USDA Vs. FHA Pro and Con comparison in Richfield, Hennepin County, MN
In 2025, the USDA loan limit for Richfield, located in the county of Hennepin, MN, is $0, whereas the FHA limit is $515,200 for a single-family home.
Utilize the Lendersa® USDA loan calculator to evaluate and contrast today's USDA against FHA loans for the best rates available. Learn about the income, credit, reserves, and necessary documents for qualification. Our advanced mortgage calculator places USDA, FHA, Conforming, and VA options side by side to help you decide which program in suits your financial situation best.
2025 Loan Limits and Down Payment Requirements in Richfield, County of Hennepin, MN
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$515,200
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Richfield, MN
The goal of Lendersa® is to connect you swiftly and effortlessly with top USDA and FHA loan choices. Select one of three pathways to find matching lenders and USDA loan programs tailored to your needs.
A USDA home loan is a government-backed mortgage through the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage. These loans are exclusively available in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans require no down payment.
177 S. Jordan Creek Pkwy, West Des Moines, IA, 50266
Fidelity Bank is a locally owned, locally managed community bank in Iowa. With a commitment to providing our customers with the banking services and support they need; Fidelity Bank offers a variety of banking and lending options.
Fidelity Bank is on LinkedIn to celebrate our team members.
1150 Jordan Creek Pkwy, West Des Moines, IA, 50266
With over 25 locations in 22 communities across the state, Bank Iowa offers the services of a large financial institution, but operates as a community bank in which decisions are made locally. The Bank Iowa locations are affiliates of Bank Iowa Corporation, a privately owned bank holding company headquartered in West Des Moines, Iowa.
American Equity Investment Life Insurance Company®
6000 Westown Parkway, West Des Moines, IA, 50266
An American-owned and operated company headquartered in the heart of the Midwest, American Equity Investment Life Insurance Company® is a leader in the fixed indexed annuities marketplace. American Equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships.
Financial Plus Credit Union is a full service financial institution which is cooperative in structure and serves the community of Des Moines, Iowa.We are in the business of improving the financial lives of our member/owners. Each account holder is an owner and is rewarded with personal service, the best rates and life stage products.
At HomeServices Lending, you can choose from wide range of home financing options including conventional conforming, fixed rate and adjustable rate, FHA and VA loans, jumbo financing, investment property financing, refinancing and renovation loans. Our mission is to provide credit-worthy customers
1501 42nd St, Suite 465, West Des Moines, IA, 50266
Summit Mortgage is changing the way homebuyers view and experience the mortgage lending process. In today’s technology-driven world, it’s easy to end up as another piece of data in an automated system. But we think homebuyers deserve better. That’s why we’ll provide you with personalized service, complete transparency
The MADISON FIRE DEPARTMENT CREDIT UNION is committed to providing its members sound and dependable financial service, an environment where members can interact with mutual trust, respect and dignity by creating a sense of pride and ownership. The credit union will provide loans in a prudent, sound and discreet manner in accordance.
At Park Bank we believe drive and ambition come from the heart. That achievement means different things to each of us. And there’s no one way to what’s next.
We find purpose in making each unique vision a reality. Whether you’re seeking a savings account or mortgage, striving for financial independence or prosperity
Wisconsin Education Association Credit Union was established by WEAC in 1931 as a member cooperative that would offer a wide range of financial services to the teachers of Wisconsin. The credit union would provide them with a safe place to deposit their savings and obtain reasonably priced loans.
