USDA Loans in Minnesota

USDA LOAN BENEFITS IN MINNESOTA
USDA Home Loans offer flexible credit requirements along with NO MONEY DOWN. The interest rates are competitive and you can close your loan in roughly 45 days. The USDA Home loan is a great loan for those individuals with limited and average or below average credit profiles. A credit score of 620 is required to qualify for a USDA Loan, and a credit score of 640 drastically increases your chances. If you are close to either of these credit scores, contact one of our USDA Loan agents today to see how we can help you improve your credit score.

USDA LOAN ELIGIBILITY IN MINNESOTA
To qualify for a USDA Loan the home you wish to buy must be located in a USDA eligible area. As a general rule an area is deemed eligible if the community has less than 35,000 people. However, the boundaries that qualify for a USDA Loan are not as clearly defined as city lines, so if you meet the credit and income requirements apply now and let one of our certified USDA Loan agents verify if you qualify for a USDA Loan.

To qualify for a USDA Loan, USDA Loan Underwriters will want to make sure that you meet income guidelines. USDA Loan income guidelines are based off of your household size and the county of your residence. Below is a list of income limits by county in Minnesota.

Income Limits for USDA Loans in Minnesota

Name Family Size 1 -4 Family Size 5 – 8
Aitkin $81,200 $107,200
Anoka $94,600 $124,850
Becker $81,200 $107,200
Beltrami $81,200 $107,200
Benton $84,150 $111,100
Big Stone $81,200 $107,200
Blue Earth $81,500 $107,600
Brown $81,200 $107,200
Carlton $81,200 $107,200
Carver $94,600 $124,850
Cass $81,200 $107,200
Chippewa $81,200 $107,200
Chisago $94,600 $124,850
Clay $87,750 $115,850
Clearwater $81,200 $107,200
Cook $81,200 $107,200
Cottonwood $81,200 $107,200
Crow Wing $81,200 $107,200
Dakota $94,600 $124,850
Dodge $94,600 $124,850
Douglas $81,200 $107,200
Faribault $81,200 $107,200
Fillmore $81,200 $107,200
Freeborn $81,200 $107,200
Goodhue $85,700 $113,100
Grant $81,200 $107,200
Hennepin $94,600 $124,850
Houston $80,700 $106,500
Hubbard $81,200 $107,200
Isanti $94,600 $124,850
Itasca $81,200 $107,200
Jackson $81,200 $107,200
Kanabec $81,200 $107,200
Kandiyohi $81,200 $107,200
Kittson $81,200 $107,200
Koochiching $81,200 $107,200
Lac qui Parle $81,200 $107,200
Lake $81,200 $107,200
Lake of the Woods $81,200 $107,200
Le Sueur $84,950 $112,150
Lincoln $81,200 $107,200
Lyon $82,450 $108,850
Mahnomen $81,200 $107,200
Marshall $81,200 $107,200
Martin $81,200 $107,200
McLeod $84,950 $112,150
Meeker $81,200 $107,200
Mille Lacs $81,200 $107,200
Morrison $81,200 $107,200
Mower $81,200 $107,200
Murray $81,200 $107,200
Nicollet $82,000 $108,250
Nobles $81,200 $107,200
Norman $81,200 $107,200
Olmsted $94,600 $124,850
Otter Tail $81,200 $107,200
Pennington $81,200 $107,200
Pine $81,200 $107,200
Pipestone $81,200 $107,200
Polk $84,950 $112,150
Pope $81,200 $107,200
Ramsey $94,600 $124,850
Red Lake $81,200 $107,200
Redwood $81,200 $107,200
Renville $81,200 $107,200
Rice $86,600 $114,300
Rock $81,200 $107,200
Roseau $81,200 $107,200
Scott $94,600 $124,850
Sherburne $94,600 $124,850
Sibley $81,200 $107,200
St Louis $81,200 $107,200
Stearns $84,150 $111,100
Steele $87,250 $115,150
Stevens $82,600 $109,050
Swift $81,200 $107,200
Todd $81,200 $107,200
Traverse $81,200 $107,200
Wabasha $83,150 $109,750
Wadena $81,200 $107,200
Waseca $81,200 $107,200
Washington $94,600 $124,850
Watonwan $81,200 $107,200
Wilkin $81,200 $107,200
Winona $81,200 $107,200
Wright $94,600 $124,850
Yellow Medicine $81,200 $107,200
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