USDA Vs. FHA Pro and Con comparison in Hermantown, St. Louis County, MN
In 2025, USDA loan limit in Hermantown, 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.
2025 loan limits and downpayment requirments in Hermantown, county of St. Louis, MN
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA loan options in Hermantown, 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.
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.
Enter your location to find out if it qualifies for USDA rural housing loan?
Established in 1937 by 8 steelworkers, Advance Financial was started and guided by the credit union philosophy and principle of “People Helping People.” Continuing in that tradition today, Advance Financial is committed to providing the utmost quality in member service and exceeding expectations.
Adventas Mortgage, in Schererville, IN, is the area’s leading mortgage specialist serving Jasper, Lake, Porter and the surrounding counties since 2000. We specialize in mortgage purchases and refinancing, home, auto and life insurance, and more. For all your mortgage needs, contact Adventas Mortgage in Schererville.
At GraCo Federal Credit Union, we all benefit from the cooperative nature of our members! If it’s time for a change, it’s time for GraCo FCU and GraCo Federal Credit Union is a member owned financial co-operative dedicated to member service and community involvement through responsible leadership.
Commercial Bank has been a proud local bank since 1893. We have an unwavering devotion to our neighbors and their futures. We make it our mission to reinvest in the community through donations, sponsorships and loans to support the growth of our local residents and businesses. We firmly believe that being local matters.
We have over 50 years of experience servicing the residents and workforce of Gratiot County. We are aware of our responsibility to serve our members and community. We strive to deliver professional, responsive, and personalized banking services to its depositors, borrowers, local businesses, and area professionals.
Our Mission is to provide an unexpected experience by offering exceptional, personalized service and valuable financial advice. Since 1905 our bank has continually existed and served the residents around Douglas County Nebraska. Our focus has been to provide an unexpected financial experience by offering exceptional, personal service.
The term ""individual independence"" has been associated with and intertwined with Farmington and its development since before the city was platted in 1834.
A small band of Pottawatomi Indians, tired of continual warring and bloodshed, showed their independence when they left the rest of their tribe and settled in what is now Farmington
Moments after walking into one of our lobbies you’ll see there’s something different about M1. Our employees greet you with gratitude, eager to serve you as our member and financial partner. This people-first way of doing business is something you might not expect from a financial institution, but it’s just the norm here.
Midwest Family Federal Credit Union came to be as a result of employees of Midwest Steel looking for convenient ways to do their banking. This vision came to life thanks to George Paulsen and Mel Edwards along with Rudy Geissler, Oscar Klements, Harry Jones, Robert Malis, and Robert Hale.
