USDA Vs. FHA your options comparison in Owatonna, Steele County, MN
In 2025, the USDA loan limit for Owatonna, in Steele county, MN, is $336,500, whereas for a single-family home, the FHA limit is $472,030.
Take advantage of the Lendersa® USDA loan calculator to compare today's USDA versus FHA best rates and figure out the income, credit, reserves, and documents necessary to qualify. Our advanced mortgage calculator puts USDA, FHA, Conforming, and VA options side by side, aiding in selecting the right program in for your unique financial scenario.
2025 Loan Limits and Down Payment Requirements in Owatonna, County of Steele, MN
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Owatonna, MN
Lendersa®'s goal is to secure the best USDA or FHA loan for you swiftly and effortlessly. Select one of three paths that lead to matching lenders and USDA loan programs.
A USDA home loan, guaranteed by the government through the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is available exclusively in rural neighborhoods. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage requires no down payment.
SC Home Loans is a local, family owned company with a mission to serve our community. We believe the rates and fees offered by banks and other financial institutions can be excessive. Our desire is to help you navigate the complexity of today's mortgages, because we understand the needs of South Carolina families.
Citizen’s Choice Federal Credit Union is a financial cooperative that offers a wide range of products with the most convenient rates. We know how important it is always to have options to select from; therefore, we provide a large variety of services for every citizen: share accounts, payroll deduction, direct deposit, auto loans,
Old South FCU was formed in 1953 originally to serve employees of the International Paper Company located in Natchez, MS. Over the years, Old South's field of membership has grown to include other Select Employee Groups. We have since expanded our field of membership to include Concordia Parish, LA and Adams County, MS.
The mission of UMB is to ensure continued growth and prosperity by hiring the most qualified and dedicated employees, staying current with technological advances in the banking industry, supporting and enriching our employees and the communities we serve, and delivering a competitive shareholder return.
At Integrity Mortgage Center LLC We are a Licensed Mississippi and Louisiana Mortgage Company that has been servicing the Miss- Lou since 2008. We will treat you with the respect due an esteemed customer and give you the personal service you deserve. We understand the big commitment you are making in buying a home, refinancing a mortgage
TCP Credit Union has been open since 1980. The credit union has assets totaling $11.67 Million and provides banking services to more than 2, 000 members.
The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members
Piedmont Credit Union is a state chartered, federally insured community credit union, serving members in Iredell County since 1981. Membership in Piedmont Credit Union requires the completion of an account card, 2 forms of identification you must live or work in Iredell county or be an immediate family member of a current member
AgChoice Farm Credit is an Agricultural Credit Association. Through 10 branch offices, it provides financial services to over 10, 000 customers in 52 counties in central, western and northern Pennsylvania as well as four counties in West Virginia. To learn more about AgChoice Farm Credit and its financial programs, visit www.agchoice.com
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.
