USDA Loan Vs. FHA loan for Rochester, MN [Olmsted County ]

For the year 2026, in Rochester, situated within the county of Olmsted, MN, the USDA loan ceiling is $336,500. Meanwhile, the FHA cap for a single-family dwelling is $472,030.

Utilize the Lendersa® USDA loan calculator to evaluate today's leading rates for USDA vs. FHA, and assess the necessary income, credit scores, reserves, and documentation to qualify. Our advanced mortgage calculator presents a comparison of USDA, FHA, Conforming, and VA programs side by side, assisting you in identifying the best choice for your specific financial requirements in .

USDA and FHA Mortgage Opportunities in Rochester, MN

The objective of Lendersa® is to secure the most favorable USDA or FHA loan for you without any hassle, swiftly and easily. Start by choosing from one of three pathways to find matching lenders and USDA loan schemes.

Lendersa USDA loan applications and matching outcomes

Understanding USDA Loans in MN

The USDA home loan is a government-backed mortgage, also known as the USDA rural development loan or USDA mortgage, and is applicable exclusively in rural locales. This type of loan does not require any down payment, unlike FHA loans, which demand a minimum down payment of 3.5%.

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Rochester Lenders
(507) 775-2316 Lender's profile and map First Security Bank 316 Byron Avenue North, Byron, MN, 55920 Lends in Minnesota First Security Bank is a local, family owned bank that is a proud supporter in helping customers achieve financial success and freedom. We are passionate about the community in which we live and work and strive to pay it forward and make a positive impact to better the lives of others.
(507) 288-0330 Lender's profile and map First Alliance Credit Union 300 North Main Street, Stewartville, MN, 55976 Lends in Minnesota At First Alliance Credit Union, we place our members' (and future members) needs first by providing compassion, guidance, and resources to promote their financial well-being. At First Alliance Credit Union, we want to be the trusted partner of choice for the financial success of our members and the communities we serve.
(507) 280-0621 Lender's profile and map Olmsted National Bank 975 34th Avenue NW, Rochester, MN, 55901 Lends in Minnesota ONB Bank is the sole member of Olmsted Holding Corporation, a bank holding company headquartered in Rochester, Minnesota. ONB Bank offers a full array of services while maintaining the integrity of a community bank where decisions are made locally. ONB Bank takes pride in having served our community since 1996.
(507) 282-1845 Lender's profile and map Sterling State Bank 4200 Badger Hills Dr NW, Rochester, MN, 55901 Lends in Minnesota Sterling State Bank has been providing consumer and commercial banking services to Austin, MN and the southeast MN area for over 50 years. Our experienced Personal Bankers and mortgage Lenders can help with any of your banking needs from home mortgages to business cash management services.
(507) 289-0411 Lender's profile and map Minnesota First 1932 Viking Dr NW, Rochester, MN, 55901 Lends in Minnesota What sets Minnesota First apart from other financial institutions? That’s easy. Personalized service for over 50 years. At Minnesota First you are treated like an individual, not a number. We are never to busy to help you or assist you with any questions or financial needs that you have.
(507) 280-1973 Lender's profile and map MCT Financial 3240 East River Road, Rochester, MN, 55906 Lends in Minnesota At MCT Financial, we have over 30 years of experience in serving mortgage borrowers. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. We offer unparalleled mortgage and refinance service to clients throughout the entire State of Minnesota!
(507) 299-0240 Lender's profile and map Main Source Mortgage 3224 6th Ave NE, Rochester, MN, 55906 Lends in Minnesota Main Source Mortgage our mission is to set a high standard in the loan industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the loan process so that you can confidently select the best loan for you & your company from the many loan options that are available today.
(507) 289-9000 Lender's profile and map Foresight Bank 138 West Broadway, Plainview, MN, 55964 Lends in Minnesota Foresight Bank is a unique community bank because we listen to our customers and we focus on environmental sustainability. We recognize every customer is different and we need to listen so we can understand how we can help. We don’t have a cookie-cutter approach that we apply to all of our customers,
(507) 534-3137 Lender's profile and map Peoples State Bank 100 4th Ave SE, Suite 6, Plainview, MN, 55964 Lends in Minnesota Since 1925, Peoples State Bank has been proud to serve the banking needs of our community. The original owner, William R Zabel, solidified his vision with the very first PSB branch in Plainview, MN. Since those early days, PSB has expanded to include branches in Altura and Elgin, MN, as well as Boyceville and Menomonie, WI.