USDA and FHA Pro and Con in Shakopee, Scott County, MN
As of 2026, the USDA loan limit for Shakopee in the county of Scott, MN, is set at $358,800. In comparison, the FHA loan limit for a single-family home is $515,200.
Take advantage of the Lendersa® USDA loan calculator to compare today’s best rates between USDA and FHA loans. Determine the necessary income, credit score, reserve requirements, and documentation for qualification. Our advanced mortgage calculator allows you to compare USDA, FHA, Conforming, and VA loans side by side, helping you find the optimal program in for your unique financial needs.
2026 Loan Limits and Down Payment Information in Shakopee, County of Scott, MN
Loan Type
Maximum Loan Amount
Down Payment
USDA
$358,800
0%
FHA
$515,200
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Choices in Shakopee, MN
The mission of Lendersa® is to facilitate a seamless connection with the best USDA or FHA loan options in a swift manner. Choose from three different approaches to find matching lenders and ideal USDA loan packages.
A USDA home loan is backed by the government's Department of Agriculture, also referred to as a USDA rural development loan or USDA mortgage, and is specifically designed for rural communities. Unlike FHA loans that require at least a 3.5% down payment, USDA mortgages demand no down payment whatsoever.
Savings Bank of Danbury is a full-service Connecticut community bank rooted in history and positioned for the future.
Founded in 1849 under the same name, we have grown and adapted to serve our customers while building a reputation for financial stability, personal service and modern convenience.
USB is a mutual financial services organization committed to building lasting relationships that exceed the expectations of our customers & the communities we serve. We build lasting relationships that enrich the lives of our customers and communities. We are committed to professionalism, & our integrity & ethical standards will not be compromised.
At Global Mortgage Lending, LLC, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
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118-18 101 Avenue S, South Richmond Hill, NY, 11419
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1ST QM Michael O’Brien has experience with all forms of Mortgage Financing. He has over two decades of experience with all facets of mortgage financing. Michael is very comfortable and effective working with “FIRST TIME” Home Buyers as well as the seasoned investors. Michael specializes in properties that are located in Texas and California
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LET ONE OF OUR PROFESSIONAL MORTGAGE CONSULTANTS BUILD A MORTGAGE LOAN ESPECIALLY FOR YOU.
NEW HOMES AND RESALE HOMES SECOND HOMES AND VACATION HOMES ETC..
CALL OR COME BY OUR OFFICE FOR A FREE PRE -QUALIFICATION FOR A MORTGAGE LOAN BEFORE YOU SHOP FOR A NEW OR USED HOME. WE WILL FURNISH YOU WITH A PRE-APPROVAL LETTER AT NO CHARGE.
