USDA and FHA Pro and Con in Dell-Rapids, Minnehaha County, SD

In the year 2025, the USDA loan limit for Dell-Rapids, situated in the county of Minnehaha, SD, is set to $285,000. Meanwhile, the FHA cap for a single-family home is $356,362.

Leverage the Lendersa® USDA loan calculator to evaluate and contrast today's top USDA versus FHA rates, figuring out the necessary income, credit, reserves, and documents for eligibility. Our advanced mortgage calculator offers a direct comparison of USDA, FHA, Conforming, and VA loans, aiding in choosing the optimal program for your financial circumstances in .

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Loan Limits and Downpayment Requirements for 2025 in Dell-Rapids, County of Minnehaha, SD

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 Dell-Rapids, SD

The aim of Lendersa® is to efficiently provide you with the best USDA or FHA loan possible. Choose one of the three initial steps that match you with lenders and available USDA loan programs.

Lendersa USDA loan inquiry and results of matching

Understanding USDA Loans in SD

USDA home loans, also known as USDA rural development loans or USDA mortgages, are government-backed by the Department of Agriculture and are available exclusively in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans require no down payment at all.

Utilize Lendersa®'s advanced tools to delve into loan limits and tailor your choice, ensuring the best fit for your financial aspirations within Minnehaha. This preparation can simplify and streamline your application journey.

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