For the year 2026, the conventional loan maximum in Farmington, located in Dakota county, MN, is set at $726,200. Comparatively, the FHA limit for a single-family residence here is $515,200.
The Lendersa® Conventional loan calculator can assist you in comparing the best current rates for Conventional, FHA, and USDA loans. This tool evaluates the income, credit, reserves, and documentation required for qualification. It allows you to examine Conforming Conventional loans alongside USDA, FHA, and VA options, aiding in choosing the program in MN that aligns with your financial needs.
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| Loan Type | Loan Limit | Down payment |
| Conventional Conforming | $726,200 | 3% |
| USDA | $358,800 | 0% |
| FHA | $515,200 | 3.5% |
This comparative table is relevant to zip codes: 55024
The mission of Lendersa® is to quickly and efficiently secure you the best Conventional, USDA, or FHA loan. Choose one of several starting points providing matching lenders and programs.
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