FHA VS Conventional loan programs in 2025 for Red-Bay, Franklin County, Alabama

As of 2025, the conventional loan cap in Red-Bay, within Franklin county, AL, stands at $647,200, while the FHA limit for a single-family dwelling is $420,680.

The Lendersa® Conventional Loan Calculator is designed to help you evaluate and contrast current best rates for Conventional, FHA, and USDA loans. Discover the income, credit, reserves, and documentation necessary to qualify. This advanced mortgage calculator presents Conforming Conventional, USDA, FHA, and VA loans side by side, aiding your decision on the ideal program in AL for your financial situation.

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2025 Loan Limits and Down Payment Requirements in Red-Bay, Franklin County, AL

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

This table applies to the following zip codes: 35582

Discover Conventional and FHA Loan Options in Red-Bay, AL

Lendersa® aims to facilitate your acquisition of the best Conventional, USDA, or FHA loan with minimal delay and complexity. Choose among three initial strategies to match with appropriate lenders and loan programs.

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  • 1st Legacy Capital LLC,
  • 270 Ridgeland Drive, Starkville, MS, 39759
  • 1st Legacy Capital was founded by Ken Freshwater & Andy Shurden in 2016. After nearly 40 years of combined mortgage experience, Ken & Andy formed 1st Legacy Capital LLC to provide consumers in Mississippi the premier resource for Mississippi Reverse Mortgage Loans. 1st Legacy is located in Starkville Mississippi & serves consumers state wide.
  • Community Bank TN
  • 19 Natchez Trace Drive, Lexington, TN, 38351
  • Headquartered in Lexington, Tennessee, we are locally owned and managed. We have three full service branches, two in Lexington and one in Jackson, Tennessee. Community Bank associates are plugged in, serving our communities in just about every volunteer and service organization in our markets.
  • Unity MS Bank
  • 650 Highway 7 South, Holly Springs, MS, 38635
  • We are a private financial institution for members of our community and surrounding areas. We are a full-service federally insured bank. We provide a large selection of banking products and services, with options to meet every level of need. We offer checking and savings accounts; mortgage loans; personal loans; and small business loans.
  • MaggieMae
  • 511 Energy Center Dr, Suite 702, Northport, AL, 35473
  • MaggieMae is a division of Consumer First Mortgage, Inc. (CFM), a privately held residential mortgage lending corporation based in Tuscaloosa, Alabama. CFM was founded in 2000, and we hold national lending and underwriting approvals from the Federal Housing Authority (FHA), the Department of Veterans Affairs (VA),
  • The Hutson Company
  • 1244 Main Street, Gardendale, AL, 35071
  • The Hutson Company is a mortgage loan company that serves the entire state of Alabama. We specialize in brokering purchase mortgage loans for new and existing homes and also in refinancing existing mortgages. The Hutson Company has been in business for over 30 years. The Hutson Company does all types of mortgage loans including FHA, VA, USDA
  • Porch Point Mortgage
  • 600 Boulevard South SW Suite 104, Huntsville, AL, 35802
  • Porch Point Mortgage is a mortgage brokerage that offers home financing to clients across the country. We believe in a simplified and technology-enabled process. We are dedicated to helping our clients obtain a mortgage that fits their needs, whether it’s for purchasing a home or refinancing an existing loan. Porch Point uses the latest systems and
  • North Alabama Mortgage
  • 7501 Memorial Pkwy SW, Suite 100, Huntsville, AL, 35802
  • Since our beginning in 2006, North Alabama Mortgage has been helping people fulfill their dreams of becoming homeowners. We pride ourselves on finding the best loan at the lowest cost possible. All with a focus on personal, friendly service and making the loan process as quick and easy as possible to our clients.
  • North Alabama Educators Credit Union
  • 2309 Whitesburg Drive South, Huntsville, AL, 35801
  • NAECU was established in 1955 to serve employees of the local Huntsville educational community and has expanded over the years. The credit union now serves over 10,500 members and has accumulated over $82,000,000 in total assets. NAECU follows the philosophy of "Not for Profit, not for Charity, but for Service".
  • Merit Bank
  • 659 Gallatin Street SW, Huntsville, AL, 35801
  • At Merit Bank, our mission is to empower employees to think and serve our customers with an ownership mentality so that we may always stay true to our name. To receive more information about Merit Bank or any of our services, please call us at 256-692-8700, To call a branch directly, please visit the Locations page for branch numbers.
  • Bryant Bank
  • 320 Pelham Ave SW, Huntsville, AL, 35801
  • Founded in 2005, Bryant Bank proudly operates 18 branches located in five of the six largest metropolitan markets in the state of Alabama: Huntsville, Birmingham, Tuscaloosa, Mobile, and Baldwin County. We offer personal, business, and mortgage banking services as well as Treasury Management Services, Correspondent Banking, and Capital Markets.
  • VA Mortgage Alabama
  • 3350 L and N Drive, Huntsville, AL, 35801
  • Whether you are refinancing or purchasing a home, VA mortgage Alabama can save you thousands! We do this by receiving fixed compensation from our lenders (compensation that is not driven by interest rates). This allows us in most cases to eliminate origination fees and absorb 3rd party fees by giving back the market premium.