For 2025, the USDA loan limit in Albert-Lea county of Freeborn, MN, is $285,000, whereas the FHA limit for a single-family home is $356,362.
Utilize the Lendersa® USDA loan calculator to effectively compare the optimal USDA versus FHA rates available today, and evaluate the necessary income, credit, reserves, and documents required to qualify. Our comprehensive mortgage calculator shows side-by-side analysis of USDA, FHA, Conforming, and VA loans, enabling you to decide which program suits your financial needs best in .
Loan Limits and Down Payment Needs for 2025 in Albert-Lea, Freeborn County, MN
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Options for USDA and FHA Loans in Albert-Lea, MN
The mission of Lendersa® is to swiftly and smoothly help secure the best possible USDA or FHA loan. You can start by choosing one of three different pathways to align with suitable lenders and USDA loan programs.
A USDA home loan is a mortgage guaranteed by the U.S. Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, available only in rural areas. Unlike FHA loans, which require a minimum down payment of 3.5%, USDA loans do not require any down payment, presenting a considerable advantage for those who qualify.
The Bank of Steinauer was established in 1888, but was not expected to transact much business. However, it soon became an essential part of the community, and needed to be properly organized and equipped with experienced help. Because of his advanced age, Joseph put his son, John, in charge of the bank as cashier.
The Johnson Financial Group family is proud to offer a comprehensive suite of banking, wealth and insurance services.
Johnson Financial Group provides:
• full line of banking services including wealth, mortgage, leasing, consumer and commercial banking through over 30 locations in Wisconsin and Minnesota.
• management services for individ
Bank of Luxemburg is proud to be a community bank owned by shareholders in the area. We have years of local decision making expertise, catering to the local communities we serve. We are here for our customers through all stages in life, helping to manage life changing events. Trusted advisors support our customers.
The First National Bank was chartered in 1904. Officers of the bank were H.A. Olerich, M.L. Honke, E.R. Johnson, Emil Statsman, and J.A. McLaughlin. In 1944 the bank was changed from a National Bank to a state chartered bank and the name changed to Butte State Bank. We pride our Bank in being "Small enough to know you and large enough to serve you"
HOMEBANK Headquartered in Palmyra, MO since 1934, we have 9 branches throughout Mid and Northeast Missouri and Quincy, IL. All our lobbies are open again during normal business hours. Our friendly Customer Service Representatives and Loan Officers would love to meet with you in person
Aberdeen Federal Credit Union was chartered on April 11, 1935 to promote thrift among the members and enable them to obtain loans for productive and provident purposes at reasonable rates of interest.
Aberdeen Federal Credit Union is a member-owned not-for-profit financial cooperative.
Dovenmuehle, we understand the importance of your
members and provide the solutions and experiences
you need to build trusted relationships with them. Our
commitment to innovation and technology means we
develop leading member experiences and our
thoughtful approach to service means we provide the
care and hands-on support they need.
4180 North Route 83, Suite 8, Lake Zurich, IL, 60047
Our experience and expertise have enabled us to navigate through the recent mortgage crisis. Many other companies closed, but we sharpened our skills and not only are we still open, but we are stronger, more experienced, and better equipped to handle your financing needs. We are a full-service mortgage lender with an experienced staff.
Pony Express Bank operates in two eras. Our banking accounts, products, and online services are cutting edge. But when it comes to customer service, we tend to be old-fashioned. We deal with our customers individually, treating people like people, not numbers. Our customers are our neighbors, after all.
NorthSide Community Bank, with over $250 million in assets, is the only community bank headquartered in Gurnee. The bank was chartered in 1997 and has 4 locations in the Chicago metropolitan area and Lake County. The bank was formed in 1996 by a professional group of business men and women to better respond to the market place.
