Explore the differences! FHA VS Conventional loan programs in Melrose, Stearns County, Minnesota
As of 2026, in the county of Stearns, Melrose, MN, the limit for a Conventional loan stands at $726,200, whereas the FHA limit is $472,030 for solo-family residences.
Click here to utilize the Lendersa® Conventional loan calculator, enabling you to compare today's rates for Conventional, FHA, and USDA loans. This tool will help gauge income, credit requirements, reserves, and document needs for qualification. Leverage our sophisticated mortgage calculator to observe comparisons of Conforming Conventional loans alongside USDA, FHA, and VA alternatives to choose the most suitable program for your financial scenario in MN.
Loan limits and required downpayments in Melrose, Stearns, MN for 2026
Loan Type
Loan Limit
Down payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
Note: These limits apply to zip codes: 56352
Explore Conventional and FHA loan options in Melrose, MN
The mission of Lendersa® is to secure you the optimal loan—whether Conventional, USDA, or FHA—promptly and with minimal fuss. Choose from three initial steps that guide you to the right lenders and loan plans:
Magnifi Financial is a member-owned financial services cooperative headquartered in Melrose, Minnesota. Magnifi offers a full array of financial products and services including consumer checking, savings, loans, mortgages, credit cards, internet and mobile banking, retirement and financial planning services as well as business accounts and loans.
Central Minnesota Credit Union was built from the ground up by its members since 1939. The credit union was chartered in Melrose under the philosophy of ‘people helping people’. Every member is an owner and dividends are returned through better rates on savings and loans and lower fees.
Minnesota National Bank is a vibrant & growing community bank operating in the Sauk Centre, Long Prairie & Pelican Rapids markets. Like the fatherly advice you may have received once while sitting on the end of a dock, Minnesota National Bank prides itself in getting to know customers & providing advice to help you make better financial decisions.
Kensington Bank is a community bank with locations in Belgrade, Cokato, Elrosa, Herman, Kensington, Saint Cloud, and Willmar, MN. We strive to provide excellent service and growth along with our customers.
To be a trusted partner in the financial success of our customers one relationship at a time and give back to the communities we serve.
At One Mortgage LLC, our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
Since 1904 we have seen the Great Depression, the Great Recssion and two world wars. We have had 19 different presidents, including 11 republicans and 8 democrats and added 5 states to the union. We've moved from silver certificates to Federal Reserve Notes and done away with the gold standard.
Mortgages on Main has been providing financing to Central Minnesota clients for nearly a quarter century, and we’re proud to be rooted amongst the people who call this area home. With a simple phone call to our office, you’ll be on your way to discovering financial solutions to all of your mortgage needs.
Since 1903, First National Bank of Osakis has served as the lead financial organization in the Osakis Area community, providing customized guidance, resources, and products (checking, savings, money markets, certificates of deposits, individual retirement accounts, health savings accounts, residential mortgage loans, commercial Mortgage loan.
Creative, relationship-driven banking with responsive local decisions, Granite Community Bank is a full-service commercial bank serving individuals and businesses for loans, deposits, insurance and investments throughout Minnesota. Granite Bank to help you make the decisions that are right for you and your financial goals.
