FHA Vs. USDA loan program for Ely, St. Louis County, Minnesota

In 2025, USDA loan limit in Ely, county of St. Louis, MN is $336,500 while FHA limit is $472,030 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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USDA and FHA loan options in Ely, MN

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

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What is USDA Loan in Minnesota?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

(715) 535-2291 258 miles Lender's profile and map Reviews First National Bank in Tigerton 140 Cedar Street, Tigerton, WI, 54486 Our basic mission is to provide you with a safe place to keep your money, a sound place to have it grow, and a trusted place to borrow from. The First National Bank in Tigerton (FNB-Tigerton) is a community bank locally owned and operated. It has provided full service banking to it's neighbors and friends in Shawano.
(701) 874-2161 258 miles Lender's profile and map Reviews Dakota Heritage Bank of North Dakota 109 Main Street, Hunter, ND, 58048 Dakota Heritage Bank aspires to have a strong image created by helping our customers accumulate and retain wealth. We will sell those products and services that will enhance our customers’ ability to reach their financial goals.Our core purpose is to make a positive impact in our communities and in the lives we touch.
(715) 284-9448 260 miles Lender's profile and map Reviews Black River Country Bank 221 Main Street, Black River Falls, WI, 54615 Black River Country Bank has been a long time member our community since we started as the Bank of Melrose back in 1907! While much has changed in over 115 years of business. Our integrity, safety & soundness, community commitment, inclusion of others, and customer-centered approach has never wavered.
(715) 284-5333 260 miles Lender's profile and map Reviews Co-op Credit Union 100 E. Main Street, Black River Falls, WI, 54615 Co-op Credit Union is a financially-strong, full-service credit union. We serve just over 19, 000 members at our 6 office locations & have more than $305 million in assets. Here at CCU, our mission is, "Serving our members, where they are, through all stages of life. Our Mission is to Serving our members, where they are, through all stages of life.
(715) 421-1610 260 miles Lender's profile and map Reviews Members' Advantage Credit Union PO Box 1208, Wisconsin Rapids, WI, 54495 Members' Advantage Credit Union is a member-owned financial organization dedicated to meeting the needs of members, providing competitively priced financial products and services while maintaining the credit union's long-term financial stability eywords: certificate of deposit, savings, credit union, macu, loans, rates.
(715) 544-6400 260 miles Lender's profile and map Reviews Imagine Home Lending of Central Wisconsin 5424 US HWY-10, Suite C, Stevens Point, WI, 54482 Imagine Home Lending of Central Wisconsin was established with Chris Popp and co-owners Heidi Mancheski and Mark Kitowski in an effort to provide dedicated service to central Wisconsin homebuyers. Our licensed loan officers are dedicated to serving these communities by working hard to ensure the process of buying your dream home goes smoothly.
(507) 331-2493 260 miles Lender's profile and map Reviews Reliance Bank 2300 30th Street Northwest, Faribault, MN, 55021 On August 13, 2007 Reliance Bank opened its doors to the community of Faribault as a State Chartered, FDIC insured, full-service bank. Staffed with nine experienced bank employees, Reliance set off on a mission to become the best community bank. After its first full year of operation, Reliance Bank was given the coveted Faribault Area
(507) 665-4200 261 miles Lender's profile and map Reviews Cornerstone State Bank 415 North Main, Le Sueur, MN, 56058 CornerStone State Bank- offering deposit and lending services to communities across the state of Minnesota. Chartered in 1974, as one office in Le Sueur, Minnesota, now CornerStone State Bank has grown into seven communities; Le Sueur, Cloquet, Belle Plaine, Montgomery, Green Isle, and most recently, Madison Lake and Eagle Lake, Minnesota.
(320) 978-6351 261 miles Lender's profile and map Reviews PrinsBank 508 Third Street, Prinsburg, MN, 56281 PrinsBank was established in 1916 to serve the needs of our local communities. We offer a variety of banking products and services. We are proud of our ability to provide full-service banking with prompt, local decision making from people who know you. PrinsBank strives to make our customer's banking experiences easy and pleasant.
(701) 428-3121 262 miles Lender's profile and map Reviews Kindred State Bank 411 Elm Street, Kindred, ND, 58051 Kindred State Bank has grown and developed in new directions, just as Kindred has. The rise of electronic banking and the need to provide new services motivated a large expansion and remodeling project during 2001 and 2002.Now the bank has offices for the Kindred State Bank Agency, for each loan officer, for a securities sales agent.
(701) 428-9111 262 miles Lender's profile and map Reviews Elm River Credit Union 120 Spruce Street, Kindred, ND, 58051 Elm River Credit Union is a state chartered credit union organized in August 1954. Father Schmiler, a priest serving the Page and Hunter, ND Catholic churches was instrumental in the organization. He was originally from Wisconsin and had become familiar with credit union philosophy there.