FHA VS Conventional loan in New-Hope, Madison County, Alabama

In 2024, Convetional loan limit in New-Hope, county of Madison, AL is $647,200 while FHA limit is $420,680 for a single-family home.

Use Lendersa® Conventional loan calculator to compare today's Conventional Vs. FHA Vs. USDA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the Conforming Conventional loans, USDA, FHA, VA side by side to help you decide which program in AL is best for your particular financial situation.

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2024 loan limits and downpayment requirments in New-Hope, county of Madison, AL

Loan Type Loan Limit Down payment
Conventional Conforming $647,200 3%
USDA $285,000 0%
FHA $420,680 3.5%

The comparison table applies to zip codes: 35760

Conventional and FHA loan options in New-Hope, AL

Lendersa® goal is to get you the best possible Conventional, USDA or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and loan programs.

Lendersa USDA loan request and matching results


  • Family Security Credit Union
  • 2204 Family Security Place SW, Decatur, AL, 35603
  • Family Security Credit Union offers many convenient online services from their website 24 hours a day. Family Security Credit Union's online banking allows members to save time and money with online bill pay, check account balances, order checks, make loan payments, view e-Statements.
  • Merchants Bank of Alabama
  • 900 Second Avenue SW, Cullman, AL, 35055
  • Merchants Bank of Alabama, a division of SouthPoint Bank, has become Cullman County’s go-to locally owned bank by going way out of our way. It’s an approach to banking that goes way back to 1907 when we opened in Hanceville, Alabama. Since then we’ve made a point of changing with the customer. Not just the times.
  • First Community Bank.
  • 420 2nd Ave SW, Cullman, AL, 35055
  • Located in northern Alabama, First Community Bank is an $120 million community financial institution operating since 1905. First Community Bank offers competitive interest rates on all deposit products including certificates of deposits, checking and savings accounts. We are also dedicated to providing competitive mortgage financing for purchases.
  • Cullman Savings Bank
  • 1652 2nd Ave SW, Cullman, AL, 35055
  • Cullman Savings Bank is a Bank with operations in one state. Cullman Savings Bank offers numerous mortgage programs including conventional, FHA, VA and construction mortgages and We offer competitive mortgage loan rates with local customer service to help you find the mortgage loan that is right for you
  • EvaBank
  • 1710 Cherokee Ave SW, Cullman, AL, 35055
  • EvaBank is cautiously aggressive in its loan policy as well as in its deposit policy. EvaBank strives to beat the competition both service wise and rate wise. We offer ATM/Check Cards, online Banking, mobile Banking and mobile deposit.We can make a decision with respect to automobile loans and other personal loans within a matter of minutes.
  • Traditions Bank Cullman, Alabama U.S.A
  • 109 2nd Ave NW, Cullman, AL, 35055
  • Traditions Bank is a true community Bank. That’s why we do things different here. We make personal connections with our customers and create ways to ensure we are helping guide their financial security and prosperity. These connections and agility are what “Building Bridges” means to us. In a world where financial services.
  • Peoples Bank of Alabama
  • 1912 Cherokee Ave SW, Cullman, AL, 35055
  • Peoples Bank of Alabama was born in 1977 as Peoples Bank of Holly Pond. Back then the citizens of this community needed a local Bank to serve their financial needs - one that understood their specific needs, wants, and dreams. We began with a simple mission of putting people first and doing what is right.
  • The Mortgage Center
  • 109 1st Ave SW, Cullman, AL, 35055
  • The Mortgage Center began in August 1992 as a one-man operation located in Cullman, Alabama. The company now has 2 offices in Alabama and has grown to one of the largest independent mortgage brokers in Alabama. The company has funded over 15,000 mortgage loans since its inception.
  • First State Bank of AL
  • PO Box 681299, Fort Payne, AL, 35968
  • Being locally-owned and locally-operated is one of the most beneficial as well as distinguishing characteristics of First State Bank.This trait separates us from our competitors by allowing FSB the pleasure and flexibility of servicing our customers’ needs promptly and personally.
  • First Mortgage Group
  • 118 E Moulton St, Decatur, AL, 35601
  • The First Mortgage Group team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
  • DREAM HOME MORTGAGE LLC
  • 1690 Beltline Road SW, Suite A, Decatur, AL, 35601
  • "Dream Home Mortgage is a locally owned mortgage company offering its services to customers in the entire state of Alabama. Our company helps clients secure mortgages with low rates and minimal out-of-pocket cost. We understand the value of one-on-one support for all clients. We've dedicated ourselves to providing unmatched service at every tu