USDA Vs. FHA Pro and Con comparison in Princeton, Mille Lacs County, MN
For 2025, the USDA loan limit in Princeton, positioned in Mille Lacs, MN, is $358,800, whereas the FHA limit for a single-family dwelling is $515,200.
Use the Lendersa® USDA loan calculator to assess and contrast today's USDA and FHA rates. Determine the income, credit, reserves, and documentation required to qualify. Our advanced mortgage calculator lets you see USDA, FHA, Conforming, and VA options side by side, helping you pick the optimal program in Alabama for your specific financial scenario.
2025 Loan Limits and Downpayment Requirements in Princeton, Mille Lacs, 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 Princeton, MN
The aim of Lendersa® is to facilitate the swift acquisition of the best USDA or FHA loan without hassle. Select one of three avenues to align with matching lenders and USDA loan programs.
The USDA home loan is a government-backed mortgage through the Department of Agriculture, also recognized as the USDA rural development loan. It's exclusively available in rural neighborhoods. Unlike FHA loans mandating a minimum of 3.5% down payment, USDA loans require none.
Advance America, we believe in better. We believe that setbacks are just opportunities for epic comebacks & we want to help make those comebacks happen.That’s why for the past 23+ years, Advance America has worked to become one of the nation’s leading providers of consumer financial services with online lending and over 1, 200 locations nationwide.
Heartland Bank is a family-owned, community bank serving the financial needs of Central Nebraska for over a century. We specialize in Personal, Business and Agricultural Banking. Our vision is to be a growing organization providing leadership that improves the lives of customers, associates and communities.
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