USDA and FHA Pro and Con in Byron, Olmsted County, MN

For 2025, the USDA loan limit in Byron, situated within Olmsted, MN, is $336,500, whereas the FHA limit for single-family homes is $472,030.

Take advantage of the Lendersa® USDA loan calculator to evaluate today’s top USDA and FHA rates. Determine the income, credit, reserves, and documentation required to qualify. Our advanced calculator allows you to examine USDA, FHA, Conforming, and VA options together, helping you make the best decision for your financial context in Alabama.

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Loan limits and down payment requirements for 2025 in Byron, Olmsted, MN

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Exploring USDA and FHA Loan Options in Byron, MN

The mission of Lendersa® is to swiftly and effortlessly secure the optimal USDA or FHA loan for you. Begin with one of three starting points that lead to matching lenders and available USDA loan programs.

Lendersa USDA loan request and matching results

What is a USDA Loan in MN?

The USDA home loan, backed by the government Department of Agriculture, also referred to as the USDA rural development loan or USDA mortgage, is available only in rural areas. Unlike FHA loans which require a minimum of a 3.5% down payment, the USDA mortgage requires none at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • Centennial Mortgage, Inc.
  • 218 W. Washington Street, Suite 900, South Bend, IN, 46601
  • Centennial Mortgage is a privately held results-driven lender providing proactive, end-to-end solutions exclusively for multi-family and healthcare owners/developers seeking HUD and USDA financing. Our approach is delivered with a high-touch level of customer service found only with a specialized lender.
  • Philo Exchange Bank
  • 102 W Washington St, Philo, IL, 61864
  • Philo Exchange Bank's history spans six generations of customers across East Central Illinois. Started in 1883 by Dr. Calvin Ebeneezer Parker, the bank was purchased by Elisha Hazen, a local grain and implement dealer in 1899. The bank took over Philo State Bank in 1933. Nathan Rice succeeded the Hazen family leadership in 1952.
  • South Bend Transit Federal Credit Union
  • 1401 S Lafayette Boulevard, Suite 100, South Bend, IN, 46613
  • South Bend Transit Federal Credit Union is a member owned non-profit financial institution. We provide services to persons working/retirees from Transpo and their immediate family members. Putting our members first for over 75 years and ensuring the growth of our credit union to continue to serve families present and future.
  • Bank of Prairie Village
  • 3515 W. 75th Street, Prairie Village, KS, 66208
  • Bank Of Prairie Village is a branch office of Bank Of Prairie Village. They provide the following services: Full Service Office Location and are located at 3515 W. 75th Street in Prairie Village Kansas. Mobile and traditional directions to this location can be found below along with ratings, their phone number, online banking website
  • Elite Mortgage Group, LLC
  • 7301 Mission Road, Suite 254B, Prairie Village, KS, 66208
  • Founded in 2014 and located in the Kansas City, MO area. Licensed in MO, KS, CO, FL, and GA. We have been in the Mortgage service business for over 6 successful years. This longevity and confidence comes from our Mortgage services to a great many buyers and sellers, and their recommendations to others that result in repeat referral business.
  • Fountain Mortgage
  • 7501 Mission Rd, Suite 200, Prairie Village, KS, 66208
  • Founded right here in the City we love, Fountain Mortgage combines more than 50 years of lending, banking and financial services expertise to provide our clients with an enjoyable and empowering experience. Our goal is to enable you, with education and guidance, to make an informed financial decision best suited to meet your needs.
  • Equitable Bank
  • 113 North Locust Street, Grand Island, NE, 68802
  • Equitable Bank was established in 1882 shortly after the community of Grand Island was incorporated. It was organized by a small group of pioneers and was called, at that time, Grand Island Building & Loan Association. For nearly 140 years Equitable Bank has served the community of Grand Island & the surrounding area providing financial services.
  • Heartland Mortgage Consultants, LLC
  • 10000 W 75th St, Suite 120, Shawnee, KS, 66203
  • At Heartland Mortgage Consultants, LLC, we are known for our client-centric approach and extensive industry knowledge and experience. We take pride in obtaining a good referral rate brought by our unparalleled customer service. Heartland Mortgage Consultants, LLC provides you with a broad range of mortgage products to achieve your financial goals.
  • Union National Mortgage Co
  • 204 West St, Tonganoxie, KS, 66086
  • Since our inception in 1970, Union Home Mortgage has guided hundreds of thousands of aspiring homebuyers through the process of achieving homeownership. Driven by the belief that homeownership should be accessible for everyone, we go the extra mile for every customer, while providing a personalized experience unmatched in the industry.
  • 1st Midwest Mortgage Corp.
  • 316 North Ironwood Dr, South Bend, IN, 46615
  • At 1st Midwest Mortgage Corp., our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you