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.
Utilize our FHA calculator to explore today's optimal FHA rates. It also calculates down payments, income required, credit thresholds, reserves, and necessary documentation for qualification.
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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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