days 1,868 sqft
    2024-01-01 62 days 1,936 sqft
    2024-02-01 59 days 2,013 sqft
    2024-03-01 36 days 2,019 sqft
    2024-04-01 38 days 2,135 sqft
    2024-05-01 32 days 2,083 sqft
    2024-06-01 39 days 2,102 sqft
    2024-07-01 44 days 2,123 sqft
    2024-08-01 40 days 2,032 sqft
    2024-09-01 43 days 2,042 sqft
    2024-10-01 49 days 2,002 sqft
    2024-11-01 58 days 1,980 sqft
    2024-12-01 66 days 1,898 sqft
    2025-01-01 71 days 1,867 sqft
    2025-02-01 61 days 1,912 sqft
    2025-03-01 37 days 2,000 sqft
    2025-04-01 34 days 1,995 sqft
    2025-05-01 36 days 2,019 sqft
    2025-06-01 38 days 2,004 sqft
    2025-07-01 45 days 1,995 sqft
    2025-08-01 52 days 1,990 sqft
    2025-09-01 46 days 2,006 sqft
    2025-10-01 49 days 1,979 sqft
    2025-11-01 56 days 1,963 sqft
    2025-12-01 65 days 1,886 sqft
    St. Cloud's median listing age (time on market) for 2025-12-01 was 65 days. This is -2% shorter than the same period one year ago.

    St. Cloud's median square footage for active listings during the 2025-12-01 period was 1,886 sqft. One year prior, the average listing was 1,898 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).