USDA Vs. FHA Pro and Con comparison in Chatfield, Fillmore County, MN
In 2026, the USDA loan cap for Chatfield, located in Fillmore, MN, stands at $336,500, whereas the FHA cap for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to compare the current best USDA versus FHA rates, determining the needed income, credit, reserves, and documents for qualification. With our advanced mortgage calculator, you can view USDA, FHA, Conforming, and VA options side by side, allowing you to select the best program for your specific financial context in .
2026 Loan Limits and Downpayment Requirements in Chatfield, Fillmore County, 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 Chatfield, MN
Lendersa® aspires to secure the ideal USDA or FHA loan for you swiftly, without hassle. Choose one of three entry points to connect with matching lenders and USDA loan offerings.
A USDA home loan, also known as a USDA rural development loan or mortgage, is guaranteed by the Department of Agriculture and is designated solely for rural neighborhoods. Unlike FHA loans, which require a minimum of 3.5% down payment, USDA loans require no down payment at all.
F & M Community Bank is a full-service, community-oriented bank that has been in operation since 1911. For over 100 years, we've been proud to fulfill the banking needs of local Minnesota citizens & businesses on a more personal, individualized level. Our employees who are your bank teller or your lending specialist are your neighbors & friends.
Throughout southeast Minnesota & Northern Iowa, First Southeast Bank has been providing a wide range of services as your local, family owned community bank. First Southeast Bank, Harmony location, undergoes a major renovation to the interior and of the building with a large addition added. In 2011 Canton State Bank merges into First Southeast Bank.
At First Alliance Credit Union, we place our members' (and future members) needs first by providing compassion, guidance, and resources to promote their financial well-being. At First Alliance Credit Union, we want to be the trusted partner of choice for the financial success of our members and the communities we serve.
Foresight Bank is a unique community bank because we listen to our customers and we focus on environmental sustainability.
We recognize every customer is different and we need to listen so we can understand how we can help. We don’t have a cookie-cutter approach that we apply to all of our customers,
Since 1925, Peoples State Bank has been proud to serve the banking needs of our community. The original owner, William R Zabel, solidified his vision with the very first PSB branch in Plainview, MN. Since those early days, PSB has expanded to include branches in Altura and Elgin, MN, as well as Boyceville and Menomonie, WI.
At MCT Financial, we have over 30 years of experience in serving mortgage borrowers. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. We offer unparalleled mortgage and refinance service to clients throughout the entire State of Minnesota!
Main Source Mortgage our mission is to set a high standard in the loan industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the loan process so that you can confidently select the best loan for you & your company from the many loan options that are available today.
We're ready to be your trusted advisor, your partner, and join you every step of the way as we work toward your financial goals, hopes and dreams together. We understand that when our community succeeds, we all do. Part of that comes from being employee-owned. For nearly 150 years we’ve been committed to serving our partners and the communities.
WNB Financial, N.A. More than a bank. Member FDIC. Equal Housing Lender.
We offer the products and services you expect from your bank: checking, savings, personal and home loans, and highly-qualified experts in business banking, trust, retirement planning, and financial advising.
