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FHA loans in Edina, MN

Quick answer

The 2026 FHA loan limit in Edina, MN (Hennepin County) is $552,000 for a single-family home, enough for a purchase price up to about $572,000 with 3.5% down. On the $624,000 median home value, that down payment is about $21,840 and the estimated payment is $5,134/month at 7.18%, which needs roughly $221,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $129,225; value-to-income ratio 4.83. Edina ranks 1 by home value and 19 by population among 101 places in our MN dataset.

What does an FHA loan cost on a typical Edina home?

ItemEdina
Median home value (Census ACS)$624,000
Minnesota median home value$305,500
Down payment (3.5%)$21,840
Loan incl. 1.75% upfront MIP$612,698
Estimated monthly payment (PITI + MI)$5,134
Income needed (28% / 36%)$221,000 / $172,000
Hennepin County 2026 FHA limit (1 unit)$552,000
Max purchase price at the limit$572,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Minnesota's 1.04% effective property tax rate (Census ACS), $1,988/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Edina?

Edina is in Hennepin County where HUD's 2026 one-unit FHA limit is $552,000. With the minimum 3.5% down, that caps the purchase price at about $572,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Edina median home value of $624,000 is 104% above the Minnesota median, and above what the county limit supports.

Which down payment assistance programs can Edina buyers use?

FHA loans in nearby cities

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FHA loan FAQs for Edina

Edina is in Hennepin County, where HUD's 2026 FHA limit for a one-unit home is $552,000. With 3.5% down, that supports a purchase price up to about $572,000.

3.5% of $624,000 is about $21,840 with a 580+ credit score (10%, or $62,400, with a 500–579 score), plus closing costs.

At the $624,000 median value (above the Minnesota median of $305,500), the estimated payment of $5,134/month at 7.18% needs about $221,000 a year under the 28% housing guideline, or $172,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 2 statewide programs are verified for this city (2 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.