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 .
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.
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.
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