USDA Vs. FHA Pro and Con comparison in Moose-Lake, Carlton County, MN
As of 2026, the USDA loan limit for Moose-Lake, located in the county of Carlton, MN, is set to $285,000, while the FHA ceiling for a single-family home is $356,362.
The Lendersa® USDA loan calculator allows you to compare today's USDA and FHA rates, identifying the required income, credit, reserves, and documentation to qualify. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA loan options side by side, assisting you in selecting the ideal program for your financial needs in .
2026 Loan Limits and Downpayment Details in Moose-Lake, Carlton County, MN
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in Moose-Lake, MN
Lendersa®'s goal is to efficiently secure the best USDA or FHA loan without hassle. Choose one of three starting routes that connect you with matching lenders and USDA loan programs.
Government-supported by the Department of Agriculture, a USDA home loan, sometimes referred to as a USDA rural development loan or mortgage, is exclusively available in rural areas. Unlike FHA loans necessitating at least a 3.5% down payment, USDA loans require no down payment.
First National Bank of Moose Lake is a locally owned community bank dedicated to providing caring personal service, maintaining a knowledgeable staff and building long lasting customer relationships.
Demonstrating dedication to our customers, community and employees by providing meaningful conversations and services,
Northwoods Credit Union has 2 offices in Cloquet, one in Floodwood and one in Moose Lake. We started out as Northwest Paper Company Employees Credit Union back in 1936 & we have grown to serve all those who live, work, worship, attend school, or volunteer in Carlton, Pine, or St Louis County! We offer big bank products with local, hometown service.
At MCCU, we strive to be the primary, positive financial influence in the lives of our members/owners. That’s our mission. You’ll see it in everything we do for you. Imagine doing business with an organization that truly has your best financial future as its number-one goal. That’s our mission
Northview Bank has proudly served Minnesota and Wisconsin for over 100 years. Northview Bank offers competitive rates on mortgages, home equity loans, construction loans, vacation property loans and even land loans.Northview Bank has been a leader in financing bare land for decades and has extensive knowledge with financing these products.
A local, community bank is important to the area. All financial decisions are made by people who live and work in the community, understanding its needs. Originally located in the northern portion of the bowling alley building, the bank grew and a narrow addition was added to the north connecting it to the former Iverson garage building.
The Credit Union operated out of one room at 226 3rd St. in Proctor as a State Chartered Credit Union until October 1970 when it became a Federal Chartered Credit Union known as the Proctor Area Federal Credit Union. At that time, this 1, 200 member; $700, 000.00, Credit Union changed from an Employee Credit Union to a Community Credit Union.
Park State Bank is a full service financial institution that has been serving the good people of Minnesota since 1916. We have a long history of meeting the financial needs of the Steel Workers of the Morgan Park Steel Plant until its closing in the 1980s. In 1997 we built an office in Lincoln Park neighborhood, where we found an active community.
In 1943, people in the Hermantown community came together to create a credit union to give themselves & their neighbors a trusted, local financial solution. We proudly served members of the Duluth Homestead Association & patrons of the Hermantown Community Store. We provide financial education and banking solutions to help people understand.
