FHA Vs. USDA loan program for Mitchell, Davison County, South Dakota

During 2026, the USDA loan threshold for Mitchell in the county of Davison, SD is $336,500, whereas the FHA limit stands at $472,030 for single-family homes.

Leverage the Lendersa® USDA loan calculator to scrutinize current USDA versus FHA rates, assisting you in determining the necessary income, credit, reserves, and paperwork required for qualification. Our sophisticated mortgage calculator juxtaposes USDA, FHA, Conforming, and VA loans to aid decision-making for your specific financial scenario in .

Explore USDA and FHA loan options in Mitchell, SD

Lendersa® strives to provide you with the most favorable USDA or FHA loan quickly and without complication. Choose one of the three starting points below to connect with lenders and explore USDA lending options.

Results of Lendersa USDA loan request and matching

Understanding USDA Loans in SD

A USDA home loan, also recognized as a USDA rural development loan or mortgage, is a government-backed loan by the Department of Agriculture, tailored for rural areas. Contrasted with FHA loans, which require at least a 3.5% payment down, USDA mortgages require no down payment at all.

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(800) 881-5611 Lender's profile and map Reviews Dacotah Bank 308 S Main St, Aberdeen, SD, 57401 Dacotah Bank is a bank with operations in one state. Dacotah Bank offers numerous mortgage programs including conventional, non-owner occupied, VA and USDA mortgages and Dacotah Bank is uniquely nimble as a state-chartered bank and locally impactful through Give Where We Live. Dacotah Bank provides banking.
(605) 281-0632 Lender's profile and map Reviews Refined Lending 523 S. Main St, Suite 2, Sioux Falls, SD, 57401 Refined Lending is a custom home mortgage company specializing in up and coming or established, urban and suburban neighborhoods in the Twin Cities. Our experienced team works closely to suggest the perfect mortgage for your unique lifestyle; a payment that fits within your budget.
(507) 532-2426 Lender's profile and map Reviews First Independent Bank 105 South Market Street, Marshall, MN, 56258 First Independent Bank provides personal care for each customer while having the expertise and resources of a large bank. With broad experience and the ability to work with more types of financing solutions than many competitors, First Independent Bank is a collaborative group of advocates for businesses and families in Minnesota.
(605) 426-6031 Lender's profile and map Reviews Ipswich State Bank 301 First Avenue, Ipswich, SD, 57451 The Ipswich State Bank is a locally-owned bank located in Ipswich, SD that has been serving the community since 1938. At the Ipswich State Bank our customers have been, and always will be our first priority. We do everything that we can to make all of their banking needs as accessible and easy as possible.
(605) 224-6264 Lender's profile and map Reviews Oahe Federal Credit Union 221 E Pleasant Drive, Pierre, SD, 57501 Oahe Federal Credit Union has been providing services to employees of the City of Pierre and Ft. Pierre, the State of South Dakota, Hughes and Stanley Counties, the Federal Government, South Dakota Retailers, Capital Area Counseling, Avera St. Mary’s, Pierre Indian Learning Center, and School Systems of Pierre and their immediate family members.
(712) 943-5511 Lender's profile and map Reviews Pioneer Bank 202 1st Street, Sergeant Bluff, IA, 51054 At Pioneer it's Personal is more than just our tagline, it's a way of life at Pioneer Bank. We are a locally owned community-focused bank with enough geographical reach to compete digitally while still being able to provide exceptional one-on-one personal service. If you're already a customer, thank you!
(402) 387-2381 Lender's profile and map Reviews West Plains Bank 200 North Main Street, Ainsworth, NE, 69210 West Plains Bank founded as Commercial State Bank opened its doors in Ainsworth on 1913. After a national bank charter was granted on November 1, 1927, the bank changed its name to the Commercial National Bank of Ainsworth The local bank weathered the financial storms of the 20′s, the depression of the 30′s, the hectic periods of both World Wars.
(712) 376-4154 Lender's profile and map Reviews Farmers State Bank 106 E. Cedar, Marcus, IA, 51035 Farmers State Bank of Marcus was started in December of 1928 to serve the people of Marcus and the surrounding farming community. Although the Bank has grown over the years, our commitment and dedication to serving our customers is unchanged. We have been and are still “a real community bank.” We are locally owned
(402) 454-6511 Lender's profile and map Reviews Madison County Bank 111 West Third Street, Madison, NE, 68748 "Madison County Bank takes pride in still having the friendly personal touch that has been our hallmark since we began in 1888. Today, our tellers still know most of their customers on a first name basis, and the bank is stronger and more secure than ever. We pride ourselves on our personalized approach to community banking
(402) 528-3223 Lender's profile and map Reviews First Community Bank of Central 201 Main Street, POB 100, Beemer, NE, 68716 With a variety of financial services to meet your needs, First Community Bank is certain to have the solution you're looking for. Whether it's a checking account, a car loan, or a place to watch your money grow, our bank is the place for you. Locations in Beemer, Fremont, Bancroft & Homer Nebraska
(712) 225-5731 Lender's profile and map Reviews North Star Community Credit Union IA 1207 N 2nd Street, Cherokee, IA, 51012 Serving 14 counties in Northwest Iowa, with offices in Cherokee, Ida Grove, and Sheldon, North Star Community Credit Union is your full-service financial institution. Offering everything from savings, checking, share certificates, loans, mortgages and more, North Star Community Credit Union is your one-stop for all your financial needs.