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 $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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