USDA VS FHA in Hanover, Wright County, MN

In 2025, the USDA loan limit for Hanover, situated in Wright, MN, is $358,800. In contrast, the FHA limit for a single-family home is $515,200.

Utilize the Lendersa® USDA loan calculator to compare today's leading USDA vs. FHA rates and identify the necessary income, credit, reserves, and documents needed for eligibility. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, assisting you in selecting the best program for your financial situation in .

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2025 Loan Limits and Downpayment Requirements in Hanover, 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 Hanover, MN

Lendersa® aims to quickly secure the best USDA or FHA loan for you, with minimal hassle. Choose from three paths that lead to matching lenders and USDA loan programs.

Results of Lendersa USDA loan request and matches

Understanding USDA Loans in MN

A USDA home loan, backed by the Department of Agriculture, also called a USDA rural development loan or mortgage, is available exclusively in rural areas. Unlike FHA loans, which require a minimum 3.5% down payment, USDA mortgages require no down payment at all.

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



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  • Michigan Financial is a full service mortgage company, located in Northville, MI. Michigan Financial is able to offer competitive rates with minimal costs on each mortgage. We focus on personal service & develop a relationship with our clients, to better understand their needs.Call us today, to find out why Michigan Financial is your best solution.
  • Priority 1 Lending, LLC
  • 38701 W. Seven Mile Rd, Suite 290A, Livonia, MI, 48152
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  • CBW Bank
  • 109 E. Main Street, Weir, KS, 66781
  • Our goal is help you achieve your dreams as you build your business.We offer best-in-class products to improve your productivity, whether it is automating your payroll deposits or streamlining your cash management, so you can focus on what you do best – growing your business. CBW is a financial services company based out of 109 E Main St, Weir, KS.
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  • At Quantum Credit Union, earnings are returned back to our owners in the form of lower rates, higher interest on deposits, and lower fees. Everyone is an equal owner, with one vote, and can help shape decisions on leadership, new products and more. We are a not-for-profit credit cooperative, offering a full line of banking services.
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  • 22981 Farmington Road, Farmington, MI, 48336
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  • Wichita Federal Credit Union
  • 9835 E 21st Street N, Wichita, KS, 67206
  • WFCU is a not-for-profit financial cooperative, which means that all of our members are also owners. Our members-first philosophy has served us well over the years. Wichita Municipal Federal Credit Union (WMFCU) was chartered in May 1940 to serve the municipal employees of the City of Wichita.
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  • JR Mortgage Group Inc are a buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
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  • 240 N Rock Rd, Suite 280, Wichita, KS, 67206
  • We are a wholesale residential mortgage lender who strives to do our best for all borrowers and applicants. In our best, we place ourselves in the applicant's shoes knowing their situation, and with our knowledge in the industry, help them make the best informed decision for the specific type of mortgage loan that will be most suitable for them.
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  • 740 Main Street, Whiteland, IN, 46184
  • Wood, Bailey & Wood Financial Group is designed to bring a simple concept to the home lending process. Service is the key and is what separates us from other lenders and banks.From the start Bailey & Wood sat out to change the thoughts and perceptions of what a Mortgage Company was and how they conducted business.