USDA Vs. FHA Pro and Con comparison in Monticello, Wright County, MN
In 2025, within Monticello, located in Wright county, MN, the USDA loan limit is $358,800. Meanwhile, the FHA loan cap for a single-family home stands at $515,200.
Utilize the Lendersa® USDA loan calculator to compare today's most favorable USDA and FHA rates while identifying the income, credit, reserves, and documents needed for qualification. Our advanced mortgage calculator allows you to see USDA, FHA, Conforming, and VA loans side by side, assisting you in deciding which program in best fits your financial needs.
2025 Loan Limits and Down Payment Details in Monticello, County of Wright, MN
Loan Type
Loan Limit
Down Payment
USDA
$358,800
0%
FHA
$515,200
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Options in Monticello, MN
The aim of Lendersa® is to quickly and easily connect you with the best USDA or FHA loans available. Choose one of three starting points to efficiently match lenders and USDA loan programs.
A USDA home loan is typically a mortgage backed by the government via the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage. These loans are available only in rural neighborhoods. Unlike FHA loans demanding at least a 3.5% down payment, USDA loans require no down payment whatsoever.
Alternatives is a regional Community Development Credit Union (CDCU) & a Community Development Financial Institution (CDFI). Our mission is to build wealth & create economic opportunity for underserved people & communities. Our vision is to lead an economic movement to create thriving, empowered communities with financial freedom for everyone.
Our mission is to provide the highest level of personal financial services in a friendly, professional manner; to encourage thrift, savings and the wise use of credit; to increase the knowledge & ability of our members to manage & control their financial well-being; to provide sound financial management.
Originally founded in 1936 as First Federal Savings and Loan, The Southern Bank continues its commitment to the customers, employees, and communities it serves. Providing both Personal and Business Banking solutions, The Southern Bank focuses on delivering clear, uncompromising customer service.
Exchange Bank proudly serves as Etowah County’s community bank. Since 1909 we have been an active growing part of this community, committed to meeting the needs of the people. This commitment is as strong today as it was over a century ago when we opened our doors as First State Bank of Altoona.
Founded in 1987, First Equity Home Loan is a Gadsden, Alabama based multi branch mortgage banker/broker. Our titles vary. We’re commonly called loan officers, loan consultants, mortgage experts, mortgage pro's loan originators, mortgage bankers, mortgage pro's...you get the picture.
"adsden Mortgage Services has been helping residents of Etowah County and surrounding counties for over 50 years. Established in 1958, we are Gadsden’s oldest mortgage company. We are a wholly-owned subsidiary of Exchange Bank and proud to be part of the family.
We offer a variety of loan products from construction loans"
Alabama Teachers Credit Union was organized in March 1959 with just two employees, and was located on the second floor of the Gadsden City Board of Education Building. Previously known as Etowah Teachers Credit Union, our original Select Employee Group (SEG) was only open to employees and family members of the Gadsden City
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