USDA and FHA Pro and Con in Lakeville, Dakota County, MN
In 2025, the USDA loan limit in Lakeville, within the county of Dakota, MN, is set at $358,800, while the FHA cap for a single-family home stands at $515,200. These values are essential benchmarks for potential homeowners as they navigate financial options available.
Utilize Lendersa®'s USDA loan calculator to compare today's top rates between USDA and FHA loans. This tool assists in identifying necessary income, credit, reserves, and documents for qualification. With our advanced mortgage calculator, you can evaluate USDA, FHA, Conforming, and VA loans side by side, helping you decide which program in best suits your financial situation.
Insight into 2025 Loan Limits and Downpayment Requirements in Lakeville, County of Dakota, MN
Loan Type
Loan Limit
Down Payment
USDA
$358,800
0%
FHA
$515,200
3.5%
Conventional Conforming
$726,200
3%
Reviewing USDA and FHA Loan Options in Lakeville, MN
The aim of Lendersa® is to facilitate finding the best USDA or FHA loan quickly and with minimal hassle. Select one of the three approaches that guide you to lenders and custom USDA loan programs.
A USDA home loan is supported by the government through the Department of Agriculture, sometimes called USDA rural development loans or USDA mortgages, exclusive to rural areas. Unlike FHA loans requiring a minimum down payment of 3.5%, the USDA mortgage offers the advantage of zero down payment, greatly benefiting qualifying buyers.
At Pacific National, we are a family oriented company that strives to help our customers recover from previous financial mistakes, and give them the support & assistance to get back on their feet again. We firmly believe that your past does not need to dictate your future, and wherever possible we aim to find a solution to your financial problems.
Service First’s history began like most credit unions: with our members. Back in the early stages of America’s financial system, banks were only accessible to the upper class. People began joining forces to create their own financial institutions. Credit unions were started by people, for people.
Bluestone Federal Credit Union a not-for-profit, full service financial cooperative serving 43 counties across Iowa, Minnesota, Nebraska and South Dakota by providing convenient online banking tools and consumer-centric lending and saving solutions.Credit Union a not-for-profit, full service financial cooperative serving 43 counties.
Tomahawk Community Bank, SSB, was formed as Tomahawk Building and Loan on March 29, 1920. In 1960 the name changed to Tomahawk Savings and Loan and was chartered as a mutual state thrift institution. In 1993, to better accommodate our customers, we changed our charter making us a state savings bank
Intercity State Bank is an independent community bank where we approach things differently. We have been serving Schofield & the surrounding areas for 60 years.Originally chartered in the 1952, Intercity has continued to provide the best personal attention to the needs of the citizens & local business community through the changing decades.
Central Wisconsin Credit Union was created as the result of a merger between Consolidated Community Credit Union and Wisconsin River Credit Union. While the name, location and look of the credit union is relatively new, CWCU is endowed by a rich heritage, combining over 125 years
CU Mortgage Direct LLC is a South Dakota Limited Liability Company, NMLS# 198895. We are a mortgage banker/direct lender for all types of home loans. Since we are owned by credit unions, we have a strong financial backing and we can pass that savings on to you. With over 150 years of combined experience, we can help you obtain the right loan.
Fishback Financial Corporation (FFC) is the parent company of First Bank & Trust. One of South Dakota's largest privately held financial holding companies, FFC has 22 First Bank & Trust locations in 17 towns in South Dakota and Minnesota We are proud to be a family- and employee-owned community bank.
