USDA Vs. FHA your options comparison in Elk-River, Sherburne County, MN

In 2026, the USDA loan limit for Elk-River, situated within Sherburne county, MN, is set at $322,000. Meanwhile, the FHA limit for a single-family home is $402,500.

Utilize the Lendersa® USDA loan calculator to compare the current USDA and FHA rates effectively. Determine the necessary income, credit, reserves, and documentation required for qualification. Utilizing our advanced mortgage calculator, you can review USDA, FHA, Conforming, and VA loans side by side, helping you determine which program in aligns best with your financial requirements.

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2026 Loan Limits and Down Payment Requirements in Elk-River, County of Sherburne, MN

Loan Type Loan Limit Down Payment
USDA $322,000 0%
FHA $402,500 3.5%
Conventional Conforming $548,250 3%

Available USDA and FHA Loan Options in Elk-River, MN

The mission of Lendersa® is to secure the best USDA or FHA loan quickly and without hassle. Choose from one of three pathways to connect with matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in MN

A USDA home loan, guaranteed by the government via the Department of Agriculture, is also known as a USDA rural development loan or USDA mortgage, and is available in rural neighborhoods only. Unlike FHA loans that require a minimum down payment of 3.5%, USDA mortgages require no down payment.

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



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