USDA Vs. FHA Pro and Con comparison in Milaca, Mille Lacs County, MN
As of 2026, the USDA loan limit for Milaca, in the county of Mille Lacs, MN, is $358,800. The FHA limit for a single-family home, meanwhile, is $515,200.
Use the Lendersa® USDA loan calculator to weigh today's top USDA and FHA rates, enabling you to determine the required income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, assisting you in picking the best program suited to your financial needs in .
2026 Loan Limits and Downpayment Requirements in Milaca, Mille Lacs County, MN
Loan Type
Loan Limit
Down Payment
USDA
$358,800
0%
FHA
$515,200
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Milaca, MN
The aim of Lendersa® is to efficiently secure the most favorable USDA or FHA loan, free from hassle. Select from three starting points to connect with matching lenders and USDA loan programs.
A USDA home loan, also known as a USDA rural development loan or mortgage, is guaranteed by the government Department of Agriculture and is available only in rural areas. Unlike FHA loans, requiring a minimum down payment of 3.5%, USDA loans require none.
The First National Bank of Milaca is a family-owned community bank headquartered in Milaca, Minnesota, with $217 million in total assets. The Bank was founded in 1897 and today has four offices located in Milaca, Isle, Gilman and Zimmerman, focused on serving retail customers and business firms in the communities it serves.
At Falcon National Bank we build long lasting Relationships with our customers, our communities, and our colleagues. With the highest level of Integrity, we provide trusted Solutions and exceptional Service to deliver the very best banking experience. We pride ourselves on our fast and reliable Execution.
We believe our customer service record is one of the best in the industry and we want our customers to know that they are important to us and know that we do things differently than our competitors. Woodlands National Bank has a 100-year tradition of quality customer service and we are willing to stand behind our promises through The Woodlands Way.
Cambridge State Bank is located at 127 South Main Street and 127 Opportunity Blvd North in Cambridge. We are committed to helping you grow, and our products combine all the technology you need to achieve your goals, with the personal touch you want. Cambridge State Bank has been going strong since 1914.
Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost. Having grown to more than 28, 000 members, Minnco Credit Union is preserving its rich tradition by continuing to provide our members with new, convenient products and services.
Farmers & Merchants State Bank has been locally owned and operated within our community for more than 110 years. As a local bank, we have the luxury of providing the friendly service and respect that should be expected of a small-town bank, while offering every banking service and also full-service personal and business banking to proven lending po
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
We’re proud to be an independently owned community bank and of the vital role we have in the area we serve. From our owners to tellers, we all live, work, and invest in the local homes and businesses in these same communities. At Sherburne State Bank we pride ourselves on being well-rounded bankers who understand sales, underwriting.
American Heritage Bank – The oldest family-owned and operated bank in St. Cloud since 1881, including bank offices in Clearwater, Avon, Long Prairie and Browerville. Also known as the Log Bank, both banking locations in St. Cloud are constructed from full-sized cut pine logs occupying 30, 000 square feet each.
