USDA Vs. FHA Pro and Con comparison in Cokato, Wright County, MN

As of 2025, the USDA loan limit in Cokato, within Wright county, MN, is $358,800, whereas the FHA loan limit for a single-family residence is $515,200.

Make use of the Lendersa® USDA loan calculator to compare the best available USDA versus FHA rates today, and ascertain the necessary income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator offers a side-by-side comparison of USDA, FHA, Conforming, and VA loans, helping you discern the best program in for your financial circumstances.

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2025 Loan Limits and Downpayment Requirements in Cokato, Wright, MN

Loan Type Loan Limit Down Payment
USDA $358,800 0%
FHA $515,200 3.5%
Conventional Conforming $726,200 3%

Exploring USDA and FHA Loan Options in Cokato, MN

The mission of Lendersa® is to quickly provide you with the best USDA or FHA loan options, hassle-free. Choose from three starting paths that lead to the matching lenders and USDA loan programs.

Lendersa USDA loan request and matches

What Defines a USDA Loan in MN?

A USDA home loan is backed by the Department of Agriculture and often called a USDA rural development loan or USDA mortgage, available only in rural areas. Unlike FHA loans needing a minimum 3.5% down payment, USDA loans don't require any down payment.

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



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