USDA Vs. FHA your options comparison in Cannon-Falls, Goodhue County, MN

In 2025, the USDA loan limit in Cannon-Falls, located within Goodhue, MN, stands at $285,000. Meanwhile, for a single-family home, the FHA limit is set at $356,362.

With the Lendersa® USDA loan calculator, you can compare today's most competitive USDA and FHA rates. This tool allows you to assess necessary income, credit, reserves, and documentation to qualify. Using our advanced mortgage calculator, you will see USDA, FHA, Conforming, and VA programs side by side, helping you choose the ideal program for your financial needs in .

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2025 Loan Limits and Down Payment Requirements in Cannon-Falls, Goodhue, MN

Loan Type Loan Limit Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

Exploring USDA and FHA Loan Options in Cannon-Falls, MN

At Lendersa®, our purpose is to ensure you access the best possible USDA or FHA loan quickly and without hassle. You can start from one of three pathways that connect you with matching lenders and USDA loan programs, ensuring a smoother experience.

Lendersa USDA loan request and matching results

Understanding the USDA Loan in MN

A USDA home loan is backed by the government Department of Agriculture, often referred to as a USDA rural development loan or USDA mortgage, and is available exclusively in rural neighborhoods. Unlike FHA loans which require a minimum of 3.5% down payment, a USDA mortgage requires no down payment at all, making it an attractive option for eligible borrowers.

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



  • Integrity Mortgage Corporation
  • 200 N. Main St., St. Charles, MO, 63301
  • Integrity Mortgage has consistently distinguished itself from its big-bank competitors through its dedication to excellence and commitment to customer service. Integrity Mortgage has grown over the years, but its values have stayed the same. It remains a family company that cares about its clients and employees.
  • FasterFunds Lending
  • 3320-1 Rue Royale, Saint Charles, MO, 63301
  • "FasterFunds Lending was started in 2015 to provide local St Louis area landlords and rehabbers short term money to fund their real estate investing deals. Our team lives in St Louis and has over 25 years combined real estate experience. We have a true passion for real estate and love to see the positive impact it can have on our borrower’s lives.
  • First Federal Savings and Loan Association of Central Illinois
  • 200 N Morgan Street, Shelbyville, IL, 62565
  • First Federal Savings & Loan Association of Central Illinois is the result of the merger of First Federal Savings & Loan Association of Shelbyville and Charleston Federal Savings & Loan. Both institutions were originally formed under state charters as cooperative home financing organizations to provide a safe place for their members.
  • 1st American Mortgage
  • 1000 Lake Saint Louis Blvd, Suite 208, Lake Saint Louis, MO, 63367
  • Our company was founded in 1999 with your best interest in mind. Almost two decades of experience in the mortgage business and helping clients like you achieve their goals helps to set us apart! We pride ourselves in taking the time and effort to get to know you and better help you understand the mortgage process.
  • First Community Bank of Hillsboro
  • 807 South Main Street, Hillsboro, IL, 62049
  • First Community Bank of Hillsboro was organized, chartered and opened in 1998 by a group of local investors who felt the need for a locally owned and operated bank. In March 2002, the former Bass Funeral Home, with all its beauty and local history, became the new home of First Community Bank of Hillsboro.
  • Bank of Hillsboro
  • 230 S Main St, Hillsboro, IL, 62049
  • Bank of Hillsboro, previously known as, National Bank, is headquartered in Hillsboro, Illinois with 11 branches serving South Central Illinois. Bank of Hillsboro is locally owned by and operated. We believe our local ownership provides valuable Insight into the needs of our communities.
  • Forbes Field CU
  • 5920 SE Coyote Drive, Building 668, Topeka, KS, 66619
  • Founded in 1958 as Hutchinson Air Guard Credit Union, Forbes Field Credit Union has grown from seven original members to almost 700. Offering share accounts, certificates of deposit, and a wide array of loan products, our mission has never waivered – to foster the ideal of economic freedom and serve as financial advocates for our members.
  • Missouri Valley Federal Credit Union
  • 7900 Mexico Road, Saint Peters, MO, 63376
  • Established in 1975, Missouri Valley FCU is a member-owned, community financial institution dedicated to providing quality service and value to Saint Charles County As a credit union, MOVFCU is member owned and member focused. We are here to help you with your financial needs, whatever those might be.
  • Home Loans With Integrity LLC
  • 3895 Mid Rivers Mall Drive, Cottleville, MO, 63376
  • We give our clients the personal attention they deserve, helping them find the right mortgage product to fit their individual needs. We stand behind each loan transaction. We take the time to educate our clients about the loan process and we stay beside them every step of the way, from pre-approval through closing.