USDA and FHA Pro and Con in Milbank, Grant County, SD

In 2025, within Milbank, situated in Grant county, SD, the USDA loan limit is set at $336,500. In contrast, the FHA limit for single-family homes stands at $472,030.

Utilize the Lendersa® USDA loan calculator to differentiate between today's top USDA and FHA rates, identifying the necessary income, credit, reserves, and documentation needed for qualification. Our advanced mortgage calculator allows for a comprehensive comparison of USDA, FHA, Conforming, and VA loan options side by side, aiding you in deciding which program is most suitable for your financial needs in .

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Detailed 2025 Loan Limits and Downpayment Info for Milbank, County of Grant, SD

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Exploring USDA and FHA Loan Opportunities in Milbank, SD

The primary goal of Lendersa® is to swiftly provide the optimal USDA or FHA loans without complications. Choose from three starting routes that connect you with matching lenders and appropriate USDA loan solutions.

Lendersa USDA loan inquiry and matching results

Defining the USDA Loan in SD

A USDA home loan, also known as a USDA rural development loan or USDA mortgage, is a loan backed by the Department of Agriculture, exclusively available in rural areas. Unlike FHA loans that require at least a 3.5% down payment, USDA loans do not require any down payment.

Lendersa®'s sophisticated tools help you effectively navigate and choose the best loan limits for your financial aspirations in Grant. Time spent in preparation translates to a seamless application experience.

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



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