USDA Vs. FHA your options comparison in Montevideo, Chippewa County, MN
In 2026, the USDA loan limit for Montevideo, in Chippewa, MN, is $336,500, while the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to compare the best USDA versus FHA rates available today, assessing the income, credit, reserves, and necessary documents to qualify. Our comprehensive mortgage calculator offers a side-by-side view of USDA, FHA, Conforming, and VA programs, guiding you to select the best option in Alabama for your specific financial needs.
2026 Loan Limits and Downpayment Requirements in Montevideo, Chippewa, MN
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Discovering USDA and FHA Loan Options in Montevideo, MN
The aim of Lendersa® is to assist you in obtaining the optimal USDA or FHA loan quickly and without complications. Select from three starting points that connect to matching lenders and USDA loan programs.
A USDA home loan, as guaranteed by the government through the Department of Agriculture, also called a USDA rural development loan, is exclusively available in rural areas. Unlike FHA loans that require at least a 3.5% down payment, USDA loans do not require any down payment.
The Co-op Credit Union was organized in 1940 when the co-operative movement was going strong in the rural areas. Nine people who believed in the co-op movement and the impact it had on the financial well-being of people met at the Co-op Grocery Store and the idea of a credit union was born.
When the bank opened in 1884, the founders had a clear vision: safeguarding people’s money so they could realize their dreams, & contributing to the community, making it a great place to live and work. In 1951, Russell Bauman joined the State Bank of Kerkhoven. He purchased the bank in 1976 & carried the vision forward with unwavering dedication.
PrinsBank was established in 1916 to serve the needs of our local communities. We offer a variety of banking products and services. We are proud of our ability to provide full-service banking with prompt, local decision making from people who know you. PrinsBank strives to make our customer's banking experiences easy and pleasant.
Bankers. Neighbors. Minnesotans. Lake Region Bank has been your neighbor since 1915. We live and work in your community, and you’ll see us at many of your neighborhood events. Our success has always been tied to the success of local families and businesses. From personal banking and insurance to business banking and wealth management services,
Midwest Mortgage has built a strong reputation as an outstanding mortgage brokerage firm serving the lending needs of real estate professionals and individual homebuyers throughout Minnesota. We’re a full-service mortgage broker offering expertise in every area of mortgage lending.
First Independent Bank provides personal care for each customer while having the expertise and resources of a large bank. With broad experience and the ability to work with more types of financing solutions than many competitors, First Independent Bank is a collaborative group of advocates for businesses and families in Minnesota.
United Minnesota Bank is a locally owned, independent community bank that offers the same wealth of products and services as larger banks, yet provides high-quality customer service. Since our inception in 1890 as the State Bank of New London, we have served the banking needs of many families and local businesses. We have partnered with them to fos
HomeTown Bank has been providing customers with the most innovative financial services & solutions. HomeTown Bank is proud to give back to the communities we serve through donations,volunteering, partnerships & ongoing support. As a community bank, HomeTown Bank Strives to personally get to know customers,build strong relationships they can trust.
Our purpose is to make a positive impact on our customers, employees, and communities. We try to do this by actively practicing our values every single day. We also have a dedicated focus on building relationships with our customers. We want what\ u2019s best for YOU; you\ u2019re our #1 priority.
