Explore the differences! FHA VS Conventional loan programs in Watertown, Carver County, Minnesota

In 2025, the Conventional loan limit for Watertown, within Carver county, MN, is $726,200. Meanwhile, the FHA limit is $515,200 for a single-family home.

The Lendersa® Conventional Loan Calculator is designed to compare today's best rates between Conventional, FHA, and USDA loans. Use it to determine required income, credit, reserves, and documents for qualification. Our advanced mortgage calculator displays Conforming Conventional loans, USDA, FHA, and VA options side by side to help you decide the most suitable program in MN for your particular financial situation.

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2025 Loan Limits and Downpayment Requirements in Watertown, Carver, MN

Loan Type Maximum Loan Limit Minimum Down Payment
Conventional Conforming $726,200 3%
USDA $358,800 0%
FHA $515,200 3.5%

The comparison is applicable for the zip codes: 55388

Explore Conventional and FHA Loan Options in Watertown, MN

The primary aim of Lendersa® is to help you quickly secure the best possible Conventional, USDA, or FHA loans without hassle. Choose any of the three starting points to connect with matching lenders and programs tailored to your needs.

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  • Town of Cheektowaga Federal Credit Union
  • 3251 Broadway, Cheektowaga, NY, 14227
  • In November of 1980 a small group of motivated employees met in the Town of Cheektowga Police Department’s pistol range room. These individuals laid the foundation for the soon to be chartered Town of Cheektowaga Employee’s Federal Credit Union. Among the members who attended and cooperated in the formation of the credit union were David J. Kulik,
  • CrossRoads Community Federal Credit Union
  • 3031 William Street, Buffalo, NY, 14227
  • CrossRoads Community Federal Credit Union is a not-for-profit financial cooperative whose purpose is to meet the financial needs of its members. We are member-owned. In other words, we answer to our members – not a small group of stockholders or an out-of-town corporation. Our profits are returned to our members in the form of low/no-fee products,
  • Cheektowaga Community Federal Credit Union
  • 3234 Union Road, Cheektowaga, NY, 14227
  • Cheektowaga Community Federal Credit Union has been open since 1959. The credit union has assets totaling $11.74 Million and provides banking services to more than 1, 000 members. The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member
  • Tara Mortgage Services LLC
  • 554 Washington Avenue, Carnegie, PA, 15106
  • 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 Federal Credit Union
  • 213 Pine St, Carnegie, PA, 15106
  • 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.
  • Princeton Financial, LLC
  • 243 E Main St, Suite 201,, Carnegie, PA, 15106
  • "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"
  • Western New York Federal Credit Union
  • 1937 Union Road, Buffalo, NY, 14224
  • Our mission is to provide personal quality service today and every day, while maintaining financial stability. Our credit union was created by and for employees of the West Seneca State School in January 1964. It was originally known as the West Seneca State School Federal Credit Union.
  • Nickel City Funding Inc.
  • 3460 Seneca St., West Seneca, NY, 14224
  • Nickel City Funding is Western New York’s premier mortgage broker. We offer competitive mortgage loans & mortgage rates across the greater Buffalo area. Whether you’re in Amherst, Orchard Park, North Tonawanda or East Aurora, NY, we’ve got you covered. We offer one on one personal services to first time home buyers and savvy real estate experts.