USDA Vs. FHA Pro and Con comparison in Wayzata, Hennepin County, MN

In the year 2025, the USDA loan limit for Wayzata in Hennepin, MN, is set at $0, while the FHA limit for a single-family residence is $515,200.

Utilize the Lendersa® USDA loan calculator to compare today's top USDA against FHA interest rates. Determine the income, credit score, reserves, and documentation necessary for qualifying. Our advanced mortgage calculator allows you to evaluate USDA, FHA, Conforming, and VA loans side-by-side, assisting you in making the best financial decision for your situation in .

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Loan Limits and Downpayment Requirements for 2025 in Wayzata, Hennepin, MN

Loan Type Loan Limit Down Payment
USDA $0 0%
FHA $515,200 3.5%
Conventional Conforming $726,200 3%

Discover USDA and FHA Loan Options in Wayzata, MN

The objective of Lendersa® is to promptly secure you the most competitive USDA or FHA loan with ease. Choose from one of three starting points to access matching lenders and USDA loan program options.

Results of Lendersa USDA loan inquiry and matches

Understanding the USDA Loan in MN

A USDA home loan is a mortgage backed by the U.S. Department of Agriculture, commonly referred to as a USDA rural development loan or USDA mortgage. It is exclusively available in rural areas. Unlike FHA loans, which require a minimum 3.5% down payment, USDA loans require no down payment at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



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