USDA and FHA Pro and Con in Apple-Valley, Dakota County, MN
In the year 2025, the USDA loan limit within Apple-Valley, county of Dakota, MN stands at $322,000, whereas the FHA limit for a single-family residence reaches $402,500. Understanding these limits is key for potential homeowners when exploring their financing options in this region.
Leverage the Lendersa® USDA loan calculator to effectively compare this year’s top USDA and FHA rates. This comprehensive tool aids in identifying necessary income, assessing credit strength, evaluating reserve needs, and understanding the required documents to qualify. Using our advanced mortgage calculator, you can contrast USDA, FHA, Conforming, and VA loans side by side, giving you the tools needed to select the program best suited for your unique financial situation within .
2025 Loan Limits and Downpayment Requirements for Apple-Valley, County of Dakota, MN
Loan Type
Loan Limit
Down Payment
USDA
$322,000
0%
FHA
$402,500
3.5%
Conventional Conforming
$548,250
3%
Discover USDA and FHA Loan Options in Apple-Valley, MN
The mission of Lendersa® is to facilitate finding the best possible USDA or FHA loan swiftly and effortlessly. Choose one of the three pathways designed to seamlessly connect you with matching lenders and personalized USDA loan programs that meet your needs.
A USDA home loan is backed by the Department of Agriculture; it's also known as a USDA rural development loan or USDA mortgage. These loans are particularly designed for rural neighborhoods and benefit from unique advantages: unlike FHA loans, which necessitate a minimum 3.5% down payment, USDA loans eliminate the need for a down payment, providing significant advantages to eligible individuals looking to finance a home.
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325 Dakota Dunes Blvd, North Sioux City, SD, 57049
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