USDA Vs. FHA Pro and Con comparison in Staples, Todd County, MN
In 2026, the USDA loan limit for Staples, situated in Todd, MN, is $285,000, while the FHA limit for a single-family home is $356,362.
Use the Lendersa® USDA loan calculator to compare today's leading USDA and FHA rates, determining the necessary income, credit, reserves, and documentation to qualify. Our advanced mortgage calculator lets you see USDA, FHA, Conforming, and VA options side by side, aiding you in choosing the best program for your financial situation in .
2026 Loan Limits and Downpayment Requirements in Staples, Todd County, 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 Staples, MN
The aim of Lendersa® is to swiftly secure the best USDA or FHA loan available, ensuring no hassle. Choose from one of three initial pathways to find matching lenders and USDA loan programs.
A USDA home loan, also known as a USDA rural development loan or mortgage, is safeguarded by the Department of Agriculture and offered only in rural neighborhoods. Unlike FHA loans requiring a minimum down payment of 3.5%, USDA loans do not ask for any down payment.
Mid-Central National Bank has been a partner in this area’s progress since 1957. We have helped consumers and businesses alike to prosper for over 50 years by providing superior services to our customers. Our staff of experienced professionals will respond to your financial needs in a timely and effective manner.
RiverWood Bank is a network of community banks located in nine communities in Northern and Central Minnesota, including the cities of: Bagley, Baudette, Baxter, Benson, Bemidji, Big Lake, Crosslake, Monticello, and Morris. Our Mission is to Empowering employee-owners to exceed customer expectations.
We are committed to providing the best in financial products and services, and will search for creative solutions to your needs. Our flexibility and responsiveness to your requests allow us to tailor our services to meet your unique needs and to provide you with the best banking services available.
All loan decisions are made locally. The bank believes in personal service that starts with friendliness and a sincere desire to be helpful. Although their equipment and services are as advanced as any, the bank extends old-fashioned personal attention to its customers. The bank remains independent and family-owned and continues to grow.
Farmers & Merchants State Bank of New York Mills, Incorporated
11 Walker Avenue North Otter Tail, New York Mills, MN, 56567
Lends in Minnesota
Farmers & Merchants State Bank is a local bank serving our community’s financial needs with quality products and services. We are committed to exceeding our customers’ expectations with our friendly and professional staff. As a local, independent bank, we do not offer risky products and we pride ourselves on knowing our customers
Brainerd BN Credit Union was organized on November 25, 1940 as Brainerd NP Credit Union to serve the needs of the Northern Pacific Railway workers in central Minnesota. In 1970, after a merger changed the name of the local railway, Brainerd NP Credit Union changed its name to the name we use today, Brainerd BN Credit Union.
The First State Bank of Swanville was chartered on June 17, 1907. The name remains the same and has survived major economic challenges of the great depression and several wars. We have emerged from those challenges and 100 years later we continue in that tradition as we remain financially strong and family owned and operated.
Pine Country bank takes pride in providing our area businesses with the products and services you need to make your business successful. Whether your business is new or well-established, small or large, our business banking professionals get to know your business and work with you to meet your individual business needs.
