USDA Loan Vs. FHA loan for Lake-City, MN [Wabasha County ]

In 2026, the USDA loan cap in Lake-City, located in the county of Wabasha, MN, is $285,000. Meanwhile, the FHA limit for a single-family home amounts to $356,362.

Use the Lendersa® USDA loan calculator to compare the top USDA and FHA rates available today. Assess the income, credit, reserves, and documents required to qualify. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, helping you choose the best program in Alabama for your financial needs.

USDA and FHA Loan Options in Lake-City, MN

Lendersa® aims to help you quickly obtain the best USDA or FHA loan without complications. Start with one of three options that connect you with suitable lenders and USDA programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in MN

The USDA home loan is a government-guaranteed mortgage through the Department of Agriculture, also known as the USDA rural development loan. Available only in rural neighborhoods, it requires no down payment, unlike FHA loans which mandate a minimum of 3.5% down payment.

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(888) 388-7133 Lender's profile and map Red Wing Credit Union 3303 North Service Drive, Red Wing, MN, 55066 Lends in Minnesota Red Wing Shoe Company employees decided to form a cooperative from which they could save and borrow at reasonable rates. The Red Wing Shoe Company Employees Credit Union began operation on June 1, 1954 in Plant 1 of the Red Wing Shoe Company, operated by members/volunteers. Professional staff was hired as the credit union grew,
(651) 388-5150 Lender's profile and map SJD Mortgage Services 142 Cannon View Dr, Red Wing, MN, 55066 Lends in Minnesota SJD Mortgage Services is a community lender that has been serving Minnesota home owners since 2004. SJD Mortgage Services has its office located in beautiful Red Wing Minnesota, one hour south east of Minneapolis, MN. At SJD Mortgage Services, our mission is to set a high standard in the mortgage industry.
(507) 280-1973 Lender's profile and map MCT Financial 3240 East River Road, Rochester, MN, 55906 Lends in Minnesota At MCT Financial, we have over 30 years of experience in serving mortgage borrowers. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. We offer unparalleled mortgage and refinance service to clients throughout the entire State of Minnesota!
(507) 299-0240 Lender's profile and map Main Source Mortgage 3224 6th Ave NE, Rochester, MN, 55906 Lends in Minnesota Main Source Mortgage our mission is to set a high standard in the loan industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the loan process so that you can confidently select the best loan for you & your company from the many loan options that are available today.
(507) 289-9000 Lender's profile and map Foresight Bank 138 West Broadway, Plainview, MN, 55964 Lends in Minnesota Foresight Bank is a unique community bank because we listen to our customers and we focus on environmental sustainability. We recognize every customer is different and we need to listen so we can understand how we can help. We don’t have a cookie-cutter approach that we apply to all of our customers,
(507) 534-3137 Lender's profile and map Peoples State Bank 100 4th Ave SE, Suite 6, Plainview, MN, 55964 Lends in Minnesota Since 1925, Peoples State Bank has been proud to serve the banking needs of our community. The original owner, William R Zabel, solidified his vision with the very first PSB branch in Plainview, MN. Since those early days, PSB has expanded to include branches in Altura and Elgin, MN, as well as Boyceville and Menomonie, WI.
(507) 280-0621 Lender's profile and map Olmsted National Bank 975 34th Avenue NW, Rochester, MN, 55901 Lends in Minnesota ONB Bank is the sole member of Olmsted Holding Corporation, a bank holding company headquartered in Rochester, Minnesota. ONB Bank offers a full array of services while maintaining the integrity of a community bank where decisions are made locally. ONB Bank takes pride in having served our community since 1996.
(507) 282-1845 Lender's profile and map Sterling State Bank 4200 Badger Hills Dr NW, Rochester, MN, 55901 Lends in Minnesota Sterling State Bank has been providing consumer and commercial banking services to Austin, MN and the southeast MN area for over 50 years. Our experienced Personal Bankers and mortgage Lenders can help with any of your banking needs from home mortgages to business cash management services.
(507) 289-0411 Lender's profile and map Minnesota First 1932 Viking Dr NW, Rochester, MN, 55901 Lends in Minnesota What sets Minnesota First apart from other financial institutions? That’s easy. Personalized service for over 50 years. At Minnesota First you are treated like an individual, not a number. We are never to busy to help you or assist you with any questions or financial needs that you have.