In 2025, the FHA loan limits in Lakeville county, which is part of Dakota, MN, are set as follows: for a single-family home, the cap is $515,200. If you're considering purchasing a duplex, the limit increases to $659,550. For triplexes, the maximum is $797,250, and for four-unit buildings, you can expect a limit of $990,800. These figures are crucial for buyers wanting to leverage FHA loans, providing a clear framework of what financing levels are accessible for different property types.
For conventional loans, the upper borrowing limit on single-family homes is $726,200. For properties comprising two units, you can borrow up to $929,850. The limit for three-unit dwellings is $1,123,900, while four-unit properties have a maximum loan limit of $1,396,800. Understanding these limits is key for borrowers planning their real estate investments and financial strategies effectively.
To explore today's most competitive FHA rates, use our comprehensive FHA calculator. This tool helps clarify the required downpayment, income benchmarks, credit score criteria, reserves, and necessary documentation to qualify for loan approvals, streamlining the process for applicants.
Explore loan offers from over 100 diverse lenders, providing a wide array of financing options to suit various borrowing needs and financial situations, ensuring that you get the best possible support for your goals.
The Lendersa® calculator empowers you to compare the comprehensive terms and rates of FHA loans with those of numerous other loan programs. Whether it’s the adaptability of Conventional loans, the larger borrowings possible under Jumbo loans, or the benefits of VA loans for veterans, there's a tailored option available. USDA loans offer excellent choices for rural homebuyers, whereas Non-QM loans cater to those with non-standard financial profiles, and hard money loans are instrumental for investors needing fast capital.
By compiling data from over a thousand lenders, Lendersa® offers an immediate comparative analysis aligned with your unique financial profile, saving you time and helping ensure your financial choices are well-informed and strategically sound.
In Lakeville county of Dakota, MN for 2025, the Loan Limits Comparison Table provides a detailed examination of maximum loan amounts across FHA, Conventional, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To delve deeper into qualification factors like income, required reserves, and credit standards, utilize the specialized Lendersa® Super Loan Integrated Qualifier (SLIQ™) for tailored advice.
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $515,200 | $659,550 | $797,250 | $990,800 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| USDA | $358,800 | $358,800 | $358,800 | $358,800 |
| VA | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| 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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