Explore the differences! FHA VS Conventional loan programs in Elko-New-Market, Scott County, Minnesota
In the year 2025, the Conventional loan limit in Elko-New-Market, situated in Scott county, MN, is established at $647,200. Meanwhile, for a single-family home, the FHA limit is $448,500.
Utilize the Lendersa® Conventional loan calculator to efficiently compare the leading rates for Conventional, FHA, and USDA loans today. Determine the necessary income, credit score, reserves, and paperwork needed for a successful application. Our advanced mortgage calculator allows a side-by-side comparison of Conforming Conventional loans with USDA, FHA, and VA options, aiding you in selecting the most appropriate program for your financial circumstances in MN.
2025 Loan Limits and Down Payment Requirements in Elko-New-Market, Scott, MN
Loan Type
Maximum Loan Amount
Minimum Down Payment
Conventional Conforming
$647,200
3%
USDA
$322,000
0%
FHA
$448,500
3.5%
Note: The comparison table is relevant for the following zip codes: 55020, 55054
Options for Conventional and FHA Loans in Elko-New-Market, MN
Lendersa® is committed to securing for you the best Conventional, USDA, or FHA loan swiftly and effortlessly. Begin with any of these three strategies to find the lenders and programs that match your needs.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan
SouthWest Communities means members enjoy higher dividends than banks, lower loan rates, low to no fees, & more personalized service than traditional banking, while still having access to the same conveniences, including: free online banking, mobile deposit, bill pay services, free checking, CD's, Christmas & vacation.
"Since 1997, our team at Princeton has built a strong and trusted reputation as a regional mortgage lender. We serve the various lending needs of real estate professionals, builders, & individual homebuyers throughout Pennsylvania & West Virginia. mortgage lender. We serve the various lending needs of real
We’re a full service mortgage lender"
Stockman Bank is a Montana born company built on western values, focused on creating long-standing relationships through integrity, expertise and results. We are the largest private, family owned bank in Montana. Founded 1953, in Miles City by William Nefsy, we are Montana's premier financial center for personal, business, agriculture,
Yellowstone Bank is pleased to bring a full array of highly competitive products and services to the communities we serve. Drawing on more than 100 years of banking experience, Yellowstone Bank has achieved a strong and growing presence in the financial services marketplace.
Yellowstone Bank was founded by B. M. Harris in 1907
Western Security Bank is a full service, community focused organization serving those who live and work in Yellowstone County, Montana. With conveniently located branches from Laurel to Lockwood, we offer more locations than any other financial institution serving the Billings area.
Western Security Bank, A Division of Glacier Bank,
"We are 'Your Home Town Mortgage Store'
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Valley Credit Union has proudly served citizens within the Big Sky Country, which now includes 11 counties across Montana and Wyoming. From the beginning, we were founded on the promise to provide accommodating, personalized service, as well as top-notch financial services to our members. Those founding principles are the same driving force
