FHA VS Conventional loan in Fairmont, Martin County, Minnesota

For the year 2026, the conventional loan limit within Fairmont, situated in Martin county, MN, is $726,200. Meanwhile, the FHA limit for a single-family home is established at $472,030.

Utilize the Lendersa® Conventional loan calculator to explore today's top rates for Conventional, FHA, and USDA loans. Assess the income, credit, reserves, and necessary documents to qualify. Our advanced mortgage tool allows you to compare Conforming Conventional, USDA, FHA, and VA loans side by side to determine the best program in MN for your specific financial needs.

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2026 Loan Limits and Down Payment Requirements in Fairmont, Martin, MN

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

This chart is relevant for zip codes: 56031

Explore Conventional and FHA Loan Options in Fairmont, MN

The mission of Lendersa® is to help you obtain the best possible Conventional, USDA, or FHA loan quickly and without hassle. Start by choosing one of the three initial approaches to find matching lenders and loan programs.

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Fairmont Lenders

  • The First National Bank at St. James
  • 202 1st Avenue South st., Saint James, MN, 56081
  • Lends in Minnesota
  • First National Bank has been serving St. James and surrounding communities for over 100 years! The bank was established in 1918 with a strong commitment to delivering quality financial services to the area. First National Bank is locally owned and operated which means local decision making on loan requests.

  • LaPorte Group, Inc.
  • 614 2nd St, Jackson, MN, 56143
  • Lends in Minnesota
  • "When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you.
    We have helped thousands of individuals in Minnesota, Iowa and Florida over the years. Whether it was purchasing their first home or refinancing the home where they raised their family

  • United Prairie Bank
  • 1141 3rd Ave, Mountain Lake, MN, 56159
  • Lends in Minnesota
  • United Prairie was founded in 1973 when James G. Sneer purchased Farmers State Bank of Mountain Lake, also the community he called home. As the years passed and the bank thrived, Mr. Sneer began acquiring other banks and insurance agency offices to build the organization now known as United Prairie

  • Minnesota Valley Federal Credit Union
  • 1640 Adams Street, Mankato, MN, 56001
  • Lends in Minnesota
  • Minnesota Valley Federal Credit Union was established in 1934 as a member-owned, not for profit financial cooperative. Members enjoy convenience and service that simply is not available at most financial institutions. Membership is open to anyone living, working or attending school in Blue Earth, Nicollet, Le Sueur and Waseca Counties.

  • MinnStar Bank
  • 201 Poplar Street, Mankato, MN, 56001
  • Lends in Minnesota
  • MinnStar Bank is dedicated to providing customers with quality financial services in an efficient and caring manner. We are committed to enriching the communities we serve and offer professional bankers with unparalleled years of experience in personal banking, business banking, agribusiness banking and real estate banking.