In 2026, the FHA loan limits for Elko-New-Market county, within Scott, MN, are as follows: $402,500 for a single-family home, $515,250 for two-unit buildings, $622,850 for triple units, and $774,050 for properties with four units. These limits are instrumental for buyers planning their acquisitions with FHA funding.
For conventional loans, the maximum borrowing amount for a single-family residence is $548,250. For two-unit properties, it stands at $702,000, while three-unit dwellings have a limit of $848,500, and four-unit buildings reach $1,054,500. Knowing these limits helps in structuring appropriate loan applications.
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Refer to the Loan Limits Comparison Table for 2026 within Elko-New-Market county of Scott, MN, to view maximum loan amounts for FHA, conventional conforming, jumbo, USDA, VA, Non-QM, super jumbo, reverse mortgage (HECM), and hard money loans. Use Lendersa® Super Loan Integrated Qualifier (SLIQ™) for comparing qualification needs like income, reserves, and credit scores.
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $402,500 | $515,250 | $622,850 | $774,050 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $548,250 | $702,000 | $848,500 | $1,054,500 |
| USDA | $322,000 | $322,000 | $322,000 | $322,000 |
| VA | $548,250 | $702,000 | $848,500 | $1,054,500 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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