Explore the differences! FHA VS Conventional loan programs in Crookston, Polk County, Minnesota

In 2026, the limit for conventional loans in Crookston, located within the county of Polk, MN, is $726,200, while the FHA loan limit for a single-family residence is $472,030.

With Lendersa®'s Conventional loan calculator, you can compare today's optimal rates between Conventional, FHA, and USDA loans. This tool helps determine the necessary income, credit, reserves, and documents for eligibility. Our sophisticated mortgage calculator allows side-by-side comparisons of Conforming Conventional loans, USDA, FHA, and VA, helping you to decide which program is optimal for your financial situation in MN.

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2026 Loan Limits and Down Payment Requirements in Crookston, County of Polk, MN

Loan Type Loan Limit Down Payment
Conventional Conforming $726,200 3%
USDA $336,500 0%
FHA $472,030 3.5%

This table is applicable to the following zip codes: 56716

Available Conventional and FHA Loan Options in Crookston, MN

Lendersa® aims to connect you with the best Conventional, USDA, or FHA loans quickly and with ease. Choose one of three starting points to find matching lenders and tailored loan programs.

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Crookston Lenders

  • Mid Minnesota Federal Credit Union
  • 104 3rd Ave W, Ada, MN, 56510
  • Lends in Minnesota
  • Mid Minnesota Federal Credit Union serves all of Cass, Crow Wing, Douglas, Morrison, Norman, Otter Tail, Todd, and Wadena Counties. If you live, work, worship, or attend school in any of these geographic regions, or are a relative of someone who live, works, worships, or attends school in these areas, you are eligible for membership.

  • Ultima Bank
  • 9 West Minnesota Avenue, Winger, MN, 56592
  • Lends in Minnesota
  • Ultima Bank Minnesota originated as Farmers State Bank of Winger and was founded in 1904 in Winger, Minnesota, a small farming community in the northwest corner of the state. As typical of such communities, Winger's population peaked in the 1940's and then began to drop from about 400 to a little over 200 people today.

  • Marshall County State Bank
  • 118 East Minnesota Avenue, Newfolden, MN, 56738
  • Lends in Minnesota
  • Marshall County State Bank is a full-service bank. The bank accepts deposits, makes loans and provides other services for the public. Serving the heart of Marshall County. We are here to serve you! Offering personal banking needs, loan services and insurance. Marshall County State Bank is your trusted local partner for all types of mortgage loans.

  • Community Development Bank
  • 516 Main Street, Ogema, MN, 56569
  • Lends in Minnesota
  • Community Development Bank was founded in 1906 and purchased by three non-profit Community Development Corporations in 2001. A for-profit financial institution owned by non-profit Community Development Corporations is very unique and brings significant economic development resources to the communities we serve