FHA VS Conventional loan programs in Cannon-Falls, Goodhue County, Minnesota

For the year 2026, the Conventional loan limit in Cannon-Falls, located in Goodhue county, MN, stands at $647,200. In comparison, the FHA loan limit for a single-family dwelling is set at $420,680.

The Lendersa® Conventional loan calculator allows you to compare the best rates today, including Conventional versus FHA versus USDA. It helps determine the income, credit, reserves, and documents needed for qualification. Our sophisticated mortgage calculator displays Conforming Conventional loans, USDA, FHA, and VA together, aiding you in choosing the best program in MN for your financial circumstances.

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2026 loan limits and down payment requirements in Cannon-Falls, Goodhue county, MN

Loan Type Loan Limit Down Payment
Conventional Conforming $647,200 3%
USDA $285,000 0%
FHA $420,680 3.5%

These details are relevant for the following zip codes: 55009

Exploring loan options: Conventional and FHA in Cannon-Falls, MN

At Lendersa®, our mission is to swiftly secure the best possible Conventional, USDA, or FHA loan for you without unnecessary fuss. Choose a starting point from these three paths to find suitable lenders and loan programs.

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Cannon-Falls Lenders

  • Twin City Lending
  • 101 East 5th Street, Suite 205, Northfield, MN, 55057
  • Lends in Minnesota
  • TwinCity Lending, we are honored to help you achieve the American dream through homeownership. We are Minnesota’s premier mortgage broker, and we deliver top-notch results through our concierge service.We love being part of a community that we can serve with excellence and integrity.

  • Red Wing Credit Union
  • 3303 North Service Drive, Red Wing, MN, 55066
  • Lends in Minnesota
  • Red Wing Shoe Company employees decided to form a cooperative from which they could save and borrow at reasonable rates. The Red Wing Shoe Company Employees Credit Union began operation on June 1, 1954 in Plant 1 of the Red Wing Shoe Company, operated by members/volunteers. Professional staff was hired as the credit union grew,

  • SJD Mortgage Services
  • 142 Cannon View Dr, Red Wing, MN, 55066
  • Lends in Minnesota
  • SJD Mortgage Services is a community lender that has been serving Minnesota home owners since 2004. SJD Mortgage Services has its office located in beautiful Red Wing Minnesota, one hour south east of Minneapolis, MN. At SJD Mortgage Services, our mission is to set a high standard in the mortgage industry.

  • The First State Bank of Rosemount
  • 3025 145th Street West, Rosemount, MN, 55068
  • Lends in Minnesota
  • In 1909 S.A. Netland opened the State Bank of Rosemount. It was the first locally owned independent bank in the city of Rosemount. Mr. Netland also owned banks in Bixby, Northfield, Carlos and Mendota. In 1909 the Bank had a capital of $10,000, and the total cost of the building, including the vault and fixtures was $4,050.

  • Heritage Bank Minnesota
  • 181 Main Street, West Concord, MN, 55985
  • Lends in Minnesota
  • Heritage Bank is proud of its southern Minnesota history, rooted in local family ownership. Known as Farmers State Bank from 1930-2018, this community bank originated in West Concord, Minnesota.

    In 1966, current owners, Al and Mary Ellen Organ, moved from the Rice Lake, Wisconsin area to West Concord.

  • American Land & Capital LLC
  • 16233 Kenyon Avenue, Suite 120, Lakeville, MN, 55044
  • Lends in Minnesota
  • AMERICAN LAND & CAPITAL providing construction mortgage loan financing for builders, remodelers and land developers in Minnesota, Wisconsin, North Dakota, South Dakota, and Florida. Call AMERICAN LAND & CAPITAL for construction mortgages in the upper midwest.

    AMERICAN LAND & CAPITAL services include New Home Construction Mortgages, etc

  • Reliance Bank
  • 2300 30th Street Northwest, Faribault, MN, 55021
  • Lends in Minnesota
  • On August 13, 2007 Reliance Bank opened its doors to the community of Faribault as a State Chartered, FDIC insured, full-service bank. Staffed with nine experienced bank employees, Reliance set off on a mission to become the best community bank. After its first full year of operation, Reliance Bank was given the coveted Faribault Area

  • Heartland Credit Union - Minnesota
  • 5500 South Robert Trail, Inver Grove Heights, MN, 55077
  • Lends in Minnesota
  • Heartland Credit Union is a not-for-profit financial cooperative focused on helping members achieve their financial dreams. Our members enjoy low loan rates, fewer fees and friendly, personal service. At Heartland we take pride in getting to know our members, their stories and their goals.

  • Frandsen Bank & Trust
  • 116 Central St W, Lonsdale, MN, 55046
  • Lends in Minnesota
  • Frandsen Bank & Trust is a full-service community Bank with offices in Minnesota, North Dakota, and Wisconsin. Our complete selection of Banking products and services is delivered with superior customer service. We proudly offer business and personal Banking solutions along with wealth management trust* services.