USDA Vs. FHA your options comparison in Madison, Lake County, SD
In 2026, the USDA loan limit in Madison, in the county of Lake, SD stands at $336,500. Meanwhile, the FHA limit for a single-family home is $472,030.
Use the Lendersa® USDA loan calculator to look at today's best rates for USDA versus FHA, assessing the needed income, credit, reserves, and documents for qualification. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA side by side, helping you determine which option in suits your financial needs.
2026 Loan Limits and Downpayment Requirements in Madison, County of Lake, SD
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Madison, SD
Lendersa® strives to secure for you the most suitable USDA or FHA loan quickly and hassle-free. Choose one of three starting points that lead to matching lenders and available USDA lending programs.
A USDA home loan, alternatively referred to as a USDA rural development loan or USDA mortgage, is government-backed, provided by the Department of Agriculture, and available exclusively in rural neighborhoods. Unlike FHA loans that demand a minimum down payment of 3.5%, USDA mortgages require no down payment at all.
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