For the year 2025, the FHA loan limit in Montevideo county, located in Chippewa, MN, is set at $472,030 for single-family homes. For properties with two units, the limit is $604,400; for three-unit residences, it's $730,525; and for four-unit buildings, the cap is $907,900. This structure is crucial for buyers aiming to navigate their purchase plans financially.
When it comes to conventional loans, the borrowing maximum for a single-family home is $726,200. For two-unit housing, the cap is $929,850; moving to three units, it is $1,123,900; and for four-unit properties, the limit extends to $1,396,800. Understanding these figures is essential for structuring your loan strategy.
Our FHA calculator assists in discovering the best FHA rates available today and helps determine the necessary down payment, income, credit score, reserves, and documents needed for loan qualification.
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The Lendersa® calculator serves as a resourceful tool, enabling comparisons between FHA loan rates and terms with those of other loans, including conventional, jumbo, VA, USDA, Non-QM, and hard money loans. This enables a comprehensive evaluation of available mortgage choices.
Lendersa® aggregates extensive loan program data from thousands of lenders and quickly processes it against your specific financial circumstances and needs, offering tailored insights.
For 2025, use the Loan Limits Comparison Table for Montevideo in Chippewa, MN, to compare maximum loan amounts across multiple types including FHA, conventional conforming, jumbo, USDA, VA, Non-QM, super jumbo, reverse mortgage (HECM), and hard money loans. Utilize Lendersa® Super Loan Integrated Qualifier (SLIQ™) to compare financial qualification requirements like income, reserves, and credit.
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $472,030 | $604,400 | $730,525 | $907,900 |
| 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 | $336,500 | $336,500 | $336,500 | $336,500 |
| 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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