Fillmore County FHA Loan Calculator

In Fillmore County, the typical FHA buyer puts 16.27% down on a $253,039 home, requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. This makes FHA ideal for those with sub-620 credit, as the 83.73% LTV ratio signals accessible entry. The 0.81% effective tax rate, adjusted upward by 4.2% for inflation, adds $1,718 annually to true monthly costs. For buyers using an FHA loan down payment strategy in Fillmore County, Minnesota, understanding these tax impacts and permanent MIP is crucial. All data reflects 100% primary residences, not investments.