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 | $83,800 | $110,600 |
| Anoka | $97,750 | $129,050 |
| Becker | $83,800 | $110,600 |
| Beltrami | $83,800 | $110,600 |
| Benton | $84,150 | $111,100 |
| Big Stone | $83,800 | $110,600 |
| Blue Earth | $89,700 | $118,400 |
| Brown | $83,800 | $110,600 |
| Carlton | $83,800 | $110,600 |
| Carver | $97,750 | $129,050 |
| Cass | $83,800 | $110,600 |
| Chippewa | $83,800 | $110,600 |
| Chisago | $97,750 | $129,050 |
| Clay | $90,400 | $119,350 |
| Clearwater | $83,800 | $110,600 |
| Cook | $83,800 | $110,600 |
| Cottonwood | $83,800 | $110,600 |
| Crow Wing | $83,800 | $110,600 |
| Dakota | $97,750 | $129,050 |
| Dodge | $97,750 | $129,050 |
| Douglas | $83,800 | $110,600 |
| Faribault | $83,800 | $110,600 |
| Fillmore | $83,800 | $110,600 |
| Freeborn | $83,800 | $110,600 |
| Goodhue | $86,850 | $114,650 |
| Grant | $83,800 | $110,600 |
| Hennepin | $97,750 | $129,050 |
| Houston | $82,800 | $109,300 |
| Hubbard | $83,800 | $110,600 |
| Isanti | $97,750 | $129,050 |
| Itasca | $83,800 | $110,600 |
| Jackson | $83,800 | $110,600 |
| Kanabec | $83,800 | $110,600 |
| Kandiyohi | $83,800 | $110,600 |
| Kittson | $83,800 | $110,600 |
| Koochiching | $83,800 | $110,600 |
| Lac qui Parle | $83,800 | $110,600 |
| Lake | $83,800 | $110,600 |
| Lake of the Woods | $83,800 | $110,600 |
| Le Sueur | $84,950 | $112,150 |
| Lincoln | $83,800 | $110,600 |
| Lyon | $84,100 | $111,000 |
| Mahnomen | $83,800 | $110,600 |
| Marshall | $83,800 | $110,600 |
| Martin | $83,800 | $110,600 |
| McLeod | $84,950 | $112,150 |
| Meeker | $83,800 | $110,600 |
| Mille Lacs | $83,800 | $110,600 |
| Morrison | $83,800 | $110,600 |
| Mower | $83,800 | $110,600 |
| Murray | $83,800 | $110,600 |
| Nicollet | $89,700 | $118,400 |
| Nobles | $83,800 | $110,600 |
| Norman | $83,800 | $110,600 |
| Olmsted | $97,750 | $129,050 |
| Otter Tail | $83,800 | $110,600 |
| Pennington | $83,800 | $110,600 |
| Pine | $83,800 | $107,200 |
| Pipestone | $83,800 | $110,600 |
| Polk | $90,400 | $119,350 |
| Pope | $83,800 | $110,600 |
| Ramsey | $97,750 | $129,050 |
| Red Lake | $83,800 | $110,600 |
| Redwood | $83,800 | $110,600 |
| Renville | $83,800 | $110,600 |
| Rice | $87,400 | $115,350 |
| Rock | $83,800 | $110,600 |
| Roseau | $83,800 | $110,600 |
| Scott | $97,750 | $129,050 |
| Sherburne | $97,750 | $129,050 |
| Sibley | $83,800 | $110,600 |
| St Louis | $83,800 | $110,600 |
| Stearns | $84,150 | $111,100 |
| Steele | $87,250 | $115,150 |
| Stevens | $84,750 | $111,850 |
| Swift | $83,800 | $110,600 |
| Todd | $83,800 | $110,600 |
| Traverse | $83,800 | $110,600 |
| Wabasha | $83,800 | $109,750 |
| Wadena | $83,800 | $110,600 |
| Waseca | $83,800 | $110,600 |
| Washington | $97,750 | $129,050 |
| Watonwan | $83,800 | $110,600 |
| Wilkin | $83,800 | $110,600 |
| Winona | $83,800 | $110,600 |
| Wright | $97,750 | $129,050 |
| Yellow Medicine | $83,800 | $110,600 |
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