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

By the year 2025, the conventional loan limit in New-Hope, located in Madison county of AL, is $647,200. For single-family homes, the FHA limit is $420,680.

Employ the Lendersa® Conventional Loan Calculator to evaluate and compare today's leading rates for Conventional, FHA, and USDA loans. It helps determine necessary income, credit, reserves, and documents needed for qualifying. With our advanced mortgage tool, view side-by-side comparisons of Conforming Conventional, USDA, FHA, and VA loans to select the ideal program in AL that fits your specific financial requirements.

Explore loan offers from 100 lenders

Loan Limits and Down Payment Requirements for 2025 in New-Hope, Madison County, AL

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

This comparison applies to zip codes: 35760

Options for Conventional and FHA Loans in New-Hope, AL

The mission of Lendersa® is to efficiently connect you with the best Conventional, USDA, or FHA loans, quickly and without any hassle. Choose from three options to match with suitable lenders and loan offerings.

Results of Lendersa USDA loan request


  • Family Savings Credit Union
  • 711 E. Meighan Blvd, Gadsden, AL, 35903
  • "Family Savings Credit Union…. Where your money grows with you and your family, and ownership allows all members to prosper. The concept of a credit union is one where people can get better financial services by pooling their resources and working together. In 1951, these principles were brought to Gadsden, AL"
  • Bank of Frankewing
  • PO Box 1, Frankewing, TN, 38459
  • Bank of Frankewing, a 100-year-old financial services institution, serves southern, middle Tennessee and northern Alabama with personalized, friendly banking opportunities. Bank of Frankewing is an independent institution focusing on the needs of our communities by offering a comprehensive range of personal and business banking services
  • Goldstar Mortgage Inc
  • 1557 Chesnut Bypass, Centre, AL, 35960
  • Goldstar Mortgage Inc. is located in beautiful Centre, Alabama. Our goal is to provide you with exceptional customer service, lowest rates, and minimal closing cost. Since 1995, Goldstar Mortgage has helped thousand of clients across the State of Alabama purchase their dream home, refinance to lower their payment
  • Bank of Dade Trenton
  • 12634 North Main Street, Trenton, GA, 30752
  • The Bank of Dade eventually moved to its current convenient location at the corner of U. S. Highway 11 and Georgia Avenue in the heart of Trenton’s business area where it has enjoyed a steady, consistent growth and is proud to have played a part, and to continue to play an even more important part, in the growth and development of Dade County.
  • Citizens Tri-County Bank
  • 201 N Jackson Street, Tullahoma, TN, 37388
  • Citizens Tri-County Bank was organized in 1972 as Citizens Bank, and received its bank charter in June of that same year. The new bank opened for business in October, 1972, with $500, 000 in capital, initially operating in a trailer at the bank’s current Main Office location in downtown Dunlap, Tennessee.
  • Ascend Federal Credit Union
  • 520 Airpark Drive, Tullahoma, TN, 37388
  • At Ascend, our mission is to "Raise Possibilities"​ for our members. This means opening new doors for financial freedom, guiding people through money matters using sound experience and knowledge, and providing an environment where you can feel comfortable knowing we have only your best interests in mind.
  • Mortgage Connection
  • 609 Wilson Avenue, Tullahoma, TN, 37388
  • Mortgage Connection is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward.
  • Tower Community Bank
  • 4564 Main Street, Jasper, TN, 37347
  • At Tower Community Bank, we serve with integrity and purpose, lead by example and get involved because we want to make a difference. Putting service above all else, we try to create experiences that elevate people and communities. We encourage you - our online community of friends, neighbors and customers - to look to the Tower for a higher
  • First National Bank
  • 206 South First Street, Pulaski, TN, 38478
  • First National Bank of Pulaski is a Bank with operations in two states. First National Bank of Pulaski offers numerous mortgage programs including conventional, FHA, VA and construction mortgages As a community Bank with a commitment to help our neighbors, we promise you’ll enjoy convenience without getting lost in the shuffle.
  • Faith Mortgage LLC
  • 186 Main St, Trussville, AL, 35173
  • Faith Mortgage LLC offers a variety of loan programs to meet your needs. Available to you are FHA, VA, Conventional and USDA loan types. Ready to purchase a home, refinancing your existing home or needing cash out to do improvements or payoff debt, contact Faith Mortgage LLC 205-655-7250
  • Heritage South Community Credit Union
  • 763 North Main Street, Shelbyville, TN, 37160
  • Heritage South has grown to over 25, 000 members across the communities of Bedford, Marshall, and Rutherford Counties in central Tennessee. We are a non-profit financial cooperative owned by our account holders This means we put our members’ interests first and aren’t working to make a board of Wall Street investors rich.