USDA Vs. FHA your options comparison in Park-Rapids, Hubbard County, MN

As of 2026, the USDA loan limit in Park-Rapids, Hubbard county, MN, is $285,000. Meanwhile, the FHA limit for a single-family home is $356,362.

Utilize the Lendersa® USDA loan calculator to compare current USDA vs. FHA rates, determining necessary income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA options side by side to assist in choosing the best program for your financial scenario in .

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2026 Loan Limits and Down Payment Requirements in Park-Rapids, Hubbard, MN

Loan Type Loan Limit Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

Options for USDA and FHA Loans in Park-Rapids, MN

Lendersa®'s goal is to quickly secure you the best USDA or FHA loan without hassle. Choose one of three starting points to find matching lenders and USDA programs.

Lendersa USDA loan request and matches

Understanding USDA Loans in MN

Guaranteed by the U.S. Department of Agriculture, USDA loans, also known as USDA rural development loans or mortgages, are available only in rural areas. Unlike FHA loans that need a minimum 3.5% down payment, USDA mortgages don't require any down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



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