Explore the differences! FHA VS Conventional loan programs in Independence, Hennepin County, Minnesota
In 2026, the Conventional loan limit in Independence, situated in Hennepin county, MN, is $726,200. The FHA limit for a single-family home is $515,200.
Utilize the Lendersa® Conventional loan calculator to evaluate and contrast today’s top rates between Conventional, FHA, and USDA loans. Determine the income, credit, and documentation required to qualify. By using our enhanced mortgage calculator, you can compare Conforming Conventional, USDA, FHA, and VA loans at a glance, helping you determine which loan program in MN aligns best with your financial needs.
2026 Loan Limits and Down Payment Specifications in Independence, Hennepin County, MN
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$0
0%
FHA
$515,200
3.5%
The applied comparison table is suitable for the following zip codes: 55359
Discover Conventional and FHA Loan Options in Independence, MN
The objective of Lendersa® is to efficiently match you with the best possible Conventional, USDA, or FHA loan options. Choose one of these three approaches to find the lenders and loan programs that best suit your needs.
Bank of Maple Plain, one of Minnesota's longest standing institutions, is just that kind of bank. Since 1905, they've been providing customers like you with excellent banking service. Open a checking or savings account here for safe and secure banking. We offer a wide array of products and services for consumers as well as business customers.
In 1905, our Bank was founded with a commitment to be the best Hometown Bank and serve the needs of the local community. As our community has grown, so have we. A lot has changed over the years, but our commitment has not. We’re proud to be a local, independent community bank, and we’re here to deliver our best for you.
4165 Shoreline Drive, Suite 40b, Spring Park, MN, 55384
Lends in Minnesota
Buying a home or refinancing is one of the largest financial decisions you will make in your life - and unfortunately, this means you may experience some stress as you approach these decisions. As in many other industries, the mortgage industry has more than its share of unethical individuals that are out to make a buck
At Renovo Capital, LLC our goal is to add value for clients by providing simple financing solutions. We are a small team that is based in the western suburbs or Minneapolis and all have deep-rooted interests in different aspects of real estate and construction that we use to help clients achieve their goals.
407 Lake Street East, Suite 201, Wayzata, MN, 55391
Lends in Minnesota
Renovo Capital, LLC is a non-traditional portfolio lender providing financing to builders and real estate investors. Non-traditional financing is non-bank financing often referred to as hard money or private money lending. As a portfolio lender, we own and service all of the loans we originate
Antler Home Mortgage, LLC. was formed to offer borrowers a high-quality low-cost mortgage experience. AHM has partnered with the best mortgage lenders in the industry to provide a smooth transaction at a below market interest rate. So regardless of your scenario, choose a professional from Antler Home Mortgage to be on your side.
Edge Home Finance Corporation offers personalized mortgage solutions tailored to unique financial needs. I personally have been a loan officer for 23 years and can work with all types of clients . As a trailblazer in the mortgage industry, our innovative approach ensures clients achieve their dream of homeownership seamlessly and efficiently.
At Allstate Home Mortgage, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
West Metro Schools Credit Union was formed December 31, 2008 with the merger of Hopkins Schools Credit Union and Edina Schools Credit Union. Membership is open to all employees of Hopkins, Edina and Wayzata Public Schools, their families and household members. Students of Hopkins and Edina school districts are eligible also.
