USDA and FHA Pro and Con in Red-Wing, Goodhue County, MN

As of 2025, the USDA loan limit in Red-Wing, Goodhue county, MN, is $285,000. Meanwhile, the FHA limit for a single-family home is $356,362.

To compare the competitive USDA and FHA rates today, utilize the Lendersa® USDA loan calculator. This tool helps you determine the income, credit, reserves, and documentation needed to qualify. Our advanced mortgage calculator offers a side-by-side view of USDA, FHA, Conforming, and VA programs to assist you in selecting the best option for your specific financial needs in .

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Loan Limits and Down Payment Requirements for 2025 in Red-Wing, County of Goodhue, 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 Red-Wing, MN

Lendersa® is dedicated to swiftly connecting you with the best USDA or FHA loans available. Start with one of three initial pathways to find matching lenders and USDA loan programs.

Diagram of Lendersa USDA loan request and matching results

Understanding USDA Loans in MN

The USDA home loan, also known as a USDA rural development loan or USDA mortgage, is backed by the U.S. Department of Agriculture and is available exclusively in rural areas. Unlike FHA loans that require a minimum down payment of 3.5%, USDA loans require no down payment at all, offering a substantial advantage to qualifying buyers.

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



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