USDA and FHA Pro and Con in Independence, Hennepin County, MN
In 2026, the USDA loan limit for Independence, within the county of Hennepin, MN, is $0. Meanwhile, the FHA limit for a single-family home stands at $515,200.
Leverage the Lendersa® USDA loan calculator to compare top USDA and FHA rates, determining the necessary income, credit, reserves, and documents to qualify. Our advanced mortgage calculator lets you see USDA, FHA, Conforming, and VA side by side to decide which program in is best for your specific financial needs.
2026 Loan Limits and Downpayment Requirements in Independence, Hennepin, MN
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$515,200
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Independence, MN
The goal at Lendersa® is to secure you the best possible USDA or FHA loan quickly and with ease. Choose from one of three pathways that lead to matching lenders and USDA programs, aligning them with your needs.
A USDA home loan is backed by the Department of Agriculture, often called a USDA rural development loan or mortgage, available only in rural areas. Unlike FHA loans, requiring a minimum 3.5% down payment, USDA loans require no down payment.
Bank of Maple Plain, one of Minnesota's longest standing institutions, is just that kind of bank. Since 1905, they've been providing customers like you with excellent banking service. Open a checking or savings account here for safe and secure banking. We offer a wide array of products and services for consumers as well as business customers.
In 1905, our Bank was founded with a commitment to be the best Hometown Bank and serve the needs of the local community. As our community has grown, so have we. A lot has changed over the years, but our commitment has not. We’re proud to be a local, independent community bank, and we’re here to deliver our best for you.
4165 Shoreline Drive, Suite 40b, Spring Park, MN, 55384
Lends in Minnesota
Buying a home or refinancing is one of the largest financial decisions you will make in your life - and unfortunately, this means you may experience some stress as you approach these decisions. As in many other industries, the mortgage industry has more than its share of unethical individuals that are out to make a buck
This bank is dedicated to providing superior customer service. The Minnesota Lakes Bank ownership prides itself on being industry-leading. We embrace new technology and delivery methods, and we are excited to bring our more than 100 years of banking experience to bear in new markets where we have a connection and history.
At Renovo Capital, LLC our goal is to add value for clients by providing simple financing solutions. We are a small team that is based in the western suburbs or Minneapolis and all have deep-rooted interests in different aspects of real estate and construction that we use to help clients achieve their goals.
294 East Grove Lane, Suite 120, Wayzata, MN, 55391
Lends in Minnesota
SkyView is focused exclusively on the investment banking and financing needs of independent and registered investment advisors. We provide financial advisors with guidance and capital for practice succession, acquisition, merger, and debt restructuring. our firm strives to attract the best talent in the industry at every position.
407 Lake Street East, Suite 201, Wayzata, MN, 55391
Lends in Minnesota
Renovo Capital, LLC is a non-traditional portfolio lender providing financing to builders and real estate investors. Non-traditional financing is non-bank financing often referred to as hard money or private money lending. As a portfolio lender, we own and service all of the loans we originate
Antler Home Mortgage, LLC. was formed to offer borrowers a high-quality low-cost mortgage experience. AHM has partnered with the best mortgage lenders in the industry to provide a smooth transaction at a below market interest rate. So regardless of your scenario, choose a professional from Antler Home Mortgage to be on your side.
At 21st Century Bank, we are many things. We are a family-owned since 1917. We are a Top 10 Minnesota SBA preferred lender. We hold more than $600 million in assets. But above it all, we are here for you.
Focused On You Whether you’re an individual looking to open a checking and saving account, or you need robust accounting services to suppo
