USDA Loan Vs. FHA loan for Wadena, MN [ best of 2023]

In 2025, USDA loan limit in Wadena, county of Wadena, MN is $336,500 while FHA limit is $472,030 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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USDA and FHA loan options in Wadena, MN

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

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What is USDA Loan in Minnesota?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

(763) 782-7302 104 miles Lender's profile and map Reviews United Family Mortgage Monticello 8623 Elk Ave, Monticello, MN, 55362 United Family Mortgage has been in business for more than 20 years and we strive to offer our local Elk River family and friends the best mortgage services available, in addition to our extended family and friends in the Otsego, Ramsey, Zimmerman and Big Lake, MN areas. If you are in the area
(320) 269-2117 104 miles Lender's profile and map Reviews Co-op Credit Union Of Montevideo 2407 E Highway 7, Montevideo, MN, 56265 The Co-op Credit Union was organized in 1940 when the co-operative movement was going strong in the rural areas. Nine people who believed in the co-op movement and the impact it had on the financial well-being of people met at the Co-op Grocery Store and the idea of a credit union was born.
(320) 978-6351 106 miles Lender's profile and map Reviews PrinsBank 508 Third Street, Prinsburg, MN, 56281 PrinsBank was established in 1916 to serve the needs of our local communities. We offer a variety of banking products and services. We are proud of our ability to provide full-service banking with prompt, local decision making from people who know you. PrinsBank strives to make our customer's banking experiences easy and pleasant.
(320) 286-2191 107 miles Lender's profile and map Reviews The First National Bank of Cokato 365 Broadway Ave S, Cokato, MN, 55321 The First National Bank of Cokato (formerly known as Citizens State Bank) opened for business November 2, 1916 with total assets of $970.62. In 1920 a new bank site was purchased and the bank moved into its new quarters in July, 1923. First National Bank has enjoyed the privilege.
(763) 441-1000 109 miles Lender's profile and map Reviews The Bank of Elk River 630 Main Street, Elk River, MN, 55330 The Bank of Elk River is a community bank that has been family-owned and operated since 1885. Founded with a vision of being strong, loyal and innovative - a tradition we still honor today - we are committed to providing our customers with great service, convenient products and an overall better banking experience.
(701) 874-2161 109 miles Lender's profile and map Reviews Dakota Heritage Bank of North Dakota 109 Main Street, Hunter, ND, 58048 Dakota Heritage Bank aspires to have a strong image created by helping our customers accumulate and retain wealth. We will sell those products and services that will enhance our customers’ ability to reach their financial goals.Our core purpose is to make a positive impact in our communities and in the lives we touch.
(763) 682-5626 109 miles Lender's profile and map Reviews Midwest Mortgage Consultants 600 Soo Lane, Suite 6, Buffalo, MN, 55313 At Midwest Mortgage Consultants, 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.
(218) 253-2775 109 miles Lender's profile and map Reviews Red Lake Co-op Federal Credit Union 111 2nd Street SW, Red Lake Falls, MN, 56750 Red Lake Co Op Federal Credit Union has been open since 1949. The credit union has assets totaling $8.4 Million and provides banking services to more than 1, 000 members. The credit union is religious, or fraternal, or low-income associational credit union. Membership is also open to immediate family of current members.
(763) 689-2500 110 miles Lender's profile and map Reviews Cambridge State Bank 127 South Main, Cambridge, MN, 55008 Cambridge State Bank is located at 127 South Main Street and 127 Opportunity Blvd North in Cambridge. We are committed to helping you grow, and our products combine all the technology you need to achieve your goals, with the personal touch you want. Cambridge State Bank has been going strong since 1914.
(763) 689-1071 110 miles Lender's profile and map Reviews Minnco Credit Union 236 2nd Avenue SW, Cambridge, MN, 55008 Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost. Having grown to more than 28, 000 members, Minnco Credit Union is preserving its rich tradition by continuing to provide our members with new, convenient products and services.
(320) 252-2634 111 miles Lender's profile and map Reviews ST. CLOUD FINANCIAL CREDIT UNION 5600 La Centre Ave, Suite 100, Albertville, MN, 55301 St. Cloud Financial Credit Union is a local not-for-profit. That means it is natural for us to focus on our members' needs, not our bottom line. We care, we partner with our members on their banking needs, and we build genuine relationships. We are committed to creating a meaningful difference for our members and our community.
(320) 769-2908 113 miles Lender's profile and map Reviews Dawson Co-op Credit Union 711 6th Street, Dawson, MN, 56232 Dawson Co-op Credit Union is a member-owned, nonprofit financial cooperative. A cooperative is an association of people who voluntarily join together to meet their common economic, social, or cultural needs, and aspirations through a jointly owned and democratically controlled enterprise.