USDA Vs. FHA your options comparison in Forest-Lake, Washington County, MN

In 2025, the USDA loan limit for Forest-Lake in Washington county, MN, is $0. For a single-family home, the FHA limit is $402,500.

Leverage the Lendersa® USDA loan calculator to compare the best current rates between USDA and FHA loans. Determine the income, credit, reserves, and required documents to qualify. Our advanced mortgage calculator lets you view USDA, FHA, Conforming, and VA loans side by side to help you choose the best program in for your financial situation.

Review loan offers from 100 different lenders

2025 Loan Limits and Down Payment Requirements in Forest-Lake, County of Washington, MN

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

USDA and FHA Loan Choices in Forest-Lake, MN

Lendersa® is dedicated to promptly finding you the best available USDA or FHA loan, devoid of complexities. Begin by choosing one of three methods to align with suitable 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 through the Department of Agriculture, also referred to as a USDA rural development loan or USDA mortgage, is uniquely available in rural areas. Unlike FHA loans that require a minimum down payment of 3.5%, USDA loans do not necessitate any down payment.

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



  • Federation Bank
  • 102 East Main Street, Washington, IA, 52353
  • Federation” is commonly defined a union of organizations. We believe that we are more than just a union of organizations but also a union of communities by serving Washington, Brighton, Richland and Wellman, Iowa. We belong together because “Together We’re Strong and In 1906, Rubio Savings Bank was chartered as a state bank in the railroad town of
  • Washington State Bank
  • 121 S Marion Ave, Washington, IA, 52353
  • Washington State Bank was originally chartered in 1932 in Washington, Iowa and has since opened up two additional branches in Columbus Junction and Fairfield. The bank offers many fine products and services including online banking, mobile banking, account options, loans, fraud protection and more.
  • The Family Credit Union
  • 1530 W 53rd Street, Davenport, IA, 52806
  • The Family Credit Union provides relevant financial products and services to encourage the lifelong success of our members. The credit union was originally founded in 1935 as the Kohrs Credit Union. Shortly thereafter the name changed to Oscar Mayer Credit Union after the Oscar Mayer Company purchased Kohrs.
  • Union State Bank
  • 214 South First Street, Greenfield, IA, 50849
  • Union State Bank of Bridgewater opened for business on January 6, 1890, under the name of Union Bank. It was operated and owned by J.G. Hendry, President, G.G. Rechtenbach, Cashier, and Wes Tyler and Union State Bank of Greenfield and Bridgewater provides competitive rates on personal and business loans, and offers a full range of personal and bank
  • Advantage One Credit Union
  • 204 N Jackson Street, Morrison, IL, 61270
  • Advantage One Credit Union has been open since 1998. The credit union has assets totaling $25.38 Million and provides banking services to more than 3,000 members The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members.
  • Rockford Municipal Employees Credit Union
  • 634 N Church Street, Rockford, IL, 61103
  • Rockford Municipal Employees Credit Union has been serving our members since 1942 offering a variety of quality financial services. Charted on July 14, 1942, the original office was located at the Water Department with Wesley Johnson at the helm for many years. in August 1992, Rock-Winn Credit Union who served Winnebago county employees
  • LINXUS CU
  • 1405 West Lane Road, Suite A, Machesney Park, IL, 61115
  • LinXus Credit Union (formerly Rockford Postal Employees Credit Union) is a not-for-profit financial organization owned by more than 2500 members. The credit union was organized to help provide personal financial services, such as savings and loans. Today, LinXus Credit Union strives to continue great member service by offering higher dividends
  • Blue Grass Savings Bank
  • 104 East Mayne Street, Blue Grass, IA, 52726
  • January 4, 1902 banking was started and one week later total assets were $19, 402.16. The January 9, 1902 meeting of the stockholders was held in the new bank. H. F. Wunder was hired as cashier receiving $50 a month salary. W.I. VanderVeer served as President with no pay and Julius W. Schiele served as Vice President.
  • John Cornish - Mortgage Lender
  • 5189 Utica Ridge Rd, Davenport, IA, 52807
  • The mission of Key Mortgage Group is to help as many people as possible to become homeowners. Below are some of our clients who picked Key Mortgage Group to help them get a home. John is a leader in Quad City real estate lending, having begun his career after graduation from St. Ambrose University in 2003.